Global Green Chemicals Market
The global Green Chemicals market was valued at USD 153,069.00 million in 2021 which expected to reach USD 217,170.20 million by 2027 at a CAGR 5.05% from 2021-2027.
Green chemicals, also known as bio-based chemicals, are environmentally friendly and renewable substances derived primarily from plant, vegetable, and animal-based raw materials. Vegetable oils, animal fat, sugar and starch, bio-ethanol, corn, sugarcane, wheat, and cassava are important sources of these bio-chemicals.
Bio-based chemicals, as opposed to petroleum-based chemicals, are less harmful to the environment and are intended to maintain ecological balance by reducing certain environmental impacts associated with recycling, disposal, transportation, installation, processing, and fabrication.
Market Drivers
Increasing Demand for Energy is Driving Green Chemicals Market
Major environmental issues include resource depletion, pollution, environmental degradation, and climate change. In addition, the world's need for energy has grown significantly in recent years. The rising human population and its corresponding needs are a contributing factor in this need. Since fossil fuels are the main source of energy, greenhouse gas emissions have emerged as the most important environmental issue.
Market challenges
The high cost of green chemicals, their protracted production processes, and the lengthier lead times for their intended applications, on the other hand, are anticipated to restrain the market's expansion over the projected timeframe.
Additionally, some of the green chemicals contain dioxane, which is naturally carcinogenic, according to a few study investigations. This may limit the market's ability to expand in some ways.
COVID-19 Impact on the Green Chemicals Market
Numerous markets around the world, particularly in China, the U.S., Italy, Spain, and other Western European countries, were severely affected by the COVID-19 epidemic. The shutdown of manufacturing facilities in accordance with government restrictions to contain the disease was a major factor in the pandemic's severe impact on the market for green chemicals.
Chemical producers suffered further losses as a result of the closure of factories and storage facilities because the previously produced and stocked chemicals could not be sold as a result of temporary trade restrictions and decreased demand.
Market Segmentation
The Global Green Chemicals Market is segmented into Product, Application. By Product such as Bioalcohols, Biopolymers, Biosolvents, Organic Acids. Further, market is segmented into By Application such as Food & Beverages, Personal Care, Packaging, Automotive, and Agriculture.
Regional Analysis
Global Green Chemicals Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe dominated the market and accounted for the largest revenue share of 35.72% in 2021. The region is expected to continue its dominance over the forecast period.
Asia-Pacific is expected to grow at significant growth rate, as application such as Personal Care and automotive segment are growing in the country. Rising consumer and industrial interest in using clean energy resources to preserve the environment, government actions to ban conventional non-biodegradable plastics, and government investments and initiatives to promote green chemicals.
Key Players
Various key players are listed in this report such as Arkema Group, BASF SE, Evonik Industries AG, GFBiochemicals Ltd, Koninklijke DSM N.V., Mitsubishi Chemical Corporation, Plantic Technologies Limited, Toray Industries Inc, Total Corbion PLA, Vertec BioSolvents Inc
Market Taxonomy
By Product
By Application
By Region
Key Questions Addressed by the Report
Global Green Chemicals Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Green Chemicals Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Green Chemicals Market, By Product
5.1 Y-o-Y Growth Comparison, By Product
5.2 Global Green Chemicals Market Share Analysis, By Product
5.3 Global Green Chemicals Market Size and Forecast, By Product
5.3.1 Bioalcohols
5.3.2 Biopolymers
5.3.3 Biosolvents
5.3.4 Organic Acids
6 Global Green Chemicals Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Green Chemicals Market Share Analysis, By Application
6.3 Global Green Chemicals Market Size and Forecast, By Application
6.3. 1 Food & Beverages
6.3.2 Personal Care
6.3.3 Packaging
6.3.4 Automotive
6.3.5 Agriculture
7 Global Green Chemicals Market, By Region
7.1 Global Green Chemicals Market Share Analysis, By Region
7.2 Global Green Chemicals Market Share Analysis, By Region
7.3 Global Green Chemicals Market Size and Forecast, By Region
8 North America Green Chemicals Market Analysis and Forecast (2021-2027)
8.1 Introduction
8.2 North America Green Chemicals Market Share Analysis, By Product
8.3 North America Green Chemicals Market Size and Forecast, By Application
8.4 North America Green Chemicals Market Size and Forecast, By Country
8.5.1 U.S.
8.6.2 Canada
9.7.3 Mexico
9 Europe Green Chemicals Market Analysis and Forecast (2021-2027)
9.1 Introduction
9.2 Europe Green Chemicals Market Share Analysis, By Product
9.3 Europe Green Chemicals Market Size and Forecast, By Application
9.4 Europe Green Chemicals Market Size and Forecast, By Country
9.5.1 Germany
9.6.2 France
9.7.3 UK
9.8.4. Rest of Europe
10 Asia Pacific Green Chemicals Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 Asia Pacific Green Chemicals Market Share Analysis, By Product
10.3 Asia Pacific Green Chemicals Market Size and Forecast, By Application
10.4 Asia Pacific Green Chemicals Market Size and Forecast, By Country
10.5.1 China
10.6.2 Japan
10.7.3 India
10.8.4. Rest of Asia Pacific
11 Latin America Green Chemicals Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Latin America Green Chemicals Market Share Analysis, By Product
11.3 Latin America Green Chemicals Market Size and Forecast, By Application
11.4 Latin America Green Chemicals Market Size and Forecast, Country
11.5.1. Brazil
11.6.2. Rest of Latin America
12 Middle East Green Chemicals Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Middle East Green Chemicals Market Share Analysis, By Product
12.3 Middle East Green Chemicals Market Size and Forecast, By Application
12.4 Middle East Green Chemicals Market Size and Forecast, By Country
12.5.1. Saudi Arabia
12.6.2. UAE
12.7.3. Egypt
12.8.4. Kuwait
12.9.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
14.1 Arkema Group
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2. BASF SE
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3. Evonik Industries AG
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 GFBiochemicals Ltd
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Koninklijke DSM N.V..
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Mitsubishi Chemical Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Plantic Technologies Limited.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Toray Industries Inc
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Total Corbion PLA
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Vertec BioSolvents Inc
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
