Green Chemicals Market

Global Green Chemicals Market by Types (Bio-Surfactants, Bio-Alcohols, Bio-Organic Acids, Biopolymers, Platform Chemicals, and Others), Applications (Construction, Healthcare, Pharmaceuticals, Packaging, Food & Beverages, Paints & Coatings, Automotive, Agriculture, and Other Applications), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

  • Report ID: MC-2456
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 211
  • Format:
  • Pub. Date: 10-05-2021
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Market Outlook:

The global green chemicals market was valued at 92.0 Billion in 2020 and is projected to reach USD 173.3 Billion by 2027, expanding at a CAGR of 9.5% during the forecast period. Demand for green chemicals is driven by the increasing government initiatives and encouragement, rising adoption of green cities and green construction, technology advancement, and sustainable and eco-friendly alternatives.

Green Chemicals Market key takeaways

Green chemicals, known as bio-based chemicals, are made from renewable feedstock. They are largely made from raw materials that consume less natural resources and help to maintain environmental balance. Vegetable oils, animal fats, sugar and starch, and bio-ethanol are common bio-based raw materials utilised in the synthesis of green chemicals. Green chemicals improve performance and functionality while being eco-friendly throughout their full life cycle. The Twelve Principles of Green Chemistry, which give a framework for innovation and design, codified this approach.

Market Dynamics

Increasing government initiatives and encouragement by governments urging regional manufacturers to use sustainable components in production are factors that boost the market over the forecast period. Global public-private partnership bridges the gap between science-based innovation and real-world application of green chemistry in developing countries and economies in transition. UNIDO's major initiative on green chemistry aims to address the challenges posed by hazardous chemicals through holistic, wide-ranging actions and the preventive design and management of chemicals and waste.

Rising adoption of green cities and green construction of buildings for residential, industrial, and commercial housing across the globe is expected to expand the market during the forecast period. Biopolymer modification based on green chemistry principles yields a wide range of products for use in home and personal care goods, industrial cleaning products, water treatment, and food ingredients. This helps reduce waste during construction, create energy-efficient, water-saving homes, and promote the use of sustainable materials. Use of green chemicals in cleaning products is increasing, as consumers look for natural cleaning products for facilities, businesses, and offices, while reducing their environmental footprint. This factor helps consumers to shift towards green cleaning products.

Technological developments in this field include mattresses from sugars or lactic acid. Some synthetic materials are created from greenhouse gases. Green chemicals, which are environmentally beneficial, are the basis for a variety of plastics used by automotive, aviation, toy, computer, and mobile phone manufacturers. Some of these technologies are already in use, while others are still in the works.

Technology and chemical methods improved and the bio-based chemical industry became increasingly profitable and is now poised to take over a large share of the market. Sustainability-minded manufacturers and consumers are adopting environment-friendly alternatives, hence, the demand for sustainable chemicals is increasing.

Difficulties in the availability of technology is an intellectual property barrier. Industrial research resulted in the development of new reactions or green routes for chemicals; however, the knowledge is not available readily in the industry. The firms which develop it often protect it as an intellectual property to achieve competitive advantage, resulting in low transmission of knowledge and technology within the industry. Many people are unaware that green chemical science is available and provides significant benefits. There is a widespread belief that all environment-friendly initiatives are costly and ineffective.

Green chemical is an opportunity to create a safe and efficient world with less waste. It helps create solutions to curb global warming and meet the goal of 30% reduction in greenhouse gas emissions by 2020. Consumers are expected to be protected against adverse effects of toxic substances in the products they use. Less floating non-biodegradable debris helps marine life and makes beaches clean. Less landfills and hazardous waste sites are expected to be passed on to future generations.

Segmental Outlook

On the basis of types, the market is segmented into bio-surfactants, bio-alcohols, bio-organic acids, biopolymers, platform chemicals, and others. The bio alcohol segment is anticipated to hold a significant share of the market during the forecast period, owing to its consistent performance, increased productivity, and enhanced sustainability. Demand for bio-based organic acids is steadily increasing, due to the environmental impact of conventional organic acids. To meet this rising demand, organic acid is increasingly being manufactured from renewable sources such as feedstock. Organic acids, which usually contain at least one carboxyl group, are highly versatile compounds with a wide range of applications for industries such as consumer goods, food and beverage, pharmaceuticals, and chemicals.

Green Chemicals Market by types

In terms of application, the market is divided into construction, healthcare, pharmaceuticals, packaging, food & beverages, paints & coatings, automotive, agriculture, and other applications. The packaging segment held a sizeable market share in 2019 and is expected to account for a substantial share of the market during the forecast period. Packaging made from sustainable materials and plant by-products such as cornstarch or sugarcane are eco-friendly. Cornstarch-based packaging, in particular, led to a surge in interest over the last decade, as it is eco-friendly and recyclable in nature, which contributes a significant share in the market.

Regional Outlook

On the basis of regions, the global green chemicals market is fragmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market in Germany is expected to grow at a rapid pace, due to increasing number of flourishing automotive industries, which is driving the use of green chemicals in the country. North America is expected to grow at a faster rate than the rest of the world, due to the introduction of low-cost and abundant feedstock, shift in emphasis toward the usage of environmentally sustainable goods, and the implementation of numerous government programs. The EPA imposed supportive regulations on the adoption of bio-based chemicals in the US, which is expected to increase the demand for bio-based chemicals in North America. Brazil in Latin America accounts for the second largest producer of green chemicals in the world.

Green Chemicals Market by Regions

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global green chemicals market
  • Historical, current, and projected market size in terms of value (USD million)
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints, and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Green Chemicals Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Green Chemicals Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Green Chemicals Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Green Chemicals Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Green Chemicals Market Size & Forecast, 2018-2028
      4.5.1 Green Chemicals Market Size and Y-o-Y Growth
      4.5.2 Green Chemicals Market Absolute $ Opportunity
Chapter 5 Global Green Chemicals Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type

   5.2 Green Chemicals Market Size Forecast By Type
      5.2.1 Bio-Surfactants
      5.2.2 Bio-Alcohols
      5.2.3 Bio-Organic Acids
      5.2.4 Biopolymers
      5.2.5 Platform Chemicals
      5.2.6 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Green Chemicals Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Green Chemicals Market Size Forecast By Application
      6.2.1 Construction
      6.2.2 Healthcare
      6.2.3 Pharmaceuticals
      6.2.4 Packaging
      6.2.5 Food & Beverages
      6.2.6 Paints & Coatings
      6.2.7 Automotive
      6.2.8 Agriculture
      6.2.9 Other Applications
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Green Chemicals Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Green Chemicals Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Green Chemicals Analysis and Forecast
   9.1 Introduction
   9.2 North America Green Chemicals Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Green Chemicals Market Size Forecast By Type
      9.6.1 Bio-Surfactants
      9.6.2 Bio-Alcohols
      9.6.3 Bio-Organic Acids
      9.6.4 Biopolymers
      9.6.5 Platform Chemicals
      9.6.6 Others
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Green Chemicals Market Size Forecast By Application
      9.10.1 Construction
      9.10.2 Healthcare
      9.10.3 Pharmaceuticals
      9.10.4 Packaging
      9.10.5 Food & Beverages
      9.10.6 Paints & Coatings
      9.10.7 Automotive
      9.10.8 Agriculture
      9.10.9 Other Applications
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Green Chemicals Analysis and Forecast
   10.1 Introduction
   10.2 Europe Green Chemicals Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Green Chemicals Market Size Forecast By Type
      10.6.1 Bio-Surfactants
      10.6.2 Bio-Alcohols
      10.6.3 Bio-Organic Acids
      10.6.4 Biopolymers
      10.6.5 Platform Chemicals
      10.6.6 Others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Green Chemicals Market Size Forecast By Application
      10.10.1 Construction
      10.10.2 Healthcare
      10.10.3 Pharmaceuticals
      10.10.4 Packaging
      10.10.5 Food & Beverages
      10.10.6 Paints & Coatings
      10.10.7 Automotive
      10.10.8 Agriculture
      10.10.9 Other Applications
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Green Chemicals Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Green Chemicals Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Green Chemicals Market Size Forecast By Type
      11.6.1 Bio-Surfactants
      11.6.2 Bio-Alcohols
      11.6.3 Bio-Organic Acids
      11.6.4 Biopolymers
      11.6.5 Platform Chemicals
      11.6.6 Others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Green Chemicals Market Size Forecast By Application
      11.10.1 Construction
      11.10.2 Healthcare
      11.10.3 Pharmaceuticals
      11.10.4 Packaging
      11.10.5 Food & Beverages
      11.10.6 Paints & Coatings
      11.10.7 Automotive
      11.10.8 Agriculture
      11.10.9 Other Applications
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Green Chemicals Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Green Chemicals Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Green Chemicals Market Size Forecast By Type
      12.6.1 Bio-Surfactants
      12.6.2 Bio-Alcohols
      12.6.3 Bio-Organic Acids
      12.6.4 Biopolymers
      12.6.5 Platform Chemicals
      12.6.6 Others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Green Chemicals Market Size Forecast By Application
      12.10.1 Construction
      12.10.2 Healthcare
      12.10.3 Pharmaceuticals
      12.10.4 Packaging
      12.10.5 Food & Beverages
      12.10.6 Paints & Coatings
      12.10.7 Automotive
      12.10.8 Agriculture
      12.10.9 Other Applications
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Green Chemicals Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Green Chemicals Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Green Chemicals Market Size Forecast By Type
      13.6.1 Bio-Surfactants
      13.6.2 Bio-Alcohols
      13.6.3 Bio-Organic Acids
      13.6.4 Biopolymers
      13.6.5 Platform Chemicals
      13.6.6 Others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Green Chemicals Market Size Forecast By Application
      13.10.1 Construction
      13.10.2 Healthcare
      13.10.3 Pharmaceuticals
      13.10.4 Packaging
      13.10.5 Food & Beverages
      13.10.6 Paints & Coatings
      13.10.7 Automotive
      13.10.8 Agriculture
      13.10.9 Other Applications
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Green Chemicals Market: Competitive Dashboard
   14.2 Global Green Chemicals Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Arkema
      14.3.2  InKemia Green Chemicals, Inc.
      14.3.3 BASF SE
      14.3.4 BiologiQ, Inc.
      14.3.5 Danimer Scientific
      14.3.6 Plantic
      14.3.7 Eastman Chemical Company
      14.3.8 Global Green Chemicals Public Company Limited
      14.3.9 Conagen, Inc.
      14.3.10 Cardia Bioplastic

Key Segments Covered

By Types

  • Bio-surfactants
  • Bio-alcohols
  • Bio-organic Acids
  • Biopolymers
  • Platform Chemicals
  • Others

By Applications

  • Construction
  • Healthcare
  • Pharmaceuticals & Personal Care Products
  • Packaging
  • Food & Beverages
  • Paints & Coatings
  • Automotive
  • Agriculture
  • Other Applications

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

  • Arkema
  • InKemia Green Chemicals, Inc.
  • BASF SE
  • BiologiQ, Inc.
  • Danimer Scientific
  • Plantic
  • Eastman Chemical Company
  • Global Green Chemicals Public Company Limited
  • Conagen, Inc.
  • Cardia Bioplastic
  • Prominent manufacturers operating in the global green chemicals market include Arkema, InKemia Green Chemicals, Inc., BASF SE, BiologiQ, Inc., Danimer Scientific, Plantic, Eastman Chemical Company, Global Green Chemicals Public Company Limited, Conagen, Inc., and Cardia Bioplastic.
  • These companies are considered as key manufacturers of green chemicals based on their revenue, research & development (R&D) activities, regional presence, and supply chain management system.
Green Chemicals Market by key players

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles are provided on request.

Yes, the report provides supply chain analysis along with a list of raw material suppliers, manufacturers, distributors, and customers.

According to the Growth Market Reports, the market for green chemicals is likely to register a CAGR of 9.5% during forecast period 2020-2027, with an anticipated valuation of USD 173.3 million by the end of 2027.

In addition to market size (in USD Billion) and, company market share (in % for base year 2019), other data such as macro-economic factors and COVID-19 impact on the value chain are available in the final report.

Applications in the global green chemicals market includes construction, healthcare, pharmaceuticals, packaging, food & beverages, paints & coatings, automotive, agriculture, and other applications.

Demand for Green Chemicals is expected to continue to increase over the forecast period, taking into account increasing government initiatives and encouragement, rising adoption of green cities and green construction, technology advancement, and sustainable and eco-friendly alternatives.

Factors such as competitive strength and market positioning are key areas, which are considered while selecting top companies to be profiled.

The market is expected to decrease around XX% between 2019 and 2020, owing to the negative impact of COVID-19 pandemic on the global green chemicals market.

The base year considered for the global green chemicals market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major Manufactures are Arkema, InKemia Green Chemicals, Inc., BASF SE, BiologiQ, Inc., Danimer Scientific, Plantic, Eastman Chemical Company, Global Green Chemicals Public Company Limited, Conagen, Inc., and Cardia Bioplastic.