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Green Chemicals Market: By Type, By Application and by Region Forecast 2019-2030
Green Chemicals Market: By Type, By Application and by Region Forecast 2019-2030
Green Chemicals Market size was valued at US$ 111.6 billion in 2023 and is expected to reach US$ 191.2 billion by 2030, at a CAGR of 10.2% from 2024-2030. Chemicals are an indispensable and integral part of modern life, touching almost all spheres of human activity. The chemical industry is a very important constituent of the growing economy and it is the mainstay of industrial and agricultural development, providing several building blocks and raw materials for many industries, including textile, paper, paint, soap and detergent, pharmaceutical, agrochemical, etc. The environmental and climate issues facing across the globe are widely recognized as daunting problems. Therefore, green technologies and ecologically sustainable development are vital as the quality of life is declining.
Green chemistry has become a multi-billion dollar industry. To keep up with safety needs, consumer demand, regulations, and a greater global movement toward sustainability, the chemical industry has been increasing its innovative efforts in this area. JSW Cement Limited entered the construction chemicals business in June 2021 with the introduction of a new line of green products that use less water during application. Hence, increasing demand for green chemicals from various industries is fueling the market growth. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, The Global Market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition.
Study Period
2024-2030Base Year
2023CAGR
10.2%Largest Market
North-AmericaFastest Growing Market
Europe
During the forecast period, the market is likely to benefit from an increase in the adoption of green cities and green-based building development in the residential, industrial, and commercial sectors around the world. The industry is also being fueled by global oil price volatility and an increase in the number of applications for green chemicals across industries. Increased government initiatives and incentives for regional businesses to incorporate sustainable components in their product manufacturing are significant market drivers. During the projection period, however, the market is likely to be hampered by fluctuating raw material prices and high production costs compared to petroleum-based chemicals.
North America accounted for larger revenue share in global green chemicals market with considerable CAGR. The growth for the market in this region can be attributed to increasing use of green chemicals in intermediate chemicals production and rising demand for eco-friendly packaging. Also,
Asia Pacific held significant market share during predicted period owing to rising conscience over the use of environment friendly materials in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 111.6 billion |
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Market CAGR |
10.2% |
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By Type |
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By Application |
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By Region |
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The green chemicals market size was valued at US$ 111.6 billion in 2023 and is projected to reach US$ 191.2 billion by 2030, at a CAGR of 10.2% from 2024-2030
The green chemicals market key players are: BASF SE Cargill Inc. DowDuPont Inc. INEOS AG Koninklijke DSM NV Arkema Group Abengoa Aura Biotechnologies Avantium N.V. BioAmber Inc. Cardia Bioplastics Dongguan Xinhai Environmental-Friendly Material Co. Ltd. Mitsubishi Chemical Corporation Plantic Technologies Ltd. Toray Industries Inc
The green chemicals market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Green Chemicals Market Introduction |
| 2.1. Global Green Chemicals Market Taxonomy |
| 2.2. Global Green Chemicals Market Definitions |
| 2.2.1. Type |
| 2.2.2. Application |
| 3. Global Green Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Green Chemicals Market Dynamic Factors - Impact Analysis |
| 3.6. Global Green Chemicals Market Competition Landscape |
| 4. Global Green Chemicals Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Green Chemicals Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Bio-alcohols |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Bio-organic Acids |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Bio-ketones |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Biopolymers |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Green Chemicals Market, By Application, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Construction |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Pharmaceuticals |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Packaging |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Food & Beverages |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Paints & Coatings |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Automotive |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Textile |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 7. Global Green Chemicals Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Green Chemicals Market - Opportunity Analysis Index, By Type, Application and Region, 2024 - 2030 |
| 8. North America Green Chemicals MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Bio-alcohols |
| 8.1.2. Bio-organic Acids |
| 8.1.3. Bio-ketones |
| 8.1.4. Biopolymers |
| 8.1.5. Others |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Construction |
| 8.2.2. Pharmaceuticals |
| 8.2.3. Packaging |
| 8.2.4. Food & Beverages |
| 8.2.5. Paints & Coatings |
| 8.2.6. Automotive |
| 8.2.7. Textile |
| 8.2.8. Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Green Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 8.5. North America Green Chemicals Market Dynamics Trends |
| 9. Europe Green Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Bio-alcohols |
| 9.1.2. Bio-organic Acids |
| 9.1.3. Bio-ketones |
| 9.1.4. Biopolymers |
| 9.1.5. Others |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Construction |
| 9.2.2. Pharmaceuticals |
| 9.2.3. Packaging |
| 9.2.4. Food & Beverages |
| 9.2.5. Paints & Coatings |
| 9.2.6. Automotive |
| 9.2.7. Textile |
| 9.2.8. Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Green Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 9.5. Europe Green Chemicals Market Dynamics Trends |
| 10. Asia-Pacific Green Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Bio-alcohols |
| 10.1.2. Bio-organic Acids |
| 10.1.3. Bio-ketones |
| 10.1.4. Biopolymers |
| 10.1.5. Others |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Construction |
| 10.2.2. Pharmaceuticals |
| 10.2.3. Packaging |
| 10.2.4. Food & Beverages |
| 10.2.5. Paints & Coatings |
| 10.2.6. Automotive |
| 10.2.7. Textile |
| 10.2.8. Others |
| 10.3. Country Analysis2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Green Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 10.5. Asia-Pacific Green Chemicals Market Dynamics Trends |
| 11. Latin America Green Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Bio-alcohols |
| 11.1.2. Bio-organic Acids |
| 11.1.3. Bio-ketones |
| 11.1.4. Biopolymers |
| 11.1.5. Others |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Construction |
| 11.2.2. Pharmaceuticals |
| 11.2.3. Packaging |
| 11.2.4. Food & Beverages |
| 11.2.5. Paints & Coatings |
| 11.2.6. Automotive |
| 11.2.7. Textile |
| 11.2.8. Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Green Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 11.5. Latin America Green Chemicals Market Dynamics Trends |
| 12. Middle East and Africa Green Chemicals Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. By Type Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Bio-alcohols |
| 12.1.2. Bio-organic Acids |
| 12.1.3. Bio-ketones |
| 12.1.4. Biopolymers |
| 12.1.5. Others |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Construction |
| 12.2.2. Pharmaceuticals |
| 12.2.3. Packaging |
| 12.2.4. Food & Beverages |
| 12.2.5. Paints & Coatings |
| 12.2.6. Automotive |
| 12.2.7. Textile |
| 12.2.8. Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Green Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2024 - 2030 |
| 12.5. MEA Green Chemicals Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. BASF SE |
| 13.2.2. Cargill Inc. |
| 13.2.3. DowDuPont Inc. |
| 13.2.4. INEOS AG |
| 13.2.5. Koninklijke DSM NV |
| 13.2.6. Arkema Group |
| 13.2.7. Abengoa |
| 13.2.8. Aura Biotechnologies |
| 13.2.9. Avantium N.V. |
| 13.2.10. BioAmber Inc. |
| 13.2.11. Cardia Bioplastics |
| 13.2.12. Dongguan Xinhai Environmental-Friendly Material Co. Ltd. |
| 13.2.13. Mitsubishi Chemical Corporation |
| 13.2.14. Plantic Technologies Ltd. |
| 13.2.15. Toray Industries Inc |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.