The Business Research Company’s report on the Green Chemicals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the green chemicals market?
The rising demand for bioethanol is expected to propel the growth of the green chemicals market going forward. Bioethanol is a fuel additive made from agricultural goods (such as sugar cane or corn). Bioethanol has gained popularity as a green chemical due to its environmentally friendly properties. It is a clean-burning fuel with greenhouse gas emissions that are lower than those of fossil fuels. For instance, in March 2023, according to The German Bioethanol Industry Association, a Germany-based association that represents the interests of the biofuel sector’s companies and associations, the German production of bioethanol increased by 2% from 701,000 tons in 2021 to 715,000 tons in 2022. Therefore, the rising demand for bioethanol is driving the growth of the green chemicals market.
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How has the green chemicals market size evolved, and what are the latest forecasts for its expansion?
The green chemicals market size has grown rapidly in recent years. It will grow from $120.43 billion in 2024 to $133.85 billion in 2025 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to regulatory push for sustainable practices, consumer demand for eco-friendly products, increased awareness of environmental impact, adoption of renewable feedstocks, expansion of bio-based polymers and plastics
The green chemicals market size is expected to see rapid growth in the next few years. It will grow to $203.1 billion in 2029 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to demand for safer and non-toxic chemicals, integration of circular economy principles, rise of sustainable packaging solutions, expansion of green solvents and surfactants, focus on carbon-neutral chemical manufacturing, emphasis on transparency and eco-labeling, expansion of bio-based adhesives and sealants, adoption of plant-based chemicals in pharmaceuticals, growth in green chemistry education and training. Major trends in the forecast period include integration of machine learning in green chemistry, advances in green chemistry technologies, technological innovations in biotechnology, development of biodegradable and compostable plastics, utilization of artificial intelligence in green chemistry.
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Which major companies dominate the green chemicals market?
Major companies operating in the green chemicals market include Cargill Inc., BASF SE, Mitsubishi Chemical Holdings Corporation, BioAmber Inc., DuPont de Nemours Inc., Arkema Group, Koninklijke DSM N.V., Evonik Industries AG, Total Corbion PLA, Elevance Renewable Sciences Inc., Amyris Inc., Genomatica Inc., LanzaTech Inc., Novomer Inc., Verdezyne Inc., Myriant Corporation, Sila Nanotechnologies Inc., Bayer Material Science AG, Ambient Photonics Inc., NatureWorks LLC, Gevo Inc., Checkerspot
What trends will shape the future of the graphite electrode market?
Technological advancements are a key trend gaining popularity in the green chemicals market. Major companies operating in the green chemicals market are adopting new technologies, such as Praedicat’s unique technology, to sustain their position in the market. For instance, in May 2022, VelocityEHS, a US-based software company, launched the Green Chemistry Offering to continuously evaluate and update the risk profile of in-use chemicals based on the potential for harm using Praedicat’s unique technology to scan thousands of scientific journals in real-time actively. Customers will get rapid and straightforward access to predicted risk profiling for chemicals, allowing them to choose safer options before the competition.
Which region dominates the green chemicals market, and what factors contribute to its leadership?
Europe was the largest region in the green chemicals market in 2024. The regions covered in the green chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the green chemicals market segmented, and which segment holds the largest share?
The green chemicals market covered in this report is segmented –
1) By Type: Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers, Other Types
2) By Technology: Bioprocessing, Fermentation, Enzymatic Processes, Metabolic Engineering, Other Technologies
3) By Raw Materials: Agricultural Waste, Biomass, Microorganisms, Sugar And Starch Crops, Other Raw Materials
4) By Applications: Construction, Healthcare, Pharmaceuticals And Personal Care Products, Packaging, Food And Beverages, Paints And Coatings, Automotive, Agriculture, Other Applications
Subsegments:
1) By Bio-Alcohols: Ethanol, Butanol, Propanol
2) By Bio-Organic Acids: Lactic Acid, Acetic Acid, Citric Acid
3) By Bio-Ketones: Acetone, 2-Pentanone
4) By Biopolymers: Polylactic Acid (PLA), Polyhydroxyalkanoates (PHA)
5) By Other Types: Surfactants, Solvents, Lubricants
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How is the green chemicals market defined?
Green chemicals refer to environmentally friendly chemicals that focus on designing chemical products and processes that minimize or eliminate the use and generation of hazardous substances throughout their entire life cycle. Green chemicals reduce the use or age of dangerous substances, prevent pollution, and promote sustainability.
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