Global Green Chemicals Market Key Players, Size, Growth, Report, Trends, Share, Forecast 2024-2032

According to the report by Expert Market Research (EMR), the global green chemicals market size reached a value of USD 102.90 billion in 2023. Aided by the rising demand for environmentally friendly solutions and the expanding applications of green chemicals across various industries, the market is projected to further grow at a CAGR of 9.7% between 2024-2032 to reach a value of USD 179.33 billion by 2032.

Green chemicals, also known as bio-based chemicals, are derived from renewable resources and are developed to reduce the environmental impact associated with traditional chemicals. These include bioethanol, biopolymers, bio-based solvents, organic acids, and others. Apart from their eco-friendly attributes, green chemicals offer superior performance and reduced health hazards, making them valuable in a wide range of industrial applications such as plastics, packaging, detergents, and fertilisers.

The increasing global focus on sustainable solutions is a key driver of the green chemicals market growth. With growing awareness about environmental degradation and the harmful effects of traditional chemicals, there has been a significant shift towards greener alternatives. This shift is reflected in industries seeking environmentally responsible solutions and consumers opting for greener products, leading to a surge in demand for green chemicals.

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The health and wellness trend has further boosted the popularity of green chemicals. As these chemicals are typically safer and present fewer health risks compared to their conventional counterparts, they are increasingly being used in products such as cosmetics, personal care items, and food packaging, enhancing the market prospects.

The broadening applications of green chemicals across different industries play a crucial role in accelerating green chemicals market demand. In the plastics industry, bio-based polymers derived from green chemicals are used to create biodegradable packaging. The agriculture sector uses green chemicals to produce safer fertilisers and pesticides. Moreover, green solvents and cleaners are gaining traction in the industrial cleaning sector due to their reduced environmental and health impacts.

Furthermore, the rising demand for organic and natural alternatives in the food and beverage industry has increased the focus on green chemicals as potential ingredients. With growing consumer preference for natural, organic, and clean label products, green chemicals are being leveraged to formulate a range of food additives, preservatives, and packaging materials, thereby driving green chemicals market expansion.

Green Chemicals Market Segmentation

The market can be divided based on product, application, and region.

Market Breakup by Product

Bio-alcohols
Bio-organic Acids
Biopolymers
Others

Market Breakup by Application

Food and Beverages
Paints and Coating
Packaging
Automotive
Construction
Pharmaceuticals
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Competitive Landscape of Green Chemicals Market

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global green chemicals companies. Some of the major key players explored in the report by Expert Market Research are as follows:

BASF SE
Arkema Group
Mitsubishi Chemical Corporation
InKemia Green Chemicals, Inc.
BioLogiQ, Inc.
GFBiochemicals Ltd.
Plantic Technologies Limited
VertecBioSolvents Inc.
Conagen, Inc.
Global Green Chemicals Public Company Limited
Others

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