Report ID: SQMIG15B2112
Green Chemicals Market Size, Share, Growth Analysis, By Type (Bio-Alcohols (Bio-Ethanol, Bio-Butanol, Bio-Methanol, Others)), By Application (Industrial & Chemical, Food & Beverages, Pharmaceuticals, Packaging), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2112 |
Region:
Global |
Published Date: July, 2024
Pages:
238
|
Tables:
128 |
Figures:
77
Green Chemicals Market Competitive Landscape
Green Chemical manufacturers should focus on minimizing the risks and costs associated with production to maximize their profits. Developing new green chemicals with better finishes and prints to attract new customers will also be a key strategy for all green chemical companies. Creating green chemicals with sustainable materials could also pay off big time for green chemical manufacturers in the long run. Launching new products will help green chemical providers stay competitive in this highly saturated market.
Top Player’s Company Profiles in Green Chemicals Industry
- Mitsubishi Chemical Corporation (Japan)
- Plantic Technologies Limited (Australia)
- Toray Industries Inc. (Japan)
- Arkema Group (US)
- Vertec BioSolvents Inc. (US)
- Total Corbion PLA (Netherlands)
- DuPont de Nemours, Inc. (US)
- Evonik Industries AG (Germany)
- SECOS Group Ltd (Australia)
- Solugen (US)
- DUDE CHEM (US)
- Albemarle Corporation (US)
- Gujarat Alkalies and Chemicals Limited (India)
- GFBiochemicals Ltd. (France)
- Dow Chemical Company (US)
- GREENCHEMICALS Spa (Japan)
- Cargill, Incorporated (U.S.)
- Inkemia Green Chemicals (US)
- Novamont Spa (Italy)
- PCC SE (Germany)
Green Chemicals Market Report Snapshots
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Global Green Chemicals Market size was valued at USD 35.49 Billion in 2022 and is poised to grow from USD 38.43 Billion in 2023 to USD 72.56 Billion by 2031, at a CAGR of 8.27% over the forecast period (2024–2031).
Green Chemical manufacturers should focus on minimizing the risks and costs associated with production to maximize their profits. Developing new green chemicals with better finishes and prints to attract new customers will also be a key strategy for all green chemical companies. Creating green chemicals with sustainable materials could also pay off big time for green chemical manufacturers in the long run. Launching new products will help green chemical providers stay competitive in this highly saturated market. 'Mitsubishi Chemical Corporation (Japan) ', 'Plantic Technologies Limited (Australia) ', 'Toray Industries Inc. (Japan) ', 'Arkema Group (US) ', 'Vertec BioSolvents Inc. (US) ', 'Total Corbion PLA (Netherlands) ', 'DuPont de Nemours, Inc. (US) ', 'Evonik Industries AG (Germany) ', 'SECOS Group Ltd (Australia) ', 'Solugen (US) ', 'DUDE CHEM (US) ', 'Albemarle Corporationâ¯(US) ', 'Gujarat Alkalies and Chemicals Limited (India) ', 'GFBiochemicals Ltd. (France) ', 'Dow Chemical Company (US) ', 'GREENCHEMICALS Spa (Japan) ', 'Cargill, Incorporated (U.S.) ', 'Inkemia Green Chemicals (US) ', 'Novamont Spa (Italy) ', 'PCC SE (Germany) '
The rising number of advancements in green technology and chemistry is fueling the development of highly effective and cost-efficient green chemicals. Modernizations like renewable feedstocks, biocatalysis, and energy-efficient procedures are improving the accessibility of green chemicals.
The inclination towards bio-based renewable resources and feedstocks is one of the latest trends seen in the green chemicals market. Green chemicals obtained from agriculture waste, biomass, and other renewable materials are gaining popularity due to their potential to replace traditional unsustainable chemicals and lower reliance on limited resources.
Region-wise, Europe dominated the green chemicals market and is expected to lead over the forecast period, owing to exhaustive sustainability objectives. Several European nations along with the EU have imposed numerous sustainability objectives to lower emissions of greenhouse gases, expand renewable energy uses, and encourage economic principles. Green chemicals are important to achieve these objectives, resulting in major developments and investments in the region. The companies operating in Europe include LyondellBasell Industries, Linde, Toray Industries, Yara International, Hanwha Solutions, and more.
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