Global Green Chemical Market

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 2025-2032


Report ID: SQMIG15B2112 | Region: Global | Published Date: July, 2024
Pages: 238 | Tables: 128 | Figures: 77

Green Chemicals Market Insights

Green Chemicals Market size was valued at USD 38.43 Billion in 2023 and is poised to grow from USD 41.61 Billion in 2024 to USD 78.56 Billion by 2032, growing at a CAGR of 8.27% during the forecast period (2025-2032).

The green chemicals market has witnessed significant growth in the recent past due to increasing consumer demand and corporate sustainability goals. Consumers are today actively inclining towards products that are eco-friendly and highly sustainable. This inclination is propelling businesses to create more green chemicals to fulfill the demands of consumers and improve their brand names. Companies are also setting up ambitious goals for sustainability. This comprises minimizing carbon footprint and a drop in the use of dangerous substances. However, higher production costs are impeding the growth of the market. Green chemicals need renewable feedstocks or improved technologies, which might be costlier than traditional chemical processes. This results in high production costs and high costs for users. Yet, the market is opportune for advancements in green chemistry. Also, investments in superior technologies are another opportunity for the producers. 

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Green Chemicals Market size was valued at USD 38.43 Billion in 2023 and is poised to grow from USD 41.61 Billion in 2024 to USD 78.56 Billion by 2032, growing at a CAGR of 8.27% during the forecast period (2025-2032).

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 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) '

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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Global Green Chemical Market

Report ID: SQMIG15B2112

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