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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Green Chemicals Market Growth
Green chemicals are chemicals manufactured using processes that eliminate harmful substances, ensuring environmental friendliness throughout their life cycle. This environmentally benign approach is a key driver behind the growth of the green chemicals market.
With growing concerns regarding rapid climate change, depleting fossil fuel reserves, and high chemical pollution, the demand for green chemicals that are eco-friendly and do not originate from petrochemical resources is surging. The increasing focus on sustainability in various end-use sectors, including food and beverage and packaging among others is also propelling the green chemicals market demand.
Green Chemicals Market Report Snapshots
Green Chemicals Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of nearly USD 112.88 billion in 2023.
The market is estimated to grow at a CAGR of 9.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 259.70 billion.
The increasing demand for green chemicals in various end-use sectors, stringent regulations of multiple governments aimed towards curbing the emission of hazardous industrial gases, and increasing demand for bioethanol from several sectors are the major drivers of the market.
The key trends in the market include the growing research and development activities by leading chemical manufacturers to create new sustainable production methods and rapid industrialisation across emerging economies.
Based on the product, the market is divided into bio-alcohols, bio-organic acids, bio-ketones, biopolymers and others.
Based on the application, the market is divided into food and beverages, paints and coating, packaging, automotive, construction, and pharmaceuticals, among others.
The market's key players are BASF SE, Arkema Group, Mitsubishi Chemical Corporation, InKemia Green Chemicals, Inc., BioLogiQ, Inc., GFBiochemicals Ltd., Plantic Technologies Limited, VertecBioSolvents Inc., Conagen, Inc., and Global Green Chemicals Public Company Limited, among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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