Green Chemicals Market is estimated to be 356.6 billion by 2034 with a CAGR of 10.50% during the forecasted period.

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Published Date: February 2024

green chemicals market accounted for US$ 143.7 billion in 2024 and is estimated to be US$ 356.6 billion by 2034 and is anticipated to register a CAGR of 10.50%.

The report "Green Chemicals Market, By Product (Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers, Platform Chemicals, and Others), By Application (Construction, Healthcare, Pharmaceuticals, Packaging, Food & Beverages, Paints & Coatings, Automotive, Agriculture, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034”.

Key Highlights:

In September 2020, BASF unveiled innovative solutions for the fashion industry at the Intertextile Shanghai Apparel Fabrics Autumn 2020 edition. The booth themed “Athleisure” will showcase solutions that help the fashion industry fabricate comfortable body-shaping apparel with improved durability and elasticity from September 23 – 25, 2020.
In September 2020, BASF has introduced its innovative DURA-COLOR Technology, an anti-aging paint concept that helps protect paint from deterioration over a long period. This revolutionary binder technology is built to deliver durable performance for exterior paints, especially in terms of color and cleanness.

Analyst View:

Environment friendly

According to ACS Green Chemistry Institute, in many key applications, the green chemicals are paving their way in replacing many toxic chemicals. In the manufacturing of computer chips, a large amount of toxic chemicals, energy, and water is required. Owing to this, the scientists at the Los Alamos National Laboratory have developed a technology that uses critical carbon dioxide (CO2) in the manufacturing of computer chips, and has significantly reduced the amount of energy, water, and toxic chemicals that were needed to manufacture these chips.

High demand from end-user industry and government initiatives

Growing demand for green chemicals in various applications such as construction, packaging, automotive, and others owing to its properties is a major factor expected to drive growth of the global green chemicals market in the next coming years. Additionally, growing awareness among consumers for sustainable products is another factor expected to further fuel growth of the global market to a significant extent. Increasing government initiatives and investments for green city in developed as well as developing countries, coupled with rising demand for green chemicals in various infrastructural plans, and volatility in oil prices, are factors further boosting demand for green chemicals in the target market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Green Chemicals Market”, By Product (Bio-Alcohols, Bio-Organic Acids, Bio-Ketones, Biopolymers, Platform Chemicals, and Others), By Application (Construction, Healthcare, Pharmaceuticals, Packaging, Food & Beverages, Paints & Coatings, Automotive, Agriculture, and Others),and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2034

Key Market Insights from the report:

Green chemicals market accounted for US$ 143.7 billion in 2024 and is estimated to be US$ 356.6 billion by 2034 and is anticipated to register a CAGR of 10.50%. The market report has been segmented on the basis of Product, application, and region.

By product, the bio-alcohols segment is expected to account for significant growth in terms of revenue in the target market, owing to its wide usage in various applications and eco-friendly property.
By application, the construction segment is projected to register highest revenue growth in the target market. This is due to increasing demand for green chemicals in construction industry, as it is sustainable and can be easily recycled.
By region, Europe is the largest green chemicals market, as the concerns regarding the environment are quite strong here and governments of numerous regional countries are offering their support for the usage of eco-friendly chemicals in various end-use sectors.

Competitive Landscape:

The prominent player operating in the global green chemicals market includes AbengoaAura Biotechnologies, Arkema Group, BASF SE, Avantium N.V., BiologiQ Inc., BioAmber Inc., Cardia Bioplastics, Butamax Advance Biofuels LCC, Evonik Industries AG, and Dongguan Xinhai Environmental-Friendly Material Co. Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered