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, Trends, Analysis, and Forecast Till 2034

Green chemicals market size accounted for USD 143.7 Billion in 2024 and is estimated to be USD 356.6 Billion by 2034 and is anticipated to register a CAGR of 10.5%.

Construction chemicals are referred to as the chemicals that are mixed in specific formulations with concrete and cement in order to meet the design, aesthetic, and functional requirements of an infrastructure. Green chemicals are the kind of chemicals that are devoid of components that can have adverse effect on the environment and on human health. Green chemicals, also known as bio-based chemicals are that are renewable and produced from bio-feedstock. These chemicals are eco-friendly and less harmful as compared to petroleum-based chemicals. The raw materials used in production of green chemicals are vegetable oils, corn, sugarcane, sugar beet, wheat, cassava, and others. These chemicals are widely used in various applications such as construction, automotive, packaging, agriculture, and others.

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. The global market for green chemicals and materials is likely to exponentially expand over the coming years. The components used in green chemicals and materials are derived from recycled products, which enhance the quality of life and does not harm the environment also. These green materials and chemicals promote the preservation of natural non-renewable resources and reduces the certain environmental impact regarding recycling, disposal, transportation, installation, processing, and fabrication. Green materials and chemicals also prevent the buildings from atmospheric pollution.

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. With initiatives like “Make in India”, reforming labor laws, easing the land acquisition rules and GST, India is at the brink of becoming a manufacturing hub for the world. Globalization has led supply chains for the businesses more complex; therefore the joint initiative of ‘Together for Sustainability’ (TfS) by global chemical companies has been introduced to encourage Indian chemical manufacturers and suppliers to implement sustainability practices in their management and manufacturing systems.

Conversely, high cost of end-product as compared to petroleum-based chemicals owing to its complex technology process is anticipated to hamper the growth of the global Green Chemicals market during the forecast period.

Green chemicals market is segmented based on the product, application, and region.

On the basis of the product, the green chemicals market is segmented into bio-alcohols, bio-organic acids, bio-ketones, biopolymers, platform chemicals, and others. Based on application, the target market is categorized into construction, healthcare, pharmaceuticals, packaging, food & beverages, paints & coatings, automotive, agriculture, and others.

Regional Insights:

In the region, the global green chemicals market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. 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. The North America market is expected to account for significant revenue share contribution and projected to dominate in the global green chemicals market in the next 10 years. This is attributable to growing demand for sustainable products, coupled with presence of prominent players in countries in the North America region. The US Environment Protection Agency (EPA), and the ACS Green Chemistry Institute are playing major role in supporting research and education for preventing pollution and reducing the toxic content. These government agencies have recognized that the use of green chemicals will not only make sustainable, and cleaner environment, but can be economically helpful in building positive social environment. Till 2030, the highest CAGR in the industry would be experienced in Asia-Pacific (APAC), as the demand for green chemicals is rapidly escalating in India, China, Thailand, South Korea, and other developing countries. Several industries in this region such as personal care, food & beverages, and automotive, are growing, thus driving the demand for eco-friendly chemicals. In addition, the market in this region is also observing a positive wave due to growing environmental concerns, rapid industrialization, coupled with increasing government initiatives and funding in various industries.

Green Chemicals Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the green chemicals market report based on product, application, and region.

Green Chemicals Market, By Product:

• Bio-Alcohols
• Bio-Organic Acids
• Bio-Ketones
• Biopolymers
• Platform Chemicals
• Others

 Green Chemicals Market, By Application:

• Construction
• Healthcare
• Pharmaceuticals
• Packaging
• Food & Beverages
• Paints & Coatings
• Automotive
• Agriculture
• Others

Green Chemicals Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating in the green chemicals market include 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 prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition. For instance, in September 2020, Arkema announced Partner of the ZEBRA (Zero waste Blade Research) project driven by IRT-Jules Verne, which brings together leading players and technical centers around an ambitious project addressing the design and production of the first 100% recyclable wind turbine blade. Arkema is strengthening its position as a key player in the thermoplastic composite market with its Elium resin. This resin is perfectly in line with the circular economy approach that the Group has initiated for both its operations and its products.

• AbengoaAura Biotechnologies
• Arkema Group
• BASF SE
• Avantium N.V.
• BiologiQ Inc.
• BioAmber Inc.
• Cardia Bioplastics
• Butamax Advance Biofuels LCC
• Evonik Industries AG
• Dongguan Xinhai Environmental-Friendly Material Co. Ltd.