Green Chemical Market Trends, Future Growth Predictions and Top Manufacturers: BioAmber Inc., Braskem SA, Cargill Inc., DSM NV, DuPont Industrial Biosciences, INEOS Group Ltd., Myriant Technologies LLC, Novozymes A/S, Aemetis, Agrisoma

Meticulous Research® – leading global market research company published a research report titled “Green Chemical Market by Type (Bioethanol, Sugar and Starch, Animal Fats, Vegetable Oils), Application (Healthcare, Food Processing, Construction, Automobiles), and Region - Global Forecast to 2025’’.

Green Chemical Market

The green chemical market study presents historical market data in terms of value (2017 and 2018), estimated current data (2019), and forecasts for 2024 - by type and application. The study also evaluates industry competitors and analyzes the market at regional and country level.

The key factors driving the growth of this market are scarcity of non-renewable resources, increasing alcoholic consumption, nature of being less harmful to the environment than the petroleum-based production of chemicals, high resistance to climatic changes, and low maintenance and operational costs. However, the factors such as lack of awareness in developing countries regarding bio-based feedstock, higher timelines for the intended application, higher price range, and less availability of the products are expected to hinder the growth of this market to some extent. On the other hand, lack of availability of raw material and lack of commercialization of green chemicals are the key challenges of this market.

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Green Chemical Market Key Players

The major players operating in the global green chemical market are BioAmber Inc., Braskem SA, Cargill Inc., DSM NV, DuPont Industrial Biosciences, INEOS Group Ltd., Myriant Technologies LLC, Novozymes A/S, Aemetis, Agrisoma, Albemarle, Algae.Tec, BASF SE, BioArchitecture Lab, BioProcess Algae, Cellana, Ceres, Chemrec, Dyadic, Ecosynthetix, Global Bioenergies, and Glycos Biotechnologies.

Green Chemical Market Future Outlook

Various government initiatives and regulations create a conducive environment for growth of the green chemicals market. The U.S. Environment Protection Agency (EPA) and the American Chemical Society (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.

Asia-Pacific: The Fastest Growing Regional Market

North America commanded the largest share of the global green chemical market in 2018, followed by Europe, Asia-Pacific, Latin America, and Middle East & Africa. However, Asia-Pacific is the fastest growing regional market due to the rising population, high disposable income, rising demand for alcoholic beverages from countries such as China and India, and abundant availability of feedstock such as palm oil, waste oil, and animal fat.

Analysis of Market Segments

The global green chemical market is segmented by Type (Bioethanol, Sugar & Starch, Animal Fats, Vegetable Oils), Application (Healthcare, Food Processing, Construction, Automobiles), and Geography.

Based on Type, bioethanol segment commanded the largest market share of the green chemical market in 2018, owing to the increasing use in alcoholic beverages, pharmaceuticals, and cosmetics. Bioethanol is majorly used as a fuel substitute for petroleum fuel. Bioethanol fuel is eco-friendly. It has significantly lower emissions than coal and gasoline which harm the environment.

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Green Chemical Market Segmentation:

Green Chemical Products

• Bioethanol
• Sugar & Starch
• Animal Fats
• Vegetable Oils
• Others

Green Chemical End Use Industries

• Healthcare Industries
• Food Processing Industries
• Construction Industries
• Automobiles Industries

Green Chemical Segmentation by Geography

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa

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