What is the global market size of Green Chemical Market?

Global Green Chemical Market was valued at USD 97.8 billion in 2022 and is poised to grow from USD 108.3 billion in 2023 to USD 244.16 billion by 2031, growing at a CAGR of 10.7% in the forecast period (2024-2031).

What is the key driver of Global Green Chemical Market?

One significant obstacle hindering the growth of the green chemicals market is the scarcity of raw materials. The production of green products heavily relies on the availability of bio-resources such as vegetable oils, sugars, and animal fats. However, a significant hurdle arises from the diminishing agricultural output caused by the gradual depletion of arable land. Factors such as rapid industrialization, population growth, and urbanization compound the problem by contributing to the reduction of arable land area. This exacerbates the already challenging scenario, making it difficult to meet the demand for green chemicals and hindering market growth.

What is the key market trend for Global Green Chemical Market?

R&D efforts have significantly increased to expand the use of green chemicals in a variety of industries, including textiles. For instance, Dow, one of the largest chemical producers, is concentrating on growing its product line in the areas of advanced materials and agriculture and is also increasing its R&D spending on biomaterials. To maintain competitive advantages and increase market share, other manufacturers like DSM and Cargill have placed a strong emphasis on new product innovations and developments. Manufacturers are now able to produce more environmentally friendly goods for their customers thanks to these initiatives.

Which region accounted for the largest share in Global Green Chemical Market?

In 2023, North America emerged as the largest market region, solidifying its dominance through a combination of stringent environmental regulations, an extensive network of green infrastructure, and a robust commitment to sustainability across key industries. Sectors such as automotive, packaging, and healthcare exhibited a consistent demand for green chemicals in the region, driven by both market preferences for eco-friendly products and companies' strategic goals for sustainability. Moreover, collaborative efforts between industry players, research institutions, and government bodies has fostered innovation and adoption of groundbreaking green chemical technologies, further propelling market expansion. With such momentum, North America is poised to maintain its market leadership through the forecast years of 2024-2031.

Top Green Chemicals Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Green Chemicals Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Green Chemicals industry players.

Green Chemicals Market Competitive Landscape

Global Green Chemical Market is fragmented due to the presence of several players who adopt strategies, such as mergers and acquisitions to increase their market dominance and consumer base. Major players include Arkema Group, BASF SE, Evonik Industries AG, GFBiochemicals Ltd., Koninklijke DSM N.V., among others. Key players are working on innovation and new product development to capture consumer interest and create a brand image in the minds of the consumers.

Green Chemical Market Top Player's Company Profiles

BASF SE
Dow Chemical Company
E.I. Du Pont De Nemours and Company
Archer Daniels Midland Company
BioAmber Inc.
Cargill, Incorporated
INEOS Group AG
Braskem SA
Mitsubishi Chemical Corporation
Royal DSM N.V.
The Lubrizol Corporation
Solvay SA
Corbion NV
NatureWorks LLC
Genomatica Inc.
Amyris, Inc.
Novozymes A/S
Croda International PLC
Huntsman Corporation
Stepan Company

REPORT OVERVIEW BUY NOW

REQUEST FOR SAMPLE

Want to customize this report?

REQUEST FREE CUSTOMIZATION

FAQs

Global Green Chemicals Market size was valued at USD 42.51 Billion in 2024 and is poised to grow from USD 46.34 Billion in 2025 to USD 92.33 Billion by 2033, growing at a CAGR of 9% during the forecast period (2026–2033).

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. 'Archer Daniels Midland Company', 'Cargill, Incorporated', 'BASF SE', 'Evonik Industries AG', 'Braskem SA', 'Arkema Group', 'Vertec BioSolvents Inc.', 'Total Corbion PLA', 'DuPont de Nemours, Inc.', 'Evonik Industries AG', 'SECOS Group Ltd', 'Solugen', 'DUDE CHEM', 'Greenchemicals S.r.l.', 'Novozymes A/S', 'Inkemia Green Chemicals', 'Versalis (Novamont Spa)', 'PCC Group', 'Stepan Company', 'Croda International PLC'

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Luca Giovannini, Marketing Innovation Senior Manager, Trelleborg.

Top Green Chemicals Companies

Green Chemicals Market Competitive Landscape

FAQs

What is the global market size of Green Chemicals Market?

Who are the key vendors in the Green Chemicals Market?

What is the key driver of Green Chemicals Market?

What is the key market trend for Green Chemicals Market?

Which region accounted for the largest share in Green Chemicals Market?

Request Free Customization