Global Green Chemicals and Materials Market Insights Forecasts to 2030

• The global Green Chemicals and Materials Market was valued at USD 104.72 billion in 2021.
• The market is growing at a CAGR of 8% from 2021 to 2030
• The global Green Chemicals and Materials Market is expected to reach USD 209.3 billion by 2030
• The Asia Pacific is expected to grow the fastest during the forecast period

The global Green Chemicals and Materials Market is expected to reach USD 209.3 billion by 2030, at a CAGR of 8% during the forecast period 2021 to 2030. The term "green chemicals" refers to a specific category of substances that do not include any components known to be harmful to the health of humans and the environment. These environmentally friendly chemicals are becoming increasingly popular in the building and construction industry due to the numerous advantages they provide. Some of these advantages include protection from natural disasters, resistance to climatic changes, minimal consumption of cement and water, resistance to chemicals, and high levels of durability and strength.

Market Overview:

Green chemicals, also known as bio-based chemical substances, occur naturally in infinite quantities and are produced using feedstock derived from biological sources. They pose a lower threat to the environment compared to the synthesis of chemical compounds that are based on oil. Green chemical compounds are formed mostly by crude materials, which use numerous outstanding natural resources. Starch, sugar, animal fat, vegetable oils, and bio-ethanol are some of the primary raw materials employed in producing environmentally friendly chemical compounds.

The term "development chemical compounds" refers to the chemicals added in specific amounts to the concrete or cement throughout the construction process to fulfill the aesthetic, functional, or design requirements of every given structure. Green chemicals do not include any components that are hazardous to the health of humans or the environment. These advantages include the ability to withstand climatic changes, substance resistance, and insurance from natural factors such as fire and warmth, amongst other benefits. These are employed in forming a variety of framework projects, including private and commercial ones, contemporary ones, and others. The process of urbanization has resulted in a full cycle of expansion and technological improvement across the board.

Report Coverage

This research report categorizes the global green chemical and materials market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global green chemicals and materials market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global green chemicals and materials market sub-segments.

Segmentation Analysis

• In 2021, the Bio-Organic Acids segment dominated the market with the largest market share of 30% and market revenue of 31.41 billion.

Based on the material, the Green Chemicals and Materials Market is categorized into Bio- Polymers, Bio- Organic Acids, Bio – Alcohols, and Bio- Ketones. In 2021, the bio-organic acids segment dominated the market with the largest market share of 60% and market revenue of 31.41 billion. The sources of bio-organic acids may be divided into microbes, plants, and animals. Bio-organic acids are found everywhere in nature. The biological production of a variety of bio-organic acids, particularly those of bacterial and fungal origin, offers a clear cost advantage over the chemical synthesis of these acids. These bio-organic acids produced major industrial products. Because of this factor, this segment has a dominant position.

• In 2021, the Automotive segment accounted for the largest share of the market, with 21% and market revenue of 21.99 billion.

Based on application, the Green Chemicals and Materials Market is categorized into Construction, Personal Care, Automotive, Packing, Agriculture, Textiles, and Food & Beverages. In 2021, automotive dominated the market with the largest market share of 21% and market revenue of 21.99 billion. In the global market for green chemicals and materials, it is estimated that the automotive sector will have a substantial growth rate over the course of the forecast period. The automotive industry is now witnessing a revolution in the manner in which electricity and hydrogen are being used to provide power to automobiles and other types of vehicles.

Regional Segment Analysis of the Green Chemicals and Materials Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Among all regions, Europe emerged as the largest market for the global green chemicals and materials market, with a market share of around 39% and 104.72 billion of the market revenue in 2021.

• In 2021, Europe emerged as the largest market for the global green chemicals and materials market, with a market share of around 39% and 104.72 billion of the market revenue. During the estimated time under consideration, the market for environmentally friendly synthetic chemicals and materials is led by Europe. Due to the region's significant interest in creative work, it is among the first to embrace a greener economy for various applications. This is one reason the region is considered a leader in this field. Additionally, it is anticipated that the support for these environmentally friendly activities from various organizations will also make this region dominant in terms of tourism in the future.
• The Asia Pacific market is expected to grow at the fastest CAGR between 2022 and 2030. During the forecast, it is anticipated that Asia-Pacific will see growth. The enormous production of environmentally friendly chemicals and materials in India and China will continue to be the primary factor driving market expansion; nevertheless, exports to Western nations will boost the revenues of the regional market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global green chemicals and materials market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• BASF SE
• Arkema Group
• Evonik Industries AG
• BiologiQ Inc
• Dongguan Xinhai Environmental-Friendly Material Co., Ltd
• Mitsubishi Chemical Corporation
• Toray Industries Inc.
• Vertec Biosolvents, Inc.
• Ecovia Renewables, Inc.
• Koninklijke DSM N.V.
• GFBiochemicals Ltd.
• Plantic Technologies Limited
• Total Corbion PLA
• Secos Group Ltd.
• USG Corporation

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Recent Development

• In June 2021, JSW Cement Limited used screen slag during the concreting process instead of river sand, which helps save natural resources and avoids landslides, floods, and air pollution.
• In October 2019, Braskem made the announcement that it would be launching its new recycled polypropylene with the slogan "I'm green" in the United States. This commitment was made as part of the company's commitment to helping transform the plastics chain from a linear economy into a circular economy.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global green chemicals and materials market based on the below-mentioned segments:

Global Green Chemicals and Materials Market, By Materials

• Bio- Polymers
• Bio-Organic Acids
• Bio – Alcohols
• Bio- Ketones

Global Green Chemicals and Materials Market, By Application

• Construction
• Personal Care
• Automotive
• Packing
• Agriculture
• Textiles
• Food & Beverages

Global Green Chemicals and Materials Market, Regional Analysis

• North America
  • THE US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

• Driver-   Low maintenance and operational costs
• Restraint- Expensive techniques
• Opportunity- Increasing government investments and initiatives
• Challenge- Sudden population eruption