About Green Chemicals
Green chemicals or bio-based chemicals refer to renewable chemicals produced from bio-based feedstock. These chemicals are less harmful and are produced primarily using raw materials, which use fewer natural resources, maintaining the environmental balance.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Manufacturers may focus on sourcing raw materials from sustainable and renewable sources. This strategy involves ensuring that the feedstock used for producing green chemicals is environmentally friendly and does not contribute to deforestation or other harmful practices. Apart from this, the players explore new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Green Chemicals market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE (Germany), BioAmber Inc. (United States), Braskem (Brazil), Danimer Scientific (United States), Mitsubishi Chemical Corporation (Japan), Myriant Corporation (United States), Synbra Holding bv (Netherlands), NatureWorks LLC (United States), DSM (United States), Corbion (Netherlands), Cargill (United States), DuPont Industrial Biosciences (United States) and INEOS Group (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mitsui & Co., Ltd. (Japan), Zhejiang Hisun Biomaterials Co., Ltd (China), TEIJIN LIMITED (Japan), Koninklijke DSM N.V. (Netherlands) and PTT Global Chemical Public Company Limited (Thailand).
Segmentation Overview
AMA Research has segmented the market of Global Green Chemicals market by Type (Bio-Ethanol, Sugar & Starch, Animal Fats, Vegetable Oils and Others) and Region.
On the basis of geography, the market of Green Chemicals has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Healthcare Industries will boost the Green Chemicals market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Sustainable and Environmentally Friendly Solutions
Market Growth Drivers:
Low Maintenance in Green Chemical and Growing Environmental Concerns & the Rising Demand for Bioethanol
Challenges:
Lack of Awareness and Commercialization Regarding Bio-based Products
Restraints:
Stringent Government Rules and Regulations
Opportunities:
Potential Growth in Emerging Countries
Market Leaders and their expansionary development strategies
In 2015, BioAmber acquired the assets of DNP Green Technology, a company specializing in the development and commercialization of bio-based chemicals. This acquisition expanded BioAmber's product portfolio and enhanced its capabilities in producing bio-based chemicals.
In May 2018, BASF SE signed an agreement with Huafon Group for the development of bio-fiber in China. and In October 2017, BASF SE opened a new plant for the production of bio-catalyzed acrylamide (BioACM) in Nanjing Chemical Industrial Park, China.
In the European Union, the European Chemicals Agency (ECHA) oversees the implementation of the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) regulation. REACH aims to ensure the safe use of chemicals, including green chemicals, within the European market.
Key Target Audience
Chemical Industries, Regulatory Bodies, End-user Industries, Governmental Bodies, Potential Investors, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.