Green Chemical Market Report

The global Green Chemical market is expected to benefit from growing demand for sustainable products. Green Chemicals, also known as bio-based chemicals, can fulfil the increasing demand for energy without having any adverse impacts on the environment. Green Chemicals are produced with the help of bio-based raw materials including sugar and starch, vegetable oils, animal fats, and bio-ethanol.

Manufacturers are aiming at introducing products with the help of principles of green chemistry. For instance, DuPont has recently announced that it would aim to design all its products as well as processes making use of the 12 principles of green chemistry by 2030. The company also seeks to expand its portfolio that is ‘safer by design’. Sustainable innovation and product safety are the two major aspects they will be dealing with.

Novel Product Development to emerge as a key Strategy among Players

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

Key players are developing novel products in order to fulfil the requirements of the end-user industries. For instance, lately, DuPont Industrial Biosciences was awarded with Taiwan’s inaugural National Green Chemistry Award for the innovation of versatile Sorona® polymer. The polymer was recognised for its eco-efficiency, exceptional softness, high performance, low energy consumption, and durability. This invention demonstrated DuPont’s commitment to the innovation of sustainable products.

Widening Application Scope of Green Chemicals to Drive the Market

Increasing Usage of Green Chemicals in the end-user industries such as packaging, construction, automotive, and agriculture is a key factor driving the Green Chemical market. Strict government regulations are propelling the chemical manufacturers to use bio-based raw materials while producing end products.

Increasing investment in research and development activities by the manufacturers to play a key role in driving the market to a great extent.  Evolution of green chemistry in the chemical industry is one of the key trends emerging in the Green Chemical market.

Market Segmentation

By Type

●  Bioethanol

●  Animal Fats

●  Sugar and Starch

●  Vegetable Oils

By Application

●  Healthcare

●  Construction

●   Food Processing

●   Automobiles

The research analysts have predicted that the usage of Bioethanol is expected to witness a surge in the years to come owing to its eco-friendly property and widespread application. Demand for Green Chemicals is likely to upsurge in the construction industry in the forthcoming years. The automobiles industry is anticipated to emerge as a key application on account of increasing manufacturing of green electronics for a sustainable future.

By Region

Presence of leading companies and surge in the demand for sustainable products could support the Green Chemical market growth in North America. Government initiatives and dearth of non-renewable sources are some of the key factors driving the Green Chemical market in Asia Pacific. Europe is likely to emerge as a lucrative regional market in the near future.

The chemicals and materials sector has been witnessing an exponential rise in the past few years. The industrial boom and infrastructural growth across the globe has had a positive impact on the chemical and materials industry. Chemicals are an integral part of many industries, which, over the years, have created lucrative opportunities for players. Similarly, materials are an indispensable part of myriad industries. The rise of the chemicals and materials sector has been mapped by QYR Consulting through exhaustive research reports.

Analysts have used investigative approach to deduce important elements pertinent to the industry. The reports are aimed towards giving the reader a holistic approach about the industry’s development and future scenario. Competitive landscapes have been written with in-depth analysis of the historical data and careful understanding of the management styles. QYR Consulting aims to provide the readers a guided approach towards making well-informed business decisions through its research reports.