The term "Green Biochemicals Market" refers to a sector of the chemical industry that focuses on the development, production, and commercialization of chemical compounds derived from renewable biomass sources. It combines principles of green chemi ....see more
The eco-friendly plasticizers market is expected to grow from USD 1.65 billion in 2024 to USD 2.62 billion by 2030, at a CAGR of 6.7% during the forecast period. The eco-friendly plasticizers market report comprises key manufacturers such as BASF (Germany), Eastman Chemical Company (US), Evonik Industries AG (Germany), Lanxess (Germany), Dow Chemical Company (US), DIC Corporation (Japan), Cargill, Incorporated. (US), Arkema Group (France), LG Chem (South Korea), Valtris Specialty Chemicals (US) among others.
The bioresorbable polymers market is expected to grow from USD 500.0 million in 2024 to USD 867.2 million by 2029, at a CAGR of 11.6% during the forecast period. The key players profiled in the report include Corbion (Netherlands), Evonik Industries AG (Germany), Foster Corporation (US), KLS Martin Group (Germany), DSM Biomedical (US), Ashland Global Holdings Inc. (US), Zeus Company LLC (US), Seqens (France), Reva Medical, LLC (US), and Poly-Med Incorporated (US).
The biodegradable plastics market is expected to grow from USD 9.64 billion in 2024 to USD 33.52 billion by 2029, at a CAGR of 21.3% during the forecast period. To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the biodegradable plastics market. These are NatureWork LLC (US), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Mitsubishi Chemical Group Corporation. (Japan), Biome Bioplastics (UK), Plantic (Australia), FKuR (Germany), Danimer Scientific (US), TORAY INDUSTRIES, INC. (Japan), and Novamont (Italy).
The high purity gas market is expected to grow from USD 34.62 billion in 2024 to USD 48.57 billion in 2029, at a CAGR of 7.0% during the forecast period. Prominent companies include Linde Plc (Ireland), Air Liquide (France), Air Products and Chemicals, Inc. (US), Iwatani Corporation (Japan), Messer SE & Co. KGaA (Germany), Matheson Tri-Gas Inc. (US), Daigas Group (Japan), Nippon Sanso Holdings Corporation (Mitsubishi Chemical Group Corporation, Japan), SOL India Private Limited (India), Ingas (Ukraine), Gruppo SIAD (Italy), Resonac Holdings Corporation (Japan), LLC “Akela-N”(Russia), Alchemie Gases & Chemicals Pvt. Ltd. (India), Bhuruka Gases Limited (India), Chemix Specialty Gases and Equipment (India), Ultra Pure Gases (I) Pvt. Ltd. (India), Coregas (Australia), Seralgaz (Turkey), PurityPlus (US), Woikoski Oy (Finland), Specialty Gases Company Limited (Saudi Arabia), Amar Gases (India), Qingdao Baigong Industrial and Trading Co., Ltd. (China)and among others.
The sustainable tire market is expected to grow from USD 0.12 billion in 2024 to USD 0.39 billion by 2029, at a CAGR of 27.3% during the forecast period. The key players in this market are Evonik Industries AG (Germany), Solvay (Belgium), Cabot Corporation (US), Birla Carbon (India), Orion (Luxembourg), GRP LTD (India), GENAN HOLDING A/S (Denmark), Lehigh Technologies, Inc., (US), PPG Industries, Inc. (US), Jiangxi black cat carbon black Co., Ltd (China).
The bio-butadiene market is expected to grow from USD 58 million in 2024 to USD 94 million by 2029, at a CAGR of 10.1% during the forecast period. The key players in this market SABIC (Saudi Arabia), Michelin (France), Zeon Corporation (Japan), Biokemik (Spain), ETB Catalytic Technologies (Netherlands), Trinseo (US), Genomatica (US), Braskem (Brazil), Versalis (Italy), Synthos (Poland), Lummus Technology (US), INVISTA (US), LanzaTech (US), IFPEN (France), Global Bioenergies (France), Evonik Industries (Germany), Axens (France).
The bioplastics & biopolymers market is expected to grow from USD 15.3 billion in 2024 to USD 45.2 billion by 2029, at a CAGR of 24.2% during the forecast period. NatureWorks LLC (US), Braskem (Brazil), BASF SE (Germany), TotalEnergies Corbion (Netherlands), Novamont S.P.A (Italy), Biome Bioplastics Limited (UK), Mitsubishi Chemical Group Corporation (Japan), Biotec Biologische Naturverpackungen GmbH & Co. (Germany), Plantic Technologies Limited (Australia), and Toray Industries, Inc. (Japan) are the key players in the bioplastics & biopolymers market
The PLGA market is expected to grow from USD 125 Million in 2024 to USD 321 Million by 2030, at a CAGR of 16.6% during the forecast period. Mergers, new product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PLGA market include Evonik (Germany), Corbion NV (Netherlands), Ashland (US), Mitsui Chemicals (Japan), Jinan Digang Bioengineering Co., Ltd. (China), Merck (Germany), Akina, Inc. (US), Nomisma Healthcare Pvt. Ltd. (India), Bezwada Biomedical, LLC (US), CD Bioparticles (US).
The green hydrogen market is expected to grow from USD 1.1 billion in 2023 to USD 30.6 billion by 2030, at a CAGR of 61.1% during the forecast period. Linde plc (Ireland), Guangdong Synergy Hydrogen Power Technology (China), Siemens Energy AG (Germany), H&R Olwerke Schindler (Germany), Cummins and Enbridge Gas (Canada), Wind to Gas Energy GmbH & Co. KG (Germany), Toshiba Energy Systems & Solutions Corporation (Japan), and Nel ASA (Norway) are the leading players in the market. There is significant competition in the green hydrogen market to develop new process technology, lower the manufacturing cost, expand, and increase the use of green hydrogen in the end-use industries. Owing to such opportunities in the industry, companies are aiming to enhance their market shares by adopting various strategies.
The furfural market is expected to grow from USD 662 million in 2023 to USD 767 million by 2028, at a CAGR of 2.9% during the forecast period. Central Romana Corporation (Dominican Republic), Pennakem (US), Silvateam (Italy), Illovo Sugar (South Africa), Hongye Holding Group Corporation Limited (China), KRBL Limited (India), Lenzing AG(Austria), and Merck KGaA (Germany), amongst others, are the key players operating in the furfural market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the furfural market.
The bio-based leather market is expected to grow from USD 107 million in 2023 to USD 216 million by 2028, at a CAGR of 15.0% during the forecast period. The key market players identified in the report are Natural Fiber Welding, Inc. (US), Ananas Anam Ltd. (UK), MycoWorks Inc. (US), Bolt Threads Inc. (US), Modern Meadows (US), Adriano di Marti (Mexico), Ultrafabrics Holdings Co., Ltd. (US), Beyond Leather Materials (Denmark), Fruitleather Rotterdam (Netherlands), and VEGEA (Italy).
The bioethanol market is expected to grow from USD 83.4 billion in 2023 to USD 114.7 billion by 2028, at a CAGR of 6.6% during the forecast period. The bioethanol market comprises major players such as POET LLC (US), Archer Daniels Midland Company (US), Green Plains (US) and Valero Energy (US), Pacific Ethanol (US) The Anderson Inc. (US), Flint Hills Resources (US), Tereos (France) and others are covered in the bioethanol market.
The poly lactic acid (PLA) market is expected to grow from USD 1.5 billion in 2023 to USD 3.3 billion by 2028, at a CAGR of 17.1% during the forecast period. New product launches, acquisitions, investments, and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PLA market include NatureWorks LLC (US), TotalEnergies Corbion (Netherlands), BASF SE (Germany), COFCO (China), Futerro (Belgium), Danimer Scientific (US), Toray Industries Inc. (Japan), Evonik Industries (Germany), Mitsubishi Chemical Corporation (Japan), Unitika Ltd. (Japan)
The wood bio-products market is expected to grow from USD 260.0 billion in 2022 to USD 435.9 billion by 2028, at a CAGR of 9.0% during the forecast period. Acquisitions and partnerships are the major growth strategies adopted by the key players in the market. The key players in the wood bio-products market include UPM-Kymmene Corporation (Finland), Stora Enso (Finland), Lixil Group (Japan), West Fraser (Canada), Weyerhaeuser (US), UFP Industries Inc. (US), Canfor (Canada), Sappi (South Africa), Metsä Group (Finland), and JELD-WEN (US) among others.
The polybutylene adipate terephthalate market is expected to grow from USD 1.5 billion in 2022 to USD 2.8 billion by 2027, at a CAGR of 13.1% during the forecast period. New product launches and expansions are the major growth strategies adopted by the key players in the market. The key global players in the PBAT market include BASF SE (Germany), Novamont S.P.A (Italy), Willeap (South Korea), Kingfa (China), Hangzhou Peijin Chemical Co. Ltd (China), Zhejiang Biodegradable Advanced Material Co. Ltd (China), Anhui Jumei Biotechnology (China), Go Yen Chemical Industrial Co. Ltd (Taiwan), Jinhui Zhaolong Advanced Technology Co. Ltd (China), Mitsui Plastics, Inc (US), and Chang Chun Group (China).
The north america renewable diesel market is expected to grow from USD 12.9 billion in 2022 to USD 49.1 billion by 2044, at a CAGR of 7.1% during the forecast period. The major players are Neste OYJ (Finland), Chevron Renewable Energy Group (U.S.), PBF Energy Inc. (U.S.), Valero Energy Corporation (U.S.), Gevo, Inc. (U.S.) and others are covered in the Renewable diesel market. Expansion, mergers, joint ventures, and the development of novel products are the primary strategies employed by the leading players to build the Renewable diesel market.
The palm methyl ester derivatives market is expected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. Some of the leading players in this market include The Procter & Gamble Company (US), Wilmar International Ltd (Singapore), Musim Mas (Singapore), KLK OLEO (Malaysia), Emery Oleochemicals (US), and Hebei Jingu Plasticizer Co., Ltd. (China), among others.
The green & bio-solvents market is expected to grow from USD 1.2 Billion in 2022 to USD 1.6 Billion by 2027, at a CAGR of 5.6 % during the forecast period. The key market players profiled in the report include Archer Daniels Midland Company (US), BASF SE (Germany), Cremer Oleo (Germany), Solvay (Belgium), Stepan Company (US), Dow Inc. (US), and GF Biochemicals (Netherlands), among others.
The global green and bio polyols market is expected to grow from USD 4.4 billion in 2021 to USD 6.9 billion by 2027, at a compound annual growth rate (CAGR) of 9.5% during the forecast period.The key players BASF SE (Germany), The Dow Chemical Company (US), Cargill, Incorporated (US), Covestro AG (Germany), and Emery Oleochemicals (US)
The global Cellulose acetate market size is projected to reach USD 6.3 billion by 2026, at a CAGR of 4.7% during the projected period. The key players in the market include Eastman chemical Company (US), Solvay, Celanese Corporation (US), Daicel Corporation (Japan), China National Tobacco Corporation (China), Mitsubishi Chemical Holdings (Japan), Sichuan Push Acetati Co. Ltd. (China), Rayonier Advanced Materials Inc. (US), Acordis Cellulosic Fibers Co Ltd (Belgium), Sappi Limited (South Africa). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the cellulose acetate market.
The global 1,3-propanediol market size is expected to grow USD 690.6 million by 2025, at a CAGR of 11.4% during the forecasting period. The key market players profiled in the report include DuPont Tate & Lyle Bio Products Company, LLC (US), Zhangjiagang Glory Biomaterial Co., Ltd. (China), Zouping Mingxing Chemical Co., Ltd. (China), Haihang Industry Company Ltd. (China), Merck KGgA (Germany), Tokyo Chemical Industry Co., Ltd. (Japan), METabolic EXplorer (France), and Sheng Hong Group Holdings Ltd. (China).
The bio-lubricants market is expected to grow from USD 2.0 billion in 2020 to USD 2.4 billion by 2025 at a compound annual growth rate (CAGR) of 4.1% during the forecast period.Key players such ExxonMobil (US), Royal Dutch Shell (Netherlands), Total S.A (France), Cargill Inc. (US), BP (UK), FUCHS Group (Germany), and Panolin AG (Switzerland) have adopted various strategies to strengthen their product portfolios, expand their market presence, and enhance their growth prospects in the bio-lubricants market.
The Europe Biodegradable Polymers Market is expected to grow from USD 403 million in 2019 to USD 829 million by 2024, at a CAGR of 15.5% during the forecast period. NatureWorks LLC (US), BASF SE (Germany), Total Corbion PLA (Netherlands), Mitsubishi Chemical Holdings Corporation (Japan), Biotech (Germany), Novamont S.P.A. (Italy), Biome Bioplastics (UK), Toray Industries (Japan), Bio-On (Italy), and Plantic Technologies (Australia), are the leading biodegradable polymers manufacturers for extrusion coating, in Europe.
The market size for recovered carbon black is projected to grow from the estimated USD 55 million in 2018 to USD 491 million by 2023, at a compound annual growth rate (CAGR) of 55.0% during the forecast period. Recovered carbon black is widely used as an environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber products. The growth of the recovered carbon black market is, therefore, directly associated with the growing demand for environmentally-friendly and sustainable reinforcing filler in tire and non-tire rubber applications.Pyrolyx (Germany), Delta-Energy Group (US), Black Bear Carbon (Netherlands), Scandinavian Enviro Systems AB (Sweden), Klean Industries (Canada), Radhe Group of Energy (India), Alpha Carbone (France), Bolder Industries (US), DRON Industries (Slovakia), DVA Renewable Energy JSC (Vietnam), Enrestec (Taiwan), Integrated Resource Recovery (US), and SR2O Holdings (US).
The cellulose esters market is projected to grow from USD 8.76 billion in 2017 to USD 12.43 billion by 2023, at a CAGR of 6.0% from 2018 to 2023. The growth of the cellulose esters market across the globe is driven by the increasing use of cellulose esters in coatings, films & tapes, and cigarette filters applications. The base year considered for the study on the cellulose esters market is 2017 while the forecast period is between 2018 and 2023. The leading players operating in the cellulose esters market are Eastman Chemical Company (US), Solvay (Belgium), China National Tobacco Corporation (China), Daicel Corporation (Japan), Celanese Corporation (US), Acordis Cellulostic Fibers (US), Sappi (South Africa), Mitsubishi Chemical Holdings Corporation (Japan), Rayonier Advanced Materials (US), and Sichuan Push Acetati (China).
The chitosan market is projected to grow from USD 553.6 Million in 2017 to USD 1,088.0 Million by 2022, at a CAGR of 14.5% between 2017 and 2022. The increasing use of chitosan in the water treatment, food & beverages, cosmetics, medical & pharmaceuticals, and agrochemicals applications is fueling the growth of the chitosan market across the globe. Moreover, the growing trend toward the use of chitosan for water treatment to reduce the use of chemical products is also leading to the growth of the chitosan market. Key companies operating in the chitosan market Primex ehf (Iceland), Heppe Medical Chitosan GmbH (Germany), Vietnam Food (Vietnam), KitoZyme S.A. (Belgium), Agratech (US), Advanced Biopolymers AS (Norway), BIO21 Co., Ltd. (Thailand), G.T.C. Bio Corporation (China), Taizhou City Fengrun Biochemical Co., Ltd. (China), and Zhejiang Golden-Shell Pharmaceutical Co., Ltd. (China).
The natural surfactants market (bio-based surfactants) is estimated to be USD 13.47 Billion in 2017 and is projected to reach USD 17.27 Billion by 2022, at a CAGR of 5.1% between 2017 and 2022. Implementation of stringent regulations on using conventional surfactants is driving the natural surfactants market (bio-based surfactants) in different applications. The growing use of natural surfactants (bio-based surfactants) in detergents, personal care, and oilfield chemicals is also fueling the growth of the natural surfactants market (bio-based surfactants), globally. The natural surfactants market (bio-based surfactants) is projected to reach USD 17.27 Billion by 2022, at a CAGR of 5.1% between 2017 and 2022.
The biodiesel market is projected to reach USD 41.18 Billion by 2021, at a CAGR of 3.8% from 2016 to 2021. Biodiesel products find usage in several end-use industries such as, automotive, power generation, marine, railway, agriculture, and mining in applications, including fuel, power generation, industrial solvent, and lubricating agent. The increasing usage of biodiesel across these industries is expected to drive the market for the biodiesel in near future.
The global fatty acid methyl ester market is expected to grow from USD 17.26 Billion in 2016 to USD 22.13 Billion by 2021, at a CAGR of 5.1% from 2016 to 2021. Stringent environmental regulations and growing demand for biodiesel are some of the factors that are expected to drive the growth of the fatty acid methyl ester market during the forecast period.
The levulinic acid market is projected to reach USD 32.5 Million by 2021, at a CAGR of 14.0% between 2016 and 2021. The key factor fueling the growth of the levulinic acid market is the increasing demand for levulinic acid from plasticizers, pharmaceuticals, and cosmetic industries. Levulinic acid is used in anti–inflammatory medication, and mineral supplements in pharmaceutical applications.
The market size of green chelates/natural chelating agents is projected to reach USD 2.45 Billion by 2021, registering a CAGR of 5.74% between 2016 and 2021. The increasing demand for green chelates/natural chelating agents from end-use applications such as cleaning, water treatment, agriculture, personal care, and food & beverage owing to its superior properties and eco-friendliness is the major driver of this market.
The global renewable chemicals market is estimated to be USD 49.0 billion in 2015 and is projected to reach USD 84.3 billion by 2020, at a CAGR of 11.47% between 2015 and 2020. The renewable chemicals market has been majorly segmented into alcohols, platform chemicals, and biopolymers. The alcohols accounts for more than 80.0% of the renewable chemicals market, in terms of value in 2015 and the same trend is projected to continue during the forecast period.
Dimethyl ether (DME), also known as methoxy methane, is a colorless and odorless gas. It has low boiling point and is generated from various raw materials such as natural gas, methanol, coal, and biomass. DME is a substitute of energy fuels, as it has no sulfur content. It has a variety of applications in numerous segments. It is used in the chemical and petrochemical industries as a solvent. Dimethyl Ether (DME): A projected value of USD 9.7 Billion by 2020, signifying firm annualized growth of 19.65% between 2015 and 2020.
The report on “bio plasticizers” considers its six commonly used applications: packaging materials, medical devices, consumer goods, wires & cables, building & construction, and others. The bio plasticizers market is witnessing high growth because of increasing end-use industry, technological advancements, stringent regulations, and increasing demand in the developing markets. Plasticizer is a substance that is added to other polymeric substances to aid processing of the polymer and to impart flexibility, plasticity, softness, and reduce brittleness. These additives are widely employed in PVC cable, PVC resins, wire jacketing, vinyl flooring, medical equipment, automobile parts, packaging materials, consumer goods, and others. Plasticizer is the most common additives used in the plastic industry. The ban on phthalates in PVC products and increasing consumer awareness in major markets are driving the market for bio plasticizer. The market size for bio plasticizer is projected to reach $1,140.3 Million by 2020, registering a CAGR of 9.8% between 2015 and 2020.
Biocatalysts are widely used in the food and beverage industry since several years as food enzymes for instance in dairy products, bakery, and beverages. Biocatalysts may be of different types and are used in various applications. Protease and amylases are widely used to remove food related stains. These enzymes have applications in both food & beverage and laundry detergent industry. Enzymes such as lipases and peroxidase are used in the personal care industry as they have anti-microbial applications.
Oleochemicals are used primarily in the personal care industry for manufacturing of various lotions, creams, and so on. Oleochemicals are replacing many petroleum based products as their properties help build a product which is better for the environment and which can be manufactured from renewable raw materials. Major types for oleochemicals include fatty acids, fatty alcohols, glycerin, and others. The market for glycerin is projected to grow at the fastest rate. Fatty acids were observed to dominate the global market by type, for oleochemicals, and were estimated to control around 56.34% of the total oleochemicals consumption by type.
Biodegradable packaging begins with the material selection, and it drives the choice and type of packaging equipment and final package performance, which decides the success of packaging. The packaging material choice drives the packaging product's properties, appearance, and consumer attributes.
The crop protection chemicals market covers various types of products being used in the farms to safeguard the crops, by controlling the population of organisms considered harmful or those that can potentially damage or adversely affect the growth of crops. Crop protection chemicals are mainly divided into herbicides, insecticides and fungicides. Pesticides include both synthetic pesticides and bio-based pesticides, are the largest market segment owing to their wide-spread use in bulk quantities. Adjuvants are essentially pharmacological or immunological agents used to modify or enhance the effect of other vaccines and drugs.
Crop protection chemicals are widely used across the globe, and are very useful to safeguard crops against various insects, diseases, and pests. Pesticides are very important as they improve the quality and yield of agricultural produce. Based on applications, crop protection chemicals market can be bifurcated into three types, herbicides, insecticides, and fungicides. Herbicides are used in the agriculture land to control or kill weeds. Insecticides are applied to provide plants with protection against various insects and fungicides safeguards plants from various diseases. Effective pest management significantly reduces pre and post damage of the crops.
The crop protection market consists of crop protection chemicals or agrochemicals, seeds, and genetically modified (GM) crops. Crop protection chemicals are the most dominating segment of this market in terms of market share as well as product innovations. Crop protection chemicals are further classified as herbicides, insecticides, fungicides, bio-pesticides, and adjuvants. As the latter two segments hold a minor market share, in general practice, pesticides are referred to as crop protection chemicals.
Industrial biotechnology or white biotechnology uses cells and enzymes to produce bioenergy, biomaterials and other industrial products. The report will analyze the commercialization of the applications, technologies and products like renewable chemicals.