Top Companies in Green Chemicals Market; Don't Just Sit There! Read This
Green Chemicals Market to Reach Valuation of 16684.27 USD Million by 2028; Increasing Adoption of Packaging which is Bio-based is Driving the Market”
Coralia.Joe
Market Overview:
The market size of the global Green Chemicals market in the year 2021 is valued at 9,893.70 USD Million and is predicted to reach 16684.27 USD Million by the year 2028 at 9.10% CAGR during the forecast period. The key factors responsible for the growth of the Green Chemicals market include the increasing adoption of biobased packaging and rising concerns for fossil fuel depletion.
The COVID-19 pandemic severely impacted several markets across the globe, particularly in China, the U.S., Italy, Spain, and other Western European nations. The pandemic also had a significant impact on the market for green chemicals, majorly attributable to the shutdown of manufacturing facilities in compliance with government regulations, to contain the disease. The shutdown of factories and warehouses caused additional losses to chemical manufacturers as the previously manufactured and stocked chemicals could not be sold due to temporary trade bans and reduced demand.
In recent years, the rising adoption of packaging materials made of renewable sources, such as plant and animal waste, has led to significant growth in the market for green chemicals. This can be attributed to the environmental benefits of bio-based packaging, including its non-toxic nature, the requirement for fewer raw materials for production, low production cost, and convenient disposal. With the increase in environmental concerns, the adoption of bio-based packaging materials is likely to witness a rise in the future, which, in turn, is expected to fuel the demand for green chemicals for their production.
Following are the top 10 leading companies in the Green Chemicals market:
|
Company Name |
Revenue in USD |
|
$10 Billion |
|
$85 Billion |
|
$16 Billion |
|
<$5 Million |
|
$9 Billion |
|
$35 Billion |
|
$23 Million |
|
$19 Billion |
|
$8 Million |
|
<$5 Million |
Arkema Group is a specialty chemicals and advanced Materials Company headquartered in Colombes, near Paris, France. The company designs materials to address the ever-growing demand for innovative and sustainable materials, driven by the challenges of new energies, new technologies, and the depletion of resources, mobility, and increasing urbanization. The company is structured into three coherent and complementary segments dedicated to Specialty Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions).
BASF SE is a German multinational chemical company and the largest chemical producer in the world. The company comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas, and Africa. Headquarters in Ludwigshafen, Germany, the company has customers in over 190 countries and supplies products to a wide variety of industries. The company carries out production, marketing, and sales of chemicals, plastics, crop protection products, and performance products. Its product line comprises solvents, adhesives, surfactants, fuel additives, electronic chemicals, pigments, paints, food additives, fungicides, and herbicides.
Headquartered in Essen, Germany, Evonik is one of the world’s leading specialty chemicals companies. Evonik stands for attractive business and innovative strength. Around 80 percent of sales come from market-leading positions, which the company is systematically expanding. The company work in a results-focused corporate culture that is geared to profitable growth and increasing the value of the company. The company's strengths include the balanced spectrum of our business activities, end-markets, and regions as well as close collaboration with our customers.
GFBiochemicals brings biobasedlevulinic acid to market through technology innovation. Founded in 2008, GFBiochemicals is the first company to produce levulinic acid at a commercial scale directly from biomass. With proprietary technology and a commercial-scale plant in Caserta, Italy, GFBiochemicals’ levulinic acid is the platform chemical with significant potential to replace petroleum-based products in chemicals and biofuels. GFBiochemicals’ personnel and technical experts have decades of experience in innovation, production, and business development. Application development and a breakthrough process enable fundamentally lower price ranges which will give access to previously undiscovered market segments.
Koninklijke DSM N.V. is a Dutch multinational corporation active in the fields of health, nutrition, and materials. Headquartered in Heerlen, the company employed 21,054 people in approximately 50 countries and posted net sales of €8.632 billion. The nutrition cluster comprises DSM Nutritional Products into DSM Food & Beverage and DSM Hydrocolloids. This cluster provides solutions for animal precision nutrition and feed, food & beverage, pharmaceuticals, medical nutrition, early life nutrition, nutrition improvement, dietary supplements, personalized nutrition, and personal care. The materials cluster comprises DSM Engineering Materials and DSM Protective Materials. The cluster comprises a high-quality portfolio of specialty materials for global end markets including electrical components and electronics, automotive, food packaging, medical, personal protection, commercial marine, and apparel.
Mitsubishi Chemical was formed in October 1994, as a result of a merger between Mitsubishi Kasei Corporation and Mitsubishi Petrochemical Co., Ltd. Subsequently, in October 2005, Mitsubishi Chemical executed a joint share transfer with its subsidiary Mitsubishi Pharma Corporation and at the same time a new company was incorporated to be Mitsubishi Chemical’s 100% parent company, MCHC, and, as a result, Mitsubishi Chemical was delisted. As of the date hereof, Mitsubishi Chemical is one of the six operating companies i.e., Mitsubishi Chemical, Mitsubishi Tanabe Pharma Corporation, Mitsubishi Plastics, Inc. “Mitsubishi Plastics”, Mitsubishi Rayon Co. Ltd. “Mitsubishi Rayon”, Life Science Institute, Inc. and Taiyo Nippon Sanso Corporation included among MCHC’s 581 subsidiaries and 168 affiliates, and is a general chemical manufacturing company providing broad range products and services.
Plantic Technologies Limited is a world-leading innovator in high barrier bioplastics and a proud member of the global Kuraray group. With a track record of science and industry awards, an international network of corporate customers and distributors, and a growing list of premium quality multinational research and development partners. The company has achieved a unique place in the world market for bioplastics through proprietary technology that delivers a completely biodegradable and organic alternative to conventional plastics based on corn; which is not genetically modified. Unlike other bioplastics companies that utilize organic materials but whose polymers are still developed in refineries, Plantic's polymer as well as its raw material, are grown in a field. The entire process integrates the science of organic innovation with commercial and industrial productivity in a new way. The result is both a broad range of immediate performance and cost advantages and long-term environmental and sustainability benefits.
Toray Group is an integrated chemical industry group developing its business in 29 countries and regions worldwide. Toray Group fuses nanotechnology into its operations, using organic synthetic chemistry, polymer chemistry, and biotechnology as its core technologies. In addition to the Foundation Businesses of fibers & textiles and plastics & chemicals, Toray likewise promotes the global development of IT-related products, carbon fiber composite materials, pharmaceuticals and medical products, environment & engineering including water treatment and progress in other pivotal business fields.
TotalEnergiesCorbion is a global leader in marketing, sales and production of Polylactic Acid (PLA). PLA is a biobased and biodegradable polymer made from annually renewable resources, offering a reduced carbon footprint versus many traditional plastics. The Luminy® PLA portfolio, which includes both high heat and standard PLA grades, is an innovative material that is used in a wide range of markets including fresh food packaging, consumer goods, fibers, food service ware, and 3D-printing.
VertecBioSolvents is a Renewables and Environment company focused on Bio-Based Solvents for formulating and cleaning solutions in Coatings, Inks, Agricultural Chemicals, and Petroleum industries. An innovative manufacturer of sustainable, safe, bio-based solvents and solvent blends derived from corn, soybeans, citrus, and other renewable feedstocks. The company creates bio-based solvents designed to outperform their petrochemical counterparts.
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For More Information about each of these companies. Vantage Market Research Report comes up with a detailed analysis of each major player in the industry. The Study provides Global market size & share, Emerging trends, In-depth analysis of key players, Development opportunities, Sales, Revenue Forecast.
