The Green Chemicals Market is anticipated to expand at a compounded annual growth rate (CAGR) of 11.6% from 2022, reaching approximately $217.18 billion by 2029. This growth is primarily driven by several factors including the depletion of non-renewable resources, increasing awareness of sustainable products, government initiatives promoting green chemicals, rising environmental concerns, and growing demand for bioethanol and biodiesel.
Here is an overview of the top companies operating in the Green Chemicals Market:
1. Cargill, Incorporated (U.S.)
o Established in 1865, Cargill operates globally in food, agriculture, financial, and industrial products and services. It offers green chemicals through its Food Ingredients & Bio-industrial segment, with a presence in over 125 countries.
2. Koninklijke DSM N.V. (Netherlands)
o Founded in 1902, DSM is involved in nutritional and pharmaceutical ingredients, as well as chemicals for various industries. It provides green chemicals across sectors like food, beverages, and personal care, with a global presence.
3. BASF SE (Germany)
o BASF, established in 1865, manufactures a wide range of chemicals and materials for industries including personal care, home care, and plastics. It operates in over 90 countries worldwide.
4. Mitsubishi Chemical Holdings Corporation (Japan)
o Founded in 2005, Mitsubishi Chemical offers performance products and industrial materials, including green chemicals through its global network spanning North America, Europe, and Asia-Pacific.
5. DuPont de Nemours, Inc. (U.S.)
o Founded in 1897, DuPont specializes in specialty materials and solutions for various markets such as transportation and electronics. It distributes products across approximately 60 countries.
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6. Braskem SA (Brazil)
o Braskem, established in 2002, is a leading petrochemical company offering Polyethylene, Polypropylene, and other pro