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市場調查報告書

商品編碼

1446797

全球綠色化學品市場 - 2024-2031

Global Green Chemicals Market - 2024-2031

出版日期: 2024年02月13日 | 出版商:

DataM Intelligence | 英文 185 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

全球綠色化學品市場2023年達到1055億美元，預計2031年將達到1.882億美元，2024-2031年預測期間CAGR為7.5%。

隨著各國政府將脫碳視為擺脫主要以化石燃料為基礎的經濟成長模式的更廣泛策略，全球綠色化學品市場將迎來新的成長機會。在利潤豐厚的政府激勵措施以及私部門資本投資不斷增加的推動下，市場將在中長期內實現高速成長。

產能有限仍是全球綠色化學品市場未來成長的關鍵瓶頸。如果不增加產能，綠色化學品價格不太可能下降，使其相對於傳統化學品缺乏競爭力。由於大多數最終用戶將轉向其他替代品，這將阻礙市場的進一步成長。

動力學

替代燃料的使用不斷增加

由於石油、天然氣等主要能源價格波動，全球各國面臨能源危機。汽油和柴油仍然是運輸部門的主要燃料。燃料進口量較高的國家正在推廣替代燃料，以確保財政穩定。電動車的使用在過去十年中大幅增加，但尚未成為基於化石燃料的交通解決方案的理想替代品。

生物乙醇在能源結構中的推廣是透過汽油和乙醇的混合來實現的。例如，2022 年 10 月，印度石油部宣布向消費者推出 20% 的乙醇混合燃料。歐盟 (EU) 已強制要求在汽油中混合 5% 的乙醇，以符合最近通過的 EN 15376 標準。此外，多個歐洲國家正在進行試點計劃，採用 10% 乙醇混合汽油進行商業用途。替代燃料使用的不斷成長是全球綠色化學品市場成長的關鍵驅動力。

政府支持政策

由於原料供應的波動性和有限的生產能力，綠色化學品很難與傳統替代品競爭。因此，許多國家政府正在推出激勵措施，以增加綠色化學品的採用，包括稅收抵免、補貼和最低價格支持。

發展中國家走在支持綠色化工產業的前沿，因為這有助於實現脫碳和振興當地農業的雙重目標。例如，印度針對綠氫的生產推出了每公斤 30 印度盧比（0.36 美元）至 35 印度盧比（0.42 美元）的支持獎勵措施。已選定12家企業建設41萬噸綠氫產能。政府的支持性政策有助於綠色化學品與傳統替代品公平競爭，並在確保未來市場成長方面發揮重要作用。

原料供應的波動性

大多數綠色化學品的生產取決於生物基原料的現成情況，例如玉米、黑麥、小麥、甜菜根和甘蔗。這些作物的種植和收成每年都會出現波動，這取決於天氣條件和農業支持政策等多種因素。

原料供應的波動導致綠色化學品價格的周期性波動。這種繁榮-蕭條週期使最終用戶更難進行長期規劃。價格波動加劇也迫使一些最終用戶轉向傳統替代品，降低了全球市場的成長潛力。

With governments focused on decarbonization as a broader strategy of shifting away from a predominantly fossil fuel-based economic growth model, the global green chemicals market is set for new growth opportunities. Buoyed by lucrative government incentives as well as rising private sector capital investment, the market is set for high growth over the medium and the long term.

Limited production capacity remains a key bottleneck for the future growth of the global green chemicals market. Without production capacity augmentation, green chemical prices are unlikely to fall, rendering it uncompetitive against conventional chemicals. It will hobble further market growth as most end-users will migrate to other alternatives.

Dynamics

Growing Usage of Alternative Fuels

Countries globally face an energy crisis due to volatile prices of major energy sources such as petroleum and natural gas. Gasoline and diesel remain the primary fuels for the transportation sector. Countries with high fuel imports are promoting alternative fuels to ensure fiscal stability. The usage of electric vehicles, which has increased tremendously over the past decade, is not yet an ideal substitute for fossil fuel-based transportation solutions.

The promotion of bioethanol in the energy mix is being achieved through blending of petrol and ethanol. For instance, in October 2022, India's petroleum ministry announced the roll out of 20% ethanol-blended fuel for consumers. The European Union (EU) has made it mandatory to have a blending of 5% ethanol in gasoline in compliance with the recently adopted EN 15376 standards. Furthermore, pilot programs are underway in several European countries to adopt 10% ethanol blended gasoline for commercial usage The growing usage of alternative fuels is a key driver for the growth of the global green chemicals market.

Supportive Government Policies

Due to volatility in feedstock availability and limited manufacturing capacity, green chemicals have had difficulty in competing against conventional alternatives. Therefore, many national governments are rolling out incentives to increase the adoption of green chemicals including tax credits, subsidies and minimum price support.

Developing countries are at the forefront of rolling out support for green chemical industries since it helps the twin objectives of decarbonization as well as revitalization of the local agricultural industry. For instance, India has rolled out support incentives ranging from INR 30 (US$ 0.36) to INR 35 (US$ 0.42) per kg for the production of green hydrogen. Twelve companies have been selected to set up 410,000 Tons of green hydrogen production capacity. Supportive government policies help green chemicals to compete evenly with conventional alternatives and go a long way in ensuring future market growth.

Volatility in Feedstock Availability

The production of most green chemical is contingent upon the ready availability of bio-based feedstock materials such as corn, rye, wheat, beetroot and sugarcane. The cultivation and harvest of these crops can fluctuate from year to year, depending on multitude factors such as weather conditions and agricultural support policies.

Volatility in feedstock availability leads to a cyclical fluctuation in price of green chemicals. Such kind of boom-bust cycles make it harder for end-users to undertake long term planning. The increased price volatility also forces some end-users to migrate to conventional alternatives, thus reducing the growth potential of the global market.

Segment Analysis

The global green chemicals market is segmented based on product, application and region.

Increasing Usage of Bioethanol to Give Bio-Alcohols a Major Market Share

Bio-Alcohols are likely to have the highest market share during the forecast period, mainly due to the growing adoption of bioethanol. For instance, bioethanol is being adopted in place of conventionally produced ethanol as industrial solvents. Ethanol used in alcoholic beverages is produced using the fermentation of sugars in various feedstock materials such as corn and sugarcane through yeast. Ethanol used as biofuel also follows a similar production method. New emerging biofuels utilize wood, grass and cellulose for ethanol production.

The major modern application for bioethanol is as a biofuel additive in gasoline. Various countries have stepped up the usage of biofuels to curb emissions and reduce petroleum imports. Brazil and U.S. are leading users of ethanol-blended gasoline products due to major production of feedstock crops such as corn and sugarcane. India is another major country that has implemented new policies to promote the usage of biofuels.

Geographical Penetration

Government Incentives and Matured Production System Makes Asia-Pacific the Leading Region for the Market

Asia-Pacific is expected to have the highest share within the global green chemicals market as a combination of various favorable factors allows it to cement its leading position. The region already has a matured chemical industry, with high production capacities and competitive costs. The chemical sector in Asia-Pacific has been one of the leading receivers of foreign direct investment (FDI). China and India are among the leading chemical producers in the region, having exports of US$ 300 billion and US$ 65 billion respectively in 2022.

Another favorable factor for the market is highly supportive government policies. In September 2022, the Indian government launched a roadmap for the mass adoption of second generation (2G) bioethanol. In the same year, the Numaligarh Refinery Ltd, in the state of Assam, initiated an INR 17.5 billion (US$ 211 million) project to produce bioethanol from bamboo. Furthermore, in July 2023, the Indian government announced various production linked incentives (PLIs) for green and petrochemical production.

The upcoming years might prove to be highly conducive for the growth of the Asia-Pacific green chemicals market. As European chemical manufacturers increasingly scour new destinations to offset increased production costs at home, Asia-Pacific is well placed to attract these companies.

COVID-19 Impact Analysis

The COVID-19 pandemic created many challenges for the global green chemicals market. Firstly, the initial pandemic lockdowns created labor shortages and disrupted crop harvest, thus reducing feedstock availability for green chemical production. Furthermore, uncertainty in global markets due to supply chain disruptions prompted many companies to abandon production expansion of green chemicals.

The difficult market conditions hampered the supply and applications of green chemicals. Due to its relatively niche nature, prices were driven to new highs, which led end-users to look for more economical conventional alternatives. However, the market situation has improved remarkably in the post-pandemic period, mainly due to the institution of various government incentives for green chemical production.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine will likely be a major catalyst in realigning the global green chemicals market. The economic sanctions on Russia have led to disruption in energy supplies and have steeply increased energy costs for European industries. Many European and multinational chemical manufacturers are actively looking to offshore green chemical production to Asia-Pacific or North America.

On its current trajectory, the global market for green chemicals will be likely be concentrated in North America and Asia-Pacific. Although Europe will account for a significant share of R&D in the development of new green chemicals, mass production is likely to be solely concentrated in Asia-Pacific due to its competitive domestic chemical industry.

The Russian market for green chemicals has witnessed major disruptions due to the economic sanctions. Many greenfield projects in the sector were delayed for cancelled due to difficulty in sourcing western-made production equipment and components. Russian chemical manufacturers are having to rely upon Chinese technology to continue the production of green chemicals.

By Product

Bio-Alcohols
- Bio-Ethanol
- Bio-Methanol
- Bio-Butanol
- Others
Bio-organic Acids
- Bio-Lactic Acid
- Bio-Acetic Acid
- Bio-Citric Acid
- Bio-Adipic Acid
- Bio-Succinic Acid
- Others
Bio-Ketones
Bio-Polymers
- Polylactic Acid
- Bio-Polyethylene
- Other
Others

By Application

Pharmaceuticals
Packaging
Food & Beverage
Construction
Automotive
Industrial & Chemical
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In January 2024, national thermal power corporation (NTPC), an Indian state-owned power company, signed an MoU with Numaligarh Refinery Limited (NRL) to develop a new bio-based refinery to manufacture bioethanol from bamboo feedstock.
In October 2023, Solugen, a U.S.-based chemical manufacturer announced that it had received regulatory clearances for the construction of Bioforge, the company's production plant for green chemicals.
In November 2023, Tuticorin Alkali Chemicals, an Indian chemical manufacturer, set a new unit for the production of green soda ash.

Competitive Landscape

The major global players in the market include BASF SE, DSM NV, DuPont, Evonik Industries AG, Mitsubishi Chemical Holdings Corporation, Braskem SA, Albemarle Corporation, Aemetis, Inc., Cargill Incorporated and SECOS Group Ltd.

Why Purchase the Report?

To visualize the global green chemicals market segmentation based on product, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of pouch tapes market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global green chemicals market report would provide approximately 51 tables, 47 figures and 185 Pages.

Target Audience 2024

Chemical Manufacturers
Industry Investors/Investment Bankers
Research Professionals

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Application
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Usage of Alternative Fuels
  - 4.1.1.2. Supportive Government Policies
- 4.1.2. Restraints
  - 4.1.2.1. Volatility in Feedstock Availability
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Product

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2. Market Attractiveness Index, By Product
7.2. Bio-Alcohols*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.2.3. Bio-Ethanol
- 7.2.4. Bio-Methanol
- 7.2.5. Bio-Butanol
- 7.2.6. Others
7.3. Bio-organic Acids
- 7.3.1. Bio-Lactic Acid
- 7.3.2. Bio-Acetic Acid
- 7.3.3. Bio-Citric Acid
- 7.3.4. Bio-Adipic Acid
- 7.3.5. Bio-Succinic Acid
- 7.3.6. Others
7.4. Bio-Ketones
7.5. Bio-Polymers
- 7.5.1. Polylactic Acid
- 7.5.2. Bio-Polyethylene
- 7.5.3. Other
7.6. Others

8. By Application

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2. Market Attractiveness Index, By Application
8.2. Pharmaceuticals*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Packaging
8.4. Food & Beverage
8.5. Construction
8.6. Automotive
8.7. Industrial & Chemical
8.8. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Spain
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. BASF SE*
- 11.1.1. Company Overview
- 11.1.2. Product Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. DSM NV
11.3. DuPont
11.4. Evonik Industries AG
11.5. Mitsubishi Chemical Holdings Corporation
11.6. Braskem SA
11.7. Albemarle Corporation
11.8. Aemetis, Inc.
11.9. Cargill Incorporated
11.10. SECOS Group Ltd.

LIST NOT EXHAUSTIVE