Top 10 Green Chemicals Companies | Useful and Eco-friendly

Trishita Deb
Trishita Deb

Updated · Mar 11, 2024

SHARE:

At Market.us Media, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Learn more.
close
Advertiser Disclosure

At Market.us Media, we strive to bring you the most accurate and up-to-date information by utilizing a variety of resources, including paid and free sources, primary research, and phone interviews. Our data is available to the public free of charge, and we encourage you to use it to inform your personal or business decisions. If you choose to republish our data on your own website, we simply ask that you provide a proper citation or link back to the respective page on Market.us Media. We appreciate your support and look forward to continuing to provide valuable insights for our audience.

Green Chemicals Market Overview

Green chemicals, also called sustainable or eco-friendly chemicals, are made using methods that reduce environmental harm and prioritize human health.

These include organic solvents, bio-based polymers, and renewable fuels produced with renewable resources and efficient techniques to cut greenhouse gas emissions and pollution.

Governments enforce regulations to promote their use, and industries invest in research and development, leading to their growing adoption in sectors like agriculture, construction, and consumer goods.

Despite challenges such as high production costs, demand for green chemicals is increasing as sustainability becomes a focus for businesses and consumers alike.

Market Drivers

Several crucial factors propel the thriving global market for green chemicals. Increased environmental consciousness among consumers and businesses and strict government sustainability regulations drive demand for eco-friendly options.

Technological progress enables the production of green chemicals using renewable resources and efficient methods. Corporate sustainability efforts and evolving consumer preferences also contribute to market growth.

Moreover, enhanced cost competitiveness enhances the appeal of green chemicals to businesses and consumers. Together, these factors drive the expansion of the green chemicals market, playing a pivotal role in advancing global sustainability efforts.

Market Size

In 2022, the Green Chemicals Market reached a value of USD 100.9 billion and is forecasted to hit USD 274.2 billion by 2032, exhibiting a projected Compound Annual Growth Rate (CAGR) of 10.8%.

List of Major Companies

 These are the top ten companies operating in the Green Chemicals Market:

BASF

Company Overview

Establishment Year1865
HeadquarterLudwigshafen, Germany
Key ManagementMartin Brudermüller (CEO)
Revenue (US$ Bn)$ 91.8 Billion (2023)
Headcount~ 112,085 (2023)
Websitehttp://basf.com/

About BASF

BASF SE, based in Ludwigshafen, Germany, is globally recognized for its leadership in green chemistry. With a solid commitment to sustainability, BASF focuses on innovative solutions for environmental challenges across industries.

Through extensive R&D, BASF offers a diverse range of eco-friendly products, including bio-based polymers and renewable materials, to reduce carbon footprint and resource usage. Prioritizing eco-efficiency, BASF optimizes resource utilization and collaborates with partners to drive innovation and address sustainability concerns.

Sustainability is integrated into BASF’s corporate strategy, aiming for transparency and ongoing environmental improvement. BASF SE is a frontrunner in green chemistry, striving to create societal value while minimizing environmental impact.

Geographical Presence

BASF SE, a global chemical leader, strategically positions itself across continents, with headquarters in Germany and significant operations in Europe, North America, Asia-Pacific, Latin America, and Africa.

With production sites and research facilities in key countries like the United States, China, and India, BASF caters to diverse industries worldwide while fostering innovation and sustainable growth.

Recent Developments

  • In February 2024, BASF and INEOS Automotive formed a global agreement for paint development and automotive refinishing bodies, pledging a long-term strategic partnership to exceed industry norms in vehicle body repair and paint refinishing. 
  • In February 2024, BASF India announced that its dispersion plants in Dahej and Mangalore, India, have obtained REDcert2 certification, making them the country’s first to meet this standard. REDcert2 certification involves an independent third-party audit process and signifies a significant milestone in BASF’s dedication to sustainability and environmental responsibility.

Dow-Chemical

Company Overview

Establishment Year1897
HeadquarterMidland, Michigan, U.S
Key ManagementJim Fitterling (Chairman and CEO)
Revenue (US$ Bn)$ 56.9 B (2022)
Headcount~ 37,800 (2022)
Websitehttps://www.dow.com/

About Dow Chemical Company

Dow Chemical Company leads globally in producing and distributing green chemicals, showing a solid dedication to sustainability. With a varied lineup of environmentally friendly products, Dow emphasizes innovation and research to tackle environmental issues.

Its green chemicals cover bio-based polymers, renewable materials, and sustainable processes, all aimed at cutting carbon footprint and resource use. Dow’s commitment to green chemistry spans its operations, concentrating on resource efficiency and waste reduction throughout the supply chain. Through partnerships, Dow aims to advance green chemistry, fostering a more sustainable future.

Geographical Presence

Dow Chemical Company, founded in 1897 in the United States, has expanded its global operations across continents. With footholds in North America, Europe, Asia-Pacific, Latin America, and the Middle East/Africa, Dow strategically positions itself with manufacturing sites and offices in key regions such as Texas, Germany, China, Brazil, and Saudi Arabia.

This extensive presence highlights Dow’s commitment to providing innovative solutions to diverse global markets, fostering sustainable growth while addressing challenges.

Recent Developments

  • In December 2023, Dow introduced two new caustic soda products, Caustic DEC and TRACELIGHT DEC, as part of its Decarbia range of low-carbon solutions, offering up to 90% less carbon dioxide emissions.
  • In October 2023, Dow and Evonik initiated operations at a groundbreaking pilot plant for hydrogen peroxide to propylene glycol (HPPG) at Evonik’s Hanau site in Germany.

DuPont

Company Overview

Establishment Year1802
HeadquarterWilmington, Delaware, USA
Key ManagementEdward D. Breen (Executive Chairman & CEO)
Revenue (US$ Bn)$ 12.1 Billion (2023)
Headcount~ 24,000 (2023)
Websitehttp://www.dupont.com/

About DuPont de Nemours

DuPont de Nemours, Inc. is a leading player in green chemicals, renowned for its strong commitment to sustainability. Through innovative research, DuPont provides a wide range of eco-friendly products and solutions to tackle environmental challenges.

These include bio-based polymers, renewable materials, and sustainable processes to cut carbon footprint and resource use. DuPont integrates green chemistry principles across its operations, emphasizing resource efficiency and waste reduction throughout the supply chain.

DuPont drives progress in green chemistry through collaborative partnerships and investments in sustainable technologies, fostering a more sustainable future.

Geographical Presence

DuPont de Nemours, Inc., known as DuPont, commands a formidable global presence, with operations spanning North America, Europe, Asia-Pacific, Latin America, and beyond. Across these regions, DuPont strategically positions numerous facilities for innovation, production, and distribution, ensuring they meet the diverse needs of customers.

In North America, it maintains a strong foothold with facilities in the United States and Canada. In Europe, it extends its reach into crucial industrial centers. Moreover, DuPont capitalizes on the rapid growth of Asia-Pacific, particularly in China and India, while expanding in Latin America.

This expansive geographical footprint reinforces DuPont’s global leadership and enables it to navigate regional economic dynamics and capitalize on emerging opportunities for sustainable growth.

Recent Development

  • In May 2021, DuPont plans to invest $5 million in its manufacturing plants in Germany and Switzerland to enhance production capacity for its advanced automotive adhesives.
  • In March 2021, DuPont finalized a deal with Advent International, a major private equity firm, to purchase Laird Performance Materials.

Solvay

Company Overview

Establishment Year1863
HeadquarterBrussels, Belgium
Key ManagementIlham Kadri (CEO)
Revenue (US$ Bn)$16.9 Billion (2022)
Headcount~ 22,000 (2022)
Websitehttps://www.solvay.com/

About Solvay

Solvay S.A. is a leading player in green chemicals, renowned for its steadfast dedication to sustainability. Through a focus on innovation and research, Solvay provides a diverse range of environmentally friendly products and solutions tailored to tackle environmental issues.

These include bio-based polymers, renewable materials, and sustainable processes to cut carbon footprint and resource use. Solvay integrates green chemistry principles into all operations, emphasizing efficiency and waste reduction throughout the supply chain.

Through partnerships and investments in sustainable technologies, Solvay drives progress in green chemistry, promoting a more sustainable future.

Geographical Presence

Solvay S.A., based in Brussels, Belgium, has a robust global footprint spanning Europe, North America, Asia-Pacific, and Latin America. Solvay operates in countries like Belgium, France, Germany, and the UK in Europe, driving innovation.

In North America, it has significant operations in the US and Canada, serving diverse sectors like aerospace and automotive. Solvay’s strategic focus also includes the Asia-Pacific region, including China, India, and Japan, where it taps into emerging markets and cultivates local partnerships.

Additionally, Solvay maintains a presence in Latin America, notably Brazil, Argentina, and Mexico, contributing to regional industry growth. This widespread presence reflects Solvay’s dedication to global markets and sustainable solutions.

Recent Development

  • In January 2024, Solvay, in partnership with Huatai Chemical, boosted production capacity at its Shandong Huatai Interox Chemical site in China.
  • In January 2024, Solvay unveiled capacity expansions at its Solval and Resolest units, tailored for recycling residues from flue gas cleaning with the industry-leading SOLVAir solution.

Arkema

Company Overview

Establishment Year2004
HeadquarterColombes, France
Key ManagementThierry Le Hénaff (Chairman and CEO)
Revenue (US$ Bn)$12.1 B (2022)
Headcount~ 21,100 (2022)
Websitehttps://www.arkema.com/

About Arkema

Arkema S.A. is celebrated for its unwavering dedication to sustainability. Through innovation and research, Arkema provides a diverse range of environmentally friendly products and solutions tailored to tackle environmental challenges.

These offerings include bio-based polymers, renewable materials, and sustainable processes to lower carbon footprint and resource usage. Arkema integrates green chemistry principles into all operations, focusing on resource efficiency, waste reduction, and eco-friendly practices throughout the supply chain.

Arkema drives progress in green chemistry through partnerships and investments in sustainable technologies, fostering a more sustainable future.

Geographical Presence

Arkema S.A., a multinational company headquartered in France, boasts a robust global presence across Europe, the Americas, and the Asia-Pacific region. It maintains operations in countries such as Spain, Germany, Italy, and the United Kingdom in Europe.

Across the Americas, Arkema has established manufacturing facilities and offices in the United States, Canada, Mexico, and Brazil. In the Asia-Pacific region, it capitalizes on markets in countries like China, Japan, South Korea, and India.

Additionally, Arkema extends its reach to other areas like the Middle East and Africa. This extensive geographical footprint strategically positions Arkema to cater to diverse markets and drive innovation worldwide.

Recent Developments

  • In February 2024, Arkema and Sireg Geotech collaborated to create the world’s initial flexible composite rebar, offering a new solution to conventional steel reinforcement.
  • In December 2023, Arkema purchased Arc Building Products, a company based in Ireland that specializes in construction adhesives and sealants. This acquisition will bolster Arkema’s presence in Ireland’s expanding construction adhesives market by offering solutions and establishing local manufacturing capabilities.

Novozymes

Company Overview

Establishment Year2004
HeadquarterBagsværd, Denmark
Key ManagementCees de Jong (Chairman)
Revenue (US$ Bn)$ 2.6 Billion (2023)
Headcount~ 6,397 (2023)
Websitehttp://novozymes.com/

About Novozymes

Novozymes A/S is a prominent player in green chemicals, known for its steadfast dedication to sustainability. Through innovation and research, Novozymes provides a diverse range of environmentally friendly products and solutions to tackle environmental issues.

These offerings include enzymes and microorganisms utilized in various biotechnology applications like biofuel production, waste management, and agriculture. Novozymes integrates green chemistry principles throughout its operations, focusing on efficiency and waste reduction across the supply chain.

Through partnerships and investments in sustainable technologies, Novozymes continues to advance green chemistry, promoting a more sustainable future.

Geographical Presence

Novozymes A/S, headquartered in Denmark, boasts a strong global presence across North America, Europe, Asia-Pacific, Latin America, and Africa. With strategic offices and facilities in key countries, including the United States, China, and Brazil, Novozymes effectively serves diverse agriculture, food, and bioenergy industries.

This expansive footprint underscores the company’s commitment to delivering sustainable biotechnology solutions worldwide, driving positive environmental and social impact.

Recent Developments

  • In November 2023, Novozymes unveiled Quara LowP, an enzyme solution poised to transform the feedstock pre-treatment process.
  • In September 2023, Novozymes and Bactolife joined forces in a collaborative agreement to finalize the development and release of Ablacto+, a biosolution. This innovative product has the potential to stabilize piglet gut health and mitigate the impact of post-weaning diarrhea (PWD).

Clariant

Company Overview

Establishment Year1995
HeadquarterMuttenz (Basel-Landschaft), Switzerland
Key ManagementConrad Keijzer (CEO)
Revenue (US$ Bn)$ 5.5 Billion (2022)
Headcount~ 11,148 (2022)
Websitehttp://clariant.com/

About Clariant

Clariant AG, a Swiss-based specialty chemicals company, is at the forefront of sustainable chemistry, emphasizing innovation and environmental responsibility. Through its commitment to sustainability, Clariant has developed an extensive portfolio of green solutions across various industries, including agriculture, personal care, and automotive.

By prioritizing resource efficiency, embracing bio-based alternatives, and promoting circular economy initiatives, Clariant demonstrates its dedication to reducing environmental impact while meeting market demands.

With increasing awareness of environmental issues and regulatory requirements driving demand for eco-friendly solutions, Clariant’s strategic focus on green chemicals positions it as a leader in the sustainable chemistry sector, poised to capitalize on emerging opportunities and drive positive change in the industry.

Geographical Presence

Clariant AG, headquartered in Switzerland, boasts a presence spanning Europe, North America, Asia-Pacific, Latin America, the Middle East, and Africa. In Europe, it operates in countries like Germany, France, Italy, and the UK, serving as hubs for research, manufacturing, and distribution.

The US, Canada, and Mexico facilities focus on industries such as chemicals and coatings in North America. The company capitalizes on growth in the Asia-Pacific region, including China and India, targeting sectors like automotive and electronics.

In Latin America, Clariant serves mining and agriculture in Brazil and Argentina. Expanding into the Middle East and Africa, it targets oil and gas and construction markets. Clariant’s strategic global positioning enables it to serve diverse markets while leveraging its innovative solutions.

Recent Developments

  • In December 2023, Clariant closed its sunliquid bioethanol plant in Podari, Romania, and scaled back operations of its Biofuels & Derivatives division in Germany.
  • In November 2023, Clariant inked a deal with Conser, a MAIRE Group division, to provide maleic anhydride catalysts.

Evonik

Company Overview

Establishment Year2007
HeadquarterEssen, Germany
Key ManagementChristian Kullmann (CEO & Chairman)
Revenue (US$ Bn)$ 19.4 Billion (2022)
Headcount~ 33,575 (2022)
Websitehttp://corporate.evonik.com/

About Evonik Industries

Evonik Industries AG, headquartered in Essen, Germany, is a global leader in specialty chemicals, operating worldwide. Committed to sustainability, Evonik specializes in green chemistry, using renewable resources to reduce environmental impact.

Through biotechnology and sourcing renewable feedstocks, Evonik produces a range of eco-friendly chemicals for industries like cosmetics and automotive. Collaborations and environmental initiatives reinforce Evonik’s status as a pioneer in sustainable chemical solutions.

Positioned for growth in a market driven by consumer awareness and regulations, Evonik is poised to lead the transition to a greener future.

Geographical Presence

Evonik Industries AG, a leading specialty chemicals company headquartered in Essen, Germany, maintains a robust global presence across Europe, North America, Asia-Pacific, the Middle East, Africa, and Latin America.

With strategic operations spanning multiple continents, Evonik positions itself with production sites, research facilities, and offices in key locations such as Germany, the United States, China, and Brazil. This widespread footprint enables Evonik to serve diverse markets and industries effectively while remaining at the forefront of innovation and sustainability.

Recent Development

  • In February 2024, Evonik collaborated with Jland Biotech to introduce vegan collagen for cosmetic use, facilitating access to commercial volumes for skincare applications.
  • In February 2024, Evonik and Uniper initiated the TORTE project in Gelsenkirchen, focusing on thermal energy recovery options.

Croda

Company Overview

Establishment Year1925
HeadquarterSnaith, England, UK
Key ManagementSteve Foots (CEO)
Revenue (US$ Bn)$ 2.6 Billion (2022)
Headcount~ 6100 (2023)
Websitehttps://www.croda.com/

About Croda International

Croda International plc is a global leader in specialty chemicals, focusing strongly on sustainability and green chemistry. Established in 1925, the UK-based company has positioned itself as a pioneer in developing environmentally friendly solutions for industries worldwide.

Croda minimizes its environmental footprint while delivering high-performance products through sustainable sourcing, bio-based ingredients, and innovative formulations. Collaborative partnerships and a commitment to reducing its environmental impact further solidify Croda’s position as a trusted supplier of green chemicals.

With a diverse portfolio and global presence, Croda is well-equipped to meet the increasing demand for sustainable solutions across various sectors, driving positive change for businesses and the environment.

Geographical Presence

Croda International plc, a UK-based specialty chemicals company, has a robust global presence across North America, Europe, Asia-Pacific, Latin America, and other emerging markets. With strategically located manufacturing facilities, research centers, and sales offices, Croda caters to diverse industries worldwide.

Its strong foothold in key regions such as North America and Europe and expanding markets in Asia-Pacific and Latin America underscores its commitment to delivering tailored solutions and maintaining leadership in the specialty chemicals sector.

Recent Developments

  • In May 2023, Croda partnered with the Universities of Nottingham and York to create innovative, sustainable polymers for liquid formulations.
  • In September 2021, Croda inaugurated its Product Validation Centre in Sao Paulo, Brazil, focusing on serving the agrochemical industry with cutting-edge facilities.

Mitsubishi-Chemical

Company Overview

Establishment Year2005
HeadquarterTokyo, Japan
Key ManagementJean-Marc Gilson (President and CEO)
Revenue (US$ Bn)$ 34.2 Billion (2023)
Headcount~ 68,639 (2023)
Websitehttp://www.mitsubishichem-hd.co.jp/

About Mitsubishi Chemical

Mitsubishi Chemical Group Corporation is a leader in green chemicals, firmly committed to sustainability and environmental responsibility. Through innovation and research, Mitsubishi Chemical Group provides diverse eco-friendly products and solutions tailored to address ecological issues. These include bio-based materials, renewable polymers, and sustainable processes to reduce carbon footprint and resource consumption.

Mitsubishi Chemical Group integrates green chemistry principles throughout its operations, focusing on resource efficiency, waste reduction, and eco-friendly practices across the supply chain. Through collaborations and investments in sustainable technologies, Mitsubishi Chemical Group drives progress in green chemistry, promoting a more sustainable future.

Geographical Presence

Mitsubishi Chemical Group Corporation (MCGC) boasts a formidable global presence strategically positioned across Asia, North America, Europe, and emerging markets. In Asia, MCGC’s operations span Japan, China, South Korea, India, and Southeast Asia, tapping into vibrant industrial sectors.

In North America, MCGC leverages subsidiaries to access markets like the United States and Canada, while in Europe, it contributes to diverse industries through subsidiaries and joint ventures. Beyond these regions, MCGC extends its reach to Latin America, the Middle East, and Africa, cementing its status as a leading player in the chemical and materials industry worldwide.

Recent Developments

  • In February 2024, Mitsubishi Chemical Corporation finalized a broad partnership with Fukui Prefecture to foster regional sustainability.
  • In September 2023, Mitsubishi Tanabe Pharma and the Malaria Research Institute secured funding from the Global Health Technology Fund (GHIT Fund) to study novel antimalarial drugs with a new mechanism of action jointly.
SHARE:
Trishita Deb

Trishita Deb

Trishita has more than 7 years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.