Denmark Sustainable Chemicals Market Overview
Denmark’s sustainable chemicals market size was valued at USD 534.6 million in 2023. The sustainable chemicals industry is projected to grow from USD 601.43 million in 2024 to USD 1543.13 million by 2032, exhibiting a compound annual growth rate (CAGR) of 12.5% during the forecast period (2024 - 2032). The rising awareness of the market to reduce carbon footprints, the development of advanced biotechnology, investments in R&D to develop innovative green chemical solutions, and the rising demand for biodegradable materials are the main market drivers anticipated to propel Denmark’s sustainable chemicals market.
Source: Primary Research, MRFR Database, Secondary Research, and Analyst Review
Sustainable Chemicals Market Trends
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Growing environmental concerns are driving market growth.
Denmark’s sustainable chemicals market CAGR is expanding due to the expansion in the demand for energy. This demand is associated with the rising human population and its growing requirements. With fossil fuels being the prevalent energy source, greenhouse gas emissions have become the most important environmental problem. Upon combustion, all fossil fuels eject carbon dioxide, greenhouse gases, and other toxic air pollutants. Greenhouse gases entrap heat in the atmosphere, compelling global warming.
Moreover, with increasing awareness about plastic pollution and the need for waste reduction, there is a growing demand for biodegradable and recyclable materials. Green Chemicals are being used to develop biodegradable polymers, such as polylactic acid (PLA), which can replace conventional plastics in various applications. Additionally, efforts are being made to improve the recyclability of materials by designing products with fewer additives and separating different materials for easier recycling, boosting sustainable chemicals market revenue.
Sustainable Chemicals Market Segment Insights
Sustainable Chemicals Product Insights
Denmark’s sustainable chemicals market segmentation, based on product, includes bio-alcohols {bio-ethanol, bio-butanol, bio-methanol, and other bio-alcohols}, bio-ketones, bio-organic acids {bio-lactic acid, bio-citric acid, bio-adipic acid, bio-acetic acid, bio-acrylic acid, bio-succinic acid, and other bio-organic acids}, and bio-polymers {polylactic acid, bio-polyethylene, and other bio-polymers}. The bio-alcohol segment dominated the market mostly due to rising demand for eco-friendly alternatives, which are steering the market towards bio-alcohols. Bio-alcohols, derived from renewable resources such as biomass and agricultural waste, serve as a cleaner and greener option for various industries. With a growing emphasis on environmental responsibility, the adoption of bio-alcohols as a key driver reflects a commitment to reducing carbon footprints and promoting a more sustainable future in the chemical sector. However, bio-ketone acids are the fastest-growing category due to their eco-friendly nature, fostering a greener future, and reducing reliance on traditional chemicals. As a catalyst for change, this dynamic duo exemplifies a bio-driven paradigm shift towards a more sustainable and environmentally conscious industrial landscape.
Figure 1: Denmark’s Sustainable Chemicals Market, by Product, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Sustainable Chemicals Application Insights
Denmark’s sustainable chemicals market segmentation, based on application, includes food & beverages, pharmaceutical, packaging, industrial & chemical, automotive, construction, and others. Food & beverage category held a major market share as sustainable chemicals are natural preservatives that enhance taste and extend shelf life. These organic acids, derived through bio-fermentation processes, serve as a sustainable alternative to traditional additives. Their expanding popularity is driven by growing consumer demand for clean-label products, fostering a healthier and more environmentally conscious approach to food and beverage production. However, industrial & chemical is the fastest-growing category due to the increasing industrialization and urbanization, growing energy demand, increase in chemical transparency across the supply chain, and ban on the production and utilization of hazardous substances. Enterprises prioritizing recyclability and decreased carbon footprint witness increased market share.
Sustainable Chemicals Country Insights
Denmark is a global leader in sustainable practices due to its commitment to environmental responsibility. The nation leverages cutting-edge technologies and embraces renewable resources, fostering a thriving ecosystem for bio-ketones and bio-organic acids, with a focus on green chemistry and circular economy principles, Denmark pioneers innovation in sustainable chemical production. Government support, research initiatives, and a strong emphasis on corporate sustainability propel Denmark as a frontrunner in the global shift towards eco-friendly and responsible chemical practices.
Sustainable Chemicals Key Market Players & Competitive Insights
Leading market participants are investing heavily in research and development to enhance their product lines, which will help the sustainable chemicals market expand even more. Market participants are also undertaking numerous strategic activities to extend their footprint, with significant market developments including new product establishment, mergers and acquisitions, contractual agreements, and collaboration with other organizations. The sustainable chemicals industry must deliver cost-effective items to extend and stay in a more competitive and growing market climate.
Major players in the sustainable chemicals market are attempting to expand market demand by investing in research and development operations, including Cargill Inc., Mitsubishi Chemical UK Limited, BIO-KLEEN PRODUCTS INC., BASF SE, DuPont Industrial, Bioscience, Dryvit Systems Inc, Anderson Corporation, Palmer Industries Inc., SILVER LINE BUILDING PRODUCTS LLC, Bayer Material Science AG, Balfour Beatty PLC, Thermafiber Inc., Kingspan Group, USG Corporation, Koninklijke DSM NV, Evonik Industries AG, SECOS Group Limited, Braskem SA, Huber Engineered Woods LLC, Aemetis, Inc., and Albemarle Corporation.
Key Companies in the Sustainable Chemicals market include
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Cargill Inc.
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Mitsubishi Chemical UK Limited
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BIO-KLEEN PRODUCTS INC.
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BASF SE
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Balfour Beatty PLC
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DuPont Industrial
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Bioscience
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Dryvit Systems Inc
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Anderson Corporation
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Palmer Industries Inc.
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SILVER LINE BUILDING PRODUCTS LLC
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Thermafiber Inc.
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Huber Engineered Woods LLC
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Bayer Material Science AG
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Kingspan Group
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USG Corporation
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Koninklijke DSM NV
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Evonik Industries AG
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SECOS Group Limited
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Braskem SA
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Aemetis, Inc.
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Albemarle Corporation
Sustainable Chemicals Market Segmentation
Sustainable Chemicals Product Outlook
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Bio-Alcohols
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Bio-Ethanol
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Bio-Butanol
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Bio-Methanol
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Other Bio-Alcohols
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Bio-Organic Acids
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Bio-Lactic Acid
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Bio-Acetic Acid
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Bio-Citric Acid
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Bio-Adipic Acid
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Bio-Acrylic Acid
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Bio-Succinic Acid
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Other Bio-Organic Acids
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Bio-Ketones
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Bio-Polymers
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Polylactic Acid
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Bio-Polyethylene
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Other Bio-Polymers
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Others
Sustainable Chemicals Application Outlook
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Food & Beverages
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Pharmaceutical
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Packaging
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Industrial & Chemical
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Automotive
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Construction
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Others
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 534.6 million |
| Market Size 2024 |
USD 601.43 million |
| Market Size 2032 |
USD 1543.13 Billion |
| Compound Annual Growth Rate (CAGR) |
12.5% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2018- 2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Growth Factors, Revenue Forecast, Market Competitive Landscape, and Trends |
| Segments Covered |
Type, Application, and Region |
| Countries Covered |
Denmark |
| Key Companies Profiled |
Cargill Inc., Mitsubishi Chemical UK Limited, BIO-KLEEN PRODUCTS INC., BASF SE, DuPont Industrial, Bioscience, Dryvit Systems Inc., Anderson Corporation, Palmer Industries Inc., SILVER LINE BUILDING PRODUCTS LLC, Bayer Material Science AG, Balfour Beatty PLC, Thermafiber Inc., Kingspan Group, USG Corporation, Koninklijke DSM NV, Evonik Industries AG, SECOS Group Limited, Braskem SA, Huber Engineered Woods LLC, Aemetis, Inc., and Albemarle Corporation. |
| Key Market Opportunities |
The growing awareness of the market to decrease carbon footprints |
| Key Market Dynamics |
The development of advanced biotechnology. Rising investments in R&D to develop innovative green chemical solutions. |
Denmark Sustainable Chemicals Market Highlights:
Frequently Asked Questions (FAQ) :
Denmark’s sustainable chemicals market size was valued at USD 534.6 million in 2023.
The market is expected to rise at a CAGR of 12.5% during the forecast period, 2024-2032.
The pivotal players in the market are Anderson Corporation, Palmer Industries Inc., SILVER LINE BUILDING PRODUCTS LLC, Thermafiber Inc., Huber Engineered Woods LLC, Bayer Material Science AG, Kingspan Group, USG Corporation, Koninklijke DSM NV, Evonik Industries AG, SECOS Group Limited, Braskem SA, Aemetis, Inc., and Albemarle Corporation.
The bio-alcohols category dominated the market in 2023.
The food & beverages category had the largest share of the market.
