Democrats Try to Halt Silicon Valley's Swing to the Right
Adam Kovacevich, the chief executive of the center-left trade group Chamber of Progress, is trying to play marriage counselor. Kovacevich has spent months talking to Democrats, tech workers and former Biden administration officials about what pushed tech executives away from the party and how to mend the relationship.
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The green chemicals market is dominated by bio-alcohols, propelled by global fuel mandates and process innovations. The construction sector's demand surges, fueled by green building standards, creating a robust market for sustainable materials. Chicago, Aug. 14, 2025 (GLOBE NEWSWIRE) -- The global green chemicals market was valued at US$ 13.80 billion in 2024 and is expected to reach US$ 28.05 billion by 2033, growing at a CAGR of 8.2% during the forecast period 2025–2033. The potential of the green chemicals market is immense, driven by an unprecedented and irreversible alignment of global capital and stringent policy. The sheer scale of investment in 2024 alone signals a market at a major inflection point. We see this in landmark projects like the $3.24 billion Lake Charles facility and broad government commitments, including the U.S. Department of Energy's $6 billion fund for industrial decarbonization. This financial torrent is matched by powerful regulatory mandates, such as the EU's framework of 85 distinct actions, which are actively compelling industries to abandon legacy chemicals. This dual engine of state-level enforcement and massive private/public funding creates a predictable, high-growth environment where sustainable chemistry is no longer optional but a core component of future industrial viability and profitability. Download Sample Pages: This potential translates directly into a rapidly maturing and economically robust green chemicals market. The growth is not just theoretical; it is visible in corporate actions like TotalEnergies' $260 million acquisition in the renewable gas space, and LyondellBasell's purchase of a recycling plant. The innovation pipeline is delivering tangible performance gains, with new processes increasing productivity by 40-fold and cutting energy use by 4.5-fold, proving green chemistry's economic superiority. With over 16,000 certified bio-based products available in the U.S. and more than 150 bio-based chemical plants operational, the infrastructure for mass adoption is already in place. The market's potential is no longer a forecast; it is a current reality defined by proven technology, established supply chains, and undeniable global demand. Key Findings in Green Chemicals Market Market Forecast (2033) US$28.05 billion CAGR 8.2% Largest Region (2024) Asia Pacific (37%) By Product Type Bio-alcohol (36%) By Application Construction (28%) Top Drivers Increasingly stringent government regulations and supportive environmental policies worldwide. Rising consumer and industrial demand for sustainable, eco-friendly products. Corporate sustainability goals and commitments to circular economy models. Top Trends Innovations in biotechnology and advanced fermentation processes. Growth of bio-based materials like bioplastics and green composites. Integration of AI and machine learning for process optimization. Top Challenges Higher production costs compared to conventional chemical manufacturing. Scalability issues and the need for significant infrastructure investments. Navigating a complex and evolving global regulatory landscape. Unprecedented Investment Surge Signals Robust Confidence in the Green Chemicals Market A torrent of capital is flowing into the sector, underscoring immense investor confidence in green chemicals market. Landmark projects are breaking ground, such as Lake Charles Methanol II, LLC's new plant in Louisiana, backed by a colossal $3.24 billion investment. This is not an isolated event; major chemical companies are aggressively future-proofing their portfolios, with many allocating over $1 billion each toward bio-based research and infrastructure. Governments are amplifying this private sector push, with global subsidies and funding for bio-based initiatives now exceeding $5 billion. This financial commitment is fueling a vibrant innovation ecosystem, where global investments in research and development surpassed $2 billion in 2023. The U.S. Department of Energy reported significant investments in renewable feedstock research in March 2024, while corporate giants like Cargill launched new bio-based polyurethane products in August 2024, demonstrating the tangible outcomes of this investment boom. Rapidly Expanding Production Capacity to Meet Escalating Global Green Chemical Demand The industry is scaling up production at an impressive rate to meet demand. While the EU's traditional chemical production hit a new low in 2023 at 217.5 million tonnes, this signals a strategic pivot towards greener alternatives. The new Lake Charles Methanol II plant alone is projected to create 123 direct new jobs, showcasing the economic benefits of this transition. Globally, production capacity for bioplastics reached 2.4 million tons in 2023, with continued growth expected. In 2023, the industrial sector's consumption of bio-based chemicals exceeded 15 million tons worldwide, a trend that has persisted into 2024. In the United States, biofuel production capacity saw a 7% increase in 2023, reaching 24 billion gallons annually. This expansion directly impacts the Green chemicals market by increasing the availability of crucial feedstocks; for example, biodiesel production yields approximately 100 kg of glycerol per tonne. Stringent Regulatory Frameworks Acting as a Powerful Catalyst for Market Growth Governments worldwide are implementing decisive policies accelerating the shift towards sustainability. The European Union is at the forefront, with its comprehensive Chemicals Strategy for Sustainability outlining 85 actions to combat pollution. Key regulations are coming into force, including the Ecodesign for Sustainable Products Regulation in July 2024. Looking ahead, the European Commission unveiled its European Chemicals Industry Action Plan on July 8, 2025, and on April 3, 2025, presented proposed changes at the 54th CARACAL meeting, including clarified rules for labeling exemptions for chemical containers under 10 ml. A revision of the critical REACH Regulation is planned by the end of 2025, while a final opinion on the universal PFAS restriction is expected by late 2025 or early 2026, with an enforceable restriction anticipated around 2026–2027. In the U.S., California's Green Chemistry Initiative was enacted through 2 pieces of legislation, and the USDA's BioPreferred Program now lists over 16,000 certified products, steering the Green chemicals market forward. Corporate Sustainability Initiatives and Competitive Landscape Driving Unmatched Market Innovation Leading corporations are embedding green chemistry at the core of their strategies. Merck & Co., Inc. developed a "continuous process" for an anti-cancer therapy that slashed energy consumption by 4.5-fold, water use by 4-fold, and raw material usage by about 2-fold. This commitment to efficiency and sustainability is a key competitive differentiator. Viridis Chemical Company, winner of the 2024 EPA Small Business Award, developed a process for renewable ethyl acetate where the dehydration of bioethanol produces hydrogen gas, supplying about 40% of the plant's energy. Meanwhile, packaging giant Amcor introduced new sustainable packaging solutions in October 2024. The competitive landscape is vibrant, with over 1,000 companies now engaged in bioplastics and over 100 strategic partnerships recently formed in the bio-based chemicals sector, intensifying the pace of innovation in the Green chemicals market. Groundbreaking Technological Advancements and Innovation Reshaping the Chemical Industry's Future Innovation is the lifeblood of the Green chemicals market. The 2024 Green Chemistry Challenge Awards highlighted key breakthroughs, such as a new method for producing ethyl acetate from corn bioethanol. In August 2024, researchers at the Fritz Haber Institute introduced a novel method for understanding CO2 re-utilization, using alternating electrical pulses to control catalyst nanoparticles. Further innovation was seen in January 2024 with a successful fermentation process for producing bio-glutamic acid. Technology is a key enabler, with a 2024 GC&E AI Hackathon held to develop predictive toxicity models. A 2024 study characterized 59 commercially available polymers from 20 different polymer classes to improve recycling, while a new photo-enzymatic cascade process increased a key bioplastic precursor's productivity by an astonishing 40-fold. The Green Chemistry Commitment (GCC) celebrated over 10 years in 2024, fostering the next generation of innovators. The Critical Shift Toward Sustainable Raw Materials and Renewable Feedstock Sources A fundamental pillar of the Green chemicals market is its move away from finite fossil fuels. The feedstock landscape is now dominated by renewable sources like agricultural biomass, starches, sugars, and plant-derived oils, which are essential for producing biopolymers and bio-alcohols. Bio-alcohols represent a dominant product segment, largely driven by their widespread use as biofuels. Among the most versatile platform chemicals is glycerol, a co-product of biodiesel production. Demand for this key bio-based platform chemical is surging, particularly within the pharmaceutical sector where it can be refined to 99% purity for high-value applications. This strategic shift to renewable inputs not only enhances the environmental profile of chemical products but also creates more resilient and sustainable supply chains for a circular economy. Accelerating Adoption Across Diverse End-Use Industries Creating Immense Market Demand Green chemicals are permeating every corner of the industrial world. The food industry is a major driver, accounting for nearly 45% of the Green Chemistry Chemicals Market demand, as consumers increasingly seek clean-label products. The pharmaceutical sector is another key adopter, representing about 20% of market demand. The impact extends beyond product formulation to job creation; in the EU, the chemicals sector directly employs 1.2 million people, with another 3.6 million jobs supported indirectly through its vast supply chain. In manufacturing, the switch to green alternatives provides tangible operational benefits; for instance, the adoption of bio-based adhesives has been shown to increase production efficiency by up to 25% in certain applications. The automotive industry is also a significant user, integrating bio-based materials for bioplastics and other components. A Proliferation of Novel Product Innovations and Launches Energizing the Market The market is buzzing with the launch of new and improved green products. As of early 2024, there were over 5,000 bio-based products available to consumers and industries. Companies are gaining recognition for their pioneering work; in 2024, Bioceres was honored for developing RinoTec™, an enhanced microbial pesticide. Similarly, the BIOst pesticide product by Pro Farm Group received an exceptional life cycle assessment score of 9.9 out of 10 for its minimal environmental impact. Academic innovation is also being celebrated, with Professor Dionisios G. Vlachos recognized in 2024 for developing new synthetic methods for lubricant base oils from renewables. The pipeline for future innovations is strong, with nominations for the 2025 Green Chemistry Challenge Awards due by December 13, 2024. To date, the EPA's influential Green Chemistry Challenge has already awarded 144 groundbreaking technologies, continuously fueling the Green chemicals market. Looking for Country-Level or Section-Wise Data? Customize This Report: Geographical Analysis and Global Metrics Highlighting a Worldwide Sustainable Transition The green chemical revolution is a global phenomenon. In 2024, North America's Green chemicals market is projected to generate revenues of USD 53.8 billion, with an anticipated CAGR of 9.17% from 2024 to 2029. The United States has over 150 operational bio-based chemical plants, while China has established over 200 bio-refineries. Europe is noted as the fastest-growing regional market, supported by the EU's comprehensive regulatory framework. Key industry events like the 2024 Green Chemistry GRS seminar on July 27-28, 2024, and the GC&E AI Hackathon in 2024 are fostering global collaboration. The combined EU & US bio-based chemicals market, valued at USD 60.02 billion in 2023, is projected to hit USD 64.72 billion in 2024. With the European Commission's 2025 Annual Single Market and Competitiveness Report released on January 29, 2025, and sales of clean label ingredients set to grow by 6.75% annually, the data confirms the unstoppable momentum of the global green chemicals market. Global Green Chemicals Market Major Players: BASF SE Arkema Group BiologiQ Inc Dongguan Xinhai Environmental-Friendly Material Co., Ltd Ecovia Renewables, Inc. Evonik Industries AG GFBiochemicals Ltd. Koninklijke DSM N.V. Mitsubishi Chemical corporation Plantic Technologies Limited Secos Group Ltd. Toray Industries Inc. Total Corbion PLA USG Corporation Vertec Biosolvents, Inc. Other Prominent Players Key Market Segmentation: By Application Textile Packaging Construction Food and Beverages Automotive Paints and Coatings Pharmaceuticals Others By Product Bio-organic acids Biopolymers Bio-alcohols Other Products By Region North America Europe Asia Pacific Middle East Africa South America Want Clarity on Report Coverage? Schedule a Quick Demo Call: About Astute Analytica Astute Analytica is a global market research and advisory firm providing data-driven insights across industries such as technology, healthcare, chemicals, semiconductors, FMCG, and more. We publish multiple reports daily, equipping businesses with the intelligence they need to navigate market trends, emerging opportunities, competitive landscapes, and technological advancements. With a team of experienced business analysts, economists, and industry experts, we deliver accurate, in-depth, and actionable research tailored to meet the strategic needs of our clients. At Astute Analytica, our clients come first, and we are committed to delivering cost-effective, high-value research solutions that drive success in an evolving marketplace. Contact Us:Astute AnalyticaPhone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)For Sales Enquiries: sales@ Follow us on: LinkedIn | Twitter | YouTube CONTACT: Contact Us: Astute Analytica Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World) For Sales Enquiries: sales@ Website: in to access your portfolio
