Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst

Iceland’s Sustainable Chemicals Market Research Report Information Product (Bio-Ketones, Bio-Alcohols {Bio-Butanol, Bio-Ethanol, Bio-Methanol, and Other Bio-Alcohols}, Bio-Organic Acids {Bio-Acetic Acid, Bio-Lactic Acid, Bio-Adipic Acid, Bio-Succinic Acid, Bio-Citric Acid, Bio-Acrylic Acid, and Other Bio-Organic Acids}, Bio-Polymers {Polylactic Acid, Bio-Polyethylene, and Other Bio-Polymers}, and Others), By Application (Food & Beverages, Pharmaceutical, Packaging, Industrial & Chemical, Automotive, Construction, and Others) –Market Forecas


ID: MRFR/CnM/11881-HCR | 128 Pages | Author: Garvit Vyas| April 2024

Iceland’s Sustainable Chemicals Market Overview


Iceland’s sustainable chemicals market size was valued at USD XX Billion in 2022. The sustainable chemicals industry is projected to grow from USD XX Billion in 2023 to USD XX Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2023 - 2032). The rising awareness of the market to reduce carbon footprints, increasing demand for greener products, the growing need for cost-effective processing, cheaper feedstock, and recent product avenues are expanding the commercialization of other chemical products, which are the main market drivers anticipated to propel Iceland’s sustainable chemicals market.Iceland’s Sustainable Chemicals Market OverviewSource: Primary Research, MRFR Database, Secondary Research, and Analyst Review


Sustainable Chemicals Market Trends




  • Rising consumer awareness and government support for sustainability are driving market growth.




Iceland’s sustainable chemicals market CAGR is expanding due to the rising consumer awareness about the environmental impact of their choices. As consumers become more conscious of sustainability, there is a rising demand for eco-friendly products, boosting the need for green chemicals. Furthermore, the increasing adoption of bio-based packaging materials due to concerns about plastic waste and environmental pollution contributes to the market's expansion. As bio-based packaging gains popularity, there is a corresponding increase in the demand for green chemicals used in their production.


Moreover, the escalating need for alternative fuels, such as biodiesel and bioethanol, propels the demand for green chemicals used in their manufacturing processes. Moreover, various governments actively promote sustainability and reduce carbon emissions, creating favorable conditions for green chemical companies. 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


Iceland’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 the growing demand for eco-friendly alternatives. Bio-alcohols, derived from renewable resources like biomass, serve as a key driver in this market. As industries seek cleaner and greener solutions, the adoption of bio-alcohols is accelerating, contributing to the overall sustainability of the chemical sector. However, bio-polymers are the fastest-growing category due to growing environmental concerns and regulatory shifts. Bio-polymers, derived from renewable resources, play a pivotal role in this growth. The increasing demand for eco-friendly alternatives in industries like packaging and textiles propels the market forward, fostering a transition towards more sustainable and bio-based solutions.


Figure 1: Iceland’s Sustainable Chemicals Market, by Product, 2022 & 2032 (USD Billion)Iceland’s Sustainable Chemicals Market, by Product, 2022 & 2032Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Sustainable Chemicals Application Insights


Iceland’s sustainable chemicals market segmentation, based on application, includes food & beverages, pharmaceutical, packaging, industrial & chemical, automotive, construction, and others. Food & beverage care held a major market share due to increasing awareness and demand for environmentally friendly alternatives. In the food and beverages sector, a key driver is the rising consumer preference for sustainable and organic products. The 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, construction is the fastest-growing category due to the expanding awareness of environmental concerns in the construction sector. Demand for eco-friendly construction materials and practices has surged, compelling the industry to adopt bio-based ketones and bio-organic acids. These innovative solutions not only enhance construction materials but also align with the global push towards sustainability, positioning the market as a key player in the green transition of the construction industry.


Sustainable Chemicals Country Insights


The sustainable chemicals market in Iceland is thriving, propelled by a commitment to environmental stewardship and renewable resources. The nation's abundant geothermal energy serves as a key driver, fostering the production of bio-ketones and bio-organic acids. This synergy aligns with Iceland's emphasis on sustainable practices, driving innovation in eco-friendly chemical solutions. As global demand for environmentally conscious alternatives rises, Iceland's position as a sustainable chemicals hub strengthens, reflecting a harmonious blend of ecological awareness and economic growth.


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




  • Cargill Inc.




  • Mitsubishi Chemical UK Limited




  • BIO-KLEEN PRODUCTS INC.




  • BASF SE




  • Balfour Beatty PLC




  • DuPont Industrial




  • Bioscience




  • Dryvit Systems Inc




  • 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.




  • Albemarle Corporation




Sustainable Chemicals Market Segmentation


Sustainable Chemicals Product Outlook




  • Bio-Alcohols




    • Bio-Ethanol




    • Bio-Butanol




    • Bio-Methanol




    • Other Bio-Alcohols






  • Bio-Organic Acids




    • Bio-Lactic Acid




    • Bio-Acetic Acid




    • Bio-Citric Acid




    • Bio-Adipic Acid




    • Bio-Acrylic Acid




    • Bio-Succinic Acid




    • Other Bio-Organic Acids






  • Bio-Ketones




  • Bio-Polymers




    • Polylactic Acid




    • Bio-Polyethylene




    • Other Bio-Polymers






  • Others




Sustainable Chemicals Application Outlook




  • Food & Beverages




  • Pharmaceutical




  • Packaging




  • Industrial & Chemical




  • Automotive




  • Construction




  • Others



Report Attribute/Metric Details
Market Size 2022 USD XX Billion
Market Size 2023 USD XX Billion
Market Size 2032 USD XX Billion
Compound Annual Growth Rate (CAGR) 12.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
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 Iceland
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 increasing demand for greener products
Key Market Dynamics The development of advanced biotechnology. The growing need for cost-effective processing.


Frequently Asked Questions (FAQ) :

Iceland’s sustainable chemicals market size was valued at USD XX Billion in 2022.

The market is expected to rise at a CAGR of 12.50% during the forecast period, 2023-2032.

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 2022.

The food & beverages category had the largest share of the market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Request Free Sample
Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
Ask for Customization