Spain Green Chemicals Market Overview, 2029

Spain's green chemical market is witnessing robust growth, driven by increasing environmental awareness, government regulations, and a shift towards sustainable industrial practices. Increasing government initiatives and encouragement by governments urging regional manufacturers to use sustainable components in production are factors that boost the market over the forecast period. Global public-private partnership bridges the gap between science-based innovation and real-world application of green chemistry in developing countries and economies in transition. Green chemicals, known as bio-based chemicals, are made from renewable feedstock. They are largely made from raw materials that consume less natural resources and help to maintain environmental balance. Vegetable oils, animal fats, sugar and starch, and bio-ethanol are common bio-based raw materials utilized in the synthesis of green chemicals. Green chemicals improve performance and functionality while being eco-friendly throughout their full life cycle. The Twelve Principles of Green Chemistry, which give a framework for innovation and design, codified this approach. Industrial and medical gases manufacturer Messer has inaugurated a new production centre in Estella-Lizarra (Navarra) that will supply its customers in northern Spain. The commissioning of the new facility has involved an investment of 7 million euros. Located on a 14,500-square metre site, it will be used mainly for packaging industrial, food-grade, medicinal and special gases. Messer Ibérica's general manager, Rubén Folgado, said that the new plant "increases the company's competitiveness and reinforces its growth strategy in the Iberian Peninsula". Its products, he added, are "necessary elements" for many industrial processes "where they offer greater safety, increase efficiency and improve the environmental impact of customers' production processes".

According to the research report, "Spain Green Chemicals Market Outlook, 2029," published by Bonafide Research, the Spain green chemicals market is anticipated to add to more than USD 1900 Million by 2024–29. Spain should approve the new industry law which will complement the Spanish 2030 Industrial Policy, which will seek to foster the modernisation and overall productivity of the Spanish industry-services ecosystem by digitising the value chain and boosting productivity and competitiveness in key strategic sectors for the green and digital transitions. Spain is well positioned in many essential sectors such as telecommunications, construction, transport, automotive, chemicals, water, waste, renewable energy, power electronics, etc. Rising adoption of green cities and green construction of buildings for residential, industrial, and commercial housing across the Spain is expected to expand the market during the forecast period. Biopolymer modification based on green chemistry principles yields a wide range of products for use in home and personal care goods, industrial cleaning products, water treatment, and food ingredients. In Spain, technological developments in this field include mattresses from sugars or lactic acid. Some synthetic materials are created from greenhouse gases. Green chemicals, which are environmentally beneficial, are the basis for a variety of plastics used by automotive, aviation, toy, computer, and mobile phone manufacturers. Some of these technologies are already in use, while others are still in the works. Technology and chemical methods improved and the bio-based chemical industry became increasingly profitable and is now poised to take over a large share of the market in Spain. Sustainability-minded manufacturers and consumers are adopting environment-friendly alternatives; the demand for sustainable chemicals is increasing.

Bio alcohols dominate the market of green chemicals in Spain since they are the only widely used biofuel, majorly ethanol, to widely accept usage by transportation sectors as a renewable alternative to fossil fuels. The move by the government of Spain to lower carbon emission levels and incorporate more renewable energies has further increased the demand for bio alcohols, especially for automotive and energy sectors. Contrarily, bio polymers have seen huge growth as industries have embraced biodegradable and compostable materials in packaging and consumer goods. These factors of plastic waste reduction and shift toward circular economy principles have driven the adoption of bio polymers. Organic Acids Bio is valued for their applications in food preservation, pharmaceutics and cosmetics. Bioorganic acids are ultimately a source of alternative, eco-friendly chemicals instead of the petrochemical-derived acids commonly used in laboratories and in industries all around the globe. Bio Ketones Bio Ketones become significant in terms of their applications in manufacturing solvents, resins and coatings for industries like electronics and automotive. Bio Solvents An element of industrial chemistry like cleaning, coatings, and paints requires non-toxic, eco-friendly solutions. Other product types are green chemicals such as bio-based surfactants and additives, which are gaining niches in different industrial applications as companies make strides to reduce their ecological footprint. In Spain, Bio Alcohols lead with the effective presence in the biofuel market which meets the objectives of renewable energy in the country. Bio Polymers are growing fast, as focus here is on sustainable materials in packaging and agriculture.

The packaging segment is the most widely sold application segment for Spain's green chemical market, driven by the increasing demand for sustainable, eco-friendly materials in the global wake against plastic pollution. These polymers and biodegradable materials are highly applied in the packaging industry to produce products that are recyclable as well as compostable, mainly intended for the packaging of consumer goods, food, and beverages. With the great regulatory push to end single-use plastics and encourage circular economy practices, the largest business for green chemicals is in packaging. In the Healthcare sector, growth is being experienced since green chemicals are used in developing safer, non-toxic, and biodegradable materials for use in medical devices, drug delivery systems, and surgical equipment. For example, bio-based solvents and polymers are used in medical packaging because they ensure sterility while remaining environmentally sustainable. Green chemicals also promote environmental sustainability in healthcare waste by making available alternate and sustainable materials used in the healthcare settings. In Pharmaceuticals & Personal Care Products, green chemicals are manufactured as environmentally friendly and non-toxic ingredients for applications in cosmetics, drugs, and skincare. The construction sector benefits from green chemicals by using bio-based materials for insulation, coatings, and adhesives. Green chemicals are crucial in the food and beverages sector, where preservation and flavor enhancement occur. Paints & Coatings Use bio-based solvents and resins to lower VOCs and make the indoors healthier. Automotive also embraces the green chemicals for research in developing lightweight biodegradable parts, as well as eco-friendly coatings.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029



Aspects covered in this report
• Green Chemicals market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product Type
• Bio Alcohols
• Bio Organic Acids
• Bio Ketones
• Bio Polymers
• Bio Solvents
• Others Product Types

By Applications
• Packaging
• Healthcare
• Pharmaceuticals & Personal Care Products
• Construction
• Food & Beverages
• Paints & Coatings
• Automotive
• Other Applications

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Green Chemicals industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.