Japan Green Chemicals Market Research Report, 2029

The market for green chemicals of Japan consists of products derived from renewable resources, such as biofuels, bioplastics, and biodegradable materials. Japan is on a course to become a technologically advanced nation that focuses on being ecologically friendly. Its chemical industry is conservatively working towards a reduction in fossil fuel usage and a healthy upsurge for green alternatives. Technology leads the way in advancing the green chemicals market. Upgrading of biotechnology product manufacturing, such as enzyme engineering and fermentation technology, is enhancing bio-based chemicals and materials. In addition, improvement in technology for waste-to-energy is being done in the recycling of agricultural and industrial wastes into chemical feedstocks of value. Declaration by the Japanese government of "carbon neutral by 2050" is garnering sufficient attention as a response to the varied issues that are threatening the sustainable life of humans. This balances the amount of greenhouse gas emissions and the amount of gas absorbed. The regulatory environment in Japan is enabling green chemical initiatives. There are different policies and frameworks introduced by the government to support such ideals, such as the "Basic Act on Establishing a Sound Material-Cycle Society," which builds resource efficiency and wastes. More importantly, programs like the "Japan's Green Growth Strategy" provide definite reduction targets for greenhouse gases and push investment in alternative energy sources and, thus, green chemicals-friendly environment. Lastly, labels like "Eco Mark" also become an integral part of products sold in the green chemicals industry that help customers make proper environment-conscious choices. Of course, here it would be pertinent to mention that, an award is offered by some organisations, named as the Japan Association for Chemical Innovation (JACI) in the name of Green Sustainable Chemistry Award. Green Chemicals Co., Ltd. is a company that is the first technology research association of Japan to be reorganized into a joint-stock company in 2014. According to the research report "Japan Green Chemicals Market Research Report, 2029," published by Actual Market Research, the Japan Green Chemicals market is anticipated to add to more than USD 4 Billion by 2024–29. In setting across Japan, there is an implementation of the biorefinery concept in the production of green chemicals from biomass. That is to convert agricultural residues, forestry waste, and other types of biomass into valuable chemical products, biofuels, and materials. Hence, it would support the green chemicals market and directly contribute to rural development and the resource utilisation targeted to achieve Japan's broader environmental goals. Japan has placed itself within a sustainable framework by initiating many policies oriented to a circular economy, that is, "Zero Waste" encouraging businesses and communities to reduce the waste they produce by recycling and reusing materials. LCAs have been adopted by many firms as a tool to conduct the environmental assessment of a firm's product and process, thus that it always develops with sustainability in the stages of production. The issues highlighted by the COVID-19 pandemic have further emphasized the relevance of sustainability to a supply chain. In this sense, as businesses rebalance their activities, it is furthered by a growing feeling of resilience through sustainable practice. This transition would highly favor the green chemicals market as such companies look for ways to build more resilient and environmentally friendly strategies regarding supply chains. Bio-based feedstock shift is a significant component of Japan's green chemicals market. The research community and companies are working on a variety of biomass sources, such as agricultural residues, algae, and forestry byproducts, to make sustainable chemical feedstocks. This focus, therefore, not only helps the nation reduce its reliance on fossil fuels but also aids in the usage of renewable resources, something that the country actively aims at accomplishing.

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The green chemicals market inapan is fast-moving, fueled by the rising need for sustainability and innovation. Some key segments that form part of this market include bio alcohols, bio organic acids, bio ketones, bio polymers, and bio solvents, all crucially important for the country's environmental strategy. Bio Alcohols are one of the prime areas of focus in Japan's green chemical landscape. The country has aggressive targets with respect to usage of biofuels as it aims to consume 500 million liters of crude oil equivalent by 2022. The majority of this demand is met through the importation of ethanol. Indeed, the majority of the imported ethanol mainly comes from Brazil and the US, though the country consumes a huge quantity of it as Ethyl Tertiary Butyl Ether, which is used for blending in gasoline. Several recent joint ventures were recently announced for the production of cellulosic bioethanol from woody biomass by agreement between Nippon Paper Industries and Sumitomo Corporation. In this endeavour, companies are not only exploiting rich forest resources in Japan but are also contributing to the energy security and carbon-neutrality agenda. Bio Organic Acids Bio-acids are experiencing excellent opportunities since it has so many utility applications. Lactic acid and citric acid are also the most produced organic acids in Japan. Regarding food preservation, these acids are essentials, and the increasing use of biodegradable plastics has been putting more pressure on their manufacturing companies. Thus, Japanese companies have opted to invest more on fermentation technologies to facilitate increased production efficiency and reduce raw materials imported. In Japan's green chemicals industry, bio ketones are showing promise as significant intermediate products in chemical synthesis. Research institutions here are exploring the production of bio ketones through agricultural residues and other biomass sources, with an aim by Japan to be able to develop circular economy practices with a reduced environmental impact. Bio Polymers are quickly gaining popularity owing to their environmental friendly degradability. One type of it, widely adopted today is Polylactic acid, which is obtained from annually renewable resources such as cornstarch. In this scenario packaging and consumer goods manufacturers join the fray to take benefits of this plastic for their once and for all sustainability applications for packaging. For example, in partnership with Japan-based production firms, NatureWorks started responding more precisely to the quickly increasing demand for sustainable packaging solutions. Bio Solvents have a lower toxicity level than traditional solvents. They are used in paints, coatings, and cleaning agents among others. Japanese manufacturers are interested in the production of solvents on the basis of agricultural feedstocks. This focuses on the international trend, which recognizes safer chemistry. Other than the above categories, product types such as biogas and specialty chemicals from biomass are also the ones showing much significance in the growth of the green chemicals market in Japan. Innovative research, support by the government for practising sustainability, and an increasing awareness regarding environmental issues place. The chemical industry is a solution provider that can provide solutions to the global warming problem, JCIA has developed and declared the 'Chemical Industry’s VISION Global Warming Initiative ' In addition, JCIA has participated in The Commitment to a Low Carbon Society (CO2 and CFC emission reduction targets) as a voluntary plan for the realization of Japan's National Determined Contribution (NDC) based on the Paris Agreement, and the Chemical industry as a whole is working for the targets diligently and steadily The green chemicals market in Japan is growing in light of the overall commitment and the desire to become carbon-neutral by 2050. Its impact is felt at every level in the majority of markets, as new green chemicals originating from renewable biomass and other environmentally-friendly sources replace traditional petroleum-based products. The packaging marketplace is also undergoing a revolutionary change, as companies research and develop plant-based polymers that reduce the amount of plastic waste generated by such packaging. Use of green chemicals during the production of active pharmaceutical ingredients and excipients fast becoming the new norm within the healthcare and pharmaceutical sectors which is enhancing the sustainability of drug manufacturing processes. The construction industries have also increasingly adopted more environmentally friendly building materials and glues and adhesives made from bio-based resins with minimal negative environmental impact but maintained structural integrity. Natural preservatives and flavorings derived from green chemicals increasingly find acceptance in the food and beverages industry, which is gradually replacing synthetic additives with safer alternatives. In the paints and coatings sector, growth is more significant in the group of water-based products using bio-derived solvents, in order to reduce VOCs and improve indoor air quality. This industry is also introducing 'green' chemicals into the production of components such as light bio-based plastics and composites to make vehicles lighter and more fuel-efficient. Efforts in this area have been fostered through collaboration between universities, industries, and government institutions as part of initiatives like the Green Chemistry Initiative. Companies like Green Chemicals Co., Ltd. have established non-food biomass-based sustainable methods of phenol manufacture with a high level of CO2 reduction. Further, innovative projects that transform municipal solid waste into methanol demonstrate Japan's devotion to carbon capture and utilization (CCU).

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Kripa Shah

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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

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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.