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PUBLISHER: Grand View Research | PRODUCT CODE: 1772332
PUBLISHER: Grand View Research | PRODUCT CODE: 1772332
Neoteric Solvents Market Size, Share & Trends Analysis Report By Solvent Type (Ionic Liquids (ILs), Deep Eutectic Solvents, Supercritical Fluids, Bio-based Solvents), By Application, By Region, And Segment Forecasts, 2025 - 2030
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Neoteric Solvents Market Growth & Trends:
The global neoteric solvents market size is anticipated to reach USD 980.9 million by 2030, growing at a CAGR of 7.2% during the forecast period, according to a new report by Grand View Research, Inc. The demand for neoteric solvents in biomass processing is growing rapidly, driven by the global push for sustainable and green chemistry solutions. These solvents offer superior efficiency in dissolving lignocellulosic biomass, enabling the extraction of high-value bioactive compounds and improving biofuel production yields. Their compatibility with integrated biorefinery models, recyclability, and alignment with tightening environmental regulations make them attractive alternatives to conventional solvents. Rising interest in bio-based materials and circular economy initiatives further supports their expanding adoption across industrial biomass valorization sectors.
The energy and electronics segment is expected to grow at a CAGR of 8.0% during the forecast period. Neoteric solvents play an important role in the electronics sector, driven by the need for high-performance, thermally stable, and non-flammable materials for advanced batteries and miniaturized electronics. Their tunable properties support precision processes in semiconductors and flexible electronics, while regulatory and ESG pressures are accelerating the shift away from VOC-based solvents. For instance, in 2024, Proionic GmbH partnered with a European battery maker to supply ionic liquid-based electrolytes for high-voltage EV batteries, enhancing performance and safety.
In pharmaceutical and life sciences, neoteric solvents, such as deep eutectic solvents and ionic liquids, are gaining traction in processes like crystallization, extraction, purification, and synthesis as eco-friendly alternatives to volatile organic solvents, driven by green chemistry principles and regulatory pressures. Their tunable properties, low toxicity, and broad solubility make them ideal for enhancing the solubility of poorly soluble APIs and extracting plant-derived compounds. For instance, DESs like choline chloride-based systems are now being explored for safe use in cosmetic and pharmaceutical formulations.
Asia Pacific leads the neoteric solvents industry, driven by the region's rapid expansion in electronics manufacturing, semiconductors, and consumer devices, and technological advancements in semiconductor production requiring high-purity solvents for 5G, AI, and IoT applications.
Neoteric Solvents Market Report Highlights:
- Based on type, Ionic Liquids (ILs) based neoteric solvents dominated with a market share of 50.7% in 2024, driven by their negligible volatility, high thermal stability, and tunable solvation properties.
- Based on application, pharmaceutical and life sciences dominate the market in 2024, due to their biocompatibility, stability, tunable structure, and ability to enhance drug solubility. The customizable cation and anion combinations of these solvents allow for targeted applications in drug delivery and biosensors and improve the pharmacokinetic properties of therapeutic molecules.
- Based on region, Europe is expected to witness the fastest CAGR of 7.8% from 2025 to 2030, attributed to a strong push toward eco-friendly, bio-based, and biodegradable solvents in response to sustainability megatrends and growing public and investor scrutiny of the environmental impact of chemical processes. This is leading to increased adoption of green solvents derived from renewable resources, supercritical fluids, and recyclable solvent systems.
- In August 2023, Proionic GmbH introduced the HIPE-REC technology, an innovative approach for efficiently recovering and recycling distillable ionic liquids used in biomass processing. This technique utilizes carefully chosen ionic liquids together with a thin-film, high-viscosity evaporation system, addressing previous issues such as excessive energy use and contamination. As a result, it achieves over 99% recovery rates, even when dealing with highly viscous biomass mixtures.
Product Code: GVR-4-68040-612-0
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Neoteric Solvents Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Neoteric Solvents Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.3. Price Trend Analysis, 2018 - 2030
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Industry Analysis Tools
- 3.5.1. Porter's Five Forces Analysis
- 3.5.2. Macro-Environmental Analysis
Chapter 4. Neoteric Solvents Market: Solvent Type Estimates & Trend Analysis
- 4.1. Solvent Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Neoteric Solvents Market Estimates & Forecast, By Solvent Type, 2018 To 2030 (Tons) (USD Million)
- 4.3. Ionic Liquids (ILs)
- 4.3.1. Ionic Liquids (ILs) Based Neoteric Solvents Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.4. Deep Eutectic Solvents
- 4.4.1. Deep Eutectic Solvents Based Neoteric Solvents Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.5. Supercritical Fluids
- 4.5.1. Supercritical Fluids-Based Neoteric Solvents Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.6. Bio-based Solvents
- 4.6.1. Bio-based Solvents Based Neoteric Solvents Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
- 4.7. Other Type
- 4.7.1. Other Type Based Neoteric Solvents Market Estimates And Forecasts, 2018 - 2030 (Tons) (USD Million)
Chapter 5. Neoteric Solvents Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Neoteric Solvents Market Estimates & Forecast, By Application, 2018 To 2030 (Tons) (USD Million)
- 5.3. Pharmaceuticals & Life Sciences
- 5.3.1. Neoteric Solvents Market Estimates and Forecasts, By Pharmaceuticals & Life Sciences, 2018 - 2030 (Tons) (USD Million)
- 5.4. Chemical & Industrial Processing
- 5.4.1. Neoteric Solvents Market Estimates and Forecasts, By Chemical & Industrial Processing, 2018 - 2030 (Tons) (USD Million)
- 5.5. Energy & Electronics
- 5.5.1. Neoteric Solvents Market Estimates and Forecasts, By Energy & Electronics, 2018 - 2030 (Tons) (USD Million)
- 5.6. Agriculture
- 5.6.1. Neoteric Solvents Market Estimates and Forecasts, By Agriculture, 2018 - 2030 (Tons) (USD Million)
- 5.7. Other Applications
- 5.7.1. Neoteric Solvents Market Estimates and Forecasts, By Other Applications, 2018 - 2030 (Tons) (USD Million)
Chapter 6. Neoteric Solvents Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. North America Neoteric Solvents Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. Key Country Dynamics
- 6.2.2.2. U.S. Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.2.3. Canada
- 6.2.3.1. Key Country Dynamics
- 6.2.3.2. Canada Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.2.4. Mexico
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. Mexico Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3. Europe
- 6.3.1. Europe Neoteric Solvents Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3.2. Germany
- 6.3.2.1. Key Country Dynamics
- 6.3.2.2. Germany Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3.3. UK
- 6.3.3.1. Key Country Dynamics
- 6.3.3.2. UK Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3.4. France
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. France Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3.5. Italy
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. Italy Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.3.6. Spain
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Spain Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Neoteric Solvents Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.4.2. China
- 6.4.2.1. Key Country Dynamics
- 6.4.2.2. China Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.4.3. India
- 6.4.3.1. Key Country Dynamics
- 6.4.3.2. India Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. Japan Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.4.5. South Korea
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. South Korea Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Neoteric Solvents Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Key Country Dynamics
- 6.5.2.2. Brazil Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.5.3. Argentina
- 6.5.3.1. Key Country Dynamics
- 6.5.3.2. Argentina Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.6.2. Saudi Arabia
- 6.6.2.1. Key Country Dynamics
- 6.6.2.2. Saudi Arabia Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. Key Country Dynamics
- 6.6.3.2. South Africa Neoteric Solvents Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Million)
Chapter 7. Neoteric Solvents Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share/Position Analysis, 2023
- 7.4. Company Heat Map Analysis
- 7.5. Regional Market Analysis
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. BASF
- 7.7.1.1. Participant's Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Product Benchmarking
- 7.7.1.4. Recent Developments
- 7.7.2. Solvionic SA
- 7.7.2.1. Participant's Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Product Benchmarking
- 7.7.2.4. Recent Developments
- 7.7.3. Proionic GmbH
- 7.7.3.1. Participant's Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Product Benchmarking
- 7.7.3.4. Recent Developments
- 7.7.4. Scionix Ltd
- 7.7.4.1. Participant's Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Product Benchmarking
- 7.7.4.4. Recent Developments
- 7.7.5. Merck KGaA
- 7.7.5.1. Participant's Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Product Benchmarking
- 7.7.5.4. Recent Developments
- 7.7.6. IoLiTec Ionic Liquids Technologies GmbH
- 7.7.6.1. Participant's Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Product Benchmarking
- 7.7.6.4. Recent Developments
- 7.7.7. Tokyo Chemical Industry Co. Ltd.
- 7.7.7.1. Participant's Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Product Benchmarking
- 7.7.7.4. Recent Developments
- 7.7.8. Sanyo Chemical Solutions
- 7.7.8.1. Participant's Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Product Benchmarking
- 7.7.8.4. Recent Developments
- 7.7.1. BASF
Product Code: GVR-4-68040-612-0
List of Tables
- Table 1 List of Potential End-Users
- Table 2 Regulatory Framework, by Regions
- Table 3 List of Raw Material Suppliers
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 8 Italy Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 10 UK Macroeconomic Outlay
- Table 11 Spain Macroeconomic Outlay
- Table 12 China Macroeconomic Outlay
- Table 13 India Macroeconomic Outlay
- Table 14 Japan Macroeconomic Outlay
- Table 15 South Korea Macroeconomic Outlay
- Table 16 Brazil Macroeconomic Outlay
- Table 17 Argentina Macroeconomic Outlay
- Table 18 Saudi Arabia Macroeconomic Outlay
- Table 19 South Africa Macroeconomic Outlay
- Table 20 Participant's Overview
- Table 21 Financial Performance
- Table 22 Product Benchmarking
- Table 23 Company Heat Map Analysis
- Table 24 Key Strategy Mapping
List of Figures
- Fig. 1 Neoteric Solvents Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Production And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Neoteric Solvents Market Snapshot
- Fig. 7 Neoteric Solvents Market Segmental Outlook, 2023 (Tons) (USD Million)
- Fig. 8 Neoteric Solvents Market: Competitive Insights
- Fig. 9 Global Neoteric Solvents Market, 2023 (Tons) (USD Million)
- Fig. 10 Global Neoteric Solvents Market Value Chain Analysis
- Fig. 11 Neoteric Solvents Market Dynamics
- Fig. 12 Neoteric Solvents Market: Porter's Analysis
- Fig. 13 Neoteric Solvents Market: Pestel Analysis
- Fig. 14 Neoteric Solvents Market Analysis & Segment Forecast, By Solvent Type, 2018 - 2030 (Tons) (USD Million)
- Fig. 15 Ionic Liquids (ILs) Based Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 16 Deep Eutectic Solvents Based Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 17 Supercritical Fluids Based Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 18 Bio-based Solvents Based Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 19 Others Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 20 Neoteric Solvents Market Analysis & Segment Forecast, By Application, 2018 - 2030 (Tons) (USD Million)
- Fig. 21 Neoteric Solvents Market Analysis & Segment Forecast, By Pharmaceuticals & Life Sciences. 2018 - 2030 (Tons) (USD Million)
- Fig. 22 Neoteric Solvents Market Analysis & Segment Forecast, By Chemical & Industrial Processing. 2018 - 2030 (Tons) (USD Million)
- Fig. 23 Neoteric Solvents Market Analysis & Segment Forecast, By Energy & Electronics, 2018 - 2030 (Tons) (USD Million)
- Fig. 24 Neoteric Solvents Market Analysis & Segment Forecast, By Agriculture, 2018 - 2030 (Tons) (USD Million)
- Fig. 25 Neoteric Solvents Market Analysis & Segment Forecast, By Other Application. 2018 - 2030 (Tons) (USD Million)
- Fig. 26 Neoteric Solvents Market, By Region, 2023 & 2030 (%)
- Fig. 27 North America Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 28 U.S. Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 29 Canada Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 30 Mexico Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 31 Europe Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 32 Germany Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 33 UK Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 34 France Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 35 Italy Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 36 Spain Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 37 Asia Pacific Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 38 China Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 39 India Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 40 Japan Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 41 South Korea Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 42 Middle East & Africa Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 43 Saudi Arabia Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 44 South Africa Neoteric Solvents Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Million)
- Fig. 45 Neoteric Solvents Market: Company Categorization
- Fig. 46 Neoteric Solvents Market: Company Market Share Analysis
- Fig. 47 Neoteric Solvents Market: Company Market Positioning Analysis
- Fig. 48 Neoteric Solvents Market: Strategy Mapping
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