PUBLISHER: IMARC | PRODUCT CODE: 1642847
PUBLISHER: IMARC | PRODUCT CODE: 1642847
Green and Bio-Solvents Market Size, Share, Trends and Forecast by Type, Application, and Region, 2025-2033
The global green and bio-solvents market size was valued at USD 13.85 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 25.62 Billion by 2033, exhibiting a CAGR of 6.51% during 2025-2033. North America currently dominates the market, holding a significant market share of over 36.7% in 2024. The increasing focus of key players on sustainable development and the rising usage of environment-friendly solvents are primarily driving the growth of the green and bio-based solvents market.
Global Green and Bio-Solvents Market Analysis:
Major Market Drivers: The increasing usage of green and bio-based solvents for drug discovery is one of the key factors propelling the market growth. Moreover, these solvents are widely utilized in the agriculture industry, as they assist in reducing the costs of production, enhancing product quality, increasing yield, etc., thereby augmenting the green and bio-based solvents market share.
Key Market Trends: The emerging applications of green and bio-based solvents for separating compounds from mixtures are one of the emerging trends in the market. Furthermore, extensive investments in R&D activities and numerous advancements in production technologies are also fueling the green and bio-based solvents market growth.
Geographical Trends: According to the green and bio-solvents market research, North America accounted for the largest market share. The launch of government policies in the region to replace petroleum-based solvents is positively influencing the market in North America. Besides this, the elevating emphasis of manufacturers on improving production processes related to green and bio-based solvents will continue to drive the regional market in the coming years.
Competitive Landscape: Some of the leading players in the global green and bio-solvents market include Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V., and Vertec Biosolvents Inc., among many others.
Challenges and Opportunities: The wide accessibility of green and bio-based solvents can be limited than conventional solvents, which, in turn, can be a challenge for sectors that need large quantities of solvents. However, extensive R&D activities to enhance green and bio-based solvents are expected to fuel the global market in the coming years.
Global Green and Bio-Solvents Market Trends:
Rising Environmental Concerns
The increasing adoption of agricultural sources to extract green solvents, including distilled glycerin, lactic acid, maize, bio-succinic acid, etc., is positively impacting the green and bio-solvents market outlook. Additionally, the growing demand for eco-friendly consumer products, including perfume, owing to the European Commission (EC) and Eco-product Certification Scheme (ECS), is driving the usage of green and bio-based solvents in their production. Apart from this, as the adoption of hazardous substances and solvents has negative impacts on the environment, producers are focusing on using green and bio-based solvents, as they generate lesser volatile organic compounds (VOCs) emissions than conventional petroleum-based solvents.
Stringent Government Regulations
The green and bio-solvents market demand is propelled by the rising emphasis of government bodies on using bio-based products. For example, according to a report released by the Organization for Economic Co-operation and Development (OECD), the German Environment Agency (UBA), Nature Conservation and Nuclear Safety (BMU), the Swiss Federal Office for the Environment (FOEN), the Swiss State Secretariat for Economic Affairs (SECO), and the German Federal Ministry for the Environment are all actively encouraging the adoption of bio-based goods in a wide array of sectors. This, in turn, will provide lucrative growth opportunities for green and bio-solvent market revenue in the foreseeable future.
Diverse Applications of Product
The development of bio-based or green adhesives and sealants that are produced by using ingredients, including vegetable oil, proteins, starch, etc., is augmenting the market growth. Furthermore, according to Anagha Engineers, the adhesives and sealant sector is helping other conventional businesses in their initial transition to sustainability. In line with this, the percentage of green and bio-based solvents employed in the pharmaceutical industry ranges from 80% to 90%. Besides this, recent research has focused on the use of bio-based chemicals manufactured from agricultural wastes as green solvents to introduce novel pharmaceutical ingredients as a renewable alternative to fossil chemicals. Such innovations related to the utilization of green solvents in the pharmaceutical industry are projected to bolster the green and bio-solvents market value over the forecasted period.
Green and Bio-Solvents Industry Segmentation:
Breakup by Type:
Lactate Esters
Methyl Soyate Solvents
Bio-Alcohols, Bio-Diols and Bio-Glycols
D-Limonene
Others
Bio-alcohols, bio-diols and bio-glycols hold the majority of the total market share
The widespread adoption of bio-based diols for adhesives and sealants, polyurethane coatings, elastomers, foam applications, etc., is catalyzing the market growth in the segmentation. Moreover, these greener alternatives are gaining popularity, on account of a 61% reduction in greenhouse gas emissions as compared to petroleum-based products. Besides this, the Pacific Northwest National Laboratory (PNNL) introduced the catalytic process for converting plant-based raw material to produce bio-based glycol. Consequently, these green and bio-based solvents find widespread applications across the globe.
Breakup by Application:
Paints and Coatings
Printing Inks
Cleaning Products
Adhesives and Sealants
Others
Paints and coatings currently exhibit a clear dominance in the market
The elevating usage of lactate ester solvents in the paints and coatings industry is augmenting the market growth in the segmentation. Moreover, the shifting preferences from solvents, including toluene, acetone, NMP, xylene, etc., towards ethyl lactate in the coatings industry are acting as significant growth-inducing factors. Besides this, the growing housing construction and the inflating income-levels of individuals in countries, such as Mexico, India, China, Brazil, etc., are escalating the demand for paints and coatings, which, in turn, will augment the green and bio-based solvents market over the forecasted period.
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America leads the market, accounting for the largest green and bio-solvents market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
Favorable government regulations in the region and several investments in R&D activities are fueling the market growth in North America. Moreover, in countries, including Germany, there is an increasing demand for green and bio-based solvents, particularly in the automotive and cosmetics industry, which is catalyzing the North America green and bio-based solvents market.
Leading Key Players in the Green and Bio-Solvents Industry:
The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
Archer Daniels Midland Company
BASF SE
Cargill
Incorporated
CREMER OLEO GmbH & Co. KG
Dow Inc.
Elevance Renewable Sciences Inc.
Florachem Corporation
Huntsman Corporation
LyondellBasell Industries N.V.
Vertec Biosolvents Inc.
Key Questions Answered in This Report
- 1. What are green and bio-solvents?
- 2. How big is the global green and bio-solvents market?
- 3. What is the expected growth rate of the global green and bio-solvents market during 2025-2033?
- 4. What are the key factors driving the global green and bio-solvents market?
- 5. What is the leading segment of the global green and bio-solvents market based on type?
- 6. What is the leading segment of the global green and bio-solvents market based on application?
- 7. What are the key regions in the global green and bio-solvents market?
- 8. Who are the key players/companies in the global green and bio-solvents market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Green and Bio-Solvents Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Lactate Esters
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Methyl Soyate Solvents
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Bio-Alcohols, Bio-Diols and Bio-Glycols
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 D-Limonene
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Paints and Coatings
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Printing Inks
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Cleaning Products
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Adhesives and Sealants
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Archer Daniels Midland Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 BASF SE
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Cargill, Incorporated
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 SWOT Analysis
- 13.3.4 CREMER OLEO GmbH & Co. KG
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Dow Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Elevance Renewable Sciences, Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Florachem Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Huntsman Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 LyondellBasell Industries N.V.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Vertec Biosolvents Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 Archer Daniels Midland Company
List of Figures
- Figure 1: Global: Green and Bio-Solvents Market: Major Drivers and Challenges
- Figure 2: Global: Green and Bio-Solvents Market: Sales Value (in Billion USD), 2019-2024
- Figure 3: Global: Green and Bio-Solvents Market: Breakup by Type (in %), 2024
- Figure 4: Global: Green and Bio-Solvents Market: Breakup by Application (in %), 2024
- Figure 5: Global: Green and Bio-Solvents Market: Breakup by Region (in %), 2024
- Figure 6: Global: Green and Bio-Solvents Market Forecast: Sales Value (in Billion USD), 2025-2033
- Figure 7: Global: Green and Bio-Solvents (Lactate Esters) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 8: Global: Green and Bio-Solvents (Lactate Esters) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 9: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 10: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 11: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 12: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 13: Global: Green and Bio-Solvents (D-Limonene) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 14: Global: Green and Bio-Solvents (D-Limonene) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 15: Global: Green and Bio-Solvents (Other Types) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 16: Global: Green and Bio-Solvents (Other Types) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 17: Global: Green and Bio-Solvents (Paints and Coatings) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 18: Global: Green and Bio-Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 19: Global: Green and Bio-Solvents (Printing Inks) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 20: Global: Green and Bio-Solvents (Printing Inks) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 21: Global: Green and Bio-Solvents (Cleaning Products) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 22: Global: Green and Bio-Solvents (Cleaning Products) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 23: Global: Green and Bio-Solvents (Adhesives and Sealants) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 24: Global: Green and Bio-Solvents (Adhesives and Sealants) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 25: Global: Green and Bio-Solvents (Other Applications) Market: Sales Value (in Million USD), 2019 & 2024
- Figure 26: Global: Green and Bio-Solvents (Other Applications) Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 27: North America: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 28: North America: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 29: United States: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 30: United States: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 31: Canada: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 32: Canada: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 33: Asia Pacific: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 34: Asia Pacific: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 35: China: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 36: China: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 37: Japan: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 38: Japan: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 39: India: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 40: India: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 41: South Korea: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 42: South Korea: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 43: Australia: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 44: Australia: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 45: Indonesia: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 46: Indonesia: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 47: Others: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 48: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 49: Europe: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 50: Europe: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 51: Germany: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 52: Germany: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 53: France: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 54: France: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 55: United Kingdom: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 56: United Kingdom: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 57: Italy: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 58: Italy: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 59: Spain: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 60: Spain: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 61: Russia: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 62: Russia: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 63: Others: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 64: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 65: Latin America: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 66: Latin America: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 67: Brazil: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 68: Brazil: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 69: Mexico: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 70: Mexico: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 71: Others: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 72: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 73: Middle East and Africa: Green and Bio-Solvents Market: Sales Value (in Million USD), 2019 & 2024
- Figure 74: Middle East and Africa: Green and Bio-Solvents Market Forecast: Sales Value (in Million USD), 2025-2033
- Figure 75: Global: Green and Bio-Solvents Industry: SWOT Analysis
- Figure 76: Global: Green and Bio-Solvents Industry: Value Chain Analysis
- Figure 77: Global: Green and Bio-Solvents Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Green and Bio-Solvents Market: Key Industry Highlights, 2024 and 2033
- Table 2: Global: Green and Bio-Solvents Market Forecast: Breakup by Type (in Million USD), 2025-2033
- Table 3: Global: Green and Bio-Solvents Market Forecast: Breakup by Application (in Million USD), 2025-2033
- Table 4: Global: Green and Bio-Solvents Market Forecast: Breakup by Region (in Million USD), 2025-2033
- Table 5: Global: Green and Bio-Solvents Market: Competitive Structure
- Table 6: Global: Green and Bio-Solvents Market: Key Players
