Green and Bio-Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Published: April 14, 2022 |

IMARC Services Private Limited | 143 Pages | Delivery time: 2-3 business days

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The global green and bio-solvents market reached a value of US$ 11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2027, exhibiting a CAGR of 8.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Green and bio-solvents refer to environment-friendly chemical substances that are derived from agricultural sources. They are manufactured after processing of crops, such as corn, sugarcane, and lactic acid, refined glycerin, bio-succinic acid and soybean oil. Water- and hydrocarbon-based variants are two of the most commonly used green and bio-solvents. They exhibit various advantageous properties, such as high boiling point, minimal odor, convenient recyclability and low toxicity. In comparison to the traditionally used petrochemical-based solvents, they emit a lesser amount of volatile organic compounds (VOCs) while manufacturing and handling. As a result, they find extensive applications in the manufacturing of agrochemicals, paints, coatings, printing inks, adhesives, sealants, pharmaceuticals, cosmetics and domestic cleaning products.

The growing demand for environment-friendly solvents across industries is one of the key factors creating a positive outlook for the market. Green solvents are manufactured using lactate ester solvents, which are non-carcinogenic, noncorrosive and nonozone-depleting, and are rapidly replacing synthetic solvents, such as toluene, acetone and xylene. In line with this, these solvents are also used for drug discovery and development by extracting and separating compounds from mixtures. Additionally, various advancements in production technologies and numerous product innovations are acting as other growth-inducing factors. For instance, bio-solvents are used in the agriculture industry to increased yield, improved product quality and reduced cost of production. Other factors, including the growing demand for consumer products, such as perfumes, along with extensive research and development (R&D) activities and enhanced focus on sustainable development, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global green and bio-solvents market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

Lactate Esters
Methyl Soyate Solvents
Bio-Alcohols, Bio-Diols and Bio-Glycols
D-Limonene
Others

Breakup by Application:

Paints and Coatings
Printing Inks
Cleaning Products
Adhesives and Sealants
Others

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

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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. Key Questions Answered in This Report:

How has the global green and bio-solvents market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global green and bio-solvents market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global green and bio-solvents market and who are the key players?
What is the degree of competition in the industry?

Product Code: SR0422A96_Report

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
8.2 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
8.3 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
8.4 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
8.5 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

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 US$), 2016-2021
Figure 3: Global: Green and Bio-Solvents Market: Breakup by Type (in %), 2021
Figure 4: Global: Green and Bio-Solvents Market: Breakup by Application (in %), 2021
Figure 5: Global: Green and Bio-Solvents Market: Breakup by Region (in %), 2021
Figure 6: Global: Green and Bio-Solvents Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Green and Bio-Solvents (Lactate Esters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Green and Bio-Solvents (Lactate Esters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Green and Bio-Solvents (D-Limonene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Green and Bio-Solvents (D-Limonene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Green and Bio-Solvents (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Green and Bio-Solvents (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Green and Bio-Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Green and Bio-Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Green and Bio-Solvents (Printing Inks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Green and Bio-Solvents (Printing Inks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Green and Bio-Solvents (Cleaning Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Green and Bio-Solvents (Cleaning Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Green and Bio-Solvents (Adhesives and Sealants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Green and Bio-Solvents (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Green and Bio-Solvents (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Green and Bio-Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia Pacific: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia Pacific: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Green and Bio-Solvents Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Green and Bio-Solvents Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Green and Bio-Solvents Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Green and Bio-Solvents Market: Competitive Structure
Table 6: Global: Green and Bio-Solvents Market: Key Players