Press Release

Biosolvents Market to be dominated by North America through 2027

The growing popularity of bio-fuels and increasing penetration of biosolvents across key end-user industries are expected to drive the demand for the global biosolvents market in the forecast period, 2023-2027.


According to TechSci Research report,
Biosolvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, the global biosolvents market is anticipated to witness moderate growth over the forecast period, 2023-2027. The market is driven by the rise in health and environmental concerns regarding the use of synthetic solvents and increasing awareness about environmentally sustainable goods. Usage of conventional solvents has an adverse impact on both human health and the environment. They can cause air, land, water, and noise pollution as they emit hazardous materials like volatile compounds, greenhouse gases emission, and heavy metals that can influence human health and other species. They have accelerated the demand for biosolvents. Biosolvents are derived from agricultural sources, including lactic acid, corn, sugarcane, refined glycerin, soyabean oil, and bio-succinic acid, among others. They offer several benefits over the traditional solvents, such as worker safety, biodegradability, reduced toxicity, and are environment friendly. They are highly effective and do not release the same number of volatile organic compounds during manufacturing. Biosolvents enhance worker safety as they are non-corrosive, noncarcinogenic, and nonozone-depleting in nature.


The growing bio-based chemical industry is expected to generate a number of intermediate chemicals for the production of bioplastics. They are also expected to be used in the production of solvents as their petrochemical counterparts. Large volumes of biofuels are expected to create growth opportunities for bio-based solvents such as bio-diesel and glycerol, amongst others. Furthermore, rapid industrialization, favorable government regulations, and growing investments by the market players are expected to contribute to the global biosolvents market growth.

However, the high production cost of biosolvents and the complex production process may restrain the global biosolvents market growth in the forecast period.


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The global biosolvents market is segmented into type, application, regional distribution, and competitive landscape.

Based on type, the global biosolvents market is divided into alcohols, diols & glycols, esters, and others. Esters are expected to capture the highest market share in the forecast period, 2023-2027. The rise in awareness about the benefits of personal hygiene habits is driving the segment growth. Biosolvents are used as an intermediate in manufacturing industrial cleaning agents, detergents, and other products. The high demand for esters to be used in printing inks, coatings, and industrial and other end-user applications is expected to bolster the global biosolvents market growth in the coming years.


Based on application, the global biosolvents market is divided into industrial & domestic cleaners, paints & coatings, adhesives & sealants, printing inks, and others. Paints & coatings are expected to account for a significant market share in the forecast period, 2023-2027. The booming automotive and construction industries and the rapid population and economic growth are driving the segment demand. The rise in environmental concerns and the high demand from end-user industries are expected to fuel the demand for environment-friendly solvents or biosolvents in the coming years.


Major market players operating in the global biosolvents market are:

·         Archer Daniels Midland Company

·         BASF SE

·         Solvay SA

·         CREMER OLEO GmbH & Co. KG

·         Vertec Biosolvents Inc.

·         Cargill, Inc.

·         Stephan Company

·         Corbion NV

·         Dow Inc.

·         GF Biochemicals Limited


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“North America dominates the global biosolvents market and is expected to maintain its dominance over the forecast period, 2023-2027. The presence of a large number of market players in the region, such as Cargill Incorporated and The Dow Chemical Co., has advanced product research and development capabilities to produce cost-effective and environment-friendly solvents. Increasing demand for environment-friendly solvents and the ongoing technological advancements to meet stringent regulations on VOC emissions from solvents are expected to propel the global biosolvents market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.


Biosolvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Alcohols, Diols & Glycols, Esters, Others), By Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives & Sealants, Printing Inks, Others), and By Region”, has evaluated the future growth potential of global biosolvents market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global biosolvents market.


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Biosolvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Alcohols, Diols & Glycols, Esters, Others), By Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives & Sealants, Printing Inks, Others), and By Region

Chemicals | Oct, 2022

Increasing penetration of biosolvents across key end-user industries and the growing popularity of bio-fuels are expected to drive the demand for the global biosolvents market in the forecast period, 2023-2027.

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