Green and Bio-Solvents Market By Size, Share Trends, Growth, Forecast 2028

Report Description

Global Green & Bio-Solvents Market is anticipated to grow at a robust CAGR during the forecast period, 2024-2027. This can be ascribed to the growing demand for green chemicals among the population. Additionally, growing environmental awareness and imposition of regulations to reduce greenhouse and volatile organic compounds emissions is expected to support the market growth through 2028. Besides, growing application of green & Biosolvents among various applications such as cleaning, plant protection oil, wetting agents, among others is further expected to support the market growth in the coming years.

Green & Bio-Solvents are generated from crops and are an environmentally beneficial alternative to conventional solvents. These organic solvents have many benefits, including reducing labor exposure to dangerous substances and protecting workspaces. Reducing the number of chemical compounds discharged into the air from coated surfaces like furniture and flooring increases security in homes and buildings. They also aid in reducing manufacturing operations’ impact on the environment. This in turn is expected to support the market growth in the coming years.

Increasing Concern for Environmental Protection

Volatile Organic Compounds (VOC) evaporate rapidly in the air and contribute to smog formation. Rapid evaporation of volatile organic compounds (VOC) is a factor contributing to smog development. Smog causes damage to the environment and human health. Most of the solvents and chemicals emit VOCs causing harm to the environment. The growing VOC emissions requires alternatives in order to protect the environment. The United States emitted approximately 11.9 million tons of volatile organic compounds (VOC) in 2021. In comparison to the traditionally used petrochemical-based solvents, green & bio-solvents emit a lesser amount of volatile organic compounds (VOCs) while manufacturing and handling. Hence are being extensively used across wide application arenas such as manufacturing of agrochemicals, paints & coatings, adhesives & sealants, among others.

Growing adoption of green and bio-based solvents across various End User Industries

The market has expanded because of the increased use of green and bio-based solvents in a wide range of industries, including paints and coatings, pharmaceuticals, and cosmetics. Throughout the forecast period, the market for green solvents would continue to be led by the paints and coatings application segment. The use of green solvent in the paint and coating industry is fueled by growing environmental concerns as well as growing consumer awareness of eco-friendly products. However, according to the European Solvents Industry Group (ESIG), five million tonnes of solvents are consumed yearly in Europe, of which only 13% are bio-based solvents. Additionally, on the global level, biobased solvents only account for 12% of the total market.

Recent Developments

The use of green and biobased solvents in asymmetric organocatalysis is growing due to several advantages over conventional catalytic techniques, including the operational simplicity of the organocatalytic processes, the tolerance to different functional groups, the high diversity of the available organic molecules, and the stability and non-toxicity of the catalyst. Additionally, asymmetric hydrogen-bonding organocatalytic processes have been conducted using biobased solvents.

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Market Segmentation

Global Green & Bio-Solvents Market is segmented based on type, and application. Based on type, the global Green & Bio-Solvents Market can be divided into Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others. Based on Application, the market is divided into Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others. Regionally, the global green & bio-solvents market can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Market players

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. are some of the key players operating in the market.

Attribute	Details
Base Year	2022
Historic Data	2017 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million, Volume in metric tons, and CAGR for 2017-2021 and 2022-2028
Report coverage	Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Type · Application
Regional scope	North America, Europe, Asia Pacific, South America, Middle East & Africa
Country scope	France, Germany, United Kingdom, Italy, Spain; United States, Canada, Mexico; China, India, Japan, South Korea, Australia; Saudi Arabia, UAE, Egypt, Turkey, South Africa; Brazil, Argentina
Key companies profiled	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.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global Green & Bio-Solvents market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Green & Bio-Solvents Market, By Type:

Bio-Alcohols
Bio-Diols
Bio-Glycols
Methyl Soyate Solvents
Lactate Esters
Others

Green & Bio-Solvents Market, By Application:

Paints and Coatings
Adhesives and Sealants
Cleaning Products
Printing Inks
Others

Green & Bio-Solvents Market, By Region:

Europe

France
Germany
United Kingdom
Italy
Spain

North America

United States
Canada
Mexico

Asia Pacific

China
India
Japan
South Korea
Australia

Middle East & Africa

Saudi Arabia
UAE
Egypt
Turkey
South Africa

South America

Brazil
Argentina

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Green & Bio-Solvents Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Research Data

2.3.1. Secondary Data

2.3.2. Primary Data

2.4. Market Size Estimation

2.4.1. Bottom-Up Approach

2.4.2. Top-Down Approach

2.5. Market Breakdown & Triangulation

2.6. Research Assumptions

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Green & Bio-Solvents Market

5. Impact of Russia-Ukraine War on Global Green & Bio-Solvents Market

6. Global Green & Bio-Solvents Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

6.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

6.2.3. By Region (Europe, North America, Asia Pacific, South America, Middle East & Africa)

6.2.4. By Company (2021)

6.3. Market Map

6.3.1. By Type

6.3.2. By Application

6.3.3. By Region

6.4. Pricing Analysis

7. Europe Green & Bio-Solvents Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

7.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

7.2.3. By Region

7.3. Pricing Analysis

7.4. Europe: Country Analysis

7.4.1. France Green & Bio-Solvents Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value & Volume

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Type

7.4.1.2.2. By Application

7.4.2. Germany Green & Bio-Solvents Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value & Volume

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Type

7.4.2.2.2. By Application

7.4.3. United Kingdom Green & Bio-Solvents Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value & Volume

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Type

7.4.3.2.2. By Application

7.4.4. Italy Green & Bio-Solvents Market Outlook

7.4.4.1. Market Size & Forecast

7.4.4.1.1. By Value & Volume

7.4.4.2. Market Share & Forecast

7.4.4.2.1. By Type

7.4.4.2.2. By Application

7.4.5. Spain Green & Bio-Solvents Market Outlook

7.4.5.1. Market Size & Forecast

7.4.5.1.1. By Value & Volume

7.4.5.2. Market Share & Forecast

7.4.5.2.1. By Type

7.4.5.2.2. By Application

8. North America Green & Bio-Solvents Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

8.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

8.2.3. By Region

8.3. Pricing Analysis

8.4. North America: Country Analysis

8.4.1. United States Green & Bio-Solvents Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value & Volume

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Type

8.4.1.2.2. By Application

8.4.2. Canada Green & Bio-Solvents Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value & Volume

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Type

8.4.2.2.2. By Application

8.4.3. Mexico Green & Bio-Solvents Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value & Volume

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Type

8.4.3.2.2. By Application

9. Asia-Pacific Green & Bio-Solvents Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

9.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

9.2.3. By Region

9.3. Pricing Analysis

9.4. Asia-Pacific: Country Analysis

9.4.1. China Green & Bio-Solvents Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value & Volume

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Type

9.4.1.2.2. By Application

9.4.2. India Green & Bio-Solvents Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value & Volume

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Type

9.4.2.2.2. By Application

9.4.3. Japan Green & Bio-Solvents Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value & Volume

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Type

9.4.3.2.2. By Application

9.4.4. South Korea Green & Bio-Solvents Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value & Volume

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Type

9.4.4.2.2. By Application

9.4.5. Australia Green & Bio-Solvents Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value & Volume

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Type

9.4.5.2.2. By Application

10. Middle East and Africa Green & Bio-Solvents Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

10.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

10.2.3. By Region

10.3. Pricing Analysis

10.4. MEA: Country Analysis

10.4.1. Saudi Arabia Green & Bio-Solvents Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value & Volume

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Type

10.4.1.2.2. By Application

10.4.2. UAE Green & Bio-Solvents Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value & Volume

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Type

10.4.2.2.2. By Application

10.4.3. Egypt Green & Bio-Solvents Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value & Volume

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Type

10.4.3.2.2. By Application

10.4.4. Turkey Green & Bio-Solvents Market Outlook

10.4.4.1. Market Size & Forecast

10.4.4.1.1. By Value & Volume

10.4.4.2. Market Share & Forecast

10.4.4.2.1. By Type

10.4.4.2.2. By Application

10.4.5. South Africa Green & Bio-Solvents Market Outlook

10.4.5.1. Market Size & Forecast

10.4.5.1.1. By Value & Volume

10.4.5.2. Market Share & Forecast

10.4.5.2.1. By Type

10.4.5.2.2. By Application

11. South America Green & Bio-Solvents Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value & Volume

11.2. Market Share & Forecast

11.2.1. By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others)

11.2.2. By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others)

11.2.3. By Region

11.3. Pricing Analysis

11.4. South America: Country Analysis

11.4.1. Brazil Green & Bio-Solvents Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value & Volume

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Type

11.4.1.2.2. By Application

11.4.2. Argentina Green & Bio-Solvents Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value & Volume

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Type

11.4.2.2.2. By Application

12. Market Dynamics

12.1. Drivers

12.1.1. Eco-friendly and lower VOC emissions

12.1.2. Market penetration is expanding and needs to decarbonize economy

12.1.3. Stringent Rules and Regulations laid by the government

12.2. Challenges

12.2.1. Concerns over the supply of raw materials

12.2.2. Regulatory challenges

13. Market Trends & Developments

13.1. Technological Advancements

13.2. Rigorous Green & Bio-Solvent Research & Development

14. Global Green & Bio-Solvents: SWOT Analysis

15. Porter’s Five Forces Analysis

15.1. Competition in the Industry

15.2. Potential of New Entrants

15.3. Power of Suppliers

15.4. Power of Customers

15.5. Threat of Substitute Products

16. Competitive Landscape

16.1. Business Overview

16.2. Company Snapshot

16.3. Products & Services

16.4. Financials (In case of listed companies)

16.5. Recent Developments

16.6. SWOT Analysis

16.6.1. Archer Daniels Midland Company

16.6.2. BASF SE

16.6.3. Cargill Incorporated

16.6.4. Cremer oleo GmbH & Co. KG

16.6.5. Dow Inc.

16.6.6. Elevance Renewable Sciences Inc.

16.6.7. Florachem Corporation

16.6.8. Huntsman Corporation

16.6.9. LyondellBasell Industries N.V.

16.6.10. Vertec Biosolvents Inc.

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the Global Green & Bio-Solvents Market?

Rising awareness, Increased inclination towards bio-based solvents and Stringent Rules and Regulations laid by the government are expected to drive the demand for Green & Bio-Solvents Market.

Who are the top players operating in the Global Green & Bio-Solvents Market?

Which End-Use is expected to dominate the Global Green & Bio-Solvents Market in the forecast period?

Based on end-use, the Paints and Coatings segment dominated the global market. Throughout the forecasting period, the use of green solvent in the paint and coating industry is fueled by growing environmental concerns as well as growing consumer awareness of eco-friendly products.

What are the major challenges for the Global Green & Bio-Solvents Market?

The green solvent market is booming, but it still has its share of barriers to overcome. It competes with the well-established solvent industry as a relatively new product market. Petro solvents can be purchased easily, cheaply, and in copious quantities. Both the cost and accessibility of green solvents are impacted by feedstock costs and more difficult manufacture.

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