Global Green Solvent Market Size – By Type (Bio-Alcohols, Bio-Glycols, Lactate Esters, D-Limonene, Methyl Soyate and Others), By End-use (Chemical Intermediate, Pharmaceuticals, Printing Inks, Paints & Coatings, Cosmetics & Personal Care, Other) & Region – Global Forecasts 2024 - 2034
- PUBLISHED ON
- 2024-06-28
- NO OF PAGES
- 195
- CATEGORY
- Chemicals & Materials
Market Overview
The Green Solvent market is predicted to develop at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2034, when it is projected to reach USD 4,374.83 Million in 2034, based on an average growth pattern. The market is estimated to reach a value of USD 1,953.27 Million in 2024.
SOURCE: We Market Research
A green solvent,
also known as an eco-friendly solvent or sustainable solvent, is a type of
chemical solvent that is designed and formulated to have minimal impact on the
environment compared to traditional solvents. These solvents are typically
derived from renewable resources such as biomass, agricultural products, or
waste materials, or they may be synthesized using processes that minimize
environmental harm.
The global green
solvent market refers to the segment of the chemicals industry focused on
environmentally friendly solvents that are derived from renewable resources or
have minimal environmental impact compared to conventional solvents. These
solvents are designed to reduce volatile organic compound (VOC) emissions,
minimize toxicity, and contribute to sustainable practices across industries
such as paints and coatings, adhesives, pharmaceuticals, and personal care
products. The market encompasses the production, distribution, and adoption of
green solvents driven by regulatory requirements, consumer demand for
eco-friendly products, and advancements in green chemistry and technology.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 1,953.27 Million |
|
Market Forecast in 2034 |
USD 4,374.83 Million |
|
CAGR % 2024-2034 |
8.5% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Type, By End-use and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Green Solvent
Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Green Solvent Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Green Solvent Segmentation
Market- By Type Analysis
By Type, the Green Solvent market is categories into Bio-Alcohols, Bio-Glycols, Lactate Esters, D-Limonene, Methyl Soyate and Others. Bio-alcohols segments dominate the market with the largest share, accounting for over 32% of the market in 2023. Bio-alcohols are derived from renewable resources such as biomass feedstocks or agricultural residues. They are used as solvents in various applications including paints, coatings, and cleaning products.
The
following segments are part of an in-depth analysis of the global Green Solvent
market:
|
Market Segments |
|
|
By Type |
·
Bio-Alcohols o
Bio-Methanol o
Bio-Ethanol o
Others ·
Bio-Glycols ·
Lactate Esters ·
D-Limonene ·
Methyl Soyate ·
Others |
|
By End-use |
·
Chemical Intermediate ·
Pharmaceuticals ·
Printing Inks ·
Paints & Coatings ·
Cosmetics & Personal Care ·
Other |
Green Solvent Industry: Regional Analysis
Europe Market Forecast
Europe dominates
the global Green Solvent market, accounting for around 43% of the market share
in 2023. Europe is a leading market for Green Solvents, characterized by robust
regulatory frameworks promoting bio-based materials, sustainable manufacturing
practices, and green chemistry innovations.
North America Market Statistics
North America
holds a significant share in the global Green Solvent market, driven by
stringent environmental regulations, advanced technology adoption, and strong
demand from industries such as chemicals, coatings, and pharmaceuticals.
Asia Pacific Market Forecasts
Asia Pacific is
the fastest-growing region for Green Solvents, driven by rapid industrialization,
urbanization, and stringent environmental policies in countries like China,
India, and Japan.
Middle East & Africa Market Statistics
MEA region shows
moderate growth in the Green Solvent market, with increasing adoption in
countries focusing on sustainable development and environmental conservation.
Key Market Players
·
BASF SE
·
The Dow Chemical Company
·
Huntsman Corporation
·
Solvay S.A.
·
LyondellBasell Industries Holdings
B.V.
·
Vertec BioSolvents Inc.
·
Cargill, Incorporated
·
BioAmber Inc.
·
Cremer Oleo GmbH & Co. KG
·
Gevo, Inc.
·
Other
1.
Global
Green Solvent Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Green Solvent Market
Scope and Market Estimation
1.2.1.Global Green Solvent Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2.Global Green Solvent Market
Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1.Type of Global Green Solvent
Market
1.3.2.End-use of Global Green Solvent
Market
1.3.3.Region of Global Green Solvent
Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1.Drivers
2.5.2.Limitations
2.5.3.Opportunities
2.5.4.Impact Analysis of Drivers and
Restraints
2.6. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.7. Cost Tear Down Analysis
2.8. Key Developments
2.9. Porter’s Five Forces Analysis
2.9.1.Bargaining Power of Suppliers
2.9.2.Bargaining Power of Buyers
2.9.3.Threat of Substitutes
2.9.4.Threat of New Entrants
2.9.5.Competitive Rivalry
2.10. PEST Analysis
2.10.1. Political Factors
2.10.2. Economic Factors
2.10.3. Social Factors
2.10.4. Technology Factors
2.11. Value Chain / Ecosystem Analysis
2.12. Key Regulation
2.13. Production Process Overview
3.
Global Green Solvent Market Estimates & Historical Trend Analysis (2019 - 2023)
4.
Global Green Solvent Market Estimates & Forecast Trend Analysis, by
Type
4.1. Global Green Solvent Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Type, 2019 -
2034
4.1.1.Bio-Alcohols
4.1.1.1.
Bio-Methanol
4.1.1.2.
Bio-Ethanol
4.1.1.3.
Others
4.1.2.Bio-Glycols
4.1.3.Lactate Esters
4.1.4.D-Limonene
4.1.5.Methyl Soyate
4.1.6.Others
5.
Global Green Solvent Market Estimates & Forecast Trend Analysis, by
End-use
5.1. Global Green Solvent Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by End-use, 2019 -
2034
5.1.1.Chemical Intermediate
5.1.2.Pharmaceuticals
5.1.3.Printing Inks
5.1.4.Paints & Coatings
5.1.5.Cosmetics & Personal Care
5.1.6.Other
6.
Global Green Solvent Market Estimates & Forecast Trend Analysis,
by Region
6.1. Global Green Solvent Market
Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019 -
2034
6.1.1.North America
6.1.2.Western Europe
6.1.3.Eastern Europe
6.1.4.Asia Pacific
6.1.5.Middle East & Africa
6.1.6.Latin America
7.
North
America Green Solvent Market: Estimates & Forecast Trend Analysis
7.1.
North
America Green Solvent Market Assessments & Key Findings
7.1.1.North America Green Solvent
Market Introduction
7.1.2.North America Green Solvent
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
7.1.2.1. By Type
7.1.2.2. By End-use
7.1.2.3. By Country
7.1.2.3.1. The U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Western
Europe Green Solvent Market: Estimates & Forecast Trend Analysis
8.1. Western Europe Green Solvent
Market Assessments & Key Findings
8.1.1.Western Europe Green Solvent
Market Introduction
8.1.2.Western Europe Green Solvent
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
8.1.2.1. By Type
8.1.2.2. By End-use
8.1.2.3.
By
Country
8.1.2.3.1.
Germany
8.1.2.3.2.
Italy
8.1.2.3.3.
U.K.
8.1.2.3.4.
France
8.1.2.3.5.
Spain
8.1.2.3.6.
Benelux
8.1.2.3.7.
Nordics
8.1.2.3.8. Rest
of W. Europe
9.
Eastern
Europe Green Solvent Market: Estimates & Forecast Trend Analysis
9.1. Eastern Europe Green Solvent
Market Assessments & Key Findings
9.1.1.Eastern Europe Green Solvent
Market Introduction
9.1.2.Eastern Europe Green Solvent
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
9.1.2.1. By Type
9.1.2.2. By End-use
9.1.2.3.
By
Country
9.1.2.3.1.
Russia
9.1.2.3.2.
Hungary
9.1.2.3.3.
Poland
9.1.2.3.4.
Balkan & Baltics
9.1.2.3.5. Rest of E. Europe
10. Asia Pacific Green
Solvent Market: Estimates &
Forecast Trend Analysis
10.1. Asia Pacific Market Assessments
& Key Findings
10.1.1. Asia Pacific Green Solvent
Market Introduction
10.1.2. Asia Pacific Green Solvent
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
10.1.2.1. By Type
10.1.2.2. By End-use
10.1.2.3. By Country
10.1.2.3.1. China
10.1.2.3.2. Japan
10.1.2.3.3. India
10.1.2.3.4. Australia & New Zealand
10.1.2.3.5. South Korea
10.1.2.3.6. ASEAN
10.1.2.3.7. Rest of Asia Pacific
11. Middle East & Africa Green
Solvent Market: Estimates &
Forecast Trend Analysis
11.1. Middle East & Africa Market
Assessments & Key Findings
11.1.1. Middle
East & Africa Green
Solvent Market Introduction
11.1.2. Middle
East & Africa Green
Solvent Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
11.1.2.1. By Type
11.1.2.2. By End-use
11.1.2.3. By Country
11.1.2.3.1. UAE
11.1.2.3.2. Saudi
Arabia
11.1.2.3.3. Turkey
11.1.2.3.4. South
Africa
11.1.2.3.5. Rest of
MEA
12. Latin America
Green Solvent Market: Estimates &
Forecast Trend Analysis
12.1. Latin America Market Assessments
& Key Findings
12.1.1. Latin America Green Solvent
Market Introduction
12.1.2. Latin America Green Solvent
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
12.1.2.1. By Type
12.1.2.2. By End-use
12.1.2.3. By Country
12.1.2.3.1. Brazil
12.1.2.3.2. Argentina
12.1.2.3.3. Colombia
12.1.2.3.4. Rest of
LATAM
13. Country Wise Market:
Introduction
14. Competition Landscape
14.1. Global Green Solvent Market Product
Mapping
14.2. Global Green Solvent Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
14.3. Global Green Solvent Market Tier
Structure Analysis
14.4. Global Green Solvent Market
Concentration & Company Market Shares (%) Analysis, 2023
15. Company Profiles
15.1. BASF SE
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. SWOT Analysis
15.1.5. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. The Dow
Chemical Company
15.3. Huntsman
Corporation
15.4. Solvay S.A.
15.5. LyondellBasell
Industries Holdings B.V.
15.6. Vertec
BioSolvents Inc.
15.7. Cargill,
Incorporated
15.8. BioAmber Inc.
15.9. Cremer Oleo
GmbH & Co. KG
15.10. Gevo, Inc.
15.11. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research
Findings & Conclusion
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.
To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Green Solvent Market in 2024?
Green Solvent Market was valued at USD 1,953.27 Million in 2024.
What is the growth rate for the Green Solvent Market?
Green Solvent Market size will increase at approximate CAGR of 8.5% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are BASF SE, The Dow Chemical Company, Huntsman Corporation, Solvay S.A., LyondellBasell Industries Holdings B.V., Vertec BioSolvents Inc., Cargill, Incorporated, BioAmber Inc., Cremer Oleo GmbH & Co. KG, Gevo, Inc. and others.
Which region dominates the Green Solvent Market?
Europe dominates the market with an active share of 43%.
}})
Select a license type that suits your business needs
US $3499
Only Three Thousand Four Hundred Ninety Nine US dollar
- 1 User access
- 15% Additional Free Customization
- Free Unlimited post-sale support
- 100% Service Guarantee until achievement of ROI
US $4499
Only Four Thousand Four Hundred Ninety Nine US dollar
- 5 Users access
- 25% Additional Free Customization
- Access Report summaries for Free
- Guaranteed service
- Dedicated Account Manager
- Discount of 20% on next purchase
- Get personalized market brief from Lead Author
- Printing of Report permitted
- Discount of 20% on next purchase
- 100% Service Guarantee until achievement of ROI
US $5499
Only Five Thousand Four Hundred Ninety Nine US dollar
- Unlimited User Access
- 30% Additional Free Customization
- Exclusive Previews to latest or upcoming reports
- Discount of 30% on next purchase
- 100% Service Guarantee until achievement of ROI