Explosive Growth Ahead: Deep Eutectic Solvents Market to Reach USD 676.12 Million by 2034

Deep Eutectic Solvents Market
The deep eutectic solvents market report by Polaris Market Research offers an in-depth analysis of the rapidly growing sector. It covers all the key market aspects, including market share, size, trends, and recent developments. An examination of the competitive landscape, market segments, and top regions has also been provided.
The global deep eutectic solvents market size was valued at USD 165.68 million in 2024. It is projected to grow to USD 676.12 million by 2034, exhibiting a compound annual growth rate (CAGR) of 15.1% from 2025 to 2034.

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Market Introduction

Deep eutectic solvents are a class of green solvents. They are formed by mixing two or more components that interact to form a eutectic mixture. The melting point of the resulting mixture is significantly lower than either of the individual components. Unlike traditional solvents, deep eutectic solvents are often biodegradable, non-toxic, and easy to prepare. This makes them an environmentally friendly alternative to conventional organic solvents and even ionic liquids. These solvents are broadly used in electrochemistry, pharmaceuticals, metal processing, biomass conversion, and extraction processes.

Market Growth Drivers

• Stringent International Environmental Regulations: Global industrial regulations such as the REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in the European Union and the Toxic Substances Control Act (TSCA) in the US are prompting industries to shift toward safer and more sustainable chemical alternatives. The regulations aim to lower the environmental impact of hazardous substances by lowering the use of toxic chemicals in production processes. Thus, stringent international environmental regulations are propelling the deep eutectic solvents market forward.

• Rising R&D Investments: The rising global emphasis on green technologies is propelling increased investments in R&D for alternative technologies. Public and private stakeholders are making significant contributions to the funding of green chemistry initiatives, aiming to develop sustainable materials that help reduce the environmental impact of industrial processes.

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Deep Eutectic Solvents Market Report Highlights

• In terms of type, the quaternary ammonium salt based segment dominated the market share in 2024, due to the excellent physicochemical properties such as low volatility, high thermal stability, and strong solvating ability.
• Based on application, the extraction processes segment is dominating the market.
• In 2024, Asia Pacific led in the deep eutectic solvents market revenue share, due to the emerging pharmaceutical manufacturing hubs in the region.
• The market is set for significant growth due to the rising R&D investments and green chemistry funding globally.
• A few global key market players include Abbott Laboratories; Arkema S.A.; BASF SE; Brainerd Chemical Company, Inc.; and ChemEutectics Inc.

Market Key Players

The market is characterized by intense competition. The top market participants are investing heavily in R&D initiatives to increase their portfolios of environmentally friendly and biodegradable solvents. A few of the major market participants are:
• Arkema S.A.
• BASF SE
• Brainerd Chemical Company, Inc.
• ChemEutectics Inc.
• DES Developments Pty Ltd
• GATTEFOSSE SAS
• Iolitec Ionic Liquids Technologies GmbH
• Merck KGaA
• Proionic GmbH
• Solvay S.A.
• The Chemours Company
• Thermo Fisher Scientific Inc.

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Segmental Analysis

The market is primarily segmented on the basis of type, application, and end-use industry.
Based on type, the quaternary ammonium salt-based segment accounted for the largest market revenue share in 2024. This is primarily due to its excellent physicochemical properties, which makes them attractive across various industrial applications.
By application, the pharmaceuticals segment is expected to register the highest CAGR from 2025 to 2034. Deep eutectic solvents offer significant potential in type, solubilization, and delivery systems. Their use can improve the solubility of poorly water-soluble drugs and enhance bioavailability.

Regional Overview

Regional analysis provides an examination of the key variables, including social,
physical, and economic, in a regional context. It helps companies understand
the needs and wants of their customers in target markets. Thus, stakeholders
can make informed decisions about their products or service offerings. Also,
regional analysis assists businesses in identifying regions with high growth
potential and where they should focus their efforts. Furthermore, it can help
stakeholders understand local conditions to analyze policy related to global
change.

The key regions and sub-regions of the Deep Eutectic Solvents Market covered in the research report are:
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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