2025 Green solvents Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Green solvents Industry Market Size Be by 2025?
There has been significant growth in the size of the green solvents market in the past few years. The market, which is poised to grow from $2.04 billion in 2024 to $2.22 billion in 2025, will see a compound annual growth rate (CAGR) of 8.9%. The growth seen in the historic period has been driven by factors such as environmental regulations, increased consumer awareness, an uptick in demand for environmentally friendly products, cost competitiveness, and government initiatives.

What's the Long-Term Growth Forecast for the Green solvents Market Size Through 2029?
In the coming years, the market size of green solvents is anticipated to witness significant growth, escalating to $3.04 billion by 2029 at a compound annual growth rate (CAGR) of 8.3%. The expansion during this forecast period can be ascribed to strict emission norms, the surge in the bio-based economy, circular economy efforts, hikes in R&D investments, and customer demand for transparent labels. Key trends predicted within this timeframe include advancements in green chemistry, industry alliances and joint ventures, an emphasis on reducing Volatile Organic Compounds (VOC), specifically designed application formulations, and a heightened requirement in cleaning products.

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What Are the Key Growth Drivers Fueling the Green solvents Market Expansion?
The surge in demand for environmentally-friendly solvents can have a positive impact on the expansion of the green solvents market. Environmental-friendly solvents are those that have less adverse effect on human health compared to traditional solvents and are made from sustainable materials like biomass or plants. These green solvents can decrease environmental damage associated with chemical manufacturing by acting as an alternative to usual solvents in several industrial functions. For instance, green solvents like ethanol and biodiesel have been put forward for the breakdown of lignocellulose. As per the Foreign Agricultural Service, a governmental agency in the US, the consumption of fuel ethanol in Canada saw an estimated increase of 20% in 2022, reaching to 3.4 billion liters from the previous year. Additionally, biodiesel production also rose to 416 million liters in 2022, which was an increase from 405 million liters in 2020. Thus, the escalating demand for environmentally-friendly solvents is fuelling the green solvents market growth. Growth in the green solvents market can also be fueled through heightened consciousness regarding health hazards. A rise in health risks is observed with an increase in exposure to pollutants in the environment, toxins from chemicals and risk factors connected to lifestyle such as stress, poor nutrition, and lack of physical activity. Green solvents can mitigate health risks by reducing exposure to harmful fumes and chemicals, thus minimizing risk relating to skin irritation, respiratory problems and other long-term health issues. For example, data from the Ministry of Manpower, Singapore in 2023 revealed that there were 1,229 reported cases of occupational diseases. It indicates an increase from 1,052 cases in 2022, demonstrating a rising worry about health dangers at the workplace. Therefore, the increased consciousness about health hazards is propelling the growth of the green solvents market.

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What Are the Key Trends Driving Green solvents Market Growth?
Leading enterprises active in the appendiceal cancer treatment sector are focusing on creating innovative offerings like controls aimed at confirming product effectiveness and safety, enriching patient outcomes and refining all-inclusive treatment procedures. These controls comply with structured protocols and precautions during production to ensure the final product meets established quality benchmarks and performs as anticipated. Such measures reduce defects, establish uniformity and escalate overall product dependability. For example, Eastman Chemical Company, a firm in the chemical industry based in the US, has introduced EastaPure isopropyl alcohol (IPA). Boasting a purity of 99.99%, EastaPure IPA is ideal for significant processes such as wafer fabrication and other semiconductor production phases.

How Is the Green solvents Market Segmented?
The green solvents market covered in this report is segmented -

1) By Type: Bio-Alcohols, Bio-Diols, Bio-Glycol, Lactate Esters
2) By Application: Construction, Coating, Cleaning Products, Industrial Applications, Toiletries, Cosmetics
3) By End-Use: Chemical Intermediate, Pharmaceuticals, Printing Inks, Paints And Coatings, Cosmetics And Personal Care, Other End-Uses

Subsegments:
1) By Bio-Alcohols: Ethanol, Isopropanol, Butanol
2) By Bio-Diols: Propylene Glycol, Butylene Glycol
3) By Bio-Glycol: Ethylene Glycol, Diethylene Glycol
4) By Lactate Esters: Ethyl Lactate, Butyl Lactate

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Which Companies Are Leading the Charge in Green solvents Market Innovation?
Major companies operating in the green solvents market report are Cargill Incorporated, Archer Daniels Midland Company, The Dow Chemical Company, LyondellBasell Industries Holdings B.V., Merck KGaA, Solvay S.A., DuPont de Nemours Inc., Akzo Nobel N.V., Huntsman Corporation, Stepan Company, Novozymes A/S, Praj Industries Limited, Genomatica Inc., Galactic S.A., LanzaTech Inc., Elevance Renewable Sciences Inc., SACHEM Inc., Green Biologics Limited, shenzhen esun industrial co. Ltd., CREMER OLEO GmbH & Co. KG, DMC Biotechnologies, AgroSustain S.A., Circa Group Pty. Ltd., Gevo Inc., Greenyug LLC, Botaneco Inc., Terpenoid Therapeutics, Vertec Biosolvents Inc., Myriant Corporation

Which Regions Are Leading the Global Green solvents Market in Revenue?
North America was the largest region in the green solvents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the green solvents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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