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Green Solvents Market to hit US$ 4 billion by 2031 | DataM Intelligence
"Green Solvent Market reached US$ 2.27 billion in 2024 and is expected to reach US$ 4 billion by 2031, growing at a CAGR of 8.4% during the forecast period 2024-2031." As per DataM intelligence research reportThe Green Solvents Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.
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Green Solvents Market: Recent Industry Developments
✅ In 2025, Huntsman introduced I-BOND PB BIO resin series featuring ~25% bio-based content and a ~30% reduced carbon footprint, optimized for wood product manufacturing demonstrating sustainability without sacrificing compatibility.
✅ In 2025, Enzymatic and AI-driven manufacturing innovations gained traction: companies adopted biocatalysts and supercritical fluid extraction (SFE) to produce high-purity, renewable solvents more efficiently advancing green chemistry at scale.
✅ In 2025, major chemical leaders including Dow, Cargill, BASF, and ADM stepped up efforts, expanding their bio-solvent portfolios for paints, adhesives, personal care, and cleaning sectors, buoyed by favorable policy incentives and growing consumer demand.
Green Solvents Market: Drivers
The green solvents market is driven by rising demand for eco-friendly and sustainable alternatives to conventional petrochemical-based solvents. Growing concerns over environmental pollution, carbon emissions, and hazardous chemical use are fueling adoption across industries. Stringent government regulations on volatile organic compounds (VOCs) and hazardous air pollutants are accelerating the shift toward bio-based solvents. Expanding applications in paints, coatings, adhesives, and pharmaceuticals are supporting strong market growth. Increasing consumer preference for green and sustainable products is further boosting demand.
Market expansion is also supported by technological advancements in bio-refining and fermentation processes, enhancing the efficiency and cost-effectiveness of green solvents. The rise of the circular economy and renewable raw material sourcing are creating new opportunities for market players. Growing investments in R&D and collaborations between chemical companies and biotech firms are driving innovation. The food, cosmetics, and personal care industries are increasingly adopting green solvents due to their non-toxic and biodegradable properties. With sustainability becoming a global priority, the green solvents market is expected to witness robust long-term growth.
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Segment Covered in the Green Solvents Market:
➥ By Type: Esters, Alcohols, Diols & Glycols, D-Limonene
➥ By Application: Adhesives & Sealants, Paints & Coatings, Pharmaceuticals, Printing Inks, Industrial & Domestic Cleaners
Green Solvents Market: Major Players
Vertec Biosolvents, Akzo Nobel NV, The Dow Chemical Company, Shenzen Esun Industrial Company Ltd., BASF SE, Cargill Incorporated, Lyondell Basell Industries NV, Nexant, Astrobio, Florida Chemical Company Inc., and others.
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Regional Analysis:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
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