United States Green Solvents Market 2025: Industry Developments, Future Growth, Share & Industry Insights | BASF SE, Cargill Incorporated, Lyondell Basell Industries NV, Nexant, Astrobio

"Green Solvents Market is estimated to grow at a CAGR 4.9% during the forecast period 2024-2031" As per DataM intelligence research report

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USA - Recent Industry Developments: 2025

✅ 2025-06-04: Aditya Birla Advanced Materials (Aditya Birla Group) acquired Cargill's specialty chemicals manufacturing facility in Dalton, Georgia - a US M&A that strengthens capacity in specialty chemicals (relevant to green/biobased production capacity and supply chains).

✅ 2024-09-16: Eastman launched a new high-purity electronic-grade solvent (EastaPure portfolio expansion) targeted at semiconductor and electronics cleaning - relevant because demand for lower-impact, high-purity solvents in US electronics supply chains is rising.

Europe - Recent Industry Developments: 2025

✅ 2024-08-08: BASF announced it will phase out fossil-based Ethyl Acrylate and switch to bio-based Ethyl Acrylate (EA) from Q4 2024 a major product portfolio shift toward bio-based solvents/intermediates.

✅ 2025-06-10: BASF completed the transition of its Rheovis® range to include bio-based Ethyl Acrylate with measurable biogenic content and reduced product carbon footprint - a product-line move that expands bio-based solvent use in coatings.

✅ 2025-03-12: Evonik launched its first mass-balanced coating additives (TEGO® Wet 270 eCO and TEGO® Foamex 812 eCO) - these lower-carbon / mass-balanced options are part of the broader trend of greener solvent/additive offerings in Europe.

✅ 2023-2024 (ongoing): Solvay has been expanding production and launches for bio-based / readily-biodegradable solvents (Augeo® portfolio and related launches showcased at industry events), continuing commercialization of bio-based solvents in Europe.

Japan - Recent Industry Developments: 2025

✅ 2024-10-21: Mitsubishi Chemical Group (MCG) launched higher-biomass-content grades of BENEBiOLTM (a biomass-based polycarbonate diol used in coatings), a sustainability-driven product launch relevant to green coating formulations (adjacent to green solvent adoption).

✅ 2024-03-22: Mitsui Chemicals launched recycled chemical products made with pyrolysis oil from plastic waste - a Japanese commercialization move toward circular feedstocks that can influence green-solvent supply chains.

✅ 2025 (company activity): Mitsui Chemicals continued ISCC/ mass-balance and bio/circular initiatives (e.g., ISCC PLUS certification, partnerships and product development) - indicating ongoing product and feedstock moves toward greener solvents and circular chemistry.

South Korea - Recent Industry Developments: 2025

✅ 2025-08-14: LG Chem broke ground on Korea's first HVO/bio-oil plant (a hydrotreated vegetable oil / sustainable feedstock facility) in collaboration with partners - large feedstock projects like this support future bio-based solvent and green-chemical production in Korea.

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Key market growth drivers:

✅ Stricter environmental & VOC regulations - tighter air-quality and emissions rules for volatile organic compounds (VOCs) are forcing formulators in coatings, adhesives and cleaning to adopt low-VOC, bio-based solvent alternatives.

✅ Corporate sustainability commitments & circularity - end-users (paint/coatings, pharma, electronics, personal care) prioritize renewable, lower-toxicity solvents to meet ESG targets and customer demand.

✅ Crude-oil price volatility and supply concerns - fluctuations in petroleum feedstock costs make bio-based and renewable solvent economics comparatively attractive.

✅ Broader industrial adoption (paints & coatings, pharmaceuticals, agrochemicals, electronics) growth in these downstream sectors lifts demand as manufacturers reformulate products for safety and performance.

✅ R&D and technology improvements advances in bioprocessing, green chemistry and extraction methods are improving performance and lowering costs of green solvents, increasing market acceptance.

Regional share & dynamics:

Asia-Pacific (APAC) - the region is the fastest-growing and often the largest demand center, driven by large coatings/paint, chemical and pharmaceutical manufacturing bases, rapid industrialization, and increasing regulatory pressure in countries such as China, Japan and South Korea. Several market reports point to APAC as the adoption leader.

North America - strong in product innovation, biofeedstock supply chains and early adoption (significant market share in many analyst estimates); regulatory drivers (EPA/state rules) and corporate ESG programs support uptake.

Europe - high regulatory stringency (REACH, VOC limits) and sustainability mandates mean steady demand and premium pricing, though growth rates vary by country.

Market Key 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

Segment Covered in the Market:

By Type (Esters, Alcohols, Diols & Glycols, D-Limonene)

By Application (Adhesives & Sealants, Paints & Coatings, Pharmaceuticals, Printing Inks, Industrial and domestic cleaners)

Research Process:

Both primary and secondary data sources have been used in the Green Solvents Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Most Frequently Asked Questions in the Green Solvents Market Research Industry:

➠ Who leads the Green Solvents industry and what's their competitive positioning regarding capacity, performance, and profitability?
➠ What growth opportunities and market challenges do Green Solvents market vendors face?
➠ Which segments show the highest growth potential and market share distribution?
➠ What factors are driving or limiting Green Solvents market growth?
➠ What are the dominant sales and distribution strategies in the Green Solvents industry?

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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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