Press release
Outlook on the Green and Bio-Based Solvents Market: Major Segments, Strategic Developments, and Leading Companies
Green And Bio-Based Solvents Market
Projected Market Value and Growth Trajectory for Green and Bio-Based Solvents
The green and bio-based solvents market is anticipated to experience solid growth over the coming years, reaching a valuation of $7.57 billion by 2030. This growth reflects a compound annual growth rate (CAGR) of 7.0%. Several factors are driving this upward trend, including targets to reduce carbon footprints, the rise of sustainable manufacturing processes, stronger consumer preference for environmentally friendly products, ongoing innovations improving bio solvent performance, and growing demand from the pharmaceutical industry. Additional trends shaping this market include the increasing substitution of petroleum-based solvents, wider adoption in industrial cleaning applications, the expansion of bio-based paints and coatings, increasing regulations pushing for low-toxicity solvents, and rising demand from personal care product formulations.
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Leading Companies Driving the Green and Bio-Based Solvents Industry
The market features several prominent companies actively shaping its development. Some of the key players include Cargill Incorporated, Archer Daniels Midland Company, BASF SE, LyondellBasell Industries Holdings B.V., Sasol Limited, DowDuPont Inc., Arkema Group, IOI Oleochemical Industries Berhad, Dow Huntsman Corporation, Solvay S.A., Symrise AG, Braskem S.A., Genomatica Inc., Avantium N.V., LanzaTech Inc., Licella Holdings Pty Ltd, Novvi LLC, Vertec Biosolvents Inc., KLK OLEO Sdn Bhd, and Zenfold Sustainable Technologies Inc.
In a notable collaboration, ERM International Group Limited, a UK-based company dedicated to promoting green solvent adoption, partnered with Ayming UK Limited in February 2025. This partnership focuses on advancing the use of green solvents in sustainable pharmaceutical manufacturing by creating a supply-chain consortium and developing innovative solutions aimed at reducing greenhouse gas emissions and encouraging eco-friendly production practices.
Market Trends Shaping the Future of Green and Bio-Based Solvents
Industry leaders are putting significant emphasis on innovation to meet the demand for sustainable chemical solutions. A particular focus is on developing carbon-neutral solvent portfolios, which balance or offset their carbon emissions to achieve a net-zero climate impact.
For instance, in January 2024, Solvay S.A., a French chemical company, introduced the Augeo carbon-neutral solvent portfolio at the American Cleaning Institute's 2024 Annual Meeting. This portfolio includes solvents entirely sourced from renewable feedstocks, which are biodegradable and designed with low VOC (LVP VOC) solvent systems. These solvents serve cleaning and fragrance markets by offering excellent solubilization power, minimal odor, slow evaporation rates, and certification for a carbon-neutral life cycle achieved through high-quality offsets and renewable sourcing. This new product line aims to replace traditional petrochemical cleaning solvents, reducing the carbon footprint while enhancing sustainability credentials.
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Detailed Segmentation Overview of the Green and Bio-Based Solvents Market
The green and bio-based solvents market is categorized comprehensively to cover a wide range of products and applications:
1) By Type: Bio-Alcohols, Bio-Glycols, Bio-Diols, Ethyl Lactate, D-Limonene, Methyl Soyate
2) By Application: Paints and Coatings, Industrial and Domestic Cleaning, Printing Inks, Adhesives and Sealants, Pharmaceutical, Cosmetics, Agriculture, and Other Applications
3) By End-Use Industry: Automotive, Construction, Packaging, Personal Care, Electronics, and Other End-Uses
Subcategories within these segments include:
- Bio-Alcohols: Ethanol, Isopropanol, Butanol, Propanol
- Bio-Glycols: Ethylene Glycol, Propylene Glycol, Butylene Glycol, Glycerol
- Bio-Diols: Ethylene Diol, Propylene Diol, Butylene Diol, Hexylene Diol
- Ethyl Lactate: Food Grade, Industrial Grade, Cosmetic Grade
- D-Limonene: Orange Peel Extract, Citrus Oil Derived, Technical Grade D-Limonene, Refined D-Limonene
- Methyl Soyate: Industrial Grade, Cosmetic Grade, Cleaning Grade
This detailed classification highlights the diversity and specialized nature of the green and bio-based solvents market, reflecting its adaptability across various industries and applications.
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