"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Green & Bio-Based Solvents Market Size, Share & Industry Analysis, By Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate, Others), By Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks, Pharmaceuticals, Cosmetics, Others) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102931 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Green & bio-based solvents are made from the vegetable oils, lactic acid, bio-succinic acid, beat, sugarcane, corn, and refined glycerin. These solvents are manufactured in a biorefinery that combines equipment and biomass conversion process, that further produces fuel and power. They are also used in the production of chemical products such as bio-glycols and bio-alcohols. Moreover, their properties includes eco-friendly, recyclable, non-carcinogenic, non-corrosive, and biodegradable. Additionally, green & bio-based solvents exhibit low miscibility, low toxicity, and high boiling point, hence, they are used as substitute products for crude oil based solvents. These solvents are majorly utilized in paints & coatings, printing inks, industrial & domestic cleaners, adhesives, pharmaceuticals, and cosmetics.


The rising use of green & bio-based solvents in various applications such as paints & coatings, pharmaceuticals, and cosmetics had led to the growth of the market. The properties such as low VOC emissions and eco-friendly nature make green & bio-based solvents the best substitute product than other chemical-based and crude oil-based solvents. These properties of the products were the prime reason for manufacturers to shift towards green solvents. Hence, increasing the growth in various applications will lead to the demand for green & bio-based solvents.

The high production cost of green & bio-based solvents is anticipated to restrain market growth.

Up Arrow

Key Market Driver -

Rising use of green & bio-based solvents in end-use segments to drive the market growth.

Down Arrow

Key Market Restraint -

High production cost is restraining the growth of the green & bio-based solvents.


Market Segmentation:


Based on type, the market for green & bio-based solvents is segmented into alcohols, glycols, diols, lactate esters, d-limonene, methyl soyate, and others. Based on application, the market is segmented into industrial & domestic cleaners, paints & coatings, adhesives, printing inks, pharmaceuticals, cosmetics, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:


Some of the key players in the green & bio-based solvents includes, BASF SE, BioAmber Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio Solvents Inc., Florida Chemicals, Lyondellbasell, and DuPont, Solvay SA, and Huntsman Corporation.

Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


To gain extensive insights into the market, Request for Customization


The green & bio-based solvents market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the highest revenue share during the forecast period, owing to the rising pharmaceuticals industry in the US and Canada. In Europe, Germany, UK, and Italy are the leading contributors, due to stringent regulations by the government to increase the use of green solvents. Asia Pacific in the third-largest contributor in the green & bio-based solvents market. The growth is attributed to the growing consumption of green solvents in paints & coatings, pharmaceuticals, cosmetics, construction, agrochemicals, and printing inks applications. The Middle East & Africa is anticipated to grow with sustainable growth, due to the growing construction industry.

Segmentation






















 ATTRIBUTE

 DETAILS

By Type



  • Alcohols

  • Glycols

  • Diols

  • Lactate Esters

  • D-Limonene

  • Methyl Soyate

  • Others



By Application



  • Industrial & Domestic Cleaners

  • Paints & Coatings

  • Adhesives

  • Printing Inks

  • Pharmaceuticals

  • Cosmetics

  • Others



By Geography



  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)



Green & Bio-Based Solvents Market Developments



  • In April 2019, Braskem introduced HE-70S, a partially renewable solvent produced from sugarcane ethanol. This new product will help the company to expand its chemical product portfolio.

  • In April 2019, Merck launched Cyrene, a new sustainable dipolar aprotic solvent. The new bio-derived product is a nontoxic alternative for N-Methyl-2-pyrrolidone, and Dimethylformamide solvents.

  • In August 2019, two partners of GREEN-CHEM namely, Circa Sustainable Chemicals UK and Green Chemistry Centre of Excellence (GCCE) developed Cyrene. The product is a safer bio-based solvent, non-toxic, and eco-friendly.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Chemicals & Materials Clients
Iwatani
3M
BASF
Mobil
uniliver
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X