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Green and Bio-Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global green and bio-solvents market size reached US$ 11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2027, exhibiting a CAGR of 8.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Green and bio-solvents refer to environment-friendly chemical substances that are derived from agricultural sources. They are manufactured after processing of crops, such as corn, sugarcane, and lactic acid, refined glycerin, bio-succinic acid and soybean oil. Water- and hydrocarbon-based variants are two of the most commonly used green and bio-solvents. They exhibit various advantageous properties, such as high boiling point, minimal odor, convenient recyclability and low toxicity. In comparison to the traditionally used petrochemical-based solvents, they emit a lesser amount of volatile organic compounds (VOCs) while manufacturing and handling. As a result, they find extensive applications in the manufacturing of agrochemicals, paints, coatings, printing inks, adhesives, sealants, pharmaceuticals, cosmetics and domestic cleaning products.

Green and Bio-Solvents Market Trends:

The growing demand for environment-friendly solvents across industries is one of the key factors creating a positive outlook for the market. Green solvents are manufactured using lactate ester solvents, which are non-carcinogenic, noncorrosive and nonozone-depleting, and are rapidly replacing synthetic solvents, such as toluene, acetone and xylene. In line with this, these solvents are also used for drug discovery and development by extracting and separating compounds from mixtures. Additionally, various advancements in production technologies and numerous product innovations are acting as other growth-inducing factors. For instance, bio-solvents are used in the agriculture industry to increased yield, improved product quality and reduced cost of production. Other factors, including the growing demand for consumer products, such as perfumes, along with extensive research and development (R&D) activities and enhanced focus on sustainable development, are anticipated to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global green and bio-solvents market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.

Breakup by Type:

  • Lactate Esters
  • Methyl Soyate Solvents
  • Bio-Alcohols, Bio-Diols and Bio-Glycols
  • D-Limonene
  • Others
     

Breakup by Application:

  • Paints and Coatings
  • Printing Inks
  • Cleaning Products
  • Adhesives and Sealants
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V. and Vertec Biosolvents Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V. and Vertec Biosolvents Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Green and Bio-Solvents Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Lactate Esters
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Methyl Soyate Solvents
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Bio-Alcohols, Bio-Diols and Bio-Glycols
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    D-Limonene
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by Application
    7.1    Paints and Coatings
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Printing Inks
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Cleaning Products
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Adhesives and Sealants
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Archer Daniels Midland Company
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    BASF SE
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio 
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Cargill, Incorporated
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
           13.3.3.3 SWOT Analysis
        13.3.4    CREMER OLEO GmbH & Co. KG
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Dow Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
        13.3.6    Elevance Renewable Sciences, Inc.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Florachem Corporation
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    Huntsman Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    LyondellBasell Industries N.V.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10   Vertec Biosolvents Inc.
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio

List of Figures

Figure 1: Global: Green and Bio-Solvents Market: Major Drivers and Challenges
Figure 2: Global: Green and Bio-Solvents Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Green and Bio-Solvents Market: Breakup by Type (in %), 2021
Figure 4: Global: Green and Bio-Solvents Market: Breakup by Application (in %), 2021
Figure 5: Global: Green and Bio-Solvents Market: Breakup by Region (in %), 2021
Figure 6: Global: Green and Bio-Solvents Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Green and Bio-Solvents (Lactate Esters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Green and Bio-Solvents (Lactate Esters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Green and Bio-Solvents (D-Limonene) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Green and Bio-Solvents (D-Limonene) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Green and Bio-Solvents (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Green and Bio-Solvents (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Green and Bio-Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Green and Bio-Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Green and Bio-Solvents (Printing Inks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Green and Bio-Solvents (Printing Inks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Green and Bio-Solvents (Cleaning Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Green and Bio-Solvents (Cleaning Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Green and Bio-Solvents (Adhesives and Sealants) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Green and Bio-Solvents (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Green and Bio-Solvents (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Green and Bio-Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia Pacific: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia Pacific: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Green and Bio-Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Global: Green and Bio-Solvents Industry: SWOT Analysis
Figure 76: Global: Green and Bio-Solvents Industry: Value Chain Analysis
Figure 77: Global: Green and Bio-Solvents Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Green and Bio-Solvents Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Green and Bio-Solvents Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Green and Bio-Solvents Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Green and Bio-Solvents Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Green and Bio-Solvents Market: Competitive Structure
Table 6: Global: Green and Bio-Solvents Market: Key Players


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Key Questions Answered in This Report

The global green and bio-solvents market was valued at US$ 11 Billion in 2021.

We expect the global green and bio-solvents market to exhibit a CAGR of 8.3% during 2022-2027.

The rising demand for eco-friendly solvents, such as green and bio-solvents, over conventional
petrochemical-based solvents in the manufacturing of agrochemicals, paints, coatings, etc., is primarily
driving the global green and bio-solvents market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous manufacturing units
for green and bio-solvents.

Based on the type, the global green and bio-solvents market can be segmented into lactate esters,
methyl soyate solvents, bio-alcohols, bio-diols and bio-glycols, d-limonene, and others. Currently, bio-
alcohols, bio-diols and bio-glycols hold the majority of the total market share.

Based on the application, the global green and bio-solvents market has been divided into paints and
coatings, printing inks, cleaning products, adhesives and sealants, and others. Among these, paints and
coatings currently exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global green and bio-solvents market include Archer Daniels Midland
Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable
Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V., and Vertec
Biosolvents Inc.

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