Report Overview

Green Solvent Market – Market Forecast & Trends

The Green Solvent Market is predictable to promise high growth due to the growing request for use in various industrial applications in current years. Growing demand from End-Use Industries, including paints & coatings, adhesives & sealants, industrial & national cleaners, printing Inks, and others, is predictable to drive the development of the market. 

The dangerous effects of numerous synthetic solvents and volatility in the value of crude oil are key issues pouring the growth of the global green solvent market. The growth of various industries such as adhesives & sealants, paints & coatings etc., is also expected to increase the growth of the market. Rising mindfulness and government regulations concerning the use of eco-friendly solvents are also predictable to create chances for global green solvent market players.

Green Solvent Market – Overview

A solvent is usually any liquid (could be solid or gas), which can melt a substance (solute) in it subsequent in the formation of a solution. The solvent market has seen an increase in the last few years, which has triggered high levels of poisonous release in the atmosphere. Old-style solvents emit VOC (volatile organic compounds) and are being progressively used in paints, aerosol, and other similar industries. With eco-friendly regulations to lower, the emissions of VOC and bio-solvents or green-solvents have seen a development in the past few years.

Growth Drivers

Increasing demand for environment-friendly solvents

Governments and agencies such as the Environmental Protection Agency and ECHA have applied several regulations preferring green solvents, thereby helping the global green solvents market. Initiatives to defend the atmosphere, such as the Montreal Protocol, are predictable to more praise the market. Environmental and fitness worries have fortified fast green solvent receipt in industries such as paints and coatings, construction thus preferring the global market growth.

Growth in demand for use in various industrial applications

Rising paints and coating: Industry across the globe is likely to increase the demand for green solvent, where they are used to scatter different components, used in the paint preparation such as resins and pigments. However, solvents help to deliver decorative and sleek paints for the surface. Therefore, rising demand for well-organized and real coating across various end-use industries such as construction, marine, automotive, etc. is measured to be the main factor motivating the growth of the segment.

Green Solvent Market: Segmentation

Ethyl lactate is extremely favored as it is a green and safe agrochemical solvent. It is used to extract phytonutrients from food waste, which can be additionally used in pharmaceutical, food, and beautifying products as stabilizers, natural antioxidants, pigments, and functional foods. Rising demand for economically viable and ecologically friendly solvent across numerous industries over old-style solvent is predictable to raise the need for ethyl lactate. Furthermore, increasing demand for large-scale organic synthesis chemicals is again rising the request of the product. 

Based on application, the global green solvent market is divided into Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others. Paints and coatings are preferably used to defend equipment and machines from corrosion and rusting. An increase in per capita one-use income alongside with rising automotive industry may excite green solvent market development. Global paints & coatings market size should be important spectator improvements at over 5.5%. In paints, solvents effortlessly scatter or melt diverse mechanisms used in the paint formulation, including resin and pigment, thereby making it appropriate for the use. Green solvent-based automotive paint is non-toxic in nature, owing to VOC free and supporting paint robustness.

Geographically, the global green solvent market is fragmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific commanded by Japan, India, and China green solvent market size may witness stable development. Fast industrialization and rise in the building & construction industry should favor regional industry development. The surge in consumer health mindfulness has led to an increase in the local cleaning industry, thereby pouring green solvent market development.

Green Solvent Market – Regional Insights

The Asia Pacific and the Middle East are predicted to list considerable development in the green solvent market during the prediction period. This request is concerning the development of major end-use industries such as printing Inks, adhesives & sealants, paints & coatings, industrial & domestic cleaners, and others. Russia and Turkey have mainly dominated Eastern Europe with operations of main chemical giants in the region. Rest the World that comprises South America, and Africa has a robust possible for a green solvent market. Global companies in these regions have a growing number of savings to reinforce their attendance and tap the potential market. The main economies in these regions for the green solvent market include Brazil, Nigeria, Argentina, South Africa, Colombia, and others.

By Product

• Lactate Esters
• D-Limonene
• Diols & Glycol
• Others

​​​​​​​By Application

• Industrial & Domestic Cleaners
• Paints & Coatings
• Adhesives
• Printing Inks
• Others((Polymer Manufacturing, Agrochemicals, and Extraction of Food Products)

By Region

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

The objective of the Study:

Ø  To analyze and forecast the global green solvent market size of the market in terms of value.

Ø  To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.

Ø  The global green solvent market segmented into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America, and their leading countries.

Ø  To outline, categorized, and forecast the global green solvent market based on the Product Type, By Application and By Regional.

Ø  To examine competitive developments like By Product Type, By Application and By Regional within the global green solvent market.

Ø  To highlight the impact analysis of the factors affecting the market dynamics such as growth drivers.

Ø  To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Business Questions Answer by the Report

Ø  How will the market drivers, restraints, and opportunities affect the market dynamics?

Ø  What will be the market size in terms of value and volume and market statistics with a detailed classification?

Ø  Which segment dominates the market or region, and one will be the fastest - growing, and why?

Ø  A comprehensive survey of the competitive landscape and the market participant players

Ø  Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

•    With five additional company detail analysis

•    Additional country analysis

•    Detailed segment analysis

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Bio Based Solvents Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing demand for environment-friendly solvents
         2. Growth in demand for use in various industrial applications
      2. Restraints
         1. High Production costs
      3. Opportunities
         1. Increase in R&D for development of bio-based products
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Bio Based Solvents Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Lactate Esters
         2. D-Limonene
         3. Diols & Glycol
         4. Others
      2. By Application
         1. Industrial & Domestic Cleaners
         2. Paints & Coatings
         3. Adhesives
         4. Printing Inks
         5. Others((Polymer Manufacturing, Agrochemicals, and Extraction of Food Products)
      3. By Region
         1. North America
         2. Europe
         3. Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America Bio Based Solvents Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Country
         1. United States
            1. By Product
            2. By Application
         2. Canada
            1. By Product
            2. By Application
7. Europe Bio Based Solvents Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Country
         1. Germany
            1. By Product
            2. By Application
         2. United Kingdom
            1. By Product
            2. By Application
         3. Italy
            1. By Product
            2. By Application
         4. France
            1. By Product
            2. By Application
         5. Spain
            1. By Product
            2. By Application
         6. The Netherlands
            1. By Product
            2. By Application
         7. NORDIC Countries
            1. By Product
            2. By Application
         8. Rest of Europe
            1. By Product
            2. By Application
8. The Asia Pacific Bio Based Solvents Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Country
         1. China
            1. By Product
            2. By Application
         2. India
            1. By Product
            2. By Application
         3. Japan
            1. By Product
            2. By Application
         4. South Korea
            1. By Product
            2. By Application
         5. Australia
            1. By Product
            2. By Application
         6. Indonesia
            1. By Product
            2. By Application
         7. Malaysia
            1. By Product
            2. By Application
         8. Philippines
            1. By Product
            2. By Application
         9. Thailand
            1. By Product
            2. By Application
         10. Vietnam
             1. By Product
             2. By Application
         11. Rest of Asia Pacific
             1. By Product
             2. By Application
9. Latin America Bio Based Solvents Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
      2. By Application
      3. By Country
         1. Brazil
            1. By Product
            2. By Application
         2. Mexico
            1. By Product
            2. By Application
         3. Argentina
            1. By Product
            2. By Application
         4. Peru
            1. By Product
            2. By Application
         5. Colombia
            1. By Product
            2. By Application
         6. Rest of Latin America
            1. By Product
            2. By Application
10. The Middle East & Africa Bio Based Solvents Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product
       2. By Application
       3. By Country
          1. Saudi Arabia
             1. By Product
             2. By Application
          2. UAE
             1. By Product
             2. By Application
          3. Qatar
             1. By Product
             2. By Application
          4. Kuwait
             1. By Product
             2. By Application
          5. South Africa
             1. By Product
             2. By Application
          6. Iran
             1. By Product
             2. By Application
          7. Nigeria
             1. By Product
             2. By Application
          8. Kenya
             1. By Product
             2. By Application
          9. Egypt
             1. By Product
             2. By Application
          10. Morocco
              1. By Product
              2. By Application
          11. Algeria
              1. By Product
              2. By Application
          12. Tunisia
              1. By Product
              2. By Application
          13. Rest of Middle East & Africa
              1. By Product
              2. By Application
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis of Bio Based Solvents, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of Covid-19 on Global Bio Based Solvents Market Industry
13. Company Profile for Bio Based Solvents(Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Archer Daniels Midland Company
    2. BASF SE
    3. Cargill, Incorporated
    4. CREMER OLEO GmbH & Co. KG
    5. Elevance Renewable Sciences, Inc.
    6. Huntsman Corporation
    7. LyondellBasell Industries N.V.
    8. Vertec Biosolvents Inc.
    9. The Dow Chemical Co
    10. AkzoNobel N.V
    11. Myriant Corp.
    12. Du Pont de Nemours & Co
    13. Other prominent players
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable