Global Green and Bio Solvents Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

paints, printing, cleaning, adhesives and others.

By Type ;

bio-based solvents, green solvents, and others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn135206863 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Green and Bio Solvents Market (USD Million), 2021 - 2031

In the year 2024, the Global Green and Bio Solvents Market was valued at USD 11,838.60 million. The size of this market is expected to increase to USD 18,156.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.3%.

The Global Green and Bio Solvents Market is experiencing significant growth as industries and consumers increasingly prioritize environmentally friendly solutions. Green and bio solvents are derived from renewable resources and are designed to reduce the environmental impact of traditional solvents, which are often petroleum-based and harmful to both health and the environment. This shift is driven by stringent environmental regulations, rising awareness of sustainability, and growing demand for safer, less toxic products across various sectors, including paints and coatings, cleaning products, and pharmaceuticals.

The market is segmented into various types of green and bio solvents, such as bio-based, natural, and water-based solvents. Bio-based solvents are produced from renewable agricultural sources, while natural solvents are derived from natural sources like citrus fruits and essential oils. Water-based solvents, on the other hand, are designed to replace organic solvents with water, reducing volatile organic compound (VOC) emissions. These segments cater to diverse industrial applications, offering sustainable alternatives that meet regulatory requirements and consumer expectations for greener products.

North America and Europe are leading the green and bio solvents market due to their stringent environmental regulations and strong emphasis on sustainability. The European Union's Green Deal and similar initiatives in North America are pushing industries toward adopting eco-friendly practices, further boosting the demand for green solvents. Meanwhile, the Asia-Pacific region is emerging as a significant growth area, driven by rapid industrialization, increasing environmental concerns, and supportive government policies promoting green technologies.

Despite the promising growth, the market faces challenges such as higher production costs compared to traditional solvents and limited availability of raw materials. However, ongoing research and development efforts are aimed at improving the efficiency and cost-effectiveness of green and bio solvents. As technological advancements continue and economies of scale are realized, the market is expected to expand, providing innovative and sustainable solutions that align with global environmental goals and consumer preferences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Type
    3. Market Snapshot, By Region
  4. Global Green and Bio Solvents Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Regulatory green compliance
        2. Eco-friendly consumer preferences
        3. Technological advancements
        4. Increased industrial applications
        5. Government incentives
      2. Restraints
        1. High production costs
        2. Limited raw material availability
        3. Regulatory barriers
        4. Market fragmentation
        5. Performance limitations
      3. Opportunities
        1. Emerging markets growth
        2. Innovation in product development
        3. Expansion in application areas
        4. Collaboration with green tech
        5. Rising environmental awareness
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Green and Bio Solvents Market, By Application, 2021 - 2031 (USD Million)
      1. paints
      2. printing
      3. cleaning
      4. adhesives
      5. others
    2. Global Green and Bio Solvents Market, By Type, 2021 - 2031 (USD Million)
      1. bio-based solvents
      2. green solvents
      3. others
    3. Global Green and Bio Solvents Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Dow Inc.
      3. Solvay S.A.
      4. Clariant AG
      5. Evonik Industries AG
      6. Archer Daniels Midland Company (ADM)
      7. LyondellBasell Industries N.V.
      8. Galactica Chemicals
      9. Myriant Corporation
      10. BioAmber Inc
  7. Analyst Views
  8. Future Outlook of the Market