Green and Bio-Solvents Market Size by Regional Outlook, Revenue Trends, Business Share And Forecast To 2022-2031

The market size, in terms of value, of green & bio-solvents is estimated to be about USD 5.58 billion in 2022 and is projected to reach USD 8.17 billion by 2031, at a CAGR of 7.94% between 2022 and 2031. The Green & Bio-Solvents Market, along with its applications, witnessed a moderate-to-high growth in the past few years and is likely to continue so in the coming years. The drivers identified for the green & bio-solvents market are environmental & regulatory pressure designed to reduce the emissions of ODS, VOCs, and HAPs; reduced dependency on petrochemical solvents and the exporting countries; improved competitiveness from product differentiation; and uncertainty about oil price development.

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Methyl soyate to be the fastest-growing green & bio-solvent

Methyl soyate is the fastest-growing green & bio-solvent as it has become successful commercially as a viable green alternative industrial solvent on its own merits, as the market demand has increased exponentially from the past ten years. Besides methyl soyate, d-limonene and lactate esters are also high growth markets.

Cosmetics and pharmaceutical applications to be the key end-use markets with high growth prospects

Cosmetics and pharmaceutical applications are estimated to have the best growth prospects for green & bio-solvents.


Number of primaries: By Company Type

Tier 1 – 45%

Tier 2 – 35%

Tier 3: 20%

Number of primaries: By Designation Type

C Level – 35%

Director Level – 25%

Others – 40%

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Number of Primaries: By Region

North America – 45%

Europe – 30%

Asia Pacific – 20%

RoW – 5%

Target new opportunities with high potential

 Asphalt paving and roofing shingles

 Extracting bitumen and heavy oil from Canadian Tar Sands

 Petroleum solvent replacement in the key applications

Companies profiled in the report

 Archer Daniels Midland Company (U.S.)

 BASF SE (Germany), BioAmber Inc. (U.S.)

 Huntsman Corporation (U.S.)

 E.I. Du Pont de Nemours & Co. (U.S.)

 The Dow Chemical Company (U.S.)

 Vertec Biosolvents Inc. (U.S.)

 Florida Chemical Company (U.S.)

 Cargill Incorporated (U.S.)

 Cremer Oleo GmbH & Co. KG (Germany)

Reasons to buy the report

 Scenario analysis of three possible price points of crude oil and its resulting impact on the green solvents market

 A comprehensive coverage and analysis of the green & bio-solvents market in North America, Europe, Asia-Pacific, and RoW

 Competitive landscape of the major players and their developments in the green solvents market

 Identify opportunities with high-potential for green & bio-solvents

 Identify and target high-growth application segments

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:Lauren Brown

Shibuya Data Count
Tel: + 81 50 50509159

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