Green and Bio-Based Solvents Market Size, Share, By Source (Sugar and Starch-Based, Cellulose-Based, Alcohol-Based, and Others), By Product Type (Bio-Alcohols, Bio-Glycols, Bio-Diols, Lactate Esters, and Others), By Application (Paints and Coatings, Cleaning Products, Adhesives and Sealants, Pharmaceuticals, Cosmetics, and Others), and By Region - Trends, Analysis, and Forecast till 2034

Green and bio-based solvents market size was valued at USD 5.25 Billion in 2024 and is expected to reach USD 8.6 Billion by 2034, growing at a CAGR of 5.5%

Green and bio-based solvents are an environmentally friendly alternative to traditional, mainly petroleum-based solvents, which are catching up with the growing global emphasis on sustainability and reducing carbon footprints. They are naturally derived from renewable resources, particularly plants, agricultural wastes, and other biomass sources. They offer various advantages compared to conventional solvents, related to lower toxicity, reduced environmental impact, and often improved biodegradability.

The green and bio-based solvents market has developed quickly in the past few years due to highly restrictive environmental regulations, consumer awareness of eco-friendly products, and corporate sustainability initiatives. Common green solvents are bio-alcohols such as ethanol and butanol, bio-glycols, lactate esters, and terpenes like d-limonene. One of the most critical advantages of green solvents is their potential to reduce volatile organic compound emissions, which harm human health and the environment. Many of these bio-based solvents also offer improved performance characteristics in specific applications by way of higher performance or lower odor when compared to their petroleum-based cousins.

They find applications in various industries, such as paints and coatings, cleaning products, pharmaceuticals, cosmetics, and agrochemicals. Green and bio-based solvents find applications across industries in terms of versatility and potential to replace traditional petroleum-based ones. They are increasingly used in the paints and coatings industry as carriers and thinners for paints, offering reduced VOC emission and better air quality during application and drying processes. The bio-based solvents find applications in producing eco-friendly inks used in the printing ink sector, mainly in packaging and publications. On the cleaning products side, massive acceptance leaped forward in making household cleaners, industrial degreasers, and personal care products with green solvents. Finally, in the pharmaceutical industry, green solvents are used in drug formulation and manufacturing processes as the industry continues searching for improved sustainability. Similarly, the cosmetics and personal care industry has implemented bio-based solvents in everything from nail polish removers to fragrances that appeal to environmentally conscious consumers.

Green solvents contribute to agriculture by formulating pesticides and herbicides that help in the effective delivery of active ingredients with less ecological impact. On their part, the new solvents are in applications within the food processing industry in extraction processes, such as in natural flavors and essential oil production, where purity and safety of products are prime concerns. With continued research and emerging applications, the use of green and bio-based solvents will definitely grow even more. Their potential to reduce the impact on the environment while maintaining or improving performance signals their appeal to industries as far-flung as heavy manufacturing and producing consumer goods.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Key Drivers of Target Market:

Environmental Problems:

• Growing awareness of the detrimental effects of conventional solvents on human health and the environment is exerting pressure for eco-friendly alternatives. Green solvents are biodegradable and less toxic, thus leaving lesser environmental footprints. Again, the focus on sustainable development and reducing climate change accelerates their adoption as a core element in establishing a circular economy.

Stringent Regulations:

• Governments worldwide are increasingly regulating VOCs and other associated harmful emissions. The drive is prompted by concerns over air quality, human health, and climate change. Industries have, to a great extent, been using green and bio-based solvents to achieve such standards in their processes. For instance, the European Union's REACH regulation and the Clean Air Act by the U.S. Environmental Protection Agency have greatly influenced the industry's shift to greener solvents.

Restrains:

Performance Limitations:

• In many applications, the performance characteristics of bio-based solvents may not be as good as those of conventional solvents, for example, when it comes to their solvency power, evaporation rate, or drying time. Providing for optimizing the solvent properties by closing these performance gaps requires focused research and development efforts. However, proper formulation with suitable blends of solvents could also contribute to solving performance problems.

Opportunities:

Growing Application Domains:

• The green and bio-based solvents market holds immense potential in new application areas. Some potential markets for green solvents include the electronics industry, agriculture, and textiles. Composites and bioplastics are advanced material segments that will provide specific opportunities for solvent development. Such emerging applications can drive market growth and set new revenue streams for companies.

The market is segmented based on Source, Product Type, Application, and Region.

Source Insights:

• Sugar and Starch-Based: These solvents are few of their kinds to be based on materials derived from natural sugars and starches, most of which originate from farm crops like maize, corn, and sugarcane. This helps ensure that such organic solvent alternatives are renewable and sustainable, promoting reduced environmental impact. Ordinary members of this family are ethanol and acetone, which are widely used in most industries and consumer applications.
• Cellulose-Based: Cellulose-based solvents are derived from cellulosic plant materials such as wood and plant residues. They are sustainable solvents due to their nontoxic and biodegradable features. Their main use is in the creation of paints and coatings, though their solvent properties are very capable in many other respects.
• Alcohol-Based: Alcohol-based solvents include a range of bio-alcohols such as ethanol, butanol, and methanol. These are produced through fermentation processes using biomass. They are versatile and used in various industries, from pharmaceuticals to personal care products, due to their effectiveness and lower environmental impact than petrochemical-based solvents.
• Others: This category includes solvents from other bio-based sources that are not in the significant feedstock categories. These could be oils and fats from plant and animal sources and others that are novel in nature. They are used in special applications with lower performance than conventional solvents, and their use is less appealing.

Product Type Insights:

• Bio-Alcohols: Among the most commonly used bio-based solvents are bio-alcohols—notably ethanol and butanol—both produced through fermentation. Due to their high solvating properties, bio-alcohols are utilized in large quantities in industries such as pharmaceuticals, cosmetics, and biofuels. They are popular because of their versatility and the fact that they are efficient without high levels of toxicity compared to conventional solvents.
• Bio-Glycols: These find diverse applications related to antifreeze, coolants, and the manufacture of polyester. They are made out of corn and soy renewable stocks and are termed bio-based ethylene glycol. These function and perform similarly to a petrochemical but, in turn, help reduce the carbon footprint, representing a preference for environmentally conscious applications.
• Bio-diols: Bio-diols are represented by 1,3-propanediol and butanediol, which are prepared from renewable sources. These are applied in constructing polymers, resins, and glues, and they provide a green platform replacing conventional diols. Their biodegradability further escalates interest in these materials in a wide range of industrial applications.
• Lactate Esters: These are esters produced from the fermentation of carbohydrates. This is a general-purpose solvent. It is most commonly prevalent in the cleaning and coatings industries because of its superior performance and environmental benefits. It provides a safer option when the low volatility with non-toxic properties is an alternative to traditional solvents.
• Others: This category includes all the other biobased solvents not part of the majors. Most may consist of recent new solutions that include terpenes extracted from citrus peel byproducts and other naturally occurring sources. Such solvents are used in minor applications, usually those that possess select features and are primarily applicable in select industries.

Application Insights:

• Paints and Coatings: Bio-based solvents are used in this area as a dissolving or dispersion medium for diverse components in paints and coatings. They are perfect for reducing volatile organic compound content together with developments in eco-friendly solutions. Amazon's range of applications extends from architectural paints to industrial coatings, innovating sustainability on a par with performance.
• Cleaning Products: Green Solvents are extensively used in the formulation of environmentally friendly cleaning products. They effectively deliver cleaning power but are biodegradable and innocuous. The recommended ways to manufacture green cleaners, industrial degreasers, and niche cleaning agents offer a safer and more sustainable option for consumers in various industries.
• Adhesives and Sealants: Bio-based solvents are formulated mostly to derive adhesives and sealants with minimal adverse environmental effects. They help achieve the needed viscosity with performance and reduce dependence on sources derived from petrochemicals. These products are critical for the construction, automotive, and packaging sectors in furthering green building practices and product manufacturing.
• Pharmaceuticals: The pharmaceutical sector now also employs green solvents in drug preparation and manufacturing. This will guarantee the maximum quality of pharmaceutical products—fine purity and effectiveness—with minimal impact on the environment. This industry is now giving more attention to sustainable and green-oriented development.
• Cosmetics: Cosmetics benefit from bio-based solvents by their mildness and skin compatibility. Considering consumer safety, it is used in formulations to derive better solutions for skincare, haircare, and makeup products. Biodegradability and non-toxicity aspects are significant in setting regulatory standards and addressing consumer demand for green products.
• Others: This part of the market involves diversified applications of bio-based solvents in different industries, including agriculture, textiles, production, etc. The specification differences among the solvents found within the different fields can deliver specified advantages that are particularly suitable to them. By doing so, solvents provide a broad array of sustainable options with minimal adverse impacts on the environment.

Regional Insights

• North America: The North American market for green and bio-based solvents has been heavily driven by strict environmental regulations and a high focus on sustainability. Customers' high and growing consumption of environmentally friendly products and a well-established industrial base raise the demand and investment levels in the research and development of novel bio-based solvent technologies.
• Asia Pacific: A speedy growth rate is evident for the green and bio-based solvents market across the Asia Pacific, where industrialization and rising environmental concerns drive the market. Given this, countries such as China and India are pumping serious investments into sustainable technologies associated with the use of renewable resources, thereby creating an increased price for bio-based solvents' production for manufacturing, cleaning, and cosmetics.
• Europe: Europe is leading in adopting green and bio-based solvents due to robust regulatory frameworks and government initiatives to promote sustainability. In this region, a proper focus has been dedicated to reducing the carbon footprint and enhancing circular economy practices that drive growth in this market, which is used across a broad spectrum of industries, from automotive to personal care.
• Latin America: The agro-industrial sector and developing environmental awareness drive the market for green and bio-based solvents in Latin America. Hence, countries like Brazil, possessing plentiful renewable resources, drive this market. This regional market is supported by a significant focus on sustainability related to farming and industrial applications.
• Middle East and Africa: In the Middle East and Africa, the green and bio-based solvents market is growing at a slow pace, the main driver being the reduction of the environment and increasing sustainability. Besides, the market is also supported by initiatives toward economic diversity and within countries to reduce dependence on petrochemicals. It's also driven by awareness and regulatory measures on greener products for diverse regional applications.

Green and Bio-Based Solvents Market Report Scope:

Attribute	Details
Market Size 2024	USD 5.25 Billion
Projected Market Size 2034	USD 8.6 Billion
CAGR Growth Rate	5.5%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Source - Sugar and Starch-Based, Cellulose-Based, Alcohol-Based, and Others By Product Type - Bio-Alcohols, Bio-Glycols, Bio-Diols, Lactate Esters, and Others. By Application - Paints and Coatings, Cleaning Products, Adhesives and Sealants, Pharmaceuticals, Cosmetics, And Others.
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Source, Product Type, Application, and Region.

Segmentation:

By Source:

• Sugar and Starch-Based
• Cellulose-Based
• Alcohol-Based
• Others

By Product Type:

• Bio-Alcohols
• Bio-Glycols
• Bio-Diols
• Lactate Esters
• Others

By Application:

• Paints and Coatings
• Cleaning Products
• Adhesives and Sealants
• Pharmaceuticals
• Cosmetics
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Green and Bio-Based Solvents Market include BASF SE, BioAmber Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio Solvents Inc., Florida Chemicals, LyondellBasell, DuPont, Solvay SA, and Huntsman Corporation.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

• In January 2024, Syensqo invested in Bioeutectics, a start-up that makes green solvents. The investment made through Syensqo's venture capital fund will help bring more environmentally friendly products and processes to market. Syensqo Ventures, the group's venture capital fund, participated in Bioeutectics' $5.25 million fundraising round with Fen Ventures, Atento Capital, and SOSV (IndieBio). Bioeutetics, based on cutting-edge Natural Deep Eutectic Solvents (NADES) technology, mimics how plants produce their solvents while using 100% renewable resources. Bioeutectics improves solvents' environmental, health, and safety profile by substituting petrochemical-based solvents with natural alternatives. This aligns with and contributes to the attainment of sustainable development goals.
• In December 2022, Bio-based solvents may replace the hazardous and harmful compounds now utilized in organic electronics. Developing green and sustainable alternative solvents would be a significant step toward putting technology into practical use. Baran's group has discovered appropriate solvents derived from terpenes, a class of organic compounds found in plants, algae, and other creatures. They employed their terpene solvents for organic printing to create photovoltaic devices such as solar cells, light-emitting diodes, and field-effect transistors.

• BASF SE*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• BioAmber Inc.
• Myriant Corporation
• Dow Chemicals
• Cargill Incorporated
• Gevo Inc.
• Vertec Bio Solvents Inc.
• Florida Chemicals
• LyondellBasell
• DuPont
• Solvay SA
• Huntsman Corporation

“*” marked represents similar segmentation in other categories in the respective section.

Research Objective and Assumption

• Research Objectives
• Assumptions
• Abbreviations

Market Preview

• Report Description
  • Market Definition and Scope
• Executive Summary
  • Market Snippet, By Source
  • Market Snippet, By Product Type
  • Market Snippet, By Application
  • Market Snippet, By Region
• Opportunity Map Analysis

Market Dynamics, Regulations, and Trends Analysis

• Market Dynamics
  • Drivers
  • Restraints
  • Market Opportunities
• Market Trends
• Product Launch
• Merger and Acquisitions
• Impact Analysis
• PEST Analysis
• Porter’s Analysis

Market Segmentation, Source, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Sugar and Starch-Based
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Cellulose-Based
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Alcohol-Based
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview

Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Product Type, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Bio-Alcohols
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Bio-Glycols
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Bio-Diols
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Lactate Esters
  • Overview

Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

• Others
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, Application, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Paints and Coatings
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Cleaning Products
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Adhesives and Sealants
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Pharmaceuticals
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Year
• Cosmetics
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Others
  • Overview
  • Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)

• Overview
  • Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Regional Trends
• North America
  • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • U.S
    • Canada
• Asia Pacific
  • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • India
    • Japan
    • South Korea
    • China
    • Rest of Asia Pacific
• Europe
  • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
• Latin America
  • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East and Africa
  • Market Size and Forecast (USD Bn), By Source, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Application, Forecast Period up to 10 Years
  • Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East and Africa

Competitive Landscape

• Heat Map Analysis
• Company Profiles

• BASF SE
• BioAmber Inc.
• Myriant Corporation
• Dow Chemicals
• Cargill Incorporated
• Gevo Inc.
• Vertec Bio Solvents Inc.
• Florida Chemicals
• LyondellBasell
• DuPont
• Solvay SA
• Huntsman Corporation

The Last Word

• Future Impact
• About Us
• Contact