Deep Eutectic Solvent Market Size, Share, By Type (Choline Chloride-Based DES, Urea-Based DES, Betaine-Based DES, and Others), By Application (Chemical Industry, Pharmaceutical Industry, Food and Beverage Industry, Biotechnology Industry, and Others), By End-User (Research Institutes, Manufacturing Companies, Government Agencies, and Others), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI563224 | Publish Date: September 2024 | No. of Pages: 178

Deep Eutectic Solvent Market Overview

Deep eutectic solvent market size was valued at USD 123.6 Million in 2024 and is expected to reach USD 806.2 Million by 2034, growing at a CAGR of 22.9%.

Deep eutectic solvents are a class of innovative, green solvents featuring remarkable properties that recently became of great interest owing to a wide range of applications. These can be prepared by mixing two or more components in specific ratios such that the resulting system exhibits a melting point considerably lower than each constituent. Commonly, a DES is based on an HBA and an HBD, which interact via hydrogen bonding to form an eutectic mixture. The most common example is quaternary ammonium salt and choline chloride in combination with urea. Still, many other combinations have also been studied with a wide range of organic compounds, salts, and even natural products.

DES may be engineered for a particular application by judicious choice and mixing of various components, allowing their physicochemical properties, such as polarity, viscosity, and conductivity, to be finely tuned. The versatility of DES has led to its exploration in many fields, ranging from organic synthesis to electrochemistry, materials science, and biotechnology. They have been applied as organic synthesis reaction media, catalysts, and extractants.

Biotechnically, DES has been researched for enzyme stabilization and protein extraction as a medium in biocatalytic reactions. Interest in green chemistry and sustainable processes has been another propellant factor for research into DES, since they provide a greener alternative to conventional organic solvents with no performance sacrifice in most applications.

Deep Eutectic Solvent Market Research Report

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Deep Eutectic Solvent Market Dynamics

Key Drivers of Target Market:

Sustainability of Environment

  • The growing inclination towards sustainability among nations worldwide has emerged as one of the significant driving forces behind the deep eutectic solvent market. DES is regarded as a "green solvent" because of its low toxicity, biodegradability, and non-volatility, which is preferred against conventional hazardous solvents. Industries are increasingly demanding ecological-friendly solutions to reduce their carbon footprint or simply abide by the stiff environmental regulations within sectors such as pharmaceuticals, chemicals, and food processing.

Value for Money and Resource Efficiency

  • Most DES are less expensive to manufacture than typical solvents since their synthesis can be done using inexpensive, readily available raw materials, such as choline chloride and urea. In addition, the high efficiency of most processes involving DES, such as extraction and catalysis, reduces the amount of solvent that a manufacturer may require. This cost efficiency in operations and resource efficiency will ensure the wide adoption of DES across industries.

Restrains:

Cost-Effectiveness and Resource Efficiency

  • Despite its potential, DES commercialization is still nascent, with minimal large-scale applications across industries. Many companies are either simply unaware of DES's benefits or have cold feet when it comes to switching from traditional solvents owing to initial costs involving process changes and re-certification. This lack of awareness and poor market penetration restrain the rapid growth of DES in certain sectors.

Opportunities:

Growing Focus on Green Chemistry

  • The emerging relevance of green chemistry and sustainability concerns viewed globally offers enormous opportunities for the DES market. On the pathway to sustainability, DES will replace conventional solvents in a wide array of applications, from chemical synthesis to extraction processes. Initiatives by the government and corporate sustainability goals will further accelerate the adoption of DES into new opportunities for growth across diversified sectors.

Deep Eutectic Solvent Market Segmentation

The market is segmented based on Type, Application, End-User, and Region.

Type Insights:

  • Choline Chloride-Based DES: Applications of choline chloride-based deep eutectic solvents have gained broad appeal because of their relatively lower cost and biodegradability. A representative combination of these solvents is the use of choline chloride, normally associated with a hydrogen bond donor like urea, in the typical nontoxic, stable combination of applications in pharmaceuticals, metal treatment, and catalysis. Some environmental advantages of this class of solvents are their nontoxicity and nonvolatility, hence making them amply attractive to replace conventional hazardous solvents in industries.
  • Urea-Based DES: Urea forms deep eutectic solvents upon mixing with various hydrogen bond acceptors, such as choline chloride. Urea-based DESs were reported to have high thermal stability and high solubilizing capacity, particularly for metal oxides. They are used in the electroplating and metal finishing industries and in chemical synthesis as green alternatives to VOCs.
  • Betaine-Based DES: The betaine-based deep eutectic solvents are based on betaine, a naturally existing chemical mostly extracted from plants. Deep eutectic solvents have also been reported to be non-toxic and biodegradable, with the ability to dissolve organic and inorganic compounds. They find applications in pharmaceutical and biotechnological industries since there is often a need for the solubilization of drugs and biomolecules in research and production processes.
  • Others: This category includes different deep eutectic solvents prepared from various hydrogen bond donors and acceptors that cannot fit into the more common types described earlier. Examples of this are alcohol-based or carbohydrate-based DES, which usually has unique properties fitting into application niches such as food processing, the production of biofuels, and a variety of other specialized chemical reactions. Their versatility enables them to cater to several needs in the industry that are not possible using conventional solvents.

Application Insights:

  • Chemical Industry: DESs find wide applications in the chemical industry because they can act as substitutes for conventional solvents during extraction, catalysis, and synthesis. DESs possess several favorable properties: low volatility, high solubility, and low environmental impact. Due to the increasing demand for sustainable processes, their applications are being expanded in fields related to polymerization processes, electrochemistry, and the synthesis of fine chemicals.
  • Pharmaceutical Industry: DES enhances the solubility of APIs in the pharmaceutical field and develops greener formulations. In this context, they play an essential role in drug discovery, extraction of natural products, synthesis of pharmaceutical intermediates, etc. Low toxicity and biocompatibility qualify these green compounds for substituting toxic organic solvents in drug production and formulation processes.
  • Food and Beverage Industry: DES is used in food and beverages because it can extract flavor, color, and nutrients from any natural source. It is especially relevant for the extraction of bioactive compounds from plants and herbs, which will help in the production of healthier, more natural food. Because it is not toxic and can act as a solvent for functional ingredient extraction, it becomes valuable in this sector.
  • Biotechnology Industry: DES finds applications in various aspects of the biotechnology industry, which include enzymatic catalysis, protein stabilization, and biomolecule extraction. Their versatile dissolution capacity regarding hydrophilic and hydrophobic compounds makes them especially valuable in biocatalytic and complex biological material processing applications. Their low toxicity and ready biodegradability further enhance their attractiveness in biotech applications.
  • Others: Others include their use in the agricultural, material sciences, and renewable energy industries. DES is being used to prepare fertilizers, bioplastics, and biofuels. Because of its versatile properties, DES has been applied in different green chemistry processes for enhanced sustainability in those respective fields.

End-User Insights:

  • Research Institutes: DES is used in various research works, starting with new chemical reactions, catalysis, and solvent properties of academic interest in industries for developing sustainable processes and materials. Due to their tunable properties, DESs allow researchers to explore a wide scientific arena, ranging from nanotechnology to environmental science.
  • Manufacturing Companies: Large-scale industrial manufacturing companies in sectors related to processing chemicals, pharmaceuticals, and food are also considering DES due to their environmental benefits and functional versatility. In this respect, these types of solvents help organizations decrease the amount of hazardous waste and improve functional efficiency for firms operating large-scale industrial applications such as extraction, electroplating, and polymer processing.
  • Government Agencies: Government agencies responsible for environmental protection, public health, and scientific research pay increasing attention to DES since it is probably a substitute for dangerous solvents. Many government agencies, through funding, policy formulation, and various research programs, promote the use of DES in sustainable and safe chemical processing.
  • Others: Other organizations, such as environmental NGOs, private laboratories, and consultancy firms, are involved in sustainability, green chemistry, and other eco-friendly industrial practices. These agencies contribute in their diverse ways to developing DES technology through collaboration efforts, innovation, and the call for more comprehensive industrial applications.

Regional Insights

  • North America: The North American deep eutectic solvent market is growing owing to increased attention to green chemistry and sustainability from various industries such as chemicals, pharmaceuticals, and food processing. The region also hosts many leading research institutions and receives healthy regulatory support for any technology contributing to eco-friendly innovations, thus fostering innovation and wide acceptance of DES.
  • Asia Pacific: The DES market in the Asia Pacific region witnesses the fastest growth rate across growing industries in chemicals, pharmaceuticals, and food processing in countries like China, India, and Japan. This is due to the high demand for ecological alternatives in these industries and high investments in green technologies that favor the adoption of DES.
  • Europe: It is one of the important markets for the DES sector, mainly because environmental legislation is very stringent, coupled with a strong emphasis on sustainable industrial practices. Countries like Germany, UK, and France are leaders in DES research and commercialization, mainly based on policy initiatives related to low carbon emission and circular economies.
  • Latin America: The demand for DES is due to the biotechnology and agricultural industries. Brazil and Argentina utilize DES for bio-fuel production and sustainable agriculture. Eco-friendly processes are sought in the above sector, leading to market growth due to research initiatives and expansion of various industries.
  • Middle East and Africa: In the Middle East & Africa, the industrial base has started to diversify, and thus, momentum has picked up for DES. Applications include oil and gas, agriculture, and emerging biotechnology sectors. This focus on sustainability and innovation will drive adoption, with several regional initiatives promoting green technologies.

Deep Eutectic Solvent Market Report Scope:

Attribute

Details

Market Size 2024

USD 123.6 Million 

Projected Market Size 2034

USD 806.2 Million

CAGR Growth Rate

22.9%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Type - Choline Chloride-Based DES, Urea-Based DES, Betaine-Based DES, and Others.

By Application - Chemical Industry, Pharmaceutical Industry, Food and Beverage Industry, Biotechnology Industry, and Others.

By End-User - Research Institutes, Manufacturing Companies, Government Agencies, 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 Type, Application, End-User, and Region.

Segmentation:

By Type:

By Application:

  • Chemical Industry
  • Pharmaceutical Industry
  • Food and Beverage Industry
  • Biotechnology Industry
  • Others

By End-User:

  • Research Institutes
  • Manufacturing Companies
  • Government Agencies
  • 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

Deep Eutectic Solvent Market Key Players

The key players operating the Deep Eutectic Solvent Market include Proionic GmbH, Iolitec Ionic Liquids Technologies GmbH, Merck KGaA, Thermo Fisher Scientific Inc., BASF SE, Abbott Laboratories, Solvay S.A., The Chemours Company, Sirrus, Inc., Green Biologics Ltd., GFS Chemicals, Inc., Yuncheng Chemphy Chemical Co., Ltd., Eutec Solutions, Shenzhen Capchem Technology Co., Ltd., NanJing HPL Chemical Co., Ltd.

Deep Eutectic Solvent Market Players

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Deep Eutectic Solvent Market Key Issues Addressed

  • In May 2024, BASF SE announced successfully scaling its green chemical production processes using deep eutectic solvents. This development expanded DES applications in sustainable chemical synthesis, enabling higher production efficiency while reducing environmental impact.
  • In March 2024, Iolitec Ionic Liquids Technologies GmbH collaborated with a European research consortium to explore the use of DES in advanced battery technologies. The project aimed to develop more efficient and safer electrolytes for next-generation energy storage systems, contributing to the growth of green energy solutions.
  • In January 2024, Thermo Fisher Scientific Inc. introduced a new line of deep eutectic solvent-based products for use in pharmaceutical research. The new solvents were specifically designed to enhance drug solubility and stability, supporting innovation in drug formulation and discovery efforts.

Deep Eutectic Solvent Market Company Profile

  • Proionic GmbH
  • Iolitec Ionic Liquids Technologies GmbH
  • Merck KGaA
  • Thermo Fisher Scientific Inc.
  • BASF SE
  • Abbott Laboratories
  • Solvay S.A.
  • The Chemours Company
  • Sirrus, Inc.
  • Green Biologics Ltd.
  • GFS Chemicals, Inc.
  • Yuncheng Chemphy Chemical Co., Ltd.
  • Eutec Solutions
  • Shenzhen Capchem Technology Co., Ltd.
  • NanJing HPL Chemical Co., Ltd.

FAQs

Deep Eutectic Solvent Market Size was valued at USD 123.6 Million in 2024 and is expected to reach USD 806.2 Million by 2034, growing at a CAGR of 22.9%

Deep Eutectic Solvent Market is segmented into Type, Application, End-User, and Region.

Factors such as environmental sustainability, value for money, and resource efficiency are driving the market.

The restraints of the Deep Eutectic Solvent market include cost-effectiveness and resource efficiency.

Deep Eutectic Solvent Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating the Deep Eutectic Solvent Market include Proionic GmbH, Iolitec Ionic Liquids Technologies GmbH, Merck KGaA, Thermo Fisher Scientific Inc., BASF SE, Abbott Laboratories, Solvay S.A., The Chemours Company, Sirrus, Inc., Green Biologics Ltd., GFS Chemicals, Inc., Yuncheng Chemphy Chemical Co., Ltd., Eutec Solutions, Shenzhen Capchem Technology Co., Ltd., NanJing HPL Chemical Co., Ltd.