Market Size

The global green & bio-solvents market size was valued at USD 1.2 billion in 2020 and is estimated to reach a value of USD xx billion in 2027. The Green & Bio-Solvents market analysis shows that it will grow with a CAGR of 4.5% over the forecast period of 2021 to 2027.

Market Driver

The growing bio-based chemicals market is anticipated to produce a variety of intermediate chemicals, most of which will be used to make bioplastics. As with their petrochemical equivalents, these interface chemicals are intended to be used in the manufacture of solvents. Bio-based solvents like bio-ethanol and some of its derivatives, as well as types of vegetable oil products like glycerol and bio-diesel, have benefited from increased amounts of biofuels. The ability of these feedstocks to be processed into bio-based solvents is contingent on industry demand as well as environmental, regulatory, and legal limits on the use of traditional petrochemical solvents with high Volatile organic compounds (VOC) emissions. VOC contains one or more number of carbon atoms that have high vapor pressures and, thus, evaporate quickly in the air. These are the primary ingredients of smog and they form ground-level ozone and particulate matter. Smog has been shown to have negative effects on human health and the climate, including decreased agricultural crop and commercial forest yields, decreased tree seedling growth and survivability, and increased plant vulnerability to viruses, pests, and severe weather conditions. Paints and coatings, sealants, printing inks, adhesives, and varnishes all use conventional solvents, which have a high VOC quality. Green and bio-solvent suppliers will benefit from federal government agencies' emphasis on bio-based or biodegradable materials with low environmental effects. Small, medium, and large-scale businesses will benefit from government funding as they transition from traditional to bio-based manufacturing methods. Promotions, legislation, and government funding would provide companies in North America and Europe a competitive edge. Additionally, producers can benefit from government tax credits for producing and using bio-based materials.

Segment Outlook

Based on type, the market is segmented into Bio-Alcohols, Bio-Diols, Bio-Glycols, Lactate Esters and Others. The Methyl Soyate segment is estimated to be the largest segment over the forecast period.  Based on application, the market is segmented into Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks, Pharmaceuticals and Others. The Industrial & Domestic Cleaners application segment is estimated to be the largest segment over the forecast period.

Regional Outlook

The Green & Bio-Solvents market research report provides an in-depth analysis of the industry, incorporating quantitative and qualitative data. It includes historical, present, and forecast data of the global market for green & bio-solvents by segment. Furthermore, it provides market size and forecast estimates for five regions, namely Asia Pacific, North America, Europe, Central & South America, Middle East, and Africa from 2015 to 2027. The market for Green & Bio-Solvents is segmented by region and then by country and segment. It has been estimated that North America accounted for largest market share in global green & bio-solvents market. The key countries in this market include U.S., Italy, Germany, France, China, India, and Japan. The report analyzes supply and demand-side factors affecting Green & Bio-Solvents market and then evaluates market dynamics affecting the market in coming years. Qualitative insight available in this report are opportunities, drivers, restraints, and future trends.

Company Profile Outlook

Key companies profiled in this market are BASF SE (Germany), Archer Daniels Midland Company (US), Vertec Biosolvents Inc. (US), Stepan Company (US), Solvay (Belgium), GFBiochemicals (Netherlands), Cargill Inc. (US), Astrobio (Italy), The Dow Chemical Company (US), and India Glycols Limited (India). However, we have also considered other companies for detailed primary interviews.

Research Methodology

Green & Bio-Solvents market report consists of market analysis including both primary and secondary research. Primary research comprises of the interaction between manufacturers, industry experts, channel partners, and end users, while the secondary research presents an analytical interpretation of relevant published databases, which contains details like company annual reports, and financial reports, white papers, and purchased databases. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.

About Us

Market Insight Solutions is a leading market research firm which caters to a diverse portfolio of research campaigns. We are one of the fastest growing research organization led by an extensive team of individuals. Our team has individuals with more than 10 years of experience in diverse research domains. Our strategic insights aim at providing credible and practical solutions to meet the specific requirements of our clients. We offer market studies on basis of facts across cross domains.

Segments covered in the report

Green & Bio-Solvents Market Size and Outlook by Type

• Bio-alcohols
• Bio-diols
• Bio-glycols
• Lactate esters
• Methyl soyate
• D-Limonene
• Others

Green & Bio-Solvents Market Size and Outlook by Application

• Industrial & domestic cleaners
• Paints & coatings
• Adhesives
• Printing inks
• Pharmaceuticals
• Cosmetics
• Others

Green & Bio-Solvents Market Size and Outlook by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa

Companies Profiled in this Report

• BASF SE
• Archer Daniels Midland Company
• Vertec Biosolvents Inc.
• Stepan Company
• Solvay
• GFBiochemicals
• Cargill Inc.
• Astrobio
• The Dow Chemical Company
• India Glycols Limited

Actionable Outcomes

Our Green & Bio-Solvents Market Report offers a thorough assessment of estimations and projections on the market dynamics. Further, it helps in the implementation of these results as they show tangible benefits to business stakeholders and industry entities decisions as leaders.

Strategic Planning

Every business needs to understand how their product will grow in the forthcoming years. With the current uncertainness due to the COVID-19 scenario, this analysis becomes significant to understand past disruptions and boost the preparedness for the next steps of decision. We at Market Insight Solutions are trying to break down the complex market for the business leaders through strategic insights and resilience in unpredictable situations.

Highlights of the report:

• COVID-19 impact on Green & Bio-Solvents market size
• Green & Bio-Solvents market size, drifts, drivers and opportunities
• Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
• Green & Bio-Solvents market size in United States
• Understanding the dynamics of the parent market
• Prime fluctuations of the market dynamics
• Evaluation of the market opportunities
• Historical, current, and projected Green & Bio-Solvents market size from the standpoint of both value and volume
• Market segmentation and comprehensive analysis in the second or third level
• Reporting and evaluation of recent industry developments
• Analysis of market share and developments
• Detailed company profiling of leading companies
• Opportunities to newer markets in global and regional markets
• Analyzing the trajectory line of the business
• Analyze Green & Bio-Solvents market share
• Measures to consider for Green & Bio-Solvents market