Green Solvent Market: By Type (Alcohols, Glycols, Soy Methyl Ester, D-Limonene, Lactate Ester, Others), By Application (Paints and Coatings, Adhesives, Metal Cleaning/Industrial Cleaners, Printing Inks, Pharmaceuticals, Others) and Geography  

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Green Solvent Market size was valued at USD 3,962.7 billion in 2022, growing at a CAGR of 5.3% from 2023-29. The global market provides a detailed overview of the global green solvent market, and that can be segmented by type and by application. By type, the global green solvent market has been segmented into Alcohols, Glycols, Soy Methyl Ester, D-Limonene, Lactate Ester, and Others. The ester solvents segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the upcoming years. It is attributed to various applications in manufacturing detergents, industrial cleaning agents, and other products. Based on application, the global green solvent market is segmented into Paints and Coatings, Adhesives, Metal Cleaning/Industrial Cleaners, Printing Inks, Pharmaceuticals, and Others. Among these, the Paints and Coatings segment is expected to have the fastest-growing market during the forecast period. according to Precision Business insights. It is attributed to the growing construction sector and sustained economic growth in the world. Green solvents & bio solvents are a derivative of natural sources such as plants, fruits, seeds, and many others. Solvents aid in improving viscosity, facilitate better mixing, influence on rate of reaction, dissolving solids, separation science, heat management, and others. Growing consumer awareness regarding the use of green products and the dangerous influences of VOCs. The growing use of green solvents in various end users such as paints & coating and other factors will further boost the market growth. The wide range of applications of green solvents in various sectors such as paints and coatings, adhesives, metal cleaning/industrial cleaners, printing inks, pharmaceuticals, and others are the major driver in the global market growth.

Green Solvent Market Key Developments:
  • In Sept 2022, Perimeter Solutions introduced SOLBERG RE-HEALING Fluorine-Free 3x3 SP-100 Foam Concentrate.

Global Green Solvent Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.3%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America
Green Solvent Market Dynamics

Growing construction industry and various applications in paints and coating industry are anticipated to propel the market growth over the forecast years.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Green Solvent Market Segmentation

By Type
  • Alcohols
  • Glycols
  • Soy Methyl Ester
  • D-Limonene
  • Lactate Ester
  • Others
By Application
  • Paints and Coatings
  • Adhesives
  • Metal Cleaning/Industrial Cleaners
  • Printing Inks
  • Pharmaceuticals
  • Others

Frequently Asked Questions

The green solvent market size was valued at USD 3,962.7 million in 2022

The green solvent market key players are: Huntsman BASF Solvay Dow Chemical Cargill DuPont Gevo Vertec Myriant Lyondellbasell Bio Amber

The green solvent market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

 

  1. Executive Summary
  2. Global Green Solvents Market Introduction
    • Global Green Solvents Market Taxonomy
    • Global Green Solvents Market Definitions
      • Type
      • Application
  1. Global Green Solvents Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Green Solvents Market Dynamic Factors - Impact Analysis
    • Global Green Solvents Market Competition Landscape
  2. Global Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Green Solvents Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Alcohols
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Glycols
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Soy-Methyl Ester
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • D-Limonene
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Lactate Ester
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Green Solvents Market, By Application Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Paints and Coatings
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Adhesives
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metal Cleaning/Industrial Cleaners
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Printing Inks
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceuticals
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Green Solvents Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Green Solvents Market - Opportunity Analysis Index, By Type, Application and Region, 2023 - 2029
  2. North America Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • By Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Glycols
      • Soy Methyl Ester
      • D-Limonene
      • Lactate Ester
      • Others
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Paints and Coatings
      • Adhesives
      • Metal Cleaning/Industrial Cleaners
      • Printing Inks
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Green Solvents Market - Opportunity Analysis Index, By Type, Application and Country, 2023 - 2029
    • North America Green Solvents Market Dynamics Trends
  3. Europe Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • By Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Glycols
      • Soy Methyl Ester
      • D-Limonene
      • Lactate Ester
      • Others
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Paints and Coatings
      • Adhesives
      • Metal Cleaning/Industrial Cleaners
      • Printing Inks
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Green Solvents Market - Opportunity Analysis Index, By Type, Application and Country, 2023 - 2029
    • Europe Green Solvents Market Dynamics Trends
  4. Asia-Pacific Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • By Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Glycols
      • Soy Methyl Ester
      • D-Limonene
      • Lactate Ester
      • Others
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Paints and Coatings
      • Adhesives
      • Metal Cleaning/Industrial Cleaners
      • Printing Inks
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Rest of Asia-Pacific
    • Asia-Pacific Green Solvents Market - Opportunity Analysis Index, By Type, Application and Country, 2023 - 2029
    • Asia-Pacific Green Solvents Market Dynamics Trends
  5. Latin America Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • By Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Glycols
      • Soy Methyl Ester
      • D-Limonene
      • Lactate Ester
      • Others
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Paints and Coatings
      • Adhesives
      • Metal Cleaning/Industrial Cleaners
      • Printing Inks
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Green Solvents Market - Opportunity Analysis Index, By Type, Application and Country, 2023 - 2029
    • Latin America Green Solvents Market Dynamics Trends
  6. Middle East and Africa Green Solvents Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • By Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Glycols
      • Soy Methyl Ester
      • D-Limonene
      • Lactate Ester
      • Others
    • By Application Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Paints and Coatings
      • Adhesives
      • Metal Cleaning/Industrial Cleaners
      • Printing Inks
      • Pharmaceuticals
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Gulf Cooperation Council (GCC) Countries
      • Rest of MEA
    • MEA Green Solvents Market - Opportunity Analysis Index, By Type, Application and Country, 2023 - 2029
    • MEA Green Solvents Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Huntsman
      • BASF
      • Solvay
      • Dow Chemical
      • Cargill
      • DuPont
      • Gevo
      • Vertec
      • Myriant
      • Lyondellbasell
      • Bio Amber
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Huntsman
  • BASF
  • Solvay
  • Dow Chemical
  • Cargill
  • DuPont
  • Gevo
  • Vertec
  • Myriant
  • Lyondellbasell
  • Bio Amber

Adjacent Markets