Green & Bio-solvent Market Share, Size, Trends, Industry Analysis Report, By Type (Lactate Esters, Bio-Glycols, Bio-Alcohol, Bio-Diols, Methyl Soyate, D-Limonene, Others); By Application; By Region; Segment Forecast, 2022 - 2030

Green & Bio-solvent Market Share, Size, Trends, Industry Analysis Report, By Type (Lactate Esters, Bio-Glycols, Bio-Alcohol, Bio-Diols, Methyl Soyate, D-Limonene, Others); By Application; By Region; Segment Forecast, 2022 - 2030

The global green & bio-solvent market size is expected to reach USD 1.75 billion by 2030, according to a new study by Polaris Market Research. The report “Green & Bio-solvent Market Share, Size, Trends, Industry Analysis Report, By Type (Lactate Esters, Bio-Glycols, Bio-Alcohol, Bio-Diols, Methyl Soyate, D-Limonene, Others); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The demand for green and bio-solvents is expected to increase during the forecast period owing to greater application in paints and varnishes, adhesives, and personal care products. Growth in environmental concerns and the introduction of stringent emission regulations support the industry’s growth.

Initiatives to reduce dependence on fossil fuels, rising inclination toward the use of bio-based products, and technological advancements are some other factors expected to contribute to the industry growth during the forecast period.

The different applications of green and bio-solvents include cosmetics, paints & coatings, printing inks, industrial & domestic cleaners, adhesives, pharmaceuticals, and others. Industrial and domestic cleaners generated significant revenue in 2021. A rise in awareness regarding hygiene among consumers, especially during the pandemic, supported the market growth. They are also used to clean mechanical parts, machines, and equipment in manufacturing and industrial facilities.

Asia Pacific is expected to exhibit high growth during the forecast period. Rising industrial growth, urbanization, and established automotive and transportation sector supports market growth in this region. Increasing demand for bio-based cosmetics and personal care products coupled with increasing application in industrial and domestic cleaning products further fuel growth in this region. Access to low-cost raw material and labor also boost the growth of the green and bio-solvent industry in the Asia Pacific.

The occurrence of COVID-19 negatively impacted the demand for green and bio-solvents from the automotive, industrial, and construction sectors. The industry experienced operational disruptions, restricted movement of goods, and limited import-export activities. A low supply of raw materials and a limited workforce led to a halt in manufacturing activities.

Implementation of lockdowns across several countries across the world, coupled with the closure of markets, further hampered the growth of the industry. However, there was greater demand for green and bio-solvents for the production of sanitizers and cleaning products to address safety concerns during the pandemic.

Green & Bio-solvent Market Report Highlights

  • Bio-alcohols accounted for a considerable share in 2021 owing to increasing application in cosmetics, personal care, transportation, and pharmaceutical sectors
  • The industry experienced high demand for industrial and domestic cleaners owing to greater safety concerns and use of green and bio-solvents in cleaning of industrial equipment
  • Asia Pacific is expected to experience high growth during the forecast period owing to technological developments, industrial and economic expansion, and reduced production costs
  • The global market is highly competitive owing to the existence of large market players with global presence including Archer Daniels Midland Company, Arkema Group, BASF SE, Cargill Inc., Clariant, Cremer Oleo GmbH and Co. KG, LyondellBasell Industries Holdings, Merck KGaA, Solvay, The Dow Chemical Company
Polaris Market Research has segmented the green & bio-solvent market report based on type, application, and region:

Green & Bio-solvent, Type Outlook (Revenue – USD Billion, 2018 – 2030)
  • Lactate Esters
  • Bio-Glycols
  • Bio-Alcohol
  • Bio-Diols
  • Methyl Soyate
  • D-Limonene
  • Others
Green & Bio-solvent, Application Outlook (Revenue – USD Billion, 2018 – 2030)
  • Cosmetics
  • Paints & Coatings
  • Printing Inks
  • Industrial & Domestic Cleaners
  • Adhesives
  • Pharmaceuticals
  • Others
Green & Bio-solvent, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Green & Bio-solvent Market Insights
4.1. Green & Bio-solvent Market – Industry Snapshot
4.2. Green & Bio-solvent Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rise in environmental concerns
4.2.1.2. Government strict environmental regulations
4.2.2. Restraints and Challenges
4.2.2.1. High production cost and performance issues
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Green & Bio-solvent Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Green & Bio-solvent Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Green & Bio-solvent, by Type, 2018 - 2030 (USD Billion)
5.3. Lactate Esters
5.3.1. Global Green & Bio-solvent Market, by Lactate Esters, by Region, 2018 - 2030 (USD Billion)
5.4. Bio-Glycols
5.4.1. Global Green & Bio-solvent Market, by Bio-Glycols, by Region, 2018 - 2030 (USD Billion)
5.5. Bio-Alcohol
5.5.1. Global Green & Bio-solvent Market, by Bio-Alcohol, by Region, 2018 - 2030 (USD Billion)
5.6. Bio-Diols
5.6.1. Global Green & Bio-solvent Market, by Bio-Diols, by Region, 2018 - 2030 (USD Billion)
5.7. Methyl Soyate
5.7.1. Global Green & Bio-solvent Market, by Methyl Soyate, by Region, 2018 - 2030 (USD Billion)
5.8. D-Limonene
5.8.1. Global Green & Bio-solvent Market, by D-Limonene, by Region, 2018 - 2030 (USD Billion)
5.9. Others
5.9.1. Global Green & Bio-solvent Market, by Others, by Region, 2018 - 2030 (USD Billion)
6. Global Green & Bio-solvent Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
6.3. Cosmetics
6.3.1. Global Green & Bio-solvent Market, by Cosmetics, by Region, 2018 - 2030 (USD Billion)
6.4. Paints & Coatings
6.4.1. Global Green & Bio-solvent Market, by Paints & Coatings, by Region, 2018 - 2030 (USD Billion)
6.5. Printing Inks
6.5.1. Global Green & Bio-solvent Market, by Printing Inks, by Region, 2018 - 2030 (USD Billion)
6.6. Industrial & Domestic Cleaners
6.6.1. Global Green & Bio-solvent Market, by Industrial & Domestic Cleaners, by Region, 2018 - 2030 (USD Billion)
6.7. Adhesives
6.7.1. Global Green & Bio-solvent Market, by Adhesives, by Region, 2018 - 2030 (USD Billion)
6.8. Pharmaceuticals
6.8.1. Global Green & Bio-solvent Market, by Pharmaceuticals, by Region, 2018 - 2030 (USD Billion)
6.9. Others
6.9.1. Global Green & Bio-solvent Market, by Others, by Region, 2018 - 2030 (USD Billion)
7. Global Green & Bio-solvent Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Green & Bio-solvent Market Assessment, By Geography, 2018 - 2030 (USD Billion)
7.3. Green & Bio-solvent Market – North America
7.3.1. North America: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.3.2. North America: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.3.3. Green & Bio-solvent Market – U.S.
7.3.3.1. U.S.: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.3.3.2. U.S.: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.3.4. Green & Bio-solvent Market – Canada
7.3.4.1. Canada: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.3.4.2. Canada: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4. Green & Bio-solvent Market – Europe
7.4.1. Europe: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.2. Europe: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.3. Green & Bio-solvent Market – UK
7.4.3.1. UK: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.3.2. UK: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.4. Green & Bio-solvent Market – France
7.4.4.1. France: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.4.2. France: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.5. Green & Bio-solvent Market – Germany
7.4.5.1. Germany: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.5.2. Germany: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.6. Green & Bio-solvent Market – Italy
7.4.6.1. Italy: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.6.2. Italy: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.7. Green & Bio-solvent Market – Spain
7.4.7.1. Spain: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.7.2. Spain: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.8. Green & Bio-solvent Market – Netherlands
7.4.8.1. Netherlands: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.8.2. Netherlands: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.4.9. Green & Bio-solvent Market – Russia
7.4.9.1. Russia: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.4.9.2. Russia: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5. Green & Bio-solvent Market – Asia Pacific
7.5.1. Asia Pacific: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.2. Asia Pacific: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.3. Green & Bio-solvent Market – China
7.5.3.1. China: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.3.2. China: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.4. Green & Bio-solvent Market – India
7.5.4.1. India: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.4.2. India: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.5. Green & Bio-solvent Market – Malaysia
7.5.5.1. Malaysia: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.5.2. Malaysia: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.6. Green & Bio-solvent Market – Japan
7.5.6.1. Japan: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.6.2. Japan: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.7. Green & Bio-solvent Market – Indonesia
7.5.7.1. Indonesia: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.7.2. Indonesia: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.5.8. Green & Bio-solvent Market – South Korea
7.5.8.1. South Korea: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.5.8.2. South Korea: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.6. Green & Bio-solvent Market – Middle East & Africa
7.6.1. Middle East & Africa: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.6.3. Green & Bio-solvent Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.6.3.2. Saudi Arabia: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.6.4. Green & Bio-solvent Market – UAE
7.6.4.1. UAE: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.6.4.2. UAE: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.6.5. Green & Bio-solvent Market – Israel
7.6.5.1. Israel: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.6.5.2. Israel: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.6.6. Green & Bio-solvent Market – South Africa
7.6.6.1. South Africa: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.6.6.2. South Africa: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.7. Green & Bio-solvent Market – Latin America
7.7.1. Latin America: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.7.2. Latin America: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.7.3. Green & Bio-solvent Market – Mexico
7.7.3.1. Mexico: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.7.3.2. Mexico: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.7.4. Green & Bio-solvent Market – Brazil
7.7.4.1. Brazil: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.7.4.2. Brazil: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
7.7.5. Green & Bio-solvent Market – Argentina
7.7.5.1. Argentina: Green & Bio-solvent Market, by Application, 2018 - 2030 (USD Billion)
7.7.5.2. Argentina: Green & Bio-solvent Market, by Type, 2018 - 2030 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Archer Daniels Midland Company
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Arkema Group
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Astrobio
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. BASF SE
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Cargill Inc
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Clariant
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Cremer Oleo GmbH and Co. KG
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. GF Biochemicals
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Huntsman International LLC
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. LyondellBasell Industries Holdings
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. Merck KGaA
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development
9.12. Solvay
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Product Benchmarking
9.12.4. Recent Development
9.13. Stepan Company
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Product Benchmarking
9.13.4. Recent Development
9.14. The Dow Chemical Company
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Product Benchmarking
9.14.4. Recent Development
9.15. Vertec BioSolvents
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Product Benchmarking
9.15.4. Recent Development

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