Bio-based Solvent Market Size, Share, and Outlook, 2025 Report- By Type (Bio-alcohols, Bio-glycols, Bio-diols, Others), By End-User (Painting & Coatings, Cosmetics, Agriculture, Pharmaceutical, Chemical, Others), 2018-2032

Bio-based Solvent Market Outlook

Bio-based Solvent Market Size is forecast to reach $2.5 Billion in 2032 from $1.7 Billion in 2025, at an optimistic growth rate of 5.7% from 2025 to 2032. The robust Bio-based Solvent Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Bio-based Solvent Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Type (Bio-alcohols, Bio-glycols, Bio-diols, Others), By End-User (Painting & Coatings, Cosmetics, Agriculture, Pharmaceutical, Chemical, Others). Over 70 tables and charts showcase findings from our latest survey report on Bio-based Solvent Markets.

Bio-based Solvent Market Insights, 2025: Bio-Based Solvent Market: Key Drivers and Opportunities

The bio-based solvent market is experiencing significant growth due to the increasing demand for sustainable and environmentally friendly chemical solutions. Traditional petrochemical-based solvents contribute to volatile organic compound (VOC) emissions, leading to stringent regulatory restrictions and a shift toward greener alternatives. Bio-based solvents, derived from renewable resources such as corn, sugarcane, and vegetable oils, are gaining traction across industries, including paints and coatings, pharmaceuticals, and adhesives. Their biodegradability, low toxicity, and reduced carbon footprint make them a preferred choice for manufacturers aiming to meet sustainability goals.

Opportunities in this market include advancements in bio-refining technologies that enhance the efficiency and cost-effectiveness of bio-based solvent production. The rising demand for low-VOC and non-toxic formulations in personal care, food processing, and cleaning applications presents a lucrative opportunity for manufacturers. Government incentives and subsidies promoting green chemistry further boost market adoption. Companies that focus on developing high-performance bio-solvents with improved solvency power, stability, and application versatility will gain a competitive advantage in the rapidly evolving chemical industry.

Five Trends that will define global Bio-based Solvent Market in 2025 and Beyond

A closer look at the multi-million global market for Bio-based Solvent Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Bio-based Solvent Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Bio-based Solvent Industry?

The Bio-based Solvent Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Bio-based Solvent Market Segment Insights

The Bio-based Solvent Industry presents strong offers across categories. The analytical report offers forecasts of Bio-based Solvent Industry performance across segments and countries. Key segments in the industry include- By Type (Bio-alcohols, Bio-glycols, Bio-diols, Others), By End-User (Painting & Coatings, Cosmetics, Agriculture, Pharmaceutical, Chemical, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Bio-based Solvent Market size outlook is provided for 22 countries across these regions.

Bio-based Solvent Industry Value Chain

The chapter identifies potential companies and their operations across the global Bio-based Solvent Industry ecosystem. It assists decision-makers in evaluating global Bio-based Solvent Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Bio-based Solvent Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Bio-based Solvent Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Bio-based Solvent Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Bio-based Solvent Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Bio-based Solvent Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Bio-based Solvent Market Insights- Executives are most excited about opportunities for the US Bio-based Solvent Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Bio-based Solvent Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Bio-based Solvent Market.

Latin American Bio-based Solvent Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Bio-based Solvent Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Bio-based Solvent Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Bio-based Solvent Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Bio-based Solvent Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Acme-Hardesty Company, Arkema S.A., BASF SE, BioAmber Inc, Cargill Inc, Dow Chemicals, Du Pont, PTT Global Chemical Public Company Ltd, Sekab Biofuels & Chemicals AB, Solvay SA, Stora Enso, Vertec BioSolvents.

Bio-based Solvent Market Scope and Segmentation

By Type

Bio-alcohols

Bio-glycols

Bio-diols

Others

By End-User

Painting & Coatings

Cosmetics

Agriculture

Pharmaceutical

Chemical

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Bio-based Solvent Market Research-

Acme-Hardesty Company

Arkema S.A.

BASF SE

BioAmber Inc

Cargill Inc

Dow Chemicals

Du Pont

PTT Global Chemical Public Company Ltd

Sekab Biofuels & Chemicals AB

Solvay SA

Stora Enso

Vertec BioSolvents

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
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• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
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