Press Release

Global Green Solvents Market to Expand and Reach USD1.87 Billion By 2030

The Global Green Solvents Market size was valued at around USD1.34 billion in 2024 and is projected to reach USD1.87 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.7% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The sustainability offered by green solvents is the main reason behind this growth. Products made using green solvents not only help the companies to achieve governmental norms but also attract consumers with high focus on the conservation of environment. As a result, green solvents have experienced significant growth in the past years.

Moreover, the governments of various countries such as Germany, the UAE, the US, etc., have restricted the use of substances that release carbon in the air. As a result, the production and use of chemical solvents are also restricted. For instance, in the European Union, the usage of various solvents has lowered, such as chloroform, 1,2-DCE, carbon tetrachloride, NMP, DMF, DMAc, benzene, hexane, 1,4-dioxane, 1,2-DME, diethyl ether, etc., due to their adverse effect on human health & the environment. This provides a good growth opportunity for the market to meet the high demand through green solvents thus promising a growing environment for the market.

Furthermore, the concerns of people are also increasing towards the use of products that are eco-friendly. This includes green solvents based cosmetic products, agricultural crops, paints, coatings, sealants & adhesives, etc. This is because they not only preserve the quality of nature but also help people achieve a healthy lifestyle. Therefore, green solvents make the products environment friendly and reduce the carbon emission while manufacturing them, which not only help the companies meet regulatory norms but also attract sustainability concerned consumers, thus creating a high demand for green solvents, and this demand is expected to remain in the forecast period as well, further states the research report, “Global Green Solvents Market Analysis, 2025.”

Global Green Solvents Market Segmentation Analysis

Bio-Alcohols Hold a Major Market Share

Based on the type of green solvent, the market is further bifurcated into Bio-alcohol, Bio-glycols, Bio-diols, Ethyl Lactate, D-lime Stone, Methyl Soyate, and others. Here, bio-alcohols lead the market with a share of around 32%. This is because bio-alcohols are made using plants that have starch and sugar content and such plants are widely abundant across the world including sugarcane, rice, etc. As a result, bio-alcohols are easily produced and available and that too at lower prices. This makes them the primary choice for solvents in products of various industries such as cosmetics, coatings, and many others.

Moreover, various organizations are doing research to expand their use in several applications such as automotive as they are less polluting as compared to petroleum. Therefore, due to wider availability and favourable properties, bio-alcohols are the most used solvents, and this dominance is expected to continue in the coming years as well.

Asia-Pacific Leads the Global Green Solvents Industry

Regionally, Asia-Pacific dominates the market with a market share of around 41%. This is because this region has created the highest demand of solvents as consumers of various industries including paint, coatings, cosmetics, pharmaceuticals, and others are increasing here. This can be observed from the increasing production of such industries. For instance, as per a study by CRISIL Ratings, the paint produced by India in 2024 is around 3.9 billion liters, and this production is expected to double by 2027.

Moreover, vast labor available at low prices further attracts various such companies to establish their production facilities in this region which will further increase the demand for green solvents. Therefore, vast infrastructure and population have created the high demand for green solvents in this region, and this dominance is expected to remain in the coming years as well.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including BASF SE, Stepan Company, DuPont, AkzoNobel, Lyondell Basell, Cargill Incorporated, Florachem Corporation, Total Corbion PLA, Solvay, Vertec Biosolvents, GF Biochemicals, Astrobio, BIOMCN, Galactic, Dow, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the world?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the regions?
6. How have buying behavior, customer inclination, and expectations from products been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?