Global Green Solvents Market Research Report: Forecast (2025-2030)

Market Definition

Green Solvents are solvents that are produced using agricultural crops and act as an alternative to traditional chemically synthesized solvents. They are popular for their sustainability as they are biodegradable and can be recycled.

Market Insights & Analysis: Global Green Solvents Market (2025-30):

The Global Green Solvents Market size was valued at around USD 1.34 billion in 2024 and is projected to reach USD 1.87 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. The environment-friendly operations offered by green solvents are the main reasons behind their high use in various industries such as in making paints, coatings, adhesives, inks, cosmetics, and many others, that are shifting to eco-friendly operations. This also helps companies to meet the norms defined by the governmental firms. As a result, their demand has increased over the past years and the market has experienced significant growth.

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Moreover, the market is further fueled by the initiatives introduced by the governments of various regions to reduce the discharge of carbon in the environment. Such initiatives prevent the production and use of solvents that are chemically produced and harm the environment due to their high toxicity. Some of such solvents are benzene, dimethylformamide, N-Methylpyrrolidone, etc. This results in a shortage of chemical solvents and also increases their price. Therefore, various sectors are adopting green solvents for their production to preserve their production efficiency and also align with government norms by reducing the amount of carbon discharged by them. This results in their increased demand thus driving the market growth.

Furthermore, the market is pushed towards growth by the increasing awareness among people regarding the use of products that not only feature high efficacy but are also manufactured in such a way that they do not harm the environment. This includes various daily-use products such as cosmetic & personal care products, paints & coatings, pharmaceutical products, etc. Therefore, the sustainability offered by green solvents in the operational chains of various industries has been helping them to meet the emission norms and 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.

Global Green Solvents Market Driver:

Increasing Shift of Various Industries Towards Sustainable Operations – Various industries are getting inclined towards making their operations environment-friendly. These efforts are done to meet the emission goals set by the governments of various countries. Also, this helps in reducing the wastage of raw materials and hence the production cost. As a result, they use green solvents in their products which helps them address the same. For instance, Nippon Paint, a paint supplier company has introduced the Green Choice series, which is made using green solvents and ensures a toxic-free environment at home. This shows the high demand for green solvents which is growing demand from numerous such companies. Therefore, the use of such crop-based solvents has helped various companies reduce their environmental impact and also their expenses, thus increasing their demand, and this trend is expected to continue in the future years as well.

Global Green Solvents Market Opportunity:

Increasing Demand for Environment-Friendly Adhesives & Sealants – There has been an increasing demand for glues and gums that are decomposable and do not have any adverse effect on the environment. Such glues will be best for use in gifts and product packaging whose outer layers are disposed of in the environment. As a result, various companies are engaged in developing such products. However, they still do not meet the desired properties. For instance, Supex, a leading adhesive manufacturing company has developed eco-friendly products that are either solventless or have water as a solvent. Hence, it cannot be used for all purposes. The desired properties can only be achieved by using solvents. As a result, this problem can be addressed by the use of green solvents in such products as they will help companies get the desired properties in their products along with biodegradable characteristics. Therefore, the use of green solvents by such industries will increase demand, thus providing a lucrative growth opportunity for the market.

Global Green Solvents Market Challenge:

High Production Cost to Hinder the Market Growth – The prices of green solvents are very high because of the cost-intensive production and filtration methods involved. For instance, as of Feb 2025, benzene, a highly used traditional solvent in paints costs around USD 0.98 per liter whereas green solvent ethyl lactate costs around USD 45.89 per kg from the same supplier. As a result, it becomes difficult for multiple small-scale or new industries to adopt green solvents as they do not align with their budget. This inclines them towards the traditional solvents that are cheaper and have high efficacy. This results in a decrease in sales of green solvents. The high cost of green solvents has been the main reason behind their low sales, thus presenting a challenge for the growth of the market.

Global Green Solvents Market Trend:

Use of Green Solvents in Agricultural Activities Gaining Traction – The use of green solvents in agriculture activities to reduce toxicity & enhance the production of crops through eco-friendly measures has gained popularity in recent years. This is done to eliminate the harmful effects of chemical fertilizers on both crops and land. As a result, the demand for such green solvents increases which further inclines various manufacturers to address this demand. For instance, Stepan Agricultural Solutions offers a range of green solvents that have lower volatile organic compounds, higher flash points, and lower health hazards compared to traditional petroleum-based solvents. Moreover, crops grown by such methods attract a lot of health-conscious consumers thus increasing their demand. Therefore, green solvents help the agriculture industry in improving crop and land quality due to which they have gained popularity, and this trend is expected to remain in the future as well.

Global Green Solvents Market (2025-30): Segmentation Analysis

The Global Green Solvents Market study of MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment. It includes predictions for the period 2025–30 at the global level. Based on the analysis, the market has been further classified as:

Based on Type:

• Bio-alcohol
  • Bio-ethanol
  • Bio-methanol
  • Bio-butanol
• Bio-glycols
  • Bio-based Propylene Glycol
  • Bio-based Ethylene Glycol
• Bio-diols
• Ethyl Lactate
• D-lime Stone
• Methyl Soyate
• Others

Based on the type of green solvent, bio-alcohols lead the market with a share of around 32%. The wider availability of this segment is the main reason behind this growth. This is because they are prepared from plants that contain starch and sugar such as sugarcane, rice, etc., and such plants are highly abundant across the world. As a result, bio-alcohols are easily available at lower prices which makes them a favorable solvent in products of various industries such as cosmetics, coatings, and many others. Also, the consumers of such industries are continuously expanding which shows their high demand in the coming years as well. Therefore, due to wider availability and favorable properties, bio-alcohols are the most used solvents, and this dominance is expected to continue in the coming years as well.

Based on Application:

• Paint & Coatings
• Industrial & Domestic Cleaning
• Printing Inks
• Cosmetics
• Pharmaceuticals
• Agriculture
• Others

Based on the application of green solvents, they are most widely used in the manufacturing of paints and coatings with a market share of around 35%. This is because of the growing infrastructure such as houses, buildings, bridges, etc., across the world and the increasing demand for eco-friendly paints as they help in cleaning the air of the living areas. Such paints and coating not only give an attractive look to the houses but also act as protective layers for walls and metal components and prevent rusting. As a result, the solvents are highly used by the paint industry to meet the growing demand and this demand will increase in the future with an increase in construction across the world. Therefore, green solvents have gained high traction in the paints and coating industry, and this trend is expected to remain in the forecast years as well.

Global Green Solvents Market (2025-30): Regional Projections

Geographically, the Global Green Solvents Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Regionally, Asia-Pacific dominates the market with a share of around 41%. This dominance is due to the presence of multiple industries that create a high demand for solvents that have to be used in their products such as wall paints & coatings, cosmetics such as nail paints, medicines, and others. Also, the demand from such industries is continuously increasing, which can be observed from their increasing production. 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. They increase the demand for green solvents as such solvents not only help them align with growing demand but also help them achieve their sustainability goals. Moreover, vast labour 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, the highest demand for green solvents from various industries has been noted in this region, and this dominance is expected to continue in the future as well due to the increasing number of end-user industries.

Global Green Solvents Industry Recent Development:

• 2025: AkzoNobel introduced Sikkens Autowave Optima, a green solvent-based coating. It can be applied easily on the vehicles in less time, thus saving about 60% of energy and carbon emissions.

Gain a Competitive Edge with Our Global Green Solvents Market Report

1. Global Green Solvents Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & market share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of market dynamics & make informed decisions.
2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
3. The Global Green Solvents Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

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