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The global green solvents market size reached approximately USD 2.00 Billion in 2024. The market is further projected to grow at a CAGR of 7.00% between 2025 and 2034, reaching a value of USD 3.93 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
7%
Value in USD Billion
2025-2034
Green Solvents Market Outlook
*this image is indicative*
Global Green Solvents Market Report Summary | Description | Value |
Base Year | USD Billion | 2024 |
Historical Period | USD Billion | 2018-2024 |
Forecast Period | USD Billion | 2025-2034 |
Market Size 2024 | USD Billion | 2.00 |
Market Size 2034 | USD Billion | 3.93 |
CAGR 2018-2024 | Percentage | XX% |
CAGR 2025-2034 | Percentage | 7.00% |
CAGR 2025-2034 - Market by Region | Asia Pacific | 8.2% |
CAGR 2025-2034 - Market by Country | India | 9.4% |
CAGR 2025-2034 - Market by Country | China | 7.9% |
CAGR 2025-2034 - Market by Product | Bio-Alcohols | 8.1% |
CAGR 2025-2034 - Market by End Use | Chemical Intermediate | 7.9% |
Market Share by Country 2024 | UK | 3.6% |
Green solvents, also known as biosolvents are obtained by processing agricultural crops. These solvents are significantly less toxic and hazardous as compared to traditional volatile organic compounds and are available in different types including supercritical fluids and ionic liquids, among others.
The EMR’s report titled “Global Green Solvents Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End Use
Market Breakup by Region
Lactate esters account for a significant green solvents market share owing to the rising demand from pharmaceutical, personal care, and industrial solvent application sectors. The utilisation of lactate ester as an alternative to traditional petroleum-based solvents is a major factor supporting the segment growth. Rising demand from paints and coating industries due to the biodegradable, easy to recycle, non-ozone depleting, and non-corrosive nature of lactate ester is further boosting the product demand.
North America holds a significant share of the market owing to the growing requirement for eco-friendly alternatives to traditional petroleum-based solvents. Introduction of new government schemes to encourage the replacement and increase the awareness regarding the advantages of green solvents is supporting the green solvents market growth in North America. Presence of key market players such as Cargill Incorporated and Stepan Company, along with increased research and development activities are further aiding the market expansion.
CAGR 2025-2034 - Market by | Country |
India | 9.4% |
China | 7.9% |
USA | 6.2% |
Germany | 5.8% |
Italy | 4.9% |
Canada | XX% |
UK | XX% |
France | XX% |
Japan | 4.9% |
Australia | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
The Dow Chemical Company was founded in 1897 and is headquartered in Michigan, United States. The chemicals company delivers innovative and sustainable solutions for customers in infrastructure, customer care, and packaging industries.
Cargill Incorporated is a private food company that was founded in 1865 and is headquartered in Minnesota, United States. The company is known for processing beef, value-added egg and meats, and poultry products for various food service companies.
Clariant International Ltd. was established in 1995 and has its headquarters located in Liestal, Switzerland. The chemical manufacturing company deals with speciality chemicals, additives, functional minerals, home care, and petrochemicals, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other green solvents market key players include Bio Brands LLC, Archer Daniels Midland Company, Corbion NV, CREMER OLEO GmbH & Co. KG, Vertec BioSolvents Inc., Florachem Corp., Solvay S.A., Stepan Company, and Gemtek Products, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of approximately USD 2.00 Billion in 2024.
The market is projected to grow at a CAGR of 7.00% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 3.93 Billion by 2034.
The major market drivers include development of cost-effective production methods and increasing government initiatives to boost the utilisation of product.
The key trends fuelling the growth of the market include rising applications in various end use industries and increased adoption of eco-friendly products due to growing environmental consciousness.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant products available in the market are bio-alcohols, bio-glycols, lactate esters, D-limonene, and methyl soyate, among others.
The key players in the market are The Dow Chemical Company, Cargill, Incorporated, Clariant International Ltd., Bio Brands LLC, Archer Daniels Midland Company, Corbion NV, CREMER OLEO GmbH & Co. KG, Vertec BioSolvents Inc., Florachem Corp., Solvay S.A., Stepan Company, and Gemtek Products, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2024 |
Historical Period | 2018-2024 |
Forecast Period | 2025-2034 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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