1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Green & Bio-Solvents Market by Type, End-Use Industry and Region - Global Forecast to 2026

Green & Bio-Solvents Market by Type, End-Use Industry and Region - Global Forecast to 2026

  • April 2021
  • 208 pages
  • ID: 3414454
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The green & bio-solvents market size is estimated to be USD 1.2 billion in 2021 and is projected reach USD 1.5 billion by 2026, at a CAGR of 4.5% between 2021 and 2026. Industrial & Domestic Cleaners is the largest application of the green & bio-solvents market. Factors such as growing demand from pharmaceuticals industry, rapid industrialization in growing economies like China, India & Thailand and increasing stringent regulations will drive the green & bio-solvents market.

Environmental regulations to reduce VOC emissions
Volatile organic compounds (VOC) contain one or more carbon atoms that have high vapor pressures and, therefore, evaporate rapidly in the air.These are compounds that form ground-level ozone and particulate matter and, thus, are the main ingredients of smog.

Smog is known to have an adverse effect on human health and also on the environment, including reductions in agricultural crops and commercial forest yields, reduced growth & survivability of tree seedlings, and increased plant susceptibility to diseases, pests, and harsh weather conditions. Conventional solvents are high on VOC content, and they are used in paints & coatings, adhesives, sealants, printing inks, and varnishes.

Methyl Soyate is the fastest growing segment by type for green & bio-solvents market during the forecast period
Methyl soyate has become commercially successful as a viable green alternative industrial solvent on its own merits.Its market demand has increased exponentially over the past ten years.

This is despite some perceived solvent property deficiencies.Beyond being an ingredient in cleaners and strippers to replace chlorinated or petroleum products, methyl soyate could find increased use as a carrier solvent.

Methyl soyate is not limited to the replacement of regulated industrial cleaning solvents.Due to its eco-friendly nature, methyl soyate can be used to clean up and recover petroleum products from shorelines and streams.

The EPA has listed a methyl soyate bio-solvent on the National Contingency Plan product schedule for oil spills.

Industrial & Domestic Cleaners is estimated to be the largest application for green & bio-solvents market between 2021 and 2026.
Bio-solvents are used in the cleaning of high-precision mechanical parts such as ball bearings.For this application, perfect cleaning is necessary for the proper functioning of the mechanical piece (remaining dirt would damage the metal) and is critical to the safety of machines in the working process.

The use of bio-solvents in household cleaners helps to clean the kitchens, showers, toilets, carpets, and other household items.For example, solvents used in dry cleaning machines help clean clothes by dispersing and dissolving dirt.

Bio-solvents also help with disinfectant to get into all the nooks and crannies of the surface. They give products a longer shelf-life and also ensure product stability.

North America is expected to be the largest green & bio-solvents market during the forecast period, in terms of value and volume.

North America has conventionally been a strong market for green & bio-solvents.Globally, the North American market has been a leader with respect to demand as well as product innovation in terms of quality and application development.

The key countries in the North American market are the US (the most dominant market, accounting for a significant market share), Canada, and Mexico. Although a small market, Mexico has witnessed promising demand that is expected to continue in the near future.
As the shale gas production increases, North American ethylene producers are increasingly shifting from petroleum-derived naphtha to lighter, natural gas-based feedstock.Sugars, glycerol, and other plant-derived products are emerging as economically competitive starting materials for a range of commodity chemicals.

The US accounts for the maximum market share in the North American region, followed by other countries in the region.Many key players of the green & bio-solvents market are headquartered in the region.

The versatile properties of various types of green & bio-solvents have resulted in high growth of the market in the past decades.

In the process of determining and verifying the market size for several segments and subsegments identified through secondary research, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees are as follows:
• By Company Type: Tier 1 - 69%, Tier 2 - 23%, and Tier 3 - 8%
• By Designation: C-Level - 23%, Director Level - 37%, and Others - 40%
• By Region: North America - 32%, Europe - 21%, APAC - 28%, RoW- 19%,

The key market players profiled in the report include BASF SE (Germany), Archer Daniels Midland Company (US), Vertec Biosolvents Inc. (US), Stepan Company (US), Solvay (Belgium), GFBiochemicals (Netherlands), Cargill Inc. (US), Astrobio (Italy), The Dow Chemical Company (US), and India Glycols Limited (India). They are continuously undertaking developmental strategies such as expansions, acquisitions, and contracts & agreements to strengthen their position in the market.

Research Coverage
This report segments the market for green & bio-solvents market on the basis of type, application and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisition associated with the market for green & bio-solvents market.

Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the green & bio-solvents market; high-growth regions; and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on green & bio-solvents market offered by top players in the global green & bio-solvents market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the green & bio-solvents market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for green & bio-solvents market across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global green & bio-solvents market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the green & bio-solvents market
• Impact of COVID-19 on green & bio-solvents market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Solvents Market by Type, Application And Region - Global Forecast to 2025

  • $ 4950
  • September 2020
  • 258 pages

The solvents market is projected to grow from USD 21.8 billion in 2020 to USD 30.0 billion by 2025, at a CAGR of 6.6% during the forecast period. Growth in the personal care, home care and pharmaceuticals ...

  • APAC
  • Paint And Coating
  • Solvent
  • Industry analysis
  • Crude Oil Price
  • Vehicle Production


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on