Global Green Solvents Market Set to Surge to USD 1.87 billion by 2030 at 5.7% CAGR

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Green Solvents Market, 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. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight & sustainable materials, rising demand for luxury & customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Green Solvents Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook & Forecasts:

Forecast Period: 2025-2030
Market Size in 2024: USD 1.34 billion
CAGR (2025-2030): 5.7%

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Global Green Solvents Market Segmentation Breakdown:

The Green Solvents Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Type
- Bio-alcohol- Market Size & Forecast 2020-2030, USD Million
  - Bio-ethanol- Market Size & Forecast 2020-2030, USD Million
  - Bio-methanol- Market Size & Forecast 2020-2030, USD Million
  - Bio-propanol- Market Size & Forecast 2020-2030, USD Million
  - Bio-butanol- Market Size & Forecast 2020-2030, USD Million
- Bio-glycols- Market Size & Forecast 2020-2030, USD Million
  - Bio-based Propylene Glycol- Market Size & Forecast 2020-2030, USD Million
  - Bio-based Ethylene Glycol- Market Size & Forecast 2020-2030, USD Million
- Bio-diols- Market Size & Forecast 2020-2030, USD Million
- Ethyl Lactate- Market Size & Forecast 2020-2030, USD Million
- D-lime Stone- Market Size & Forecast 2020-2030, USD Million
- Methyl Soyate- Market Size & Forecast 2020-2030, USD Million
- Others- Market Size & Forecast 2020-2030, USD Million

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.

By Application
- Paint & Coatings - Market Size & Forecast 2020-2030, USD Million
- Industrial & Domestic Cleaning- Market Size & Forecast 2020-2030, USD Million
- Printing Inks- Market Size & Forecast 2020-2030, USD Million
- Cosmetic- Market Size & Forecast 2020-2030, USD Million
- Pharmaceutical- Market Size & Forecast 2020-2030, USD Million
- Agriculture- Market Size & Forecast 2020-2030, USD Million
- Others (Adhesive, Sealant, Textile, etc.)- Market Size & Forecast 2020-2030, USD Million

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%.

Geographical Growth Insights:

By Region

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.

MarkNtel Advisors Highlights Key Market Drivers for Green Solvents Market:

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.

A Comprehensive Analysis of Leading Companies in Global Green Solvents Market

BASF SE
Stepan Company
DuPont
AkzoNobel
Lyondell Basell
Cargill Incorporated
Florachem Corporation
Total Corbion PLA
Solvay
Vertec BioSolvents
GF Biochemicals
Astrobio
BIOMCN
Galactic
Dow
Others

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Green Solvents Market 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.

What are the growth Opportunity driving the Global Green Solvents Market?

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.

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