Report Highlights
The global market for green solvents reached $4.5 billion in 2023. The market is expected to grow from $4.9 billion in 2024 and forecast to reach $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029.
Report Includes
- 72 data tables and 25 additional tables
- An analysis of trends, technologies and opportunities in the global market for green solvents
- Analyses of the industry structure, with market revenue data from 2023, estimates for 2024, forecasts for 2028, and projected CAGRs through 2029
- Estimates of the market size and growth forecasts both in value and volumetric terms, and a corresponding market share analysis by material type, application, and region
- Facts and figures pertaining to the market dynamics, technology advances, regulatory landscape, and the impact of macroeconomic variables
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, ESG score analysis, and the ESG practices of leading companies
- Analysis of the competitive intelligence, including company shares, strategic alliances, M&A activity and venture fundings outlook
- Company profiles of market leaders, including ADM, Braskem, Cargill Inc., Corbion, and BASF SE
Report Scope
This report analyzes the global market for green solvents by segmenting it based on material, application and region. These market segments are analyzed at the global and regional levels. The base year for this analysis is 2023 and market estimates and forecasts are given from 2024 through 2029. The market estimates are provided in terms of volume (kilo tons) and revenue ($ millions).
Based on material, the market is segmented into:
- Bio-based alcohol, glycol, diols.
- D-limonene.
- Fatty acid methyl esters (FAME).
- Lactate esters.
- Others.
Bio-based alcohol, glycol and diols are further bifurcated into:
- Bioethanol.
- Biobutanol.
- Bio-PG.
- Bio-BDO.
- Glycerol and derivatives.
- Others.
Based on application, the market is segmented into:
- Paints and coatings.
- Cosmetics.
- Printing inks.
- Cleaning products.
- Adhesives and sealants.
- Pharmaceuticals.
- Others.
Based on region, the market is segmented into:
- North America.
- Europe.
- Asia-Pacific.
- Rest of the World (RoW).
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||
| Forecast period considered | 2024-2029 | ||||||||||
| Base year market size | $4.5 Billion | ||||||||||
| Market size forecast | $7.7 Billion | ||||||||||
| Growth rate | CAGR of 9.3% from 2024 to 2029 (By Value) | ||||||||||
| Units considered | Kilo Tons (Volume) and $ Millions (Revenue) | ||||||||||
| Segments covered | By Material, Application, and Region | ||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) | ||||||||||
| Key Market Drivers |
|
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Increasing demand for bio-based coatings.
- Stringent environmental regulations.
- Increasing use of green solvents by end-users.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for green solvents should grow from $4.2 billion in 2018 to $5.9 billion by 2023 at a compound annual growth rate (CAGR) of 7.0% for the period of 2018-2023.
Report Includes
- 183 data tables
- Brief overview and market intelligence on green solvents produced commercially and those that are in the development pipeline
- Analyses of global market trends with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Coverage of various types of green solvents used in diverse industry applications
- Elaboration on the influence of government regulations, current technology, and the economic factors that are and will shape the marketplace
- Emphasis on the manufacturer landscape and includes detailed profiles of the major manufacturer’s in the green solvent market
- Profiles of major companies of the industry including, 3M, Akzo Nobel, Procter & Gamble Co., Roche and Solvay
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