Global Green Solvents Market Overview
According to SPER Market Research, the Global Green Solvents Market is estimated to reach USD 4.17 billion by 2032 with a CAGR of 8.77%.
Green solvents are made from agricultural products such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil, and others. Acetone, ethanol, methanol, 2-propanol, ethyl acetate, isopropyl acetate, methyl ethyl ketone, 1-butanol, tert-butanol, and others are the least toxic solvents. They are used as intermediates in the production of a variety of products, including detergents, cosmetics, paints and coatings, inks, adhesives and sealants, pharmaceuticals, and others. Green solvents, also known as environmentally friendly products, are by-products of the processing of agricultural goods. Environmentally friendly solvents come in a variety of forms, such as water, supercritical water, ionic liquids, and fluids.
As a result of favourable regulations and some rules established by the European Commission (EC), Eco-product Certification Scheme (ECS), and others in both developing and developed economies, where the product is applied to disperse or dissolve the compounds used in the paint production, the demand for eco-friendly paints and coatings has increased. This can be one of the key factors driving the product market upward. Also, the packaging industry has seen tremendous growth as a result of the increased demand for consumer products, where green solvent-based sealants and adhesives are used for bonding applications. These factors are anticipated to fuel market expansion throughout the anticipated period. The federal government's expanding emphasis on products made from bio-based materials has led to a surge in the product's appeal across a range of end-use industries. Green solvents including soybean oil, bio-succinic acid, distilled glycerine, lactic acid, maize, and others are extracted from agricultural sources.
Impact of COVID-19 on the Global Green Solvents Market
COVID-19 has temporarily halted several construction projects, reducing market demand in the building and construction industries. Nonetheless, increased medication sales have fuelled the rise of the pharmaceutical industry, where bio-based solvents are commonly employed as intermediates in drug formulations. This is expected to boost the performance of the green/bio-based solvents industry following the COVID-19 scenario. Because of its reliance on paints and coatings, ink production, adhesives and sealants, and other industries, the green/bio-based solvents business has suffered as a result of the COVID-19 epidemic. Numerous paints and coatings production enterprises have either shut down or reduced their operations owing to the danger of infection among the employees in areas where green/bio-based solvents are utilised to Soluble and disperse the components used in paint formulation. This has momentarily impacted market demand during the COVID-19 timeframe.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By End Use
|
| Regions covered | Asia Pacific, Europe, Middle East and Africa,North America, Latin America |
| Companies Covered | BASF SE, DuPont, Dow, Cargill, Incorporated, Gevo, AkzoNobel, LyondellBasell N.V.
|
Target Audience:
- Tablet Manufacturing Agents
- Excipient Industry
- Vaccine Delivery Agents
- Pharmaceutical Industry
Global Green Solvents Market Segmentation:
1. By Product:
- Bio-Alcohol
- Bio-Glycols
- Lactate Esters
- D-Limonene
- Methyl Soyate
2. By End Use:
- Chemical Intermediate
- Pharmaceuticals
- Printings Inks
- Paints and Coating
- Cosmetics & Personal Care
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Green Solvents Market Size (FY’2019-FY’2032)
- Overview of Global Green Solvents Market
- Segmentation of Global Green Solvents Market By Product (Bio-Alcohol, Bio-Glycols, Lactate Esters, D-Limonene, Methyl Soyate, Others)
- Segmentation of Global Green Solvents Market By End Use (Chemical Intermediate, Pharmaceuticals, Printings Inks, Paints and Coating, Cosmetics & Personal Care, Others)
- Statistical Snap of Global Green Solvents Market
- Growth Analysis of Global Green Solvents Market
- Problems and Challenges in Global Green Solvents Market
- Competitive Landscape in the Global Green Solvents Market
- Impact of COVID-19 and Demonetization on Global Green Solvents Market
- Details on Recent Investment in Global Green Solvents Market
- Competitive Analysis of Global Green Solvents Market
- Global Green Solvents Market Key Players
- SWOT Analysis of Global Green Solvents Market
- Global Green Solvents Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Green Solvents Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Green Solvents Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Green Solvents Market
7. Global Green Solvents Market, By Product, 2019-2032 (USD Million)
7.1 Bio-Alcohol
7.1.1 Bio-Ethanol
7.1.2 Bio-Menthol
7.1.3 Others bio-Alcohols
7.2 Bio-Glycols
7.3 Lactate Esters
7.4 D-Limonene
7.5 Methyl Soyate
7.6 Others
8. Global Green Solvents Market, By End Use, 2019-2032 (USD Million)
8.1 Chemical Intermediate
8.2 Pharmaceuticals
8.3 Printings Inks
8.4 Paints and Coating
8.5 Cosmetics & Personal Care
8.6 Others
9.Global Green Solvents Market, By Region, 2019-2032 (USD Million)
9.1 Global Green Solvents Market and Market Share by Region (2019-2025)
9.2 Global Green Solvents Market and Market Share by Region (2026-2032)
9.3 Asia-Pacific
9.3.1 Australia
9.3.2 China
9.3.3 India
9.3.4 Japan
9.3.5 South Korea
9.3.6 Rest of Asia-Pacific
9.4 Europe
9.4.1 France
9.4.2 Germany
9.4.3 Italy
9.4.4 Spain
9.4.5 United Kingdom
9.4.6 Rest of Europe
9.5 Middle East and Africa
9.5.1 Kingdom of Saudi Arabia
9.5.2 United Arab Emirates
9.5.3 Rest of Middle East & Africa
9.6 North America
9.6.1 Canada
9.6.2 Mexico
9.6.3 United States
9.7 Latin America
9.7.1 Argentina
9.7.2 Brazil
9.7.3 Rest of Latin America
10.Company Profiles
10.1 BASF SE
10.1.1 Company details
10.1.2 Financial outlook
10.1.3 Product summary
10.1.4 Recent developments
10.2 DuPont
10.2.1 Company details
10.2.2 Financial outlook
10.2.3 Product summary
10.2.4 Recent developments
10.3 Dow
10.3.1 Company details
10.3.2 Financial outlook
10.3.3 Product summary
10.3.4 Recent developments
10.4 Cargill
10.4.1 Company details
10.4.2 Financial outlook
10.4.3 Product summary
10.4.4 Recent developments
10.5 Incorporated
10.5.1 Company details
10.5.2 Financial outlook
10.5.3 Product summary
10.5.4 Recent developments
10.6 Gevo
10.6.1 Company details
10.6.2 Financial outlook
10.6.3 Product summary
10.6.4 Recent developments
10.7 AkzoNobel
10.7.1 Company details
10.7.2 Financial outlook
10.7.3 Product summary
10.7.4 Recent developments
10.8 LyondeBasell N.V
10.8.1 Company details
10.8.2 Financial outlook
10.8.3 Product summary
10.8.4 Recent developments
11.List of Abbreviations
12.Reference Links
13.Conclusion
14.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
