Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Green solvents Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Green solvents Industry in 2024 and 2025?
The market size for green solvents has significantly expanded in the past years. Growth is predicted from $2.04 billion in 2024 to $2.19 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
What Is the Projected Market Size of the Green solvents Market in 2029?
The green solvents market is projected to expand to a size of $2.99 billion in 2029, with a compound annual growth rate (CAGR) of 8.1%.
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What Are the Key Drivers of Green solvents Market Growth?
The key Drivers in the green solvents market are:
• Growing demand for eco-friendly solvents
• Usage of green solvents to reduce environmental impact of chemical production
• Green solvents being derived from renewable resources
• Replacement of traditional solvents with green solvents in industrial applications
What Are the Primary Segmentation Categories in the Green solvents Market?
The green solventsmarket covered in this report is segmented –
1) By Type: Bio-Alcohols, Bio-Diols, Bio-Glycol, Lactate Esters
2) By Application: Construction, Coating, Cleaning Products, Industrial Applications, Toiletries, Cosmetics
3) By End-Use: Chemical Intermediate, Pharmaceuticals, Printing Inks, Paints And Coatings, Cosmetics And Personal Care, Other End-Uses
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What Are the Major Trends Shaping the Green solvents Market in 2025 and Beyond?
The key trends in the green solvents market are:
• There is a growing trend of developing high-quality, effective and safe products in the Green solvents market.
• Companies in the Green solvents market are implementing systematic processes and measures during production to meet specific quality standards.
• The release of products with high-purity levels shows an emerging trend in the market.
• The market is experiencing a rise in the production of Green solvents suitable for critical applications, such as in the semiconductor industry.
Who Are the Emerging Players in the Green solvents Market?
The key players in the green solvents market are:
• Cargill Incorporated
• Archer Daniels Midland Company
• The Dow Chemical Company
• LyondellBasell Industries Holdings B.V.
• Merck KGaA
• Solvay S.A.
• DuPont de Nemours Inc.
• Akzo Nobel N.V.
• Huntsman Corporation
• Stepan Company
• Novozymes A/S
• Praj Industries Limited
• Genomatica Inc.
• Galactic S.A.
• LanzaTech Inc.
• Elevance Renewable Sciences Inc.
• SACHEM Inc.
• Green Biologics Limited
• shenzhen esun industrial co. Ltd.
• CREMER OLEO GmbH & Co. KG
• DMC Biotechnologies
• AgroSustain S.A.
• Circa Group Pty. Ltd.
• Gevo Inc.
• Greenyug LLC
• Botaneco Inc.
• Terpenoid Therapeutics
• Vertec Biosolvents Inc.
• Myriant Corporation
Which Regions Are Leading the Growth in the Global Green solvents Market?
North America was the largest region in the green solvents market in 2024
