Global Green Solvent Market Research Report: Forecast (2023-2028)

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Strategic Insights into Global Green Solvent
Market Share, Size, and Forecast 2028
The Global Green Solvent Market is projected to
grow at a CAGR of around 7.0 during the forecast
period, i.e., 2023-28.
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Market Insights

• The Global Green Solvent Market is projected to
  grow at a CAGR of around 7.0 during the forecast
  period, i.e., 2023-28. The environmental
  regulations to reduce Volatile organic compound
  (VOC) emissions, by several government
  organizations like the European Commission, FDA,
  etc., for the replacement of synthetic solvents,
  such as acetone, toluene, and xylene, etc., in
  various industries like paints coatings,
  cosmetics, etc., are accelerating the market
  growth. Moreover, the rising awareness of adverse
  health effects associated with conventional
  chemicals is also increasing the preference for
  these solvents by the end user to offer better
  products to the consumer which is driving the
  market revenue.
• Additionally, the increasing adoption of
  eco-friendly bio-based solvents in various
  applications, such as paints and coatings,
  pharmaceuticals, and cosmetics, is aimed at
  reducing carbon emissions in the long term. As a
  result, manufacturers are switching from
  synthetic solvents to green solvents, which is
  expected to increase the demand for these
  solvents in the forecast years. For instance, in
  2022, Lyondell Basell collaborated with Nippon
  Paint for sustainable development of the coating
  industry creates new colors with less
  environmental impact.

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Green Solvent Market Leading key players

• BASF SE, Stepan Company, DuPont, Akzoobel,
  Lyondell Basell, Cargill Incorporated, Florachem
  Corporation, Total Corbion PLA, Solvay, Vertical
  Biosolvent, GF Biochemicals, Astrobio, BIOMCN,
  Galactic, Check for other companies
  (LyondellBasell, Dow, Gevo, etc.) Others

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Green Solvent Market Segmentation Analysis

• By Type Bio-alcohol (Bio-ethanol, Bio-methanol,
  Bio-propanol, Bio-butanol),
• Bio-glycols (Bio-based Propylene Glycol,
  Bio-bases ethylene Glycol), Bio-diols, Ethyl
  Lactate, D-lime Stone, Methyl Soyate),
• By Application (Paint Coatings, Industrial
  Domestic Cleaning, Printing Inks, Cosmetic,
  Pharmaceutical, Agriculture, Other (Adhesive
  Sealant, Textile),
• By Region (North America, South America, Europe,
  The Middle East Africa, Asia-Pacific)

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Major Target Areas
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