Market Overview:
The global green solvent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for environment-friendly products and stringent regulations on VOC emissions. Inorganic solvents are projected to grow at a higher rate than organic solvents during the forecast period. Construction, coating, cleaning products, industrial applications, toiletries, and cosmetics are the major application segments of the global green solvent market. North America is expected to lead the market in terms of revenue during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A green solvent is a chemical that is environmentally friendly and does not produce harmful fumes. It is important to use a green solvent whenever possible because it can help reduce air pollution and the risk of hazardous spills.
Organic Solvent:
Organic solvent is a type of chemical solvent that is produced by the fractional distillation of organic liquids. Organic solvents are characterized as either water-based or oil-based. The choice between the two largely depends on factors such as intended use, environmental impact, and cost among others.
Inorganic Solvent:
Inorganic solvent is a chemical compound that does not contain carbon. In other words, it's a chemical substance that contains only inorganic elements such as oxygen, nitrogen, and hydrogen. Some typical examples of inorganic solvents are water (H2O), ethanol (Ethanol), acetone (Acetone or MEK), and chloroform (CHCL3).
The global green solvent market size was valued at USD 2.5 billion in 2015.
Application Insights:
The construction application segment led the global green solvent market in 2017 and is projected to witness significant growth over the forecast period. Rapid urbanization coupled with rising demand for residential and commercial buildings across various regions is anticipated to drive product demand in this application segment.
Coating was the second largest application of organic solvents in 2017. Increasing use of water-based coatings as a substitute for their toxic counterparts has resulted in high consumption of these products over recent years. This trend is expected to continue over the forecast period owing to growing awareness regarding environment preservation among consumers around the globe. In addition, stringent government regulations pertaining to coatings are further likely to propel industry expansion at a rapid pace during future years.
Regional Analysis:
Asia Pacific was the dominant regional segment in 2017 and accounted for over 45% of the global revenue share. The region is anticipated to witness significant growth on account of rapid industrialization, coupled with rising product demand from various end-use industries such as coatings, construction, cleaning products and pharmaceuticals.
The growing manufacturing sector in emerging economies such as China and India are expected to drive Green Solvent market growth over the forecast period. In addition, increasing foreign investments coupled with favorable government policies have propelled industrial development across Asia Pacific which is further expected to propel industry expansion at a steady CAGR from 2018 to 2030.
Europe emerged as the second largest regional segment owing to high consumption levels of solvents in Germany followed by U.K.
Growth Factors:
- Increasing demand from end-use industries: The global Green Solvent market is projected to grow at a CAGR of 5.5% from 2017 to 2025, owing to the increasing demand from end-use industries such as paints & coatings, printing inks, and adhesives.
- Rising environmental concerns: The growing awareness about the harmful effects of conventional solvents has led to an increase in the adoption of green solvents, which are environment-friendly and non-toxic.
- Technological advancements: The development of new and innovative green solvents is expected to boost the growth of the global Green Solvent market during the forecast period.
- Growing investments by key players: Key players in the global Green Solvent market are investing heavily in research and development activities for developing new and innovative products that can be used as substitutes for conventional solvents. This is likely to propel the growth of this market duringthe forecast period . 5) Stringent government regulations pertainingto VOCs emissions: Stringent government regulations pertainingto VOCs emissions are encouragingthe useofgreen solventsthat have low or no emission levels
Scope Of The Report
Report Attributes
Report Details
Report Title
Green Solvent Market Research Report
By Type
Organic Solvent, Inorganic Solvent
By Application
Construction, Coating, Cleaning Products, Industrial Applications, Toiletries, Cosmetics
By Companies
Genomatica, Archer Daniels Midland, Vertec Biosolvents, AkzoNobel, DowDuPont, BASF, Sucrogen Bioethanol, Bioamber, Shenzen Esun Industrial Company, Cargill Incorporated
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Green Solvent Market Report Segments:
The global Green Solvent market is segmented on the basis of:
Types
Organic Solvent, Inorganic Solvent
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Coating, Cleaning Products, Industrial Applications, Toiletries, Cosmetics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Genomatica
- Archer Daniels Midland
- Vertec Biosolvents
- AkzoNobel
- DowDuPont
- BASF
- Sucrogen Bioethanol
- Bioamber
- Shenzen Esun Industrial Company
- Cargill Incorporated
Highlights of The Green Solvent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Solvent
- Inorganic Solvent
- By Application:
- Construction
- Coating
- Cleaning Products
- Industrial Applications
- Toiletries
- Cosmetics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Green Solvent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Green solvent is a type of solvent that is made from plants.
Some of the key players operating in the green solvent market are Genomatica, Archer Daniels Midland, Vertec Biosolvents, AkzoNobel, DowDuPont, BASF, Sucrogen Bioethanol, Bioamber, Shenzen Esun Industrial Company, Cargill Incorporated.
The green solvent market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Green Solvent Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Green Solvent Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Green Solvent Market - Supply Chain
4.5. Global Green Solvent Market Forecast
4.5.1. Green Solvent Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Green Solvent Market Size (000 Units) and Y-o-Y Growth
4.5.3. Green Solvent Market Absolute $ Opportunity
5. Global Green Solvent Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Green Solvent Market Size and Volume Forecast by Type
5.3.1. Organic Solvent
5.3.2. Inorganic Solvent
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Green Solvent Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Green Solvent Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Coating
6.3.3. Cleaning Products
6.3.4. Industrial Applications
6.3.5. Toiletries
6.3.6. Cosmetics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Green Solvent Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Green Solvent Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Green Solvent Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Green Solvent Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Green Solvent Demand Share Forecast, 2019-2026
9. North America Green Solvent Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Green Solvent Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Green Solvent Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Coating
9.4.3. Cleaning Products
9.4.4. Industrial Applications
9.4.5. Toiletries
9.4.6. Cosmetics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Green Solvent Market Size and Volume Forecast by Type
9.7.1. Organic Solvent
9.7.2. Inorganic Solvent
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Green Solvent Demand Share Forecast, 2019-2026
10. Latin America Green Solvent Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Green Solvent Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Green Solvent Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Coating
10.4.3. Cleaning Products
10.4.4. Industrial Applications
10.4.5. Toiletries
10.4.6. Cosmetics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Green Solvent Market Size and Volume Forecast by Type
10.7.1. Organic Solvent
10.7.2. Inorganic Solvent
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Green Solvent Demand Share Forecast, 2019-2026
11. Europe Green Solvent Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Green Solvent Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Green Solvent Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Coating
11.4.3. Cleaning Products
11.4.4. Industrial Applications
11.4.5. Toiletries
11.4.6. Cosmetics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Green Solvent Market Size and Volume Forecast by Type
11.7.1. Organic Solvent
11.7.2. Inorganic Solvent
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Green Solvent Demand Share, 2019-2026
12. Asia Pacific Green Solvent Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Green Solvent Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Green Solvent Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Coating
12.4.3. Cleaning Products
12.4.4. Industrial Applications
12.4.5. Toiletries
12.4.6. Cosmetics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Green Solvent Market Size and Volume Forecast by Type
12.7.1. Organic Solvent
12.7.2. Inorganic Solvent
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Green Solvent Demand Share, 2019-2026
13. Middle East & Africa Green Solvent Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Green Solvent Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Green Solvent Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Coating
13.4.3. Cleaning Products
13.4.4. Industrial Applications
13.4.5. Toiletries
13.4.6. Cosmetics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Green Solvent Market Size and Volume Forecast by Type
13.7.1. Organic Solvent
13.7.2. Inorganic Solvent
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Green Solvent Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Green Solvent Market: Market Share Analysis
14.2. Green Solvent Distributors and Customers
14.3. Green Solvent Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Genomatica
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Archer Daniels Midland
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vertec Biosolvents
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AkzoNobel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. DowDuPont
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Sucrogen Bioethanol
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bioamber
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shenzen Esun Industrial Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cargill Incorporated
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
