Green Solvents Market Technologies and Emerging Opportunities Report 2024 - A USD 7.7 Billion Market by 2029, Rising at a CAGR of 9.3%

Green Solvents Market

Dublin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- The "Green Solvents: Technologies, Emerging Opportunities and Markets" report has been added to ResearchAndMarkets.com's offering.The green solvents market was valued at USD 4.9 billion in 2024, and is expected to reach USD 7.7 billion by 2029, rising at a CAGR of 9.3%. The green and bio-based solvents market is expected to grow significantly in the coming years, driven by strict regulations on VOC emissions and other hazardous air pollutants and increasing adoption in the Asia-Pacific region.

The shift from petrochemical and fuel products to renewable resources, along with growing government support for research into green and bio-based solvents, presents significant opportunities for market growth. The demand for eco-friendly paints and coatings has risen due to favorable regulations from entities like the European Commission (EC) and the Eco-product Certification Scheme (ECS). These solvents are crucial in dispersing or dissolving compounds used in paint production. These regulations are designed to promote the use of sustainable materials in paint production. As these regulations become more prevalent, they catalyze the adoption of green solvents, essential for dispersing or dissolving compounds in paint. This regulatory push is one of the major forces propelling the growth of the green solvents market.The packaging industry, which uses green solvent-based sealants and adhesives for bonding applications, has grown rapidly due to increased demand for consumer goods. These factors are expected to drive market expansion during the forecast period.Among the various green solvents, lactate esters are expected to grow at a significant rate. This prominence is due to their widespread use in pharmaceuticals, industrial applications and personal care products. Lactate esters offer several advantages, making them attractive alternatives to traditional petroleum-based solvents. They are easily recyclable, non-corrosive, 100% biodegradable and do not contribute to ozone depletion. These properties, combined with the potential for cost reductions in their production, make lactate esters a compelling choice for a variety of applications, including paints and coatings.ADM, Braskem, Cargill, Corbion, BASF, Dow, Solvay and LyondellBasell are some major green solvent producers. These companies engage in R&D to produce eco-friendly and sustainable products. They also focus on expanding their product portfolio and strengthening the supply chain network to capture market share.In 2023, North America dominated the global market for green solvents. A few of the major factors propelling the regional market are the presence of several green solvents manufacturing companies in the region, technological advances and stringent regulation on the use of petroleum-based products.Report ScopeThis report analyzes the global market for green solvents by segmenting it based on material, application and region.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

The 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 in the green solvents market including ADM, Braskem, Cargill Inc., Corbion, and BASF

Key Attributes:

Report Attribute

Details

No. of Pages

119

Forecast Period

2024 - 2029

Estimated Market Value (USD) in 2024

$4.9 Billion

Forecasted Market Value (USD) by 2029

$7.7 Billion

Compound Annual Growth Rate

9.3%

Regions Covered

Global

Key Topics Covered: Chapter 1 Executive Summary

Market Outlook

Scope of Report

Market Summary

Chapter 2 Market Overview

Green Solvents

Traditional Solvents Vs. Green Solvents

Applications of Green Solvents

Supply Chain Analysis

Feedstock

Green Solvents

Distribution and Logistics

Consumers

Porter's Five Forces Analysis

Chapter 3 Market Dynamics

Market Drivers

Increasing Demand for Bio-based Coatings

Stringent Environmental Regulations

Increasing Use of Green Solvents by End Users

Market Opportunities

Technological Advances in Green Chemistry

Expansion in End-use Markets

Market Challenges

The High Production Cost of Green Solvents

Market Competition from Traditional Solvents

Chapter 4 Regulatory Landscape

Regulatory Analysis

Environmental Regulations

Safety and Health Regulations

Industry-specific Regulations

Chapter 5 Emerging Technologies

Technological Advances

Bio-based Feedstocks

Innovation in Production Technologies

Green Solvents Application

Technological Challenges and Future Scope

Chapter 6 Market Segmentation Analysis

Market Analysis by Material

Bio-based Alcohol, Glycol, Diols

D-limonene

Fatty Acid Methyl Esters (FAME)

Lactate Esters

Other Green Solvents

Market Analysis by Application

Paints and Coatings

Cosmetics

Printing inks

Cleaning Products

Adhesives and Sealants

Pharmaceuticals

Other Applications

Market Analysis by Region

Chapter 7 Competitive Landscape

Market Competitiveness

Market Player Positioning

Company Revenue

Product Portfolio

Geographic Presence

Market Player Positioning Analysis

Chapter 8 Sustainability in Green Solvents Industry: An ESG Perspective

Importance of ESG in the Green Solvents Industry

ESG Practices in the Green Solvents Industry

Emerging Sustainability Trends

Companies Profiled:

ADM

Astrobio

BASF

Bio Brands

Braskem

Cargill

Corbion

Dow

LyondellBasell Industries

Solvay

For more information about this report visit https://www.researchandmarkets.com/r/ugf5yo

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Green Solvents Market