According to the latest global industry analysis spanning from 2016 to 2020 and projecting into the upcoming assessment period of 2021 to 2031, the demand for green solvents is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) ranging between 6% to 8%. This surge in demand is attributed to a rapid increase in consumer awareness regarding the importance of eco-friendly products.

In the quest for sustainable and environmentally friendly solutions, industries across the globe are increasingly turning towards green solvents. These solvents, derived from renewable resources or synthesized using eco-friendly processes, offer a promising alternative to traditional volatile organic compounds (VOCs) and hazardous chemicals.

Request Your Sample Report Now!

Key Drivers of the Green Solvents Market:

  1. Environmental Regulations: Stringent regulations imposed by governments worldwide to reduce emissions and limit the use of harmful chemicals are propelling the adoption of green solvents. Regulatory bodies are increasingly endorsing environmentally benign solvents, incentivizing industries to transition towards greener alternatives.
  2. Health and Safety Concerns: Traditional solvents pose risks to human health and the environment due to their toxicity and volatility. In contrast, green solvents offer safer working conditions, reduced health hazards, and minimal environmental impact, making them an attractive choice for industries prioritizing employee well-being and sustainability.
  3. Consumer Awareness and Demand: With growing environmental awareness among consumers, there is a rising demand for products manufactured using sustainable practices and eco-friendly ingredients. Industries are responding by reformulating their products with green solvents to meet consumer expectations for environmentally responsible goods.
  4. Technological Advancements: Continuous innovation in green chemistry and solvent engineering is driving the development of novel green solvents with improved performance characteristics. Advancements such as bio-based solvents, ionic liquids, and supercritical fluids are expanding the application scope of green solvents across various industries.

Green Solvents Market: Key Players

  • Archer Daniels Midland Company
  • Vertec Biosolvents Inc.
  • Stepan Company
  • Solvay
  • GFBiochemicals
  • Cargill Inc.
  • Astrobio
  • The Dow Chemical Company
  • India Glycols Limited.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights:

Key Segmentation of the Green Solvents Market


  • Bio-Alcohols
  • Bio-Diols
  • Bio-Glycols
  • Lactate Esters
  • Others


  • Industrial & Domestic Cleaners
  • Paints & Coatings
  • Adhesives
  • Printing Inks
  • Pharmaceuticals
  • Cosmetics
  • Others

Based on Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries:
LinkedInTwitterBlogs | YouTube

Leave a comment

Your email address will not be published. Required fields are marked *