グリーン溶剤の技術、新たな機会、市場

Green Solvents: Technologies, Emerging Opportunities and Markets

グリーン溶剤の技術、新たな機会、市場

商品番号 : SMB-67515

出版社BCC Research
出版年月2024年10月
ページ数119
価格タイプシングルユーザライセンス
価格USD 5,500
種別英文調査報告書

Report Highlights

The global market for green solvents reached $4.5 billion in 2023. The market is expected to grow from $4.9 billion in 2024 and forecast to reach $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029.

グリーン溶剤の世界市場は、2023 年に 45 億ドルに達しました。市場は 2024 年の 49 億ドルから成長し、2024 年から 2029 年までの年間平均成長率 (CAGR) 9.3% で、2029 年までに 77 億ドルに達すると予測されています。

Summary:

Green solvents, also known as environmentally friendly or sustainable solvents, are typically produced through crop processing. Various types of green solvents include water, supercritical water, ionic liquids and fluids. These alternatives are more environmentally friendly, non-toxic and safer compared with conventional volatile organic compounds (VOCs).

In industrial applications, eco-friendly green solvents help minimize the environmental footprint of the application. They are formulated with two primary goals: reducing toxicity and conserving energy resources. 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 SE, 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.

Four geographical regions have been identified for the green solvents market: North America, Asia[1]Pacific, Europe and the Rest of the World (the Middle East and Africa and Latin America). 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 Synopsis

Report MetricsDetails
Base year considered2023
Forecast period considered2024-2029
Base year market size$4.5 Billion
Market size forecast$7.7 Billion
Growth rateCAGR of 9.3% from 2024 to 2029 (By Value)
Units consideredKilo Tons (Volume) and $ Millions (Revenue)
Segments coveredBy Material, Application, and Region
Regions coveredNorth America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers
  • Increasing demand for bio-based coatings
  • Stringent environmental regulations
  • Increasing use of green solvents by end users
Companies studied
ADMASTROBIO
BASF SEBIO BRANDS LLC.
BRASKEMCARGILL INC.
CORBIONDOW
LYONDELLBASELL INDUSTRIES HOLDINGS B.V.SOLVAY

Report Scope

This report analyzes the global market for green solvents by segmenting it based on material, application and region. These market segments are analyzed at the global and regional levels. The base year for this analysis is 2023 and market estimates and forecasts are given from 2024 through 2029. The market estimates are provided in terms of volume (kilo tons) and revenue ($ millions).

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.

Based on region, the market is segmented into:

– North America.

– Europe.

– Asia-Pacific.

– Rest of the World (RoW).

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, including ADM, Braskem, Cargill Inc., Corbion, and BASF SE

Table of Contents

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

Bargaining Power of Suppliers: Moderate

Competition in the Industry: High

Threat of Substitutes: Moderate

Threat of Market Entry: Moderate

Bargaining Power of Buyers: Moderate

Chapter 3 Market Dynamics

Overview

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

Segmentation Breakdown

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

Geographic Breakdown

Market Analysis by Region

North America

Europe

Asia-Pacific

Rest of the World

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

Concluding Remarks from BCC Research

Chapter 9 Appendix

Methodology

Information Sources

References

Abbreviations

Company Profiles

ADM

ASTROBIO

BASF SE

BIO BRANDS LLC.

BRASKEM

CARGILL INC.

CORBION

DOW

LYONDELLBASELL INDUSTRIES HOLDINGS B.V.

SOLVAY

List of Tables

Summary Table : Global Market for Green Solvents, by Region, Through 2029

Table 1 : Regulations on Green Solvents Market, 2023

Table 2 : Global Market Volume for Green Solvents, by Material, Through 2029

Table 3 : Global Market for Green Solvents, by Material, Through 2029

Table 4 : Global Market Volume for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 5 : Global Market for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 6 : Global Market Volume for Bio-based Alcohol, Glycol and Diols, by Region, Through 2029

Table 7 : Global Market for Bio-based Alcohol, Glycol and Diols, by Region, Through 2029

Table 8 : Global Market Volume for D-limonene, by Region, Through 2029

Table 9 : Global Market for D-limonene, by Region, Through 2029

Table 10 : Global Market Volume for FAME, by Region, Through 2029

Table 11 : Global Market for FAME, by Region, Through 2029

Table 12 : Global Market Volume for Lactate Esters, by Region, Through 2029

Table 13 : Global Market for Lactate Esters, by Region, Through 2029

Table 14 : Global Market Volume for Other Green Solvents, by Region, Through 2029

Table 15 : Global Market for Other Green Solvents, by Region, Through 2029

Table 16 : Global Market Volume for Green Solvents, by Application, Through 2029

Table 17 : Global Market for Green Solvents, by Application, Through 2029

Table 18 : Global Market Volume for Green Solvents for Paints and Coatings, by Region, Through 2029

Table 19 : Global Market for Green Solvents for Paints and Coatings, by Region, Through 2029

Table 20 : Global Market Volume for Green Solvents for Cosmetics, by Region, Through 2029

Table 21 : Global Market for Green Solvents for Cosmetics, by Region, Through 2029

Table 22 : Global Market Volume for Green Solvents for Printing Inks, by Region, Through 2029

Table 23 : Global Market for Green Solvents for Printing Inks, by Region, Through 2029

Table 24 : Global Market Volume for Green Solvents for Cleaning Products, by Region, Through 2029

Table 25 : Global Market for Green Solvents for Cleaning Products, by Region, Through 2029

Table 26 : Global Market Volume for Green Solvents for Adhesives and Sealants, by Region, Through 2029

Table 27 : Global Market for Green Solvents for Adhesives and Sealants, by Region, Through 2029

Table 28 : Global Market Volume for Green Solvents for Pharmaceuticals, by Region, Through 2029

Table 29 : Global Market for Green Solvents for Pharmaceuticals, by Region, Through 2029

Table 30 : Global Market Volume for Green Solvents for Other Applications, by Region, Through 2029

Table 31 : Global Market for Green Solvents for Other Applications, by Region, Through 2029

Table 32 : Global Market Volume for Green Solvents, by Region, Through 2029

Table 33 : Global Market for Green Solvents, by Region, Through 2029

Table 34 : North American Market Volume for Green Solvents, by Country, Through 2029

Table 35 : North American Market for Green Solvents, by Country, Through 2029

Table 36 : North American Market Volume for Green Solvents, by Material, Through 2029

Table 37 : North American Market for Green Solvents, by Material, Through 2029

Table 38 : North American Market Volume for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 39 : North American Market for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 40 : North American Market Volume for Green Solvents, by Application, Through 2029

Table 41 : North American Market for Green Solvents, by Application, Through 2029

Table 42 : European Market Volume for Green Solvents, by Country, Through 2029

Table 43 : European Market for Green Solvents, by Country, Through 2029

Table 44 : European Market Volume for Green Solvents, by Material, Through 2029

Table 45 : European Market for Green Solvents, by Material, Through 2029

Table 46 : European Market Volume for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 47 : European Market for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 48 : European Market Volume for Green Solvents, by Application, Through 2029

Table 49 : European Market for Green Solvents, by Application, Through 2029

Table 50 : Asia-Pacific Market Volume for Green Solvents, by Country, Through 2029

Table 51 : Asia-Pacific Market for Green Solvents, by Country, Through 2029

Table 52 : Asia-Pacific Market Volume for Green Solvents, by Material, Through 2029

Table 53 : Asia-Pacific Market for Green Solvents, by Material, Through 2029

Table 54 : Asia-Pacific Market Volume for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 55 : Asia-Pacific Market for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 56 : Asia-Pacific Market Volume for Green Solvents, by Application, Through 2029

Table 57 : Asia-Pacific Market for Green Solvents, by Application, Through 2029

Table 58 : Rest of the World Market Volume for Green Solvents, by Sub-region, Through 2029

Table 59 : Rest of the World Market for Green Solvents, by Sub-region, Through 2029

Table 60 : Rest of the World Market Volume for Green Solvents, by Material, Through 2029

Table 61 : Rest of the World Market for Green Solvents, by Material, Through 2029

Table 62 : Rest of the World Market Volume for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 63 : Rest of the World Market for Bio-based Alcohol, Glycol and Diols, by Type, Through 2029

Table 64 : Rest of the World Market Volume for Green Solvents, by Application, Through 2029

Table 65 : Rest of the World Market for Green Solvents, by Application, Through 2029

Table 66 : ESG Carbon Footprint Issue Analysis

Table 67 : Abbreviations Used in This Report

Table 68 : ADM: Company Snapshot

Table 69 : ADM: Financial Performance, FY 2022 and 2023

Table 70 : ADM: Product Portfolio

Table 71 : Astrobio: Company Snapshot

Table 72 : Astrobio: Product Portfolio

Table 73 : BASF SE: Company Snapshot

Table 74 : BASF SE: Financial Performance, FY 2022 and 2023

Table 75 : BASF SE: Product Portfolio

Table 76 : BASF SE: News/Key Developments, 2023

Table 77 : Bio Brands LLC.: Company Snapshot

Table 78 : Bio Brands LLC.: Product Portfolio

Table 79 : Braskem: Company Snapshot

Table 80 : Braskem: Financial Performance, FY 2022 and 2023

Table 81 : Braskem: Product Portfolio

Table 82 : Cargill Inc.: Company Snapshot

Table 83 : Cargill Inc.: Product Portfolio

Table 84 : Corbion: Company Snapshot

Table 85 : Corbion: Financial Performance, FY 2022 and 2023

Table 86 : Corbion: Product Portfolio

Table 87 : Dow: Company Snapshot

Table 88 : Dow: Financial Performance, FY 2022 and 2023

Table 89 : Dow: Product Portfolio

Table 90 : Dow: News/Key Developments, 2024

Table 91 : LyondellBasell Industries Holdings B.V.: Company Snapshot

Table 92 : LyondellBasell Industries Holdings B.V.: Financial Performance, FY 2022 and 2023

Table 93 : LyondellBasell Industries Holdings B.V.: Product Portfolio

Table 94 : Solvay: Company Snapshot

Table 95 : Solvay: Financial Performance, FY 2022 and 2023

Table 96 : Solvay: Product Portfolio

List of Figures

Summary Figure : Global Market for Green Solvents, by Region, 2023-2029

Figure 1 : Different Types of Green Solvents

Figure 2 : Ecosystem of Supply Chain Partners: Green Solvents

Figure 3 : Porter’s Five Forces Analysis: Market for Green Solvents

Figure 4 : Snapshot of the Market Dynamics for Green Solvents

Figure 5 : Global Market Shares of Green Solvents, by Material, 2023

Figure 6 : Global Market Shares of Bio-based Alcohol, Glycol and Diols, by Type, 2023

Figure 7 : Global Market Shares of Bio-based Alcohol, Glycol and Diols, by Region, 2023

Figure 8 : Global Market Shares of D-limonene, by Region, 2023

Figure 9 : Global Market Shares of FAME, by Region, 2023

Figure 10 : Global Market Shares of Lactate Esters, by Region, 2023

Figure 11 : Global Market Shares of Other Green Solvents, by Region, 2023

Figure 12 : Global Market Shares of Green Solvents, by Application, 2023

Figure 13 : Global Market Shares of Green Solvents for Paints and Coatings, by Region, 2023

Figure 14 : Global Market Shares of Green Solvents for Cosmetics, by Region, 2023

Figure 15 : Global Market Shares of Green Solvents for Printing Inks, by Region, 2023

Figure 16 : Global Market Shares of Green Solvents for Cleaning Products, by Region, 2023

Figure 17 : Global Market Shares of Green Solvents for Adhesives and Sealants, by Region, 2023

Figure 18 : Global Market Shares of Green Solvents for Pharmaceuticals, by Region, 2023

Figure 19 : Global Market Shares of Green Solvents for Other Applications, by Region, 2023

Figure 20 : Global Market Shares of Green Solvents, by Region, 2023

Figure 21 : North American Market Shares of Green Solvents, by Country, 2023

Figure 22 : North American Market Shares of Green Solvents, by Material, 2023

Figure 23 : North American Market Shares of Bio-based Alcohol, Glycol and Diols, by Type, 2023

Figure 24 : North American Market Shares of Green Solvents, by Application, 2023

Figure 25 : European Market Shares of Green Solvents, by Country, 2023

Figure 26 : European Market Shares of Green Solvents, by Material, 2023

Figure 27 : European Market Shares of Bio-based Alcohol, Glycol and Diols, by Type, 2023

Figure 28 : European Market Shares of Green Solvents, by Application, 2023

Figure 29 : Asia-Pacific Market Shares of Green Solvents, by Country, 2023

Figure 30 : Asia-Pacific Market Shares of Green Solvents, by Material, 2023

Figure 31 : Asia-Pacific Market Shares of Bio-based Alcohol, Glycol and Diols, by Type, 2023

Figure 32 : Asia-Pacific Market Shares of Green Solvents, by Application, 2023

Figure 33 : Rest of the World Market Shares of Green Solvents, by Sub-region, 2023

Figure 34 : Rest of the World Market Shares of Green Solvents, by Material, 2023

Figure 35 : Rest of the World Market Shares of Bio-based Alcohol, Glycol and Diols, by Type, 2023

Figure 36 : Rest of the World Market Shares of Green Solvents, by Application, 2023

Figure 37 : Market Entry Strategies: Suggestions for Small- and Medium-Sized Players

Figure 38 : Market Player Positioning Analysis, 2023

Figure 39 : ESG Factors in the Market for Sustainable Packaging

Figure 40 : ADM: Revenue Share, by Business Unit, FY 2023

Figure 41 : ADM: Revenue Share, by Country/Region, FY 2023

Figure 42 : BASF SE: Revenue Share, by Business Unit, FY 2023

Figure 43 : BASF SE: Revenue Share, by Country/Region, FY 2023

Figure 44 : Braskem: Revenue Share, by Region/Country, FY 2023

Figure 45 : Corbion: Revenue Share, by Business Unit, FY 2022

Figure 46 : Corbion: Revenue Share, by Region, FY 2022

Figure 47 : Dow: Revenue Share, by Business Unit, FY 2023

Figure 48 : Dow: Revenue Share, by Country/Region, FY 2023

Figure 49 : LyondellBasell Industries Holdings B.V.: Revenue Share, by Business Unit, FY 2023

Figure 50 : LyondellBasell Industries Holdings B.V.: Revenue Share, by Country/Region, FY 2023

Figure 51 : Solvay: Revenue Share, by Business Unit, FY 2023

Figure 52 : Solvay: Revenue Share, by Country/Region, FY 2023