Bio-Solvents Market Analysis

  • Report ID: 3359
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Bio-Solvents Market Analysis

Type (Bio-Alcohols, Glycols, Esters)

The global bio-solvents market is segmented and analyzed for demand and supply by type into bio-alcohols, glycols, esters, and others. Out of these segments, the bio-alcohol segment is estimated to gain the largest market share in the year 2036. The growth of the segment can be attributed to the rising demand for these products as a rapid replacement of industrial solvents in many end-use industries as well as the rising adoption of bio-alcohols as cleaners and disinfectants post-COVID-19. The total disinfectant sales in the state of Washington, soared by almost 1,325% in March 2020 and in Florida, the purchase of cleaning wipes rose by 1,200% during the pandemic in 2020.   Moreover, the augment of the bio-jet fuel production technology using bio-alcohol such as bio-butanol and bio-ethanol for reducing carbon emissions as a solution to global warming, is further anticipated to accelerate the segment's growth. It was found that around 12% of transportation fuel is accounted for by the aviation industry. Also, it contributes 2% of greenhouse gas to environmental pollution and global warming.

Application (Paints & Coatings, Adhesives & Sealants, Printing Inks)

The global bio-solvents market is also segmented and analyzed for demand and supply by application into paints & coatings, adhesives & sealants, printing inks, and others. Amongst these given segments, the paints & coatings segment is expected to garner a significant share in the year 2036. The growth of the segment is anticipated on the back of the rapid growth of the paints & coating industries with growing demand for these products in the many end-use industries such as construction, wood, aerospace, automotive, general industrial, coil, railing, and packaging coating, and others. As per a report, the total valuation of the global paint and coatings industry reached around USD 160 billion in 2021. Moreover, the growing construction sector with the rising demand for residential and commercial buildings is leading to the increase in demand for paints & coatings in the building and construction sector, as paints & coatings are used to protect constructed structures from any external damage. This, as result, is further expected to boost the segment growth.

Our in-depth analysis of the global market includes the following segments:

       By Type

  • Bio-Alcohols
  • Glycols
  • Esters
  • Others

       By Application

  • Paints & Coatings 
  • Adhesives & Sealants
  • Printing Inks
  • Others

       By End-User

  • Automotive
  • Pharmaceutical
  • Others
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Author Credits:  Rajrani Baghel


  • Report ID: 3359
  • Published Date: Jul 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of bio-solvents is estimated at USD 2.21 Billion.

The bio-solvents market size was over USD 2.11 Billion in 2023 and is set to cross USD 4.12 Billion by the end of 2036, witnessing more than 5.3% CAGR during the forecast period i.e., between 2024-2036. The growing demand for petrochemical replacement as well as the rising development of sustainable alternatives along with the rising concern about GHG emissions are some major factors driving the market growth.

North America is projected to dominate majority industry share by 2036, propelled by growing investment in green chemistry as well as the rising development of renewable organic material along with increasing consumption of biomass.

BASF SE, Marathon Petroleum Corporation, Archer Daniels Midland Company, Vertec Biosolvents Inc., Stepan Company, Solvay S.A., GF Biochemicals, The Dow Chemical Company, India Glycols Ltd., Liberty Chemicals srl, DuPont de Nemours, Inc.
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