Us Bio Solvents Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Bio Solvents Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 8.1 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The United States bio solvents market is experiencing significant growth, driven by increasing environmental awareness and stringent regulations promoting sustainable industrial practices. Bio solvents, derived from renewable resources such as corn, soybeans, and citrus fruits, offer eco-friendly alternatives to traditional petroleum-based solvents. This shift towards green solutions is evident across various industries, including paints and coatings, pharmaceuticals, and personal care products.
In 2023, the global bio solvents market was valued at approximately USD 4.06 billion, with projections indicating a rise to USD 5.21 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 3.9% from 2024 to 2030. North America, particularly the U.S., held a dominant share of 28.4% in 2023, primarily due to the escalating demand for environmentally friendly alternatives and the presence of industry leaders such as Cargill Incorporated and Stepan Company.
The paints and coatings industry is a major consumer of bio solvents, accounting for 31.5% of the market share in 2023. The demand for low-VOC (volatile organic compounds) and eco-friendly formulations has propelled manufacturers to adopt bio-based solvents. Similarly, the pharmaceutical sector is witnessing increased utilization of bio solvents in drug formulation and production processes, aiming to enhance safety and sustainability.
Despite the positive trajectory, the bio solvents market faces challenges, including higher production costs compared to conventional solvents and limited awareness in emerging markets. However, advancements in biotechnology and increased research and development efforts are expected to mitigate these issues, making bio solvents more cost-effective and efficient.
Recent developments in the industry underscore the growing investment and innovation in bio solvents. In January 2024, Syensqo Ventures led a USD 2.1 million investment in Bioeutectics, supporting the expansion of its biotechnology platform focused on developing renewable materials, including bio solvents, for applications in the agro, industrial, food, and biopharma sectors. Additionally, in July 2023, Circa Group AS filed patent applications for two novel solvents designed for carbon capture processes, developed from the platform molecule levoglucosenone (LGO).
As industries continue to prioritize sustainability and regulatory compliance, the adoption of bio solvents in the U.S. is poised to expand further. The ongoing shift towards green chemistry and the development of high-performance bio-based solutions are set to drive the market, offering environmentally friendly alternatives across various applications.
Get an In-Depth Research Analysis of the Global Bio Solvents Market Size And Forecast [2025-2032]
Â
BASF SE
Huntsman Corporation
DowDuPont
Vertec BioSolvents Inc.
Florida Chemical Company
Cargill Incorporated
Galactic
Gevo
Pinova Holdings INC
Myriant
LyondellBasell
Solvay
Akzo Nobel
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Bio Solvents Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Bio Solvents Market
Esters
Alcohols
Glycols
Terpenes
Ketones
Aldehydes
Paints and Coatings
Adhesives
Printing Inks
Cleaners
Pesticides
Personal Care Products
Plant-based
Animal-based
Synthetic
Fermentation-based
Polar Protic Solvents
Polar Aprotic Solvents
Non-polar Solvents
Pharmaceuticals
Food and Beverages
Cosmetics
Construction
Agriculture
Automotive
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Bio Solvents Market Research Analysis
1. Introduction of the Global Bio Solvents Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bio Solvents Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bio Solvents Market, By Type
6. Global Bio Solvents Market, By Application
7. Global Bio Solvents Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bio Solvents Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/