Us Bio-Solvents Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Bio-Solvents Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.8 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
The U.S. Bio-Solvents Market is experiencing significant growth, driven by increasing environmental concerns and stringent government regulations. Valued at approximately USD 4.06 billion in 2023, the market is projected to expand at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030. This growth is largely attributed to the shift towards eco-friendly solvents derived from renewable resources, offering sustainable and less toxic alternatives to traditional petroleum-based solvents.
Key end-use industries such as paints and coatings, adhesives, and pharmaceuticals are increasingly adopting bio-solvents to meet consumer demand for greener and safer products. The paints and coatings segment, in particular, dominated the market with a 31.5% share in 2023, driven by the need to comply with stringent volatile organic compound (VOC) regulations and the rising consumer preference for environmentally friendly products.
Advancements in technology and increased research and development activities are leading to the development of high-performance bio-solvents, further driving their adoption across various industries. Regulatory frameworks, such as the Farm Security and Rural Investment Act in the U.S. and the Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH) by the European Union, have made it necessary for manufacturers to use bio-based materials in their production processes. These regulations aim to mitigate the environmental and health risks associated with synthetic solvents, which can irritate the skin, eyes, and nose and release VOCs harmful to the environment.
In the U.S., the bio-solvents market is expected to continue its upward trajectory, supported by favorable government policies promoting renewable resources and sustainable practices. The increasing demand for eco-friendly products, coupled with supportive government regulations, has driven the adoption of bio-alcohols, which accounted for 45.6% of the market share in 2023. Bio-alcohols, such as bioethanol and biobutanol, serve as sustainable alternatives to petrochemical solvents in industries like pharmaceuticals and food and beverages.
Looking ahead, the U.S. bio-solvents market is poised for continued growth, with projections indicating a market size of USD 5.21 billion by 2030. This growth is expected to be driven by the ongoing shift towards sustainable and less toxic alternatives in various industrial applications, supported by technological advancements and favorable regulatory environments.
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Dow Chemical Company
BASF
BioAmber
Cargill
Stepan Company
Archer Daniels Midland Company
Corbion
Huntsman International
Florida Chemical Company
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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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bio-Solvents Market
Alcohols
Aromatics
Esters
Terpenes
Glycols
Natural Bio-Solvents
Plant-Based
Animal-Based
Paints and Coatings
Adhesives and Sealants
Printing Inks
Cosmetics and Personal Care
Pharmaceuticals
Industrial Cleaning
Solubilizers
Thinners
Degreasers
Extractants
Automotive
Construction
Food and Beverage
Textile
Pharmaceutical
Electronics
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)
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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
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