Green Solvents Market Comprehensive Analysis and Forecast 2025 to 2030
Markntel Advisors’ report, Green Solvents Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Green Solvents presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Green Solvents Market Research Report & Market Summary:
The?Global Green Solvents Market?size was valued at around?USD 1.34 billion in 2024?and is projected to reach?USD 1.87 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 5.7% during the forecast period, i.e., 2025-30. The environment-friendly operations offered by green solvents are the main reasons behind their high use in various industries such as in making paints, coatings, adhesives, inks, cosmetics, and many others, that are shifting to eco-friendly operations. This also helps companies to meet the norms defined by the governmental firms. As a result, their demand has increased over the past years and the market has experienced significant growth.
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Green Solvents Market Dynamics:
Key Driver-
Increasing Shift of Various Industries Towards Sustainable Operations –?Various industries are getting inclined towards making their operations environment-friendly. These efforts are done to meet the emission goals set by the governments of various countries. Also, this helps in reducing the wastage of raw materials and hence the production cost. As a result, they use green solvents in their products which helps them address the same. For instance, Nippon Paint, a paint supplier company has introduced the Green Choice series, which is made using green solvents and ensures a toxic-free environment at home. This shows the high demand for green solvents which is growing demand from numerous such companies. Therefore, the use of such crop-based solvents has helped various companies reduce their environmental impact and also their expenses, thus increasing their demand, and this trend is expected to continue in the future years as well.
Green Solvents Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Type
Based on the type of green solvent, bio-alcohols lead the market with a share of around 32%. The wider availability of this segment is the main reason behind this growth.?
By Application
Based on the application of green solvents, they are most widely used in the manufacturing of paints and coatings with a market share of around 35%.?
By Region
Regionally, Asia-Pacific dominates the market with a share of around 41%. This dominance is due to the presence of multiple industries that create a high demand for solvents that have to be used in their products such as wall paints & coatings,?cosmetics?such as nail paints, medicines, and others.
As indicated in the latest market research report published by Markntel Advisors, “Green Solvents Research Report: Forecast (2025-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Green Solvents industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
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Top Companies Operating in the Green Solvents Market:
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