United States Green Solvents Market Analysis, 2024-2030

Green solvents are environmentally friendly solvents or bio-solvents, which are derived from the processing of agricultural crops. Green solvents are trending in the markets as they minimize the environmental impact resulting from the use of solvents in chemical production. Most solvents are volatile, flammable, and hazardous to humans and the environment. Basically, there are two main approaches to solve the solvent problem. In the first method, the solvent is removed totally. The second approach replaces petrochemical solvents with greener solvents.

The report on the United States green solvents market is based on 250 hours of secondary and primary research performed by the analysts at Market Krystal. As per the report, the green solvents and bio solvents market in the United States is expected to grow from USD XXXX million in 2017 to USD XXXX million by 2024. The market is at a CAGR of X.XX% till 2024. Bio and green solvents is an emerging market and are slowly acting as replacements to the conventional solvents based applications due to its similar properties to them.

Bio and green solvents are non-emitting VOCs with no or low toxicity, low miscibility, easily biodegradable under environmental conditions. Since green solvents can be produced via a variety of processes, there are a limited number of bio & green solvents. Also, they are known for their lower environmental impact, low toxicity, and low solubility in water, are easily biodegradable under environmental conditions, have a high boiling point and are easy to recycle.

The primary reasons for the growth of the bio-solvents market are the increased demand for its applications like paints, and coating and printing inks. The reason for the growth of the bio solvents market in the industrial & domestic cleaning market is due to zero or nontoxic emissions from the solvents, along with being skin friendly in domestic cleaners.

The only point of concern for the market is cost-effective production. Currently, due to limited technological expansion in the bio-solvent production process, the cost is much higher than the one involved in the production process of traditional solvents and this is acting as a major restraint for the market. Exxon Mobil Corporation, Lyondell Basell Industries, Genomatica Inc., Akzo Nobel, Diacel Chemical Industries Ltd, BASF, Cargill Inc., Sasol, Symrise Ag, Florida Chemicals Company, Finasucre S.A, Petroleobrasileiros.A, Archer Daniels Midland Company, Huntsman Corporation, PPG Chemicals, Wilmarbioethanol are some of the major players in the green solvents market.

Our Approach

The process begins with the bifurcation the US green solvents market followed by identification of factors affecting the demand and supply of each segments in the United States. The bio-solvent market is segmented based on applications such as paints and coating, adhesive, pharmaceuticals and cosmetics, and printing ink. Based on product type, bio solvents are categorized as soy methyl esters, lactate esters, specific fatty acid esters, D-Limonene, and polyhydroxyalkanoates. The insights are validated with the involvement of business leaders across green solvent industry value chain (Fig-1).

Figure 1 Primary research breakdown

Contents of the report:

• Insight on green solvent industry in the United States.
• Estimation of the present green solvent market size in terms of value and volume in the United States.
• Market bifurcation of the green solvent market based on the types and applications in each part of the United States.
• Market size forecast for each segment of the United States green solvent market.

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