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Neoteric Solvents Market Size, Share, Trends, & Industry Analysis Report By Type [Ionic Liquids (ILs), Deep Eutectic Solvents, Supercritical Fluids, Bio-Based Solvents, and Others], By Application, By Region – Market Forecast, 2025–2034

Published May 01, 2025
Length 130 Pages
SKU # PLRS20199113

Description

The global neoteric solvents market size is expected to reach USD 1,274.09 million by 2034, according to a new study by Polaris Market Research. The report “Neoteric Solvents Market Size, Share, Trends, & Industry Analysis Report By Type [Ionic Liquids (ILs), Deep Eutectic Solvents, Supercritical Fluids, Bio-Based Solvents, and Others], By Application, By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Neoteric solvents represent a class of chemical solvents that offer a compelling alternative to conventional volatile organic compounds (VOCs). This category encompasses a range of innovative solvent systems, including ionic liquids (ILs), deep eutectic solvents (DESs), supercritical fluids, and bio-based chemical. Neoteric solvents consist of unique and highly desirable properties, including negligible vapor pressure, high thermal and chemical stability, tunability in their physical and chemical characteristics, and often, improved environmental profiles like lower toxicity and enhanced biodegradability. These attributes make them ideal for diverse applications where traditional solvents pose environmental, health, or performance challenges, driving a significant shift toward more sustainable and efficient chemical processes.

The neoteric solvents market is experiencing a robust growth, driven by increasing global demand for greener chemical processes and advanced material development. The overarching trend toward environmental sustainability, coupled with stringent regulations on VOC emissions, is a primary driver for the adoption of these innovative solvents across various industries. From enabling more efficient drug synthesis in pharmaceuticals to facilitating advanced material processing in electronics and enhancing extraction processes in agriculture, neoteric solvents offer solutions for a wide array of industrial needs. The continuous research and development in tailoring the properties of these solvents for specific applications, alongside ongoing efforts to reduce their production costs and enhance their recyclability, further solidify their position as a crucial component in the future of sustainable chemistry.

Neoteric Solvents Market Report Highlights

By type, the ionic liquids (ILs) segment held the largest share in 2024, due to their versatile properties, including negligible vapor pressure, high thermal and chemical stability, and the ability to be precisely tuned for various applications.

By application, the pharmaceuticals & life sciences segment held the largest share in 2024, owing to the stringent requirements for high purity, efficiency, and environmental friendliness in drug discovery, development, and manufacturing.

By region, the Asia Pacific neoteric solvents market held a significant position in 2024, largely driven by the rapid industrialization and expanding manufacturing base in countries such as China. Europe also holds a significant share in the neoteric solvents market, due to its strong emphasis on green chemistry principles and supportive regulatory frameworks.

A few key players in the market include BASF SE; Merck KGaA; Ionic Liquids Technologies GmbH (IoLiTec); Solvionic SA; Proionic GmbH; Scionix Ltd.; Tokyo Chemical Industry Co. Ltd.; Sanyo Chemical Solutions; Avantium B.V.; Cargill, Incorporated; and Wilmar International Limited.

Polaris Market Research has segmented the neoteric solvents market report on the basis of type, application, and region:

By Type Outlook (Revenue – USD Million, 2020–2034)

Ionic Liquids (ILs)

Deep Eutectic Solvents

Supercritical Fluids

Bio-based Solvents

Others

By Application Outlook (Revenue – USD Million, 2020–2034)

Pharmaceuticals & Life Sciences

Chemical & Industrial Processing

Energy & Electronics

Agriculture

Others

By Regional Outlook (Revenue – USD Million, 2020–2034)

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Argentina

Rest of Latin America

Table of Contents

130 Pages
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Neoprene Market Insights
4.1. Neoprene Market – Market Snapshot
4.2. Neoprene Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Expansion of Healthcare Sector
4.2.1.2. Growth of Construction Sector
4.2.2. Restraints and Challenges
4.2.2.1. High Initial Cost of Manufacturing
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Neoprene Market Trends
4.6. Value Chain Analysis
5. Global Neoprene Market, by Grade
5.1. Key Findings
5.2. Introduction
5.2.1. Global Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
5.3. General-purpose Grade
5.3.1. Global Neoprene Market, by General-purpose Grade, by Region, 2020-2034 (Volume Kilo Tons, USD million)
5.4. Pre-crosslinked Grade
5.4.1. Global Neoprene Market, by Pre-crosslinked Grade, by Region, 2020-2034 (Volume Kilo Tons, USD million)
5.5. Sulfur-modified Grade
5.5.1. Global Neoprene Market, by Sulfur-modified Grade, by Region, 2020-2034 (Volume Kilo Tons, USD million)
5.6. Slow Crystallizing Grade
5.6.1. Global Neoprene Market, by Slow Crystallizing Grade, by Region, 2020-2034 (Volume Kilo Tons, USD million)
6. Global Neoprene Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
6.3. Latex
6.3.1. Global Neoprene Market, by Latex, by Region, 2020-2034 (Volume Kilo Tons, USD million)
6.4. Elastomers
6.4.1. Global Neoprene Market, by Elastomers, by Region, 2020-2034 (Volume Kilo Tons, USD million)
6.5. Adhesives
6.5.1. Global Neoprene Market, by Adhesives, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7. Global Neoprene Market, by End Use
7.1. Key Findings
7.2. Introduction
7.2.1. Global Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
7.3. Building & Construction
7.3.1. Global Neoprene Market, by Building & Construction, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7.4. Automotive
7.4.1. Global Neoprene Market, by Automotive, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7.5. Electrical & Electronics
7.5.1. Global Neoprene Market, by Electrical & Electronics, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7.6. Medical
7.6.1. Global Neoprene Market, by Medical, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7.7. Textiles
7.7.1. Global Neoprene Market, by Textiles, by Region, 2020-2034 (Volume Kilo Tons, USD million)
7.8. Others
7.8.1. Global Neoprene Market, by Others, by Region, 2020-2034 (Volume Kilo Tons, USD million)
8. Global Neoprene Market, by Geography
8.1. Key Findings
8.2. Introduction
8.2.1. Neoprene Market Assessment, By Geography, 2020-2034 (Volume Kilo Tons, USD million)
8.3. Neoprene Market – North America
8.3.1. North America: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.3.2. North America: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.3.3. North America: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.3.4. Neoprene Market – U.S.
8.3.4.1. U.S.: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.3.4.2. U.S.: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.3.4.3. U.S.: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.3.5. Neoprene Market – Canada
8.3.5.1. Canada: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.3.5.2. Canada: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.3.5.3. Canada: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4. Neoprene Market – Europe
8.4.1. Europe: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.2. Europe: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.3. Europe: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.4. Neoprene Market – UK
8.4.4.1. UK: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.4.2. UK: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.4.3. UK: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.5. Neoprene Market – France
8.4.5.1. France: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.5.2. France: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.5.3. France: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.6. Neoprene Market – Germany
8.4.6.1. Germany: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.6.2. Germany: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.6.3. Germany: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.7. Neoprene Market – Italy
8.4.7.1. Italy: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.7.2. Italy: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.7.3. Italy: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.8. Neoprene Market – Spain
8.4.8.1. Spain: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.8.2. Spain: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.8.3. Spain: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.9. Neoprene Market – Netherlands
8.4.9.1. Netherlands: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.9.2. Netherlands: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.9.3. Netherlands: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.10. Neoprene Market – Russia
8.4.10.1. Russia: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.10.2. Russia: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.10.3. Russia: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.4.11. Neoprene Market – Rest of Europe
8.4.11.1. Rest of Europe: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.4.11.2. Rest of Europe: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.4.11.3. Rest of Europe: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5. Neoprene Market – Asia Pacific
8.5.1. Asia Pacific: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.2. Asia Pacific: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.3. Asia Pacific: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.4. Neoprene Market – China
8.5.4.1. China: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.4.2. China: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.4.3. China: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.5. Neoprene Market – India
8.5.5.1. India: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.5.2. India: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.5.3. India: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.6. Neoprene Market – Malaysia
8.5.6.1. Malaysia: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.6.2. Malaysia: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.6.3. Malaysia: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.7. Neoprene Market – Japan
8.5.7.1. Japan: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.7.2. Japan: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.7.3. Japan: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.8. Neoprene Market – Indonesia
8.5.8.1. Indonesia: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.8.2. Indonesia: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.8.3. Indonesia: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.9. Neoprene Market – South Korea
8.5.9.1. South Korea: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.9.2. South Korea: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.9.3. South Korea: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.10. Neoprene Market – Australia
8.5.10.1. Australia: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.10.2. Australia: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.10.3. Australia: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.5.11. Neoprene Market – Rest of Asia Pacific
8.5.11.1. Rest of Asia Pacific: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.5.11.2. Rest of Asia Pacific: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.5.11.3. Rest of Asia Pacific: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6. Neoprene Market – Middle East & Africa
8.6.1. Middle East & Africa: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.2. Middle East & Africa: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.3. Middle East & Africa: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6.4. Neoprene Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.4.2. Saudi Arabia: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.4.3. Saudi Arabia: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6.5. Neoprene Market – UAE
8.6.5.1. UAE: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.5.2. UAE: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.5.3. UAE: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6.6. Neoprene Market – Israel
8.6.6.1. Israel: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.6.2. Israel: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.6.3. Israel: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6.7. Neoprene Market – South Africa
8.6.7.1. South Africa: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.7.2. South Africa: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.7.3. South Africa: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.6.8. Neoprene Market – Rest of Middle East & Africa
8.6.8.1. Rest of Middle East & Africa: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.6.8.2. Rest of Middle East & Africa: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.6.8.3. Rest of Middle East & Africa: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.7. Neoprene Market – Latin America
8.7.1. Latin America: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.7.2. Latin America: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.7.3. Latin America: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.7.4. Neoprene Market – Mexico
8.7.4.1. Mexico: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.7.4.2. Mexico: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.7.4.3. Mexico: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.7.5. Neoprene Market – Brazil
8.7.5.1. Brazil: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.7.5.2. Brazil: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.7.5.3. Brazil: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.7.6. Neoprene Market – Argentina
8.7.6.1. Argentina: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.7.6.2. Argentina: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.7.6.3. Argentina: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
8.7.7. Neoprene Market – Rest of Latin America
8.7.7.1. Rest of Latin America: Neoprene Market, by Grade, 2020-2034 (Volume Kilo Tons, USD million)
8.7.7.2. Rest of Latin America: Neoprene Market, by Application, 2020-2034 (Volume Kilo Tons, USD million)
8.7.7.3. Rest of Latin America: Neoprene Market, by End Use, 2020-2034 (Volume Kilo Tons, USD million)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. 3M
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Ansell
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. ARIAPRENE (Tiong Liong Industrial Co., Ltd)
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Denka Company Limited
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Guangzhou Huaxing Sports Goods Co. Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Macro Products, Inc.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. Mueller Sports Medicine
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Neoprene Craft Hub
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Pidilite Industries
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. YuHuang Chemical
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Nikon Precision
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. OphirSpiricon
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. OptoSigma
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Samyang Optics
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Thorlabs
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
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