市场调查报告书
商品编码
1468254
2024-2032 年按类型、应用和地区分類的绿色和生物溶剂市场报告Green and Bio-Solvents Market Report by Type, Application, and Region 2024-2032 |
IMARC Group年,全球绿色和生物溶剂市场规模达到129亿美元。主要参与者对永续发展的日益关注以及环保溶剂的使用不断增加主要推动了绿色和生物基溶剂市场的成长。
主要市场驱动因素:绿色和生物基溶剂在药物发现中的使用不断增加是推动市场成长的关键因素之一。此外,这些溶剂广泛应用于农业领域,因为它们有助于降低生产成本、提高产品品质、增加产量等,从而扩大绿色和生物基溶剂的市场份额。
主要市场趋势:用于从混合物中分离化合物的绿色和生物基溶剂的新兴应用是市场的新兴趋势之一。此外,对研发活动的广泛投资和生产技术的众多进步也推动了绿色和生物基溶剂市场的成长。
地理趋势:根据绿色和生物溶剂市场研究,北美占据最大的市场份额。该地区政府推出替代石油溶剂的政策对北美市场产生了积极影响。除此之外,製造商对改进与绿色和生物基溶剂相关的生产流程的日益重视将在未来几年继续推动区域市场。
竞争格局:全球绿色和生物溶剂市场的一些领导者包括Archer Daniels Midland Company、BASF SE、Cargill, Incorporated、CREMER OLEO GmbH & Co. KG、Dow Inc.、Elevance Renewable Sciences Inc.、Florachem Corporation 、Huntsman Corporation、 LyondellBasell Industries NV 和Vertec Biosolvents Inc. 等。
挑战与机会:与传统溶剂相比,绿色和生物基溶剂的广泛使用可能受到限制,这反过来又可能对需要大量溶剂的产业构成挑战。然而,旨在增强绿色和生物基溶剂的广泛研发活动预计将在未来几年推动全球市场。
环境问题日益严重
越来越多地采用农业来源来提取绿色溶剂,包括蒸馏甘油、乳酸、玉米、生物琥珀酸等,对绿色和生物溶剂的市场前景产生正面影响。此外,由于欧盟委员会 (EC) 和生态产品认证计画 (ECS),对包括香水在内的环保消费品的需求不断增长,正在推动绿色和生物基溶剂在其生产中的使用。除此之外,由于有害物质和溶剂的采用会对环境产生负面影响,生产商正专注于使用绿色和生物基溶剂,因为它们比传统的石油基溶剂产生的挥发性有机化合物(VOC)排放更少。
严格的政府法规
政府机构对使用生物基产品的日益重视推动了绿色和生物溶剂市场需求。例如,根据经济合作暨发展组织(OECD)、德国环境局(UBA)、自然保护与核安局(BMU)、瑞士联邦环境局(FOEN)发布的报告,瑞士国家经济事务秘书处(SECO) 和德国联邦环境部都在积极鼓励在各个领域采用生物基产品。反过来,这将在可预见的未来为绿色和生物溶剂市场收入提供利润丰厚的成长机会。
产品应用多样
使用植物油、蛋白质、淀粉等成分生产的生物基或绿色黏合剂和密封剂的开发正在促进市场成长。此外,据 Anagha Engineers 称,黏合剂和密封剂产业正在帮助其他传统企业初步向永续发展转型。与此一致,製药业使用的绿色和生物基溶剂的比例在80%至90%之间。除此之外,最近的研究重点是使用农业废弃物製成的生物基化学品作为绿色溶剂,以引入新型药物成分作为化石化学品的可再生替代品。与製药业使用绿色溶剂相关的此类创新预计将在预测期内提升绿色和生物溶剂的市场价值。
The global green and bio-solvents market size reached US$ 12.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.1% during 2024-2032. The increasing focus of key players on sustainable development and the rising usage of environment-friendly solvents are primarily driving the growth of the green and bio-based solvents market.
Major Market Drivers: The increasing usage of green and bio-based solvents for drug discovery is one of the key factors propelling the market growth. Moreover, these solvents are widely utilized in the agriculture industry, as they assist in reducing the costs of production, enhancing product quality, increasing yield, etc., thereby augmenting the green and bio-based solvents market share.
Key Market Trends: The emerging applications of green and bio-based solvents for separating compounds from mixtures are one of the emerging trends in the market. Furthermore, extensive investments in R&D activities and numerous advancements in production technologies are also fueling the green and bio-based solvents market growth.
Geographical Trends: According to the green and bio-solvents market research, North America accounted for the largest market share. The launch of government policies in the region to replace petroleum-based solvents is positively influencing the market in North America. Besides this, the elevating emphasis of manufacturers on improving production processes related to green and bio-based solvents will continue to drive the regional market in the coming years.
Competitive Landscape: Some of the leading players in the global green and bio-solvents market include Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V., and Vertec Biosolvents Inc., among many others.
Challenges and Opportunities: The wide accessibility of green and bio-based solvents can be limited than conventional solvents, which, in turn, can be a challenge for sectors that need large quantities of solvents. However, extensive R&D activities to enhance green and bio-based solvents are expected to fuel the global market in the coming years.
Rising Environmental Concerns
The increasing adoption of agricultural sources to extract green solvents, including distilled glycerin, lactic acid, maize, bio-succinic acid, etc., is positively impacting the green and bio-solvents market outlook. Additionally, the growing demand for eco-friendly consumer products, including perfume, owing to the European Commission (EC) and Eco-product Certification Scheme (ECS), is driving the usage of green and bio-based solvents in their production. Apart from this, as the adoption of hazardous substances and solvents has negative impacts on the environment, producers are focusing on using green and bio-based solvents, as they generate lesser volatile organic compounds (VOCs) emissions than conventional petroleum-based solvents.
Stringent Government Regulations
The green and bio-solvents market demand is propelled by the rising emphasis of government bodies on using bio-based products. For example, according to a report released by the Organization for Economic Co-operation and Development (OECD), the German Environment Agency (UBA), Nature Conservation and Nuclear Safety (BMU), the Swiss Federal Office for the Environment (FOEN), the Swiss State Secretariat for Economic Affairs (SECO), and the German Federal Ministry for the Environment are all actively encouraging the adoption of bio-based goods in a wide array of sectors. This, in turn, will provide lucrative growth opportunities for green and bio-solvent market revenue in the foreseeable future.
Diverse Applications of Product
The development of bio-based or green adhesives and sealants that are produced by using ingredients, including vegetable oil, proteins, starch, etc., is augmenting the market growth. Furthermore, according to Anagha Engineers, the adhesives and sealant sector is helping other conventional businesses in their initial transition to sustainability. In line with this, the percentage of green and bio-based solvents employed in the pharmaceutical industry ranges from 80% to 90%. Besides this, recent research has focused on the use of bio-based chemicals manufactured from agricultural wastes as green solvents to introduce novel pharmaceutical ingredients as a renewable alternative to fossil chemicals. Such innovations related to the utilization of green solvents in the pharmaceutical industry are projected to bolster the green and bio-solvents market value over the forecasted period.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type and application.
Lactate Esters
Methyl Soyate Solvents
Bio-Alcohols, Bio-Diols and Bio-Glycols
D-Limonene
Others
Bio-alcohols, bio-diols and bio-glycols hold the majority of the total market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes lactate esters, methyl soyate solvents, bio-alcohols, bio-diols and bio-glycols, d-limonene, and others. According to the report, bio-alcohols, bio-diols and bio-glycols accounted for the largest market share.
The widespread adoption of bio-based diols for adhesives and sealants, polyurethane coatings, elastomers, foam applications, etc., is catalyzing the market growth in the segmentation. Moreover, these greener alternatives are gaining popularity, on account of a 61% reduction in greenhouse gas emissions as compared to petroleum-based products. Besides this, the Pacific Northwest National Laboratory (PNNL) introduced the catalytic process for converting plant-based raw material to produce bio-based glycol. Consequently, these green and bio-based solvents find widespread applications across the globe.
Paints and Coatings
Printing Inks
Cleaning Products
Adhesives and Sealants
Others
Paints and coatings currently exhibit a clear dominance in the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes paints and coatings, printing inks, cleaning products, adhesives and sealants, and others. According to the report, paints and coatings accounted for the largest market share.
The elevating usage of lactate ester solvents in the paints and coatings industry is augmenting the market growth in the segmentation. Moreover, the shifting preferences from solvents, including toluene, acetone, NMP, xylene, etc., towards ethyl lactate in the coatings industry are acting as significant growth-inducing factors. Besides this, the growing housing construction and the inflating income-levels of individuals in countries, such as Mexico, India, China, Brazil, etc., are escalating the demand for paints and coatings, which, in turn, will augment the green and bio-based solvents market over the forecasted period.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America leads the market, accounting for the largest green and bio-solvents market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
Favorable government regulations in the region and several investments in R&D activities are fueling the market growth in North America. Moreover, in countries, including Germany, there is an increasing demand for green and bio-based solvents, particularly in the automotive and cosmetics industry, which is catalyzing the North America green and bio-based solvents market.
Archer Daniels Midland Company
BASF SE
Cargill
Incorporated
CREMER OLEO GmbH & Co. KG
Dow Inc.
Elevance Renewable Sciences Inc.
Florachem Corporation
Huntsman Corporation
LyondellBasell Industries N.V.
Vertec Biosolvents Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
January 2024: Syensqo Ventures participated in the US$2.1 Million financing round for Bioeutectics, a start-up producing green solvents.
April 2023: The University of York developed a new institute, called the Circa Renewable Chemistry Institute (CRCI), for the promotion of bio-based products.
June 2023: Water Gremlin announced the Gremlin Green Program to increase solvent-free coating capabilities by 2025.