Bio-Solvents Market Size & Share, by Type (Bio-Alcohols, Glycols, Esters); Application (Paints & Coatings, Adhesives & Sealants, Printing Inks); End-user (Automotive, Pharmaceuticals) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3359
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Companies Dominating the Bio-Solvents Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Marathon Petroleum Corporation
    • Archer Daniels Midland Company
    • Vertec Biosolvents Inc.
    • Stepan Company, Solvay S.A.
    • GF Biochemicals
    • The Dow Chemical Company
    • India Glycols Ltd.
    • Liberty Chemicals srl
    • DuPont de Nemours, Inc.

Browse Key Market Insights with Data Illustration:

In-the-news

In The News

  • BTC Europe GmbH a European distribution organization of BASF signed an agreement on the distribution of biobased and biodegradable solvents derived from levulinic acid for the European market with NXTLEVVEL Biochem BV, a commercial scale manufacturer of next-generation biomass-derived chemicals. Levulinic acid serves as a versatile building block for chemicals and materials derived directly from biomass.

  • Cargill Corporation a privately held American global food corporation join hands with Virent, Inc. provider of petroleum refining products (Marathon Petroleum Corporation). They will together produce low-carbon biofuels, using Virent’s BioForming technology, which uses the sugar present in the feedstock to form biofuel.


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3359
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand for petrochemical replacement as well as the rising development of sustainable alternatives along with the rising concern about GHG emissions are some major factors driving the growth of the bio-solvents market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

The high cost of production as well as the stringent regulatory standards for manufacturing bio-based solvents estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are BASF SE, Marathon Petroleum Corporation, Archer Daniels Midland Company, Vertec Biosolvents Inc., Stepan Company, Solvay S.A., GF Biochemicals, The Dow Chemical Company, India Glycols Ltd., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, end-user, and by region.

The bio-alcohol segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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