The Global Green & Bio-Based Solvents Market was valued at USD 7.32 Billion in 2022 and is projected to reach USD 11.21 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period (2022–2030). This robust growth is fueled by stringent environmental regulations, rising consumer demand for eco-friendly products, and the global shift away from conventional petrochemical-based solvents towards safer, renewable alternatives.

As industries from paints and coatings to adhesives and cleaning products embrace sustainability, the companies developing innovative bio-based solvent solutions are taking center stage. This blog profiles the Top 10 Companies in the Green & Bio-Based Solvents Industry—a dynamic mix of chemical giants, agricultural processors, and pioneering green-tech firms shaping a cleaner, more sustainable future for industrial chemistry.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based 1,5-Pentanediol (PDO), Butanediol (BDO), and a wide portfolio of eco-friendly solvent solutions.

BASF is a global leader in the chemical industry with a strong commitment to sustainability. Its performance chemicals division produces a range of bio-based solvents derived from renewable raw materials, offering high performance with a significantly reduced carbon footprint for applications in coatings, plastics, and cleaning agents.

Sustainability Initiatives:

• Development of bio-based precursors for key solvents like NMP and DMAC replacements
• Integration of biomass balance approach in production processes
• Commitment to achieving net-zero CO2 emissions by 2050

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9️⃣ 2. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: ECOFAST™ Pure Sustainable Textile Treatment, bio-based glycol ethers, and renewable propylene glycol.

Dow leverages its extensive chemical manufacturing expertise to develop bio-based and circular solutions. The company focuses on creating solvents from bio-feedstocks that offer equivalent or superior performance to their petroleum-based counterparts, targeting markets in construction, packaging, and consumer care.

Sustainability Initiatives:

• Investments in bio-refinery partnerships for sustainable feedstocks
• Product portfolio transformation towards 100% circular and renewable solutions
• Reduction of greenhouse gas emissions by 5 million metric tons by 2030

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8️⃣ 3. Cargill Incorporated

Headquarters: Minneapolis, Minnesota, USA
Key Offering: Bio-based polyols, vegetable oil-based solvents, and lactic acid derivatives.

Cargill utilizes its vast agricultural supply chain to produce a wide array of bio-industrial products. Its bio-based solvents, derived from crops like corn and soybeans, are used extensively in industrial cleaning, paints, and inks, providing a renewable and often biodegradable alternative.

Sustainability Initiatives:

• Expansion of biodiesel and renewable chemical production capacities
• Partnerships with downstream chemical manufacturers to create green supply chains
• Commitment to sustainable agriculture sourcing

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7️⃣ 4. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Rhodiasolv® polarclean solvent, bio-based epichlorohydrin (Epicerol®), and sustainable amides.

Solvay is a key innovator in sustainable chemistry, focusing on high-performance, bio-based solvents for demanding industrial applications. Its Rhodiasolv® range, for example, is designed as a safer, sustainable alternative to traditional solvents in agrochemicals and specialty coatings.

Sustainability Initiatives:

• Development of circular economy models for solvent recovery and reuse
• Target of generating 15% of its revenue from bio-based or circular products
• Investment in R&D for green chemistry platforms

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Green & Bio-Based Solvents Market – View in Detailed Research Report

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6️⃣ 5. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Bio-based propylene oxide, renewable polyols, and circular ethylene and propylene.

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell is scaling up its production of bio-based and circular feedstocks. These are used to create a new generation of solvents with a lower carbon lifecycle, catering to the automotive, construction, and packaging sectors.

Sustainability Initiatives:

• Production of certified circular and renewable polymers and chemicals
• Goal to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030
• Partnerships for advanced recycling technologies

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5️⃣ 6. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® AG (propylene carbonate), bio-based polyether amines, and specialty surfactants.

Huntsman’s Performance Products segment develops environmentally preferred solvents for a variety of applications. Its bio-based offerings are designed to meet stringent regulatory requirements while providing high solvency power and low toxicity, particularly in adhesives, composites, and electronics.

Sustainability Initiatives:

• Focus on reducing the environmental footprint of downstream customer products
• Development of solvent systems with high renewable carbon content
• Commitment to sustainable innovation across its product lines

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4️⃣ 7. Gevo, Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Bio-based isobutanol, renewable hydrocarbons, and sustainable aviation fuel (SAF) co-products.

Gevo is a renewable chemicals and biofuels specialist with a unique focus on isobutanol produced from fermented plant sugars. This bio-based alcohol serves as a versatile platform chemical that can be converted into various high-value solvents, such as ketones and esters, for industrial and specialty applications.

Sustainability Initiatives:

• Proprietary technology for low-carbon, energy-dense liquid hydrocarbons
• Net-zero greenhouse gas emissions target for its fermentation operations
• Strategic focus on decarbonizing complex supply chains

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3️⃣ 8. Vertec BioSolvents Inc.

Headquarters: Bristol, Pennsylvania, USA
Key Offering: VertecBio™ EL (ethyl lactate), VertecBio™ GDL (gamma-decalactone), and other bio-based ester solvents.

Vertec BioSolvents is a dedicated manufacturer of 100% bio-based, biodegradable, and non-toxic solvents. Derived from corn and other renewable resources, its products are designed as direct drop-in replacements for harsh solvents like NMP, DCM, and acetone in coatings, inks, and cleaning formulations.

Sustainability Initiatives:

• Exclusive focus on solvents with 100% bio-based carbon content
• Products are readily biodegradable and have low VOC content
• Mission to provide high-performance, environmentally benign chemical solutions

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2️⃣ 9. Florida Chemical Company, Inc. (a subsidiary of ICM)

Headquarters: Winter Haven, Florida, USA
Key Offering: d-Limonene (citrus-based solvent), citrus terpenes, and orange oil fractions.

Florida Chemical is a leader in citrus-based solvents, extracting d-Limonene and other terpenes from citrus peels. These powerful, pleasantly aromatic solvents are highly effective in industrial and household cleaning, adhesive formulations, and as natural replacements for petroleum-based degreasers.

Sustainability Initiatives:

• Utilization of a waste product (citrus peel) from the juice industry
• Production of fully biodegradable and non-persistent solvents
• Promotion of domestically sourced, renewable raw materials

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1️⃣ 10. Myriant Corporation (a subsidiary of GC Innovation America)

Headquarters: Quincy, Massachusetts, USA
Key Offering: Bio-succinic acid, bio-based 1,4-Butanediol (BDO), and other bio-intermediates.

Myriant specializes in the production of bio-succinic acid through proprietary fermentation technology. This platform chemical is a key building block for creating a wide range of bio-based solvents, including N-Methyl-2-pyrrolidone (NMP) alternatives and specialty esters, serving the plastics, resins, and personal care markets.

Sustainability Initiatives:

• Patented microorganism technology for efficient bio-based chemical production
• Significant reduction in carbon emissions compared to petrochemical routes
• Focus on cost-competitive, scalable bio-manufacturing processes

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Green & Bio-Based Solvents Market – View in Detailed Research Report

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🌍 Outlook: The Future of Green & Bio-Based Solvents Is Integrated and Circular

The green and bio-based solvents market is experiencing a paradigm shift. Driven by regulatory pressures, corporate sustainability goals, and consumer preference, the industry is rapidly moving from niche applications to mainstream adoption across the chemical value chain.

📈 Key Trends Shaping the Market:

• Accelerated regulatory phase-out of hazardous air pollutants and VOC-emitting solvents
• Innovation in second and third-generation feedstocks (e.g., non-food biomass, waste streams)
• Increased integration of bio-refineries with existing chemical production infrastructure
• Growing demand for transparency and lifecycle assessment (LCA) data from end-users

Get Full Report Here:
Green & Bio-Based Solvents Market – View in Detailed Research Report

The companies leading this sector are not just selling chemicals—they are enabling the transition to a circular bio-economy, proving that industrial progress and environmental stewardship can go hand in hand.