The Global Green and Bio-Based Solvent Market was valued at US$ 6,706 Million in 2023 and is projected to reach US$ 8,421.1 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.3% during the forecast period (2024–2030). This strong growth trajectory is fueled by stringent environmental regulations, a global push towards sustainability, and increasing demand from key end-use industries like paints & coatings, industrial cleaners, and printing inks.

As industries worldwide transition away from volatile petroleum-based solvents, the focus intensifies on the companies pioneering the development and supply of safer, renewable alternatives. In this blog, we profile the Top 10 Companies in the Green and Bio-Based Solvent Industry—a dynamic mix of chemical giants, agricultural processors, and specialty manufacturers leading the charge toward a cleaner chemical footprint.

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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 solvents.

BASF is a global chemical powerhouse and a leading innovator in bio-based solutions. Through its “ChemCycling” project and dedicated biotech platforms, the company develops high-performance solvents derived from renewable raw materials, serving the automotive, construction, and consumer goods sectors.

Sustainability Initiatives:

• Commitment to carbon-neutral growth until 2030

• Extensive R&D in biomass-balanced products

• Strategic partnerships for sustainable raw material sourcing

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Green and Bio-Based Solvent Market – View in Detailed Research Report

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9️⃣ 2. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based ethanol, glycerin, and a range of industrial biosolvents.

ADM leverages its vast agricultural processing network to produce a significant volume of bio-based solvents. As a key supplier of bio-ethanol and other carbohydrate-derived chemicals, ADM plays a critical role in the green solvent value chain, providing essential feedstocks and finished products.

Sustainability Initiatives:

• Investment in decarbonization and sustainable agricultural practices

• Expansion of bio-refining capabilities globally

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8️⃣ 3. Dow Chemical Company

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

Dow is actively integrating bio-based and circular feedstocks into its extensive solvent portfolio. The company focuses on creating drop-in replacements for conventional solvents, enabling customers in the paints, coatings, and electronics industries to reduce their environmental impact without compromising performance.

Sustainability Initiatives:

• Target to transform waste and renewable feedstocks into 3 million metric tons of circular and renewable solutions annually by 2030

• Development of solvent recycling technologies

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® AG propylene carbonate (bio-based), and other high-purity specialty solvents.

Huntsman’s Advanced Materials division produces specialty chemicals, including environmentally friendly solvents like bio-based propylene carbonate. These products are critical for applications requiring high purity and low toxicity, such as electronics cleaning and cosmetics.

Sustainability Initiatives:

• Focus on reducing the carbon footprint of its product portfolio

• Innovation in solvent formulations for energy-efficient processes

Download FREE Sample Report:
Green and Bio-Based Solvent Market – View in Detailed Research Report

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6️⃣ 5. Vertec BioSolvents Inc.

Headquarters: Southampton, Pennsylvania, USA
Key Offering: CITROVERS®, VERSATYL®, and other 100% bio-based solvents derived from citrus, corn, and soy.

Vertec BioSolvents is a pure-play manufacturer dedicated exclusively to high-performance, sustainable solvents. Its products are designed as direct replacements for hazardous air pollutants (HAPs) and volatile organic compounds (VOCs) in industrial and consumer applications.

Sustainability Initiatives:

• Exclusive focus on USDA Certified Biobased Products

• Products are non-toxic, readily biodegradable, and sourced from annually renewable crops

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5️⃣ 6. Cargill, Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Bio-based oils, glycerin, and derivatives for use as solvents and chemical intermediates.

Cargill’s bio-industrial segment transforms agricultural products like soybeans and corn into valuable chemicals, including green solvents. Its global scale and integrated supply chain make it a vital supplier of renewable carbon sources for the chemical industry.

Sustainability Initiatives:

• Commitment to sustainable agriculture across its supply chain

• Investment in biotechnology to create novel bio-based materials

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4️⃣ 7. Galactic

Headquarters: Brussels, Belgium
Key Offering: Lactide and Lactate esters (e.g., ethyl lactate, butyl lactate) – biodegradable solvents derived from corn sugar.

Galactic is a world leader in the production of lactic acid and its derivatives. Its lactate esters are renowned as powerful, green solvents with excellent cleaning properties and low toxicity, making them ideal for electronics, agrochemicals, and paints.

Sustainability Initiatives:

• Pioneer in the circular economy for bio-based chemicals

• Focus on creating compostable and biodegradable product solutions

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3️⃣ 8. Florida Chemical Company, Inc. (A part of LCY Group)

Headquarters: Winter Haven, Florida, USA
Key Offering: d-Limonene, a versatile citrus-based solvent extracted from orange peels.

Florida Chemical Company is one of the largest global producers of d-Limonene, a natural solvent widely used as a replacement for petroleum-based solvents like toluene and acetone. Its products are prized in cleaning, degreasing, and fragrance applications.

Sustainability Initiatives:

• Transforms citrus waste from the juice industry into valuable chemicals

• Products are naturally derived, biodegradable, and have a low VOC profile

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2️⃣ 9. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: High-purity lactic acid, lactides, and a portfolio of bio-based solvent intermediates.

Corbion is a leading supplier of lactic acid, a fundamental building block for green solvents like ethyl lactate. The company’s technology platform supports the creation of sustainable alternatives for a wide range of industrial applications, from plastics to coatings.

Sustainability Initiatives:

• Aims to have 100% of its growth accretive to the circular and biobased economy

• Active in developing advanced bio-refining processes

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1️⃣ 10. Pilot Chemical Company

Headquarters: Cincinnati, Ohio, USA
Key Offering: BIO-BASE® solvents, a line of high-performance, bio-based cleaning and degreasing solvents.

Pilot Chemical Company develops and manufactures specialty chemicals, including its branded BIO-BASE solvent line. These products are engineered to provide superior cleaning power while offering a safer, sustainable alternative to traditional hydrocarbon solvents.

Sustainability Initiatives:

• Formulation of products with high renewable carbon index (RCI)

• Commitment to green chemistry principles in product development

Get Full Report Here:
Green and Bio-Based Solvent Market – View in Detailed Research Report

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🌍 Outlook: The Future of Solvents Is Green and Circular

The green and bio-based solvent market is at a pivotal point. While conventional solvents still hold a significant market share, regulatory pressure, consumer awareness, and corporate sustainability goals are accelerating the adoption of renewable alternatives. The industry is moving towards a circular model, where waste biomass is transformed into high-value chemical products.

📈 Key Trends Shaping the Market:

• Rising demand for bio-based solvents in the paints & coatings industry, driven by green building standards

• Technological advancements in fermentation and biocatalysis, lowering the production cost of bio-solvents

• Increasing regulatory bans on toxic solvents like N-Methyl-2-pyrrolidone (NMP) and methylene chloride

• Growth in collaborative partnerships between chemical companies, agricultural firms, and end-users to create integrated supply chains

Get Full Report Here:
Green and Bio-Based Solvent Market – View in Detailed Research Report

The companies profiled above are not just supplying chemicals—they are actively redesigning the foundation of the chemical industry for a more sustainable and safer future.