The Global Renewable Solvent Market was valued at USD 4.8 Billion in 2025 and is projected to reach USD 8.2 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period (2024–2030). This robust growth is primarily driven by stringent environmental regulations, increasing consumer demand for eco-friendly products, and the widespread adoption of green chemistry principles across industries like pharmaceuticals, paints & coatings, and printing inks.

As the chemical industry pivots towards more sustainable and circular operations, the companies producing bio-based solvents are at the forefront of this transformation. In this blog, we profile the Top 10 Companies in the Renewable Solvent Industry—a diverse group of agricultural processors, specialty chemical firms, and green technology innovators shaping the future of sustainable manufacturing.

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🔟 1. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based ethanol, Bio-acetone, Vegetable oil-derived solvents

ADM is a global leader in agricultural processing and a major producer of bio-based chemicals. Leveraging its vast agricultural supply chain, the company produces a range of renewable solvents derived from corn, soybeans, and other biomass. Their focus on integrated biorefining positions them as a key supplier for the green solvent market.

Sustainability Initiatives:

• Investment in biorefineries for bio-acrylic acid and glycols
• Commitment to reducing greenhouse gas intensity across operations
• Development of low-carbon footprint solvent pathways

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9️⃣ 2. Cargill Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Bio-based alcohols, Oleochemical solvents, Glycerin

Cargill’s bioindustrial segment transforms natural oils into a suite of renewable solvents used in cleaning products, coatings, and pharmaceuticals. Their global footprint and focus on oleochemistry make them a critical player in supplying scalable, bio-based alternatives to petroleum-derived solvents.

Sustainability Initiatives:

• Expansion of bio-isopropanol and bio-butanol production capacities
• Partnerships with downstream chemical manufacturers to create green supply chains
• Goal to reduce Scope 1 and 2 emissions by 10% by 2025

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8️⃣ 3. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based propylene glycol, Soberl™ solvents

BASF, a chemical giant, has a dedicated portfolio of renewable solvents under its “Biomass Balance” approach. They offer drop-in replacements for conventional solvents, certified for their renewable carbon content, which helps customers in the automotive and construction industries reduce their carbon footprint without compromising performance.

Sustainability Initiatives:

• Biomass Balance certification for mass-balanced sustainable products
• R&D into novel solvent platforms from non-food biomass
• Target of €22 billion in sales from Accelerator products (sustainable solutions) by 2025

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7️⃣ 4. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: ECOFAST™ Pure Solvent, Bio-based glycol ethers

Dow offers a range of renewable and circular solvents designed for the textile, industrial cleaning, and electronics sectors. Their ECOFAST™ Pure Solvent is a notable example, providing a sustainable alternative for purification and cleaning applications, aligning with Dow’s commitment to a circular economy.

Sustainability Initiatives:

• Launch of circular and bio-based solvent solutions under its “Transform the Waste” ambition
• Commitment to enabling 1 million metric tons of plastic to be collected, reused, or recycled by 2030
• Investment in technologies to produce chemicals from renewable feedstocks

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Renewable Solvent Market – View in Detailed Research Report

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6️⃣ 5. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: CirculenRenew solvents, Bio-based methanol

LyondellBasell is advancing the circular economy through its Circulen portfolio, which includes renewable solvents made from bio-based feedstocks. These solvents are marketed as having the same performance as their fossil-based counterparts but with a significantly lower carbon footprint.

Sustainability Initiatives:

• Production of bio-based propylene oxide and methanol
• Goal to produce and market 2 million metric tons of circular and renewable-based polymers annually by 2030
• Collaboration with Neste to produce bio-based plastics and chemicals

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5️⃣ 6. Gevo, Inc.

Headquarters: Englewood, Colorado, USA
Key Offering: Bio-isooctane, Renewable acetone, ATJ (Alcohol-to-Jet) fuels (solvent-grade)

Gevo is a renewable chemicals and biofuels company specializing in converting carbohydrates from non-food biomass into hydrocarbons. Their proprietary technology platform produces high-purity, bio-based solvents like isooctane and acetone that are suitable for demanding applications in specialty chemicals and manufacturing.

Sustainability Initiatives:

• Net-Zero Project development for sustainable aviation fuel and chemicals
• Focus on low-carbon, renewable hydrocarbons with a verifiable carbon footprint
• Development of sustainable farming practices for feedstock procurement

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4️⃣ 7. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Augeo® cleaners, Rhodiasolv® solvents

Solvay offers a portfolio of high-performance, bio-based solvents under brands like Augeo® and Rhodiasolv®, which are designed for cleaning, degreasing, and formulation applications. These solvents are often derived from renewable resources and are engineered for low toxicity and high biodegradability.

Sustainability Initiatives:

• Sustainable Portfolio comprising products with a majority of renewable carbon content
• Target to generate 65% of its revenue from sustainable solutions by 2030
• Investment in green chemistry R&D for solvent alternatives

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3️⃣ 8. Cremer Oleo GmbH & Co. KG

Headquarters: Hamburg, Germany
Key Offering: Oleochemical solvents, Methyl esters, Green surfactants

Cremer Oleo is a specialist in oleochemistry, producing a wide array of solvents derived from renewable raw materials like palm kernel oil and coconut oil. Their product line includes methyl esters and other ester-based solvents prized for their excellent solvency and environmental profile in industrial and cosmetic applications.

Sustainability Initiatives:

• Certification of sustainable palm oil sourcing (RSPO)
• Development of solvent blends with high biocontent and low VOC emissions
• Focus on cradle-to-gate life cycle assessment for all major products

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2️⃣ 9. Vertec BioSolvents Inc.

Headquarters: Etna, Ohio, USA
Key Offering: Citrus-based solvents (d-Limonene), Bio-based ethanol blends, Soy-based cleaners

Vertec BioSolvents is a pure-play manufacturer dedicated exclusively to producing high-performance, bio-based solvents. Their products, such as solvents derived from citrus peels (d-Limonene) and soy, are designed as direct replacements for hazardous petroleum-based solvents in industrial and institutional cleaning.

Sustainability Initiatives:

• Exclusive focus on 100% bio-based and readily biodegradable formulations
• Products listed by the USDA BioPreferred® Program
• Commitment to utilizing waste streams (e.g., citrus peels) as feedstocks

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1️⃣ 10. GFBiochemicals / Reverdia (Joint Venture)

Headquarters: Milan, Italy (GFBiochemicals)
Key Offering: Bio-succinic acid, Levulinic acid and its derivatives (as solvent precursors)

GFBiochemicals, and its joint venture Reverdia, are leaders in producing bio-succinic acid and levulinic acid from biomass. These platform chemicals serve as key building blocks for creating a new generation of high-value, renewable solvents like gamma-valerolactone (GVL), which exhibit strong solvency with low toxicity.

Sustainability Initiatives:

• Commercial-scale production of bio-succinic acid with a reduced carbon footprint
• Development of solvent platforms from non-food, second-generation biomass
• Focus on creating drop-in and novel solvent molecules for green chemistry applications

Get Full Report Here:
Renewable Solvent Market – View in Detailed Research Report

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🌱 Outlook: The Future of Renewable Solvents Is Bio-Based and Circular

The renewable solvent market is experiencing a paradigm shift. Driven by regulatory pressure and end-user demand for sustainability, the industry is moving beyond first-generation biofuels to sophisticated, high-performance solvent molecules derived from a variety of biomass sources.

📈 Key Trends Shaping the Market:

• Accelerated R&D into second-generation (non-food) and waste-based feedstocks
• Growing adoption of green chemistry principles in pharmaceutical and specialty chemical manufacturing
• Increasing stringency of VOC (Volatile Organic Compound) regulations globally, favoring low-emission bio-solvents
• Strategic partnerships between agricultural processors and chemical companies to secure sustainable supply chains

Get Full Report Here:
Renewable Solvent Market – View in Detailed Research Report

The companies listed above are not just supplying chemicals—they are actively engineering the sustainable foundation for the future of manufacturing, enabling industries to achieve their decarbonization and circularity goals.