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. This steady growth is fueled by escalating environmental regulations, rising consumer demand for eco-friendly products, and significant advancements in bio-refining technologies across industries such as paints & coatings, adhesives, and pharmaceuticals.

As the global chemical sector pivots towards sustainability, the demand for safer, renewable alternatives to petroleum-based solvents has intensified. In this analysis, we profile the Top 10 Companies in the Green and Bio-Based Solvent Industry—a group of chemical giants, agricultural processors, and specialty chemical innovators who are defining the future of sustainable chemistry.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based 1,5-Pentanediol (PDO), Butanediol (BDO), Lactate Esters

BASF is a global chemical leader with a robust portfolio of bio-based solvents derived from renewable raw materials. The company’s “Verbund” integrated production system is increasingly incorporating bio-based feedstocks to create high-performance, low-toxicity solvents for demanding applications.

Sustainability Initiatives:

• Development of bio-based PDO (1,5-Pentanediol) for coatings and adhesives

• Commitment to CO2-neutral growth until 2030

• Strategic partnerships for biomass sourcing and conversion technologies

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9️⃣ 2. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Bio-based alcohols, glycerin, methyl soyate, vegetable oil derivatives

ADM leverages its massive agricultural processing capability to produce a wide array of bio-based solvents. As a leading processor of oilseeds and corn, ADM converts agricultural commodities into high-value, renewable chemical intermediates for industrial use.

Sustainability Initiatives:

• Production of bio-based glycols and alcohols from fermented sugars

• Investment in sustainable sourcing and traceability programs

• Development of low-carbon footprint solvent lines for consumer products

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8️⃣ 3. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: ECOWISE™ portfolio, bio-based glycol ethers, acetate esters

Dow offers a growing portfolio of green solvents under its ECOWISE™ brand, featuring products with bio-based content and lower VOC emissions. The company integrates bio-based feedstocks into its existing manufacturing assets to scale production efficiently.

Sustainability Initiatives:

• ECOWISE™ portfolio targets circular and bio-based solutions

• Commitment to transform waste and alternative feedstocks into circular products

• Collaborations with biotechnology firms for novel bio-monomer development

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: Bio-based amines, JEFFSOL® AG polyethylene and polypropylene glycols

Huntsman develops high-performance green solvents, particularly for the paints, coatings, and cleaning sectors. Their JEFFSOL® AG product line includes bio-based propylene and ethylene carbonates used as environmentally friendly alternatives to traditional solvents.

Sustainability Initiatives:

• Expansion of bio-circular feedstock utilization

• Product innovation focused on reducing environmental and health impacts

• Alignment with UN Sustainable Development Goals in product development

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

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6️⃣ 5. Cargill, Incorporated

Headquarters: Minneapolis, Minnesota, USA
Key Offering: Bio-based oils, esters, and derivatives from soy, corn, and canola

Cargill utilizes its extensive agricultural supply chain to produce bio-based solvents and chemical intermediates. The company is a major producer of methyl soyate, a popular bio-solvent used in industrial cleaning, coatings, and printing inks.

Sustainability Initiatives:

• Production of methyl soyate from sustainably sourced soybean oil

• Investment in biorefineries for integrated bio-chemical production

• Partnerships to develop next-generation bio-based platform chemicals

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5️⃣ 6. Vertec Biosolvents Inc.

Headquarters: Bristol, Pennsylvania, USA
Key Offering: BIO-SOLV® citrus-based solvents, ester blends, bio-alcohols

Vertec Biosolvents specializes in high-performance, bio-based solvents derived from citrus, corn, and soy. Their BIO-SOLV® product line offers effective, renewable alternatives for industrial cleaning, degreasing, and coating applications.

Sustainability Initiatives:

• Focus on 100% bio-based, readily biodegradable formulations

• Utilization of waste streams from food and agriculture industries

• Development of low-VOC, non-hazardous solvent solutions

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4️⃣ 7. Florida Chemical Company, Inc.

Headquarters: Winter Haven, Florida, USA
Key Offering: d-Limonene, citrus terpenes, citrus-based cleaning solvents

Florida Chemical Company is a leading global supplier of d-Limonene and other citrus-derived terpenes used as powerful, natural solvents. Their products are widely used in industrial and institutional cleaning, coatings, and adhesive formulations.

Sustainability Initiatives:

• Sourcing of d-Limonene from citrus fruit processing waste

• Production of 100% renewable, biodegradable solvent solutions

• Development of high-purity terpene derivatives for specialty applications

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3️⃣ 8. Galactic

Headquarters: Brussels, Belgium
Key Offering: Lactate esters (ethyl lactate, methyl lactate), bio-based solvents

Galactic is a pioneer in the production of lactate esters, which are widely recognized as among the most versatile green solvents. Their products serve the electronics, agrochemical, and pharmaceutical industries as effective, safe alternatives to halogenated and toxic solvents.

Sustainability Initiatives:

• World-leading production capacity for lactate esters

• Utilization of fermentation-derived lactic acid from renewable resources

• Focus on solvents with excellent toxicological and environmental profiles

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2️⃣ 9. Corbion N.V.

Headquarters: Amsterdam, Netherlands
Key Offering: Lactide, lactic acid, and derivatives for green solvents

Corbion is a global market leader in lactic acid, lactides, and derivatives, which serve as building blocks for bio-based solvents and other green chemicals. The company’s technology platform enables the production of high-performance, renewable solvent options.

Sustainability Initiatives:

• Production of bio-based chemicals from sustainably sourced sugars

• Development of advanced purification technologies for high-purity lactate esters

• Strategic focus on circular economy principles in chemical manufacturing

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1️⃣ 10. BioAmber Inc. (Mitsui & Co. investment)

Headquarters: Plymouth, Minnesota, USA
Key Offering: Bio-succinic acid, 1,4-Butanediol (BDO), derivative solvents

BioAmber, with significant investment from Mitsui & Co., produces bio-succinic acid which serves as a platform chemical for various bio-based solvents. Their technology converts renewable feedstocks into chemicals that displace petroleum-based alternatives.

Sustainability Initiatives:

• Commercial-scale production of bio-succinic acid from non-food biomass

• Development of downstream derivatives for solvent applications

• Focus on reducing carbon footprint of industrial chemical production

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

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

The green and bio-based solvent market is experiencing a fundamental transformation. While petroleum-based solvents still dominate in volume, regulatory pressure and consumer preference are driving rapid adoption of sustainable alternatives across all downstream industries.

📈 Key Trends Shaping the Market:

• Stringent VOC regulations in North America and Europe accelerating adoption

• Advancements in fermentation and catalytic conversion technologies improving yields

• Growing demand from paints & coatings sector for low-odor, safe formulations

• Integration of bio-refineries with existing chemical production infrastructure

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

The companies listed above are not only supplying chemical solutions—they’re actively building the foundation for a sustainable chemical industry that prioritizes environmental responsibility without compromising performance.