The Global Eco-friendly Solvent Oil Market was valued at US$ 1162 Million in 2025 and is projected to reach US$ 1581 Million by 2034, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2026–2034). This growth is being driven by stringent global VOC emission regulations, the accelerating demand for sustainable industrial formulations, and the widespread adoption of high-performance, low-toxicity solvents across paints & coatings, industrial cleaning, and printing inks sectors.

As the chemical industry undergoes a profound transformation toward sustainable and safer operations, the focus intensifies on the key manufacturers pioneering the development of eco-friendly solvent oils. These products, characterized by deep hydrotreating that results in low sulfur, low aromatic hydrocarbon content (>99% saturation), non-toxicity, and biodegradability, are crucial for a greener future. In this blog, we profile the Top 10 Companies in the Eco-friendly Solvent Oil Industry—a blend of global energy giants, specialized chemical producers, and regional leaders shaping the supply chain for sustainable solvents.

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🔟 1. ExxonMobil Corporation

Headquarters: Irving, Texas, USA
Key Offering: Normal Paraffin Solvents, Isoparaffin Solvents (e.g., Isopar™ series)

ExxonMobil is a dominant force in the global solvent market, offering a wide array of high-purity hydrocarbon fluids. Their Eco-friendly Solvent Oil portfolio is renowned for its consistent quality, low odor, and high solvency power, making it ideal for demanding applications in adhesives, coatings, and agriculture.

Sustainability & Innovation Initiatives:

• Investment in advanced hydrotreating technologies to minimize aromatic content

• Development of solvents with high flash points for enhanced workplace safety

• Commitment to reducing the environmental footprint of its chemical products

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9️⃣ 2. Shell Chemicals

Headquarters: London, United Kingdom
Key Offering: ShellSol solvents, CorySol solvents (De-aromatized and Low Aromatic)

Shell Chemicals provides a comprehensive range of eco-friendly solvents under its ShellSol and CorySol brands. These solvents are designed to meet stringent environmental and regulatory standards, serving industries from printing inks to metal cleaning with products that offer excellent performance and lower VOC emissions.

Sustainability & Innovation Initiatives:

• Focus on circularity by exploring bio-based feedstocks for solvent production

• Partnerships with downstream users to develop tailored, sustainable solutions

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8️⃣ 3. TotalEnergies

Headquarters: Paris, France
Key Offering: Solvesso™ replacements, De-aromatized Solvents

TotalEnergies is a key European supplier of high-performance solvents, with a strong emphasis on developing alternatives to traditional aromatic solvents. Their eco-friendly offerings are critical for formulators in the coatings and ink industries seeking to comply with REACH and other regulations without compromising on performance.

Sustainability & Innovation Initiatives:

• Strategic shift towards solvents with negligible ozone depletion potential

• Expansion of production capacity for high-purity isoparaffinic solvents

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7️⃣ 4. Idemitsu Kosan Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: IP Solvent, Daphne Oil (Low Aromatic Solvents)

Idemitsu Kosan is a leading Japanese refiner and chemical company with a significant presence in the Asian solvent market. Its eco-friendly solvent oils are characterized by high purity and are extensively used in electronics, cosmetics, and specialty chemical applications where low conductivity and minimal impurity levels are paramount.

Sustainability & Innovation Initiatives:

• R&D focused on ultra-high purity solvents for the semiconductor industry

• Initiatives to reduce the carbon intensity of its manufacturing processes

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6️⃣ 5. INEOS

Headquarters: London, United Kingdom
Key Offering: INEOS Solvents, Cycloparaffin-based fluids

INEOS is a major global chemical producer with a diverse solvent portfolio. The company offers a range of eco-friendly options, including cycloparaffins, which provide a unique balance of solvency, volatility, and low toxicity, making them suitable for agrochemicals and industrial cleaning formulations.

Sustainability & Innovation Initiatives:

• Development of next-generation solvents with improved biodegradability profiles

• Investment in supply chain efficiency to minimize the overall environmental impact

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5️⃣ 6. Chevron Phillips Chemical Company

Headquarters: The Woodlands, Texas, USA
Key Offering: Normal Paraffins, Isoparaffins (e.g., SASOL solvents)

Chevron Phillips Chemical is a leading producer of high-quality normal paraffin and isoparaffin solvents. These products are essential components in environmentally preferred formulations for household and industrial cleaners, as well as for use as carrier solvents in various chemical processes.

Sustainability & Innovation Initiatives:

• Production of solvents with very low vapor pressure to reduce airborne emissions

• Commitment to operational excellence and sustainable manufacturing practices

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4️⃣ 7. Braskem

Headquarters: São Paulo, Brazil
Key Offering: Green Solvents from renewable feedstocks

Braskem, as the largest petrochemical company in the Americas, has a growing focus on renewable chemicals. While traditionally a player in olefins and plastics, its move into bio-based solvents positions it as a key innovator for sustainable solutions derived from sugarcane ethanol, catering to a market demanding carbon-neutral options.

Sustainability & Innovation Initiatives:

• Pioneering the production of “I’m green™” bio-based hydrocarbons

• Strategic focus on creating a circular economy for chemicals in Latin America

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3️⃣ 8. Haltermann Carless

Headquarters: Hamburg, Germany
Key Offering: High-purity hydrocarbon solvents, Custom solvent blends

Haltermann Carless is a specialty chemical company with a long history and deep expertise in hydrocarbon processing. It is renowned for its high-purity, tailor-made solvent oils that serve niche applications in pharmaceuticals, specialty coatings, and the fragrance industry, where stringent specifications are critical.

Sustainability & Innovation Initiatives:

• Expertise in creating de-aromatized solvents with specific boiling point ranges

• Strong focus on R&D for bespoke solvent solutions that meet evolving regulatory needs

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2️⃣ 9. Sasol

Headquarters: Johannesburg, South Africa
Key Offering: Sasol Solvents (Alkanes, Isoparaffins)

Sasol is a global integrated chemicals and energy company with a significant solvent business derived from its coal-to-liquids and gas-to-liquids technologies. Its solvent portfolio includes a range of eco-friendly aliphatic hydrocarbons that are vital for the African market and exported globally.

Sustainability & Innovation Initiatives:

• Development of solvents with improved occupational health and safety profiles

• Initiatives to enhance energy efficiency and reduce emissions in solvent production

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1️⃣ 10. China Sinopec (China Petroleum & Chemical Corporation)

Headquarters: Beijing, China
Key Offering: A full spectrum of solvent oils, including eco-friendly variants

As one of the world’s largest petroleum refiners, Sinopec plays a colossal role in the Asian solvent market. The company produces vast quantities of solvent oils and is increasingly focusing on upgrading its product slate to include higher-value, low-aromatic, and de-aromatized solvents to meet domestic and international environmental standards.

Sustainability & Innovation Initiatives:

• Massive investment in refinery upgrades to produce cleaner petroleum products

• Significant R&D efforts aimed at developing advanced materials and green chemicals

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🌍 Outlook: The Future of Eco-friendly Solvent Oil Is High-Performance and Sustainable

The eco-friendly solvent oil market is experiencing a fundamental shift. While conventional solvents still hold a significant market share, the momentum is unmistakably toward safer, greener, and more specialized alternatives. The industry is investing heavily in advanced refining technologies, bio-based feedstocks, and innovative product development to meet the dual demands of regulatory compliance and superior performance.

📈 Key Trends Shaping the Market:

• Stringent global regulations (REACH, TSCA) phasing out high-aromatic and toxic solvents

• Growing consumer preference for “green” products in paints, cleaning agents, and cosmetics

• Rising demand for high-flash-point solvents in industrial safety applications

• Increased R&D in bio-based and circular solvent solutions to reduce carbon footprint

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The companies listed above are not only supplying essential industrial ingredients—they are at the forefront of cleaning up the chemical value chain and enabling a more sustainable industrial landscape.