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 steady growth is driven by stringent environmental regulations, a global push toward sustainable manufacturing practices, and increasing demand from end-use industries such as paints & coatings, adhesives, and pharmaceuticals seeking safer, biodegradable alternatives to conventional petroleum-based solvents.

As the chemical industry accelerates its transition toward a circular economy, the focus shifts to the pioneering companies developing and supplying high-performance, bio-based solvent solutions. These leaders are not just selling chemicals; they are enabling a fundamental shift in how industries operate. 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 specialized innovators shaping a cleaner future.

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🔟 1. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Bio-based 1,5-Pentanediol (PDO), Butanediol (BDO), Solvent Naphtha substitutes

BASF is a global chemical powerhouse with a robust portfolio of bio-based solvents derived from renewable raw materials. The company leverages its extensive R&D capabilities to create drop-in replacements and novel solvents that reduce the carbon footprint of formulations in coatings, cleaning products, and agrochemicals.

Sustainability Initiatives:

• Commitment to CO2-neutral growth until 2030

• Development of biomass balance approach for certified sustainable products

• Strategic partnerships for sourcing sustainable feedstocks

Download FREE Sample Report:
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 glycols, ethyl alcohol, glycerin, and other plant-derived solvents

ADM is a leading global agricultural processor and food ingredient provider that has successfully leveraged its biomass processing expertise to become a major supplier of bio-based chemicals. Its extensive biorefining network produces a wide range of solvents from corn, soybeans, and other renewable sources.

Sustainability Initiatives:

• Investment in advanced bio-refining technologies

• Focus on circular economy principles for solvent production

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8️⃣ 3. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: ECOFAST™ Pure Sustainable Textile Softener, bio-based glycol ethers, and acetates

Dow is a premier materials science company committed to delivering sustainable solutions. Its green solvent portfolio includes products derived from bio-based feedstocks that offer low toxicity and excellent performance in industrial and consumer applications, aligning with its 2030 sustainability targets.

Sustainability Initiatives:

• Goal to transition to 100% renewable electricity by 2030

• Product portfolio transformation toward circular and bio-based solutions

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7️⃣ 4. Huntsman Corporation

Headquarters: The Woodlands, Texas, USA
Key Offering: JEFFSOL® AG polyethylene and propylene glycols (bio-based), specialty amines

Huntsman Corporation develops and manufactures differentiated organic chemical products. Its Advanced Materials division offers bio-based glycols that are highly pure and suitable for demanding applications in paints, resins, and de-icing fluids, providing a sustainable alternative without compromising performance.

Sustainability Initiatives:

• Integration of bio-based content into existing high-performance product lines

• Focus on reducing the environmental footprint of downstream customer formulations

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

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6️⃣ 5. Cargill, Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Bio-based polyols, glycerin, and a range of vegetable oil-derived chemicals

Cargill’s bio-industrial business transforms natural oils into a spectrum of renewable chemicals, including versatile solvents. With a vast global agricultural supply chain, Cargill is uniquely positioned to provide scalable, cost-effective bio-based solutions to the market.

Sustainability Initiatives:

• Commitment to sustainable agriculture sourcing

• Development of novel bio-based intermediates for the chemical industry

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5️⃣ 6. Vertec BioSolvents

Headquarters: Cary, Illinois, USA
Key Offering: Eco-centric™ brand solvents including VertecBio™ EL (ethyl lactate), VertecBio™ D-Limonene

Vertec BioSolvents is a specialist manufacturer focused exclusively on high-performance, bio-based solvents. Its products, such as ethyl lactate and D-limonene, are derived from corn and citrus, respectively, and are designed to replace hazardous petroleum-based solvents in industrial and OEM applications.

Sustainability Initiatives:

• 100% focus on bio-based, readily biodegradable solvent solutions

• Products listed by the USDA BioPreferred® program

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4️⃣ 7. Florida Chemical Company (a subsidiary of Rutgerson Group)

Headquarters: Winter Haven, Florida, USA
Key Offering: D-Limonene, citrus terpenes, and other citrus-based solvents

Florida Chemical Company is a global leader in citrus peel processing and the world’s largest processor of D-limonene, a powerful, naturally derived solvent. Its products are widely used in cleaning formulations, coatings, and adhesives as a safe and effective alternative to harsh chemicals.

Sustainability Initiatives:

• Utilization of a waste stream (citrus peels) to create valuable chemicals

• Production of solvents with low VOC content and high biodegradability

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3️⃣ 8. GFBiochemicals

Headquarters: Milan, Italy
Key Offering: Levulinic acid and its derivatives (e.g., ethyl levulinate, methyl levulinate)

GFBiochemicals is a pioneer in the commercial-scale production of levulinic acid from biomass. This platform molecule serves as a precursor for a new generation of bio-based solvents and plasticizers, offering a versatile and sustainable building block for the chemical industry.

Sustainability Initiatives:

• First company to produce levulinic acid at commercial scale from biomass

• Focus on creating a new value chain based on cellulosic feedstocks

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2️⃣ 9. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Bio-based propylene oxide, and glycols via its joint ventures and technology platforms

As one of the largest plastics, chemicals, and refining companies globally, LyondellBasell is advancing the use of renewable feedstocks. Through its Circulen® portfolio and strategic investments, the company is incorporating bio-based content into its intermediate chemicals, which are used to produce greener solvents.

Sustainability Initiatives:

• Target to produce and market 2 million metric tons of recycled and renewable-based polymers annually by 2030

• Investment in advanced recycling and bio-based technologies

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1️⃣ 10. Solvay SA

Headquarters: Brussels, Belgium
Key Offering: Rhodiasolv® range of polar aprotic solvents, bio-based glycol ethers

Solvay is a leading advanced materials and specialty chemicals company. Its Green and Bio-based Solvent offerings are part of a broader sustainability strategy, providing high-performance, safer alternatives for electronics, pharmaceuticals, and agrochemical processing.

Sustainability Initiatives:

• Solvay One Planet sustainability roadmap with ambitious 2030 goals

• Development of bio-based and circular solutions across its entire portfolio

Read Full Report:
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 undergoing a profound transformation. While adoption rates vary by region and industry, the underlying trend is clear: sustainability is becoming a core purchasing criterion. The industry is moving beyond simple drop-in replacements to developing integrated, circular production systems that minimize waste and environmental impact.

📈 Key Trends Shaping the Market:

• Stringent regulatory frameworks (e.g., REACH, TSCA) phasing out hazardous solvents

• Growing consumer and brand owner preference for products with bio-based content

• Advancements in biotechnology enabling cost-competitive production from non-food biomass

• Expansion of application areas into electronics, pharmaceuticals, and advanced materials

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

The companies listed above are not only supplying essential chemicals—they are actively engineering a more sustainable and responsible chemical industry for generations to come.