| Product Code: ETC4485448 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
Singapore`s import trend for the Singapore green and bio-solvents market showed a growth rate of -1.73% from 2023 to 2024, with a compound annual growth rate (CAGR) of 6.37% from 2020 to 2024. The decline in import momentum in 2024 could be attributed to shifts in demand dynamics or changes in trade policies impacting market stability.
The Singapore market for green and bio solvents is expanding as industries transition towards cleaner and sustainable chemical solutions. These solvents are vital in applications ranging from coatings and paints to pharmaceuticals. Singapore dedication to sustainable practices and its investments in research and development are driving the adoption of green and bio solvents, contributing to the reduction of volatile organic compounds and promoting a healthier environment.
The Singapore Green and Bio Solvents market are driven by the growing emphasis on sustainability and environmental responsibility in the chemical and manufacturing industries. Green and bio solvents are derived from renewable feedstocks and have low environmental impact. As regulations and consumer preferences shift towards sustainable and eco-friendly products, the demand for green and bio solvents in various applications, including coatings, adhesives, and cleaning products, is expected to increase, supporting cleaner and more sustainable chemical processes.
The Singapore Green and Bio Solvents Market face challenges in terms of performance and cost-effectiveness. Green and bio solvents are expected to match or surpass the performance of their conventional counterparts while being environmentally friendly. Achieving this balance is a challenge for manufacturers. Additionally, cost-effectiveness in production and consumer acceptance are factors influencing market growth.
The COVID-19 pandemic underscored the importance of sustainable and environmentally friendly solvents, leading to increased interest in the Singapore green and bio solvents market. With a growing focus on reducing volatile organic compounds (VOCs) and promoting eco-friendly alternatives, the market saw higher demand for green and bio-based solvents in various applications. The pandemic highlighted the need for safer and more sustainable solvent options, driving investments in their development and adoption.
In the green and bio solvents market, companies like Vertec Biosolvents and Cargill provide eco-friendly solvent solutions for various industries, including coatings and paints. These global players collaborate with local manufacturers and users to replace traditional solvents with more environmentally responsible alternatives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Green and Bio-solvents Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Green and Bio-solvents Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Green and Bio-solvents Market - Industry Life Cycle |
3.4 Singapore Green and Bio-solvents Market - Porter's Five Forces |
3.5 Singapore Green and Bio-solvents Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Singapore Green and Bio-solvents Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Singapore Green and Bio-solvents Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government regulations promoting the use of environmentally friendly products |
4.2.2 Growing consumer awareness and demand for sustainable and non-toxic solutions |
4.2.3 Rise in research and development activities focusing on green and bio-solvents |
4.3 Market Restraints |
4.3.1 Higher production costs associated with green and bio-solvents compared to traditional solvents |
4.3.2 Limited availability of raw materials for bio-solvents production |
4.3.3 Lack of standardized regulations across industries impacting adoption rates |
5 Singapore Green and Bio-solvents Market Trends |
6 Singapore Green and Bio-solvents Market, By Types |
6.1 Singapore Green and Bio-solvents Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Green and Bio-solvents Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Singapore Green and Bio-solvents Market Revenues & Volume, By Bioalcohols, 2021-2031F |
6.1.4 Singapore Green and Bio-solvents Market Revenues & Volume, By Bio-Diols, 2021-2031F |
6.1.5 Singapore Green and Bio-solvents Market Revenues & Volume, By Biogycols, 2021-2031F |
6.1.6 Singapore Green and Bio-solvents Market Revenues & Volume, By Lactate Esters, 2021-2031F |
6.2 Singapore Green and Bio-solvents Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Green and Bio-solvents Market Revenues & Volume, By Industrial & Domestic Cleaners, 2021-2031F |
6.2.3 Singapore Green and Bio-solvents Market Revenues & Volume, By Paints & Coatings, 2021-2031F |
6.2.4 Singapore Green and Bio-solvents Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.5 Singapore Green and Bio-solvents Market Revenues & Volume, By Printing Inks, 2021-2031F |
6.2.6 Singapore Green and Bio-solvents Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 Singapore Green and Bio-solvents Market Import-Export Trade Statistics |
7.1 Singapore Green and Bio-solvents Market Export to Major Countries |
7.2 Singapore Green and Bio-solvents Market Imports from Major Countries |
8 Singapore Green and Bio-solvents Market Key Performance Indicators |
8.1 Percentage increase in research and development investments in green and bio-solvents technologies |
8.2 Number of new product launches in the green and bio-solvents segment |
8.3 Growth in the number of partnerships and collaborations in the green and bio-solvents industry |
8.4 Improvement in production efficiency and reduction in waste generation from green and bio-solvents manufacturing |
8.5 Increase in certifications and eco-labels obtained by green and bio-solvents manufacturers |
9 Singapore Green and Bio-solvents Market - Opportunity Assessment |
9.1 Singapore Green and Bio-solvents Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Singapore Green and Bio-solvents Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Singapore Green and Bio-solvents Market - Competitive Landscape |
10.1 Singapore Green and Bio-solvents Market Revenue Share, By Companies, 2024 |
10.2 Singapore Green and Bio-solvents Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |