The market size for organic and biological solvents is estimated to be $1.2 billion in 2021 and is projected to reach $1.5 billion by 2026, at a CAGR of 4.5% between 2021 and 2026.

Industrial and household cleaners are estimated to be the largest application for the eco-friendly and biological solvent market between 2021 and 2026.

The use of bio-solvents in household cleaners helps to clean kitchens, showers, bathrooms, carpets and other household items. For example, solvents used in dry cleaning machines help clean clothes by dispersing and dissolving dirt. Bio-solvents also help with the disinfectant to penetrate into all corners and crevices of the surface. They provide products with a longer shelf life and also ensure product stability.

Bio-solvents are also used in the cleaning of high-precision mechanical parts such as ball bearings. For this application, a perfect cleaning is necessary for the proper functioning of the mechanical part (the remaining dirt would damage the metal) and is essential for the safety of the machines in the work process.

Impact of Covid-19 on the organic and biological solvent market
North America is the largest market for organic and biological solvents. Ecological and biological solvents have been adversely affected during COVID-19, which has opened avenues of opportunities for the market. Recently, there has been an increase in the demand for ecological and biological solvents from makeshift hospitals and health institutes around the world for the manufacture of various pharmaceutical products. The coronavirus outbreak around the world has highlighted the pharmaceutical industry. Due to the explosive increase in the number of Covid-19 cases, the demand for penicillin, aspirin and cough syrup, as well as a wide range of other pharmaceuticals. Countries such as India and China became the center of manufacturing and satisfying the demand for all this equipment around the world.

Constraints: High cost of production and performance issues
One of the key constraints for the biosolvent and ecological market is the cost competitiveness that is higher than those of conventional solvents, due to the high cost of raw materials and the complex production process. The production process of conventional solvents in an industrial unit is simple and the time required is shorter compared to that of ecological and biological solvents. The process technology for most ecological and biological solvents is still in the development phase, so they have not achieved economies of scale.