Global Green and Bio-Based Solvents Market size was valued at USD 4.2 Billion in 2023 and is projected to reach USD 6.5 Billion by 2032, growing at a CAGR of 6.4% from 2022 to 2032.
Green and bio-solvents are chemicals that are derived from agricultural sources and are favourable to the environment. After crops are processed, such as sugarcane, refined glycerin, soybean oil, corn, lactic acid, and bio-succinic acid, these chemicals are produced. Water- and hydrocarbon-based varieties are two of the most widely utilised green and bio-solvents.
One of the key factors fueling the growth of the green and bio-solvents market is the rise in demand for environmentally friendly solvents across the globe. The market’s expansion is accelerated by the existence of environmental restrictions to decrease VOC emissions and the rise in the replacement of synthetic solvents such acetone, toluene, and xylene. The federal government’s strong emphasis on bio-based goods and the market’s improved competitiveness as a result of product differentiation. Additionally, the market for green and bio-solvents is benefited by quick industrialization, an increase in investments, a rise in environmental concerns, and favourable government laws.
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The Green and Bio-Based Solvents market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Green and Bio-Based Solvents market. On the basis of historic growth analysis and current scenario of Green and Bio-Based Solvents market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Green and Bio-Based Solvents market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Green and Bio-Based Solvents market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Green and Bio-Based Solvents market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Major Players
- Huntsman Corporation
- Braskem
- Cargill Inc.
- BASF SE
- AkzoNobel NV
- LyondellBasell
- Archer Daniels Midland Co
- Solvay
- Sigma-Aldrich
- The Dow Chemical Co.
Types
- Bio-alcohols
- Bio-glycols
- Bio-diols
- Ethyl Lactate
- D-limonene
- Methyl Soyate
- Others
Applications
- Paints & Coatings
- Industrial & Domestic Cleaning
- Printing Inks
- Adhesives & Sealants
- Pharmaceutical
- Cosmetics
- Agriculture
- Others
Regional Analysis:
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Green and Bio-Based Solvents market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Points:
- Define, describe and forecast Modular Cleanroom Technology product market by type, application, end user and region.
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