Global Green and Bio Solvents market has embraced an orderly method to assess the elements of the general market. It gives a far reaching study containing a through and through research available elements, including development drivers, difficulties, dangers, and potential development openings, with a key spotlight on the worldwide market as well as the regional market. global Green and Bio Solvents industries are expected to accelerate at a CAGR of nearly XX.X% until Forecast 2023. Further, the report expresses that one of the main considerations of this market is the increasing expense of raw materials.
Overview of the Green and Bio Solvents Market
Green & bio-based solvents are characterized by low toxicity, low miscibility, higher boiling point, less odor, and easy recycling process. Thus, green & bio-based solvents are eco-friendly. These properties or inherent advantages makes them suitable for usage in various applications.,
Global Green and Bio Solvents Market Key Players:
- Archer Daniels Midland Company, BASF SE, Bioamber Inc, Huntsman Corporation, E.I. Dupont De Nemours & Co., The DOW Chemical Company, Vertec Biosolvents Inc, Florida Chemicals Company Inc, Cargill Inc, Galactic, LyondellBasell, Gevo, Pinova Holding INC, Myriant, Solvay,.
market for Green and Bio Solvents is expected to grow at a CAGR of roughly 7.8% over the next five years, will reach 8610 million US$ in 2023, from 5480 million US$ in 2017, according to a new GIR (Global Info Research) study.,
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Major classifications are as follows:
- Lactate Esters
- Methyl Soyate
Major applications are as follows:
- Industrial & Domestic Cleaners
- Paints & Coatings
Scope of the Green and Bio Solvents Market Report: This report focuses on the Green and Bio Solvents in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application., Industrial solvents are used as component ingredients in formulated products or as processing aids in manufacturing. Demand will grow modestly but the mix of solvents will continue to change dramatically under environmental and regulatory pressure designed to reduce emissions of ODS (Ozone Depleting Substances), VOCs (Volatile Organic Compounds) and HAPs (Hazardous Air Pollutants). Environmentally friendly âgreen solventsâ and conventional solvents that are regulation exempt to replace conventional hydrocarbon and chlorinated solvents., North America is the biggest producer and consumer of bio solvents, the production accounted for 33.78% of global production in 2015, followed by Europe, accounted for 26.62%. Asia Pacific is expected to witness the highest growth rate over the forecast period. The region is expected to grow at an estimated CAGR of 10.3% from 2015 to 2021. Growth of major end-use industries particularly in China and India is expected to drive the regional market., The raw materials of bio solvents are mainly corn and vegetable oils. The bio solvents market offers immense opportunities countries such as USA, India, and China, as these regions have high petroleum prices and a large number of diesel and gasoline fueled vehicles. , On the basis of application, bio solvents market is segmented as paints & coatings, adhesives & sealants, and printing inks among other niche applications such as pharmaceuticals and cosmetics. Increasing construction spending in emerging markets such as Brazil, China, India and Mexico on account of rapid industrialization and urbanization rates is expected to remain a key driving factor for this segment. The shift in trends towards using eco-friendly paints coupled with growing construction industry is expected to drive bio solvents demand., Global bio solvents market is concentrated with top five companies accounting for more than 50% of the market share in 2015. Major companies operating in the global market include Archer Daniels Midland Company, BASF SE, Bioamber Inc, Huntsman Corporation, E.I. Dupont De Nemours & Co, The DOW Chemical Company, Vertec Biosolvents Inc, Florida Chemicals Company Inc, Cargill Inc, Galactic, LyondellBasell and Solvay., The worldwide market for Green and Bio Solvents is expected to grow at a CAGR of roughly 7.8% over the next five years, will reach 8610 million US$ in 2023, from 5480 million US$ in 2017, according to a new GIR (Global Info Research) study.,
- North America (USA, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Columbia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
- Green and Bio Solvents market report provides comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, challenges, trends, market dynamics, size and growth, competitive analysis, major competitors analysis.
- Report recognizes the key drivers of growth and challenges of the key industry players. Also, evaluates the future impact of the propellants and limits on the market.
- Uncovers potential demands in the market.
- Green and Bio Solvents market report provides in-depth analysis for changing competitive dynamics
- Provides information on the historical and current market size and the future potential of the market.
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Key questions answered in the report:
- What will the market growth rate of Green and Bio Solvents market in 2023?
- What are the key factors driving the global Green and Bio Solvents market?
- Who are the key manufacturers in Green and Bio Solvents market space?
- What are the market opportunities, market risk and market overview of the Green and Bio Solvents market?
- What are sales, revenue, and price analysis by types and applications of Green and Bio Solvents market?
- What are sales, revenue, and price analysis by regions of Green and Bio Solvents industry?
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Green and Bio Solvents market in 2022 is also explained. Additionally, type wise and application wise consumption tables and figures of Green and Bio Solvents market are also given.