Green/Bio-Based Solvents Market Key Segments, Share, Size, Trends, Growth, and Forecast 2023 to 2031

The modern-day document posted via Report Ocean, titled “Green/Bio-Based Solvents MarketGlobal Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023 to 2031,” affords a complete evaluation of the industry, which includes insights on the market trends. The file additionally consists of competitor and regional analysis, and present-day developments in the market. This document can serve as a fantastic information for investors, researchers, consultants, advertising strategists and all these who are planning to foray into the market in any form.

Green solvents are derived from the agricultural sources, such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil and similar others. Eco-friendly nature and low volatile organic compound (VOC) content emission than conventional petroleum based solvent were the prime reason for manufacturers to shift towards green solvent. In 2014, the market for green solvents stood at 2,600 kilotons and is expected to grow at a CAGR of 4.3% during 2015-2020.

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Volatility in the crude oil prices, hazardous environmental effects of volatile organic compounds and increasing adoption of green solvents in the end user industries such as paints and coating, printing inks and similar others are the key factors driving the growth of global green solvents market. However, its high production cost hampers the market growth to certain extent.

Green solvents are consumed across wide range of industries such as paints & coatings, printing inks, adhesives & sealants and industrial & domestic cleaning among others. Paints and coatings application segment would continue to lead the global green solvents market throughout the forecast period. Increasing environmental concerns in conjunction with rising consumer awareness towards eco-friendly products fuels the adoption of green solvent in paints and coating industry. Furthermore, the pace of consumption of green solvents in industrial & domestic cleaning industry will be highest during the forecast period. This is due to increasing concern of health and hygiene among household consumers’ and institutional workers.

Green solvents market has been segmented by type as esters, alcohols, diols & glycols, D-limonene and others. Furthermore, esters are segmented into lactate esters, methyl esters & others and alcohols, diols & glycols are segmented into solketal, isobutanol and others. The consumption of esters in the overall green solvents market will be highest during 2014-2020 due to its wide application area, comparatively lower price than other green solvents and easy availability. In terms of geography, the market has been segmented into North America, Europe, and Asia Pacific & LAMEA. North America would continue to dominate the market through 2020, due to intense awareness among the consumers for the adoption of green solvents and robust improvement in the U.S. & Mexican construction industry. However, Asia Pacific will be the fastest growing market and is expected to grow at a CAGR of 6.2% during 2015-2020.

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Competitive Intelligence on prominent manufacturers of green solvents provide key insights in terms of strategies implemented to gain significant share in the green solvents market.

COVID-19 Impact

In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.

The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.

Key benefits

The report includes extensive analysis of the factors driving as well as restraining the global green solvents market.
The market estimations for the period 2014-2020 have been included along with factors affecting the same.
The report also provides quantitative as well as qualitative market trends to help the stakeholders to analyze the current situation prevailing in the market.
An in-depth analysis of key segments of the market demonstrates stakeholders with different types of green solvents consumed across different industries.
SWOT analysis enables to study the internal environment of the leading companies for strategy formulation.
Competitive intelligence highlights the business practices followed by the leading market players across various geographies.

Competitive Intelligence on prominent manufacturers of green solvents provide key insights in terms of strategies implemented to gain significant share in the green solvents market. Some of the leading manufacturers profiled in this report includes BASF SE, BioAmber Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell and E.I du Pont de Numerous and Company, Solvay S.A and Huntsman Corporation.

Key market segment

The market for global green solvents is segmented as

GLOBAL GREEN SOLVENTS MARKET – BY TYPES

Esters
Lactate Esters
Methyl Esters
Others
Alcohols, diols & glycols
Solketal
Isobutanol
D-Limonene
Others

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GLOBAL GREEN SOLVENTS MARKET – BY APPLICATION

Paints & Coatings
Adhesives & Sealants
Printing Ink
Industrial & Domestic Cleaners
Others

GLOBAL GREEN SOLVENTS MARKET – BY GEOGRAPHY

North America
Europe
Asia Pacific
LAMEA

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

In this report, the key questions answered:

  • How has the adoption of Market impacted COVID-19?
  • What are the key market tips in key areas?
  • Which utilized sciences are most impacting the anticipated global enterprise?
  • Who are the major global game enthusiasts in modern times dominating the Market?
  • How do AI clients turn out to be conscious of technological knowledge in strolling theatres?
  • What are the vital corporation fashions determined via way of the foremost market players?
  • What are the key factors that will have an effect on the expand of Market globally?
  • How foremost game enthusiasts in the Global corporation environment are incorporating key
  • What is the present day income contribution of distinct product kinds in the market and what are the predicted changes?

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