Green And Bio-Based Solvents Market
Solvents that are derived from biomass and agricultural sources such as soybean oil, corn, beet, sugarcane, lactic acid, and bio-succinic acid are referred to as Green and Bio-Based Solvents. These solvents are gaining momentum in the global market on account of their recyclability, bio-degradability, eco-friendly nature, low VOC emissions, high boiling point, and low toxicity. There is a growing preference for Bio-Based Solvents owing to less carbon emissions, depleting fossil fuels, and high efficiency.
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Competitive Analysis:
Solvay (Belgium), Archer Daniels Midland Company (US), BASF SE (Germany), DowDuPont (US), Vertec BioSolvents (US), CREMER OLEO GmbH & Co. KG (Germany), Cargill, Incorporated (US), Corbion (The Netherlands), Merck KGaA (Germany), LyondellBasell Industries Holdings B.V. (US), Galactic (Belgium), and Arkema Group (France) are some of the key players operating in the Global Green and Bio-Based Solvents Market.
Regional Analysis:
North America dominated the Global Green and Bio-Based Solvents Market Share on account of growing government support on production of bio-based solvents due to its biodegradability and non-toxic nature. Moreover, the growing awareness regarding the benefits of green solvents over hydrocarbon solvents in pharmaceutical and printing ink applications is also expected to boost the regional market growth.
The US is expected to be the major contributor to the regional market owing to the growing R&D focus on improving product quality and efficiency. Asia-Pacific is expected to be the fastest-growing market owing to easy availability of raw material, cheap labor, and growing demand for eco-friendly solvents. China is expected to be the leading market in the region due to the availability of low-cost feedstock and large presence of manufacturers.
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Market Segmentation:
The Global Green and Bio-Based Solvents Market has been categorized on the basis of Type, Application and Region.
Based on Type, the Global Green and Bio-Based Solvents Market has been segmented into bio-alcohols, bio-glycols, bio-diols, ethyl lactate, D-limonene, methyl soyate, and others (including hydrogen peroxide, bio-based butanediol, 2-methyltetrahydrofuran, etc.).
By Application, the Global Green and Bio-Based Solvents Market has been divided into paints and coatings, industrial & domestic cleaning, printing inks, adhesives & sealants, pharmaceutical, cosmetics, agriculture, and others.
By Region, has been studied for five key regions—Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
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The global Green & Bio-based Solvents market is segmented by company, region (country), by Type, and by Application.
Players, stakeholders, and other participants in the global Green & Bio-based Solvents market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2016-2027.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/94283/global-green-biobased-solvents-2021-615 Global Green & Bio-based Solvents Market size valued at USD 4969.9 Million and it is expected to reach USD 6780.9 Million by the end of 2027, with a CAGR of 4.1% during forecast period.Segment by TypeBio-alcoholsBio-glycolsBio-diolsEthyl LactateD-limoneneMethyl SoyateOthersSegment by ApplicationPaints and CoatingsIndustrial and Domestic CleaningPrinting InksAdhesives and SealantsPharmaceuticalCosmeticsAgricultureOthersThe Green & Bio-based Solvents market is analysed and market size information is provided by regions (countries).
Segment by Application, the Green & Bio-based Solvents market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Other Regions.By CompanyCargillVertec BiosolventsCorbionGalacticArcher Daniels MidlandFlorida ChemicalElevance Renewable SciencesCobalt TechnologiesReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
