The global green & bio-based solvents market was valued US$ X.53 Bn and is expected to reach XX Bn by 2027, at a CAGR of X.98% during a forecast period.





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global green & bio-based solvents market Size:

Green solvents are obtaining from the agricultural sources like sugarcane, bio succinic acid, soybean oil, lactic acid, corn, refined glycerine. The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis. Green and bio-based solvents production was calculated X,600 kilo tons and is expected to reach X,321 kilo tons during the forecasted period. Broadly number of large and small scale suppliers are involved in the production and consumption of bio-based products will help this market grow. Based on region Asia Pacific held the largest market share of 50% from the others. The global green & bio-based solvents market was valued US$ X.53 Bn and is expected to reach XX Bn by 2027, at a CAGR of X.98% during a forecast period.
global green & bio-based solvents market Drivers and Restraints:

The main factor driving the green solvents markets includes, eco-friendly nature and low volatile organic compound emission, major instability in the crude oil price with hazardous environmental effect is bending the interest of end-users such as printing inks, paints and coating, adhesives and sealants, and domestic cleaning towards bio based solvents over conventional solvents are expected to boost the market growth in the coming years. Additionally, global green and bio-based solvents market also expected to witness a noticeable growth owing to the technological advancement and increase in number of applicant all over the world. The projecting pharmaceutical companies propose to use the green & bio-based solvents in domestic and industrial cleaning industry expected to remain highest during the estimated timespan, this is due to increasing concern of health and hygiene among household consumers’ and institutional workers thus boosting the market growth and expected maintain the same during forecasted years. Further increasing growth in the personal care and cosmetics

On the contrary, noticeable change in the raw material price will pull the market growth during the forecast period. Though, the availability of prominent substitute in the market also negatively impact on the market growth in near future.
Green & Bio-Based Solvents Market Segment analysis:

By application segment, paints and coatings sector was highest propelling segment, held for over 43% of the market share in 2019. Growing construction development and concern with rising awareness in the consumers about eco-friendly products have fuelled the market growth in the paints and coating sector. Factors of bio based products such as, low corrosivity, biodegradability, toxicologically and environmentally safe nature, high solvency power, water miscible is attracting the vendors to invest in the market will generate numerous opportunity for the market to grow during the forecasted period. Furthermore, bio-enamel lacquer show characteristics like it has property of dirt and water repellent, matt finishing is booming the overall global green and bio-based solvents market globally. Some brands available in the market with zero VOC for instance, the real milk paints, clare paints, bioshiled, ecos paints price, the price of clare paints in the market is approximately $39/ gallon.
Green & Bio-Based Solvents Market Regional Analysis:

Regionally, Asia Pacific is expected to dominate the green & bio-based solvents market and is expected to grow at CAGR of X.32 % during the forecast period. As the concern of government have bend towards replacing hydrocarbon solvents and shifting interest for the use of bio-based solvents by numerous end-user have been a major factor for the growth of the market in the Asia Pacific region. From the developing economies china has documented as major producers and contributor owing the result of growing awareness and adoption of eco-friendly products by the consumers. Base year 2019 market size was US$ XX Bn in though in China, market size was valued XX Bn and expected to increase by US$ XX Bn in coming years. Also considerable point from current situation of covid-19, has undesirably impacted the market growth in this region and will take time to recover from such an economic loss, expected restraint the market growth in this region for extent.

On the other hand, North America expected to show substantial market growth owing to their economic stability. Easy availability of raw material in this nation, making US largest consumer of the product with cumulative government support and growing adoption of advanced technologies for product development in this region.

The objective of the report is to present a comprehensive analysis of the Global Green & Bio-Based Solvents Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Green & Bio-Based Solvents Market dynamics, structure by analysing the market segments and project the Global Green & Bio-Based Solvents Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Green & Bio-Based Solvents Market make the report investor’s guide.
Scope of Green & Bio-Based Solvents Market: Inquire before buying

Global Green & Bio-Based Solvents market, By Product

• Methyl Soyate
• Ethyl Lactate
• Bio-alcohols
• D-limonene
• Bio-glycols
• Bio-diols
• Esters
• Other
Global Green & Bio-Based Solvents market, By Application

• Personal Care & Cosmetics
• Food & Beverages
• Adhesives & Coatings
• Paints & Coatings
• Pharmaceuticals
• Agrochemicals
• Printing inks
• Others
Global Green & Bio-Based Solvents Market, By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Green & Bio-Based Solvents Market,

• LyondellBasell Industries Holdings B.V
• Elevance Renewable Sciences Inc
• Huntsman International LLC
• Archer Daniels Midland Company
• Cremer Oleo Gmbh & Co Kg
• Florida Chemical Company
• Florachem Corporation
• Cargill Inc.rporated.
• Myriant Corporation
• Vertec Biosolvents
• Gemtek Products
• DowDuPont
• BioAmber Inc
• Bio Brands LLC
• Merck KGaA
• Galactic
• Gevo Inc
• Solvay
• Corbion
• BASF SE
• Novvi
• Licella
• Genomatica
• Avantium

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