The report delivers complete data from 2020 to 2027 based on the revenue generation, and historical, existing, and forecasted growth in the market in terms of the market value and volume. Moreover, the report comprises notable changes taking place in the market structures over the analysis period. Diverse analyses of influential trends in the Green & Bio-Based Solvents Market, confirmable projections, along with macro and micro-economic indicators, regulations, and mandates have also been added in the study. In doing so, the report casts light on the growth of each significant segment of the Green & Bio-Based Solvents Market during this forecast period.
Green and bio based solvents are chemical subtract which are obtained from agriculture sources such as vegetable oil, corn, lactic acid, acid, refined glycerin, and beet. Green & bio-based solvents are manufactured in biorefinery by biomass conversion process. These are non-carcinogenic, eco-friendly, biodegradable, recyclable, and non-corrosive solvents. Green & Bio-Based Solvents have various properties such as low miscibility, low toxicity, and high boiling point that increase their popularity than conventional solvents.
Increase in demand for green and bio-based solvents in various sectors such as paints & coatings, pharmaceuticals are expected to boost the global green & bio-based solvents market growth. Furthermore, reduced dependency on petrochemical solvents will have the positive impact on global green & bio-based solvents market growth. Moreover, green & bio-based solvents are act as alternative solvents for traditional hydrocarbon solvents which are expected to propel the global green & bio-based solvents market growth, over the forecast period. In addition to that increase in usage of green and bio based solvents in various sectors such as adhesive & sealant, printing inks, industrial and domestic cleaning which is expected to fuel the global green and bio based solvents market growth, over the forecast period.
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However, uncertainty about the reliability and adequate supply of feedstock is expected to hamper global green & bio-based solvents market growth. Also, high maintenance cost of new technologies will affect the global green & bio-based solvents market growth.
Market Key Players
Various key players are discussed in this report such as
- BASF SE,
- Archer Daniels Midland Company,
- Bioamber Inc., ,
- Huntsman Corporation,
- E.I. Dupont De Nemours & Co.,
- Vertec Biosolvents Inc.
- Florida Chemicals Company Inc
- The DOW Chemical Company .,
- Cargill Inc.
- Cremer Oleo Gmbh & Co Kg.
- Lactate Esters
- Methyl Esters
- Alcohols, diols, & glycols
- Vegetable oil
- Lactic acid
- Bio-succinic acid
- Refined glycerin
- Paints & Coatings
- Adhesives & Sealants
- Printing Ink
- Domestic Cleaners
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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