Rising demand of green solvents in end-use industries, rising awareness regarding environment protection, developing economies and volatile prices of crude oils are the main growth factors for the global green solvents market. The global green solvents market was valued at USD 4.3 billion in 2018 and is expected to reach USD 7.3 billion in 2026, growing at a CAGR of 6.6% during the forecast period.
The global green solvents market during the forecast period is expected to have a positive influence on the high demand for renewable solvents from the end-use industries. Essentially, solvents are additives, which are blended with other substances to produce new material. Growing health and environmental concerns among the consumers regarding the usage of conventional solvents are anticipated to play a significant role in the growth of the global green solvents market.
Global green solvents Market Report 2021 comes with an extensive industry analysis of development components, patterns, flows, and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2021-2026. This research study of green solvents involved the extensive usage of both primary and secondary data sources. This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies, and the technical progress in related industry.
The green solvents Market report has been segregated based on distinct categories, such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential.
List of Top Key Players in green solvents Market Report are:
BASF SE (Germany)
BioAmber Inc. (US)
Myriant Corporation (US)
Dow Chemicals (US)
Cargill Incorporated(US),Gevo Inc.(US)
Vertec Bio solvents Inc. (US)
Florida Chemicals (US)
Solvay S.A (Belgium)
green solvents Industry 2021 Market Research Report provides exclusive vital statistics, data, information, trends, and competitive landscape details in this niche sector. This report provides the status of the green solvents market forecast till 2026. Likely, the report also focuses on global major manufacturers of green solvents market share providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue, and contact information. Upstream raw materials and equipment and downstream demand analysis are also carried out.
green solvents Market Segmentation by Product Type:
Diols & Glycols
green solvents Market Segmentation by Application:
Paints & Coatings
Adhesives & Sealants
Industrial & Domestic Cleaners
The report diversifies the global geographical expanse of the green solvents market into five prominent regions such as Europe, APAC, MEA, North and South America.
Based on the product type, the esters segment expected to grow at the highest CAGR of 8.3% during the forecast period.
Based on the application, the paints & coating segment accounted for almost 40% market share in 2018
In 2018, Asia Pacific is expected to hold the highest market share of 31% in the global green solvents market
In April 2019, Merck, a leading science and technology company has launched CyreneTM — a sustainable dipolar-approtic solvent produced from a renewable source of cellulose in two steps. In response to the need for solvents to meet stricter regulatory requirements for both safety of workers and environmental sustainability, the bio-derived alternative has been developed. The product is targeted at increasing demand for greener alternatives to Dimethylformamide (DMF) and NMP.
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