Green & Bio-Solvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others), By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others), Region, and Competition Forecast,
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationGreen & Bio-Solvents Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Type (Bio-Alcohols, Bio-Diols, Bio-Glycols, Methyl Soyate Solvents, Lactate Esters, and Others), By Application (Paints and Coatings, Adhesives and Sealants, Cleaning Products, Printing Inks and Others), Region, and Competition Forecast,
Global Green & Bio-Solvents Market is anticipated to grow at a robust CAGR during the forecast period, 2024-2027. This can be ascribed to the growing demand for green chemicals among the population. Additionally, growing environmental awareness and imposition of regulations to reduce greenhouse and volatile organic compounds emissions is expected to support the market growth through 2028. Besides, growing application of green & Biosolvents among various applications such as cleaning, plant protection oil, wetting agents, among others is further expected to support the market growth in the coming years.
Green & Bio-Solvents are generated from crops and are an environmentally beneficial alternative to conventional solvents. These organic solvents have many benefits, including reducing labor exposure to dangerous substances and protecting workspaces. Reducing the number of chemical compounds discharged into the air from coated surfaces like furniture and flooring increases security in homes and buildings. They also aid in reducing manufacturing operations’ impact on the environment. This in turn is expected to support the market growth in the coming years.
Increasing Concern for Environmental Protection
The United States emitted approximately 11.9 million tons of volatile organic compounds (VOC) in 2021.
Growing adoption of green and bio-based solvents across various End User Industries
However, according to the European Solvents Industry Group (ESIG), five million tonnes of solvents are consumed yearly in Europe, of which only 13% are bio-based solvents. Additionally, on the global level, biobased solvents only account for 12% of the total market.
Recent Developments
The use of green and biobased solvents in asymmetric organocatalysis is growing due to several advantages over conventional catalytic techniques, including the operational simplicity of the organocatalytic processes, the tolerance to different functional groups, the high diversity of the found at organic molecules, and the stability and non-toxicity of the catalyst. Additionally, asymmetric hydrogen-bonding organocatalytic processes have been conducted using biobased solvents.
Market Segmentation
Global Green & Bio-Solvents Market is segmented based on
Market players
Archer Daniels Midland Company, BASF SE, Cargill Incorporated, Cremer oleo GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V. and Vertec Biosolvents Inc. are some of the key players operating in the market.
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Attribute |
Details |
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Base Year
|
2022 |
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Historic
Data |
2017 – 2021 |
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Estimated
Year |
2023 |
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Forecast
Period |
2024 – 2028 |
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Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2017-2021
and 2022-2028 |
|
Report
coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
covered |
·
Type ·
Application |
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Regional
scope |
North
America, Europe, Asia Pacific, South America, Middle East & Africa |
|
Country
scope |
France, Germany, United Kingdom, Italy, Spain; United States,
Canada, Mexico; China, India, Japan, South Korea, Australia; Saudi Arabia,
UAE, Egypt, Turkey, South Africa; Brazil, Argentina |
|
Key
companies profiled |
Archer
Daniels Midland Company, BASF SE, Cargill Incorporated, Cremer oleo GmbH
& Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem
Corporation, Huntsman Corporation, LyondellBasell Industries N.V. and Vertec
Biosolvents Inc. |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request) |
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