Green AndBio-based Solvents Market Size And Forecast
Green AndBio-Based Solvents Market was valued at USD 5.9 Billion in 2020 and isprojected to reach USD 10.59 Billion by 2028, growing ata CAGRof 7.54% from 2021 to 2028.

Major driver ofthis Market is that Green And Bio-based Solvents do not release toxic byproductsand volatile organic compounds (VOCs) during manufacturing. This has also ledto their recent popularity. With the recent go green initiatives that have beentaken up globally, there will be a rise in the demand for green solvents in theforecast period. The Global Green And Bio-Based Solvents Market report providesa holistic evaluation of the market. The report offers a comprehensive analysisof key segments, trends, drivers, restraints, competitive landscape, andfactors that are playing a substantial role in the market.

GlobalGreen And Bio-Based Solvents Market Definition
Green andBio-based solvents are environmentally friendly solvents. They are derived fromrenewable sources mainly agricultural crops rich in carbohydrates such as corn,wheat, and beets. These solvents are a replacement for crude-oil-based solventsand are just as effective and safe. They are recyclable, have low toxicity andmiscibility, and have a higher boiling point as compared to crude-oil-basedsolvents which makes them more superior. Green and Bio-based solvents are usedin a variety of industrial applications including coatings, paints, household,and industrial cleaners. They are also used in personal care products,pharmaceuticals, printing inks, and so on. Some examples of green and bio-basedsolvents are bio-ethanol, methyl soyate, and limonene.

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GlobalGreen And Bio-based Solvents Market Overview
Green andbio-based solvents that are produced from renewable sources are a driver forthe Global Green And Bio-Based Solvents Market. Industries faced with pressurefrom governmental regulations regarding environmental preservation anddepletion of natural resources are switching over from the use of crude-oilsolvents to green and bio-based solvents. This in turn leads to an exponentialrise in the demand for green solvents and is a push toward innovative greensolutions. Another driver of this Market is that green and bio-based solventsdo not release toxic byproducts and volatile organic compounds (VOCs) duringmanufacturing. This has also led to their recent popularity.

With the recentgo green initiatives that have been taken up globally, there will be a rise inthe demand for green solvents in the forecast period. A challenge faced by theGreen And Bio-Based Solvents Market is that there may not be enough rawmaterial at one time to produce the large amounts of solvents that are needed.There are also certain misconceptions about the use and reliability of thesesolvents in Industries that could affect the growth of this market. Another keyrestraint for the Green And Bio-Based Solvents Market is cost competitiveness.The costs related to the production of green & bio-based solvents arehigher than that of conventional solvents.

GlobalGreen And Bio-Based Solvents Market Segmentation Analysis
The Global GreenAnd Bio-Based Solvents Market is Segmented on the basis of Product Type,Application, and Geography.

GreenAnd Bio-based Solvents Market, By Product Type
• BioAlcohols, Glycols, and Diols
• Ester Solvents
• Succinic Acid
• Others

On the basis ofProduct Type, the market is divided into Bio Alcohols, Glycols, and Diols,Ester Solvents, Succinic Acid, Others. The consumption of esters in the overallgreen solvents market will be highest during the forecast period due to itswide application area, comparatively lower price than other green solvents, andeasy availability.

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GreenAnd Bio-based Solvents Market, By Application
• Paintsand Coatings
• Pharmaceuticals
• Industrial and Domestic Cleaners
• Adhesives
• Others

On the basis ofApplication, the Green And Bio-Based Solvents Market is divided into Paints andCoatings, Pharmaceuticals, Industrial and Domestic Cleaners, Adhesives, Others.Out of these, Industrial & Domestic Cleaners are estimated to be the largestapplication for the Green And Bio-Based Solvents Market. The use ofbio-solvents in household cleaners helps to clean the kitchens, showers,toilets, carpets, and other household items. For example, solvents used in drycleaning machines help clean clothes by dispersing and dissolving dirt.

GreenAnd Bio-Based Solvents Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis ofRegional Analysis, the Global Green And Bio-Based Solvents Market is classifiedinto North America, Europe, Asia Pacific, and Rest of the world. North Americahas conventionally been a strong market for green & bio-solvents. Globally,the North American market has been a leader with respect to demand as well asproduct innovation in terms of quality and application development. The keycountry in the North American market in the US which is the most dominantmarket, accounting for a significant market share.

KeyPlayers In Green And Bio-Based Solvents Market
The “GlobalGreen And Bio-Based Solvents Market” study report will provide valuable insightwith an emphasis on the global market. The major players in the marketare The DowChemical Co., BASF SE, BioAmber Inc., Huntsman Corporation, Vertec Bio SolventsInc., Cargill Inc., and Gevo Inc. The competitivelandscape section also includes key development strategies, market share, andmarket ranking analysis of the above-mentioned players globally.

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