Green and Bio-Solvents Market Share, Size Growth and Report Forecast 2022-2027

IMARC Group has recently released a new research study titled “Green and Bio-Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global green and bio-solvents market reached a value of US$ 11 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.1 Billion by 2027, exhibiting a CAGR of 8.3% during 2022-2027.

Green and bio-solvents are chemical substances derived from the processing of various crops, such as sugarcane, corn, and lactic acid, bio-succinic, refined glycerin, and soybean oil. They are eco-friendly and have a minimal odor, high boiling point, and lox miscibility. Consequently, they are widely used to manufacture cosmetics, pharmaceuticals, agrochemicals, and domestic cleaning products worldwide.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Green and Bio-Solvents Market Trends and Drivers:

There is currently a rise in the utilization of green and bio-based solvents for drug discovery and development across the globe. This, along with a significant increase in the demand for environment-friendly solvents, represents one of the key factors strengthening the market growth. As green solvents are nonozone-depleting, noncorrosive, and non-carcinogenic, they are extensively used as an alternative to synthetic solvents, such as acetone, xylene, and toluene.

Moreover, the growing adoption of consumer products like perfumes is catalyzing the demand for these solvents. Furthermore, there is a rise in the utilization of green and bio-solvents in the agriculture sector to increase yield, improve product quality, and reduce overall cost. Leading market players are investing in research and development (R&D) activities, which is also acting as a growth-inducing factor. Besides this, the market is propelled by the expanding applications of these solvents in the manufacturing of paints and coatings.

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Green and Bio-Solvents Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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.
• Vertec Biosolvents Inc.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Lactate Esters
• Methyl Soyate Solvents
• Bio-Alcohols, Bio-Diols and Bio-Glycols
• D-Limonene
• Others

Breakup by Application:

• Paints and Coatings
• Printing Inks
• Cleaning Products
• Adhesives and Sealants
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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