Global Green and Bio-Based Solvent Market Growth 2023-2029

Global Green and Bio-Based Solvent Market Growth 2023-2029

Green solvents are environmentally friendly solvents or biosolvents derived from biomass, such as plants, trees or animals (the biomass can have undergone physical, chemical or biological treatment).

Green & bio-based solvents are characterized by low toxicity, low miscibility, higher boiling point, less odor, and easy recycling process. Thus, green & bio-based solvents are eco-friendly. These properties or inherent advantages makes them suitable for usage in various applications.

LPI (LP Information)' newest research report, the “Green and Bio-Based Solvent Industry Forecast” looks at past sales and reviews total world Green and Bio-Based Solvent sales in 2022, providing a comprehensive analysis by region and market sector of projected Green and Bio-Based Solvent sales for 2023 through 2029. With Green and Bio-Based Solvent sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Green and Bio-Based Solvent industry.

This Insight Report provides a comprehensive analysis of the global Green and Bio-Based Solvent landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Green and Bio-Based Solvent portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Green and Bio-Based Solvent market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Green and Bio-Based Solvent and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Green and Bio-Based Solvent.

The global Green and Bio-Based Solvent market size is projected to grow from US$ 6955.4 million in 2022 to US$ 8680.5 million in 2029; it is expected to grow at a CAGR of 8680.5 from 2023 to 2029.

Global Green and Bio Solvents key players include BASF SE, Archer Daniels Midland Company, The DOW Chemical Company, Huntsman Corporation, E.I. Dupont De Nemours & Co., etc. Global top five manufacturers hold a share over 50%.

North America is the largest market, with a share about 35%, followed by Europe, Asian and Pacific Region, with a share about 45 percent.

In terms of product, Lactate Esters is the largest segment, with a share nearly 30%. And in terms of application, the largest application is Paints and Coatings, followed by Pharmaceuticals, Industrial and Domestic Cleaners, Cosmetics, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Green and Bio-Based Solvent market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Bio-alcohols
Bio-glycols
Bio-diols
Lactate Esters
D-limonene
Methyl Soyate
Others

Segmentation by application
Paints & Coatings
Industrial & Domestic Cleaners
Adhesives
Printing Inks
Pharmaceuticals
Cosmetics
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Archer Daniels Midland
BASF
DowDuPont
Huntsman Corporation
Corbin
Vertec Biosovent
Cargill
BioAmber
Galatic
Florida Chemical Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global Green and Bio-Based Solvent market?

What factors are driving Green and Bio-Based Solvent market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Green and Bio-Based Solvent market opportunities vary by end market size?

How does Green and Bio-Based Solvent break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.