Global Green and Bio Solvents Market Growth 2023-2029

Global Green and Bio Solvents 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 Solvents Industry Forecast” looks at past sales and reviews total world Green and Bio Solvents sales in 2022, providing a comprehensive analysis by region and market sector of projected Green and Bio Solvents sales for 2023 through 2029. With Green and Bio Solvents 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 Solvents industry.

This Insight Report provides a comprehensive analysis of the global Green and Bio Solvents 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 Solvents 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 Solvents market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Green and Bio Solvents 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 Solvents.

The global Green and Bio Solvents market size is projected to grow from US$ 6955.4 million in 2022 to US$ 11130 million in 2029; it is expected to grow at a CAGR of 11130 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 Solvents market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Bioalcohols

Bio-Glycols&Diols

Lactate Esters

D-Limonene

Methyl Soyate

Others

Segmentation by application

Industrial and Domestic Cleaners

Paints and Coatings

Adhesives

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 Company

BASF SE

Huntsman Corporation

DuPont

Vertec Biosolvents Inc

Florida Chemicals Company Inc

Cargill Inc

Galactic

LyondellBasell

Gevo

Pinova Holding INC

Myriant

Solvay

Key Questions Addressed in this Report

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

What factors are driving Green and Bio Solvents market growth, globally and by region?

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

How do Green and Bio Solvents market opportunities vary by end market size?

How does Green and Bio Solvents 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.