Title: Green Solvents & Bio Solvents Market - Forecast(2021 - 2026)
1Green Solvents Bio Solvents Market -
Forecast(2021 - 2026)
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- Green Solvents Bio Solvents Market is
forecast to reach 6.3 billion by 2026, after
growing at a CAGR of 9.2 during the forecast
period from 2021-2026. - The application segment of paints and coatings
will continue to dominate the global market for
green solvents over the forecast timeframe. - Increasing environmental issues, together with
increasing market awareness about environmentally
sustainable goods, are pushing green solvent
adoption in the paints coatings industry.
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- Key Takeaways
- Green solvents and bio-solvents are
environmentally friendly solvents, which are
extracted from crop production. As a more organic
alternative to petrochemical solvents, green
solvents have been developed. - Government funding and benefits can differ
greatly, as it depends on the individual
circumstances of each region. - In developed and emerging countries, the market
is still dependent on U.S. and European Union
bio-solvent initiatives, where aggressive goals
can hardly be reached domestically.
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- By Distribution Channel- Segment Analysis
- Paints and Coatings sector held the largest share
in green solvents bio solvents market in 2020
and is growing at a CAGR of 5.6 during the
forecast period 2021-2026. - In the paints and coatings industry, lactate
ester solvents are used which are derived from
renewable carbohydrate raw materials such as
cornstarch, and ethyl lactate in particular is an
interesting solvent for the coatings industry
since solvents such as NMP, toluene, acetone, and
xylene are successfully substituted.
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- Green Solvents Bio Solvents Market Industry
Outlook - Dow Chemical Company
- BASF SE, BioAmber Inc.
- Cargill, Stepan Company
- Archer Daniels Midland Company
- Corbion, Vertec Bio-solvents Carbon Neutral
- Shenzhen Esuns Industrial Co.
- Ltd, Huntsman International LLC.
- and Florida Chemical Company.
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Green Solvents Bio Solvents Market -
Forecast(2021 - 2026) Learn More About the
Report _at_ https//www.industryarc.com/Report/1169
6/green-solvents-biosolvents-market.html
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
- Purcashe Full Report _at_
https//www.industryarc.com/Domain/4/chemicals-mat
erials-market-research.html
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Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
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