Title: Green Solvents & Bio Solvents Market - Forecast (2022 - 2027)
1Green Solvents Bio Solvents Market Market
size, Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 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. In a wide variety of
industries, such as paints coatings, printing
inks, adhesives sealants, and industrial
domestic cleaning, green solvents are consumed. - The application segment of paints and coatings
will continue to dominate the global market for
green solvents over the forecast timeframe.
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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. There are a variety
of geographical variations in the dependence of
the bio-solvent industry on government
assistance, depending on the price of crude oil
and the cost of bio-solvent production. In
developed and emerging countries, the market is
still dependent on U.S.
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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, Inc.,
- Cargill,
- Stepan Company,
- Archer Daniels Midland Company,
- Corbion,
- Vertec Bio-solvents Carbon Neutral.
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Green Solvents Bio Solvents Market -
Forecast(2022 - 2027) Learn More About the
Report _at_ https//www.industryarc.com/Report/116
96/green-solvents-biosolvents-market.html
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- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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