MarkNtel Advisors recently published a detailed industry analysis of the Green Solvent Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Green Solvent Market (2024-2030)
The Global Green Solvent Market is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2023-28.
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Global Green Solvent Market Key Driver:
Supporting Government Regulation for Green Solvent - The stringent regulation of the government to reduce carbon emissions from the environment is driving the market growth of green solvents during the historical years. Many countries, like Germany, the US, etc., have been restricting the use of synthetic solvents to reduce carbon emissions from various industries. In the European Union, the usage of various solvents has lowered, such as chloroform, 1,2-DCE, carbon tetrachloride, NMP, DMF, DMAc, benzene, hexane, 1,4-dioxane, 1,2-DME, diethyl ether, etc., due to their adverse effect on human health & the environment. Therefore, various sectors, such as pharmaceutical, chemical, cosmetic, etc., are adopting these solvents to follow government norms for reducing carbon footprints. Hence, the growing demand for environment-friendly solvents from industries to minimize the carbon footprint from the environment is driving the market growth.
What segments define the Green Solvent market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
-By Type
-Bio-alcohol
-Bio-ethanol
-Bio-methanol
-Bio-propanol
-Bio-butanol
-Bio-glycols
-Bio-based Propylene Glycol
-Bio-bases ethylene Glycol
-Bio-diols
-Ethyl Lactate
-D-lime Stone
-Methyl Soyate
-By Application
-Paint & Coatings
-Industrial & Domestic Cleaning
-Printing Inks
-Cosmetic
-Pharmaceutical
-Agriculture
-Other (Adhesive Sealant, Textile)
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Who are the leading key players shaping the Green Solvent Market landscape?
BASF SE, Stepan Company, DuPont, Akzoobel, Lyondell Basell, Cargill Incorporated, Florachem Corporation, Total Corbion PLA, Solvay, Vertical Biosolvent, GF Biochemicals, Astrobio, BIOMCN, Galactic, Others
Global Green Solvent Market Recent Development:
2022: Akzo Nobel acquires Grupo Orbis to expand & strengthen its presence in South America. This transition includes Pintuco paints & coatings, adhesive, and chemical businesses of the company.
2022: Solvay announced the production of its new generation green solvent Rhodiasolv IRIS, to offer a more sustainable solution in many industrial & agriculture applications. This solvent is expected to be also produced in 2023 in France.
Questions Addressed in this Study
1.What factors are driving the Green Solvent Market growth?
2.What are the key insights into the current trends in the Green Solvent Market?
3.What is the current size of the Green Solvent Market, and how is it projected to change in the future?
4.What is the future outlook for the Green Solvent Market in terms of technological advancements and market expansion?
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