Green Solvents Market Growth, Size, Share, Trends, Revenue, Scope and Future Competition 2032
Green Solvents Market Size- By Product, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Mar-2023 | Report ID: CHEM2351 | Pages: 1 - 234 | Formats*: |
| Category : Chemical & Materials | |||
Global Green Solvents Market Overview
According to SPER Market Research, the Global Green Solvents Market is estimated to reach USD 4.17 billion by 2032 with a CAGR of 8.77%.
Green solvents are made from agricultural products such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil, and others. Acetone, ethanol, methanol, 2-propanol, ethyl acetate, isopropyl acetate, methyl ethyl ketone, 1-butanol, tert-butanol, and others are the least toxic solvents. They are used as intermediates in the production of a variety of products, including detergents, cosmetics, paints and coatings, inks, adhesives and sealants, pharmaceuticals, and others. Green solvents, also known as environmentally friendly products, are by-products of the processing of agricultural goods. Environmentally friendly solvents come in a variety of forms, such as water, supercritical water, ionic liquids, and fluids.
As a result of favourable regulations and some rules established by the European Commission (EC), Eco-product Certification Scheme (ECS), and others in both developing and developed economies, where the product is applied to disperse or dissolve the compounds used in the paint production, the demand for eco-friendly paints and coatings has increased. This can be one of the key factors driving the product market upward. Also, the packaging industry has seen tremendous growth as a result of the increased demand for consumer products, where green solvent-based sealants and adhesives are used for bonding applications. These factors are anticipated to fuel market expansion throughout the anticipated period. The federal government's expanding emphasis on products made from bio-based materials has led to a surge in the product's appeal across a range of end-use industries. Green solvents including soybean oil, bio-succinic acid, distilled glycerine, lactic acid, maize, and others are extracted from agricultural sources.
Impact of COVID-19 on the Global Green Solvents Market
COVID-19 has temporarily halted several construction projects, reducing market demand in the building and construction industries. Nonetheless, increased medication sales have fuelled the rise of the pharmaceutical industry, where bio-based solvents are commonly employed as intermediates in drug formulations. This is expected to boost the performance of the green/bio-based solvents industry following the COVID-19 scenario. Because of its reliance on paints and coatings, ink production, adhesives and sealants, and other industries, the green/bio-based solvents business has suffered as a result of the COVID-19 epidemic. Numerous paints and coatings production enterprises have either shut down or reduced their operations owing to the danger of infection among the employees in areas where green/bio-based solvents are utilised to Soluble and disperse the components used in paint formulation. This has momentarily impacted market demand during the COVID-19 timeframe.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By End Use |
| Regions covered | Asia Pacific, Europe, Middle East and Africa,North America, Latin America |
| Companies Covered | BASF SE, DuPont, Dow, Cargill, Incorporated, Gevo, AkzoNobel, LyondellBasell N.V. |
Target Audience:
- Tablet Manufacturing Agents
- Excipient Industry
- Vaccine Delivery Agents
- Pharmaceutical Industry
Global Green Solvents Market Segmentation:
1. By Product:
- Bio-Alcohol
- Bio-Glycols
- Lactate Esters
- D-Limonene
- Methyl Soyate
2. By End Use:
- Chemical Intermediate
- Pharmaceuticals
- Printings Inks
- Paints and Coating
- Cosmetics & Personal Care
3. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Green Solvents Market Size (FY’2019-FY’2032)
- Overview of Global Green Solvents Market
- Segmentation of Global Green Solvents Market By Product (Bio-Alcohol, Bio-Glycols, Lactate Esters, D-Limonene, Methyl Soyate, Others)
- Segmentation of Global Green Solvents Market By End Use (Chemical Intermediate, Pharmaceuticals, Printings Inks, Paints and Coating, Cosmetics & Personal Care, Others)
- Statistical Snap of Global Green Solvents Market
- Growth Analysis of Global Green Solvents Market
- Problems and Challenges in Global Green Solvents Market
- Competitive Landscape in the Global Green Solvents Market
- Impact of COVID-19 and Demonetization on Global Green Solvents Market
- Details on Recent Investment in Global Green Solvents Market
- Competitive Analysis of Global Green Solvents Market
- Global Green Solvents Market Key Players
- SWOT Analysis of Global Green Solvents Market
- Global Green Solvents Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s2.2 Market size estimation2.2.1 Top-down and Bottom-up approach2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges4.2. COVID-19 Impacts of the Global Green Solvents Market
5. Market variables and outlook
5.1. SWOT analysis5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats5.2. PESTEL analysis5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape5.3. PORTER’S five forces analysis5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Green Solvents Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Green Solvents Market
7. Global Green Solvents Market, By Product, 2019-2032 (USD Million)
7.1 Bio-Alcohol7.1.1 Bio-Ethanol7.1.2 Bio-Menthol7.1.3 Others bio-Alcohols7.2 Bio-Glycols7.3 Lactate Esters7.4 D-Limonene7.5 Methyl Soyate7.6 Others
8. Global Green Solvents Market, By End Use, 2019-2032 (USD Million)
8.1 Chemical Intermediate8.2 Pharmaceuticals8.3 Printings Inks8.4 Paints and Coating8.5 Cosmetics & Personal Care8.6 Others
9.Global Green Solvents Market, By Region, 2019-2032 (USD Million)
9.1 Global Green Solvents Market and Market Share by Region (2019-2025)9.2 Global Green Solvents Market and Market Share by Region (2026-2032)9.3 Asia-Pacific9.3.1 Australia9.3.2 China9.3.3 India9.3.4 Japan9.3.5 South Korea9.3.6 Rest of Asia-Pacific9.4 Europe9.4.1 France9.4.2 Germany9.4.3 Italy9.4.4 Spain9.4.5 United Kingdom9.4.6 Rest of Europe9.5 Middle East and Africa9.5.1 Kingdom of Saudi Arabia9.5.2 United Arab Emirates9.5.3 Rest of Middle East & Africa9.6 North America9.6.1 Canada9.6.2 Mexico9.6.3 United States9.7 Latin America9.7.1 Argentina9.7.2 Brazil9.7.3 Rest of Latin America
10.Company Profiles
10.1 BASF SE10.1.1 Company details10.1.2 Financial outlook10.1.3 Product summary10.1.4 Recent developments10.2 DuPont10.2.1 Company details10.2.2 Financial outlook10.2.3 Product summary10.2.4 Recent developments10.3 Dow10.3.1 Company details10.3.2 Financial outlook10.3.3 Product summary10.3.4 Recent developments10.4 Cargill10.4.1 Company details10.4.2 Financial outlook10.4.3 Product summary10.4.4 Recent developments10.5 Incorporated10.5.1 Company details10.5.2 Financial outlook10.5.3 Product summary10.5.4 Recent developments10.6 Gevo10.6.1 Company details10.6.2 Financial outlook10.6.3 Product summary10.6.4 Recent developments10.7 AkzoNobel10.7.1 Company details10.7.2 Financial outlook10.7.3 Product summary10.7.4 Recent developments10.8 LyondeBasell N.V10.8.1 Company details10.8.2 Financial outlook10.8.3 Product summary10.8.4 Recent developments
11.List of Abbreviations
12.Reference Links
13.Conclusion
14.Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Green Solvents Market is projected to reach USD 4.17 billion by 2032, growing at a CAGR of 8.77% during the forecast period.
Green Solvents Market grew in market size from 2021. The Market is expected to reach USD 4.17 billion by 2032, at a CAGR of 8.77% during the forecast period.
Green Solvents Market CAGR of 8.77% during the forecast period.
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Green Solvents Market size is USD 4.17 billion from 2022 to 2032.
Green Solvents Market Segment is Covered By Product, By End Use
The North America region is anticipated to have the highest market share in Green Solvents Market.
The key players in the market include Companies Covered BASF SE, DuPont, Dow, Cargill, Incorporated, Gevo, AkzoNobel, LyondellBasell N.V.
Green solvents are made from agricultural products such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil, and others. Acetone, ethanol, methanol, 2-propanol, ethyl acetate, isopropyl acetate, methyl ethyl ketone, 1-butanol, tert-butanol, and others are the least toxic solvents.
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