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A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titled Global Green Solvent Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Global Green Solvent Market Definition:
These solvents are generated from bio-based raw materials, which are biodegradable & have low toxicity as well as a less adverse effect on the environment. The adoption of green solvents is growing continuously in various industries such as pharmaceuticals, paints & coatings, cosmetics, etc., as these companies are working to reduce their carbon footprint from the environment & improve their sustainability processes.
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Global Green Solvent Market Insights:
The Global Green Solvent Market is projected to grow at a CAGR of around 7.0% during the forecast period, i.e., 2023-28.
See more information ODIdea.net
Global Green Solvent Market 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.
Global Green Solvent Market Leading Key Players:
BASF SE, Stepan Company, DuPont, Akzoobel, Lyondell Basell, Cargill Incorporated, Florachem Corporation, Total Corbion PLA, Solvay, Vertical Biosolvent, GF Biochemicals, Astrobio, BIOMCN, Galactic, Check for other companies (LyondellBasell, Dow, Gevo, etc.) Others
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Global Green Solvent Market Segmentation:
Based on 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
Based on Application
– Paint & Coatings
– Industrial & Domestic Cleaning
– Printing Inks
– Cosmetic
– Pharmaceutical
– Agriculture
– Other (Adhesive Sealant, Textile)
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Global Green Solvent Market Geographical Analysis
By Region
– North America
– South America
– Europe
– The Middle East & Africa
– Asia-Pacific
Recent Development of Global Green Solvent Market:
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.
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MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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