Green Solvent Market Report, Growth Rate, Industry Share 2021, Forecast Till 2027

Precision Business Insights published a research report on “Global Green Solvent Market: By Type (Alcohols, Glycols, Soy Methyl Ester, D-Limonene, Lactate Ester, Others), By Application (Paints and Coatings, Adhesives, Metal Cleaning/Industrial Cleaners, Printing Inks, Pharmaceuticals, Others) and Geography- Global/Region/Country Forecast to 2027”. The global green solvent market anticipated to be valued at US$ XX Mn in the year 2020 and expected to grow at considerable CAGR rate over the 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and --other qualitative sections with an in-depth TOC on “Global Cosmetic Dentistry Market: By Product Type (Dental Systems & Equipment, Dental Radiology Equipment, Dental Implants, Dental Veneers, Dental Crowns, Dental Bridges, Bonding Agents, Orthodontic Appliances, Inlays and Onlays), and Geography- Global/Region/Country Forecast to 2027”.

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Growing awareness among customers about green products use is fuelling the Global Green Solvent Market
Green solvents and bio solvents are derived from natural sources like fruits, seeds, plants and several others. Solvents help in many ways like facilitates better mixing, heat management, and influence on rate of reaction, dissolve solids, improve viscosity and separation science. Solvents are used in paints without any problem to dissolve varied elements employed to formulate paints counting resin and pigment, hence creating it as the most suitable candidate for the application. In addition, green solvent based automotive paint is toxic in negligible amount in arrears to VoC free as well as supporting paint durability. Green solvents find a huge range of application in different sectors like printing inks, coatings, paints, metal cleaning/industrial cleaners, adhesives as well as pharmaceuticals. Coatings and paints is the major product type and are anticipated to create a demand for green solvents in upcoming years. Such products are usually used to protect machines and equipment from corrosion as well as rusting.

Emergent automotive industry and increasing per capita income of customers completely influences the market growth. There are several factors greatly contribute towards the market growth such as dangerous VOCs effects taking place in the environment and growing consciousness amid customers about the green product use. Furthermore, increasing usage of green solvents in different end users like coating and paints fuels the Green Solvent Market growth. In addition, there are a few factors hinder the market growth such as high price involved in the green solvents production and unpredictable price of crude oil.

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North America Witnesses Larger Revenue Share in the Global Green Solvent Market
North America is leading the global market witnessing significant share of XX% in the marketplace. North America market is mainly fuelled by countries of this region such as U.S and Canada. This region witnesses fast growth further due to the growing automotive sector and stringent government rules regarding VoC emissions. One of the major factors chiefly driving the Europe green solvents market is the occurrence of leading automotive manufacturing in Germany and France. Furthermore, growing activities in industries such as construction and building and fast development has completely enhanced the Asia Pacific market growth.

Competitive Analysis - Global Green Solvent Market
Major players profiled in the global green solvent market are Huntsman, BASF, Solvay, Dow Chemical, Cargill, DuPont, Gevo, Vertec, Myriant, Lyondellbasell and Bio Amber.

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