Press release
Green Solvents Market Size, Share, Trends, Analysis Report and Forecast 2024-2032
Green Solvents Market
According to the report by Expert Market Research (EMR), the global green solvents market size grew substantially in 2023. Aided by the escalating demand for eco-friendly materials and the increasing applications of green solvents in various industries, the market is projected to further grow at a CAGR of 7% between 2024 and 2032.
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Green solvents, often termed as bio-solvents, are environmentally friendly solvents derived from biomass, such as plants, trees, or fruits. These solvents are gaining popularity due to their low toxicity, low volatile organic compounds content, high biodegradability, and non-ozone depleting properties. Aside from their eco-friendly attributes, green solvents also offer excellent dissolving power, making them invaluable in numerous industrial applications, including paints and coatings, adhesives, pharmaceuticals, and cleaning products.
The growing consumer awareness towards environmental sustainability is a significant driver propelling the global green solvents market growth. Amid increasing concerns over air pollution and ozone layer depletion, there has been a paradigm shift towards eco-friendly alternatives, leading to a surge in demand for green solvents. Additionally, stringent governmental regulations and initiatives promoting the use of green materials have further spurred the popularity of green solvents.
The broadening applications of green solvents in various industries also play a pivotal role in boosting the green solvents market demand. In the paints and coatings sector, green solvents are used for their excellent solvent properties and minimal environmental impact. The pharmaceutical sector employs green solvents due to their low toxicity, which is vital in drug formulation and development. The cleaning products sector values green solvents for their effective cleaning capabilities without harming the environment or the user's health.
Moreover, the burgeoning demand for bio-based products in various sectors has led to an increased emphasis on green solvents as a sustainable option. With the advent of the green revolution and the rising popularity of circular economy models, green solvents have surfaced as a key player in the formulation of bio-based paints, adhesives, cleaning agents, and more, thereby contributing to the green solvents market expansion.
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/green-solvents-market
Green Solvents Market Segmentation
The market can be divided based on product, end use, and region.
Market Breakup by Product
Bio-Alcohols
Bio-Glycols
Lactate Esters
D-Limonene
Methyl Soyate
Others
Market Breakup by End Use
Chemical Intermediate
Pharmaceuticals
Printing Inks
Paints and Coatings
Cosmetics and Personal Care
Others
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global green solvents companies. Some of the major key players explored in the report by Expert Market Research are as follows:
The Dow Chemical Company
Cargill, Incorporated
Clariant International Ltd.
Bio Brands LLC
Archer Daniels Midland Company
Corbion NV
CREMER OLEO GmbH & Co. KG
Vertec BioSolvents Inc.
Florachem Corp.
Solvay S.A.
Stepan Company
Gemtek Products
Others
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