Green-Bio-based Solvents Market Analysis and Forecast 2030 Strategic Segmentation and Emerging Growth Opportunities

According to a report published by Allied Market Research, the global green/bio-based solvents market was valued at $3.8 billion in 2020 and is projected to reach $6.2 billion by 2030, registering a CAGR of 5.0% from 2021 to 2030.

The report offers a comprehensive analysis of key investment pockets, top-winning strategies, market size and forecasts, competitive landscape, and evolving market trends. It also highlights major drivers, restraints, and emerging opportunities shaping the industry.

Download Sample Pages of Research Overview:
https://www.alliedmarketresearch.com/request-sample/81

Market Drivers, Challenges, and Opportunities:-

The growth of the green/bio-based solvents market is primarily driven by:

- Extensive use of green solvents as intermediates in industries such as inks, paints & coatings, detergents, cosmetics, adhesives, pharmaceuticals, and others

- Rising global demand for consumer goods

- Stringent environmental regulations and certification frameworks, including the Eco-product Certification Scheme (ECS) and European Commission regulations promoting eco-friendly paints and coatings

However, the high production cost of green/bio-based solvents remains a key challenge, limiting widespread adoption to some extent.

On the positive side, rapid expansion of the global packaging industry is expected to create lucrative growth opportunities for market players in the coming years.

Market Segmentation Insights:-

By Type:

- The esters solvents segment dominated the market in 2020, accounting for nearly two-thirds of the total revenue.

- The D-Limonene segment is projected to register the fastest CAGR of 5.9% during the forecast period.

By Application:

- The paints & coatings segment held the largest market share in 2020, contributing more than two-fifths of the global market.

- The adhesives & sealants segment is expected to witness the fastest growth, registering a CAGR of 5.3% during the forecast period.

By Region:

- North America accounted for the largest market share in 2020, capturing more than one-third of the global market.

- Asia-Pacific is anticipated to grow at the fastest pace, with a CAGR of 6.5% through 2030.

Key Market Players:-

Prominent players operating in the global green/bio-based solvents market include:

- BASF SE
- Cargill Inc.
- Clariant
- DuPont
- Huntsman Corp
- LyondellBasell Industries Holdings B.V.
- OQ SAOC
- Sasol
- Solvay S.A
- Vertec Biosolvents Inc.

These companies are focusing on strategic collaborations, product innovation, and sustainability initiatives to strengthen their market position and expand their global footprint.

Obtain Report Details: https://www.alliedmarketresearch.com/green-solvents-bio-solvents-market

Contact:

David Correa

United States

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int'l: +1-503-894-6022

Toll Free: +1-800-792-5285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

About Us

Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.