New York, According to a new market research report published by Global Insight Services “Green-Bio-based Solvents Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Green-bio-based solvents are solvents that are made from renewable resources and have a lower impact on the environment than traditional solvents. These solvents are typically made from plant-based materials, such as corn or soybeans. Green-bio-based solvents can be used in a variety of applications, including cleaning, degreasing, and paint stripping. They are also used as ingredients in some cosmetics and personal care products.
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Key Trends
There are four key trends in green-bio-based solvents technology:
1. The use of renewable feedstocks: Green-bio-based solvents are made from renewable feedstocks such as plant oils and sugars. This reduces the reliance on fossil fuels and helps to reduce greenhouse gas emissions.
2. The use of waste materials: Green-bio-based solvents can be made from waste materials such as used cooking oil. This reduces the amount of waste that goes to landfill and helps to reduce environmental pollution.
3. The use of green chemistry: Green-bio-based solvents are made using green chemistry principles. This means that they are less harmful to the environment and are more sustainable.
4. The use of advanced technologies: Green-bio-based solvents are made using advanced technologies such as supercritical fluid extraction. This makes them more efficient and reduces the amount of waste produced.
Key Drivers
The key drivers of the Green-Bio-based Solvents market are the stringent environmental regulations, the need for sustainable and eco-friendly products, and the increasing awareness about the health and safety hazards associated with traditional solvents.
The traditional solvents are made from petroleum-based feedstock, which is not only non-renewable but also emits harmful greenhouse gases during their production.
These solvents are not only environmentally friendly but also have superior performance characteristics.
Market Segments
The green-bio-based solvents market is segmented by type, application, and region. By type, the market is classified into bio-alcohol, bio-diols, and others. Based on the application, it is bifurcated into industrial, paints, coatings, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The green-bio-based solvents market includes players such as BASF SE, Cargill Inc., Clariant, DuPont, Huntsman Corp., LyondellBasell Industries Holdings B.V., OQ Saoc, Sasol, Solvay S.A, Vertec Biosolvents Inc., and others.
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Reasons to buy Green-Bio-based Solvents Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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