“Global Green and Bio Solvents Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global Green and Bio Solvents market. Green and bio-solvents refer to chemical substances derived from the processing of agricultural crops, such as sugarcane, corn, lactic acid, bio-succinic, soybean oil, and refined glycerin. They are widely available in water- and hydrocarbon-based variants. They have a high boiling point, minimal odor, excellent recyclability, negligible toxicity, and low miscibility. Compared to the traditionally used petrochemical solvents, they are more sustainable, environment-friendly, and generate fewer volatile organic compounds (VOCs) during manufacturing and handling. As a result, green and bio-solvents find extensive applications across various industries, including agrochemicals, pharmaceuticals, adhesives and sealants, paints and coatings, cosmetics and personal care, printing inks, and household cleaning products.
The escalating demand for environment-friendly solvents due to the significant shift from petrochemical and fuel products toward renewable resources represents the primary factor driving the market growth. Besides this, the rising popularity of green solvents as an alternative to synthetic solvents, such as acetone, xylene, and toluene, on account of their non-carcinogenic, non-corrosive, and non-ozone-depleting properties is another major growth-inducing factor. Additionally, there has been widespread adoption of green and bio-solvents in the agriculture sector to improve the yield, enhance product quality, and reduce overall production costs. In line with this, the growing demand for paints and coatings owing to the increasing construction activities has accelerated the adoption of green and bio-based solvents. Furthermore, the ongoing research and development (R&D) activities and recent advancements in production technologies are offering lucrative opportunities to the market players. Other factors, including the expanding pharmaceutical industry, favorable government policies, rising environmental concerns, surging demand for consumer products, and shifting focus toward sustainable development, are also anticipated to propel the market growth.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the Green and Bio Solvents market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the Green and Bio Solvents market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the Green and Bio Solvents market in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the Green and Bio Solvents Industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the Green and Bio Solvents Industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the Green and Bio Solvents Industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the Green and Bio Solvents Industry. Furthermore, the value chain analysis of the Green and Bio Solvents Industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global Green and Bio Solvents Market
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the Green and Bio Solvents Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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