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" Green Solvents: Technologies, Emerging Opportunities and Markets" is about eco-friendly solvents made from renewable resources like plants. These solvents are used in various industries, such as paints, cosmetics, and cleaning products, to reduce environmental impact. The market for these green solvents is growing because they help lower pollution and dependence on fossil fuels.
" BOSTON , Nov. 12, 2024 /PRNewswire/ -- "According to the latest study from BCC Research, Green Solvents: Technologies, Emerging Opportunities and Markets , the demand for green solvents reached $4.5 billion in 2023 and is expected to grow from $4.
9 billion in 2024 to $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029.
" This report examines the global market for green solvents by dividing it into segments based on material, application, and region. The analysis covers data from 2023 and provides market estimates from 2024 to 2029, measuring both volume (in kilo tons) and revenue (in millions of dollars). Materials include bio-based alcohols, D-limonene, fatty acid methyl esters (FAME), and lactate esters, with bio-based alcohols sub segmented into types like bioethanol and glycerol.
These solvents are primarily used in the paints, cosmetics, cleaning product, and pharmaceutical industries. The report also breaks down the market by region, focusing on North America , Europe , Asia-Pacific , and other regions. Interesting and surprising facts: The growing popularity of bio-based coatings and the need to reduce volatile organic compounds (VOCs) are major reasons behind the expanding market for green solvents.
More companies are choosing to use green solvents, a shift largely driven by increased environmental awareness, stricter regulations, and changing consumer preferences for sustainable products. Factors contributing to this growth include: Request a Sample Copy of the report Green Solvents: Technologies, Emerging Opportunities and Markets Report Synopsis This report addresses the following questions: 1. What are the projections for the market? The market is projected to grow from $4.
5 billion in 2023 to $7.7 billion in 2029 at a CAGR of 9.3% during the forecast period.
2. What are the factors driving the growth of the market? Increasing demand for bio-based coatings. Stringent environmental regulations.
Increasing use of green solvents by end-users. 3. What segments are covered in the market? The green solvents market is segmented by material, application, and region.
4. Which material will dominate the market by the end of 2029? The bio-based alcohol, glycol, and diols segment will dominate in terms of value. 5.
Which region has the highest market share in the market? North America holds the highest share of the market by value, due to the presence of green solvent manufacturing companies, technological advances, and stringent regulations on the use of petroleum-based solvents. Leading companies include: ADM ASTROBIO BASF BIO BRANDS LLC. BRASKEM CARGILL INC.
CORBION DOW LYONDELLBASELL INDUSTRIES HOLDINGS B.V. SOLVAY Related reports: Sustainable Packaging: Global Markets : The demand for eco-friendly packaging materials is growing worldwide.
Sustainable packaging is made from renewable, recyclable, or biodegradable materials that are better for the environment. As consumers and businesses become more aware of environmental issues, they are choosing packaging that reduces waste and pollution. This shift is driving companies around the world to adopt greener packaging solutions, creating a booming global market for sustainable packaging.
Global Bio-based Composite Material Market : The worldwide market for materials made from natural, renewable sources such as plants, instead of synthetic or non-renewable materials is booming. These bio-based composites are used in the automotive, construction, and packaging industries because they are strong, lightweight, and better for the environment. As more companies seek sustainable alternatives to traditional materials, the demand for bio-based composites is growing, creating a larger global market for these eco-friendly products.
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