The Green and bio based solvents are chemical subtract which are obtained from agriculture sources such as vegetable oil, corn, lactic acid, acid, refined glycerin, and beet. Green & bio-based solvents are manufactured in biorefinery by biomass conversion process. These are non-carcinogenic, eco-friendly, biodegradable, recyclable, and non-corrosive solvents. Green & Bio-Based Solvents have various properties such as low miscibility, low toxicity, and high boiling point that increase their popularity than conventional solvents.
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Top Key Players/Manufacturers of Global Green & Bio-Based Solvents Market:
- BASF SE, Archer Daniels Midland Company, Bioamber Inc., The DOW Chemical Company, Huntsman Corporation, E.I. Dupont De Nemours & Co., Vertec Biosolvents Inc. Florida Chemicals Company Inc., Cargill Inc.and Cremer Oleo Gmbh & Co Kg.
Global Green & Bio-Based Solvents Market Production Breakdown Data by Top Regional scope:
· NorthAmerica
· Asia Pacific
· Europe
· Latin America
· Middle East
By Drivers, Global Green & Bio-Based Solvents Market is Primarily split into:
- Increase in demand for green and bio-based solvents in various sectors such as paints & coatings, pharmaceuticals are expected to boost the global green & bio-based solvents market growth. Furthermore, reduced dependency on petrochemical solvents will have the positive impact on global green & bio-based solvents market growth. Moreover, green & bio-based solvents are act as alternative solvents for traditional hydrocarbon solvents which are expected to propel the global green & bio-based solvents market growth, over the forecast period. In addition to that increase in usage of green and bio based solvents in various sectors such as adhesive & sealant, printing inks, industrial and domestic cleaning which is expected to fuel the global green and bio based solvents market growth, over the forecast period.
Market Segmentation:
· Global Green & Bio-Based Solvents Market is segmented into types such as Esters (Lactate Esters, Methyl Esters, and Others), Alcohols, diols, & glycols (Solketal, and Isobutanol), by sources such as vegetable oil, corn, lactic acid, bio-succinic acid, refined glycerin, and beet.Further, Global Green & Bio-Based Solvents Market is segmented into application such as Paints & Coatings, Adhesives & Sealants, Printing Ink, Industrial, Domestic Cleaners, and Others.
· Also, Global Green & Bio-Based Solvents Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
By Types:
- Esters Lactate Esters Methyl
- Esters Others
- Alcohols, diols
- glycols Solketal Isobutanol
By Source:
- Vegetable oil Corn
- Lactic acid
- Bio-succinic acid
- Refined glycerin Beet
By Application:
· Paints
· Coatings Adhesives
· Sealants Printing Ink Industrial Domestic Cleaners Others
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