Dublin, Oct. 20, 2023 (GLOBE NEWSWIRE) -- The "Green and Bio-Solvents Market based on by Type and Application and Region - Trends & Forecast - 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The green/bio-based solvents market in Asia-Pacific, which accounted for 21% of global sales in 2020, is expected to rise at the highest CAGR of 7.8% during the forecast period.
This is explained by the rise in demand for markets in Asia-Pacific for paints and coatings, ink production, industrial, cosmetics, and medicinal products, among other things.
The paint and coatings industry in China is expanding quickly, which has encouraged producers to create high-quality green and bio-based solvents for use in dispersing the ingredients in paint formulations. Asia-Pacific is also a desirable market for businesses due to low labour costs, low startup costs for manufacturing facilities, and low market costs. These elements fuel the demand for green/bio-based solvents in this area.
The ester solvents category, which led the worldwide market in terms of type in 2020, is predicted to expand at a CAGR of 7.5% over the projected period. This is ascribed to a rise in interest in activities relating to personal hygiene, where green/bio-based ester solvents are frequently utilised as intermediates in the production of detergents, industrial cleaning agents, and other goods. The ester solvents market section in the overall green/bio-based solvents industry may increase as a result of this.
- This report illustrates the most vital attributes of the Green and Bio-Solvents Market, which are driving and providing opportunities.
- This research gives an in-depth analysis of the Green and Bio-Solvents Market growth on the basis of several segments in the market.
- This report presents the predictions of the past and present trends of the Green and Bio-Solvents Market.
- This study also presents the competitive analysis, such as key strategies and capabilities of major players of the Green and Bio-Solvents Market.
Companies Covered
- BASF Se
- Cargill Inc.
- Clariant
- Dupont
- Huntsman Corp
- Lyondellbasell Industries Holdings B.V.
- Oq Saoc
- Sasol
- Solvay S.A
- Vertec Biosolvents Inc.
Key Topics Covered:
1. Executive Summary
2. Industry Outlook
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO - Impact Analysis
5. Type: Market Size & Analysis
5.1. Overview
5.2. Ester Solvents
5.3. D-Limonene
5.4. Alcohols, Glycols & Diols Solvents
5.5. Others
6. Application: Market Size & Analysis
6.1. Overview
6.2. Paints and Coatings
6.3. Adhesives & Sealants
6.4. Printing Ink
6.5. Industrial & Domestic Cleaners
6.6. Others (Pharmaceutical and personal care)
7. Geography: Market Size & Analysis
7.1. Overview
7.2. North America (U.S., Mexico, Canada)
7.3. Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia, Rest of Europe)
7.4. Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of APAC)
7.5. Latin America (Brazil, Argentina)
7.6. Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East and Africa)
8. Competitive Landscape
8.1. Competitor Comparison Analysis
8.2. Market Developments
8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
8.2.2. Product Launches and execution
9. Vendor Profiles
10. Analyst Opinion
11. Annexure
For more information about this report visit https://www.researchandmarkets.com/r/f4my56
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