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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Green Solvent Market size was valued at US$ 4,132.7 billion in 2023, growing at a CAGR of 6.3% from 2024-2030. The global market provides a detailed overview of the global green solvent market, and that can be segmented by type and by application. By type, the global green solvent market has been segmented into Alcohols, Glycols, Soy Methyl Ester, D-Limonene, Lactate Ester, and Others. The ester solvents segment is likely to be the largest and fastest-growing segment in terms of type in 2021 and is expected to maintain the trend in the upcoming years. It is attributed to various applications in manufacturing detergents, industrial cleaning agents, and other products. Based on application, the global green solvent market is segmented into Paints and Coatings, Adhesives, Metal Cleaning/Industrial Cleaners, Printing Inks, Pharmaceuticals, and Others. Among these, the Paints and Coatings segment is expected to have the fastest-growing market during the forecast period. according to Precision Business Insights. It is attributed to the growing construction sector and sustained economic growth in the world. Green solvents & bio solvents are a derivative of natural sources such as plants, fruits, seeds, and many others. Solvents aid in improving viscosity, facilitate better mixing, influence on rate of reaction, dissolving solids, separation science, heat management, and others. Growing consumer awareness regarding the use of green products and the dangerous influences of VOCs. The growing use of green solvents in various end users such as paints & coating and other factors will further boost the market growth.
Study Period
2024-2030Base Year
2023CAGR
6.3%Largest Market
Asia-PacificFastest Growing Market
North-America
Growing construction industry and various applications in paints and coating industry are anticipated to propel the market growth over the forecast years.
Asia Pacific region is expected to witness the highest market share during the forecast period it holds a tremendous potential market for global green solvent.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4,132.7 billion |
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Market CAGR |
6.3% |
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By Type |
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By Application |
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By Region |
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The green solvent market size was valued at US$ 4,132.7 million in 2023
The green solvent market key players are: Huntsman BASF Solvay Dow Chemical Cargill DuPont Gevo Vertec Myriant Lyondellbasell Bio Amber
The green solvent market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.