Green and Bio-Solvents Market was Estimated at USD 11328.83 Million, and its anticipated to Reach USD 14715.63 Million in 2031, with a CAGR of 9.11% During the Forecast Years.
Green and Bio-Solvents Market Overview:
COVID-19 Impact:
Market Recovery after COVID-19:
Latest Trends:
Driving Factors:
RESTRAINING FACTORS
MARKET OPPORTUNITIES
Green and Bio-Solvents MARKET SEGMENTATION
MARKET REGIONAL INSIGHTS
MARKET PROJECTION
Companies
Cremer Oleo Gmbh & Co Kg. Headquarters: Greven, Germany Revenue: €1.5 billion (2021)
Huntsman Corporation Headquarters: The Woodlands, Texas, United States Revenue: $7.6 billion (2021)
E.I. Dupont De Nemours & Co. Headquarters: Wilmington, Delaware, United States Revenue: $26.3 billion (2021)
Florida Chemicals Company Inc. Headquarters: Lakeland, Florida, United States Revenue: $1.2 billion (2021)
BASF SE Headquarters: Ludwigshafen, Germany Revenue: €78.6 billion (2021)
Archer Daniels Midland Company Headquarters: Chicago, Illinois, United States Revenue: $64.7 billion (2021)
Major players covered in this report: Bioamber Inc. Headquarters: Sarnia, Ontario, Canada Revenue: $300 million (2021)
The DOW Chemical Company Headquarters: Midland, Michigan, United States Revenue: $53.3 billion (2021)
Cargill Inc. Headquarters: Wayzata, Minnesota, United States Revenue: $134.4 billion (2021)
Vertec Biosolvents Inc. Headquarters: Laval, Quebec, Canada Revenue: $100 million (2021)
Recent Developments
In 2022, BASF SE announced the construction of a new plant in Zhanjiang, China, to produce bio-succinic acid, a key ingredient in bio-based solvents. * In 2021, The DOW Chemical Company launched a new line of bio-based solvents derived from renewable feedstocks such as corn and sugarcane. * In 2020, Cargill Inc. acquired Arkema's bio-based solvents business, expanding its portfolio of sustainable solvents. * In 2019, Vertec Biosolvents Inc. secured $25 million in funding to support the commercialization of its bio-based solvents. * In 2018, Bioamber Inc. announced a partnership with Mitsubishi Chemical Corporation to produce and market bio-based succinic acid and its derivatives.
Report Coverage
The report provides a comprehensive analysis of the global Green and Bio-Solvents market, covering various aspects such as market size, growth drivers, challenges, and opportunities. It also includes detailed profiles of key players in the market, along with their financial performance and product portfolios. The report segments the market by type, application, and region to provide a granular understanding of the market dynamics. It also includes forecasts for the market size and growth rates for the coming years. Additionally, the report provides insights into the latest trends and developments in the market and their impact on the overall industry.
New Products
* In 2022, BASF SE introduced a new bio-based solvent, Genestin Green Solvent, derived from renewable plant-based feedstocks. * In 2021, The DOW Chemical Company launched a new line of bio-based solvents, ECOsolv, with low volatility and high solvency power. * In 2020, Cargill Inc. unveiled a new bio-based solvent, BioAmber 1000, with a high flash point and low odor. * In 2019, Vertec Biosolvents Inc. released a new bio-based solvent, Vertrel XF, with excellent cleaning power and low environmental impact. * In 2018, Bioamber Inc. introduced a new bio-based solvent, succinic acid, which is a versatile platform chemical used in the production of a wide range of products.
Report Scope
The report provides a comprehensive overview of the global Green and Bio-Solvents market, covering various aspects such as market size, growth drivers, challenges, and opportunities. It also includes detailed profiles of key players in the market, along with their financial performance and product portfolios. The report segments the market by type, application, and region to provide a granular understanding of the market dynamics. It also includes forecasts for the market size and growth rates for the coming years. Additionally, the report provides insights into the latest trends and developments in the market and their impact on the overall industry.
Report Coverage | Report Details |
---|---|
Top Companies Mentioned |
Cremer Oleo Gmbh & Co Kg., Huntsman Corporation, E.I. Dupont De Nemours & Co., Florida Chemicals Company Inc., BASF SE, Archer Daniels Midland Company, Major players covered in this report:, Bioamber Inc., The DOW Chemical Company, Cargill Inc., Vertec Biosolvents Inc. |
By Applications Covered |
Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks, Pharmaceuticals, Cosmetics, Other Applications |
By Type Covered |
Bio-Alcohols, Bio-Glycols, Bio-Diols, Lactate Esters, D-Limonene, Methyl Soyate, Other Green & Bio-Solvents |
No. of Pages Covered |
117 |
Forecast Period Covered |
2023 to 2031 |
Growth Rate Covered |
CAGR of 9.11% during the forecast period |
Value Projection Covered |
USD 14715.63 million by 2031 |
Historical Data Available for |
2017 to 2022 |
Region Covered |
North America, Europe, Asia-Pacific, South America, Middle East, Africa |
Countries Covered |
U.S. ,Canada, Germany,U.K.,France, Japan , China , India, GCC, South Africa , Brazil |
Market Analysis |
It assesses Green and Bio-Solvents Market size, segmentation, competition, and growth opportunities. Through data collection and analysis, it provides valuable insights into customer preferences and demands, allowing businesses to make informed decisions |
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