Global Green-Bio-based Solvents Market report from Global Insight Services is the single authoritative source of intelligence on Green-Bio-based Solvents Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Green-bio-based solvents are solvents that are made from renewable resources and have a lower impact on the environment than traditional solvents. These solvents are typically made from plant-based materials, such as corn or soybeans. Green-bio-based solvents can be used in a variety of applications, including cleaning, degreasing, and paint stripping. They are also used as ingredients in some cosmetics and personal care products.
Key Trends
There are four key trends in green-bio-based solvents technology:
- The use of renewable feedstocks: Green-bio-based solvents are made from renewable feedstocks such as plant oils and sugars. This reduces the reliance on fossil fuels and helps to reduce greenhouse gas emissions.
- The use of waste materials: Green-bio-based solvents can be made from waste materials such as used cooking oil. This reduces the amount of waste that goes to landfill and helps to reduce environmental pollution.
- The use of green chemistry: Green-bio-based solvents are made using green chemistry principles. This means that they are less harmful to the environment and are more sustainable.
- The use of advanced technologies: Green-bio-based solvents are made using advanced technologies such as supercritical fluid extraction. This makes them more efficient and reduces the amount of waste produced.
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Key Drivers
The key drivers of the Green-Bio-based Solvents market are the stringent environmental regulations, the need for sustainable and eco-friendly products, and the increasing awareness about the health and safety hazards associated with traditional solvents.
The traditional solvents are made from petroleum-based feedstock, which is not only non-renewable but also emits harmful greenhouse gases during their production.
These solvents are not only environmentally friendly but also have superior performance characteristics.
Restraints & Challenges
The key restraints and challenges in the Green-Bio-based Solvents market are the high cost of production and the lack of availability of raw materials.
The high cost of production is due to the need for sophisticated equipment and processes.
The lack of availability of raw materials is due to the limited supply of renewable resources.
Market Segments
The green-bio-based solvents market is segmented by type, application, and region. By type, the market is classified into bio-alcohol, bio-diols, and others. Based on the application, it is bifurcated into industrial, paints, coatings, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The green-bio-based solvents market includes players such as BASF SE, Cargill Inc., Clariant, DuPont, Huntsman Corp., LyondellBasell Industries Holdings B.V., OQ Saoc, Sasol, Solvay S.A, Vertec Biosolvents Inc., and others.
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