Global Green Solvents Market

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Global Green Solvents Market grow at a CAGR of
6.6 during forecast 2019-2026 The global green
solvents market was valued at USD 4.3 billion in
2018 and is expected to reach USD 7.3 billion in
2026, growing at a CAGR of 6.6 during the
forecast period. The global green solvents
market during the forecast period is expected to
have a positive influence on the high demand for
renewable solvents from the end-use industries.
Essentially, solvents are additives, which are
blended with other substances to produce new
material. Growing health and environmental
concerns among the consumers regarding the usage
of conventional solvents are anticipated to play
a significant role in the growth of the global
green solvents market. Get Exclusive Sample Copy
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The conventional solvent market is negatively
affected by the volatile prices of crude oil and
it will lead to the growth of the green solvents
market. Increasing the application of green
solvents in various industries over the past few
years is also anticipated to drive the global
market. Rebounding the global economy during the
forecast period is presumed to assist green
solvent end-use industries such as construction,
coating, cleaning products, industrial
applications, toiletries, and cosmetics. Growing
concerns of consumers regarding high VOC
contents of conventional solvent has led them to
shift their preference in favour of green
solvents. Moreover, increasing investment of
industry participants in RD initiatives to
develop cheaper and superior green solvents and
implementation of several rules and regulations
by the Government and Environmental Protection
Agency (EPA) in favouring green solvents are
expected to boost the growth of green solvents
during the forecast period. The global market is
expected to receive more support from efforts
like the Montreal Protocol to protect the
environment. Green solvents are organic solvents
or bio-solvents produced from agricultural
processing. They have been developed as a
friendly solvent alternating with petrochemical
solvents in the environment. Solvents are
classified into two types, which are water-based
and hydrocarbon-based. They are consists of
characteristics, which are used to develop green
and efficient chemical processes. Due to their
environmental friendliness, they are becoming
increasingly important. Green solvents are mostly
used in analytical chemistry, synthetic
chemistry, and crystallization in the chemical
industry. For Other Requirement_
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he esters segment expected to grow at the CAGR of
8.3 during the forecast period Based on type,
the global green solvents market has been
segmented into esters,
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alcohols, diols glycols, d-limonene, and
others. The esters segment expected to grow at
the highest CAGR of 8.3 during the forecast
period. Due to its large application range,
comparatively small prices than other green
solvents and easy accessibility, the use of
esters in the overall market for green solvents
is higher during the forecast period. Based on
application, the paints coating segment is
expected to lead during the forecast
period Based on application, the market has been
segmented into paints coatings, adhesives
sealants, printing ink, and industrial domestic
cleaners. The paints coating segment accounted
for almost 40 market share in 2018. The adoption
of green solvents in the paint and coating
industry leads to increasing environmental
concerns in combination with growing consumer
awareness of eco-friendly products. The paints
coating segment accounted for the largest share
in the market in 2018. Owing to its low VOC
content, the green solvent is an ideal solution
for paints coatings applications. Again, green
solvents are not flammable that reduces its
storage handling charges and fire insurance
costs. Moreover, the manufacturing process of
green solvents paints coatings requires a lower
carbon footprint as they consume less
energy. Continue..... More Clear Details Make
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