Bio Solvents Market by Component, Application, Services, and Region- Forecast to 2027
The Bio Solvents market is expected to reach USD 219.0 million by 2027 from USD 159.8 million in 2018, at a CAGR of 6.5%.
The Global Bio Solvents Market Research Report 2021-2027 is a significant source of keen information for business specialist. A report published by Market Insights Reports is an overall investigation and thorough information in regards to the market size and market elements of the Bio Solvents. It furnishes the business outline with development, historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Bio Solvents market study gives extensive information which upgrades the agreement, degree, and use of this report. This is a latest report, covering the COVID-19 impact on the market.
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North America is expected to be the largest green & bio-solvents market during the forecast period, in terms of value and volume.
North America has conventionally been a strong market for green & bio-solvents. Globally, the North American market has been a leader with respect to demand as well as product innovation in terms of quality and application development. The key countries in the North American market are the US (the most dominant market, accounting for a significant market share), Canada, and Mexico. Although a small market, Mexico has witnessed promising demand that is expected to continue in the near future.
As the shale gas production increases, North American ethylene producers are increasingly shifting from petroleum-derived naphtha to lighter, natural gas-based feedstock. Sugars, glycerol, and other plant-derived products are emerging as economically competitive starting materials for a range of commodity chemicals. The US accounts for the maximum market share in the North American region, followed by other countries in the region. Many key players of the green & bio-solvents market are headquartered in the region. The versatile properties of various types of green & bio-solvents have resulted in high growth of the market in the past decades.
Top Companies in the Global Bio Solvents Market are – BASF SE, Huntsman Corporation, DowDuPont, Vertec BioSolvents Inc., Florida Chemical Company, Cargill Incorporated, Galactic, Gevo, Pinova Holdings INC, Myriant, LyondellBasell, Solvay, Akzo Nobel,
Bio Solvents Market Segmentation:
This report fragments the Global Bio Solvents Market based on Types are-
Bio-Glycols & Diols
Based on Application, the Global Bio Solvents Market are divided into-
Industrial & Domestic Cleaners
Paints & Coatings
Prime Takeaways on Bio Solvents Market Report:
- Value chain analysis, which is combined with competitive landscape of key players of the Bio Solvents market.
- Market size and forecast of the Bio Solvents market for the period from 2021 to 2027.
- Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
- CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
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Geographic Coverage of Bio Solvents Market Report-
The Bio Solvents report contains detailed country-level analysis, market revenue, market value and forecast analysis of Bio Solvents Market (2016-2027) of these regions are covered:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America (Brazil, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)
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The issue will also carry a focus on “mention the segments” there.
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