The Renewable Solvents Market is expected to rise at annual rate 4.40% in the forecast period of 2021 to 2028 due to the rise in environmental awareness.
On the other hand, high cost of product and requirement of novel manufacturing technologies are expected to obstruct expected to obstruct the market growth in the above mentioned forecast period. Less popularity of the product in developing economies is projected to challenge the renewable solvents market.
Renewable Solvents Market Scenario
According to Data Bridge Market Research, the market for the renewable solvents market is escalating due to the rise in the number of construction activities and the growth of the paints and coatings industry. Additionally, the increase in the urban population coupled with increased disposable income positively affects the renewable solvents market.
Furthermore, the rise in the demand for industrial cleaners extends profitable opportunities to the market players.
Now the question is, which are the other regions that the renewable solvents market is targeting? Data Bridge Market Research has estimated North America dominates due to the surge in concerns regarding environmental pollution leading to the implementation of stringent regulations and industrial norms on traditional petroleum-based solvents within the region. Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028, due to the growth of the paints and coatings industry along with the implementation of stringent government norms in the region.
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Renewable Solvents Market Scope
The renewable solvents market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country-based analysis renewable solvents market is further analyzed based on maximum granularity into further segmentation. The renewable solvents market based on source has been segmented into agriculture, and forestry. Based on raw material type, the renewable solvents market is segmented into cellulose, starch, and oil. On the basis of solvent type, the renewable solvents market is segmented into ethanol, ethyl acetate, ethyl lactate, 1,3-butylene glycol, green acetals, ethyl levulinate, 2-methyltetrahydrofuran, bio- methanol, bio- butanol, levoglucosenone, and dimethyl isosorbide. Based on function, the renewable solvents market is segmented into extraction, purification, cleaning, reaction medium, and others. Renewable solvents market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for renewable solvents market includes paints and coatings, pharmaceuticals, adhesives, home and personal care, industrial cleaning, plastics and polymers, agrochemicals, food and beverage.
- Renewable solvents refer to the form of solvent derived from renewable resources via a fermentation process. These solvents are used as an alternative to conventional solvents, often leading to cost savings.
To know more about the study, please click on the below-mentioned link, https://www.databridgemarketresearch.com/reports/global-renewable-solvents-market
Key Pointers Covered in the Renewable Solvents Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Neste
- Liberty Chemicals SRL
- InKemia Green Chemicals, Inc.
- ADM
- Vertec BioSolvents
- Cargill, Incorporated
- Dow
- CREMER OLEO GmbH & Co. KG
- Wilmar Sugar Pty Ltd.
- GODAVARI BIOREFINERIES LTD
- Genomatica, Inc.
- Akzo Nobel N.V.
- BASF SE
- Shenzhen Esun Industrial Co., Ltd
- Pinova, Inc
- LyondellBasell Industries Holdings B.V.
- Huntsman International LLC.
- Finasucre SA
- Gevo
- Florida Chemical Company
Above are the key players covered in the report, to know about more and exhaustive list of renewable solvents companies, contact https://www.databridgemarketresearch.com/toc/?dbmr=global-renewable-solvents-market
Research Methodology: Global Renewable Solvents Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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