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Global Bio Based Solvent Market - Latest Study Reveals New Growth Dynamics
Bio Based Solvent Market Latest Edition Published with Forecast to 2030- Jun 26, 2024
- Chemicals - Organics
According to the study, Increased Inclination towards Eco-Friendly Solvents
is one of the primary growth factors for the market. Increased Inclination towards Eco-Friendly Solvents
is also expected to contribute significantly to the Bio Based Solvent market. Overall, applications of Bio Based Solvent, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Acme-Hardesty Company (United States), Cargill Incorporated (United States), Vertec BioSolvents (United States), Dow Chemicals (United States), BASF SE (Germany), Du Pont (United States), Solvay (Belgium), BioAmber Inc.(Canada), PTT Global Chemical Public Company Limited (United States), Stora Enso (Finland), Arkema (France) and Sekab (Sweden) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMA’s Analyst on the Global Bio Based Solvent market identified that the demand is rising in many different parts of the world as "Rising Investments for Adoption & Manufacturing of Bio Based Products Has Created Opportunity for the Market ". Furthermore, some recent industry insights like "In April 2019, Braskem has launch renewable solvent HE-70S made from sugarcane ethanol. The new solvent is used mainly by the footwear, furniture and ceramics industries, as well as by ink and thinner manufacturers. As it is from the oxygenated solvents group, the solution features high solvency power and a high evaporation rate which offers advantages to lower environmental impacts., and In August 2019, Researchers of GREEN-CHEM has developed a new and safer bio-based solvent named ‘Cyrene’. It was produced from renewable cellulose of plantation softwood sawdust. The novel bio-based solvent ‘Cyrene’ is well alternatives for certain hazardous solvents. Cyrene is completely biodegradable and nontoxic to any of the microorganisms in receiving waters or aerobic waste water treatment plants." is constantly making the industry dynamic. One of the challenges that industry facing is "Uncertainty Regarding Availability of Raw Material"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Bio Based Solvent market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Bio Based Solvent market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Bio Based Solvent market tight?
• Which application/end-user category or Product Type [Bio Based Alcohol, • Bio based Ethanol, • Furfuryl alcohol, • Glycerol, • Others, Bio Based Esters, Ionic Liquids, • Sugar Based and • Lipid Based] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bio Based Solvent market and other related sub-markets covered in the study.
o Key & emerging players in the Bio Based Solvent market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Bio Based Solvent market size is calculated using market estimation process, the Bio Based Solvent market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bio Based Solvent market size has been validated using both top-down and bottom-up approaches.
AMA’s Analyst on the Global Bio Based Solvent market identified that the demand is rising in many different parts of the world as "Rising Investments for Adoption & Manufacturing of Bio Based Products Has Created Opportunity for the Market ". Furthermore, some recent industry insights like "In April 2019, Braskem has launch renewable solvent HE-70S made from sugarcane ethanol. The new solvent is used mainly by the footwear, furniture and ceramics industries, as well as by ink and thinner manufacturers. As it is from the oxygenated solvents group, the solution features high solvency power and a high evaporation rate which offers advantages to lower environmental impacts., and In August 2019, Researchers of GREEN-CHEM has developed a new and safer bio-based solvent named ‘Cyrene’. It was produced from renewable cellulose of plantation softwood sawdust. The novel bio-based solvent ‘Cyrene’ is well alternatives for certain hazardous solvents. Cyrene is completely biodegradable and nontoxic to any of the microorganisms in receiving waters or aerobic waste water treatment plants." is constantly making the industry dynamic. One of the challenges that industry facing is "Uncertainty Regarding Availability of Raw Material"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
• Detailed Overview of Bio Based Solvent market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Bio Based Solvent market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Bio Based Solvent market tight?
• Which application/end-user category or Product Type [Bio Based Alcohol, • Bio based Ethanol, • Furfuryl alcohol, • Glycerol, • Others, Bio Based Esters, Ionic Liquids, • Sugar Based and • Lipid Based] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Bio Based Solvent market and other related sub-markets covered in the study.
o Key & emerging players in the Bio Based Solvent market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
The overall Bio Based Solvent market size is calculated using market estimation process, the Bio Based Solvent market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Bio Based Solvent market size has been validated using both top-down and bottom-up approaches.
Praveen Kumar
Head & Director of Sales