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(Construction.IndustryNews247.Com, September 21, 2018 ) Industry Outlook and Trend Analysis
The Green Solvent Market is predicted to garner lucrative market share by 2025, while registering itself at a significant compound annual growth rate (CAGR) during the forecast period. Green solvents are extracted from the agricultural sources, for example, sugarcane, corn, lactic acid, soybean oil, refined glycerin, bio succinic acid and others. Eco-friendly nature and low emission of volatile organic compound (VOC) than traditional petroleum based solvent were the prime factors that made manufacturers to switch towards green solvent. Instability in the prices of crude oil, perilous ecological impacts of volatile organic compounds and expanding usage of green solvents in various end use industries, for example, printing inks, paints and coating and comparative others are the key elements driving the development of worldwide green solvents market. Nonetheless, its high cost of production hampers the market development to certain degree.
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Competitive Insights
The leading players in the Market are:
DuPont,
Dow Chemical Company
Florida Chemicals
Gevo, LyondellBasell
Myriant Corporation
Vertec Biosolvents Inc
BioAmber
Cargill
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Drivers and Restraints
Expanding concern over VoC to decrease such emission is improving sealant and adhesive formulators, in this manner affecting the development of the green solvent market. Sealant and adhesive industry are demonstrating a vigorous development because of positive application standpoint in product packaging, building & construction, shoe making and wood-working. Green solvent based adhesive are substituting metal welding work for appending trim products and external component, for example, lights, bumper, handles and head guard. They are convenient to use, have great adhesion property and don’t transmit metal welding poisonous gases. It is a cost effective alternative and don’t incite pressure and influence mechanical property of joining parts.
Market Segmentation
The Green Solvent Market is segmented on the basis of types into Alcohols, Esters, D-Limonene, diols & glycols out of which the usage of esters in the overall green solvents market is anticipated to be highest during the forecast period due to its extensive application area, comparatively cheaper than other green solvents and convenient availability. Based on application the market is segmented into Industrial & Domestic Cleaners, Adhesives & Sealants, Paints & Coatings and Printing Ink.
Regional Outlook and Trend Analysis
Asia Pacific has ruled the worldwide green solvents market over the recent years ahead of North America. European market has encountered slow development in the course of the most recent years inferable from serious euro zone crisis. Rising economies, for example, Malaysia, India, Russia, China, Indonesia, Brazil and Thailand are assessed to witness lively development in the green solvents market. Such powerful demand can be credited to increasing dicretionary income, rising construction activities prompting higher consumer goods utilization and government activities with respect to environment and health.
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The Green Solvent Market is segmented by regions as follows-
By Region:
North America
The U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
Rest of South America
The Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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