Market Size of Green and Bio-based Solvents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Green and Bio-Based Solvents Market Analysis
The market for green and bio-based solvents is expected to grow at a CAGR of more than 7% during the forecast period. Major factors driving the market studied are stringent regulation on VOC emissions and other hazardous air pollutants and increasing market penetration of bio-based and green solvents in asia-pacific.
- The transition of petrochemical and fuel products toward renewable resources, and increasing government support for research of green and bio-based solvents to act as an opportunity to the market.
- Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.
