# Renewable Solvent Market Survey Insights, Outlook and Forecast 2024-2032
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The Reports and Insights, a leading market research company, has recently releases report titled “Renewable Solvent Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global [Renewable Solvent Market](https://www.reportsandinsights.com/report/renewable-solvent-market) share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Renewable Solvent Market?
The renewable solvent market size reached US$ 3.4 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 6.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.4% during 2024-2032.
What are Renewable Solvent?
Renewable solvents are eco-friendly alternatives derived from renewable sources like plants, biomass, or agricultural byproducts, aiming to replace conventional, potentially harmful petroleum-based solvents. They boast lower toxicity, biodegradability, and reduced greenhouse gas emissions, making them a sustainable choice for industries such as cleaning products, coatings, and pharmaceuticals.
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What are the growth prospects and trends in the Renewable Solvent industry?
The renewable solvent market growth is driven by various factors and trends. The renewable solvent market is expanding due to growing environmental consciousness and the increasing adoption of sustainable practices. Demand is rising for renewable solvents sourced from bio-based materials like plants, biomass, and agricultural byproducts. These solvents offer advantages such as lower toxicity, biodegradability, and reduced greenhouse gas emissions compared to traditional petroleum-based solvents, making them appealing to industries such as cleaning products, coatings, and pharmaceuticals. As regulations become more stringent and consumer awareness increases, the global renewable solvent market is expected to keep growing. Hence, all these factors contribute to renewable solvent market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Type:
Bio-Alcohols
Bio-Diols
Methyl Soyate
Ethyl Lactate
Others
By Source:
Agricultural Waste
Forest Residues
Industrial Waste
Algae
Others
By Application:
Paints & Coatings
Cleaning & Degreasing
Adhesives & Sealants
Printing Inks
Pharmaceuticals
Others
By End-Use Industry:
Paints & Coatings
Pharmaceuticals
Personal Care & Cosmetics
Agriculture
Cleaning & Domestic
Others
Segmentation By Region:
North America:
United States
Canada
Asia Pacific:
China
India
Japan
South Korea
Australia & New Zealand
Association of Southeast Asian Nations (ASEAN)
Rest of Asia Pacific
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX (Belgium, the Netherlands, Luxembourg)
NORDIC (Norway, Sweden, Finland, Denmark)
Rest of Europe
Latin America:
Brazil
Mexico
Argentina
Rest of Latin America
The Middle East & Africa:
Saudi Arabia
United Arab Emirates
South Africa
Egypt
Israel
Rest of MEA (Middle East & Africa)
Who are the key players operating in the industry?
The report covers the major market players including:
Archer Daniels Midland Company
BASF SE
BioAmber Inc.
Cargill, Incorporated
DuPont de Nemours, Inc.
Elevance Renewable Sciences, Inc.
Genomatica, Inc.
Green Biologics Ltd.
Huntsman Corporation
LyondellBasell Industries N.V.
Pinova Holdings, Inc.
Solvay S.A.
The Dow Chemical Company
Vertec Biosolvents Inc.
View Full Report: https://www.reportsandinsights.com/report/Renewable Solvent-market
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