Green Solvents Market Analysis

Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives & Sealants, Pharmaceuticals, Cosmetics) 

The global green solvents market is segmented and analyzed for demand and supply by application into industrial & domestic cleaners, paints & coatings, adhesives & sealants, pharmaceuticals, cosmetics, and others. Out of these segments, the paints & coatings segment is anticipated to garner the highest revenue over the projected time frame. The growth of the segment can be attributed to the worldwide growth in the construction industry where demand for renewable solvent solutions has been increasing. For instance, the worldwide revenue collected by the construction industry was almost USD 2 trillion in 2019. Further, the increased housing construction, backed by the growing population are further factors that are estimated to propel the growth of the segment.

Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate)

The global green solvents market is also segmented and analyzed for demand and supply by type into alcohols, glycols, diols, lactate esters, D-limonene, methyl soyate, and others. Amongst these segments, the lactate esters segment is expected to garner a significant share. The growth of this segment can be attributed to the increasing demand and consumption of lactate asters from the various end-use industries, followed by the rising use of lactate aster as they are recyclable, biodegradable, non-corrosive, and so on. On the other hand, the D-limonene segment is projected to witness a massive CAGR during the forecast period, owing to the rising use of D-limonene as a fragrance ingredient in several sectors such as food & beverages, along with its rising use in the production of cleaning goods. In addition to this, the significantly rising use of lactate asters as a thickening agent in several kind of creams, and lotions in functional cosmetics and personal care products is also a major factor that is projected to push the segment growth further throughout the forecast period.

Our in-depth analysis of the global market includes the following segments: