Europe Green Solvent Market, 2024-2030

The prime objective of green solvents is to reduce the environmental impact resulting from the usage of chemical products in the industries. Green solvents, also referred as bio-solvents, are produced from the processing of agricultural crops. An ideal green solvent possess human health safety, minimum hazards, and easy degradability. Some instances of green solvents are supercritical fluids, aqueous solvents, polymerized solvents, ionic liquids, and so on.The major applications of green solvents are the industrial and domestic cleaners such as adhesives in paints and coatings, printing inks, and others.

The Europe green solvent market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the Europe green solvent market is growing at a fast pace and increasing its geographical footprint rapidly. The Europe green solvent market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

Switching theconsumer preferences from conventional solvents to green solvents is a key driver for the overall green solvents market development.Additionally, Rising health and environmental concerns are also expected to be the effective factors in shaping the green solvents market. Further, Governments and various agencies such as the Environmental Protection Agency (EPA) and ECHA have implemented stringent regulations favoring the green solvents, thereby aiding growth for the green solvents market.

High investment and declining price of oil and gas are expected to be the major restraining factors for the market growth.Moreover, green solvents are slower as compared to the conventional solvents, thus requiring more operational time. Hence, such operational as well as technological obstacles are projected to hinder the market growth.

The green solvent market has remarkable usage across all major countries in the Europe, such as Germany, France, Italy, UK, Belgium, and Rest of Europe. Some of themajor key players in the Europe green solvent market are AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Finasucre S.A. (Belgium), LyondellBasell Industries N.V. (The Netherlands), and so on.

Research Methodology

The research procedure begins with the bifurcation of various market segments of the Europe green solvent market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across green solvent industry value chain. Market Krystal held more than 30 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the Europe green solvent industry dynamics
• Estimation of the present Europe green solvent market size in terms of value and volume
• Europe green solvent market breakup basedon type and application
• Substantiated Europe green solvent market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of Europegreen solventindustry value chain.