Bio Based Solvent Comprehensive Study by Type (Bio Based Alcohol, • Bio based Ethanol, • Furfuryl alcohol, • Glycerol, • Others, Bio Based Esters, Ionic Liquids, • Sugar Based, • Lipid Based), Packaging Type (Bottles, Tin, Containers, Others), End Use (Painting & Coatings, Cosmetics, Agriculture, Pharmaceutical, Chemical, Others), Biomass Source (Agricultural Residue, Forest Products, Aquatic Biomass, Urban Waste Material, Others)

Bio Based Solvent Market by XX Submarkets | Forecast Years 2022-2027  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
What is Bio Based Solvent?
Bio-based solvents are defined as solvents produced from biomass sources like forest products, agricultural residue, aquatic biomass and others. Most bio-based solvents are made from sugar, corn, or beet. They are able to replace oil-based solvents and they are safe and effective like traditional solvents. Furthermore, bio based solvents does not release toxic by-products and volatile organic compounds (VOC) during their manufacturing process. They have unique features low toxicity, low miscibility, hence they are becoming more preferred solvents in the recent years. Bio based solvents are used for paints, coatings, printing inks, cosmetics, personal care products, sealants, pharmaceuticals, and others. Owing to their wide applicability, solvents suppliers see the demand for bio-based solvents growing fast. In addition, numerous manufacturers are looking to develop new water-based solvents. Consumers are also prefer eco-friendly solvents or over conventional products. Many industries are looking for sustainable eco-friendly product manufacturing owing to raised environmental awareness. North America secures high demand for bio based solvents owing to technological advancements in the production. However, the Asia Pacific region is expected to grow over the upcoming years. Countries such as China, India, Thailand, Japan and Malaysia are seeing a growing interest in eco-friendly agrochemical solutions, pharmaceuticals, cosmetics and other applications.

The market study is broken down by Type (Bio Based Alcohol, • Bio based Ethanol, • Furfuryl alcohol, • Glycerol, • Others, Bio Based Esters, Ionic Liquids, • Sugar Based and • Lipid Based) and major geographies with country level break-up.

The market of Bio-based solvents is expected to grow with rising demand from end use industries such as cosmetics, pharmaceutical companies, and others. Market specifically witnessing huge demand from paintings industries. Though high cost and requirement of technically keen handling is creating burden on the market. Major players like Acme-Hardesty Company, DuPont and Cargill Incorporation in the industry are gaining attention from the market. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.

Acme-Hardesty Company (United States), Cargill Incorporated (United States), Vertec BioSolvents (United States), Dow Chemicals (United States), BASF SE (Germany), Du Pont (United States), Solvay (Belgium), BioAmber Inc.(Canada), PTT Global Chemical Public Company Limited (United States), Stora Enso (Finland), Arkema (France) and Sekab (Sweden) are some of the key players that are part of study coverage.

Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Bio Based Solvent market by Type, Application and Region.

On the basis of geography, the market of Bio Based Solvent has been segmented into . If we see Market by Packaging Type, the sub-segment i.e. Bottles will boost the Bio Based Solvent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Painting & Coatings will boost the Bio Based Solvent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Biomass Source, the sub-segment i.e. Agricultural Residue will boost the Bio Based Solvent market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

In April 2019, Braskem has launch renewable solvent HE-70S made from sugarcane ethanol. The new solvent is used mainly by the footwear, furniture and ceramics industries, as well as by ink and thinner manufacturers. As it is from the oxygenated solvents group, the solution features high solvency power and a high evaporation rate which offers advantages to lower environmental impacts., and In August 2019, Researchers of GREEN-CHEM has developed a new and safer bio-based solvent named ‘Cyrene’. It was produced from renewable cellulose of plantation softwood sawdust. The novel bio-based solvent ‘Cyrene’ is well alternatives for certain hazardous solvents. Cyrene is completely biodegradable and nontoxic to any of the microorganisms in receiving waters or aerobic waste water treatment plants.


Market Trend
  • Increased Inclination towards Eco-Friendly Solvents
  • Rising Environmental Awareness Has Impacted On the Bio Based Product Offerings of Industries in Positive Manner

Market Drivers
  • Increased Inclination towards Eco-Friendly Solvents
  • Rising Environmental Awareness Has Impacted On the Bio Based Product Offerings of Industries in Positive Manner

Opportunities
  • Rising Investments for Adoption & Manufacturing of Bio Based Products Has Created Opportunity for the Market
  • Government Regulations for Environmental Preservation Has Created an Exponential Opportunity for the Development of Innovative Green Solutions

Restraints
  • High Cost of Production

Challenges
  • Uncertainty Regarding Availability of Raw Material


About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global.

Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.

The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.

Report Objectives / Segmentation Covered

By Type
  • Bio Based Alcohol
  • • Bio based Ethanol
  • • Furfuryl alcohol
  • • Glycerol
  • • Others
  • Bio Based Esters
  • Ionic Liquids
  • • Sugar Based
  • • Lipid Based
By Packaging Type
  • Bottles
  • Tin
  • Containers
  • Others

By End Use
  • Painting & Coatings
  • Cosmetics
  • Agriculture
  • Pharmaceutical
  • Chemical
  • Others

By Biomass Source
  • Agricultural Residue
  • Forest Products
  • Aquatic Biomass
  • Urban Waste Material
  • Others

By Regions
    • 1. Market Overview
      • 1.1. Introduction
      • 1.2. Scope/Objective of the Study
        • 1.2.1. Research Objective
    • 2. Executive Summary
      • 2.1. Introduction
    • 3. Market Dynamics
      • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increased Inclination towards Eco-Friendly Solvents
        • 3.2.2. Rising Environmental Awareness Has Impacted On the Bio Based Product Offerings of Industries in Positive Manner
      • 3.3. Market Challenges
        • 3.3.1. Uncertainty Regarding Availability of Raw Material
      • 3.4. Market Trends
        • 3.4.1. Increased Inclination towards Eco-Friendly Solvents
        • 3.4.2. Rising Environmental Awareness Has Impacted On the Bio Based Product Offerings of Industries in Positive Manner
    • 4. Market Factor Analysis
      • 4.1. Porters Five Forces
      • 4.2. Supply/Value Chain
      • 4.3. PESTEL analysis
      • 4.4. Market Entropy
      • 4.5. Patent/Trademark Analysis
    • 5. Global Bio Based Solvent, by Type, Packaging Type, End Use and Biomass Source (value and volume ) (2015-2020)
      • 5.1. Introduction
      • 5.2. Global Bio Based Solvent (Value)
        • 5.2.1. Global Bio Based Solvent by: Type (Value)
          • 5.2.1.1. Bio Based Alcohol
          • 5.2.1.2. • Bio based Ethanol
          • 5.2.1.3. • Furfuryl alcohol
          • 5.2.1.4. • Glycerol
          • 5.2.1.5. • Others
          • 5.2.1.6. Bio Based Esters
          • 5.2.1.7. Ionic Liquids
          • 5.2.1.8. • Sugar Based
          • 5.2.1.9. • Lipid Based
        • 5.2.2. Global Bio Based Solvent by: Packaging Type (Value)
          • 5.2.2.1. Bottles
          • 5.2.2.2. Tin
          • 5.2.2.3. Containers
          • 5.2.2.4. Others
        • 5.2.3. Global Bio Based Solvent by: End Use (Value)
          • 5.2.3.1. Painting & Coatings
          • 5.2.3.2. Cosmetics
          • 5.2.3.3. Agriculture
          • 5.2.3.4. Pharmaceutical
          • 5.2.3.5. Chemical
          • 5.2.3.6. Others
        • 5.2.4. Global Bio Based Solvent by: Biomass Source (Value)
          • 5.2.4.1. Agricultural Residue
          • 5.2.4.2. Forest Products
          • 5.2.4.3. Aquatic Biomass
          • 5.2.4.4. Urban Waste Material
          • 5.2.4.5. Others
      • 5.3. Global Bio Based Solvent (Volume)
        • 5.3.1. Global Bio Based Solvent by: Type (Volume)
          • 5.3.1.1. Bio Based Alcohol
          • 5.3.1.2. • Bio based Ethanol
          • 5.3.1.3. • Furfuryl alcohol
          • 5.3.1.4. • Glycerol
          • 5.3.1.5. • Others
          • 5.3.1.6. Bio Based Esters
          • 5.3.1.7. Ionic Liquids
          • 5.3.1.8. • Sugar Based
          • 5.3.1.9. • Lipid Based
        • 5.3.2. Global Bio Based Solvent by: Packaging Type (Volume)
          • 5.3.2.1. Bottles
          • 5.3.2.2. Tin
          • 5.3.2.3. Containers
          • 5.3.2.4. Others
        • 5.3.3. Global Bio Based Solvent by: End Use (Volume)
          • 5.3.3.1. Painting & Coatings
          • 5.3.3.2. Cosmetics
          • 5.3.3.3. Agriculture
          • 5.3.3.4. Pharmaceutical
          • 5.3.3.5. Chemical
          • 5.3.3.6. Others
        • 5.3.4. Global Bio Based Solvent by: Biomass Source (Volume)
          • 5.3.4.1. Agricultural Residue
          • 5.3.4.2. Forest Products
          • 5.3.4.3. Aquatic Biomass
          • 5.3.4.4. Urban Waste Material
          • 5.3.4.5. Others
    • 6. Bio Based Solvent: Manufacturers/Players Analysis
      • 6.1. Competitive Landscape
        • 6.1.1. Market Share Analysis
          • 6.1.1.1. Top 3
          • 6.1.1.2. Top 5
      • 6.2. Peer Group Analysis (2020)
      • 6.3. BCG Matrix
      • 6.4. Company Profile
        • 6.4.1. Acme-Hardesty Company (United States)
          • 6.4.1.1. Business Overview
          • 6.4.1.2. Products/Services Offerings
          • 6.4.1.3. Financial Analysis
          • 6.4.1.4. SWOT Analysis
        • 6.4.2. Cargill Incorporated (United States)
          • 6.4.2.1. Business Overview
          • 6.4.2.2. Products/Services Offerings
          • 6.4.2.3. Financial Analysis
          • 6.4.2.4. SWOT Analysis
        • 6.4.3. Vertec BioSolvents (United States)
          • 6.4.3.1. Business Overview
          • 6.4.3.2. Products/Services Offerings
          • 6.4.3.3. Financial Analysis
          • 6.4.3.4. SWOT Analysis
        • 6.4.4. Dow Chemicals (United States)
          • 6.4.4.1. Business Overview
          • 6.4.4.2. Products/Services Offerings
          • 6.4.4.3. Financial Analysis
          • 6.4.4.4. SWOT Analysis
        • 6.4.5. BASF SE (Germany)
          • 6.4.5.1. Business Overview
          • 6.4.5.2. Products/Services Offerings
          • 6.4.5.3. Financial Analysis
          • 6.4.5.4. SWOT Analysis
        • 6.4.6. Du Pont (United States)
          • 6.4.6.1. Business Overview
          • 6.4.6.2. Products/Services Offerings
          • 6.4.6.3. Financial Analysis
          • 6.4.6.4. SWOT Analysis
        • 6.4.7. Solvay (Belgium)
          • 6.4.7.1. Business Overview
          • 6.4.7.2. Products/Services Offerings
          • 6.4.7.3. Financial Analysis
          • 6.4.7.4. SWOT Analysis
        • 6.4.8. BioAmber Inc.(Canada)
          • 6.4.8.1. Business Overview
          • 6.4.8.2. Products/Services Offerings
          • 6.4.8.3. Financial Analysis
          • 6.4.8.4. SWOT Analysis
        • 6.4.9. PTT Global Chemical Public Company Limited (United States)
          • 6.4.9.1. Business Overview
          • 6.4.9.2. Products/Services Offerings
          • 6.4.9.3. Financial Analysis
          • 6.4.9.4. SWOT Analysis
        • 6.4.10. Stora Enso (Finland)
          • 6.4.10.1. Business Overview
          • 6.4.10.2. Products/Services Offerings
          • 6.4.10.3. Financial Analysis
          • 6.4.10.4. SWOT Analysis
        • 6.4.11. Arkema (France)
          • 6.4.11.1. Business Overview
          • 6.4.11.2. Products/Services Offerings
          • 6.4.11.3. Financial Analysis
          • 6.4.11.4. SWOT Analysis
        • 6.4.12. Sekab (Sweden)
          • 6.4.12.1. Business Overview
          • 6.4.12.2. Products/Services Offerings
          • 6.4.12.3. Financial Analysis
          • 6.4.12.4. SWOT Analysis
    • 7. Global Bio Based Solvent Sale, by Type, Packaging Type, End Use and Biomass Source (value and volume ) (2021-2026)
      • 7.1. Introduction
      • 7.2. Global Bio Based Solvent (Value)
        • 7.2.1. Global Bio Based Solvent by: Type (Value)
          • 7.2.1.1. Bio Based Alcohol
          • 7.2.1.2. • Bio based Ethanol
          • 7.2.1.3. • Furfuryl alcohol
          • 7.2.1.4. • Glycerol
          • 7.2.1.5. • Others
          • 7.2.1.6. Bio Based Esters
          • 7.2.1.7. Ionic Liquids
          • 7.2.1.8. • Sugar Based
          • 7.2.1.9. • Lipid Based
        • 7.2.2. Global Bio Based Solvent by: Packaging Type (Value)
          • 7.2.2.1. Bottles
          • 7.2.2.2. Tin
          • 7.2.2.3. Containers
          • 7.2.2.4. Others
        • 7.2.3. Global Bio Based Solvent by: End Use (Value)
          • 7.2.3.1. Painting & Coatings
          • 7.2.3.2. Cosmetics
          • 7.2.3.3. Agriculture
          • 7.2.3.4. Pharmaceutical
          • 7.2.3.5. Chemical
          • 7.2.3.6. Others
        • 7.2.4. Global Bio Based Solvent by: Biomass Source (Value)
          • 7.2.4.1. Agricultural Residue
          • 7.2.4.2. Forest Products
          • 7.2.4.3. Aquatic Biomass
          • 7.2.4.4. Urban Waste Material
          • 7.2.4.5. Others
      • 7.3. Global Bio Based Solvent (Volume)
        • 7.3.1. Global Bio Based Solvent by: Type (Volume)
          • 7.3.1.1. Bio Based Alcohol
          • 7.3.1.2. • Bio based Ethanol
          • 7.3.1.3. • Furfuryl alcohol
          • 7.3.1.4. • Glycerol
          • 7.3.1.5. • Others
          • 7.3.1.6. Bio Based Esters
          • 7.3.1.7. Ionic Liquids
          • 7.3.1.8. • Sugar Based
          • 7.3.1.9. • Lipid Based
        • 7.3.2. Global Bio Based Solvent by: Packaging Type (Volume)
          • 7.3.2.1. Bottles
          • 7.3.2.2. Tin
          • 7.3.2.3. Containers
          • 7.3.2.4. Others
        • 7.3.3. Global Bio Based Solvent by: End Use (Volume)
          • 7.3.3.1. Painting & Coatings
          • 7.3.3.2. Cosmetics
          • 7.3.3.3. Agriculture
          • 7.3.3.4. Pharmaceutical
          • 7.3.3.5. Chemical
          • 7.3.3.6. Others
        • 7.3.4. Global Bio Based Solvent by: Biomass Source (Volume)
          • 7.3.4.1. Agricultural Residue
          • 7.3.4.2. Forest Products
          • 7.3.4.3. Aquatic Biomass
          • 7.3.4.4. Urban Waste Material
          • 7.3.4.5. Others
    • 8. Appendix
      • 8.1. Acronyms
    • 9. Methodology and Data Source
      • 9.1. Methodology/Research Approach
        • 9.1.1. Research Programs/Design
        • 9.1.2. Market Size Estimation
        • 9.1.3. Market Breakdown and Data Triangulation
      • 9.2. Data Source
        • 9.2.1. Secondary Sources
        • 9.2.2. Primary Sources
      • 9.3. Disclaimer
    List of Tables
    • Table 1. Bio Based Solvent: by Type(USD Million)
    • Table 2. Bio Based Solvent: by Packaging Type(USD Million)
    • Table 3. Bio Based Solvent: by End Use(USD Million)
    • Table 4. Bio Based Solvent: by Biomass Source(USD Million)
    • Table 5. Bio Based Solvent Sales: by Type(K Tons)
    • Table 6. Bio Based Solvent Sales: by Packaging Type(K Tons)
    • Table 7. Bio Based Solvent Sales: by End Use(K Tons)
    • Table 8. Bio Based Solvent Sales: by Biomass Source(K Tons)
    • Table 9. Company Basic Information, Sales Area and Its Competitors
    • Table 10. Company Basic Information, Sales Area and Its Competitors
    • Table 11. Company Basic Information, Sales Area and Its Competitors
    • Table 12. Company Basic Information, Sales Area and Its Competitors
    • Table 13. Company Basic Information, Sales Area and Its Competitors
    • Table 14. Company Basic Information, Sales Area and Its Competitors
    • Table 15. Company Basic Information, Sales Area and Its Competitors
    • Table 16. Company Basic Information, Sales Area and Its Competitors
    • Table 17. Company Basic Information, Sales Area and Its Competitors
    • Table 18. Company Basic Information, Sales Area and Its Competitors
    • Table 19. Company Basic Information, Sales Area and Its Competitors
    • Table 20. Company Basic Information, Sales Area and Its Competitors
    • Table 21. Bio Based Solvent: by Type(USD Million)
    • Table 22. Bio Based Solvent: by Packaging Type(USD Million)
    • Table 23. Bio Based Solvent: by End Use(USD Million)
    • Table 24. Bio Based Solvent: by Biomass Source(USD Million)
    • Table 25. Bio Based Solvent Sales: by Type(K Tons)
    • Table 26. Bio Based Solvent Sales: by Packaging Type(K Tons)
    • Table 27. Bio Based Solvent Sales: by End Use(K Tons)
    • Table 28. Bio Based Solvent Sales: by Biomass Source(K Tons)
    • Table 29. Research Programs/Design for This Report
    • Table 30. Key Data Information from Secondary Sources
    • Table 31. Key Data Information from Primary Sources
    List of Figures
    • Figure 1. Porters Five Forces
    • Figure 2. Supply/Value Chain
    • Figure 3. PESTEL analysis
    • Figure 4. Global Bio Based Solvent: by Type USD Million (2015-2020)
    • Figure 5. Global Bio Based Solvent: by Packaging Type USD Million (2015-2020)
    • Figure 6. Global Bio Based Solvent: by End Use USD Million (2015-2020)
    • Figure 7. Global Bio Based Solvent: by Biomass Source USD Million (2015-2020)
    • Figure 8. Global Bio Based Solvent: by Type K Tons (2015-2020)
    • Figure 9. Global Bio Based Solvent: by Packaging Type K Tons (2015-2020)
    • Figure 10. Global Bio Based Solvent: by End Use K Tons (2015-2020)
    • Figure 11. Global Bio Based Solvent: by Biomass Source K Tons (2015-2020)
    • Figure 12. Global Bio Based Solvent share by Players 2020 (%)
    • Figure 13. Global Bio Based Solvent share by Players (Top 3) 2020(%)
    • Figure 14. Global Bio Based Solvent share by Players (Top 5) 2020(%)
    • Figure 15. BCG Matrix for key Companies
    • Figure 16. Acme-Hardesty Company (United States) Revenue, Net Income and Gross profit
    • Figure 17. Acme-Hardesty Company (United States) Revenue: by Geography 2020
    • Figure 18. Cargill Incorporated (United States) Revenue, Net Income and Gross profit
    • Figure 19. Cargill Incorporated (United States) Revenue: by Geography 2020
    • Figure 20. Vertec BioSolvents (United States) Revenue, Net Income and Gross profit
    • Figure 21. Vertec BioSolvents (United States) Revenue: by Geography 2020
    • Figure 22. Dow Chemicals (United States) Revenue, Net Income and Gross profit
    • Figure 23. Dow Chemicals (United States) Revenue: by Geography 2020
    • Figure 24. BASF SE (Germany) Revenue, Net Income and Gross profit
    • Figure 25. BASF SE (Germany) Revenue: by Geography 2020
    • Figure 26. Du Pont (United States) Revenue, Net Income and Gross profit
    • Figure 27. Du Pont (United States) Revenue: by Geography 2020
    • Figure 28. Solvay (Belgium) Revenue, Net Income and Gross profit
    • Figure 29. Solvay (Belgium) Revenue: by Geography 2020
    • Figure 30. BioAmber Inc.(Canada) Revenue, Net Income and Gross profit
    • Figure 31. BioAmber Inc.(Canada) Revenue: by Geography 2020
    • Figure 32. PTT Global Chemical Public Company Limited (United States) Revenue, Net Income and Gross profit
    • Figure 33. PTT Global Chemical Public Company Limited (United States) Revenue: by Geography 2020
    • Figure 34. Stora Enso (Finland) Revenue, Net Income and Gross profit
    • Figure 35. Stora Enso (Finland) Revenue: by Geography 2020
    • Figure 36. Arkema (France) Revenue, Net Income and Gross profit
    • Figure 37. Arkema (France) Revenue: by Geography 2020
    • Figure 38. Sekab (Sweden) Revenue, Net Income and Gross profit
    • Figure 39. Sekab (Sweden) Revenue: by Geography 2020
    • Figure 40. Global Bio Based Solvent: by Type USD Million (2021-2026)
    • Figure 41. Global Bio Based Solvent: by Packaging Type USD Million (2021-2026)
    • Figure 42. Global Bio Based Solvent: by End Use USD Million (2021-2026)
    • Figure 43. Global Bio Based Solvent: by Biomass Source USD Million (2021-2026)
    • Figure 44. Global Bio Based Solvent: by Type K Tons (2021-2026)
    • Figure 45. Global Bio Based Solvent: by Packaging Type K Tons (2021-2026)
    • Figure 46. Global Bio Based Solvent: by End Use K Tons (2021-2026)
    • Figure 47. Global Bio Based Solvent: by Biomass Source K Tons (2021-2026)
    List of companies from research coverage that are profiled in the study
    • Acme-Hardesty Company (United States)
    • Cargill Incorporated (United States)
    • Vertec BioSolvents (United States)
    • Dow Chemicals (United States)
    • BASF SE (Germany)
    • Du Pont (United States)
    • Solvay (Belgium)
    • BioAmber Inc.(Canada)
    • PTT Global Chemical Public Company Limited (United States)
    • Stora Enso (Finland)
    • Arkema (France)
    • Sekab (Sweden)
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    Mar 2021 212 Pages 52 Tables Base Year: 2021 Coverage: 15+ Companies; 18 Countries

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    Frequently Asked Questions (FAQ):

    The standard version of the report profiles players such as Acme-Hardesty Company (United States), Cargill Incorporated (United States), Vertec BioSolvents (United States), Dow Chemicals (United States), BASF SE (Germany), Du Pont (United States), Solvay (Belgium), BioAmber Inc.(Canada), PTT Global Chemical Public Company Limited (United States), Stora Enso (Finland), Arkema (France) and Sekab (Sweden) etc.
    Analysts at AMA estimates Bio Based Solvent Market to reach USDXXX by 2026.
    The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.

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