New report says global green and bio-based solvents market could grow 7.2% CAGR through 2023

In New York state, Transparency Market Research (TMR) has announced the addition of a new study on the global green and bio-based solvents market. The report analyzes the drivers, trends, opportunities, and restraints of the market. The report is titled “Green & Bio-based Solvents – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2023.”

The report states that the global green and bio-based solvents market is expected to expand at a 7.2% CAGR between 2015 and 2023. The market, which was valued at US$4.32 bn in 2014, is expected to rise to US$8.05 bn by 2023. The growth in the paints and coatings industry is one of the major reasons behind the growth of the global green and bio-based solvents market.