Key Findings
Europe has the second largest market share of green solvents market. A very high level of awareness about the environment, stringent environmental regulations and improving the economic situation and construction industry lead to higher market share in the forecast period. The European green solvents market will be advancing its development at a CAGR of 5.62% during 2019-2027. They are being used more than conventional solvents, as they are less toxic, easy to recycle and have a high boiling point. Environmental concerns have led to industrial participants investing in developer cheaper and superior green solvents.

Market Insights
The Federal and environmental agencies like the Environmental Protection Agency (EPA) and ECHA have executed numerous regulations assisting green solvents, thus aiding the global green solvents market. An increase in demand and more availability will lead to the good growth of methyl solvents in the forecast period. Lactate esters and D-limonene are also expected to report good CAGR during the forecast period. High investment cost to start production and declining price of oil and gas are going to limit the market growth. The economies of the United Kingdom, Germany, France, Italy, Russia, Spain and the Rest of Europe are the major revenue contributors to the Europe green solvents and bio solvents market.

Competitive Insights
The companies that have contributed majorly by revenue in the European market are as follows: PPG Industries Inc., DowDuPont, AkzoNobel, Huntsman Corporation, Merck & Co., Inc., Sasol Limited, Ashland Inc., BASF SE, Cargill Incorporated, Koninklijke DSM N.V., Solvay S.A. and Bayer AG.