Global Green Solvents and Bio Solvents
Market Report
2025
The global Green Solvents and Bio Solvents market size will be USD 1352.6 million in 2025. Increasing environmental regulations and demand for sustainable solutions is expected to boost sales to USD 2324.01 million by 2033, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2025 to 2033.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size will be USD 1352.6 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Country Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
North Americ Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Europe Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Asia Pacific Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
South America Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Middle East and Africa Market Size | 121212 | 121212 | 121212 | 121212 | 121212 | 121212 |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Green Solvents and Bio Solvents Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Green solvents and bio solvents are environmentally friendly alternatives to traditional petrochemical-based solvents. These solvents are derived from renewable resources such as plants, agricultural waste, and other bio-based feedstocks, making them non-toxic, biodegradable, and safer for human health and the environment. Green solvents replace hazardous chemicals typically used in industries like coatings, paints, pharmaceuticals, cosmetics, and cleaning products. The Green Solvents and Bio Solvents Market has witnessed significant growth due to a variety of factors driving the demand for sustainable solutions across industries. Stringent environmental regulations, such as those set by the EPA and REACH, are forcing companies to adopt green solvents to reduce their environmental footprint and adhere to regulations. Additionally, rising consumer demand for eco-friendly products is pushing industries such as cosmetics, pharmaceuticals, and cleaning products to look for safer, non-toxic solvents.
In February 2020, Towell Engineering Group and GF Biochemicals announced the formation of a Joint Venture (JV) for the production and marketing of bio-solvents and bio-plasticizers based on levulinic acid using GF Biochemicals' proprietary technology. (Source: https://www.chemengonline.com/joint-venture-formed-for-production-of-bio-based-levulinic-acid/)
The green solvents and bio solvents market is largely driven by stringent environmental regulations that aim to reduce the harmful effects of conventional solvents on both human health and the environment. With growing concerns about air pollution, toxicity, and hazardous waste disposal, governments worldwide are implementing stricter policies to encourage the use of safer, more sustainable alternatives. These regulations, such as the REACH and EPA guidelines, push industries to adopt green solvents to comply with environmental laws and reduce their carbon footprints. This regulatory pressure is helping the market expand, especially as companies seek to mitigate legal and reputational risks associated with non-compliance. For instance, In February 2020, the company announced a joint venture with Towell Engineering Group (Oman) to produce biochemicals derived from levulinic acid. The partnership called Nxtlevvel is expected to produce 30,000 metric tons per year of biodegradable solvents and plasticizers for cleaning, personal care, coatings, and agriculture markets
(Source: https://cen.acs.org/business/biobased-chemicals/GF-Biochemicals-forms-venture-levulinic/98/i7)
As sustainability becomes a central focus across industries, there is increasing consumer demand for environmentally friendly products, including solvents. Consumers, especially in industries like cosmetics, pharmaceuticals, and cleaning products, are increasingly seeking non-toxic, biodegradable, and eco-friendly solutions. This shift in consumer preferences is motivating manufacturers to explore and adopt bio-based solvents derived from renewable resources, which have a lower environmental impact than their petroleum-based counterparts. As sustainability continues to be a key driver in purchasing decisions, companies are under pressure to provide greener alternatives, thereby boosting the growth of the Green Solvents and Bio Solvents Market.
Despite the clear environmental benefits, one of the significant challenges facing the Green Solvents and Bio Solvents Market is the high production cost associated with bio-based solvents. The extraction, processing, and manufacturing of these solvents often require more advanced and expensive technologies compared to traditional solvents. Additionally, raw materials for bio-based solvents are typically more costly, as they are derived from renewable resources such as plant-based feedstocks. These higher costs can make bio-based solvents less competitive in price-sensitive markets, especially when compared to cheaper, synthetic alternatives. As a result, the widespread adoption of green solvents may be limited in some sectors due to economic constraints.
A significant trend in the Green Solvents and Bio Solvents Market is the growing investment in research and development (R&D) to discover more cost-effective and efficient green solvent alternatives. Manufacturers and researchers are focusing on developing new bio-based solvents that are not only eco-friendly but also economically viable for mass production. Advances in biotechnology and chemical engineering are enabling the development of solvents derived from renewable resources that are both affordable and efficient. This trend is expected to enhance the market’s growth potential by addressing the issue of high production costs and meeting the increasing demand for sustainable solutions across various industries.
Another key trend is the growing application of green solvents in emerging industries such as 3D printing, electronics, and nanotechnology. These sectors are increasingly seeking environmentally friendly alternatives to traditional solvents due to heightened awareness of environmental and health impacts. Green solvents are being used in the production of 3D printing materials, electronic components, and nanomaterials, where conventional solvents may pose significant environmental or health risks. As these industries expand and evolve, they are likely to further drive demand for sustainable and non-toxic solvents, creating new opportunities for growth within the Green Solvents and Bio Solvents Market
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The Green Solvents and Bio Solvents Market is highly competitive and rapidly evolving, with significant opportunities for growth driven by consumer demand for sustainable solutions, environmental regulations, and ongoing innovation in bio-based product development. The combination of established players and emerging startups is ensuring a dynamic and competitive market landscape.
In March 2020, Corbion introduced Purasolv, a range of lactate esters that improve solvency, while maintaining excellent safety in agrochemical formulations. (Source: https://www.corbion.com/Products/Chemical-products/PURASOLV-protect-what-matters) In May 2023, Dow teamed up with New Energy Blue to develop a bio-based ethylene from renewable materials. The partnership aimed to decrease the carbon footprint of plastic production used across footwear, transportation, and packaging. (Source: https://investors.dow.com/en/news/news-details/2023/Dow-and-New-Energy-Blue-announce-collaboration-to-develop-renewable-plastic-materials-from-corn-residue/default.aspx)
Top Companies Market Share in Green Solvents and Bio Solvents Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Green Solvents and Bio Solvents Market due to stringent environmental regulations, high consumer demand for sustainable products, and the region's strong industrial base. The U.S. and Canada have implemented robust environmental policies, such as the Clean Air Act and EPA regulations, which encourage the use of eco-friendly solvents in industries like pharmaceuticals, coatings, and cleaning.
Asia-Pacific is the fastest-growing region in the Green Solvents and Bio Solvents Market due to rapid industrialization, increasing environmental awareness, and government initiatives promoting sustainability. As countries like China, India, and Japan expand their manufacturing sectors, the demand for eco-friendly solvents is rising to meet both regulatory requirements and consumer preferences. Governments in the region are implementing stricter environmental regulations, encouraging industries to adopt green solvents.
The current report Scope analyzes Green Solvents and Bio Solvents Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size was estimated at USD 1352.6 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 541.04 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.
According to Cognitive Market Research, the US had a major share in the Green Solvents and Bio Solvents market with a market size of USD 426.88million in 2025 and is projected to grow at a CAGR of 5.0%during the forecast period. The U.S. market's increasing regulatory support for sustainable practices.
The Canada Green Solvents and Bio Solvents market had a market share of USD 64.92million in 2025 and is projected to grow at a CAGR of 6.0%during the forecast period. Canada’s increasing regulatory support for sustainable practices.
The Mexico Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 49.23million in 2025..
According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size was estimated at USD 1352.6 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 405.78 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
The United Kingdom Green Solvents and Bio Solvents market had a market share of USD 68.17million in 2025 and is projected to grow at a CAGR of 6.3%during the forecast period. In the UK, Green Solvents and Bio Solvents sales witness an upswing due to the stringent environmental regulations and strong push for sustainability across industries.
The France Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 4.7%during the forecast period, with a market size of USD 37.33million in 2025.
According to Cognitive Market Research, the German Green Solvents and Bio Solvents market size was valued at USD 80.34million in 2025 and is projected to grow at a CAGR of 5.7%during the forecast period. In Germany, Green Solvents and Bio Solvents surged due to the stringent environmental regulations and strong push for sustainability across industries
The Italy Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 4.9%during the forecast period, with a market size of USD 34.90million in 2025.
The Russia Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 4.5%during the forecast period, with a market size of USD 62.90million in 2025
The Spain Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 4.6%during the forecast period with a market size of USD 33.27million in 2025
The Luxembourg Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.6%during the forecast period, with a market size of USD 12.58million in 2025.
The Portugal Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.3%during the forecast period, with a market size of USD 8.52million in 2025
The Greece Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.8%during the forecast period, with a market size of USD 4.87million in 2025.
The Rest of Europe's Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 4.2%during the forecast period, with a market size of USD 62.90million in 2025.
According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size was estimated at USD 1352.6 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 311.10 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
According to Cognitive Market Research, the China Green Solvents and Bio Solvents market size was valued at USD 130.66million in 2025 and is projected to grow at a CAGR of 8.5%during the forecast period. Green Solvents and Bio Solvents surged in China due to booming construction sector, urbanization
The Japan Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 7.5%during the forecast period, with a market size of USD 42.93million in 2025
The India Green Solvents and Bio Solvents market had a market share of USD 37.33million in 2025 and is projected to grow at a CAGR of 10.8%during the forecast period. India's booming construction sector, urbanization
The South Korean Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 8.1%during the forecast period, with a market size of USD 31.11million in 2025
The Australian Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 8.7%during the forecast period, with a market size of USD 16.18million in 2025
The South East Asia Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 10.0%during the forecast period, with a market size of USD 21.47million in 2025.
The Taiwan Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 8.3%during the forecast period, with a market size of USD 9.96 million in 2025.
The Rest of Asia Pacific Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 21.47million in 2025.
According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size was estimated at USD 1352.6 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 67.63 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2025 to 2033.
According to Cognitive Market Research, the Brazil Green Solvents and Bio Solvents market size was valued at USD 28.95million in 2025 and is projected to grow at a CAGR of 7.0%during the forecast period. Green Solvents and Bio Solvents flourished in Brazil due to commercial and residential construction activities.
Argentina's Green Solvents and Bio Solvents market had a market share of USD 11.36million in 2025 and is projected to grow at a CAGR of 7.3%during the forecast period. Argentina's commercial and residential construction activities.
Colombia Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 6.2%during the forecast period, with a market size of USD 6.02million in 2025
Peru Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 6.6%during the forecast period, with a market size of USD 5.55million in 2025.
Chile Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 4.87million in 2025
The Rest of Latin America's Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.5%during the forecast period, with a market size of USD 10.89million in 2025.
According to Cognitive Market Research, the global Green Solvents and Bio Solvents market size was estimated at USD 1352.6 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 27.05 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033..
The GCC Countries Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 7.5%during the forecast period, with a market size of USD 11.58million in 2025. Green Solvents and Bio Solvents sales flourish due to the increasing awareness of environmental conservation.
The Egypt Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 7.0%during the forecast period, with a market size of USD 2.84million in 2025.
The South Africa Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 7.7%during the forecast period, with a market size of USD 4.27million in 2025. Green Solvents and Bio Solvents sales flourished in South Africa due to increasing awareness of environmental conservation
The Turkey Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 6.2%during the forecast period, with a market size of USD 2.33million in 2025.
The Nigeria Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.8%during the forecast period, with a market size of USD 2.84million in 2025.
The Rest of the MEA Green Solvents and Bio Solvents market is projected to witness growth at a CAGR of 5.7%during the forecast period, with a market size of USD 3.19million in 2025
Global Green Solvents and Bio Solvents Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Green Solvents and Bio Solvents Industry growth. Green Solvents and Bio Solvents market has been segmented with the help of its Type Outlook:, Application Outlook: End-use Outlook:, and others. Green Solvents and Bio Solvents market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Green Solvents and Bio Solvents Market?
According to Cognitive Market Research, the Bio-alcohols, such as bio-ethanol and bio-methanol, dominate the Green Solvents and Bio Solvents Market due to their wide range of industrial applications and eco-friendly properties. These solvents are extensively used in the production of paints, coatings, and adhesives because of their high solvency and compatibility with various formulations. Additionally, bio-alcohols are derived from renewable sources like sugarcane and corn, making them a sustainable alternative to petrochemical solvents.
Bio-esters are the fastest-growing segment in the Green Solvents and Bio Solvents Market due to their superior biodegradability, low toxicity, and versatility in applications. Derived from renewable feedstocks such as vegetable oils and animal fats, bio-esters are increasingly preferred in agrochemicals, cleaning products, and personal care industries. Their non-toxic nature makes them ideal for applications where human and environmental safety is a priority.
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According to Cognitive Market Research, the paints and coatings segment dominates the Green Solvents and Bio Solvents Market due to the increasing demand for sustainable solutions in construction, automotive, and industrial applications. Green solvents are widely used in paints and coatings to enhance durability, improve surface finish, and reduce volatile organic compound (VOC) emissions. With stringent environmental regulations like REACH and EPA standards, manufacturers are increasingly adopting bio-based solvents to meet compliance requirements.
The pharmaceutical segment is the fastest-growing application in the Green Solvents and Bio Solvents Market, driven by the industry's shift toward green chemistry practices. Bio-based solvents are increasingly used in drug formulation and manufacturing processes due to their low toxicity, biodegradability, and ability to meet stringent quality standards. With growing consumer awareness and regulatory mandates emphasizing sustainable pharmaceutical production, the adoption of green solvents has accelerated.
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According to Cognitive Market Research, the building and construction segment dominates the Green Solvents and Bio Solvents Market due to the growing demand for eco-friendly materials in paints, coatings, adhesives, and sealants used in construction projects. Green solvents offer superior performance with reduced environmental impact, aligning with sustainable construction practices. With rising urbanization and infrastructure development, especially in emerging economies, the use of bio-based solvents has surged to meet environmental regulations and consumer preferences.
The healthcare segment is the fastest-growing end-use category in the Green Solvents and Bio Solvents Market, driven by increasing adoption of bio-based solutions in pharmaceutical production, medical device manufacturing, and hospital cleaning applications. Green solvents provide a safer and more sustainable alternative, meeting stringent quality and safety standards in healthcare environments. As the demand for sustainable healthcare solutions rises, fueled by growing awareness of environmental and health impacts, bio-solvents are gaining traction.
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Conclusion
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Type Outlook: | Bio-alcohols, Bio-esters, Alkanes, Aromatics, Others |
Application Outlook: | Paints & Coatings, Cleansers & Strippers, Cosmetics, Pharmaceuticals, Perfumes & Fragrances, Others |
End-use Outlook: | Automotive & Transportation, Building & Construction, Healthcare, Personal Care, Others |
List of Competitors | BASF SE, DuPont, Dow, Cargill Incorporated, Gevo, AkzoNobel, LyondellBasell N.V |
This chapter will help you gain GLOBAL Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review Global Green Solvents and Bio Solvents Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review North America Green Solvents and Bio Solvents Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review Europe Green Solvents and Bio Solvents Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review Asia Pacific Green Solvents and Bio Solvents Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review South America Green Solvents and Bio Solvents Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Green Solvents and Bio Solvents. Further deep in this chapter, you will be able to review Middle East and Africa Green Solvents and Bio Solvents Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Green Solvents and Bio Solvents. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by End-use Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Green Solvents and Bio Solvents market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Bio-alcohols have a significant impact on Green Solvents and Bio Solvents market? |
What are the key factors affecting the Bio-alcohols and Bio-esters of Green Solvents and Bio Solvents Market? |
What is the CAGR/Growth Rate of Paints & Coatings during the forecast period? |
By type, which segment accounted for largest share of the global Green Solvents and Bio Solvents Market? |
Which region is expected to dominate the global Green Solvents and Bio Solvents Market within the forecast period? |
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