Loading...

Green/Bio-Based Solvents Market is Expected to Reach $13 billion, Globally, by 2020

 
 

quote The leading players in the market have adopted expansion and partnership/collaboration as the most preferred developmental strategies to expand their respective market presence. The prominent players profiled in this report, include BASF SE, BioAmber, Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo, Inc., Vertec Bio solvents, Inc., Florida Chemicals, Lyondellbasell and E.I. du Pont de Numerous and Company, Solvay S.A. and Huntsman Corporation. quote

Shiv Shukla

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Green/Bio-Based Solvents Market Report, published by Allied Market Research, forecasts that the global market is expected to reach 3,321 kilo tons by 2020, registering a CAGR of 4.3% during the period 2015-2020. Paints and coatings application segment contributed 43.6% share of the overall green solvents market, and is expected to maintain this trend during the forecast period.

Access full summary at: https://www.alliedmarketresearch.com/green-solvents-bio-solvents-market

Green solvents are bio-based solvents that are derived from various agricultural sources, such as corn, sugarcane, lactic acid, refined glycerine, bio succinic acid, vegetable oils, among others. Volatility in the crude oil prices, lower content of volatile organic compounds (VOC) and environment-friendly attribute of green solvents are the major factors fostering the growth of this market across the globe. Furthermore, increasing adoption of green solvents among the end users, including paints and coatings, printing inks and others; spiralling construction activities, automobile and consumer goods industries across the globe would supplement the market growth. However, high production cost due to capital-intensive production techniques coupled with heavy R&D investments are the major factors that would hamper the market growth.

The ester solvents segment accounted for the highest consumption in 2014 and would continue this trend during the forecast period, which was primarily due to its unique properties such as high solvency rate, easy availability and comparatively lower pricing than the other green solvents.

Key Findings of Green Solvents Market

  • Industrial and domestic cleaner application segment is projected to register highest CAGR of 7.3%, in terms of volume, during the forecast period.
  • Paints and coatings is forecast to be the largest revenue-generating segment of North America green solvents industry throughout the analysis period.
  • Solketal is projected to be the fastest growing segment in the alcohols, glycols & diols market during the forecast period.
  • Lactate esters segment accounted for around one-fourth of the total consumption in the overall green solvents market in 2014.
  • North America was the largest consumer of D-limonene across the globe in 2014.

North America and Europe collectively accounted for about 70.3% share of the market in 2014 and is expected to maintain their lead over the forecast period. Favorable government regulations and rapid adoption of innovative technologies are the key factors responsible for market growth in these regions. Rising environmental awareness among consumers and stringent environmental regulations on VOC emission of synthetic solvents have fostered the demand of green solvents in the North American region. However, Asia Pacific is projected to be the fastest growing region during the forecast period. This is due to increasing industrial activities coupled with rising environmental awareness among the consumers. China and Japan are the prime markets supplementing the growth of the Asia-Pacific green solvents market owing to booming manufacturing sectors and favorable government initiatives.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Ram D
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Green/Bio-Based Solvents Market by Type (Esters, Alcohols, diols & glycols, D-Limonene) and Application (Adhesives & Sealants, Printing Ink, Industrial & Domestic Cleaners, Paints & Coatings) - Global Opportunity Analysis and Industry Forecast, 2014 - 2020 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Green/Bio-Based Solvents Market"
Purchase Enquiry