Green & bio-based solvents are characterized by low toxicity, low miscibility, higher boiling point, less odor, and easy recycling process. Thus, green & bio-based solvents are eco-friendly. These properties or inherent advantages makes them suitable for usage in various applications.
Industrial solvents are used as component ingredients in formulated products or as processing aids in manufacturing. Demand will grow modestly but the mix of solvents will continue to change dramatically under environmental and regulatory pressure designed to reduce emissions of ODS (Ozone Depleting Substances), VOCs (Volatile Organic Compounds) and HAPs (Hazardous Air Pollutants). Environmentally friendly “green solvents” and conventional solvents that are regulation exempt to replace conventional hydrocarbon and chlorinated solvents.
North America is the biggest producer and consumer of bio solvents, the production accounted for 33.78% of global production in 2015, followed by Europe, accounted for 26.62%. Asia Pacific is expected to witness the highest growth rate over the forecast period. The region is expected to grow at an estimated CAGR of 10.3% from 2015 to 2021. Growth of major end-use industries particularly in China and India is expected to drive the regional market.
Based on our recent survey, we have several different scenarios about the Green and Bio Solvents 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 6407.6 million in 2019.
The raw materials of bio solvents are mainly corn and vegetable oils. The bio solvents market offers immense opportunities countries such as USA, India, and China, as these regions have high petroleum prices and a large number of diesel and gasoline fueled vehicles.
On the basis of application, bio solvents market is segmented as paints & coatings, adhesives & sealants, and printing inks among other niche applications such as pharmaceuticals and cosmetics. Increasing construction spending in emerging markets such as Brazil, China, India and Mexico on account of rapid industrialization and urbanization rates is expected to remain a key driving factor for this segment. The shift in trends towards using eco-friendly paints coupled with growing construction industry is expected to drive bio solvents demand.
Global bio solvents market is concentrated with top five companies accounting for more than 50% of the market share in 2015. Major companies operating in the global market include Archer Daniels Midland Company, BASF SE, Bioamber Inc, Huntsman Corporation, E.I. Dupont De Nemours & Co, The DOW Chemical Company, Vertec Biosolvents Inc, Florida Chemicals Company Inc, Cargill Inc, Galactic, LyondellBasell and Solvay.
In the competitive analysis section of the report, leading as well as prominent players of the global Green and Bio Solvents market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Green and Bio Solvents market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Green and Bio Solvents market.
The following manufacturers are covered in this report:
Archer Daniels Midland Company
Vertec Biosolvents Inc
Florida Chemicals Company Inc
Pinova Holding INC
Green and Bio Solvents Breakdown Data by Type
Green and Bio Solvents Breakdown Data by Application
Industrial & Domestic Cleaners
Paints & Coatings
Regional and Country-level Analysis
The report offers an exhaustive geographical analysis of the global Green and Bio Solvents market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.
Sales and Pricing Analyses
Readers are provided with deeper sales analysis and pricing analysis for the global Green and Bio Solvents market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.
In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.
Table of Contents
1 Study Coverage
2 Executive Summary
3 Global Green and Bio Solvents Competitor Landscape by Players
4 Breakdown Data by Type (2015-2026)
5 Breakdown Data by Application (2015-2026)
6 North America
8 Asia Pacific
9 Latin America
10 Middle East and Africa
11 Company Profiles
11.1 Archer Daniels Midland Company
11.1.1 Archer Daniels Midland Company Corporation Information
11.1.2 Archer Daniels Midland Company Description, Business Overview and Total Revenue
11.1.3 Archer Daniels Midland Company Sales, Revenue and Gross Margin (2015-2020)
11.1.4 Archer Daniels Midland Company Green and Bio Solvents Products Offered
11.1.5 Archer Daniels Midland Company Recent Development
11.2 BASF SE
11.2.1 BASF SE Corporation Information
11.2.2 BASF SE Description, Business Overview and Total Revenue
11.2.3 BASF SE Sales, Revenue and Gross Margin (2015-2020)
11.2.4 BASF SE Green and Bio Solvents Products Offered
11.2.5 BASF SE Recent Development
11.3 Huntsman Corporation
11.5 Vertec Biosolvents Inc
11.6 Florida Chemicals Company Inc
11.7 Cargill Inc
11.1 Archer Daniels Midland Company
12 Future Forecast by Regions (Countries) (2021-2026)
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
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