Press release
Green and Bio-Solvents Market Growing at a CAGR of 7.85% in 2025 With Cargill, BioAmber Inc., DuPont, Huntsman Corporation, The Dow Chemical Company, BASF, Archer Daniels Midland Company, Genomatica, Avantium, LanzaTech, Vivergo Fuels Ltd., KLK OLEO
Green and Bio-Solvents Market
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Green solvents are nature friendly solvents or biosolvents that are derived by processing the agriculture crops. They were developed as friendly solvent towards the environment alternate to petrochemical solvents. There are two types of solvents i.e. water based and hydrocarbon based. The latter emits volatile organic compounds during manufacture, handling, and use which has the negative impact on the environment. Green and bio based solvents are used in printing inks, paints and coating, commercial and domestic cleaning, adhesives and sealants, cosmetics, and pharmaceutical. The rising demand from key application segments such as paints & coating and adhesives is also expected to propel the market demand over the forecast period. The Canadian paints and coatings industry had shipments of USD1.9 billion in 2010.The UK paints and coating inks had generated revenue of USD2.7 billion in 2016. China produced 57% of coatings in the Asian Pacific and 28.50% of the world total in 2016. Coating companies produced a total of 1.91 million tonnes of coatings in June 2017.
Key Market Competitors: Global Green and Bio-Solvents Market
• Archer Daniels Midland Co.
• BASF
• The Dow Chemical Co.
• Huntsman Corporation
• Du Pont de Nemours & Co.
• Bio-Amber Inc
• Cargill Inc
• Cremer Oleo Gmbh & Co.
• Vertec Biosolvents Inc.
• Florida Chemical Company
• Green Biologics
• Novvi
• Licella
• Genomatica
• Avantium
• Lanzatech
• Vivergofuels
• Botaneco Inc.
• Klk Oleo
• Polygreen
• Sharon Laboratories
• Temix Oleo
• Myriant Corporation
• Gevo Inc.
• Solvay
• Sasol
• Ashland
• Shenzen Esun Industrial Co Ltd
• Exxon Mobil Corporation
• Diacel Chemical Industries Ltd
• Symrise AG
• Royal Dsm
• PPG Chemicals
• Genomatica Inc.
• Finasucre
• Wilmar bioethanol
Competitive Landscape: Global Green and Bio-Solvents Market
Global green and bio-solvents market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of green and bio-solvents market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Analysis:
The Global Green and Bio-Solvents Market is expected to reach USD 8.75 billion by 2025, from USD 6.09 billion in 2017 growing at a CAGR of 7.85% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Report Scope
1. To analyze growth strategies such as product launches and developments, acquisitions, expansions, and agreements adopted by major players in the Global Green and Bio-Solvents Market.
2. To identify key players operating in the Global Green and Bio-Solvents Market and comprehensively analyze their market rankings and core competencies.
3. To describe major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Global Green and Bio-Solvents Market and submarkets.
4. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
5. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Xyz market
6. The report offers market share appraisals for regional and global levels
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Segmentation: Global Green and Bio-Solvents Market
By Product
• Alcohols
• Bio-propanol
• Bio-butanol
• Bio-methanol
• Bio-ethanol
• Glycols
• Bio-based Polypropylene Glycols
• Bio-based Ethylene Glycols
• Diols
• Bio-based Butanediol
• Lactate Esters
• D-Limonene
• Methyl Soyate
• Others (2-methyltetrahydrofuran and hydrogen peroxide)
By Application
• Paints & Coatings
• Printing Inks
• Commercial & Domestic Cleaning
• Adhesives & Sealants
• Pharmaceutical
• Cosmetics
• Others (Including Agrochemicals)
By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)
Market Drivers:
• Environmental & regulatory pressure designed to reduce the emissions of ods, vocs, and haps.
• Reduced dependency on petrochemical solvents and the exporting countries.
• Improved competitiveness from product differentiation.
• Uncertainty about oil price development.
Market Restraints:
• Factors that will restrain market growth are huge investment cost to start production.
• Decreasing price of oil and gas and slow reaction rate compared to chemical solvents.
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