Press release
Bio-solvents Market to Perceive Substantial Growth During 2016 - 2026
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Global Bio-solvents Market: Dynamics
Global bio-solvents market is expected to witness robust growth during forecast period. Over recent past, there have been significant advances in development of sustainable bio-solvents that are efficient and efficacious as compared to petroleum based solvents, moreover, such developments are expected to gather momentum over the forecast period. This, coupled with increasing adoption and penetration of these bio-solvents across key end use industries is expected to drive growth of global bio-solvents market during forecast period. Also, steady growth of key end use industries such as paints & coatings, industrial cleaning, agrochemicals, textiles & printing inks, and adhesives & sealants, among others especially across developing regions of the globe is expected to further propel the market for bio-solvents during forecast period. However, concerns as regards the effectiveness of these alternative solvents vis-a-vis comparative grades of petroleum based solvents is one of the factors that is likely to impede the growth of global bio-solvents market during initial part of forecast period. Also, relatively less stringent or absence of regulations pertaining to use of sustainable alternatives coupled with lack of awareness regarding such alternatives is likely to act as an impediment to growth of global bio-solvents market during forecast period. Also, relatively higher prices is another factor that is likely to affect the adoption of bio-solvents in certain parts of the globe during forecast period.
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Global Bio-solvents Market: Regional Outlook
Global bio-solvents market can be divided into seven major segments including North America, Eastern Europe, Asia Pacific, Japan, Latin America, Western Europe and Middle East and Africa. Global Bio-solvents Market is dominated by North America and Europe owing, primarily, to stringent regulations underlining the use of such products. APAC dominates supply of raw materials used for production of bio-solvents. Adoption of bio-solvents in the region is relatively low, however, it is expected to register relatively faster growth during forecast period, spearheaded by China
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Global Bio-solvents Market: Market Players
Competition landscape in global bio-solvents market is characterized by presence of companies that are channelizing efforts towards application-development so also towards improving process economics and efficiencies. Global Bio-solvents market is characterized by Some of the players operating in global bio-solvents market include Dow Chemical Company, BASF SE, BioAmber Inc., Cargill, Incorporated., Stepan Company, Archer Daniels Midland Company, Corbion, Vertec Bio-solvents & Carbon Neutral, Shenzhen Esuns Industrial Co., Ltd, Huntsman International LLC., and Florida Chemical Company, among others.
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