Press release
Global Bio-based Solvent Market Become Dominant At CAGR Of 8.41% By 2021
Bio-based solvents are environment-friendly and emit less volatile organic compounds (VOCs). These solvents are derived from agricultural sources such as sugarcane, corn, refined glycerine, lactic acid, soybean oil, bio-succinic acid, and other similar products. Compared with petroleum-based conventional solvents, bio-based solvents are less toxic and are thus increasingly preferred by end-users. The consumption rate of green and bio-based solvents in the domestic and industrial fields is likely to increase significantly during the forecast period. Paints and coatings, printing inks, adhesives and sealants, cleaning products, and other industries use green and bio-based solvents on a large scale. Rising environmental awareness and increasing emphasis on human health and hygiene have propelled the use of environment-friendly bio-based solvents.
Technavios analysts forecast the global bio-based solvent market to grow at a CAGR of 8.41% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global bio-based solvent market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bio-based solvent.
The market is divided into the following segments based on geography:
APAC
Europe
North America
ROW
Technavio's report, Global Bio-based Solvent Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Archer Daniels Midland Company
BASF
Cargill
The Dow Chemical Company
Huntsman
Other prominent vendors
CREMER OLEO
Gevo
Liberty Chemicals
Myriant Corporation
Solvay
Market driver
Increasing acceptance of bio-based solvents in various end-user industries
For a full, detailed list, view our report
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Market challenge
High costs associated with the adoption of new technologies
For a full, detailed list, view our report
Market trend
Rising environmental awareness
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Market outline
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
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PART 06: Market segmentation by application
Global bio-based solvent market by application
Global bio-based solvent market for paints and coatings
Global bio-based solvent market for printing inks
Global bio-based solvent market for cleaning products
Global bio-based solvent market for adhesives and sealants
Global bio-based solvent market for others
PART 07: Market segmentation by type
Market size and forecast
PART 08: Geographical segmentation
Global bio-based solvent market by region
Bio-based solvent market in North America
Bio-based solvent market in Europe
Bio-based solvent market in APAC
Bio-based solvent market in Central and South America
Bio-based solvent market in ROW
PART 09: Decision framework
PART 10: Drivers and challenges
Market drivers
Market challenges
PART 11: Market trends
Emergence of North America as a key market for bio-solvents
Rising environmental awareness
Emerging opportunities for soy solvents
PART 12: Vendor landscape
Competitive landscape
Key vendors
PART 13: Key vendor analysis
Archer Daniels Midland Company
BASF
Cargill
The Dow Chemical Company
Huntsman
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