Green Solvents & Bio
Solvents are derived from natural sources such as plants, fruits, seeds and
many others. Solvents help in dissolving solids, influencing viscosity,
separation science, influence reaction rate and selectivity, heat management,
enhance mixing, and others.
MARKET TRENDS:
According to IndustryARC, the Global Green Solvents and Bio Solvents Market is projected to grow at a CAGR of 6.2% during the forecast period
of 2015-2020.
On market research, experts suggest that the global revenue
in 2015 was approximately $6.2 Billion.
Segment wise, Green & Bio-Solvent based Paints & Coatings
Market is estimated to grow at a CAGR
of 5.2% during the period 2015-2020.
Market Driving
Factors:
The top most contributing driving factors of the Green
Solvents and Bio Solvents Market, as surveyed by IndustryARC’s research
analysts are:
- Governmental laws and acts passed to reduce the emissions of ODS, VOCs, and HAPs
- Falling demand for petrochemical solvents and the exporting countries
- The market is witnessing high competition in order to create product difference
- Uncertainty about oil price fluctuations
Geographical Study of
the Market:
Due to increasing environmental regulations and law
enforcements, North America, Europe and APAC are showing high growth rates in
the Green Solvents and Bio Solvents Market. The top contributing countries of
this market are noted to be China, the U.S., Brazil and few more; with China
having accounted for 46.7% of the total green solvents demand in Asia-Pacific
region.
Developed regions like Spain, Germany, Japan, and Italy are
depicting average growth rates in the Global market but are expected to rise to
good scales during the forecast period 2015-2020.
Notable Applications
Brief:
While the Green Solvents and Bio Solvents Market is picking
up quite a good number of applications, the main few attractive usages are
noted to be asphalt paving, roofing shingles, extracting bitumen, heavy oil
from Canadian Tar Sands and petroleum solvent replacement.
REPORT SCOPE:
Market Segmentation:
The Green Solvents and Bio Solvents Market is broadly
segmented into 3 types based on the later given factors below. The broad segmentation
is further led to a narrower stream of divisions made by experts of IndustryARC
and mentioned in this research report.
- By Type: Alcohols, Glycols, Esters, D-Limonene and Others.
- By Application: Paints & Coatings, Adhesives, Printing Inks, Pharmaceuticals, Metal Cleaning/Industrial Cleaners and Others like Biocatalysis, thin layer chromatography.
- By Geography: Americas, Europe, APAC and ROW.
Key Market Players:
Few of the top notable competitors
out of the complete list of 40+ companies of the Green Solvents and Bio
Solvents Market which are studied in depth and mentioned in this research
report are:
·
The DOW Chemical Company
·
BASF SE
·
Cargill Incorporated
·
Stepan Company
·
Archer Daniels Midland Company
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