Market Overview:
The global green and bio-based solvent market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for environment-friendly products and stringent regulations on VOC emissions. In terms of volume, the bio-alcohols segment is projected to lead the market during the forecast period. This can be attributed to their high solvency power and low toxicity as compared with other conventional solvents.
Product Definition:
A green or bio-based solvent is a solvent that is derived from renewable resources. These solvents are often used in place of traditional solvents, which are derived from petroleum. The use of green or bio-based solvents can help reduce greenhouse gas emissions and dependence on fossil fuels.
Bio-alcohols:
Bio-alcohols are a group of bio-based solvents that contain one or more hydroxyl groups and one or more alcohol groups. Bio-alcohols have been in use for many years as cleaning agents, they can be produced from various natural raw materials such as sugarcane, wheat, corn starch and potatoes. However the commercial production of bio-alcohol is majorly based on the fermentation of sugars using microorganisms such as yeast.
Bio-glycols:
Bio-glycols are renewable solvents that are manufactured using sugar or starch feedstock. Bio-based solvents have been gaining importance on account of their environmental benefits such as reduced carbon footprint and high degradability. Growing demand for green solvent from end-use industries such as automotive, construction, pharmaceuticals, paints & coatings is expected to drive the market over the forecast period.
Application Insights:
Paints and coatings emerged as the leading application segment and accounted for over 30.0% of the global demand in 2017. Rising infrastructure spending, coupled with increasing urbanization, is expected to drive growth over the forecast period. Increasing use of water-based paints in construction industries on account of high water solubility is anticipated to further fuel product demand from 2018 to 2030.
Industrial & domestic cleaners are estimated to be one of the fastest growing segments owing to rising environmental concerns among consumers regarding usage of chemical-free products for cleaning purposes coupled with increasing awareness about health hazards associated with synthetic chemicals used in household cleaners and disinfectants.
Regional Analysis:
Asia Pacific was the largest regional market in 2016 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has led to an increasing demand for solvents. China, India, Japan and South Korea are among the major countries contributing to regional growth. Asia Pacific is also one of the most lucrative regions for global green and bio-based solvent manufacturers owing to low raw material costs coupled with cheap labor costs as compared to other regions.
North America emerged as a significant consumer due high consumption volumes of paints & coatings application in U.S.
Growth Factors:
- Increasing demand from end-use industries: The global green and bio-based solvent market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for green and bio-based solvents from various end-use industries, such as paints & coatings, pharmaceuticals, cosmetics, and food & beverages.
- Rising environmental concerns: There has been a growing awareness among consumers about the harmful effects of synthetic solvents on the environment. This has led to an increase in the adoption of green and bio-based solvents, which are less harmful to the environment.
- Technological advancements: The development of new technologies that enable production of green and bio-based solvents is expected to drive market growth during the forecast period. For instance, Inventys Thermal Technologies Inc., a Canadian company has developed an innovative technology called “VeloxoTherm” for producing ethanol from biomass using carbon dioxide (CO2). This technology helps reduce greenhouse gas emissions by up to 90%.
- Stringent regulations on use of synthetic solvents: Stringent regulations on use of synthetic solvents across various regions are likely to boost demand for green and bio-basedsolvents in near future .For instance ,the European Unionhas imposed stringent regulationson VOC emissionsfrom solvent based products .This is likelyto promote adoptionof greener alternativessuch
Scope Of The Report
Report Attributes
Report Details
Report Title
Green and Bio-Based Solvent Market Research Report
By Type
Bio-alcohols, Bio-glycols, Bio-diols, Lactate Esters, D-limonene, Methyl Soyate, Others
By Application
Paints & Coatings, Industrial & Domestic Cleaners, Adhesives, Printing Inks, Pharmaceuticals, Cosmetics, Others
By Companies
Archer Daniels Midland, BASF, DowDuPont, Huntsman Corporation, Corbin, Vertec Biosovent, Cargill, BioAmber, Galatic, Florida Chemical Company, Archer Daniels Midland
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Green and Bio-Based Solvent Market Report Segments:
The global Green and Bio-Based Solvent market is segmented on the basis of:
Types
Bio-alcohols, Bio-glycols, Bio-diols, Lactate Esters, D-limonene, Methyl Soyate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints & Coatings, Industrial & Domestic Cleaners, Adhesives, Printing Inks, Pharmaceuticals, Cosmetics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Archer Daniels Midland
- BASF
- DowDuPont
- Huntsman Corporation
- Corbin
- Vertec Biosovent
- Cargill
- BioAmber
- Galatic
- Florida Chemical Company
- Archer Daniels Midland
Highlights of The Green and Bio-Based Solvent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bio-alcohols
- Bio-glycols
- Bio-diols
- Lactate Esters
- D-limonene
- Methyl Soyate
- Others
- By Application:
- Paints & Coatings
- Industrial & Domestic Cleaners
- Adhesives
- Printing Inks
- Pharmaceuticals
- Cosmetics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Green and Bio-Based Solvent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Green and bio-based solvent are terms used to describe solvents that are made from renewable resources, such as plants or biomass. These solvents can be more environmentally friendly than traditional solvents, which can contain harmful chemicals.
Some of the major companies in the green and bio-based solvent market are Archer Daniels Midland, BASF, DowDuPont, Huntsman Corporation, Corbin, Vertec Biosovent, Cargill, BioAmber, Galatic, Florida Chemical Company, Archer Daniels Midland.
The green and bio-based solvent market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Green and Bio-Based Solvent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Green and Bio-Based Solvent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Green and Bio-Based Solvent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Green and Bio-Based Solvent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Green and Bio-Based Solvent Market Size & Forecast, 2018-2028
4.5.1 Green and Bio-Based Solvent Market Size and Y-o-Y Growth
4.5.2 Green and Bio-Based Solvent Market Absolute $ Opportunity
Chapter 5 Global Green and Bio-Based Solvent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Green and Bio-Based Solvent Market Size Forecast by Type
5.2.1 Bio-alcohols
5.2.2 Bio-glycols
5.2.3 Bio-diols
5.2.4 Lactate Esters
5.2.5 D-limonene
5.2.6 Methyl Soyate
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Green and Bio-Based Solvent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Green and Bio-Based Solvent Market Size Forecast by Applications
6.2.1 Paints & Coatings
6.2.2 Industrial & Domestic Cleaners
6.2.3 Adhesives
6.2.4 Printing Inks
6.2.5 Pharmaceuticals
6.2.6 Cosmetics
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Green and Bio-Based Solvent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Green and Bio-Based Solvent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Green and Bio-Based Solvent Analysis and Forecast
9.1 Introduction
9.2 North America Green and Bio-Based Solvent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Green and Bio-Based Solvent Market Size Forecast by Type
9.6.1 Bio-alcohols
9.6.2 Bio-glycols
9.6.3 Bio-diols
9.6.4 Lactate Esters
9.6.5 D-limonene
9.6.6 Methyl Soyate
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Green and Bio-Based Solvent Market Size Forecast by Applications
9.10.1 Paints & Coatings
9.10.2 Industrial & Domestic Cleaners
9.10.3 Adhesives
9.10.4 Printing Inks
9.10.5 Pharmaceuticals
9.10.6 Cosmetics
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Green and Bio-Based Solvent Analysis and Forecast
10.1 Introduction
10.2 Europe Green and Bio-Based Solvent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Green and Bio-Based Solvent Market Size Forecast by Type
10.6.1 Bio-alcohols
10.6.2 Bio-glycols
10.6.3 Bio-diols
10.6.4 Lactate Esters
10.6.5 D-limonene
10.6.6 Methyl Soyate
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Green and Bio-Based Solvent Market Size Forecast by Applications
10.10.1 Paints & Coatings
10.10.2 Industrial & Domestic Cleaners
10.10.3 Adhesives
10.10.4 Printing Inks
10.10.5 Pharmaceuticals
10.10.6 Cosmetics
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Green and Bio-Based Solvent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Green and Bio-Based Solvent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Green and Bio-Based Solvent Market Size Forecast by Type
11.6.1 Bio-alcohols
11.6.2 Bio-glycols
11.6.3 Bio-diols
11.6.4 Lactate Esters
11.6.5 D-limonene
11.6.6 Methyl Soyate
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Green and Bio-Based Solvent Market Size Forecast by Applications
11.10.1 Paints & Coatings
11.10.2 Industrial & Domestic Cleaners
11.10.3 Adhesives
11.10.4 Printing Inks
11.10.5 Pharmaceuticals
11.10.6 Cosmetics
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Green and Bio-Based Solvent Analysis and Forecast
12.1 Introduction
12.2 Latin America Green and Bio-Based Solvent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Green and Bio-Based Solvent Market Size Forecast by Type
12.6.1 Bio-alcohols
12.6.2 Bio-glycols
12.6.3 Bio-diols
12.6.4 Lactate Esters
12.6.5 D-limonene
12.6.6 Methyl Soyate
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Green and Bio-Based Solvent Market Size Forecast by Applications
12.10.1 Paints & Coatings
12.10.2 Industrial & Domestic Cleaners
12.10.3 Adhesives
12.10.4 Printing Inks
12.10.5 Pharmaceuticals
12.10.6 Cosmetics
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Green and Bio-Based Solvent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Green and Bio-Based Solvent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Green and Bio-Based Solvent Market Size Forecast by Type
13.6.1 Bio-alcohols
13.6.2 Bio-glycols
13.6.3 Bio-diols
13.6.4 Lactate Esters
13.6.5 D-limonene
13.6.6 Methyl Soyate
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Green and Bio-Based Solvent Market Size Forecast by Applications
13.10.1 Paints & Coatings
13.10.2 Industrial & Domestic Cleaners
13.10.3 Adhesives
13.10.4 Printing Inks
13.10.5 Pharmaceuticals
13.10.6 Cosmetics
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Green and Bio-Based Solvent Market: Competitive Dashboard
14.2 Global Green and Bio-Based Solvent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Archer Daniels Midland
14.3.2 BASF
14.3.3 DowDuPont
14.3.4 Huntsman Corporation
14.3.5 Corbin
14.3.6 Vertec Biosovent
14.3.7 Cargill
14.3.8 BioAmber
14.3.9 Galatic
14.3.10 Florida Chemical Company
14.3.11 Archer Daniels Midland
