Market Overview:
The global green/bio-based solvents 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 paints and coatings, adhesives and sealants, printing ink, industrial and domestic cleaners, and other applications. In terms of type, the esters segment is projected to lead the global green/bio-based solvents market during the forecast period. This can be attributed to their high performance as solvents coupled with low toxicity levels. In terms of application, paints & coatings is projected to lead the global green/bio-based solvents market during the forecast period owing to its growing demand from end-use industries such as automotive and construction.
Product Definition:
Green/Bio-Based Solvents are environmentally friendly solvents made from renewable resources. They are used to dissolve adhesives, coatings, and other materials. Green/Bio-Based Solvents are important because they are safe for the environment and can be used to replace traditional solvents that contain harmful chemicals.
Esters:
Esters are organic compounds derived from carbon and hydrogen. They are colorless, water-soluble, and viscous liquids that contain at least one ester group (–C(O)H). Ester groups can be linked together to form polymers. Some common esters include butyl (butyl acetate), ethyl (ethylene glycol), propyl (propylene glycol), isopropyl, and phenol formaldehyde resin among others.
Alcohols:
Alcohols are organic compounds and their ethene is a colorless, flammable liquid. It is used as a solvent in various industries such as chemical, pharmaceuticals, paints & coatings and personal care products. The global alcohol market size was valued at USD 17 billion in 2015 and it is expected to grow at an estimated CAGR of XX% from 2016 to 2024.
Application Insights:
Paints & coatings was the largest application segment and is anticipated to grow at a CAGR of XX% from 2018 to 2030. Increasing construction activities in emerging economies, such as China and India, are expected to drive product demand in this application segment over the forecast period.
The paints & coatings industry has witnessed significant growth over the past few years owing to rising consumer spending on home improvement projects and increasing awareness regarding new technologies for improving building exteriors. This trend is expected continue over the next few years with growing global demand for green/bio-based solvents that offer superior properties including low VOCs, high flash points (less toxic) which make them ideal alternatives for solvent-based paints & coatings applications across various end-use industries such as automotive, construction etcetera.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to witness significant growth over the forecast period. The region accounts for a major share of global GDP and has been experiencing strong economic growth, which is projected to continue over the coming years. This will result in increased construction activities, thereby driving product demand across various applications such as adhesives & sealants, paints & coatings, printing ink and industrial cleaners.
The growing population coupled with rising disposable income levels has resulted in high consumer spending on household goods including furniture assembly units as well as automobiles among others.
North America emerged as one of the prominent markets accounting for a revenue share of 22% in 2017 owing to increasing consumption from end-use industries such as paints & coatings, plastics manufacturing etc.
Growth Factors:
- Increasing demand from end-use industries: The global green/bio-based solvents 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/bio-based solvents from various end-use industries, such as paints & coatings, adhesives & sealants, and printing inks.
- Rising environmental concerns: There has been a growing concern among consumers about the use of traditional solvents that contain volatile organic compounds (VOCs). This has led to an increase in demand for green/bio-based solvents, which are environment friendly and do not release harmful gases into the atmosphere.
- Technological advancements: The development of new technologies that enable production of green/bio-based solvents is expected to drive market growth during the forecast period. For instance, Inventys Thermal Technologies Inc., a Canadian company, has developed a technology called “VeloxoTherm” which uses carbon dioxide as a solvent for producing biofuels and chemicals from biomass feedstocks. Such technological advancements are likely to boost market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Green/Bio-Based Solvents Market Research Report
By Type
Esters, Alcohols, D-Limonene, Others
By Application
Paints & Coatings, Adhesives & Sealants, Printing Ink, Industrial & Domestic Cleaners, Others
By Companies
BASF SE, Myriant Corporation, Dow, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell, Solvay SA, Huntsman Corporation
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Green/Bio-Based Solvents Market Report Segments:
The global Green/Bio-Based Solvents market is segmented on the basis of:
Types
Esters, Alcohols, D-Limonene, 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, Adhesives & Sealants, Printing Ink, Industrial & Domestic Cleaners, 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:
- BASF SE
- Myriant Corporation
- Dow
- Cargill Incorporated
- Gevo Inc.
- Vertec Bio solvents Inc.
- Florida Chemicals
- Lyondellbasell
- Solvay SA
- Huntsman Corporation
Highlights of The Green/Bio-Based Solvents 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:
- Esters
- Alcohols
- D-Limonene
- Others
- By Application:
- Paints & Coatings
- Adhesives & Sealants
- Printing Ink
- Industrial & Domestic Cleaners
- 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/Bio-Based Solvents 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.
How you may use our products:
- Correctly Positioning New Products
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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/Bio-Based Solvents are solvents that are derived from plant-based resources. These solvents can be used in a variety of applications, including manufacturing, oil and gas production, and the chemical and pharmaceutical industries.
Some of the key players operating in the green/bio-based solvents market are BASF SE, Myriant Corporation, Dow, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell, Solvay SA, Huntsman Corporation.
The green/bio-based solvents market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Green/Bio-Based Solvents 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/Bio-Based Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Green/Bio-Based Solvents 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/Bio-Based Solvents 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/Bio-Based Solvents Market Size & Forecast, 2020-2028
4.5.1 Green/Bio-Based Solvents Market Size and Y-o-Y Growth
4.5.2 Green/Bio-Based Solvents Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Esters
5.2.2 Alcohols
5.2.3 D-Limonene
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Paints & Coatings
6.2.2 Adhesives & Sealants
6.2.3 Printing Ink
6.2.4 Industrial & Domestic Cleaners
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Green/Bio-Based Solvents 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/Bio-Based Solvents 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Esters
9.6.2 Alcohols
9.6.3 D-Limonene
9.6.4 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 Market Size Forecast by Applications
9.10.1 Paints & Coatings
9.10.2 Adhesives & Sealants
9.10.3 Printing Ink
9.10.4 Industrial & Domestic Cleaners
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Esters
10.6.2 Alcohols
10.6.3 D-Limonene
10.6.4 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 Market Size Forecast by Applications
10.10.1 Paints & Coatings
10.10.2 Adhesives & Sealants
10.10.3 Printing Ink
10.10.4 Industrial & Domestic Cleaners
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Esters
11.6.2 Alcohols
11.6.3 D-Limonene
11.6.4 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 Market Size Forecast by Applications
11.10.1 Paints & Coatings
11.10.2 Adhesives & Sealants
11.10.3 Printing Ink
11.10.4 Industrial & Domestic Cleaners
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Esters
12.6.2 Alcohols
12.6.3 D-Limonene
12.6.4 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 Market Size Forecast by Applications
12.10.1 Paints & Coatings
12.10.2 Adhesives & Sealants
12.10.3 Printing Ink
12.10.4 Industrial & Domestic Cleaners
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Esters
13.6.2 Alcohols
13.6.3 D-Limonene
13.6.4 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) Market Size Forecast by Applications
13.10.1 Paints & Coatings
13.10.2 Adhesives & Sealants
13.10.3 Printing Ink
13.10.4 Industrial & Domestic Cleaners
13.10.5 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/Bio-Based Solvents Market: Competitive Dashboard
14.2 Global Green/Bio-Based Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Myriant Corporation
14.3.3 Dow
14.3.4 Cargill Incorporated
14.3.5 Gevo Inc.
14.3.6 Vertec Bio solvents Inc.
14.3.7 Florida Chemicals
14.3.8 Lyondellbasell
14.3.9 Solvay SA
14.3.10 Huntsman Corporation
