Green and bio-based solvents serve as an alternative to the conventional solvents in the market as they help in reducing the negative environmental impact caused from the use of solvents in chemical production. Green and bio-based solvents are produced from renewable resources; they are biodegradable, non-corrosive & non-carcinogenic in nature, recyclable and help prevent ozone depletion.
Easy availability of biofuels, rising environmental awareness and increasing demand for sustainable products are main factors contributing to the growth of market. Rising environmental awareness has increased the preference for bio-based or green solvents over conventional solvents. As these solvents are VOC-free, consumers are not exposed to harmful chemicals. Biofuels are derived from plants or animals and these raw materials are easily available in the market. This offers significant opportunities for the production of biofuel. Moreover, the transportation of biofuels is also much easier than conventional fossil fuels. The rising demand from key application segments such as paints & coatings and adhesives is also expected to propel the market demand over the forecast period. The growing application scope of green & bio-based solvents in the afore mentioned segments can be attributed to the minimal environmental impacts caused by the products, mainly as they are derived from organic and renewable sources. North America would continue to dominate the market through 2020 due to intense awareness among the consumers for the adoption of green solvents and robust improvement in the U.S. & Mexican construction industry. However, Asia-Pacific will be the fastest growing market and is expected to grow at a CAGR of 6.2% during 2015-2020.
The global Bio-based Solvent market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Bio-based Solvent volume and value at global level, regional level and company level. From a global perspective, this report represents overall Bio-based Solvent market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Bio-based Solvent in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Bio-based Solvent manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Archer Daniels Midland Company
BASF
Cargill
The Dow Chemical Company
...
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Lactate Esters
Methyl Soyate
Alcohols
D-Limonene
Others
Summary: Get latest Market Research Reports on Bio-based Solvent. Industry analysis & Market Report on Bio-based Solvent is a syndicated market report, published as Global Bio-based Solvent Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Bio-based Solvent market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.