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This market study report presents a detailed segmentation of the global green and bio solvents market by type (lactate esters, methyl soyate solvents, alcohols, and D-limonene), by application (paints and coatings, printing inks, cleaning products, and adhesives and sealants), and by geography (APAC, Central and South America, Europe, North America, and ROW). The key vendors in the market are Archer Daniels Midland, BASF, BioAmber, Cargill, DOW Chemical, DuPont, and Huntsman.
Outlook of the green and bio solvents market
Extensive research carried out by the analysts at Technavio has shown that the global green and bio solvents market will grow at an impressive CAGR of more than 8% during the forecast period. The growing acceptance among numerous end-user industries is driving the market for green and bio solvents globally. The need for greener and sustainable chemicals has increased the research and development of renewable feedstock. Moreover, most companies prefer green and bio solvents over conventional chemical solvents. Also, green solvents use renewable raw materials as feedstock and emit less VOC. The low toxicity of green solvents has enabled their use in a variety of applications such as painting and coatings, printing inks, cleaning products, adhesives and sealants, pharmaceuticals, and agriculture chemicals, among others. The extensive applications of green and bio solvents across various industries are likely to propel the growth prospects of the green and bio solvents market during the forecast period.
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In this industry research report, analysts have estimated factors like the growing awareness of the various benefits of using methyl soyate as a bio-solvent to impel the prospects for market growth in the coming years. In 2006, BioSpan Technologies developed a variant of soy-based solvent that helped to replace conventional solvents like hydrocarbons. Moreover, the company developed a replacement for asphalt cement by blending bio solvents such as methyl soyate and other newly created solvents. The various uses of methyl soyate as a bio-solvent will bolster this market’s growth potential until the end of 2020.
Segmentation by application and analysis of the green and bio solvents market
-Paintings and coatings
-Printing inks
-Cleaning products
-Adhesives and sealants
During 2015, the paintings and coatings dominated the green and bio solvents market and accounted for nearly 42% of the market share. Rising concerns about the environment have forced paints and coatings manufacturers including powder coatings, high-solids, and waterborne coatings to shift toward solvents that contain fewer toxins and low VOC content. Moreover, implementation of stringent restrictive coating regulations will come into effect in the US and the EU during the predicted period which is going to aid in the growth of this market segment during the forecast period.
Geographical segmentation and analysis of the green and bio solvents market
-APAC
-Central and South America
-Europe
-North America
-ROW
In this industry research study, the analysts have estimated North America to be the largest market for green and bio solvents by 2020 and is expected to hold more than 37% of the market share by revenue. The revival of the construction industry will result in a significant increase in the demand for bio solvents in North America. Moreover, the rapid growth of customer-centric products market like cosmetics, toiletries, and cleaning products will aid in this market segment’s growth in the coming years.
Competitive landscape and key vendors
The global green and bio solvents market is characterized by the presence of a few prominent vendors like BASF and DOW Chemicals. The manufacturers are taking active measures to expand their product portfolio, and escalate the production capabilities to a strong position in the global market. The recent technological advancements, raw material improvements, and the development of new techniques are expected to drive the demand for green and bio solvents globally.
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Key vendors in this market are –
-Archer Daniels Midland
-BASF
-BioAmber
-Cargill
-DOW Chemical
-DuPont
-Hunstman
Other prominent vendors analyzed in this market research report are Cremer Oleo, Florida Chemical, Gevo, Liberty Chemicals, Myriant, Revlon, Solvay, Symrise, and Vertec Biosolvents.
Key questions answered in the report include
-What will the market size and the growth rate be in 2020?
-What are the key factors driving the global green and bio solvents market?
-What are the key market trends impacting the growth of the global green and bio solvents market?
-What are the challenges to market growth?
-Who are the key vendors in the global green and bio solvents market?
-What are the market opportunities and threats faced by the vendors in the global green and bio solvents market?
-Trending factors influencing the market shares of the APAC, Central and South America, Europe, North America, and ROW.
-What are the key outcomes of the five forces analysis of the global green and bio solvents market?
Table Of Contents – Major Key Points
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Overview
PART 05: Market landscape
Global kaolin mining market
PART 06: Market segmentation by application
Global kaolin mining market for paper
Global kaolin mining market for ceramics
Global kaolin mining market for paints and coatings
Global kaolin mining market for rubber
Global kaolin mining market for fiberglass
Global kaolin mining market for others
PART 07: Geographical segmentation
Kaolin mining market in APAC
Kaolin mining market in Western Europe
Kaolin mining market in North America
Kaolin mining market in rest of world (ROW)
PART 08: Market drivers
Increase in demand from China
Rapid urbanization in APAC
Demand from paper packaging market
……..CONTINUED
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