Transparency Market Research has released a new
market report titled “Green & Bio-based Solvents Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2015 - 2023.” According to the report, the global green &
bio-based solvents market was valued at US$4.32 bn in 2014 and is
anticipated to reach US$8.05 bn by 2023, expanding at a CAGR of 7.2%
between 2015 and 2023.
Green & bio-based solvents are bio-based solvents
manufactured using sugars, corn, beet root, and others. This makes
these products safe and effective replacements for the conventional
solvents made from crude oil. Green & bio-based solvents are
employed in various applications such as paints & coatings,
printing inks, commercial & domestic cleaning, adhesives &
sealants, pharmaceutical, and cosmetics.
This 198 page report gives readers a comprehensive
overview of the Green & Bio-based Solvents market. Browse Market
Research Report @
http://www.transparencymarketresearch.com/green-biobased-solvents-market.html
Growth in paints & coatings, printing inks, and
downstream industries is primarily estimated to augment the global
green & bio-based solvents market in the next few years.
Increasing research on various bio-based materials used as raw
materials is projected to boost the demand for green & bio-based
solvents in the next few years. However, high cost of raw materials
and complexity in manufacturing are anticipated to hamper market
growth during the forecast period. Rising demand for green &
bio-based solvents in the adhesives & sealants, cosmetics, and
pharmaceutical segments is anticipated to offer growth opportunities
to the market during the forecast period.
In terms of volume, bio-based ethanol was the largest
product segment of the global green & bio-based solvents market,
accounting for more than 45% share in 2014. Substantial
commercialization and wide application of bio-based ethanol are the
key reasons for the dominance of the segment. However, methyl soyate
is likely to be the fastest-growing segments during the forecast
period, owing to the commercialization of these bio-based solvents
and their extensive demand in end-user industries.
In terms of applications, paints & coatings was
the largest segment of the global green & bio-based solvents
market, constituting more than 40% share in 2014. Commercial &
domestic cleaning is projected to be another major application
segment between 2015 and 2023. Adhesives & sealants is likely to
be the fastest-growing application segment during the forecast
period, due to the rising demand for these products in automotive and
other downstream industries.
Developed regions are expected to dominate the green
& bio-based solvents market in the next few years, owing to easy
availability of raw materials and considerable manufacturing
expertise in these regions. North America is estimated to be the
largest market for green & bio-based solvents, followed by
Europe, during the forecast period. The green & bio-based
solvents market in Asia Pacific is also projected to witness high
growth, owing to the substantial demand for solvents in various
industries and increasing awareness about benefits associated with
bio-based solvents. The global market for green & bio-based
solvents is expescted to expand significantly in the near future.
Get accurate market forecast and analysis on the
Green & Bio-based Solvents market. Request a sample to stay
abreast on the key trends impacting this market@
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10136
Key players in the green & bio-based solvents
market include Cargill Inc., Vertec Biosolvents Inc., BioAmber Inc.,
BioMCN, Corbion nv, Galactic, Archer Daniels Midland Company, Florida
Chemical Company, Elevance Renewable Sciences, Inc., and Cobalt
Technologies.
The report segments the global green &
bio-based solvents market as follows:
Green & Bio-based Solvents Market - Product
Analysis
- Bio-based Methanol
- Bio-based Ethanol
- Bio-based Propanol
- Bio-based Butanol
- Bio-based Propylene Glycol
- Ethyl Lactate
- D-Limonene
- Methyl Soyate
- Others (Including hydrogen peroxide, bio-based butanediol, etc.)
Green & Bio-based Solvents Market -
Application Analysis
- Paints & Coatings
- Printing Inks
- Commercial & Domestic Cleaning
- Adhesives & Sealants
- Pharmaceutical
- Cosmetics
- Others (Including Agrochemicals, etc.)
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Us
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company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
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of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
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research techniques to develop distinctive data sets and research
material for business reports.
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