Green solvents are derived from the agricultural sources, such as corn, sugarcane, lactic acid, refined glycerin, bio succinic acid, soybean oil and similar others. Eco-friendly nature and low volatile organic compound (VOC) content emission than conventional petroleum based solvent were the prime reason for manufacturers to shift towards green solvent. In 2014, the market for green solvents stood at 2,600 kilotons and is expected to grow at a CAGR of 4.3% during 2015-2020. Volatility in the crude oil prices, hazardous environmental effects of volatile organic compounds and increasing adoption of green solvents in the end user industries such as paints and coating, printing inks and similar others are the key factors driving the growth of global green solvents market. However, its high production cost hampers the market growth to certain extent.
Green solvents are consumed across wide range of industries such as paints & coatings, printing inks, adhesives & sealants and industrial & domestic cleaning among others. Paints and coatings application segment would continue to lead the global green solvents market throughout the forecast period. Increasing environmental concerns in conjunction with rising consumer awareness towards eco-friendly products fuels the adoption of green solvent in paints and coating industry. Furthermore, the pace of consumption of green solvents in industrial & domestic cleaning industry will be highest during the forecast period. This is due to increasing concern of health and hygiene among household consumers’ and institutional workers.
Green solvents market has been segmented by type as esters, alcohols, diols & glycols, D-limonene and others. Furthermore, esters are segmented into lactate esters, methyl esters & others and alcohols, diols & glycols are segmented into solketal, isobutanol and others. The consumption of esters in the overall green solvents market will be highest during 2014-2020 due to its wide application area, comparatively lower price than other green solvents and easy availability. In terms of geography, the market has been segmented into North America, Europe, and Asia Pacific & LAMEA. 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.
Competitive Intelligence on prominent manufacturers of green solvents provide key insights in terms of strategies implemented to gain significant share in the green solvents market. Some of the leading manufacturers profiled in this report includes BASF SE, BioAmber Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell and E.I du Pont de Numerous and Company, Solvay S.A and Huntsman Corporation.
Key market segment
The market for global green solvents is segmented as
GLOBAL GREEN SOLVENTS MARKET - BY TYPES
GLOBAL GREEN SOLVENTS MARKET - BY APPLICATION
GLOBAL GREEN SOLVENTS MARKET - BY GEOGRAPHY
SIMILAR MARKET STUDIES
Notes: Sales, means the sales volume of Hydrolyzed polymaleic anhydride(HPMA) Revenue, means the sales value of Hydrolyzed polymaleic anhydride(HPMA) This report studies sales (consumption) of Hydrolyzed polymaleic anhydride(HPMA) in Global market, especially in United States, China, Europe, Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for ...
November 2016 | $4000 | View Details >>
2016 Global Non benzenoid diluents Industry Report is a professional and in-depth research report on the world's major regional market conditions of the Non benzenoid diluents industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). The report firstly introduced ...
July 2016 | $2850 | View Details >>
Notes: Production, means the output of 1,6-Hexanediol Revenue, means the sales value of 1,6-Hexanediol This report studies 1,6-Hexanediol in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering BASF Fushun ...
December 2016 | $2900 | View Details >>
Notes: Sales, means the sales volume of Butyl Hydroxyanisole Revenue, means the sales value of Butyl Hydroxyanisole This report studies Butyl Hydroxyanisole in China market, focuses on the top players in China market, with capacity, production, price, revenue and market share for each manufacturer, covering BASF SE Kraft Food Ingredients ABF Ingredients Ltd ...
February 2017 | $3200 | View Details >>
UPCOMING MARKET RESEARCH REPORTS
2017 © Copyright Big Market Research