Global Green & Bio-based Solvents Market to Reach USD 8.05 bn and expanding at a CAGR of 7.2% between 2015 and 2023

ResearchMoz added Latest Research Report titled ” Green & Bio-based Solvents (Bio-based Methanol, Bio-based Ethanol, Bio-based Propanol, Bio-based Butanol, Bio-based Propylene Glycol, Ethyl Lactate, D-Limonene, Methyl Soyate, and Others) Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023 ” to it’s Large Report database.

Solvents are liquids with the capability to dissolve other materials without any chemical change in the solvent or the material. Based on the type or source of raw material, solvents can be classified into bio-based or petroleum-based. Petroleum-based solvents emit high amount of volatile organic compounds during their manufacturing process. This makes them environmentally unsafe. Additionally, these solvents are typically dependent on the prices of crude oil, leading to constant fluctuations in the prices of final products. On the other hand, green & bio-based solvents are characterized by low toxicity, low miscibility, higher boiling point, less odor, and easy recycling process. Thus, green & bio-based solvents are eco-friendly. These properties or inherent advantages makes them suitable for usage in various applications such as paints & coatings, printing inks, commercial & domestic cleaning, adhesives & sealants, pharmaceutical, and cosmetics. Rising demand for these solvents in paints & coatings, printing inks, and industrial cleaning applications has increased their usage in various end-user industries.

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This is likely to drive the green & bio-based solvents market in the next few years. However, availability of various low-cost petroleum-based substitutes and high costs associated with the production of green & bio-based solvents are projected to hamper market growth during the forecast period. High demand for these solvents in adhesives & sealants, pharmaceutical, and personal care industries is estimated to act as a major opportunity in the near future.

This report analyzes and forecasts the market for green & bio-based solvents at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023, considering 2014 as the base year. The study includes drivers and restraints of the global green & bio-based solvents market. It also covers impact of these drivers and restraints on demand for green & bio-based solvents during the forecast period. The report highlights opportunities in the green & bio-based solvents market at the global and regional level.

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Table of Content

Chapter 1 Preface

Report Description
Research Scope
Assumptions
Market Segmentation
Research Methodology

Chapter 2 Executive Summary

Global Green & Bio-based Solvents Market, 2014 – 2023, (Kilo Tons) (US$ Mn)
Green & Bio-based Solvents: Market Snapshot

Chapter 3 Green & Bio-based Solvents Market– Industry Analysis

Introduction
Value Chain Analysis
Market Drivers
Increasing Environmental Regulations over VOC Emissions Projected to Boost Green & Bio-based Solvents Market
Volatile Petroleum Prices & Increasing Adoption of Bio-based Solvents Projected to Boost Green & Bio-based Solvents Market
Restraints
High Cost of Production and Disparity of Raw Material Supply Anticipated to Act as Restraint for Green & Bio-based Solvents Market
Opportunity
Increasing Government Support for Research of Green & Bio-based Solvents Coupled with Broadening Application Array of Bio-Solvents Likely to Act as Opportunity for the Green & Bio-based Solvents Market

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