Green & Bio-Based Solvents Market Opportunities & Forecast 2020-2027

The substantially increasing colors and lacquers will fuel the growth of green and organic solvents in the near future. The market is projected to reach more than USD 10 billion by the end of 2028.

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Asia-Pacific is the fastest growing market owing to a huge demand in countries such as China for pharmaceuticals, agrochemical solutions, paints and coatings, cosmetics and other applications. As a result of growing population and per capita income, China is one of the world’s fastest-growing economies. This has a high supply of qualified staff and is the most populated nation in the world. The geography of the world provides convenient access for producers and retailers to markets for manufactured products. In addition, China’s cosmetics sector is rapidly growing. With its expansion into second and third-grade markets, domestic cosmetics brands are doing very well.

In terms of region the global market is divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. In terms of product the global green & bio-based solvents market in terms of product is segmented into bio-alcohols, bio-glycols, bio-diols, lactate esters, d-limonene, methyl soyate, and others. Similarly, in terms of application the global market is segmented into paints & coatings, industrial & domestic cleaners, adhesives, printing inks, pharmaceuticals, cosmetics, and others.

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Key players include Archer Daniels Midland Co., BASF SE, The Dow Chemical Co., Huntsman Corporation, E.I. DuPont De Nemours & Co., BioAmber Inc., Myriant Corporation, Cargill Inc., Cobalt Technologies, LyondellBasell

Key segments across green & bio-based solvents market

Product Overview, 2019-2028, (USD Billion)

Bio-alcohols

Bio-glycols

Bio-diols

Lactate esters

D-limonene

Methyl Soyate

Others

Application Overview, 2019-2028, (USD Billion)

Paints & coatings

Industrial & domestic cleaners

Adhesives

Printing inks

Pharmaceuticals

Cosmetics

Others

 

Regional Overview, 2019-2028, (USD Billion)

North America

 

U.S.

Canada

Mexico

Europe

 

Germany

UK

France

Rest of Europe

Asia Pacific

 

China

India

Japan

Rest of Asia-Pacific

Central & South America

 

Brazil

Argentina

Middle East & Africa

 

Saudi Arabia

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code – Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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