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)
Application Overview, 2019-2028, (USD Billion)
Paints & coatings
Industrial & domestic cleaners
Regional Overview, 2019-2028, (USD Billion)
Rest of Europe
Rest of Asia-Pacific
Central & South America
Middle East & Africa
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