Global Green Solvent Market, By Type (Esters, Alcohol, D-Limonene, Diols & Glycol, and Others), By E

Published Date: | Report Code : CH1910878

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The Green Solvents Market is expected to promise high growth owing to the increasing demand for use in various industrial applications in recent years. Increasing demand from End-Use Industries including paints & coatings, industrial & domestic cleaners, printing Inks, adhesives & sealants, and others is expected to drive the growth of the market. 

Green solvents are environment-friendly derived from agricultural crops. These solvents possess various properties that play a vital role in replacing petrochemical solvents or artificial solvents. Some of the agricultural sources used in the production of green solvents are soybean oil, bio-succinic acid, lactic acid, refined glycerin, sugarcane, corn, etc. These have low volatile emission content and thus, are environment-friendly in nature.

Segment Insights

The hazardous effects of various synthetic solvents and volatility in the price of crude oil are key factors driving the growth of the global green solvent market. The growth of various industries such as paints & coatings, adhesives & sealants, etc., is also anticipated to boost the growth of the market. Growing awareness and government regulations regarding the use of eco-friendly solvents are also expected to create opportunities for global green solvent market players.

Key Factors Impacting Market Growth:

  • Increasing demand for environment-friendly solvents
  • Growth in demand for use in various industrial applications
  • Volatility in the price of petrochemical solvents

Regional Analysis

On the basis of the region, the green solvent market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the green solvent market during the forecast period. This demand is with regards to the growth of major end-use industries such as paints & coatings, industrial & domestic cleaners, printing Inks, adhesives & sealants, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for a green solvent market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the green solvent market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered:  BASF SE, BioAmber Inc., Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell, E.I du Pont de Numerous and Company, Solvay S.A, and Huntsman Corporation…

Market Segmentation:

By Type:

  • Esters
  • Alcohol
  • D-Limonene
  • Diols & Glycol
  • Others

By End-Use Industry:

  • Paints & Coatings
  • Industrial & Domestic Cleaners
  • Printing Inks
  • Adhesives & Sealants
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By End-Use Industry
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Type
    • By End-Use Industry
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Type
    • By End-Use Industry
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Type
    • By End-Use Industry
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By End-Use Industry
  • Rest of the World
    • By Country (South America, Africa)
    • By Type
    • By End-Use Industry

Reasons To Buy This Report:

  • Market size estimation of the global green solvent market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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