Global Green and Bio Solvents Market

Infograph - Global Green and Bio Solvents Market

Global Green and Bio Solvents Market is expected to grow at a CAGR of 7.45% over the Forecast Period of 2018 – 2024

The growth in this market is primarily driven by factors such as increased demand for green solvents across end use application areas such as paints and coating and industrial cleaning applications among others. The green/bio solvents are increasingly used in paints and coating across construction, manufacturing, automotive, and marine among other applications. Moreover, the environmental issues associated with synthetic solvents and favorable government regulations for the use of green solvents across application industries are likely to augment the growth in this market over the forecast period. On the other hand, the high cost associated with the manufacturing of these solvents is likely to restrain the growth in this market over the forecast period. The fluctuations in the crude oil prices and instability in the prices of synthetic solvents are likely to provide opportunities for the companies operating in the green/bio solvents market over the forecast period. Moreover, the global trend of shifting from synthetic chemicals to bio-based chemicals is one of the crucial factors affecting the growth in this market. Regulations such as REACH have affected the consumption of the chemicals that are harmful to human health and to the environment; this in turn is likely to pave avenues for the manufacturing of the green/bio solvents over the next six years.

 

The report on Global Green and Bio Solvents Market covers segments such as type and application. The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the world In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The report provides profiles of the companies in the global Archer Daniels Midland Company, BASF SE, bioamber inc., huntsman corporation, E.I. Dupont de nemours & co., The dow chemical company, vertec biosolvents inc., florida chemicals company inc, cargill inc. and cremer oleo gmbh & co..