DUBLIN--(BUSINESS WIRE)--The "Global Green and Bio-Based Solvents Market - Segmented by Type, Application, and Geography - Growth, Trends and Forecasts (2017 - 2022)" report has been added to Research and Markets' offering.
The market has been estimated at USD 6.07 billion in 2016 and is projected to reach USD 8.73 billion by 2022, growing at a CAGR of 7.55% during the forecast period, 2016 to 2022.
Green and bio-based solvents serve as an alternative to the conventional solvents in the market as they help in reducing the negative environmental impact caused from the use of solvents in chemical production. Green and bio-based solvents are produced from renewable resources; they are biodegradable, non-corrosive & non-carcinogenic in nature, recyclable and help prevent ozone depletion; thus, accelerating the demand for various paints and coating applications. However, the market faces certain drawbacks, such as the cost and availability of new technologies used in the production process of green and bio-based solvents, and the ambiguity relating to the supply of raw material feedstock, both, regarding cost and availability. These factors may act as a roadblock to the growth of the market.
The global green and bio-based solvents market have been segmented by application into paints & coatings, industrial & domestic cleaning, printing inks, adhesives & sealants, pharmaceutical, cosmetics, agriculture, and other applications. In 2015, the paints & coatings application accounted for more than 40% of the global green and bio-based solvents market.
Companies Mentioned:
- Archer Daniels Midland Co.
- Bioamber
- Cargill Inc.
- Cobalt Technologies
- Corbion NV
- Gevo, Inc.
- Huntsman Corp
- LyondellBasell
- Myriant Corp.
- Sigma-Aldrich
- Solvay S.A
- The DOW Chemical Co.
- Vertec Biosolvents Inc.
- Others
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Green and Bio-Based Solvents Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis (Market Size, Growth and Forecast)
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/5hfjlr/global_green_and
