The global bio-based solvent market is expected to grow at a CAGR of 8.41% during the period 2017-2021.
The report, Global Bio-based Solvent Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the rising environmental awareness. A majority of the chemical producers are shifting from conventional solvents to bio-based solvents owing to factors such as increasing demand for sustainable products and volatility of petroleum-based solvents. Rising environmental awareness has increased the preference for bio-based or green solvents over conventional solvents. As these solvents are VOC-free, consumers are not exposed to harmful chemicals.
One of the major drivers for this market is the increasing acceptance of bio-based solvents in various end-user industries. Growing focus on achieving sustainability through environment-friendly chemicals has increased the number of R&D activities on renewable resources. Bio-based solvents are increasingly preferred over conventional solvents as they use renewable raw materials and emit less VOC, thereby protecting the environment and adhering to the government regulations. They help reduce ozone depletion and cause less damage to the environment compared to conventional solvents.
- Archer Daniels Midland Company
- The Dow Chemical Company
Other prominent vendors
- Liberty Chemicals
- Myriant Corporation
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Market Segmentation By Type
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/sc52jn/global_biobased