DUBLIN--(BUSINESS WIRE)--The "Global Green and Bio-Based Solvents Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The market for green and bio-based solvents is expected to register a significant growth during the forecast period, 2018 to 2023.
Lower environmental impact resulted from low toxicity, high biodegradability and lower volatile organic compounds (VOCs) is generated during the manufacture of the green and bio-based solvent than a petro chemically based counterpart. Green and bio-based solvents are gaining an increasing share of the industrial solvents market with the help of environmental standards, which are being proposed globally.
Paints & coatings segment holds the largest share of the global green and bio-based solvents market in 2017. More than 40 percent of the global green and bio-based solvents market is fuelled through the demand from paints and coatings industry. Lactate esters solvents are commonly used green solvents in the paints and coatings industry and particularly ethyl lactate is a fascinating solvent for the coatings industry as it is successfully replaced solvents, like NMP, toluene, acetone, and xylene.
Though North America is the major regional shareholder of the global green and bio-based solvents market, Asia-Pacific represents the market with highest growth owing to the immense demand from the paints & coatings, agrochemical solutions, pharmaceuticals, cosmetics and other applications in the countries, like China, Malaysia, India, and Thailand. The huge market size with the highest growth rate is expected to further concrete the position of Asia-Pacific in the global green and bio-based solvents market in the coming years.
- Archer Daniels Midland Company
- Bio Brands LLC
- BioAmber Inc
- Cargill Inc.rporated.
- Cremer Oleo Gmbh & Co Kg.
- Elevance Renewable Sciences Inc.
- Florachem Corporation.
- Florida Chemical Company
- Gemtek Products
- Gevo Inc.
- Huntsman International LLC.
- LyondellBasell Industries Holdings B.V.
- Merck KGaA
- Myriant Corporation
- Vertec Biosolvents.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Forecast, & CAGR)
6. Regional Analysis (Market Size, Forecast, & CAGR)
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/924kqk/global_green_and?w=4