DUBLIN, January 6, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/qxg6t3/green_and) has announced the addition of the "Green and Bio-Solvents Market by Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate & Others), & by Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others) - Global Forecast to 2020" report to their offering.
The green & bio-solvents market size, in terms of value, is estimated to reach USD 8.17 Billion by 2020, signifying a firm CAGR of over 7.94% between 2015 and 2020.
The drivers identified for the green & bio-solvents market are environmental & regulatory pressure designed to reduce the emissions of ODS, VOCs, and HAPs; reduced dependency on petrochemical solvents and the exporting countries; improved competitiveness from product differentiation; and uncertainty about oil price development.
Methyl soyate is the fastest-growing green & bio-solvent and it has become successful commercially as a viable green alternative industrial solvent on its own merits, as the market demand has increased exponentially from the past ten years. Besides methyl soyate, d-limonene and lactate esters are also high growth markets.
Cosmetics , pharmaceutical, and paints & coatings applications are estimated to witness the best growth prospects for green & bio-solvents. Symrise AG (Germany), Revlon (U.S), and Rossmann (Germany) are among many companies that have launched cosmetic products containing alpha-bisabolol in the last two decades, a sesquiterpene with marked anti-inflammatory, antibacterial, and antifungal properties. Glycerol, a by-product from the trans-esterification of vegetable oils, is very common in the cosmetic industry as a solvent for maceration of herbs and spices. The natural antioxidants from polyphenolic extract of rosemary are in high demand by the cosmetic industry.
The biggest market of bio-solvents is North America, followed by South America and Europe. It is estimated that Europe will record a moderate growth due to strong regulations for bio-solvents. The largest demand will typically be in industrialized countries, while the best production potential will be found in developing countries due to advantageous climate and abundant land.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Green & Bio-Solvents Market Analysis, By Type
8 Green & Bio-Solvents Market, By Application
9 Green & Bio-Solvents Market, By Region
10 Competitive Landscape
11 Company Profiles
- Archer Daniels Midland Company
- BASF SE
- Bioamber Inc.
- Cargill Inc.
- Cremer Oleo Gmbh & Co Kg.
- E.I. Dupont De Nemours & Co.
- Florida Chemicals Company Inc.
- Huntsman Corporation
- The DOW Chemical Company
- Vertec Biosolvents Inc.
For more information visit http://www.researchandmarkets.com/research/qxg6t3/green_and
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SOURCE Research and Markets