NEW YORK, Aug. 10, 2016 /PRNewswire/ -- The global green and bio solvents market is projected to reach USD 8.78 billion by the end of 2021, growing with a CAGR of 7.86% from 2016 to 2021. Green and bio solvents are majorly derived from agricultural sources such as corn, sugarcane, lactic acid, refined glycerine, bio succinic acid, soybean oil and similar others. Eco-friendly nature and low volatile organic compound (VOC) content emission than conventional petroleum based solvent were the prime reason for manufacturers to shift towards green solvent. Furthermore, the consumption of green and bio solvents are projected to display a tremendous growth owing to the rising concern of health and hygiene among household consumers' and institutional workers.
The report segments the global green & bio solvents market by type, application, and region. The types include bio-alcohols, bio-glycols, bio-diols, lactate esters, D-limonene, and methyl soyate, among other green and bio solvents. The applications covered in the report include industrial & domestic cleaners, paints & coatings, adhesives, printing inks, pharmaceuticals, cosmetics, and other applications.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. Among the various regions covered, North America is the largest market for green & bio-solvents, both in terms of volume and value, followed by Europe and Asia-Pacific.
The companies covered in the report include Archer Daniels Midland Company (U.S.), BASF SE (Germany), BioAmber Inc. (U.S.), Huntsman Corporation (U.S.), E.I. Du Pont de Nemours & Co. (U.S.), The Dow Chemical Company (U.S.), Vertec Biosolvents Inc. (U.S.), Florida Chemical Company (U.S.), Cargill Incorporated (U.S.), and Cremer Oleo GmbH & Co. KG (Germany), among others.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of green and bio solvents globally as well as regionally. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and value chain analysis of green & bio solvents. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the green and bio solvents market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the green and bio solvents market to understand the present and future trends in this market and formulate their strategies accordingly.
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