Global Green & Bio-Based Solvents Market Report By Product (Bio-Based Methanol, Bio-Based Ethanol, Bio-Based Propanol, Bio-Based Butanol, Bio-Based Propylene Glycol, Ethyl Lactate, D-Limonene, Methyl Soyate, and Others), Application (Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11210052
April 2021
Report Formats:

Based on the analysis the report identified that with the increasing area of sustainable chemistry along with the rising environmental concerns has prompted the adoption of green & bio-based solvent by chemical industries worldwide. Moreover, they are gaining popularity across the chemical and pharmaceutical industry owing to their renewability, biodegradability, low toxicity, and high melting point. Also, eco-friendly nature and low VOC content emission than synthetic solvents are raising their demand worldwide. Growing demand for green and bio-based solvents across various end-use industries such as adhesive and sealants, cosmetics, and pharmaceutical industries will open new opportunity growth for the market.

According to the Value Market Research (VMR), the Global Green & Bio-Based Solvent Market is estimated to grow at CAGR 7.4% and reach USD 10,680.5 MN by 2024. By volume, the market was estimated to reach XX.X KT by 2024 with a CAGR of X.X%.
 
ETHYL LACTATE IS HIGHLY PREFERRED AS THE GREEN SOLVENT
Ethyl lactate is likely to bring nearly USD XX.X MN by end of 2024. It is green and safe agrochemical solvent. It is used to extract phytonutrients from food waste, which can be further used in pharmaceutical, food, and cosmetic products as preservatives, natural antioxidants, colorants, and functional foods. Rising demand for economically viable and environmentally friendly solvent across various industries over traditional solvent is expected to raise the demand for ethyl lactate. Moreover, growing demand for large-scale organic synthesis chemicals is again raising the demand of the product.
 
PAINTS AND COATING EMERGES AS THE LARGEST APPLICATION SECTOR
Growing paints and coating industry across the globe is likely to raise the demand for green solvent, where they are used to disperse different component which is used in the paints formulation such as resins and pigments. However, solvents help to provide decorative and glossy paints for the surface. Therefore, growing demand for efficient and effective coating across various end-use industries such as automotive, construction, marine etc. is considered to be the major factor driving the growth of the segment. It estimated that by end of 2024, the paint and industry is projected to reach USD XX.X MN.
 
NORTH AMERICA IS LIKELY TO RULE THE MARKET
North America is likely to dominate the market owing to the rising adoption of green solvent across various end-use sectors along with the rapid expansion of construction industry in U.S. At the same time, the Asia-Pacific region is growing at the fastest rate owing to the growing consumption of green solvent in construction, pharmaceutical, paint & coating, cosmetic, agrochemical, and printing inks application.
 
COMPETITIVE INSIGHT
Archer Daniels Midland Company, Corbion NV, Vertec Biosolvents Inc., Cargill Inc.,  BioAmber Inc., BioMCN, Galactic, Florida Chemical Company, Elevance Renewable Sciences, Inc, and Cobalt Technologies. Players are coming with new products in order to meet the demand across the globe also the advent of new vendors in the market will present room for the growth.

As per this study the Global Green & Bio-based Solvents Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated at XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
 
With the increasing area of sustainable chemistry and the rising environmental concerns with increasing consumer awareness of eco-friendly products has prompted the adoption of green & bio-based solvent by chemical industries worldwide. Due to their renewability, biodegradability and low toxicity, and high melting point - green & bio-based solvents are gaining popularity in the various chemical and pharmaceutical industries.
 
Green and bio-based solvent are produced by the agricultural sources, such as corn, sugarcane, lactic acid, refined glycerin, bio-succinic acid, and soybean oil. These solvents are produced in biorefinery which combines biomass conversion process and equipment to produce fuel, power and chemical products like solvent from biomass. They are non-corrosive & non-carcinogenic in nature, recyclable and help to prevent ozone depletion, thus green & bio-based solvents are eco- friendly.
 
Market Dynamics
 
Fluctuating price of crude oil, adverse impact on the environment due to volatile organic compounds and rising adoption of green solvents in the end-user industries such as paints and coating, printing inks and others are the prime factors driving the growth of global green solvents market. On the other hand, high production cost limits the market growth to a certain extent.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of green & bio-based solvents.
 
Market Segmentation
 
The broad green & bio-based solvents market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product
  • Bio-Based Methanol
  • Bio-Based Ethanol
  • Bio-Based Propanol
  • Bio-Based Butanol
  • Bio-Based Propylene Glycol
  • Ethyl Lactate
  • D-Limonene
  • Methyl Soyate
  • Others
 
By Application
  • Paints & Coatings
  • Printing Inks
  • Commercial & Domestic Cleaning
  • Adhesives & Sealants
  • Pharmaceutical
  • Cosmetics
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for green & bio-based solvents in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Green & Bio-Based Solvents Market Share by Region (Representative Graph)
 
Europe Green & Bio-Based Solvents Market By Revenue
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the green & bio-based solvents market includes Cargill Inc., Vertec Biosolvents Inc., BioAmber Inc., BioMCN, Corbion NV, Galactic, Archer Daniels Midland Company, Florida Chemical Company, Elevance Renewable Sciences, Inc, and Cobalt Technologies. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . GREEN & BIO-BASED SOLVENTS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Product
           3.7.2 By Application
           3.7.3 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL GREEN & BIO-BASED SOLVENTS MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Bio-Based Methanol Market by Regions
       6.5 Bio-Based Ethanol Market by Regions
       6.6 Bio-Based Propanol Market by Regions
       6.7 Bio-Based Butanol Market by Regions
       6.8 Bio-Based Propylene Glycol Market by Regions
       6.9 Ethyl Lactate Market by Regions
       6.10. D-Limonene Market by Regions
       6.11 Methyl Soyate Market by Regions
       6.12 Others Market by Regions
 
7 . GLOBAL GREEN & BIO-BASED SOLVENTS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Paints & Coatings Market by Regions
       7.5 Printing Inks Market by Regions
       7.6 Commercial & Domestic Cleaning Market by Regions
       7.7 Adhesives & Sealants Market by Regions
       7.8 Pharmaceutical Market by Regions
       7.9 Cosmetics Market by Regions
       7.10. Others Market by Regions
 
8 . GLOBAL GREEN & BIO-BASED SOLVENTS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
 
9 . COMPETITIVE LANDSCAPE OF THE GREEN & BIO-BASED SOLVENTS COMPANIES
       9.1. Green & Bio-Based Solvents Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF GREEN & BIO-BASED SOLVENTS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Cargill Inc.
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Vertec Biosolvents Inc.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. BioAmber Inc.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. BioMCN
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Corbion NV
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Galactic
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Archer Daniels Midland Company
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Florida Chemical Company
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Elevance Renewable Sciences, Inc.
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Cobalt Technologies
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Product (Kilo Tons and USD MN)
  • Bio-Based Methanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Ethanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Propanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Butanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Propylene Glycol Market by Geography (Kilo Tons and USD MN)
  • Ethyl Lactate Market by Geography (Kilo Tons and USD MN)
  • D-Limonene Market by Geography (Kilo Tons and USD MN)
  • Methyl Soyate Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Analysis Market by Application (Kilo Tons and USD MN)
  • Paints & Coatings Market by Geography (Kilo Tons and USD MN)
  • Printing Inks Market by Geography (Kilo Tons and USD MN)
  • Commercial & Domestic Cleaning Market by Geography (Kilo Tons and USD MN)
  • Adhesives & Sealants Market by Geography (Kilo Tons and USD MN)
  • Pharmaceutical Market by Geography (Kilo Tons and USD MN)
  • Cosmetics Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Green & Bio-Based Solvents Market by Geography (Kilo Tons and USD MN)
  • North America Market Analysis (Kilo Tons and USD MN)
  • United State Market Analysis (Kilo Tons and USD MN)
  • Canada Market Analysis (Kilo Tons and USD MN)
  • Mexico Market Analysis (Kilo Tons and USD MN)
  • Europe Market Analysis (Kilo Tons and USD MN)
  • Europe Market Estimate by Country (Kilo Tons and USD MN)
  • United Kingdom Market Analysis (Kilo Tons and USD MN)
  • France Market Analysis (Kilo Tons and USD MN)
  • Germany Market Analysis (Kilo Tons and USD MN)
  • Italy Market Analysis (Kilo Tons and USD MN)
  • Russia Market Analysis (Kilo Tons and USD MN)
  • Spain Market Analysis (Kilo Tons and USD MN)
  • Rest of Europe Market Analysis (Kilo Tons and USD MN)
  • Asia Pacific Market Analysis (Kilo Tons and USD MN)
  • China Market Analysis (Kilo Tons and USD MN)
  • Japan Market Analysis (Kilo Tons and USD MN)
  • India Market Analysis (Kilo Tons and USD MN)
  • South Korea Market Analysis (Kilo Tons and USD MN)
  • Australia Market Analysis (Kilo Tons and USD MN)
  • Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  • Latin America Market Analysis (Kilo Tons and USD MN)
  • Brazil Market Analysis (Kilo Tons and USD MN)
  • Argentina Market Analysis (Kilo Tons and USD MN)
  • Peru Market Analysis (Kilo Tons and USD MN)
  • Chile Market Analysis (Kilo Tons and USD MN)
  • Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  • Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  • Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  • UAE Market Analysis (Kilo Tons and USD MN)
  • Israel Market Analysis (Kilo Tons and USD MN)
  • South Africa Market Analysis (Kilo Tons and USD MN)
  • Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
 
LIST OF FIGURES
 
  • Research Scope of Green & Bio-Based Solvents Report
  • Market Research Process
  • Market Research Methodology
  • Global Green & Bio-Based Solvents Market Size, by Region (Kilo Tons and USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Product
  • Market Attractiveness Analysis by Application
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Product (Kilo Tons and USD MN)
  • Bio-Based Methanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Ethanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Propanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Butanol Market by Geography (Kilo Tons and USD MN)
  • Bio-Based Propylene Glycol Market by Geography (Kilo Tons and USD MN)
  • Ethyl Lactate Market by Geography (Kilo Tons and USD MN)
  • D-Limonene Market by Geography (Kilo Tons and USD MN)
  • Methyl Soyate Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Market Analysis by Application (Kilo Tons and USD MN)
  • Paints & Coatings Market by Geography (Kilo Tons and USD MN)
  • Printing Inks Market by Geography (Kilo Tons and USD MN)
  • Commercial & Domestic Cleaning Market by Geography (Kilo Tons and USD MN)
  • Adhesives & Sealants Market by Geography (Kilo Tons and USD MN)
  • Pharmaceutical Market by Geography (Kilo Tons and USD MN)
  • Cosmetics Market by Geography (Kilo Tons and USD MN)
  • Others Market by Geography (Kilo Tons and USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis, 2020
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze competitive developments

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