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PUBLISHER: IMARC | PRODUCT CODE: 1370195
PUBLISHER: IMARC | PRODUCT CODE: 1370195
Green and Bio-Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 139 Pages
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Abstract
Market Overview:
The global green and bio-solvents market size reached US$ 12.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Green and bio-solvents refer to environment-friendly chemical substances that are derived from agricultural sources. They are manufactured after processing of crops, such as corn, sugarcane, and lactic acid, refined glycerin, bio-succinic acid and soybean oil. Water- and hydrocarbon-based variants are two of the most commonly used green and bio-solvents. They exhibit various advantageous properties, such as high boiling point, minimal odor, convenient recyclability and low toxicity. In comparison to the traditionally used petrochemical-based solvents, they emit a lesser amount of volatile organic compounds (VOCs) while manufacturing and handling. As a result, they find extensive applications in the manufacturing of agrochemicals, paints, coatings, printing inks, adhesives, sealants, pharmaceuticals, cosmetics and domestic cleaning products.
Green and Bio-Solvents Market Trends:
The growing demand for environment-friendly solvents across industries is one of the key factors creating a positive outlook for the market. Green solvents are manufactured using lactate ester solvents, which are non-carcinogenic, noncorrosive and nonozone-depleting, and are rapidly replacing synthetic solvents, such as toluene, acetone and xylene. In line with this, these solvents are also used for drug discovery and development by extracting and separating compounds from mixtures. Additionally, various advancements in production technologies and numerous product innovations are acting as other growth-inducing factors. For instance, bio-solvents are used in the agriculture industry to increased yield, improved product quality and reduced cost of production. Other factors, including the growing demand for consumer products, such as perfumes, along with extensive research and development (R&D) activities and enhanced focus on sustainable development, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global green and bio-solvents market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and application.
Breakup by Type:
Lactate Esters
Methyl Soyate Solvents
Bio-Alcohols, Bio-Diols and Bio-Glycols
D-Limonene
Others
Breakup by Application:
Paints and Coatings
Printing Inks
Cleaning Products
Adhesives and Sealants
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Archer Daniels Midland Company, BASF SE, Cargill, Incorporated, CREMER OLEO GmbH & Co. KG, Dow Inc., Elevance Renewable Sciences Inc., Florachem Corporation, Huntsman Corporation, LyondellBasell Industries N.V. and Vertec Biosolvents Inc.
Key Questions Answered in This Report
- 1. What was the size of the global green and bio-solvents market in 2022?
- 2. What is the expected growth rate of the global green and bio-solvents market during 2023-2028?
- 3. What are the key factors driving the global green and bio-solvents market?
- 4. What has been the impact of COVID-19 on the global green and bio-solvents market?
- 5. What is the breakup of the global green and bio-solvents market based on the type?
- 6. What is the breakup of the global green and bio-solvents market based on the application?
- 7. What are the key regions in the global green and bio-solvents market?
- 8. Who are the key players/companies in the global green and bio-solvents market?
Product Code: SR112023A2567
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Green and Bio-Solvents Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Lactate Esters
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Methyl Soyate Solvents
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Bio-Alcohols, Bio-Diols and Bio-Glycols
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 D-Limonene
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Others
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
7 Market Breakup by Application
- 7.1 Paints and Coatings
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Printing Inks
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Cleaning Products
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Adhesives and Sealants
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Archer Daniels Midland Company
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 BASF SE
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Cargill, Incorporated
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 SWOT Analysis
- 13.3.4 CREMER OLEO GmbH & Co. KG
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Dow Inc.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Elevance Renewable Sciences, Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Florachem Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Huntsman Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 LyondellBasell Industries N.V.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 Vertec Biosolvents Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.1 Archer Daniels Midland Company
Product Code: SR112023A2567
List of Figures
- Figure 1: Global: Green and Bio-Solvents Market: Major Drivers and Challenges
- Figure 2: Global: Green and Bio-Solvents Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Green and Bio-Solvents Market: Breakup by Type (in %), 2022
- Figure 4: Global: Green and Bio-Solvents Market: Breakup by Application (in %), 2022
- Figure 5: Global: Green and Bio-Solvents Market: Breakup by Region (in %), 2022
- Figure 6: Global: Green and Bio-Solvents Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 7: Global: Green and Bio-Solvents (Lactate Esters) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Green and Bio-Solvents (Lactate Esters) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Green and Bio-Solvents (Methyl Soyate Solvents) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Green and Bio-Solvents (Bio-Alcohols, Bio-Diols and Bio-Glycols) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Green and Bio-Solvents (D-Limonene) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Green and Bio-Solvents (D-Limonene) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Green and Bio-Solvents (Other Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Green and Bio-Solvents (Other Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Green and Bio-Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Green and Bio-Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Green and Bio-Solvents (Printing Inks) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Green and Bio-Solvents (Printing Inks) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Green and Bio-Solvents (Cleaning Products) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Green and Bio-Solvents (Cleaning Products) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Green and Bio-Solvents (Adhesives and Sealants) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Green and Bio-Solvents (Adhesives and Sealants) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Green and Bio-Solvents (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Green and Bio-Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia Pacific: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia Pacific: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Green and Bio-Solvents Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Green and Bio-Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Global: Green and Bio-Solvents Industry: SWOT Analysis
- Figure 76: Global: Green and Bio-Solvents Industry: Value Chain Analysis
- Figure 77: Global: Green and Bio-Solvents Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Green and Bio-Solvents Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Green and Bio-Solvents Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Green and Bio-Solvents Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Green and Bio-Solvents Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Green and Bio-Solvents Market: Competitive Structure
- Table 6: Global: Green and Bio-Solvents Market: Key Players
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