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Bio-based Solvent-Global Market Insights and Sales Trends 2024
Synopsis
Green and bio-based solvents serve as an alternative to the conventional solvents in the market as they help in reducing the negative environmental impact caused from the use of solvents in chemical production. Green and bio-based solvents are produced from renewable resources; they are biodegradable, non-corrosive & non-carcinogenic in nature, recyclable and help prevent ozone depletion.
The global Bio-based Solvent market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Solvent in various end use industries. The expanding demands from the Adhesives & Sealants, Printing Ink, Industrial & Domestic Cleaners and Paints & Coatings, are propelling Bio-based Solvent market. Lactate Esters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Methyl Soyate segment is estimated at % CAGR for the next seven-year period.
Easy availability of biofuels, rising environmental awareness and increasing demand for sustainable products are main factors contributing to the growth of market. Rising environmental awareness has increased the preference for bio-based or green solvents over conventional solvents. As these solvents are VOC-free, consumers are not exposed to harmful chemicals. Biofuels are derived from plants or animals and these raw materials are easily available in the market. This offers significant opportunities for the production of biofuel. Moreover, the transportation of biofuels is also much easier than conventional fossil fuels. The rising demand from key application segments such as paints & coatings and adhesives is also expected to propel the market demand over the forecast period. The growing application scope of green & bio-based solvents in the afore mentioned segments can be attributed to the minimal environmental impacts caused by the products, mainly as they are derived from organic and renewable sources. North America would continue to dominate the market through 2020 due to intense awareness among the consumers for the adoption of green solvents and robust improvement in the U.S. & Mexican construction industry. However, Asia-Pacific will be the fastest growing market and is expected to grow at a CAGR of 6.2% during 2015-2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Solvent, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Solvent market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Solvent market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Solvent sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Solvent covered in this report include Archer Daniels Midland Company, BASF, Cargill and The Dow Chemical Company, etc.
The global Bio-based Solvent market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Archer Daniels Midland Company
BASF
Cargill
The Dow Chemical Company
Global Bio-based Solvent market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Solvent market, Segment by Type:
Lactate Esters
Methyl Soyate
Alcohols
D-Limonene
Others
Global Bio-based Solvent market, by Application
Adhesives & Sealants
Printing Ink
Industrial & Domestic Cleaners
Paints & Coatings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Solvent manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Solvent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Green and bio-based solvents serve as an alternative to the conventional solvents in the market as they help in reducing the negative environmental impact caused from the use of solvents in chemical production. Green and bio-based solvents are produced from renewable resources; they are biodegradable, non-corrosive & non-carcinogenic in nature, recyclable and help prevent ozone depletion.
The global Bio-based Solvent market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Bio-based Solvent in various end use industries. The expanding demands from the Adhesives & Sealants, Printing Ink, Industrial & Domestic Cleaners and Paints & Coatings, are propelling Bio-based Solvent market. Lactate Esters, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Methyl Soyate segment is estimated at % CAGR for the next seven-year period.
Easy availability of biofuels, rising environmental awareness and increasing demand for sustainable products are main factors contributing to the growth of market. Rising environmental awareness has increased the preference for bio-based or green solvents over conventional solvents. As these solvents are VOC-free, consumers are not exposed to harmful chemicals. Biofuels are derived from plants or animals and these raw materials are easily available in the market. This offers significant opportunities for the production of biofuel. Moreover, the transportation of biofuels is also much easier than conventional fossil fuels. The rising demand from key application segments such as paints & coatings and adhesives is also expected to propel the market demand over the forecast period. The growing application scope of green & bio-based solvents in the afore mentioned segments can be attributed to the minimal environmental impacts caused by the products, mainly as they are derived from organic and renewable sources. North America would continue to dominate the market through 2020 due to intense awareness among the consumers for the adoption of green solvents and robust improvement in the U.S. & Mexican construction industry. However, Asia-Pacific will be the fastest growing market and is expected to grow at a CAGR of 6.2% during 2015-2020.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Bio-based Solvent, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Bio-based Solvent market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Bio-based Solvent market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Bio-based Solvent sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Bio-based Solvent covered in this report include Archer Daniels Midland Company, BASF, Cargill and The Dow Chemical Company, etc.
The global Bio-based Solvent market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Archer Daniels Midland Company
BASF
Cargill
The Dow Chemical Company
Global Bio-based Solvent market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Bio-based Solvent market, Segment by Type:
Lactate Esters
Methyl Soyate
Alcohols
D-Limonene
Others
Global Bio-based Solvent market, by Application
Adhesives & Sealants
Printing Ink
Industrial & Domestic Cleaners
Paints & Coatings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Bio-based Solvent manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Bio-based Solvent in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Bio-based Solvent Market Overview
1.1 Bio-based Solvent Product Overview
1.2 Bio-based Solvent Market Segment by Type
1.2.1 Lactate Esters
1.2.2 Methyl Soyate
1.2.3 Alcohols
1.2.4 D-Limonene
1.2.5 Others
1.3 Global Bio-based Solvent Market Size by Type
1.3.1 Global Bio-based Solvent Market Size Overview by Type (2018-2029)
1.3.2 Global Bio-based Solvent Historic Market Size Review by Type (2018-2023)
1.3.3 Global Bio-based Solvent Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Bio-based Solvent Sales Breakdown by Type (2018-2023)
1.4.2 Europe Bio-based Solvent Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Bio-based Solvent Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Bio-based Solvent Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Bio-based Solvent Sales Breakdown by Type (2018-2023)
2 Global Bio-based Solvent Market Competition by Company
2.1 Global Top Players by Bio-based Solvent Sales (2018-2023)
2.2 Global Top Players by Bio-based Solvent Revenue (2018-2023)
2.3 Global Top Players by Bio-based Solvent Price (2018-2023)
2.4 Global Top Manufacturers Bio-based Solvent Manufacturing Base Distribution, Sales Area, Product Type
2.5 Bio-based Solvent Market Competitive Situation and Trends
2.5.1 Bio-based Solvent Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Bio-based Solvent Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Bio-based Solvent as of 2022)
2.7 Date of Key Manufacturers Enter into Bio-based Solvent Market
2.8 Key Manufacturers Bio-based Solvent Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Bio-based Solvent Status and Outlook by Region
3.1 Global Bio-based Solvent Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Bio-based Solvent Historic Market Size by Region
3.2.1 Global Bio-based Solvent Sales in Volume by Region (2018-2023)
3.2.2 Global Bio-based Solvent Sales in Value by Region (2018-2023)
3.2.3 Global Bio-based Solvent Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Bio-based Solvent Forecasted Market Size by Region
3.3.1 Global Bio-based Solvent Sales in Volume by Region (2024-2029)
3.3.2 Global Bio-based Solvent Sales in Value by Region (2024-2029)
3.3.3 Global Bio-based Solvent Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Bio-based Solvent by Application
4.1 Bio-based Solvent Market Segment by Application
4.1.1 Adhesives & Sealants
4.1.2 Printing Ink
4.1.3 Industrial & Domestic Cleaners
4.1.4 Paints & Coatings
4.2 Global Bio-based Solvent Market Size by Application
4.2.1 Global Bio-based Solvent Market Size Overview by Application (2018-2029)
4.2.2 Global Bio-based Solvent Historic Market Size Review by Application (2018-2023)
4.2.3 Global Bio-based Solvent Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Bio-based Solvent Sales Breakdown by Application (2018-2023)
4.3.2 Europe Bio-based Solvent Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Bio-based Solvent Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Bio-based Solvent Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Bio-based Solvent Sales Breakdown by Application (2018-2023)
5 North America Bio-based Solvent by Country
5.1 North America Bio-based Solvent Historic Market Size by Country
5.1.1 North America Bio-based Solvent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Bio-based Solvent Sales in Volume by Country (2018-2023)
5.1.3 North America Bio-based Solvent Sales in Value by Country (2018-2023)
5.2 North America Bio-based Solvent Forecasted Market Size by Country
5.2.1 North America Bio-based Solvent Sales in Volume by Country (2024-2029)
5.2.2 North America Bio-based Solvent Sales in Value by Country (2024-2029)
6 Europe Bio-based Solvent by Country
6.1 Europe Bio-based Solvent Historic Market Size by Country
6.1.1 Europe Bio-based Solvent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Bio-based Solvent Sales in Volume by Country (2018-2023)
6.1.3 Europe Bio-based Solvent Sales in Value by Country (2018-2023)
6.2 Europe Bio-based Solvent Forecasted Market Size by Country
6.2.1 Europe Bio-based Solvent Sales in Volume by Country (2024-2029)
6.2.2 Europe Bio-based Solvent Sales in Value by Country (2024-2029)
7 Asia-Pacific Bio-based Solvent by Region
7.1 Asia-Pacific Bio-based Solvent Historic Market Size by Region
7.1.1 Asia-Pacific Bio-based Solvent Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Bio-based Solvent Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Bio-based Solvent Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Bio-based Solvent Forecasted Market Size by Region
7.2.1 Asia-Pacific Bio-based Solvent Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Bio-based Solvent Sales in Value by Region (2024-2029)
8 Latin America Bio-based Solvent by Country
8.1 Latin America Bio-based Solvent Historic Market Size by Country
8.1.1 Latin America Bio-based Solvent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Bio-based Solvent Sales in Volume by Country (2018-2023)
8.1.3 Latin America Bio-based Solvent Sales in Value by Country (2018-2023)
8.2 Latin America Bio-based Solvent Forecasted Market Size by Country
8.2.1 Latin America Bio-based Solvent Sales in Volume by Country (2024-2029)
8.2.2 Latin America Bio-based Solvent Sales in Value by Country (2024-2029)
9 Middle East and Africa Bio-based Solvent by Country
9.1 Middle East and Africa Bio-based Solvent Historic Market Size by Country
9.1.1 Middle East and Africa Bio-based Solvent Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Bio-based Solvent Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Bio-based Solvent Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Bio-based Solvent Forecasted Market Size by Country
9.2.1 Middle East and Africa Bio-based Solvent Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Bio-based Solvent Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Archer Daniels Midland Company
10.1.1 Archer Daniels Midland Company Company Information
10.1.2 Archer Daniels Midland Company Introduction and Business Overview
10.1.3 Archer Daniels Midland Company Bio-based Solvent Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Archer Daniels Midland Company Bio-based Solvent Products Offered
10.1.5 Archer Daniels Midland Company Recent Development
10.2 BASF
10.2.1 BASF Company Information
10.2.2 BASF Introduction and Business Overview
10.2.3 BASF Bio-based Solvent Sales, Revenue and Gross Margin (2018-2023)
10.2.4 BASF Bio-based Solvent Products Offered
10.2.5 BASF Recent Development
10.3 Cargill
10.3.1 Cargill Company Information
10.3.2 Cargill Introduction and Business Overview
10.3.3 Cargill Bio-based Solvent Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Cargill Bio-based Solvent Products Offered
10.3.5 Cargill Recent Development
10.4 The Dow Chemical Company
10.4.1 The Dow Chemical Company Company Information
10.4.2 The Dow Chemical Company Introduction and Business Overview
10.4.3 The Dow Chemical Company Bio-based Solvent Sales, Revenue and Gross Margin (2018-2023)
10.4.4 The Dow Chemical Company Bio-based Solvent Products Offered
10.4.5 The Dow Chemical Company Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Bio-based Solvent Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Bio-based Solvent Industrial Chain Analysis
11.4 Bio-based Solvent Market Dynamics
11.4.1 Bio-based Solvent Industry Trends
11.4.2 Bio-based Solvent Market Drivers
11.4.3 Bio-based Solvent Market Challenges
11.4.4 Bio-based Solvent Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Bio-based Solvent Distributors
12.3 Bio-based Solvent Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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