[b]Green Solvents & Bio Solvents[b] are derived from natural sources such as plants, fruits, seeds and many others. Solvents help in dissolving solids, influencing viscosity, separation science, influence reaction rate and selectivity, heat management, enhance mixing, and others.
According to IndustryARC, the [b]Global Green Solvents and Bio Solvents Market[/b] is projected to grow at a [b]CAGR[/b] of [b]6.2%[/b] during the forecast period of 2015-2020.
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On market research, experts suggest that the global revenue in 2015 was approximately [b]$6.2 Billion[/b].
Segment wise, Green & Bio-Solvent based Paints & Coatings Market is estimated to grow at a CAGR of 5.2% during the period 2015-2020.
[b]Market Driving Factors:[/b]
The top most contributing driving factors of the Green Solvents and Bio Solvents Market, as surveyed by IndustryARC’s research analysts are:
• Governmental laws and acts passed to reduce the emissions of ODS, VOCs, and HAPs
• Falling demand for petrochemical solvents and the exporting countries
• The market is witnessing high competition in order to create product difference
• Uncertainty about oil price fluctuations
[b]Geographical Study of the Market:[/b]
Due to increasing environmental regulations and law enforcements, North America, Europe and APAC are showing high growth rates in the Green Solvents and Bio Solvents Market. The top contributing countries of this market are noted to be China, the U.S., Brazil and few more; with China having accounted for 46.7% of the total green solvents demand in Asia-Pacific region.
Developed regions like Spain, Germany, Japan, and Italy are depicting average growth rates in the Global market but are expected to rise to good scales during the forecast period 2015-2020.
[b]Notable Applications Brief:[/b]
While the Green Solvents and Bio Solvents Market is picking up quite a good number of applications, the main few attractive usages are noted to be asphalt paving, roofing shingles, extracting bitumen, heavy oil from Canadian Tar Sands and petroleum solvent replacement.
[b]REPORT SCOPE: [/b]
The Green Solvents and Bio Solvents Market is broadly segmented into 3 types based on the later given factors below. The broad segmentation is further led to a narrower stream of divisions made by experts of IndustryARC and mentioned in this research report.
1. By Type: Alcohols, Glycols, Esters, D-Limonene and Others.
2. By Application: Paints & Coatings, Adhesives, Printing Inks, Pharmaceuticals, Metal Cleaning/Industrial Cleaners and Others like Biocatalysis, thin layer chromatography.
3. By Geography: Americas, Europe, APAC and ROW.
[b]Key Market Players:[/b]
Few of the top notable competitors out of the complete list of 40+ companies of the Green Solvents and Bio Solvents Market which are studied in depth and mentioned in this research report are:
• The DOW Chemical Company
• BASF SE
• Cargill Incorporated
• Stepan Company
• Archer Daniels Midland Company
[b]**Report Description, Table of Contents, Companies Covered and Customization Options:[/b]
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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