Global Green Solvents Market - 2019-2026

Global Green Solvents Market - 2019-2026

Global Green Solvents Market Overview
The global green solvents market was worth the US$ XX billion in 2018 and is expected to reach US$ XX billion by 2026, at a CAGR of XX % during the forecast period.
Green solvents are environmentally friendly solvents or bio solvents, which are derived from natural sources such as plants, seeds, fruits, and others. Green solvents can be used as an alternative to petrochemical solvent. Thus, an increase in the use of these green solvents in various end-user industries are expected to drive market growth.
Global Green Solvents Market – Market Dynamics
Growth in the end-user industries such as automotive, construction, health care, cosmetics, and others is one of the major factors that is driving the market growth. Green solvents easy to use, possess good sticking property, do not emit any toxic gases and cost effective. Also, increasing concern over volatile organic compounds to reduce such emission is enhancing green solvent market growth, thereby reduces smog formation and protects the environment. According to ibis world, during 2014-2018, cosmetic sales has grown by 11.5% to reach revenue of $12bn in 2018. Green solvents play a significant role in cosmetic preparations for the purposes of – dissolution enhancement, viscosity optimization and to enhance mixing. Overall, the surge in cosmetic industry will positively influence the global green solvents market.
Additionally, bio-solvent manufacturing companies and research institutions are making huge investments for the future advancements and technology of bio/green solvents.
Global Green Solvents Market – Segment Analysis
Based on the application the global green solvents market is broadly segmented as paints & coatings, adhesives & sealants, industrial cleaners, and others. Among all these paints & coatings accounted for major market share and it is predicted to grow at a higher CAGR during the forecast period. Paints and coatings are commonly applied to protect equipment and machines from corrosion and rusting. In paints, solvents readily dissolve different components used in the paint formulation including resin and pigment, thereby making it suitable for the application. Green solvent based automotive paint is non-toxic, owing to volatile organic compounds free and sustaining paint durability. Paints and coatings made using conventional solvents may cause skin allergies. Thus, there is an increase in the demand for green solvents as an alternative of conventional solvents. This is the major factor that anticipated to indicate the growth of the global green solvents market in the forthcoming years. For instance, according to the US Census Bureau, the revenue of paint and coating manufacturing in the U.S. from 2010 to 2016 has increased by approximately 38%.
Global Green Solvents Market – Geographical Analysis
The global Green Solvents market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific occupies the dominant share in the Green Solvents market and is expected to grow at a CAGR of XX% in the forecast period. Robust demand for the cosmetics, construction, automotive industries are propelling the market growth. Also, due to rising disposable income leading to higher consumer goods consumption and government regulations & policies regarding health and the environment. Additionally, emerging countries in this region are supporting green initiatives and provide incentives such as relaxation in tax returns. All these factors are projected to influence market expansion in the forthcoming years positively. For instance, according to Construction Industry Council (CIC), during 2017-2021 the Asia Pacific’s construction output will increase by 3.3%.
Global Green Solvents Market – Competitive Analysis
Significant players of the global green solvents market are Vertec Biosolvents, Akzo Nobel NV, The Dow Chemical Company, Shenzen Esun Industrial Company Ltd., BASF SE, Cargill Incorporated, Lyondell Basell Industries NV, Nexant, Astrobio, Florida Chemical Company Inc., and others. Majority of these players are adopting a few key strategies such as product launches, expansions, mergers & acquisitions, and others to sustain their position in the market. For instance, in August 2015, BASF SE introduced new bio-based solvent Polyol, which helps in manufacturing extremely low volatile organic compounds emission coatings for exterior and interior applications. In March 2017, Shenzen Esun Industrial Company extended its services in Holland.

Why Purchase the Report?
• Visualize the composition of the Green Solvents market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.
• Identify commercial opportunities in Green Solvents market by analyzing trends and co-development deals.
• Excel data sheet with thousands of data points of the Green Solvents market - level 4/5 segmentation.
• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key products of all major market players

Target Audience
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• Equipment Suppliers/ Buyers
• Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals
• Emerging Companies
• Manufacturers