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Global Bio-based Solvent Market 2017-2021

Global Bio-based Solvent Market 2017-2021

About Bio-based Solvent

Bio-based solvents are environment-friendly and emit less volatile organic compounds (VOCs). These solvents are derived from agricultural sources such as sugarcane, corn, refined glycerine, lactic acid, soybean oil, bio-succinic acid, and other similar products. Compared with petroleum-based conventional solvents, bio-based solvents are less toxic and are thus increasingly preferred by end-users. The consumption rate of green and bio-based solvents in the domestic and industrial fields is likely to increase significantly during the forecast period. Paints and coatings, printing inks, adhesives and sealants, cleaning products, and other industries use green and bio-based solvents on a large scale. Rising environmental awareness and increasing emphasis on human health and hygiene have propelled the use of environment-friendly bio-based solvents.

Technavio’s analysts forecast the global bio-based solvent market to grow at a CAGR of 8.41% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global bio-based solvent market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of bio-based solvent.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Bio-based Solvent Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Archer Daniels Midland Company
  • BASF
  • Cargill
  • The Dow Chemical Company
  • Huntsman
Other prominent vendors
  • CREMER OLEO
  • Gevo
  • Liberty Chemicals
  • Myriant Corporation
  • Solvay
Market driver
  • Increasing acceptance of bio-based solvents in various end-user industries
  • For a full, detailed list, view our report
Market challenge
  • High costs associated with the adoption of new technologies
  • For a full, detailed list, view our report
Market trend
  • Rising environmental awareness
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Bio-based Solvent Market 2017-2021

Technavio recognizes the following companies as the key players in the global bio-based solvent market: Archer Daniels Midland Company, BASF, Cargill, The Dow Chemical Company, and Huntsman

Other Prominent Vendors in the market are: CREMER OLEO, Gevo, Liberty Chemicals, Myriant Corporation, and Solvay.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising environmental awareness. A majority of the chemical producers are shifting from conventional solvents to bio-based solvents owing to factors such as increasing demand for sustainable products and volatility of petroleum-based solvents. 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.”

According to the report, one of the major drivers for this market is Increasing acceptance of bio-based solvents in various end-user industries. Growing focus on achieving sustainability through environment-friendly chemicals has increased the number of R&D activities on renewable resources. Bio-based solvents are increasingly preferred over conventional solvents as they use renewable raw materials and emit less VOC, thereby protecting the environment and adhering to the government regulations. They help reduce ozone depletion and cause less damage to the environment compared to conventional solvents.

Further, the report states that one of the major factors hindering the growth of this market is High costs associated with the adoption of new technologies. Constraints in technological expansion for producing bio-based solvents increases the cost of production. Substantial investments are required for R&D activities for developing technologies or cost-effective production processes. End-users must consider factors such as changes in operating costs, the safety of workers, process compatibility, and regulations associated with the use of substitutes.

Companies Mentioned

Archer Daniels Midland Company, BASF, Cargill, The Dow Chemical Company, Huntsman, CREMER OLEO, Gevo, Liberty Chemicals, Myriant Corporation, and Solvay.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Segmentation of global bio-based solvent market
    • Market size and forecast
      • Table Global bio-based solvent market 2016 and 2021 ($ millions)
      • Table Global bio-based solvent market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global bio-based solvent market by application
      • Table Global bio-based solvent market by application 2016 (% share of revenue)
      • Table Global bio-based solvent market by application 2021 (% share of revenue)
    • Global bio-based solvent market for paints and coatings
      • Table Global bio-based solvent market for paints and coatings 2016 and 2021 ($ million)
      • Table Global bio-based solvent market for paints and coatings 2016-2021
    • Global bio-based solvent market for printing inks
      • Table Global bio-based solvent market for printing inks 2016 and 2021 ($ million)
      • Table Global bio-based solvent market for printing inks 2016-2021
    • Global bio-based solvent market for cleaning products
      • Table Global bio-based solvent market for cleaning products 2016 and 2021 ($ million)
      • Table Global bio-based solvent market for cleaning products 2016-2021
    • Global bio-based solvent market for adhesives and sealants
      • Table Global bio-based solvent market for adhesives and sealants 2016 and 2021 ($million)
      • Table Global bio-based solvent market for adhesives and sealants 2016-2021
    • Global bio-based solvent market for others
      • Table Global bio-based solvent market for others 2016 and 2021 ($ million)
      • Table Global bio-based solvent market for others 2016-2021
  • Market segmentation by type
    • Market size and forecast
      • Table Global bio-based solvent market by type 2016 (% share of revenue)
  • Geographical segmentation
    • Global bio-based solvent market by region
      • Table Global bio-based solvent market by region 2016 (% share of revenue)
      • Table Global bio-based solvent market by region 2021 (% share of revenue)
    • Bio-based solvent market in North America
      • Table Bio-based solvent market in North America 2016 and 2021 ($ millions)
      • Table Bio-based solvent market in North America 2016-2021
    • Bio-based solvent market in Europe
      • Table Bio-based solvent market in Europe 2016 and 2021 ($ millions)
      • Table Bio-based solvent market in Europe 2016-2021
    • Bio-based solvent market in APAC
      • Table Bio-based solvent market in APAC 2016 and 2021 ($ millions)
      • Table Bio-based solvent market in APAC 2016-2021
    • Bio-based solvent market in Central and South America
      • Table Bio-based solvent market in Central and South America 2016 and 2021 ($ millions)
      • Table Bio-based solvent market in Central and South America 2016-2021
    • Bio-based solvent market in ROW
      • Table Bio-based solvent market in ROW 2016 and 2021 ($ millions)
      • Table Bio-based solvent market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Emergence of North America as a key market for bio-solvents
    • Rising environmental awareness
    • Emerging opportunities for soy solvents
  • Vendor landscape
    • Competitive landscape
    • Key vendors
      • Table Key vendors
      • Table Global bio-based solvent market: Other prominent vendors
  • Key vendor analysis
    • Archer Daniels Midland Company
      • Table Archer Daniels Midland Company: Business segmentation by revenue 2016 (%share)
      • Table Archer Daniels Midland Company: Geographical segmentation by revenue 2016 (%share)
    • BASF
      • Table BASF: Business segmentation by revenue 2016 (% share)
      • Table BASF: Geographical segmentation by revenue (% share)
    • Cargill
      • Table Cargill: Business segments
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016 (% share)
      • Table The Dow Chemical Company: Geographic segmentation by revenue 2016 (%share)
    • Huntsman
      • Table Huntsman: Business segmentation by revenue 2016 (% share)
      • Table Huntsman: Geographical segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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