HOME Top Market Reports Green and Bio-Solvents Market by Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate & Others), & by Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others) - Global Forecast to 2020

Green and Bio-Solvents Market by Type (Alcohols, Glycols, Diols, Lactate Esters, D-Limonene, Methyl Soyate & Others), & by Application (Industrial & Domestic Cleaners, Paints & Coatings, Adhesives, Printing Inks & Others) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: November 2015
Report Code: CH 1214

 

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The market size, in terms of value, of green & bio-solvents is estimated to be about USD 5.58 Billion in 2015 and is projected to reach USD 8.17 Billion by 2020, at a CAGR of 7.94% between 2015 and 2020. The green and bio-solvents market, along with its applications, witnessed a moderate-to-high growth in the past few years and is likely to continue so in the in the coming years. Bio-solvents have made rapid incursions into a variety of end-use segments such as printing inks, coatings, edible oil adhesives, food processing, and cleaning products, among others. These are based on soy methyl ester, lactate esters, and D-limonene from citrus rinds. Regulatory mandates for the printing ink industry have set stringent guidelines for the use of solvents, thereby driving the increased use of bio-solvents in the printing ink industry.

Research Methodology

This study aims to estimate the market of green and bio-solvents for 2015 and project its demand by 2020. It also provides a detailed qualitative and quantitative analysis of the market. Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the green and bio-solvents market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the market. To know about assumptions, download pdf brochure.

Green and Bio-Solvents Market

Stakeholders

  • Manufacturers of green and bio-solvents, green & bio-based resins, and other feedstock chemical manufacturers
  • Traders, distributors, and suppliers of green and bio-solvents
  • Regional manufacturers’ associations and general green and bio-solvents associations
  • Government and regional agencies and research organizations
  • End-use application market participants of green and bio-solvents, such as chemical industry, automotive industry, pharmaceutical industry, cosmetic industry, food & flavors industry, and fragrance industry, among others
  • Investment banks and private equity firms
  • R&D institutions
  • Environment support agencies

The study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing efforts and investments and competitive landscape of the market.

Scope of the Report

The green and bio-solvents market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included. The market is segmented as follows:

On the basis of type:

  • Alcohols
    • Bio-propanol
    • Bio-butanol
    • Bio-methanol
    • Bio-ethanol
  • Glycols
    • Bio-based Polypropylene Glycols
    • Bio-based Ethylene Glycols
  • Diols
    • Bio-based Butanediol
  • Lactate Esters
  • D-Limonene
  • Methyl Soyate
  • Others (2-methyltetrahydrofuran and hydrogen peroxide)

On the basis of application:

  • Industrial & Domestic Cleaners
  • Paints & Coatings
  • Adhesives
  • Printing Inks
  • Pharmaceuticals
  • Cosmetics
  • Others (Polymer Manufacturing, Agrochemicals, and Extraction of Food Products)

On the basis of region:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

The market is further analyzed for key countries in each of these regions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product Matrix which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the Rest of Asia-Pacific green and bio-solvents market into Australia, New Zealand, and others

Further breakdown of the RoW market into Latin America, Middle East and Africa

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Regional Scope
           1.3.2 Markets Covered
           1.3.3 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Package Size
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
                    2.1.2.1 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Green and Bio-Solvents Market
    4.2 Green and Bio-Solvents Market: Major Types
    4.3 Green and Bio-Solvents Market in North America
    4.4 Green and Bio-Solvents Market Share, By Region
    4.5 Green and Bio-Solvents Market: Developed vs Developing Nations
    4.6 Green and Bio-Solvents Market: Growing Demand From RoW
    4.7 Green and Bio-Solvents Market Attractiveness, By Application, 2020
    4.8 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
           5.1.1 Criteria for Solvent Selection
           5.1.2 Properties of Renewable Solvents
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Environmental & Regulatory Pressure Designed to Reduce the Emissions of ODS, Vocs, and Haps
                               5.2.1.1.1 Environmental & Regulatory Issues Impacting Solvents
                               5.2.1.1.1.1 Clean Air Act, 1990
                               5.2.1.1.2 Consumer & Commercial Products National Voc Emission Standard (1996)
                               5.2.1.1.3 State Laws
                               5.2.1.1.4 Worker Safety Issues
                    5.2.1.2 Reduced Dependency on Petrochemical Solvents and the Exporting Countries
                    5.2.1.3 Improved Competitiveness From Product Differentiation
                    5.2.1.4 Uncertainty About Oil Price Development
           5.2.2 Restraints
                    5.2.2.1 Uncertainty About the Reliability and Adequate Supply of Feedstocks
                    5.2.2.2 Availability, Reliability, and Cost of New Technologies
           5.2.3 Opportunities
                    5.2.3.1 Asphalt Paving and Roofing Shingles
                    5.2.3.2 Extracting Bitumen and Heavy Oil From Canadian Tar Sands
                    5.2.3.3 Petroleum Solvent Replacement in Key Applications
           5.2.4 Challenges
                    5.2.4.1 Scaling Up From Pilot Scale to Industrial Scale Production
                    5.2.4.2 Securing Profitability and Competitiveness

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Analysis
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Degree of Competition

7 Green and Bio-Solvents Market Analysis, By Type (Page No. - 52)
    7.1 Introduction
    7.2 Green and Bio-Solvents, By Type
           7.2.1 Bio-Alcohols
                    7.2.1.1 Bio-Propanol
                    7.2.1.2 Bio-Butanol
                    7.2.1.3 Bio-Methanol
                    7.2.1.4 Bio-Ethanol
           7.2.2 Bio-Glycols
                    7.2.2.1 Bio-Propylene Glycol
                    7.2.2.2 Bio-Ethylene Glycol
           7.2.3 Bio-Diols
                    7.2.3.1 Bio-Butanediol
           7.2.4 Lactate Esters
           7.2.5 D-Limonene
           7.2.6 Methyl Soyate
           7.2.7 Other Green & Bio-Solvents
                    7.2.7.1 2-Methyltetrahydrofuran
                    7.2.7.2 Hydrogen Peroxide

8 Green and Bio-Solvents Market, By Application (Page No. - 68)
    8.1 Introduction
           8.1.1 Industrial & Domestic Cleaners
                    8.1.1.1 Primary Green & Bio-Solvents Used in Industrial & Domestic Cleaners
           8.1.2 Paints & Coatings
                    8.1.2.1 Primary Green & Bio-Solvents Used in Paints & Coatings
           8.1.3 Adhesives
                    8.1.3.1 Primary Green & Bio-Solvents Used in Adhesives
           8.1.4 Printing Inks
                    8.1.4.1 Primary Green & Bio-Solvents Used in Printing Inks
           8.1.5 Pharmaceuticals
                    8.1.5.1 Primary Green & Bio-Solvents Used in Pharmaceuticals
           8.1.6 Cosmetics
                    8.1.6.1 Primary Green & Bio-Solvents Used in Cosmetics
           8.1.7 Other Applications

9 Green and Bio-Solvents Market, By Region (Page No. - 78)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Others
    9.3 Europe
           9.3.1 Germany
           9.3.2 the Netherlands
           9.3.3 U.K.
           9.3.4 Others
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Japan
           9.4.3 India
           9.4.4 Others
    9.5 RoW
           9.5.1 Brazil
           9.5.2 Others

10 Competitive Landscape (Page No. - 105)
     10.1 Overview
     10.2 Competitive Situation and Trends
     10.3 Agreement
     10.4 New Product Launch
     10.5 Expansion
     10.6 Other Developments

11 Company Profiles (Page No. - 111)
     11.1 Introduction
     11.2 Archer Daniels Midland Company
             11.2.1 Business Overview
             11.2.1 Products Offered
             11.2.2 Recent Developments
             11.2.3 SWOT Analysis
             11.2.4 MnM View
     11.3 BASF SE
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Bioamber Inc.
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 Huntsman Corporation
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 SWOT Analysis
             11.5.5 MnM View
     11.6 E.I. Dupont De Nemours & Co.
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
             11.6.4 SWOT Analysis
             11.6.5 MnM View
     11.7 The DOW Chemical Company
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 SWOT Analysis
             11.7.5 MnM View
     11.8 Vertec Biosolvents Inc.
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
     11.9 Florida Chemicals Company Inc.
             11.9.1 Business Overview
             11.9.2 Products Offered
             11.9.3 Recent Developments
     11.10 Cargill Inc.
             11.10.1 Business Overview
             11.10.2 Products Offered
             11.10.3 Recent Developments
     11.11 Cremer Oleo Gmbh & Co Kg.
             11.11.1 Business Overview
             11.11.2 Products Offered
             11.11.3 Recent Developments

12 Appendix (Page No. - 132)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports


List of Tables (96 Tables)

Table 1 Market for Green and Bio-Solvents Expected to Register Moderate Growth Between 2015 and 2020
Table 2 Important Factors in Selecting A Solvent
Table 3 Physical Properties of Green Solvents Produced From Renewable  Resources
Table 4 Solvent Property and Performance Attributes
Table 5 Short Term (1-3 Years) Impact of Crude Oil Prices & the Government Support on Bio-Solvents
Table 6 Green and Bio-Solvents Market Size, By Type, 2013–2020 (USD Million)
Table 7 Green and Bio-Solvents Market Size, By Type, 2013–2020 (Thousand Ton)
Table 8 Bio-Alcohol Solvent Market Size, By Type, 2013-2020 (USD Million)
Table 9 Bio-Alcohol Solvent Market Size, By Type, 2013-2020 (Thousand Ton)
Table 10 Bio-Propanol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 11 Bio-Propanol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 12 Bio-Butanol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 13 Bio-Butanol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 14 Bio-Methanol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 15 Bio-Methanol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 16 Bio-Ethanol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 17 Bio-Ethanol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 18 Bio-Glycol Solvent Market Size, By Type, 2013-2020 (USD Million)
Table 19 Bio-Glycol Solvent Market Size, By Type, 2013-2020 (Thousand Ton)
Table 20 Bio-Propylene Glycol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 21 Bio-Propylene Glycol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 22 Bio-Ethylene Glycol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 23 Bio-Ethylene Glycol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 24 Bio-Butanediol Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 25 Bio-Butanediol Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 26 Lactate Esters Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 27 Lactate Esters Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 28 D-Limonene Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 29 D-Limonene Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 30 Methyl Soyate Solvent Market Size, By Region, 2013–2020 (USD Million)
Table 31 Methyl Soyate Solvent Market Size, By Region, 2013–2020 (Thousand Ton)
Table 32 Other Green and Bio-Solvents Market Size, By Region, 2013–2020 (USD Million)
Table 33 Other Green and Bio-Solvents Market Size, By Region, 2013–2020 (Thousand Ton)
Table 34 Green & Bio-Solvents Applications
Table 35 Market Size, By Application, 2013–2020 (USD Million)
Table 36 Market Size, By Application, 2013–2020 (Thousand Ton)
Table 37 Green & Bio-Solvents Market Size in Industrial & Domestic Cleaners Application, By Region, 2013–2020 (USD Million)
Table 38 Market Size in Industrial & Domestic Cleaners Application, By Region, 2013–2020 (Thousand Ton)
Table 39 Green & Bio-Solvents Market Size in Paints & Coatings Application, By Region, 2013–2020 (USD Million)
Table 40 Market Size in Paints & Coatings Application, By Region, 2013–2020 (Thousand Ton)
Table 41 Market Size in Adhesives Application, By Region, 2013–2020 (USD Million)
Table 42 Market Size in Adhesives Application, By Region, 2013–2020 (Thousand Ton)
Table 43 Market Size in Printing Inks Application By Region, 2013–2020 (USD Million)
Table 44 Market Size in Printing Inks Application, By Region, 2013–2020 (Thousand Ton)
Table 45 Market Size in Pharmaceutical Application, By Region, 2013–2020 (USD Million)
Table 46 Market Size in Pharmaceutical Application, By Region, 2013–2020 (Thousand Ton)
Table 47 Market Size in Cosmetics Application, By Region, 2013–2020 (USD Million)
Table 48 Market Size in Cosmetics Application, By Region, 2013–2020 (Thousand Ton)
Table 49 Market Size in Other Applications, By Region, 2013–2020 (USD Million)
Table 50 Market Size in Other Applications, By Region, 2013–2020 (Thousand Ton)
Table 51 Market Size, By Region, 2013–2020 (USD Million)
Table 52 Market Size, By Region, 2013–2020 (Thousand Ton)
Table 53 North America: Green and Bio-Solvents Market Size, By Country,  2013–2020 (USD Million)
Table 54 North America: Market Size, By Country,  2013–2020 (Thousand Ton)
Table 55 North America: Market Size, By Type, 2013–2020 (USD Million)
Table 56 North America: Market Size, By Type, 2013–2020 (Thousand Ton)
Table 57 North America: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 58 North America: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 59 North America: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 60 North America: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 61 North America: Green and Bio-Solvents Market Size, By Application, 2013–2020 (USD Million)
Table 62 North America: Market Size, By Application, 2013–2020 (Thousand Ton)
Table 63 Europe: Green and Bio-Solvents Market Size, By Country,  2013–2020 (USD Million)
Table 64 Europe: Market Size, By Country,  2013–2020 (Thousand Ton)
Table 65 Europe: Green and Bio-Solvents Market Size, By Type, 2013–2020 (USD Million)
Table 66 Europe: Market Size, By Type, 2013–2020 (Thousand Ton)
Table 67 Europe: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 68 Europe: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 69 Europe: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 70 Europe: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (Thousand Tons)
Table 71 Europe: Green and Bio-Solvents Market Size, By Application, 2013–2020 (USD Million)
Table 72 Europe: Market Size, By Application, 2013–2020 (Thousand Ton)
Table 73 Asia-Pacific: Green and Bio-Solvents Market Size, By Country,  2013–2020 (USD Million)
Table 74 Asia-Pacific: Market Size, By Country,  2013–2020 (Thousand Ton)
Table 75 Asia-Pacific: Market Size, By Type, 2013–2020 (USD Million)
Table 76 Asia-Pacific: Market Size, By Type, 2013–2020 (Thousand Ton)
Table 77 Asia-Pacific: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 78 Asia-Pacific: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 79 Asia-Pacific: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 80 Asia-Pacific: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 81 Asia-Pacific: Green and Bio-Solvents Market Size, By Application, 2013–2020 (USD Million)
Table 82 Asia-Pacific: Market Size, By Application, 2013–2020 (Thousand Ton)
Table 83 RoW: Green and Bio-Solvents Market Size, By Country, 2013–2020 (USD Million)
Table 84 RoW: Market Size, By Country, 2013–2020 (Thousand Ton)
Table 85 RoW: Market Size, By Type, 2013–2020 (USD Million)
Table 86 RoW: Market Size, By Type, 2013–2020 (Thousand Ton)
Table 87 RoW: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 88 RoW: Bio-Alcohol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 89 RoW: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (USD Million)
Table 90 RoW: Bio-Glycol Solvent Market Size, By Type, 2013–2020 (Thousand Ton)
Table 91 RoW: Green and Bio-Solvents Market Size, By Application, 2013–2020 (USD Million)
Table 92 RoW: Market Size, By Application, 2013–2020 (Thousand Ton)
Table 93 Agreement, 2010-2015
Table 94 Investments & Expansions, 2010–2015
Table 95 Expansion, 2010–2015
Table 96 Other Developments, 2010–2015


List of Figures (41 Figures)

Figure 1 Green and Bio-Solvents: Research Design
Figure 2 Breakdown of Primary Interviews
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 Methyl Soyate Projected to Register the Highest Growth, 2015–2020
Figure 7 Cosmetic Applications for Green and Bio-Solvents Projected to Register the Highest Growth, 2015–2020
Figure 8 North America Dominated With the Highest Market Share in 2014
Figure 9 Green and Bio-Solvents Market  Projected to Register A Moderate CAGR Between 2015 and 2020
Figure 10 Methyl Soyate to Register the Fastest Growth Rate Between 2015 and 2020
Figure 11 Industry & Domestic Cleaners Accounted for the Largest Demand of Green and Bio-Solvents in the North America Market Between 2015 and 2020
Figure 12 North America Estimated to Account for A Majority of the Market Share in 2015
Figure 13 Green and Bio-Solvents Market to Witness Faster Growth in Developing Nations Between 2015 and 2020
Figure 14 RoW to Witness High Growth Between 2015 and 2020
Figure 15 Green & Bio-Solvents Market in Printing Inks to Witness High Growth Between 2015 and 2020
Figure 16 RoW Market to Soon Enter Growth Phase, 2015
Figure 17 Drivers, Restraints, Opportunities, and Challenges in the Green & Bio-Solvents Industry
Figure 18 Fluctuations in the Price of Crude Oil, 2011–2014
Figure 19 Green & Bio-Solvents Industry: Value Chain Analysis
Figure 20 Alcohol, Glycols, and Diols-Based Green & Bio-Solvents Will Continue to Dominate the Market Till 2020
Figure 21 Regional Snapshot (2015–2020): India and China are Emerging as New Destinations for Investment
Figure 22 Future Growth for Green & Bio-Solvents Applications Centered in Asia-Pacific
Figure 23 North America Market Snapshot: Demand to Be Driven By Government Support & Incentives
Figure 24 Asia-Pacific Market Snapshot: Demand to Be Driven By the Increasing Consumer Awareness About Health and Safety
Figure 25 Companies Adopted Agreements as the Key Growth Strategy Between 2010 and 2015
Figure 26 Market Evaluation Framework - Significant Number of Agreements Fueled Growth and Innovation, 2010-2015
Figure 27 Battle for Market Share: Agreement Was the Key Strategy
Figure 28 Regional Revenue Mix of Top 5 Market Players
Figure 29 Archer Daniels Midland Company: Company Snapshot
Figure 30 Archer Daniels Midland Company: SWOT Analysis
Figure 31 BASF SE: Company Snapshot
Figure 32 BASF SE: SWOT Analysis
Figure 33 Bioamber Inc.: Company Snapshot
Figure 34 Bioamber Inc.: SWOT Analysis
Figure 35 Huntsman Corporation: Company Snapshot
Figure 36 Huntsman Corporation: SWOT Analysis
Figure 37 E.I. Dupont De Nemours & Co.: Company Snapshot
Figure 38 E.I. Du Pont De Nemours & Co.: SWOT Analysis
Figure 39 The DOW Chemical Company: Company Snapshot
Figure 40 The DOW Chemical Company: SWOT Analysis
Figure 41 Vertec Biosolvents Inc.: Company Snapshot

The green and bio-solvents market size, in terms of value, is estimated to reach USD 8.17 Billion by 2020, signifying a firm CAGR of over 7.94% between 2015 and 2020. The drivers identified for the market are environmental & regulatory pressure designed to reduce the emissions of ODS, VOCs, and HAPs; reduced dependency on petrochemical solvents and the exporting countries; improved competitiveness from product differentiation; and uncertainty about oil price development.

Methyl soyate is the fastest-growing green & bio-solvent and it has become successful commercially as a viable green alternative industrial solvent on its own merits, as the market demand has increased exponentially from the past ten years. Besides methyl soyate, d-limonene and lactate esters are also high growth markets.

Cosmetics , pharmaceutical, and paints & coatings applications are estimated to witness the best growth prospects for green and bio-solvents. Symrise AG (Germany), Revlon (U.S), and Rossmann (Germany) are among many companies that have launched cosmetic products containing alpha-bisabolol in the last two decades, a sesquiterpene with marked anti-inflammatory, antibacterial, and antifungal properties. Glycerol, a by-product from the trans-esterification of vegetable oils, is very common in the cosmetic industry as a solvent for maceration of herbs and spices. The natural antioxidants from polyphenolic extract of rosemary are in high demand by the cosmetic industry.

The biggest market of bio-solvents is North America, followed by South America and Europe. It is estimated that Europe will record a moderate growth due to strong regulations for bio-solvents. The largest demand will typically be in industrialized countries, while the best production potential will be found in developing countries due to advantageous climate and abundant land.

Government support and incentives will vary widely, since it depends on each country’s specific conditions. There are a number of regional differences in the bio-solvent sector’s dependency on government support, depending on crude oil prices and bio-solvent production costs. The market in developing and emerging countries is also dependent on the bio-solvent policies in the U.S. and the European Union, where the ambitious targets can hardly be met domestically.

Green and Bio-Solvents Market

The restraints for the market include uncertainty about the reliability and adequate supply of feedstocks and availability, reliability, and cost of new technologies. The green and bio-solvents industry, being a developing one, has witnessed consolidation in the recent past. This has broadened product lines for some major companies. However, the green & bio-solvents industry remains fragmented, with the presence of a large number of companies.

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