Research and Markets: Global Green/Bio-Based Solvents Market Opportunities and Forecasts to 2020

Research and Markets (http://www.researchandmarkets.com/research/837jzf/world) has announced the addition of the "World Green/Bio-Based Solvents Market - Opportunities and Forecast, 2014-2020" report to their offering.

The green solvents market volume would reach 3,321.4 kilo tons by 2020, registering a CAGR of 4.3% during 2015-2020.

Paints and coatings application segment contributed 43.6% share of the overall green solvents market, and is expected to maintain this trend during the forecast period.

Green solvents are bio-based solvents that are derived from various agricultural sources, such as corn, sugarcane, lactic acid, refined glycerine, bio succinic acid, vegetable oils, among others. Volatility in the crude oil prices, lower content of volatile organic compounds (VOC) and environment-friendly attribute of green solvents are the major factors fostering the growth of this market across the globe. Furthermore, increasing adoption of green solvents among the end users, including paints and coatings, printing inks and others; spiralling construction activities, automobile and consumer goods industries across the globe would supplement the market growth. However, high production cost due to capital-intensive production techniques coupled with heavy R&D investments are the major factors that would hamper the market growth.

The ester solvents segment accounted for the highest consumption in 2014 and would continue this trend during the forecast period, which was primarily due to its unique properties such as high solvency rate, easy availability and comparatively lower pricing than the other green solvents.

Key findings of the study:

- Industrial and domestic cleaner application segment is projected to register highest CAGR of 7.3%, in terms of volume, during the forecast period.

- Paints and coatings is forecast to be the largest revenue-generating segment of North America green solvents industry throughout the analysis period.

- Solketal is projected to be the fastest growing segment in the alcohols, glycols & diols market during the forecast period.

- Lactate esters segment accounted for around one-fourth of the total consumption in the overall green solvents market in 2014.

- North America was the largest consumer of D-limonene across the globe in 2014.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Makret Overview

Chapter 4 Global Green Solvents Market, By Type

Chapter 5 Global Green Solvents Market, By Application

Chapter 6 Global Green Solvents Market- By Geography

Chapter 7 Company Profile

- BASF SE

- Bio-Amber Inc.

- Myriant Corporation

- Dow Chemicals

- Cargill Incorporated

- Gevo Inc.

- Vertec Biosolvents Inc.

- Florida Chemicals Inc.

- LyondellBasell

- E.I. du Pont de Nemours and Company

- Huntsman Corp

- Solvay S.A

For more information visit http://www.researchandmarkets.com/research/837jzf/world

View source version on businesswire.com: http://www.businesswire.com/news/home/20151118005752/en/