Green & Bio-solvents Market is Projected to Reach USD 8.17 Billion by 2020

Date: 2015-11-22

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 & 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 coming years. The drivers identified for the green & bio-solvents 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 to be the fastest-growing green & bio-solvent 
Methyl soyate is the fastest-growing green & bio-solvent as 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 and pharmaceutical applications  to be the key end-use markets with high growth prospects
Cosmetics and pharmaceutical applications are estimated to have the best growth prospects for green & bio-solvents.

Companies profiled in the report
 Archer Daniels Midland Company (U.S.)
 BASF SE (Germany), BioAmber Inc. (U.S.)
 Huntsman Corporation (U.S.)
 E.I. Du Pont de Nemours & Co. (U.S.)
 The Dow Chemical Company (U.S.)
 Vertec Biosolvents Inc. (U.S.)
 Florida Chemical Company (U.S.)
 Cargill Incorporated (U.S.) 
 Cremer Oleo GmbH & Co. KG (Germany)

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