The global bio
solvents market is expected to reach USD 9.31 billion by 2020. Volatile
petrochemical prices coupled with growing concerns regarding VOC presence in
conventional solvents is expected to remain a key driving factor for global bio
solvents market. Bio solvents have been gaining acceptance across key end-use
industries and are expected to replace most of the conventional solvents on
account of its biodegradability and toxic free properties. Increasing demand
for green paints & coatings is expected to further complement the market
growth. Increasing market penetration in pharmaceutical and cosmetic industries
is also expected to have a positive influence on the market growth.
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Further key
findings from the study suggest:
Global bio solvents demand was 2,505.0 kilo tons in 2013 and is expected
to reach 3,569.6 kilo tons by 2020, growing at a CAGR of 5.2% from 2014 to
2020.
Paints & coatings emerged as the largest application segment and
accounted for 44.2% of total market volume in 2013. Increasing construction
spending in emerging markets of Brazil, China and India on account of
increasing urbanization and industrialization rates is expected to remain a key
driving factor for this segment.
Adhesives & sealants is expected to be the fastest growing
application segment at an estimated CAGR of 5.3% from 2014 to 2020. Growing
demand for bio-based adhesives & sealants from various end-use industries
such as automotive, construction and packaging is expected to remain a key
driving factor for this segment.
Table
Of Content
Chapter 1.
Executive Summary
1.1. Bio Solvents-
Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Bio
Solvents Industry Outlook
2.1. Market
Segmentation
2.2. Market Size
and Growth Prospects
2.3. Bio Solvents
Value Chain Analysis
2.4. Bio Solvents
Market Dynamics
2.5. Key
Opportunities Prioritized
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Chapter 3. Bio
Solvents Product Outlook
3.1. Global Bio
Solvents Market Share by Product, 2013 & 2020
3.2. Lactate Ester
3.3. Soy Methyl
Ester
3.4. Alcohol
3.5. Glycols
3.6. Others
Chapter 4. Bio
Solvents Application Outlook
4.1. Global Bio
Solvents Market Share by Application, 2013 & 2020
4.2. Paints &
Coatings
4.3. Adhesives
& Sealants
4.4. Printing Inks
4.5. Others
Chapter 5. Bio
Solvents Regional Outlook
5.1. Global Bio
Solvents Market Share by Region, 2013 & 2020
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. RoW
Chapter 6.
Competitive Landscape
6.1. BASF SE
6.2. AkzoNobel N.V.
6.3. The Dow Chemical Company
6.4. Huntsman Corp.
6.5. E.I. du Pont
de Nemours & Co.
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