Bio-Solvents Market - Global Industry Analysis

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 & Other Applications) - Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 - 2028

Published Date: 02-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-2189 Status : Published

The global Bio-solvents accounted for USD 7.3 Billion in 2020 and is expected to reach USD 13.5 Billion by 2028, growing at a CAGR of around 8.1% between 2021 and 2028.

Description

Market Overview    

The global Bio-solvents market accounted for USD 7.3 Billion in 2020 and is expected to reach USD 13.5 Billion by 2028, growing at a CAGR of around 8.1% between 2021 and 2028.   

Solvents are organic compounds that have a wide range of industrial uses in a variety of industries. Solvents are widely used in sectors such as textiles, paints & coatings, plastics & rubber, pharmaceuticals, oil & gas, manufacturing, and chemical synthesis and many others. Solvents are used in paints and coatings to remove various chemicals to make them safe for use. Solvent-based paints dry quicker than its alternatives, allowing for a faster pace of output. The domination of traditional petroleum feedstock-based solvents in the global solvents industry can be seen in the above industries. The widespread use of petroleum-based solvents is said to have resulted in environmental damage. As a result, the environmental concerns has led regulatory authorities to enforce strict legislation aimed at addressing the harm caused by such hazardous chemical substances. Bio-solvents are now being used as an option to the traditional petroleum feedstock-based solvents. Bio-based solvents or bio-solvents are carbon-neutral, free of volatile organic compounds, non-toxic, and renewable options for use in a variety of industries because they are made from natural, environmentally friendly feedstock. Bio-solvents are generally produced using sugars, cellulose, oils, & fats, agricultural products, among others.

The growing understanding of the adverse effects of traditional solvents in pharmaceutical and Adhesives is expected to boost demand for bio solvents in these applications. The bio-solvents industry is expected to be fuelled by low volatile organic compound emissions, eco-friendliness, stringent environmental regulations, and a high demand and approval rate from end consumer industries.

COVID-19 Impact Analysis

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Bio-solvents industry has seen a small decrease in revenues in the short term. Because of the pandemic, the production and supply chain stopped operating around the world, potentially reducing bio-solvent use. However, in the midst of the pandemic, there has been a surge in product demand for applications such as personal care, domestic and industrial cleaners. Also pharmaceutical industry which is coming under the essential services likely to boost the use of bio-solvents contributing to the growth of the market.

The global markets are slowly opening to their full potential and theirs a surge in demand of the bio-solvents. The market would remain bullish in upcoming year. 

The significant decrease in the global Bio-solvents market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

The rapid use of bio-solvents in the domestic and industrial cleaning sectors is expected to propel the industry further. Increasing health and hygiene concerns among consumers, as well as numerous government and academic initiatives, are expected to propel the bio-solvents market forward.  The bio solvent industry is expected to expand as bio solvents become more widely used in coatings, paints, sealants and adhesives, and printing inks. Other growth-inducing influences include several advances in manufacturing technology and a significant number of product developments.

The lack of regulations pertaining to the use of sustainable alternatives, as well as a lack of knowledge about such alternatives, is likely to be an impediment to the global bio-solvents market's development. Another aspect that is expected to influence the acceptance of bio-solvents in some areas of the world during the projected period is comparatively higher costs.

Report Scope: 

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Type Segment Analysis Preview 

The global market is divided into seven segments based on the Type of Bio-solvents: Alcohols, Glycols, Diols,  Lactate Esters, D-Limonene , Methyl Soyate and others. Lactate esters are expected to become more common in the general bio-solvents industry in the near future due to their lower price, limited application area, and ease of availability as compared to other bio-solvents. Another big style division in the bio-solvents industry is methyl soyate. In the near future, it is expected to see a significant rise in revenue.

Application Segment Analysis Preview 

Bio-solvents are used in a variety of industries, including domestic and industrial cleaners, adhesives, paints and coatings, printing inks, and others. Paints and coatings dominated the bio-solvents industry in 2020, accounting for almost 37.5% of total bio-solvents sales. In the near future, the global bio-solvents industry is expected to be dominated by the paints and coatings application division.

.

Key Market Players & Competitive Landscape

Some of the major players of global Bio-solvents market includes Archer Daniels Midland Company , BASF SE , Bioamber Inc , Huntsman Corporation , Dupont , DOW Chemical Company , Vertec Biosolvents Inc , Florida Chemicals Company Inc , Cargill Inc , Solvay , LyondellBasell , Gevo , Galactic , Myriant , and Pinova Holdings INC among others.

The global Bio-solvents Market is segmented as follows:

By Type

  • Alcohols
  • Glycols
  • Diols
  • Lactate Esters
  • D-Limonene
  • Methyl Soyate
  • Others

By Application

  • Industrial & Domestic Cleaners
  • Paints & Coatings
  • Adhesives
  • Printing Inks
  • Others

By Region

    • North America
      • The U.S.
      • Canada
    • Europe
      • France
      • The UK
      • Spain
      • Germany
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Southeast Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC
      • South Africa
      • Rest of Middle East & Africa

    Table Of Content

    • Chapter No. 1 Introduction
      • 1.1. Report Description
        • 1.1.1. Purpose of the Report
        • 1.1.2. USP & Key Offerings
      • 1.2. Key Benefits for Stakehulders
      • 1.3. Target Audience
      • 1.4. Report Scope
    • Chapter No. 2 Executive Summary
      • 2.1. Key Findings
        • 2.1.1. Top Investment Pockets
          • 2.1.1.1. Market Attractiveness Analysis, By Type
          • 2.1.1.2. Market Attractiveness Analysis, By Application
          • 2.1.1.3. Market Attractiveness Analysis, By Region
      • 2.2. Market Snapshot
      • 2.3. Global Bio-sulvents Market, 2016 – 2028 (USD Billion)
      • 2.4. Insights from Primary Respondents
    • Chapter No. 3 COVID 19 Impact Analysis
      • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
        • 3.1.1. North America
        • 3.1.2. Europe
        • 3.1.3. Asia Pacific
        • 3.1.4. Latin America
        • 3.1.5. The Middle-East and Africa
      • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
      • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
      • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
      • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
        • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
      • 3.6. Short Term Dynamics
      • 3.7. Long Term Dynamics
    • Chapter No. 4 Bio-sulvents Market – Type Segment Analysis
      • 4.1. Overview
        • 4.1.1. Market Revenue Share, By Type, 2020 & 2028
      • 4.2. Alcohuls
        • 4.2.1. Market Size and Forecast, By Region (USD Billion)
        • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.3. Glyculs
        • 4.3.1. Market Size and Forecast, By Region (USD Billion)
        • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.4. Diuls
        • 4.4.1. Market Size and Forecast, By Region (USD Billion)
        • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.5. Lactate Esters
        • 4.5.1. Market Size and Forecast, By Region (USD Billion)
        • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.6. D-Limonene
        • 4.6.1. Market Size and Forecast, By Region (USD Billion)
        • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.7. Methyl Soyate
        • 4.7.1. Market Size and Forecast, By Region (USD Billion)
        • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
      • 4.8. Others
        • 4.8.1. Market Size and Forecast, By Region (USD Billion)
        • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
    • Chapter No. 5 Bio-sulvents Market – Application Segment Analysis
      • 5.1. Overview
        • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
      • 5.2. Industrial & Domestic Cleaners
        • 5.2.1. Market Size and Forecast, By Region (USD Billion)
        • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
      • 5.3. Paints & Coatings
        • 5.3.1. Market Size and Forecast, By Region (USD Billion)
        • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
      • 5.4. Adhesives
        • 5.4.1. Market Size and Forecast, By Region (USD Billion)
        • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
      • 5.5. Printing Inks
        • 5.5.1. Market Size and Forecast, By Region (USD Billion)
        • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
      • 5.6. Others
        • 5.6.1. Market Size and Forecast, By Region (USD Billion)
        • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
        • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • Chapter No. 6: Bio-sulvents Market – Industry Analysis
      • 6.1. Overview
        • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
        • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
      • 6.2. North America
        • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
        • 6.2.2. North America Market Revenue, By Type, 2016 – 2028
        • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
        • 6.2.5. U.S.
          • 6.2.5.1. U.S. Market Revenue, By Type, 2016 – 2028
          • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
        • 6.2.6. Canada
          • 6.2.6.1. Canada Market Revenue, By Type, 2016 – 2028
          • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
        • 6.2.7. Mexico
          • 6.2.7.1. Mexico Market Revenue, By Type, 2016 – 2028
          • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
      • 6.3. Europe
        • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
        • 6.3.2. Europe Market Revenue, By Type, 2016 – 2028
        • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
        • 6.3.5. Germany
          • 6.3.5.1. Germany Market Revenue, By Type, 2016 – 2028
          • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
        • 6.3.6. France
          • 6.3.6.1. France Market Revenue, By Type, 2016 – 2028
          • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
        • 6.3.7. U.K.
          • 6.3.7.1. U.K. Market Revenue, By Type, 2016 – 2028
          • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
        • 6.3.8. Italy
          • 6.3.8.1. Italy Market Revenue, By Type, 2016 – 2028
          • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
        • 6.3.9. Spain
          • 6.3.9.1. Spain Market Revenue, By Type, 2016 – 2028
          • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
        • 6.3.10. Rest of Europe
          • 6.3.10.1. Rest of Europe Market Revenue, By Type, 2016 – 2028
          • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
      • 6.4. Asia Pacific
        • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
        • 6.4.2. Asia Pacific Market Revenue, By Type, 2016 – 2028
        • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
        • 6.4.5. China
          • 6.4.5.1. China Market Revenue, By Type, 2016 – 2028
          • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
        • 6.4.6. Japan
          • 6.4.6.1. Japan Market Revenue, By Type, 2016 – 2028
          • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
        • 6.4.7. India
          • 6.4.7.1. India Market Revenue, By Type, 2016 – 2028
          • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
        • 6.4.8. South Korea
          • 6.4.8.1. South Korea Market Revenue, By Type, 2016 – 2028
          • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
        • 6.4.9. South-East Asia
          • 6.4.9.1. South-East Asia Market Revenue, By Type, 2016 – 2028
          • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
        • 6.4.10. Rest of Asia Pacific
          • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Type, 2016 – 2028
          • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.5. Latin America
        • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
        • 6.5.2. Latin America Market Revenue, By Type, 2016 – 2028
        • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
        • 6.5.5. Brazil
          • 6.5.5.1. Brazil Market Revenue, By Type, 2016 – 2028
          • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
        • 6.5.6. Argentina
          • 6.5.6.1. Argentina Market Revenue, By Type, 2016 – 2028
          • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
        • 6.5.7. Rest of Latin America
          • 6.5.7.1. Rest of Latin America Market Revenue, By Type, 2016 – 2028
          • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
      • 6.6. The Middle-East and Africa
        • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
        • 6.6.2. The Middle-East and Africa Market Revenue, By Type, 2016 – 2028
        • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.5. GCC Countries
          • 6.6.5.1. GCC Countries Market Revenue, By Type, 2016 – 2028
          • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
        • 6.6.6. South Africa
          • 6.6.6.1. South Africa Market Revenue, By Type, 2016 – 2028
          • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
        • 6.6.7. Rest of Middle-East Africa
          • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Type, 2016 – 2028
          • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
    • Chapter No. 7: Bio-sulvents Market – Industry Analysis
      • 7.1. Introduction
      • 7.2. Market Drivers
        • 7.2.1. Driving Factor 1 Analysis
        • 7.2.2. Driving Factor 2 Analysis
      • 7.3. Market Restraints
        • 7.3.1. Restraining Factor Analysis
      • 7.4. Market Opportunities
        • 7.4.1. Market Opportunity Analysis
      • 7.5. Porter’s Five Forces Analysis
      • 7.6. PEST Analysis
      • 7.7. Regulatory Landscape
      • 7.8. Technology Landscape
      • 7.9. Regional Market Trends
        • 7.9.1. North America
        • 7.9.2. Europe
        • 7.9.3. Asia Pacific
        • 7.9.4. Latin America
        • 7.9.5. The Middle-East and Africa
      • 7.10. Pricing Analysis
      • 7.11. Value Chain Analysis
      • 7.12. Downstream Buyers
      • 7.13. Distributors/Traders List
    • Chapter No. 8: Competitive Landscape
      • 8.1. Company Market Share Analysis – 2019
        • 8.1.1. Global Bio-sulvents Market: Company Market Share, 2019
        • 8.1.2. Global Bio-sulvents Market, Company Market Revenue, 2016 – 2019 (USD Billion)
        • 8.1.3. Global Bio-sulvents Market, Company Y-o-Y Growth, 2017 – 2019 (%)
        • 8.1.4. Global Bio-sulvents Market: Radar Determinant Chart, 2019
      • 8.2. Strategic Developments
        • 8.2.1. Acquisitions & Mergers
        • 8.2.2. New Product Launch
        • 8.2.3. Regional Expansion
      • 8.3. Company Strategic Developments – Heat Map Analysis
    • Chapter No. 9: Company Profiles
      • 9.1. Archer Daniels Midland Company
        • 9.1.1. Company Overview
        • 9.1.2. Key Executives
        • 9.1.3. Product Portfolio
        • 9.1.4. Financial Overview
        • 9.1.5. Operating Business Segments
        • 9.1.6. Business Performance
        • 9.1.7. Recent Developments
      • 9.2. BASF SE
      • 9.3. Bioamber Inc,
      • 9.4. Huntsman Corporation
      • 9.5. Dupont
      • 9.6. DOW Chemical Company
      • 9.7. Vertec Biosulvents Inc
      • 9.8. Florida Chemicals Company Inc
      • 9.9. Cargill Inc
      • 9.10. Sulvay
      • 9.11. LyondellBasell
    • Chapter No. 10: Marketing Strategy Analysis
      • 10.1. Marketing Channel
      • 10.2. Direct Marketing
      • 10.3. Indirect Marketing
      • 10.4. Marketing Channel Development Trends
      • 10.5. Economic/Pulitical Environmental Change
    • Chapter No. 11: Research Methodology
      • 11.1. Research Methodology
      • 11.2. Phase I - Secondary Research
      • 11.3. Phase II - Data Modeling
        • 11.3.1. Company Share Analysis Model
        • 11.3.2. Revenue Based Modeling
      • 11.4. Phase III - Primary Research
      • 11.5. Research Limitations
        • 11.5.1. Assumptions

    Table Of Figures

    List of Figures 

    FIG NO. 1. Market Attractiveness Analysis, By Type
    FIG NO. 2. Market Attractiveness Analysis, By Application
    FIG NO. 3. Market Attractiveness Analysis, By Region
    FIG NO. 4. Global Bio-solvents Market Revenue, 2016 – 2028 (USD Billion)
    FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
    FIG NO. 6. Market Revenue Share, By Type, 2020 & 2028 
    FIG NO. 7. Global Bio-solvents Market for Alcohols, Revenue (USD Billion) 2016 – 2028
    FIG NO. 8. Comparative Revenue Analysis of Bio-solvents Market for Alcohols, By Country, 2020 & 2028
    FIG NO. 9. Global Bio-solvents Market for Glycols, Revenue (USD Billion) 2016 – 2028
    FIG NO. 10. Comparative Revenue Analysis of Bio-solvents Market for Glycols, By Country, 2020 & 2028
    FIG NO. 11. Global Bio-solvents Market for Diols Revenue (USD Billion) 2016 – 2028
    FIG NO. 12. Comparative Revenue Analysis of Bio-solvents Market for Diols By Country, 2020 & 2028
    FIG NO. 13. Global Bio-solvents Market for Lactate Esters, Revenue (USD Billion) 2016 – 2028
    FIG NO. 14. Comparative Revenue Analysis of Bio-solvents Market for Lactate Esters, By Country, 2020 & 2028
    FIG NO. 15. Global Bio-solvents Market for D-Limonene, Revenue (USD Billion) 2016 – 2028
    FIG NO. 16. Comparative Revenue Analysis of Bio-solvents Market for D-Limonene, By Country, 2020 & 2028
    FIG NO. 17. Global Bio-solvents Market for Methyl Soyate, Revenue (USD Billion) 2016 – 2028
    FIG NO. 18. Comparative Revenue Analysis of Bio-solvents Market for Methyl Soyate, By Country, 2020 & 2028
    FIG NO. 19. Global Bio-solvents Market for Others, Revenue (USD Billion) 2016 – 2028
    FIG NO. 20. Comparative Revenue Analysis of Bio-solvents Market for Others, By Country, 2020 & 2028
    FIG NO. 21. Market Revenue Share, By Application, 2020 & 2028
    FIG NO. 22. Global Bio-solvents Market for Industrial & Domestic Cleaners, Revenue (USD Billion) 2016 – 2028
    FIG NO. 23. Comparative Revenue Analysis of Bio-solvents Market for Industrial & Domestic Cleaners, By Country, 2020 & 2028  
    FIG NO. 18. Global Bio-solvents Market for Paints & Coatings, Revenue (USD Billion) 2016 – 2028
    FIG NO. 19. Comparative Revenue Analysis of Bio-solvents Market for Paints & Coatings, By Country, 2020 & 2028
    FIG NO. 20. Global Bio-solvents Market for Adhesives, Revenue (USD Billion) 2016 – 2028 
    FIG NO. 21. Comparative Revenue Analysis of Bio-solvents Market for Adhesives, By Country, 2020 & 2028
    FIG NO. 22. Global Bio-solvents Market for Printing Inks, Revenue (USD Billion) 2016 – 2028 
    FIG NO. 23. Comparative Revenue Analysis of Bio-solvents Market for Printing Inks, By Country, 2020 & 2028
    FIG NO. 24. Global Bio-solvents Market for Others, Revenue (USD Billion) 2016 – 2028
    FIG NO. 25. Comparative Revenue Analysis of Bio-solvents Market for Others, By Country, 2020 & 2028
    FIG NO. 26. Global Bio-solvents Market Revenue Share, By Region, 2020 & 2028
    FIG NO. 27. North America Bio-solvents Market Revenue, 2016 - 2028 (USD Billion)
    FIG NO. 28. Porter’s Five Forces Analysis for Global Bio-solvents Market
    FIG NO. 29. PEST Analysis for Global Bio-solvents Market
    FIG NO. 30. Pricing Analysis for Global Bio-solvents Market
    FIG NO. 31. Value Chain Analysis for Global Bio-solvents Market
    FIG NO. 32. Company Share Analysis, 2019
    FIG NO. 33. Radar Determinant Chart, 2019
    FIG NO. 34. Company Strategic Developments – Heat Map Analysis
    FIG NO. 35. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
    FIG NO. 44. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
    FIG NO. 45. Market Channels
    FIG NO. 46. Marketing Channel Development Trend
    FIG NO. 47. Growth in World Gross Product, 2008-2018
    FIG NO. 48. Research Methodology – Detailed View
    FIG NO. 49. Research Methodology


    Table Of Tables

    List of Tables 

    TABLE NO. 1. Global Bio-solvents Market: Snapshot
    TABLE NO. 2. Quarterly Bio-solvents Market Revenue by Region, 2020
    TABLE NO. 3. Quarterly Bio-solvents Market Revenue Forecast by Region, 2021
    TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
    TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
    TABLE NO. 6. Global Bio-solvents Market for Alcohols, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 7. Global Bio-solvents Market for Glycols, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 8. Global Bio-solvents Market for Diols by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 9. Global Bio-solvents Market for Lactate Esters, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 10. Global Bio-solvents Market for D-Limonene, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 11. Global Bio-solvents Market for Methyl Soyate, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 12. Global Bio-solvents Market for Others, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 13 Global Bio-solvents Market for Industrial & Domestic Cleaners, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 14. Global Bio-solvents Market for Paints & Coatings, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 15. Global Bio-solvents Market for Adhesives, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 16. Global Bio-solvents Market for Printing Inks, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 17. Global Bio-solvents Market for Others, by Region, 2016 – 2028 (USD Billion)
    TABLE NO. 18. Global Bio-solvents Market Revenue, By Region, 2016 – 2028 (USD Billion)
    TABLE NO. 19. North America Bio-solvents Market Revenue, By Country, 2016 – 2028 (USD Billion)
    TABLE NO. 20. North America Bio-solvents Market Revenue, By Type, 2016 – 2028 (USD Billon)
    TABLE NO. 21. North America Bio-solvents Market Revenue, By Application, 2016 – 2028 (USD Billion)
    TABLE NO. 22. U.S. Bio-solvents Market Revenue, By Type, 2016 – 2028 (USD Billion)
    TABLE NO. 23. U.S. Bio-solvents Market Revenue, By Application, 2016 – 2028 (USD Billion)
    TABLE NO. 24. Canada Bio-solvents Market Revenue, By Type, 2016 – 2028 (USD Billion)
    TABLE NO. 25. Canada Bio-solvents Market Revenue, By Application, 2016 – 2028 (USD Billion)
    TABLE NO. 26. Mexico Bio-solvents Market Revenue, By Type, 2016 – 2028 (USD Billion)
    TABLE NO. 27. Mexico Bio-solvents Market Revenue, By Application, 2016 – 2028 (USD Billion)
    TABLE NO. 28. Drivers for the Bio-solvents Market: Impact Analysis
    TABLE NO. 29. Restraints for the Bio-solvents Market: Impact Analysis
    TABLE NO. 30. Major Buyers of Bio-solvents
    TABLE NO. 31. Distributors/Traders List of Bio-solvents
    TABLE NO. 32. Global Bio-solvents Market, Company Market Revenue, 2016 – 2019 (USD Billion)
    TABLE NO. 33: Global Bio-solvents Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


     

    Methodology

    This report is based on in-depth qualitative and quantitative analyses of the global Bio-Solvents market. Zion Research has collected and analyzed key data belong to the global Bio-Solvents market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

    The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

    Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Bio-Solvents across the world has been calculated through primary and secondary research.

    Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

    For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Bio-Solvents industry. Primary research makes up the major source of data collection and validation.   

    Primary Research

    We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

    • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
    • Helps in validating and strengthening the secondary research findings
    • Further, develops the analysis team’s expertise and market understanding
    • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

    Participants who typically participate in such a process include, but are not limited to:

    • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
    • Purchasing managers, technical personnel, distributors and resellers
    • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

    Key opinion leaders specializing in different areas corresponding to different industry verticals

    Secondary Research

    Secondary research sources that are typically referred to include, but are not limited to:

    • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
    • IDC and other relevant magazines
    • Internal and external proprietary databases, and relevant patent and regulatory databases
    • National government documents, statistical databases and market reports

    News articles, press releases and webcasts specific to companies operating in the market

    Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Bio-Solvents market.

    Models

    Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

    • Demographic data: Population split by segments
    • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
    • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
    • Data is then cross-checked by an expert panel.

    Free Analysis

    Bio-solvents are solvents made from naturally occurring resources such as plants, fruits, seeds and other. Bio-solvents are non-emitting VOCs (Volatile Organic Compounds), and their properties are low miscibility, low toxicity, and biodegradable. Bio-solvent products have been considered as an alternative to conventional solvents. As they bear a close resemblance to existing petroleum derived solvent products, bio-solvents can be readily absorbed into the fine chemical industries.

    High demand for bio-solvents in different end user industries is expected to upsurge the bio-solvents market in the near future. Furthermore, eco-friendly nature and low volatile organic compound (VOC) content emission than conventional solvents are expected to boost the market within the forecast period. However, its high production cost may limit the market growth in near future. Nevertheless, shifting government rules and regulations for rising environmental awareness would give many significant opportunities for the growth of the bio-solvents market in coming years.

    Global-Bio-Solvents-Market.png

    The bio-solvents market is segmented on the basis of type, application, and region. On the basis of type, segment market is classified into alcohols, glycols, diols, lactate esters, d-limonene, methyl soyate, and others. In 2016, lactate ester was a major type segment on account of the growing demand for printing inks, coatings, and industrial applications. The glycol solvents are expected to register the highest growth owing to its increasing penetration in ends user industries such as automotive coatings, industrial coatings, paints and printing inks. Moreover, it's slow evaporation rate and high blush resistance is driving its demand over other solvents. On the basis of application, the bio-solvents market is segmented as industrial & domestic cleaners, paints & coatings, adhesives, printing inks, others. Paints & coatings emerged as the largest application segment accounting for a major chunk of the global market in 2016.

    In 2016, North America was the largest market for bio-solvents followed by Europe. High level of awareness regarding health and environmental effects of conventional solvents coupled with stringent environmental regulations lead to higher market share in the region. Furthermore, robust improvement in the U.S. & the Mexican construction industry is expected to further boost the market growth in the forecast period. Asia Pacific is expected to register a significant growth rate on account of growing automotive and construction industries. In addition, rapid industrialization in developing markets of India and China is expected to drive bio-solvents demand in the region.

    The bio-solvents industry remains fragmented, with the presence of a large number of companies. Key players profiled in the report include Archer Daniels Midland Company , BASF SE , Bioamber Inc , Huntsman Corporation , Dupont , DOW Chemical Company , Vertec Biosolvents Inc , Florida Chemicals Company Inc , Cargill Inc , Solvay , LyondellBasell , Gevo , Galactic , Myriant , and Pinova Holdings INC among others. The key players are taking active measures to develop their product portfolio, and escalate the production capabilities to a strong position in the global market.

    Choose License Type

    FrequentlyAsked Questions

    The global Bio-solvents Market was valued at USD 7.3 billion in 2020.

    The global Bio-solvents Market is expected to reach USD 13.5 billion by 2028, growing at a CAGR of 8.1% between 2021 to 2028.

    The bio solvent industry is expected to expand as bio solvents become more widely used in coatings, paints, sealants and adhesives, and printing inks. Other growth-inducing influences include several advances in manufacturing technology and a plethora of product developments.   

    North America was a large consumer of bio solvents in 2020, accounting for 32 percent of the overall sales share. Because of the rising building and automotive industries, Asia Pacific is expected to expand at a rapid pace. Adhesives and sealants demand is expected to be driven by rapid industrialization in emerging markets such as China and India. This trend, along with increasing concerns about the degradability of synthetic solvents, is expected to propel Asia Pacific demand growth even further.

    Some of the major players of global Bio-solvents market includes Archer Daniels Midland Company , BASF SE , Bioamber Inc , Huntsman Corporation , Dupont , DOW Chemical Company , Vertec Biosolvents Inc , Florida Chemicals Company Inc , Cargill Inc , Solvay , Lyondell Basell , Gevo , Galactic , Myriant , and Pinova Holdings INC among others. .

    HappyClients

    Office Address

    Contact Us

    Zion Market Research
    Tel: +1 (844) 845-5245
    USA/Canada Toll Free No.+1 (855) 465-4651

    Asia Pacific Office

    3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
    Phone No 020-46277770

    Contact #

    US OFFICE NO +1 (844) 845-5245
    US/CAN TOLL FREE +1 (855) 465-4651
    Email: sales@zionmarketresearch.com

    We Are On Social

    Industry Press Release

    We Accept

    We have secured system to process your transaction.

    • paypal
    • amazon
    • visa
    • master card

    Business Hours

    Our support available to help you 24 hours a day, five days a week.

    Monday - Friday: 9AM - 6PM

    Saturday - Sunday: Closed