Green & Bio-based Solvents Market Research Report Green & Bio-based Solvents Market - Global Industr

Green & Bio-based Solvents Market - Global
Industry Analysis, Size, Share, Growth, Trends
and Forecast 2015 - 2023
Solvents are liquids with the capability to dissolve other materials without any
chemical change in the solvent or the material. Based on the type or source of raw
material, solvents can be classified into bio-based or petroleum-based. Petroleum-
based solvents emit high amount of volatile organic compounds during their
manufacturing process. This makes them environmentally unsafe. Additionally,
these solvents are typically dependent on the prices of crude oil, leading to
constant fluctuations in the prices of final products. On the other hand, green & bio-
based solvents are characterized by low toxicity, low miscibility, higher boiling
point, less odor, and easy recycling process. Thus, green & bio-based solvents are
eco-friendly. These properties or inherent advantages makes them suitable for
usage in various applications such as paints & coatings, printing inks, commercial &
domestic cleaning, adhesives & sealants, pharmaceutical, and cosmetics. Rising
demand for these solvents in paints & coatings, printing inks, and industrial
cleaning applications has increased their usage in various end-user industries. This
is likely to drive the green & bio-based solvents market in the next few years.
However, availability of various low-cost petroleum-based substitutes and high costs
associated with the production of green & bio-based solvents are projected to
hamper market growth during the forecast period. High demand for these solvents
in adhesives & sealants, pharmaceutical, and personal care industries is estimated
to act as a major opportunity in the near future.
This 198 page report gives readers a comprehensive overview of the
Pigments market Browse through 45 data tables and 29 figures to unlock
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http://www.transparencymarketresearch.com/green-biobased-solvents-market.html
This report analyzes and forecasts the market for green & bio-based solvents at the
global and regional level. The market has been forecast based on volume (kilo tons)
and revenue (US$ Mn) from 2015 to 2023, considering 2014 as the base year. The
study includes drivers and restraints of the global green & bio-based solvents
market. It also covers impact of these drivers and restraints on demand for green &
bio-based solvents during the forecast period. The report highlights opportunities in
the green & bio-based solvents market at the global and regional level.