Green-Bio-based Solvents Market Analysis and Forecast to 2031: By Type (Bio-Alcohol, Bio-Diols, Others), Application (Industrial, Paints, Coatings, Others), and Region
Green-bio-based solvents are solvents that are made from renewable resources and have a lower impact on the environment than traditional solvents. These solvents are typically made from plant-based materials, such as corn or soybeans. Green-bio-based solvents can be used in a variety of applications, including cleaning, degreasing, and paint stripping. They are also used as ingredients in some cosmetics and personal care products.
Key Trends
There are four key trends in green-bio-based solvents technology:
1. The use of renewable feedstocks: Green-bio-based solvents are made from renewable feedstocks such as plant oils and sugars. This reduces the reliance on fossil fuels and helps to reduce greenhouse gas emissions.
2. The use of waste materials: Green-bio-based solvents can be made from waste materials such as used cooking oil. This reduces the amount of waste that goes to landfill and helps to reduce environmental pollution.
3. The use of green chemistry: Green-bio-based solvents are made using green chemistry principles. This means that they are less harmful to the environment and are more sustainable.
4. The use of advanced technologies: Green-bio-based solvents are made using advanced technologies such as supercritical fluid extraction. This makes them more efficient and reduces the amount of waste produced.
Key Drivers
The key drivers of the Green-Bio-based Solvents market are the stringent environmental regulations, the need for sustainable and eco-friendly products, and the increasing awareness about the health and safety hazards associated with traditional solvents.
The traditional solvents are made from petroleum-based feedstock, which is not only non-renewable but also emits harmful greenhouse gases during their production.
These solvents are not only environmentally friendly but also have superior performance characteristics.
Restraints & Challenges
The key restraints and challenges in the Green-Bio-based Solvents market are the high cost of production and the lack of availability of raw materials.
The high cost of production is due to the need for sophisticated equipment and processes.
The lack of availability of raw materials is due to the limited supply of renewable resources.
Market Segments
The green-bio-based solvents market is segmented by type, application, and region. By type, the market is classified into bio-alcohol, bio-diols, and others. Based on the application, it is bifurcated into industrial, paints, coatings, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.
Key Players
The green-bio-based solvents market includes players such as BASF SE, Cargill Inc., Clariant, DuPont, Huntsman Corp., LyondellBasell Industries Holdings B.V., OQ Saoc, Sasol, Solvay S.A, Vertec Biosolvents Inc., and others.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Green-Bio-based Solvents Market Outlook
3.1. Green-Bio-based Solvents Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Green-Bio-based Solvents Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Green-Bio-based Solvents Market
4.3. Economic Impact Analysis
Chapter 5. Green-Bio-based Solvents Market by Application
5.1. Market Overview
5.2. Industrial
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Paints
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Coatings
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2021-2031 ($Million)
5.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Green-Bio-based Solvents Market by Type
6.1. Market Overview
6.2. Bio-Alcohol
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Bio-Diols
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Others
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Green-Bio-based Solvents Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.3. North America Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.4. North America Green-Bio-based Solvents Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.5.2. The U.S. Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.6.2. Canada Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.2.7.2. Mexico Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.3. Europe Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.4. Europe Green-Bio-based Solvents Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.5.2. Germany Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.6.2. France Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.7.2. U.K. Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.8.2. Spain Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.9.2. Italy Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Green-Bio-based Solvents Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.4. Asia-Pacific Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.5.2. China Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.6.2. India Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.7.2. Japan Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.8.2. South Korea Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.3. Rest of the World Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.4. Rest of the World Green-Bio-based Solvents Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.5.2. Latin America Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.6.2. Middle East Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Green-Bio-based Solvents Market Size and Forecast by Application, 2021-2031, ($Million)
7.5.7.2. Africa Green-Bio-based Solvents Market Size and Forecast by Type, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. BASF SE
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Cargill Inc.
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Clariant
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. DuPont
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. Huntsman Corp
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. LyondellBasell Industries Holdings B.V.
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. OQ Saoc
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. Sasol
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Solvay S.A
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. Vertec Biosolvents Inc.
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of companies is subject to change during the final compilation of the report
Key Players
Market Segmentation
By Type
- Bio-Alcohol
- Bio-Diols
- Others
By Application
- Industrial
- Paints
- Coatings
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World
- Latin America
- Middle East
- Africa