Bio-Solvents Market Size Projected to Rise Lucratively During 2016-2026

New York, NY — (PRESS RELEASE JET) — 09/25/2017 — Global Bio-solvents Market: Introduction

Solvents are chemical substances that find commercial application across a diverse set of industries. Solvents are ubiquitous in that several million tons of these are used annually across industries ranging from paints & coatings, textiles, plastics & rubber, pharmaceuticals, oil & gas, construction, chemical synthesis, among others. Global solvents market is characterized by dominance of conventional petroleum feedstock based solvents across aforementioned industries.

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Such wide-scale use of these petroleum based solvents is reported to have engendered significant environmental ill-effects. Thus, growing environmental concern, over the past decade, has prompted regulatory authorities to implement stringent regulations directed towards addressing the menace of such harmful chemical substances. Bio-based solvents or simply bio-solvents, unlike petroleum based solvents, are produced using green, environmentally friendly feedstock and hence are carbon neutral, free from volatile organic compounds (VOCs), non-toxic and sustainable alternatives for application across industries. The commonly used feedstock for production of these bio-solvents include cellulose, sugars, oils & fats, agricultural products, among others.

Global Bio-solvents Market: Dynamics

Global bio-solvents market is expected to witness robust growth during forecast period. Over recent past, there have been significant advances in development of sustainable bio-solvents that are efficient and efficacious as compared to petroleum based solvents, moreover, such developments are expected to gather momentum over the forecast period. This, coupled with increasing adoption and penetration of these bio-solvents across key end use industries is expected to drive growth of global bio-solvents market during forecast period. Also, steady growth of key end use industries such as paints & coatings, industrial cleaning, agrochemicals, textiles & printing inks, and adhesives & sealants, among others especially across developing regions of the globe is expected to further propel the market for bio-solvents during forecast period. However, concerns as regards the effectiveness of these alternative solvents vis-a-vis comparative grades of petroleum based solvents is one of the factors that is likely to impede the growth of global bio-solvents market during initial part of forecast period. Also, relatively less stringent or absence of regulations pertaining to use of sustainable alternatives coupled with lack of awareness regarding such alternatives is likely to act as an impediment to growth of global bio-solvents market during forecast period. Also, relatively higher prices is another factor that is likely to affect the adoption of bio-solvents in certain parts of the globe during forecast period.

Global Bio-solvents Market: Segmentation

Various types of bio-based solvents are available in the market for industrial and commercial applications. Based on product type, global bio-solvents market can be segmented as follows:

Glycerol Carbonates
Lactate Esters

On the basis of end use industries, the global Bio-solvents Market can be segmented as follows:

Paints & Coatings
Adhesives & Coatings
Printing inks
Food & Beverages
Personal Care & Cosmetics

Global Bio-solvents Market: Regional Outlook

Global bio-solvents market can be divided into seven major segments including North America, Eastern Europe, Asia Pacific, Japan, Latin America, Western Europe and Middle East and Africa. Global Bio-solvents Market is dominated by North America and Europe owing, primarily, to stringent regulations underlining the use of such products. APAC dominates supply of raw materials used for production of bio-solvents. Adoption of bio-solvents in the region is relatively low, however, it is expected to register relatively faster growth during forecast period, spearheaded by China

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Global Bio-solvents Market: Market Players

Competition landscape in global bio-solvents market is characterized by presence of companies that are channelizing efforts towards application-development so also towards improving process economics and efficiencies. Global Bio-solvents market is characterized by Some of the players operating in global bio-solvents market include Dow Chemical Company, BASF SE, BioAmber Inc., Cargill, Incorporated., Stepan Company, Archer Daniels Midland Company, Corbion, Vertec Bio-solvents & Carbon Neutral, Shenzhen Esuns Industrial Co., Ltd, Huntsman International LLC., and Florida Chemical Company, among others.

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s,, Vice and He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.