Green & Biobased Solvents Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 2023 The report On " Green & Biobased Solvents (Biobased Methanol, Biobased Ethanol, Biobased Propanol, Biobased Butanol, Biobased Propylene Glycol, Ethyl Lactate, D Limonene, Methyl Soyate, and Others) Market for Paints & Coatings, Printing Inks, Commercial & Domestic Cleaning, Adhesives & Sealants, Pharmaceutical, Cosmetics, and Other Applications 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 biobased or petroleumbased. Petroleumbased 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 & biobased solvents are characterized by low toxicity, low miscibility, higher boiling point, less odor, and easy recycling process. Thus, green & biobased solvents are ecofriendly. 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 enduser industries. This is likely to drive the green & bio based solvents market in the next few years. However, availability of various lowcost petroleumbased 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 report analyzes and forecasts the market for green & biobased 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 & biobased solvents market. It also covers impact of these drivers and restraints on demand for green & biobased solvents during the
Green & bio based solvents global industry analysis, size, share, growth, trends and forecast 2015 2
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