Renewable Solvents Market

Increasing urbanization has led to rise in building and construction activities, which in turn has resulted into increase in the consumption of paints and coatings. Growing consumption of paints and coatings is expected to propel the demand for renewable solvents. Rise in urban population coupled with increase in disposable income has led to the growth of pharmaceuticals and personal care & home care industries, which is anticipated to have positive impact on the renewable solvents market. Rapidly growing industrialization across the world is expected to up surge the demand for industrial cleaners, rise in the demand for industrial cleaners is estimated to positively influence the renewable solvents market. Requirement of novel manufacturing technologies, high cost and less popularity in developing countries is the cause of concern for renewable solvents market. Recently, a ReSolve project worth € 4.3 Mn has been initiated by University of York and other European universities for the research & development of novel renewable solvents.

Renewable Solvents Market: Regional Outlook

Growing concerns regarding environmental pollution has led to the implementation of stringent regulations and industrial norms on traditional petroleum based solvents in the regions of North America and Europe. Due to which various industries in these regions are looking for bio-based and ecofriendly solvent alternatives, owing to which North America and Europe can be attributed as prominent market regions for renewable solvents. Growth paints and coating industry along with rapid industrialization in Asia Pacific region has led to the rise in demand for solvents. However, in the recent years there has been implementation of stringent government norms and regulations regarding environmental pollution in the countries such as China and Japan, owing to which Asia Pacific can be considered as a promising market for renewable solvents.  Rising environmental concern and growing industrial development is anticipated to make LAMEA a potential market for renewable solvents.     

Renewable Solvents Market: Key Participants

Examples of some of the market participants operating in the global renewable solvents market are:

Neste, AstroBio Solvents, InKemia Green Chemicals, Inc. Archer Daniels Midland Company, Vertec Biosolvents, Cargill Incorporated, DowDuPont Inc., Cremer Oleo Gmbh & Company KG, Sucrogen Bioethanol Pty Ltd., Godavari Biorefineries Limited and Bioamber Inc.

The Renewable Solvents market research report presents a comprehensive assessment of the Renewable Solvents market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Renewable Solvents market research report provides analysis and information according to Renewable Solvents market segments such as geographies, application and industry.

The report covers exhaustive analysis on,

• Renewable Solvents Market Segments
• Renewable Solvents  Market Dynamics
• Renewable Solvents  Market Size
• Renewable Solvents Supply & Demand Scenario
• Current Trends/Issues/Challenges in Renewable Solvents market
• Competition & Companies involved in Renewable Solvents market
• Technology used in Renewable Solvents Market
• Value Chain of Renewable Solvents Market

Regional analysis includes,

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K., Spain, BENELUX, Nordics)
• Eastern Europe (Russia, Poland, CIS)
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Renewable Solvents Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Renewable Solvents market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Renewable Solvents market segments and geographies.