The global green solvents market is suggested to have reached a value of around $4 billion by the end of 2012, and is forecast to grow to a total of $6.5 billion by 2018. This suggests a CAGR growth rate of around 8.5% between 2012 and 2018.
Green Solvents and Bio Solvents offer the different characteristics as per the bio solvents manufacturing and their applications requirement in the end products. The materials have high demand at a global level and its manufacturing is mainly dominated by North America, especially U.S. The major industries for bio & green solvents are cleaners, paints & coatings, printing inks, pharmaceutical, and personal care industries.
U.S. is the global hub for major green solvents and bio solvents manufacturers and their headquarters in North America. Within Europe, most of the major market players are situated in countries such as Germany, Belgium, and The Netherlands.
The bio solvent manufacturing companies and research institutions are infusing high investment for the future advancements and technology of bio and green solvents. These investments are to create bio solvents with similar performance as compared to conventional solvents and environmental friendly, which benefits the green solvents and bio solvents and end-user industry. The North America is the largest region followed by Europe and Asia-Pacific. These different regions with countries such as U.S., Germany, U.K., The Netherlands, Japan, China, India, and others are growing markets for bio and green solvents.
Major players in North American and European regions include BioAmber, BASF, DuPont, Florida Chemicals, The Dow Chemical Company, Vertec BioSolvents, and others.
For more information on the Global green solvents market, please click here: Global green solvents market
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