Green Solvents Market Is Set to Generate Huge Revenue in Coming Years!

Green Solvents & Bio Solvents are derived from natural sources such as plants, fruits, seeds and many others. Solvents help in dissolving solids, influencing viscosity, separation science, influence reaction rate and selectivity, heat management, enhance mixing, and others.

MARKET TRENDS:

According to IndustryARC, the Global Green Solvents and Bio Solvents Market is projected to grow at a CAGR of 6.2% during the forecast period of 2015-2020.

On market research, experts suggest that the global revenue in 2015 was approximately $6.2 Billion.

Segment wise, Green & Bio-Solvent based Paints & Coatings Market is estimated to grow at a CAGR of 5.2% during the period 2015-2020.

Market Driving Factors:

The top most contributing driving factors of the Green Solvents and Bio Solvents Market, as surveyed by IndustryARC’s research analysts are:

• Governmental laws and acts passed to reduce the emissions of ODS, VOCs, and HAPs

• Falling demand for petrochemical solvents and the exporting countries

• The market is witnessing high competition in order to create product difference

• Uncertainty about oil price fluctuations

Geographical Study of the Market:

Due to increasing environmental regulations and law enforcements, North America, Europe and APAC are showing high growth rates in the Green Solvents and Bio Solvents Market. The top contributing countries of this market are noted to be China, the U.S., Brazil and few more; with China having accounted for 46.7% of the total green solvents demand in Asia-Pacific region.

Developed regions like Spain, Germany, Japan, and Italy are depicting average growth rates in the Global market but are expected to rise to good scales during the forecast period 2015-2020.

Notable Applications Brief:

While the Green Solvents and Bio Solvents Market is picking up quite a good number of applications, the main few attractive usages are noted to be asphalt paving, roofing shingles, extracting bitumen, heavy oil from...