KEY FINDINGS
North America has the largest market share of green solvents market followed closely by Europe. A very high level of awareness about the environment, stringent environmental regulations and improving the economic situation and construction industry in the US and Mexico will lead to higher market share in the forecast period. The North American green solvents market is expected to grow at a CAGR of 7.17% during 2019-2027. High adoption rate and demand from end-use industries and strict environmental regulations for the usage of these particular solvents will be responsible for the market growth.
MARKET INSIGHTS
Green solvents are solvents made from naturally occurring resources like plants, fruits, seeds and other. These are non-emitting VOCs (Volatile Organic Compounds) with very low toxicity level, low miscibility, easily biodegradable under environmental conditions. Environmental concerns have led to industrial participants investing in developing cheaper and superior green solvents. The Federal and environmental agencies like the Environmental Protection Agency (EPA) and ECHA have executed numerous regulations assisting green solvents, thus aiding the global green solvents market. Initiatives like the Montreal Protocol, which are laid down to protect the environment are expected to help the market further. Paint and coatings application segment has the highest market share for green solvents, and it is expected to be the fastest growing segment in the forecast period as well. Huge installation cost, decreasing the price of oil and gas and slow reaction rate compared to alternative chemical solvents are going to restrain its adoption during the forecasting years.
COMPETITIVE INSIGHTS
DowDuPont, AkzoNobel, BASF SE, Huntsman Corporation, Merck & Co., Inc., Sasol Limited, Ashland Inc., Cargill Incorporated, PPG Industries Inc., Koninklijke DSM N.V., Solvay S.A. and Bayer AG are the competing companies in the market.
North America Green Solvents & Bio Solvents Market Forecast 2019-2027
Table of Contents
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF THE MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.1.1. SECONDARY DATA
2.1.2. PRIMARY DATA
2.2. TOP-DOWN APPROACH
2.3. BOTTOM-UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
3.1. MARKET SUMMARY
3.2. KEY FINDINGS
3.2.1. NATURAL INGREDIENTS IN COSMETIC PRODUCTS IS WITNESSING A SIGNIFICANT RISE IN DEMAND
3.2.2. AVAILABILITY OF BIO-BASED FUELS
3.2.3. GLYCEROL CAN BE USED AS A GREEN SOLVENTS
3.2.4. USAGE OF GREEN & BIO SOLVENTS IN VARIOUS INDUSTRIES
3.2.5. RAW MATERIALS USED IN PRODUCTION OF VARIOUS GREEN & BIO SOLVENTS
4. MARKET DYNAMICS
4.1. MARKET SCOPE & DEFINITION
4.2. MARKET DRIVERS
4.2.1. GROWING AWARENESS ABOUT THE POLLUTION LEVEL IN WORLD
4.2.2. REPLACEMENT OF CHEMICAL SOLVENTS WITH GREEN SOLVENTS
4.2.3. ENCOURAGING REGULATION BY THE GOVERNMENT OF VARIOUS NATIONS
4.3. MARKET RESTRAINTS
4.3.1. LACK OF RELIABILITY AND ADEQUATE SUPPLY OF FEEDSTOCKS USED FOR GREEN & BIO SOLVENTS
4.3.2. USE OF HAZARDOUS CHEMICALS AND SYNTHETIC SOLVENTS LEADS TO ADVERSE EFFECTS ON THE ENVIRONMENT
4.4. MARKET OPPORTUNITIES
4.4.1. DEVELOPED COUNTRIES ARE WITNESSING HUGE DEMAND FOR GREEN AND BIO SOLVENTS
4.4.2. SHIFT OF END USER INDUSTRIES TOWARDS ENVIRONMENT-FRIENDLY PRODUCTS
4.4.3. GREEN AND BIO SOLVENTS ARE REPLACING THE TRADITIONAL PETROLEUM-BASED PRODUCTION OF SOLVENTS
4.5. MARKET CHALLENGES
4.5.1. DEFICIT OF FUNDS FOR R&D
4.5.2. ORGANIC SOLVENTS USED IN CHEMICAL PROCESSES HAVE ENORMOUS ENVIRONMENTAL AND ECONOMIC COSTS
5. MARKET BY TYPES
5.1. ESTERS
5.1.1. LACTATE ESTERS
5.1.2. METHYL ESTERS
5.1.3. OTHERS
5.2. BIO ALCOHOLS
5.2.1. BIO-PROPANOL
5.2.2. BIO-BUTANOL
5.2.3. BIO-METHANOL
5.2.4. BIO-ETHANOL
5.3. BIO GLYCOL
5.3.1. BIO-PROPYLENE GLYCOL
5.3.2. BIO-ETHYLENE GLYCOL
5.4. D-LIMONENE
5.5. METHYL SOYATE
5.6. OTHERS
5.6.1. 2-METHYLTETRAHYDROFURAN
5.6.2. HYDROGEN PEROXIDE
6. MARKET BY APPLICATIONS
6.1. PAINTS & COATINGS
6.2. INDUSTRIAL & DOMESTIC CLEANERS
6.3. PRINTING INKS
6.4. PHARMACEUTICALS
6.5. COSMETICS
6.6. PERSONAL CARE
6.7. OTHERS
7. KEY ANALYTICS
7.1. PORTER'S FIVE FORCE MODEL
7.1.1. THREAT OF NEW ENTRANTS
7.1.2. THREAT OF SUBSTITUTE
7.1.3. BARGAINING POWER OF SUPPLIERS
7.1.4. BARGAINING POWER OF BUYERS
7.1.5. THREAT OF COMPETITIVE RIVALRY
7.2. OPPORTUNITY MATRIX
7.3. VENDOR LANDSCAPE
7.4. VALUE CHAIN ANALYSIS
8. NORTH AMERICA
8.1. UNITED STATES
8.2. CANADA
9. COMPANY PROFILES
9.1. BASF SE
9.1.1. OVERVIEW
9.1.2. PRODUCT PORTFOLIO
9.1.3. STRATEGIC INITIATIVES
9.1.4. SCOT ANALYSIS
9.2. DOWDUPONT
9.2.1. OVERVIEW
9.2.2. PRODUCT PORTFOLIO
9.2.3. STRATEGIC INITIATIVES
9.2.4. SCOT ANALYSIS
9.3. KONINKLIJKE DSM N.V.
9.3.1. OVERVIEW
9.3.2. PRODUCT PORTFOLIO
9.3.3. STRATEGIC INITIATIVES
9.3.4. SCOT ANALYSIS
9.4. AKZONOBEL
9.4.1. OVERVIEW
9.4.2. PRODUCT PORTFOLIO
9.4.3. STRATEGIC INITIATIVES
9.4.4. SCOT ANALYSIS
9.5. HUNTSMAN CORPORATION
9.5.1. OVERVIEW
9.5.2. PRODUCT PORTFOLIO
9.5.3. STRATEGIC INITIATIVES
9.5.4. SCOT ANALYSIS
9.6. MERCK & CO., INC.
9.6.1. OVERVIEW
9.6.2. PRODUCT PORTFOLIO
9.6.3. STRATEGIC INITIATIVES
9.6.4. SCOT ANALYSIS
9.7. SASOL LIMITED
9.7.1. OVERVIEW
9.7.2. PRODUCT PORTFOLIO
9.7.3. STRATEGIC INITIATIVES
9.7.4. SCOT ANALYSIS
9.8. ASHLAND INC.
9.8.1. OVERVIEW
9.8.2. PRODUCT PORTFOLIO
9.8.3. STRATEGIC INITIATIVES
9.8.4. SCOT ANALYSIS
9.9. CARGILL INCORPORATED
9.9.1. OVERVIEW
9.9.2. PRODUCT PORTFOLIO
9.9.3. STRATEGIC INITIATIVES
9.9.4. SCOT ANALYSIS
9.10. PPG INDUSTRIES INC.
9.10.1 OVERVIEW
9.10.2 PRODUCT PORTFOLIO
9.10.3 STRATEGIC INITIATIVES
9.10.4 SCOT ANALYSIS
9.11. SOLVAY S.A.
9.11.1 OVERVIEW
9.11.2 PRODUCT PORTFOLIO
9.11.3 STRATEGIC INITIATIVES
9.11.4 SCOT ANALYSIS
9.12. BAYER AG
9.12.1 OVERVIEW
9.12.2 PRODUCT PORTFOLIO
9.12.3 STRATEGIC INITIATIVES
9.12.4 SCOT ANALYSIS
LIST OF TABLES
TABLE 1. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2. CRITICAL DATA POINTS FOR SCORING SOLVENTS BY AMERICAN CHEMICAL SOCIETY
TABLE 3. GREEN SUBSTITUTES OF CONVENTIONAL SOLVENTS - INDUSTRIAL APPLICATIONS
TABLE 4. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY TYPES, 2019-2027 (IN $ MILLION)
TABLE 5. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY APPLICATIONS, 2019-2027 (IN $ MILLION)
TABLE 6. OPPORTUNITY MATRIX
TABLE 7. VENDOR LANDSCAPE
TABLE 8. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
LIST OF FIGURES
FIGURE 1. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY APPLICATIONS, 2018 & 2027 (IN %)
FIGURE 2. WELFARE COSTS FROM PREMATURE DEATHS DUE TO AIR POLLUTION IN 2017, BY REGION (IN MILLION U.S. DOLLARS)
FIGURE 3. SOME HAZARDOUS CHEMICAL SOLVENTS
FIGURE 4. BIO SOLVENTS APPLICATIONS, 2017
FIGURE 5. ACADEMIC AND GOVERNMENT PUSH
FIGURE 6. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 7. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY LACTATE ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 8. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY METHYL ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 9. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 10. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO ALCOHOLS, 2019-2027 (IN $ MILLION)
FIGURE 11. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-PROPANOL, 2019-2027 (IN $ MILLION)
FIGURE 12. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-BUTANOL, 2019-2027 (IN $ MILLION)
FIGURE 13. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-METHANOL, 2019-2027 (IN $ MILLION)
FIGURE 14. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-ETHANOL, 2019-2027 (IN $ MILLION)
FIGURE 15. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 16. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-PROPYLENE GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 17. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-ETHYLENE GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 18. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY D-LIMONENE, 2019-2027 (IN $ MILLION)
FIGURE 19. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY METHYL SOYATE, 2019-2027 (IN $ MILLION)
FIGURE 20. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 21. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY 2- METHYLTETRAHYDROFURAN, 2019-2027 (IN $ MILLION)
FIGURE 22. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, HYDROGEN PEROXIDE, 2019-2027 (IN $ MILLION)
FIGURE 23. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PAINTS & COATINGS, 2019-2027 (IN $ MILLION)
FIGURE 24. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY INDUSTRIAL & DOMESTIC CLEANERS, 2019-2027 (IN $ MILLION)
FIGURE 25. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PRINTING INKS, 2019-2027 (IN $ MILLION)
FIGURE 26. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PHARMACEUTICALS, 2019-2027 (IN $ MILLION)
FIGURE 27. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COSMETICS, 2019-2027 (IN $ MILLION)
FIGURE 28. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PERSONAL CARE, 2019-2027 (IN $ MILLION)
FIGURE 29. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 30. PORTER'S FIVE FORCE ANALYSIS
FIGURE 31. VALUE CHAIN ANALYSIS
FIGURE 32. NORTH AMERICA GREEN SOLVENTS & BIO SOLVENTS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 33. UNITED STATES GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34. CANADA GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLION)
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