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Global Bio Solvents Market by Application (Adhesives & Sealants, Paints & Coatings, Printing Inks), by Product (Lactate Ester, Soy Methyl Ester, Alcohol, Glycols) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CHM-72976
  • Author: Up Market Research
  • Rating: 4.7
  • Total Reviews: 64
  • No. Of Pages: 218
  • Format:
  • Pub. Date: 2021-10-21
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Industry Insights

Global bio solvents demand was 2,505.5 Kilotons in 2013. It is expected to grow at 5.2% CAGR from 2014 to 2020. The global market will continue to be driven by fluctuating petrochemical prices and growing health concerns from VOCs in conventional solvents. REACH, EPA and DEFRA have imposed strict regulations regarding the toxicity conventional solvents. This has led to a shift towards biosolvents. This trend is expected have a positive effect on global market growth.

Paints and coatings use solvents to dissolve various compounds. This makes it more suitable for the intended application. Solvent-based paints dry quicker than other types, while maintaining a higher production rate. The use of bio-solvents has been increasing due to increased health concerns and stringent government regulations about VOC emission. Bio solvents are becoming more popular due to their easy-to-use and eco-friendly nature.

Global market growth will be further driven by the increased penetration of bio solvents in paints, coatings and printing inks. Paints & coatings demand will be driven by the growth of the construction and automotive industries in emerging countries of Asia Pacific, Latin America and Latin America due to urbanization and industrialization. The market's growth is expected to be further boosted by a growing paints & coats market. The demand for bio solvents will continue to grow as people become more aware of the dangers of traditional solvents in personal and pharmaceutical products.

Market participants will be able to benefit from the widespread R&D that is being done to expand bio solvents' application in cosmetics and pharmaceutical applications. Market entrants have been hindered by high production costs for bio solvents. These challenges will be overcome by technological advances and product innovation over the forecast period.

Product Insights

The report segments bio solvent products into lactate esters, soy methyl esters, alcohol, and glycols among others such as d-limonene, diols, and polyhydroxyalkanoates. The market volume for lactate ester was 30.04% in 2013. The market is expected to grow due to the increasing demand for lactate ester solvents in coatings, printing and industrial applications.

Glycol solvents will experience the greatest growth due to its increased penetration in paints, automotive coatings and printing inks. Glycol solvents are preferred because of their slow evaporation and high resistance to blushing.

Application Insights

The market for bio solvents can be divided into three categories based on their application: paints & coatings adhesives & sealants and printing inks. There are also niche applications like pharmaceuticals and cosmetics. Paints & coatings demand will rise due to rising construction spending in emerging markets like Brazil, China and India. Bio solvents demand will be driven by a shift in the trends to use eco-friendly paints and a growing construction industry.

Paints and coatings was the most popular application segment, with 1,106.5 kilo tonnes of demand in 2013. The major driver of bio solvents demand has been the growing demand for paints and coatings in the construction and automotive industries. The fastest-growing segment of bio solvent applications is expected to be adhesives & sealants, growing at a CAGR of 5.3% between 2014 and 2020.

Regional Insights

North America was the largest bio solvent consumer, accounting for 34.97% in total market volume. This market is characterised by high awareness about the environmental and health effects of conventional solvents, as well as strict environmental regulations. The U.S. government is increasing spending on public infrastructure to increase paint & coatings consumption, which is expected to boost North American biosolvents market demand over the forecast period.

Due to the growing construction and automobile industries, Asia Pacific is expected to experience significant growth. The rapid industrialization of emerging markets like India and China is expected to increase adhesives and sealants demand. The Asia Pacific market is expected to grow due to this trend and growing concern about the degradation of conventional solvents.

Market Share in Bio Solvents

The global market is highly concentrated, with the top four companies holding more than 60% market share in 2014. The Dow Chemical Co. and AkzoNobel N.V. are major players in the global market. du Pont de Nemours & Co.; BASF SE. LyondellBasell BioAmber Huntsman Corp. Myriant Corp. Vertec Biosolvents, and Florida Chemicals.

Joint ventures and M&A are common in bio solvent product development and market positioning. The market will be more competitive due to the increasing number of small-scale producers in Europe, China and elsewhere. To improve production technology and expand application possibilities, companies are investing heavily in R&D.

Up Market Research published a new report titled “Bio Solvents Market research report which is segmented by Application (Adhesives & Sealants, Paints & Coatings, Printing Inks), by Product (Lactate Ester, Soy Methyl Ester, Alcohol, Glycols), By Players/Companies Myriant Corp, BioAmber, Huntsman Corp, AkzoNobel NV, The Dow Chemical Co, LyondellBasell, Vertec Biosolvents and Florida Chemicals, Cargill Inc, EI du Pont de Nemours & Co, BASF SE”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleBio Solvents Market Research Report
By ApplicationAdhesives & Sealants, Paints & Coatings, Printing Inks
By ProductLactate Ester, Soy Methyl Ester, Alcohol, Glycols
By CompaniesMyriant Corp, BioAmber, Huntsman Corp, AkzoNobel NV, The Dow Chemical Co, LyondellBasell, Vertec Biosolvents and Florida Chemicals, Cargill Inc, EI du Pont de Nemours & Co, BASF SE
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages218
Number of Tables & Figures153
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Bio Solvents Industry Outlook

Global Bio Solvents Market Report Segments:

The market is segmented by Application (Adhesives & Sealants, Paints & Coatings, Printing Inks), by Product (Lactate Ester, Soy Methyl Ester, Alcohol, Glycols).

Bio Solvents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Bio Solvents Market

Overview of the regional outlook of the Bio Solvents Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Bio Solvents Market Overview

Highlights of The Bio Solvents Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Bio Solvents Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Adhesives & Sealants

                2. Paints & Coatings

                3. Printing Inks

        7. By Product:

                1. Lactate Ester

                2. Soy Methyl Ester

                3. Alcohol

                4. Glycols

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bio Solvents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Bio Solvents Market Trends

Reasons to Purchase the Bio Solvents Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bio Solvents Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Bio Solvents Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Bio Solvents Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Bio Solvents Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Bio Solvents Market Size & Forecast, 2018-2028 
      4.5.1 Bio Solvents Market Size and Y-o-Y Growth 
      4.5.2 Bio Solvents Market Absolute $ Opportunity 


Chapter 5 Global Bio Solvents Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Bio Solvents Market Size Forecast by Application
      5.2.1 Adhesives & Sealants
      5.2.2 Paints & Coatings
      5.2.3 Printing Inks
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Bio Solvents Market Analysis and Forecast by Product
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Product
      6.1.2 Basis Point Share (BPS) Analysis by Product
      6.1.3 Absolute $ Opportunity Assessment by Product
   6.2 Bio Solvents Market Size Forecast by Product
      6.2.1 Lactate Ester
      6.2.2 Soy Methyl Ester
      6.2.3 Alcohol
      6.2.4 Glycols
   6.3 Market Attractiveness Analysis by Product

Chapter 7 Global Bio Solvents Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Bio Solvents Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Bio Solvents Analysis and Forecast
   9.1 Introduction
   9.2 North America Bio Solvents Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Bio Solvents Market Size Forecast by Application
      9.6.1 Adhesives & Sealants
      9.6.2 Paints & Coatings
      9.6.3 Printing Inks
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Bio Solvents Market Size Forecast by Product
      9.10.1 Lactate Ester
      9.10.2 Soy Methyl Ester
      9.10.3 Alcohol
      9.10.4 Glycols
   9.11 Basis Point Share (BPS) Analysis by Product 
   9.12 Absolute $ Opportunity Assessment by Product 
   9.13 Market Attractiveness Analysis by Product

Chapter 10 Europe Bio Solvents Analysis and Forecast
   10.1 Introduction
   10.2 Europe Bio Solvents Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Bio Solvents Market Size Forecast by Application
      10.6.1 Adhesives & Sealants
      10.6.2 Paints & Coatings
      10.6.3 Printing Inks
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Bio Solvents Market Size Forecast by Product
      10.10.1 Lactate Ester
      10.10.2 Soy Methyl Ester
      10.10.3 Alcohol
      10.10.4 Glycols
   10.11 Basis Point Share (BPS) Analysis by Product 
   10.12 Absolute $ Opportunity Assessment by Product 
   10.13 Market Attractiveness Analysis by Product

Chapter 11 Asia Pacific Bio Solvents Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Bio Solvents Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Bio Solvents Market Size Forecast by Application
      11.6.1 Adhesives & Sealants
      11.6.2 Paints & Coatings
      11.6.3 Printing Inks
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Bio Solvents Market Size Forecast by Product
      11.10.1 Lactate Ester
      11.10.2 Soy Methyl Ester
      11.10.3 Alcohol
      11.10.4 Glycols
   11.11 Basis Point Share (BPS) Analysis by Product 
   11.12 Absolute $ Opportunity Assessment by Product 
   11.13 Market Attractiveness Analysis by Product

Chapter 12 Latin America Bio Solvents Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Bio Solvents Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Bio Solvents Market Size Forecast by Application
      12.6.1 Adhesives & Sealants
      12.6.2 Paints & Coatings
      12.6.3 Printing Inks
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Bio Solvents Market Size Forecast by Product
      12.10.1 Lactate Ester
      12.10.2 Soy Methyl Ester
      12.10.3 Alcohol
      12.10.4 Glycols
   12.11 Basis Point Share (BPS) Analysis by Product 
   12.12 Absolute $ Opportunity Assessment by Product 
   12.13 Market Attractiveness Analysis by Product

Chapter 13 Middle East & Africa (MEA) Bio Solvents Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Bio Solvents Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Bio Solvents Market Size Forecast by Application
      13.6.1 Adhesives & Sealants
      13.6.2 Paints & Coatings
      13.6.3 Printing Inks
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Bio Solvents Market Size Forecast by Product
      13.10.1 Lactate Ester
      13.10.2 Soy Methyl Ester
      13.10.3 Alcohol
      13.10.4 Glycols
   13.11 Basis Point Share (BPS) Analysis by Product 
   13.12 Absolute $ Opportunity Assessment by Product 
   13.13 Market Attractiveness Analysis by Product

Chapter 14 Competition Landscape 
   14.1 Bio Solvents Market: Competitive Dashboard
   14.2 Global Bio Solvents Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Myriant Corp
      14.3.2 BioAmber
      14.3.3 Huntsman Corp
      14.3.4 AkzoNobel NV
      14.3.5 The Dow Chemical Co
      14.3.6 LyondellBasell
      14.3.7 Vertec Biosolvents and Florida Chemicals
      14.3.8 Cargill Inc
      14.3.9 EI du Pont de Nemours & Co
      14.3.10 BASF SE
Segments Covered in the Report
The global Bio Solvents market has been segmented based on

By Application
  • Adhesives & Sealants
  • Paints & Coatings
  • Printing Inks
By Product
  • Lactate Ester
  • Soy Methyl Ester
  • Alcohol
  • Glycols
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Myriant Corp
  • BioAmber
  • Huntsman Corp
  • AkzoNobel NV
  • The Dow Chemical Co
  • LyondellBasell
  • Vertec Biosolvents and Florida Chemicals
  • Cargill Inc
  • EI du Pont de Nemours & Co
  • BASF SE

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