Green Solvent Market Trends - Global Industry Analysis, 2017 – 2024

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Green Solvent Market Research Report, 2017
2024 Global Market Insights Inc.
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Key Insights from Green Solvent Market

• Green solvent is usually processed from lactic
  acid, sugarcane, soybean oil, corn, and refined
  glycerine. Increase in environmental awareness
  and supporting regulations should drive green
  solvents market growth.
• Global adhesive and sealant market is poised to
  exceed over USD 6.5 billion in 2024. Green
  solvent emit low VoC, thereby reduces smog
  formation and protects the environment.
• They are easy to use, possess good sticking
  property and do not emit metal welding toxic
  gases. It is cost effective option and do not
  induce stress and affect mechanical property of
  joining parts.

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Continued...

• Increase in standard of living and growing
  consumer health awareness has propelled domestic
  cleaner industry. Global domestic cleaner
  industry is poised to surpass USD 4 billion by
  2024.
• Global paints coatings market size should
  witness significant gains at over 5.5. In
  paints, solvents easily disperse or dissolve
  different components used in the paint
  formulation including resin and pigment, thereby
  making it suitable for the application.
• North America, driven by Canada and the U.S.
  green solvent market size may witness strong
  growth owing to growing automotive sector along
  with strict government regulation regarding VoC
  emission may drive regional industry growth.

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360 Analysis

• Product Analysis
• Volatility in crude oil prices along with
  environmental effects of VoC may hinder the
  industry growth and affect green solvents market
  price trend. However, strict government
  guidelines by EPA regarding VoC emissions along
  with consumer awareness for eco-friendly products
  should drive green solvents market growth.
• Regional Analysis
• Europe, green solvents market size, driven by UK,
  France, Italy, and Germany, may show significant
  gains. Presence of major automotive industries
  in France and Germany should drive adhesives and
  sealants market in the region.
• Competitive Market Share
• Global green solvent market share is competetive.
  Key market players operating in the industry
  include Huntsman, BASF, Solvay, Dow Chemical,
  Cargill, DuPont, Gevo, Vertec, Myriant,
  Lyondellbasell and Bio Amber.

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