Painting & Coating Industry (PCI) logo Powder coating summit logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Painting & Coating Industry (PCI) logo Powder coating summit logo
  • NEWS
    • Latest News
    • Market Trends & Reports
    • Price Alerts
    • Subscribe to eNewsletters
    • Global Top 10/ PCI 25
    • Weekly Featured Article
    • COATLE Word Game
  • PRODUCTS
    • Product News
    • Must See Products and Services
  • MATERIALS
    • Additives
    • Resins/Polymers
    • Pigments
    • Equipment
    • Distributors
  • TECHNOLOGIES
    • Adhesives
    • Architectural Coatings
    • FINISHING
      • Finishing News
      • Finishing Technologies
      • Finishing Equipment
      • Finishing Today
    • Industrial Coatings
    • Nanotechnology
    • Powder Coatings
    • Solventborne
    • Special Purpose Coatings
    • Sustainability
    • UV Coatings
    • Waterborne
  • RESOURCES
    • Columns
      • Ask Joe Powder
      • Did you know?
      • Distribution Dive
      • Focus on Canada
      • Formulating With Mike
      • Innovation Insights
      • Moody's Coatings Conundrums
      • Powder Coating Perspectives
      • Target the Market
      • TiO2 Insider
    • Blogs
      • Editor's Viewpoint
      • Industry Insights
    • Coatings Supplier Handbook
    • Podcasts and Videos
      • COAT-IT! Podcast
      • Videos/PCI TV
    • PCI Store
    • Classifieds
    • eBooks
    • Sponsor Insights
    • White Papers
    • COATLE Word Game
  • EVENTS
    • Coatings Trends & Technologies Summit
    • Paint and Coatings Academy
    • Webinars
    • Calendar of Events
    • Lifetime Achievement Award
  • DIRECTORIES
    • Buyer's Guide
    • Equipment Directory
    • Materials Directory
  • EMAGAZINE
    • Current Issue
    • eMagazine Archive
    • China Issue Archive
    • Editorial Advisory Board
  • CONTACT
    • Contact Us
    • Advertise
    • Subscribe to eMagazine
    • Subscribe to eNewsletters
  • SIGN UP!
Paint and Coating Market Reports

New Report Covers Biobased Solvents Market

MarketForecasts-118438237.jpg
June 29, 2016

PORTLAND – Big Market Research has added a new report covering the global green/biobased solvents market. The report, titled World Green/Bio-Based Solvents Market - Opportunities and Forecast, 2014-2020, offers in-depth industry insights with short- and mid-term impact analysis of key drivers, restraining factors and growth opportunities of the market. It provides an industry overview that evaluates key investment factors in applications and geographies. According to the report, the green/biobased solvents market volume is expected to reach 3,321 kilo tons by the end of 2020, registering a compound annual growth rate (CAGR) of 4.3 percent for the 2015 to 2020 period.

Green solvents are biobased solvents derived from different agricultural sources, which include corn, sugarcane, lactic acid, refined glycerin, bio succinic acid and vegetable oils, among others.

Volatility in global crude oil prices and the lower percentage of VOCs in biobased products are the major factors driving the growth of the biobased market globally. The increasing application of green solvents among various end users, such as paint and coatings and inks used for printing, is another factor that is driving market growth. Green solvents also find increasing applications across different construction activities, and the automobile and consumer goods industries.

Among various types, the ester solvents segment showed the largest consumption in 2014 and will continue to do so within the forecast period. Features such as a good solvency rate, high market availability and lower pricing compared to other green solvents have increased market demand for ester solvents. Among applications, domestic cleaner and industrial applications will register a CAGR of 7.3 percent, which is highest in terms of volume, within the 2015-2020 period. Among application segments, the paint and coatings segment accounted for a 44 percent share of the overall green solvents market and is expected to maintain this trend through the forecast period.

Europe and North America combined accounted for around 70 percent of market share in 2014 and will remain at that level for the forecast period. Favorable government regulations and the rapid adoption of cutting-edge technologies are key factors responsible for market growth in these regions. Inclination towards adopting environment-friendly products among consumers and stringent environmental regulations relating to VOC emissions of synthetic solvents will boost market demand in North America. However, Asia-Pacific is expected to be the fastest growing segment amid the forecast period, mainly due to rising industrial activities.

The report notes that expansion and partnership/collaboration are the dominant developmental strategies expected to be used by key market players to consolidate their presence in the market.

For more information, visit www.bigmarketresearch.com/green-solvents-bio-solvents-market.  

KEYWORDS: sustainable chemical design

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
to unlock your recommendations.

Already have an account? Sign In

  • pci1022-Kinaltek-Lead-1170.jpg

    A Novel Pigment Production Technology

    Following an extensive R&D program that demonstrated...
    Paint and Coating Pigments
    By: Jawad Haidar and Nitin Soni
  • pci global top 10

    2025 Global Top 10: Top Paint and Coatings Companies

    The following is PCI’s annual ranking of the top 10...
    Global Top 10 and PCI 25
    By: Courtney Bassett
  • 2025 pci 25

    2025 PCI 25: Top Paint and Coatings Companies

    PCI's annual ranking of the top 25 North American paint...
    Paint and Coating Market Reports
    By: Courtney Bassett
You must login or register in order to post a comment.

Report Abusive Comment

Manage My Account
  • eMagazine
  • eNewsletter
  • Online Registration
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the PCI audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of PCI or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • Modern arapartment complex painted in bright colors.
    Sponsored byEPS - Engineered Polymer Solutions

    Architectural Polymers Leading the Way in Coatings Innovation

  • paint sprayer in a workshop
    Sponsored byallnex

    Enabling Performance and Compliance: allnex Introduces a New Line of VOC Exempt Solvent-Borne Resins

Popular Stories

No. 7 BASF Coatings

BASF Comments on Potential Sale of Coatings Business

No. 3 AkzoNobel

AkzoNobel’s $1.4B Divestment Signals Strategy Shift

PCI voices from the top

eBook | PCI Voices from the Top



PCI Buyers Guide

Submit a Request for Proposal (RFP) to suppliers of your choice with details on what you need with a click of a button

Start your RFP

Browse our Buyers Guide for manufacturers and distributors of all types of coatings products and much more!

Find Suppliers

Events

September 3, 2025

Coatings Trends & Technologies Summit

The Coatings Trends & Technologies (CTT) Summit is an annual conference for both liquid and powder coatings formulators and manufacturers to discuss innovations in coatings technology. This event combines high-quality technical presentations, a resource-rich exhibit hall, and dedicated networking opportunities to connect scientific minds, foster innovation, and cultivate game-changing new ideas!

January 1, 2030

Webinar Sponsorship Information

For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com.

View All Submit An Event

Poll

Longest-running laboratory experiment

What is the longest-running laboratory experiment?
View Results Poll Archive

Products

CTT Summit Short Courses (Live 9/3/25)

Coatings Trends & Technologies Summit is expanding its offerings with four short courses. These short courses will offer an extensive day of interactive learning.

See More Products
pci voices from the top ebook

PCI CASE EBOOK

Related Articles

  • MarketForecasts-118438237.jpg

    New Report Covers Hydrophobic Coatings Market

    See More
  • Market Forecasts

    New Report Covers the Market for Acrylic Acid

    See More
  • MarketForecasts-118438237.jpg

    New Report Covers Photocatalytic Coatings Market

    See More

Related Products

See More Products
  • marketsandmarketslogo.jpg

    Protective Coatings Market by Resin Type...

  • marketsandmarketslogo.jpg

    Metallic Powder Coatings Market by Process Type (Bonding, Blending, Extrusion)...

  • marketsandmarketslogo.jpg

    Pipe Coatings Market by Surface (Internal and External)...

See More Products

Related Directories

  • Vertec BioSolvents Inc.

    Sustainable, safe, bio-based performance solvents and blends from renewable resources to replace petroleum-based solvents for formulating, blending and cleaning.
  • Vertec BioSolvents Inc.

    Environmentally friendly, safe, sustainable bio-based performance solvents and blends from renewable resources to replace petroleum-based solvents for formulating, blending and cleaning.
×

Keep the info flowing with our eNewsletters!

Get the latest industry updates tailored your way.

JOIN TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Directories
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • eNewsletters
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey & Sample
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • Youtube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing