The European green solvents & bio solvents market will be growing at a CAGR of 5.62% during 2019-2027. They are being used more than conventional solvents, as they are less toxic, easy to recycle and have a high boiling point. Environmental concerns have led to industrial participants investing in developer cheaper and superior green solvents.
EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET FORECAST 2019-2027
Europe Green Solvents & Bio Solvents Market by Types (Esters, Bio Alcohols, Bio Glycol, D-limonene, Methyl Soyate, Others) Market by Applications (Paints & Coatings, Industrial & Domestic Cleaners, Printing Inks, Pharmaceuticals, Cosmetics, Personal Care, Others) by Geography
The European green solvents & bio solvents market will be growing at a CAGR of 5.62% during 2019-2027. They are being used more than conventional solvents, as they are less toxic, easy to recycle and have a high boiling point. Environmental concerns have led to industrial participants investing in developer cheaper and superior green solvents. Due to below-average building construction expenditure growth, mortgage sector weaknesses in some constituent nations, and stagnant regional population gains, Europe’s share of the global market has not increased much, compared to the Asian and North American regions. Although the export of architectural paints & coatings from this region will be profitable shortly.
In 2018, the majority of market share was captured by Germany in the global green solvents & bio solvents market in the Europe region. Germany contributed xx% of market share in 2018 & is estimated to contribute the majority of share to remain at xx% in 2027 as compared to 2018. On the other hand, Spain is anticipated to be the fastest growing segment in the market with a CAGR of xx% during the forecast period 2019-2027. Lactate esters and D-limonene are also expected to report decent growth rate during the forecast period. High investment cost to start production and declining price of oil and gas are going to limit the market growth. The economies of the United Kingdom, Germany, France, Italy, Russia, Spain and the Rest of Europe are the major revenue contributors to the Europe green solvents and bio solvents market.
The companies contributing major revenue for the European market are Cargill Incorporated, PPG Industries Inc., AkzoNobel, Huntsman Corporation, Merck & Co., Inc., Sasol Limited, DowDuPont, Ashland Inc., BASF SE, Koninklijke DSM N.V., Solvay S.A. and Bayer AG.
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- RESEARCH SCOPE
- STUDY GOALS
- SCOPE OF THE MARKET STUDY
- WHO WILL FIND THIS REPORT USEFUL?
- STUDY AND FORECASTING YEARS
- RESEARCH METHODOLOGY
- SOURCES OF DATA
- SECONDARY DATA
- PRIMARY DATA
- TOP-DOWN APPROACH
- BOTTOM-UP APPROACH
- DATA TRIANGULATION
- SOURCES OF DATA
- EXECUTIVE SUMMARY
- MARKET SUMMARY
- KEY FINDINGS
- NATURAL INGREDIENTS IN COSMETIC PRODUCTS IS WITNESSING A SIGNIFICANT RISE IN DEMAND
- AVAILABILITY OF BIO-BASED FUELS
- GLYCEROL CAN BE USED AS A GREEN SOLVENTS
- USAGE OF GREEN & BIO SOLVENTS IN VARIOUS INDUSTRIES
- RAW MATERIALS USED IN PRODUCTION OF VARIOUS GREEN & BIO SOLVENTS
- MARKET DYNAMICS
- MARKET SCOPE & DEFINITION
- MARKET DRIVERS
- GROWING AWARENESS ABOUT THE POLLUTION LEVEL IN WORLD
- REPLACEMENT OF CHEMICAL SOLVENTS WITH GREEN SOLVENTS
- ENCOURAGING REGULATION BY THE GOVERNMENT OF VARIOUS NATIONS
- MARKET RESTRAINTS
- LACK OF RELIABILITY AND INADEQUATE SUPPLY OF FEEDSTOCKS USED FOR GREEN & BIO SOLVENTS
- USE OF HAZARDOUS CHEMICALS AND SYNTHETIC SOLVENTS LEADS TO ADVERSE EFFECTS ON THE ENVIRONMENT
- MARKET OPPORTUNITIES
- DEVELOPED COUNTRIES ARE WITNESSING HUGE DEMAND FOR GREEN AND BIO SOLVENTS
- SHIFT OF END USER INDUSTRIES TOWARDS ENVIRONMENT-FRIENDLY PRODUCTS
- GREEN AND BIO SOLVENTS ARE REPLACING THE TRADITIONAL PETROLEUM-BASED PRODUCTION OF SOLVENTS
- MARKET CHALLENGES
- DEFICIT OF FUNDS FOR R&D
- ORGANIC SOLVENTS USED IN CHEMICAL PROCESSES HAVE ENORMOUS ENVIRONMENTAL AND ECONOMIC COSTS
- MARKET BY TYPES
- ESTERS
- LACTATE ESTERS
- METHYL ESTERS
- OTHERS
- BIO ALCOHOLS
- BIO-PROPANOL
- BIO-BUTANOL
- BIO-METHANOL
- BIO-ETHANOL
- BIO GLYCOL
- BIO-PROPYLENE GLYCOL
- BIO-ETHYLENE GLYCOL
- D-LIMONENE
- METHYL SOYATE
- OTHERS
- 2-METHYLTETRAHYDROFURAN
- HYDROGEN PEROXIDE
- ESTERS
- MARKET BY APPLICATIONS
- PAINTS & COATINGS
- INDUSTRIAL & DOMESTIC CLEANERS
- PRINTING INKS
- PHARMACEUTICALS
- COSMETICS
- PERSONAL CARE
- OTHERS
- KEY ANALYTICS
- PORTER’S FIVE FORCE MODEL
- THREAT OF NEW ENTRANTS
- THREAT OF SUBSTITUTE
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF BUYERS
- THREAT OF COMPETITIVE RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
- PORTER’S FIVE FORCE MODEL
- EUROPE
- UNITED KINGDOM
- FRANCE
- ITALY
- RUSSIA
- SPAIN
- GERMANY
- REST OF EUROPE
- COMPANY PROFILES
- BASF SE
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- DOWDUPONT
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- KONINKLIJKE DSM N.V.
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- AKZONOBEL
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- HUNTSMAN CORPORATION
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- MERCK & CO., INC.
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- SASOL LIMITED
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- ASHLAND INC.
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- CARGILL INCORPORATED
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- PPG INDUSTRIES INC.
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- SOLVAY S.A.
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- BAYER AG
- OVERVIEW
- PRODUCT PORTFOLIO
- STRATEGIC INITIATIVES
- SCOT ANALYSIS
- BASF SE
TABLE LIST
TABLE 1. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)
TABLE 2. GREEN SUBSTITUTES OF CONVENTIONAL SOLVENTS – INDUSTRIAL APPLICATIONS
TABLE 3. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY TYPES, 2019-2027, (IN $ MILLION)
TABLE 4. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY APPLICATIONS, 2019-2027, (IN $ MILLION)
TABLE 5. OPPORTUNITY MATRIX
TABLE 6. VENDOR LANDSCAPE
TABLE 7. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COUNTRY, 2019-2027, (IN $ MILLION)
FIGURES LIST
FIGURE 1. EUROPE 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)
FIGURE 3. SOME HAZARDOUS CHEMICAL SOLVENTS
FIGURE 4. BIO SOLVENTS APPLICATIONS, 2017
FIGURE 5. ACADEMIC AND GOVERNMENT PUSH
FIGURE 6. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 7. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY LACTATE ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 8. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY METHYL ESTERS, 2019-2027 (IN $ MILLION)
FIGURE 9. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 10. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO ALCOHOLS, 2019-2027 (IN $ MILLION)
FIGURE 11. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-PROPANOL, 2019-2027 (IN $ MILLION)
FIGURE 12. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-BUTANOL, 2019-2027 (IN $ MILLION)
FIGURE 13. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-METHANOL, 2019-2027 (IN $ MILLION)
FIGURE 14. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-ETHANOL, 2019-2027 (IN $ MILLION)
FIGURE 15. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 16. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-PROPYLENE GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 17. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY BIO-ETHYLENE GLYCOL, 2019-2027 (IN $ MILLION)
FIGURE 18. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY D-LIMONENE, 2019-2027 (IN $ MILLION)
FIGURE 19. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY METHYL SOYATE, 2019-2027 (IN $ MILLION)
FIGURE 20. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)
FIGURE 21. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY 2-METHYLTETRAHYDROFURAN, 2019-2027 (IN $ MILLION)
FIGURE 22. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, HYDROGEN PEROXIDE, 2019-2027 (IN $ MILLION)
FIGURE 23. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PAINTS & COATINGS, 2019-2027 (IN $ MILLION)
FIGURE 24. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY INDUSTRIAL & DOMESTIC CLEANERS, 2019-2027 (IN $ MILLION)
FIGURE 25. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PRINTING INKS, 2019-2027 (IN $ MILLION)
FIGURE 26. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PHARMACEUTICALS, 2019-2027 (IN $ MILLION)
FIGURE 27. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY COSMETICS, 2019-2027 (IN $ MILLION)
FIGURE 28. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, BY PERSONAL CARE, 2019-2027 (IN $ MILLION)
FIGURE 29. EUROPE 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. EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)
FIGURE 33. UNITED KINGDOM GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLION)
FIGURE 34. FRANCE GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
FIGURE 35. ITALY GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
FIGURE 36. RUSSIA GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
FIGURE 37. SPAIN GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
FIGURE 38. GERMANY GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
FIGURE 39. REST OF EUROPE GREEN SOLVENTS & BIO SOLVENTS MARKET, 2019-2027 (IN $ MILLIONS)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- UNITED KINGDOM
- FRANCE
- ITALY
- RUSSIA
- SPAIN
- GERMANY
- REST OF EUROPE
- EUROPE
- MARKET BY TYPES
- ESTERS
- LACTATE ESTERS
- METHYL ESTERS
- OTHERS
- BIO ALCOHOLS
- BIO-PROPANOL
- BIO-BUTANOL
- BIO-METHANOL
- BIO-ETHANOL
- BIO GLYCOL
- BIO-PROPYLENE GLYCOL
- BIO-ETHYLENE GLYCOL
- D-LIMONENE
- METHYL SOYATE
- OTHERS
- 2-METHYLTETRAHYDROFURAN
- HYDROGEN PEROXIDE
- ESTERS
- MARKET BY APPLICATIONS
- PAINTS & COATINGS
- INDUSTRIAL & DOMESTIC CLEANERS
- PRINTING INKS
- PHARMACEUTICALS
- COSMETICS
- PERSONAL CARE
- OTHERS
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