"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Renewable Solvent Market Size, Share & Industry Analysis, By Raw Material (Cellulose, Starch, Oil), By Solvent Type (Ethanol, Ethyl Acetate, 2-Methyltetrahydrofuran, Bio- Methanol , Bio- Butanol, Levoglucosenone, Dimethyl iso-sorbide, Others), By Application (Paints & Coatings, Pharmaceuticals, Adhesives, Home & Personal Care, Industrial Cleaning, Plastics & Polymers, Agrochemicals, Food & Beverage, Others) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI104236 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Renewable solvents are produced by the fermentation process from renewable resources. The raw material used are cellulose, starch, and oil. It can be completely dissolved, and suspended in other materials. The renewable solvents help to reduce cost, due to which it is utilized as a substitute solution over traditional solvents. Additionally, renewable solvents are less toxic than traditional solvents, it is also biodegradable in nature and release lesser VOC emissions. These benefits of renewable solvents surge its demand in the various application which include paints & coatings, pharmaceuticals, adhesives, home & personal care, industrial cleaning, plastics & polymers, agrochemicals, and food & beverage.


Rising environmental impact has surged the demand for renewable solvents. Many petroleum-based traditional solvents are highly flammable & toxic and contain a high amount of VOC content. This further impacts the environment, thereby creating air pollution and cause various types of diseases such as lung infection, nausea, headache, and skin irritation. These factors raise the demand for renewable solvents, owing to its less toxic and releasing of lower VOC emission. In addition, the rising stringent regulations on traditional solvents will further surge the demand for renewable solvents. Hence, the rising demand will further fuel the renewable solvents market growth during the forecast timeline.


However, fluctuation in the raw material prices reduces the adoption of renewable solvents and impacts the overall price of the product. Hence, this is anticipated to hinder the market growth during the forecast timeline.


Key Market Driver -

Rising environmental impact led to the demand for renewable solvents

Key Market Restraint -

Fluctuation in the raw material prices of renewable solvent to restrict the market growth


Market Segmentation:


Based on raw material, the renewable solvent market is segmented into cellulose, starch, and oil. Based on solvent type, the market is segmented into ethanol, ethyl acetate, 2-methyltetrahydrofuran, bio- methanol, bio- butanol, levoglucosenone, dimethyl iso-sorbide, and others. Based on application, the market is segmented into paints & coatings, pharmaceuticals, adhesives, home & personal care, industrial cleaning, plastics & polymers, agrochemicals, food & beverage, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.


Key Players Covered:


The key players in the renewable solvent market includes Neste, ASTROBIO, Nexant Inc., US Polychem, IHS Markit, InKemia Green Chemicals, Inc., Archer Daniels Midland Company, Braskem, Vertec Biosolvents, Cargill Incorporated, Wilmar BioEthanol, and Cremer Oleo Gmbh & Company KG.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


North America is anticipated to witness higher growth in the renewable solvent market during the forecast period. The stringent regulations over traditional solvents have surged the demand for renewable solvent. Further, rising product consumption in the paints & coatings and pharmaceutical industries have also fueled the market growth in this region. The rising demand for renewable solvent in the industrial cleaning and plastics & polymers will propel the market in Europe. In Asia Pacific, growth is attributed to the rising product demand in the food & beverage industry. The Middle East & Africa is expected to witness significant growth, owing to the rising demand for renewable solvent in the home & personal care industry. 


To gain extensive insights into the market, Request for Customization


Segmentation


























 ATTRIBUTE


  DETAILS

By Raw Material




  • Cellulose

  • Starch

  • Oil



By Solvent Type




  • Ethanol

  • Ethyl Acetate

  • 2-Methyltetrahydrofuran

  • Bio- Methanol

  • Bio- Butanol

  • Levoglucosenone

  • Dimethyl iso-sorbide

  • Others



By Application




  • Paints & Coatings

  • Pharmaceuticals

  • Adhesives

  • Home & Personal Care

  • Industrial Cleaning

  • Plastics & Polymers

  • Agrochemicals

  • Food & Beverage

  • Others



By Geography




  • North America (U.S. and Canada)

  • Europe (Germany, France, UK, Italy, Spain, and Rest of Europe)

  • Asia Pacific (China, India, Japan, South Korea, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Renewable Solvent Industry Developments



  • In June 2019, Genomatica has acquired certain assets of the REG Life Sciences division from Renewable Energy Group, Inc. This acquisition will help the company to make long-chain chemicals from renewable feedstock’s, which is majorly used in solvents, polymers, and fuels.

  • In April 2019, Braskem launched HE-70S, its first partially renewable solvent. The new product is made from sugarcane ethanol. This launch will help the company to expand its chemical products portfolio.

  • In April 2019, Merck KGaA introduced Cyrene, a sustainable dipolar aprotic solvent. The product is made from a renewable cellulose source. This product is an alternative to N-methyl-2-pyrrolidone and dimethylformamide. This launch will help the company to meet the stricter regulatory requirements for environmental sustainability and employee safety.


  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

3M
BASF
Citibank
uniliver
Kpmg

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X