Bio-solvents Market Dynamics 2021-2031
Bio-based solvents are defined as solvents produced from biomass sources such as energy crops (e.g., corn), forest products (e.g., wood), aquatic biomass (e.g., microalgae), and waste materials (e.g., urban wastes). However, common uses for organic solvents are in dry cleaning (e.g., tetrachloroethylene), as paint thinners (e.g., toluene, oil), as nail polish removers and glue solvents (acetone, methyl acetate, ethyl acetate), in spot removers (e.g., hexane, petrol ether), in detergents (citrus terpenes) and perfumes (ethanol).
MARKET DYNAMICS
The market has witnessed a significant growth owing to factors such as growth of food industry. Moreover, growing environmental concern, over the past decade provides a huge market opportunity for the key players operating in the bio-solvents market. However, relatively higher prices is another factor that is likely to affect the adoption of bio-solvents in certain parts of the globe during forecast period.
MARKET SCOPE
The "Global Bio-Solvents Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation product, application, and geography. The global bio-solvents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bio-solvents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bio-solvents market is segmented on the basis of product and application. On the basis of product, the global market is divided lactate ester, soy methyl ester alcohol, glycols & Others. On the basis of application, the global market is divided paints & coatings, adhesives & sealants, printing inks & others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio-solvents market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bio-solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bio-solvents market in these regions.
MARKET PLAYERS
The reports cover key developments in the bio-solvents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from bio-solvents market is anticipated to lucrative growth opportunities in the future with the rising demand for bio-solvents in the global market. Below mentioned is the list of few companies engaged in the market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the bio-solvents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- BASF SE
- BioAmber Inc.
- Cargill, Incorporated.
- Corbion
- Dow Chemical Company
- Florida Chemicals
- Huntsman International LLC.
- Shenzhen Esuns Industrial Co., Ltd
- Stepan Company
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Bio-solvents Market - By Product
1.3.2Bio-solvents Market - By Application
1.3.3Bio-solvents Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BIO-SOLVENTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.BIO-SOLVENTS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BIO-SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.BIO-SOLVENTS - GLOBAL MARKET OVERVIEW
6.2.BIO-SOLVENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BIO-SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 " PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.LACTATE ESTER
7.3.1.Overview
7.3.2.Lactate Ester Market Forecast and Analysis
7.4.SOY METHYL ESTER ALCOHOL
7.4.1.Overview
7.4.2.Soy Methyl Ester Alcohol Market Forecast and Analysis
7.5.GLYCOLS
7.5.1.Overview
7.5.2.Glycols Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.BIO-SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 " APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PAINTS AND COATINGS
8.3.1.Overview
8.3.2.Paints and Coatings Market Forecast and Analysis
8.4.ADHESIVES AND SEALANTS
8.4.1.Overview
8.4.2.Adhesives and Sealants Market Forecast and Analysis
8.5.PRINTING INKS
8.5.1.Overview
8.5.2.Printing Inks Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.BIO-SOLVENTS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Bio-solvents Market Overview
9.1.2North America Bio-solvents Market Forecasts and Analysis
9.1.3North America Bio-solvents Market Forecasts and Analysis - By Product
9.1.4North America Bio-solvents Market Forecasts and Analysis - By Application
9.1.5North America Bio-solvents Market Forecasts and Analysis - By Countries
9.1.5.1United States Bio-solvents Market
9.1.5.1.1United States Bio-solvents Market by Product
9.1.5.1.2United States Bio-solvents Market by Application
9.1.5.2Canada Bio-solvents Market
9.1.5.2.1Canada Bio-solvents Market by Product
9.1.5.2.2Canada Bio-solvents Market by Application
9.1.5.3Mexico Bio-solvents Market
9.1.5.3.1Mexico Bio-solvents Market by Product
9.1.5.3.2Mexico Bio-solvents Market by Application
9.2.EUROPE
9.2.1Europe Bio-solvents Market Overview
9.2.2Europe Bio-solvents Market Forecasts and Analysis
9.2.3Europe Bio-solvents Market Forecasts and Analysis - By Product
9.2.4Europe Bio-solvents Market Forecasts and Analysis - By Application
9.2.5Europe Bio-solvents Market Forecasts and Analysis - By Countries
9.2.5.1Germany Bio-solvents Market
9.2.5.1.1Germany Bio-solvents Market by Product
9.2.5.1.2Germany Bio-solvents Market by Application
9.2.5.2France Bio-solvents Market
9.2.5.2.1France Bio-solvents Market by Product
9.2.5.2.2France Bio-solvents Market by Application
9.2.5.3Italy Bio-solvents Market
9.2.5.3.1Italy Bio-solvents Market by Product
9.2.5.3.2Italy Bio-solvents Market by Application
9.2.5.4Spain Bio-solvents Market
9.2.5.4.1Spain Bio-solvents Market by Product
9.2.5.4.2Spain Bio-solvents Market by Application
9.2.5.5Russia Bio-solvents Market
9.2.5.5.1Russia Bio-solvents Market by Product
9.2.5.5.2Russia Bio-solvents Market by Application
9.2.5.6Rest of Europe Bio-solvents Market
9.2.5.6.1Rest of Europe Bio-solvents Market by Product
9.2.5.6.2Rest of Europe Bio-solvents Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Bio-solvents Market Overview
9.3.2Asia-Pacific Bio-solvents Market Forecasts and Analysis
9.3.3Asia-Pacific Bio-solvents Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Bio-solvents Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Bio-solvents Market Forecasts and Analysis - By Countries
9.3.5.1Australia Bio-solvents Market
9.3.5.1.1Australia Bio-solvents Market by Product
9.3.5.1.2Australia Bio-solvents Market by Application
9.3.5.2China Bio-solvents Market
9.3.5.2.1China Bio-solvents Market by Product
9.3.5.2.2China Bio-solvents Market by Application
9.3.5.3India Bio-solvents Market
9.3.5.3.1India Bio-solvents Market by Product
9.3.5.3.2India Bio-solvents Market by Application
9.3.5.4Japan Bio-solvents Market
9.3.5.4.1Japan Bio-solvents Market by Product
9.3.5.4.2Japan Bio-solvents Market by Application
9.3.5.5South Korea Bio-solvents Market
9.3.5.5.1South Korea Bio-solvents Market by Product
9.3.5.5.2South Korea Bio-solvents Market by Application
9.3.5.6Rest of Asia-Pacific Bio-solvents Market
9.3.5.6.1Rest of Asia-Pacific Bio-solvents Market by Product
9.3.5.6.2Rest of Asia-Pacific Bio-solvents Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Bio-solvents Market Overview
9.4.2Middle East and Africa Bio-solvents Market Forecasts and Analysis
9.4.3Middle East and Africa Bio-solvents Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Bio-solvents Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Bio-solvents Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Bio-solvents Market
9.4.5.1.1South Africa Bio-solvents Market by Product
9.4.5.1.2South Africa Bio-solvents Market by Application
9.4.5.2Saudi Arabia Bio-solvents Market
9.4.5.2.1Saudi Arabia Bio-solvents Market by Product
9.4.5.2.2Saudi Arabia Bio-solvents Market by Application
9.4.5.3U.A.E Bio-solvents Market
9.4.5.3.1U.A.E Bio-solvents Market by Product
9.4.5.3.2U.A.E Bio-solvents Market by Application
9.4.5.4Rest of Middle East and Africa Bio-solvents Market
9.4.5.4.1Rest of Middle East and Africa Bio-solvents Market by Product
9.4.5.4.2Rest of Middle East and Africa Bio-solvents Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Bio-solvents Market Overview
9.5.2South and Central America Bio-solvents Market Forecasts and Analysis
9.5.3South and Central America Bio-solvents Market Forecasts and Analysis - By Product
9.5.4South and Central America Bio-solvents Market Forecasts and Analysis - By Application
9.5.5South and Central America Bio-solvents Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Bio-solvents Market
9.5.5.1.1Brazil Bio-solvents Market by Product
9.5.5.1.2Brazil Bio-solvents Market by Application
9.5.5.2Argentina Bio-solvents Market
9.5.5.2.1Argentina Bio-solvents Market by Product
9.5.5.2.2Argentina Bio-solvents Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BIO-SOLVENTS MARKET, KEY COMPANY PROFILES
11.1.ARCHER DANIELS MIDLAND COMPANY
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.BASF SE
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BIOAMBER INC.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.CARGILL, INCORPORATED.
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.CORBION
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.DOW CHEMICAL COMPANY
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.FLORIDA CHEMICALS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.HUNTSMAN INTERNATIONAL LLC.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SHENZHEN ESUNS INDUSTRIAL CO., LTD
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.STEPAN COMPANY
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Archer Daniels Midland Company
2. BASF SE
3. BioAmber Inc.
4. Cargill, Incorporated.
5. Corbion
6. Dow Chemical Company
7. Florida Chemicals
8. Huntsman International LLC.
9. Shenzhen Esuns Industrial Co., Ltd
10. Stepan Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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