Research and Markets has announced the addition of the ‘Global Green and Bio-Solvents Market 2016 - 2020’ report to its offering.
The report forecasts the global green and bio-solvents market to grow at a CAGR of 8.47% during the period 2016 - 2020.
Green and bio-solvents are derived from agricultural sources, including corn, sugar cane, refined glycerin, soybean oil, lactic acid, bio-succinic acid, and other similar products. These solvents emit less volatile organic compounds (VOCs), are environmentally friendly, and are less toxic compared to petroleum-based conventional solvents. This is the primary reason for manufacturers to shift toward adopting green and bio-solvents.
According to the report, the need for greener and sustainable chemicals has increased the R&D of renewable feedstock. The processing of these feedstocks can help in obtaining platform molecules and down streaming end-products. Also, companies are increasingly preferring green and bio-solvents over conventional solvents.
Key players in the market include Archer Daniels Midland, BASF, BioAmber, Cargill, DuPont, Huntsman and Dow Chemical.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/13072016/growth-in-global-green-and-bio-solvents-market-3694/