Global Bio Solvents Industry 2020 Market Share and Size, Trends and Growth, Analysis and Forecast
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Hexa Reports
Market Research Reports and Insightful Company Profiles
Global Bio Solvents Industry 2020 Market Share and
Size, Trends and Growth, Analysis and Forecast
The global bio solvents market is expected to reach USD 9.31 billion by 2020. Volatile petrochemical
prices coupled with growing concerns regarding VOC presence in conventional solvents is expected to
remain a key driving factor for global bio solvents market. Bio solvents have been gaining acceptance
across key end-use industries and are expected to replace most of the conventional solvents on account
of its biodegradability and toxic free properties. Increasing demand for green paints & coatings is
expected to further complement the market growth. Increasing market penetration in pharmaceutical
and cosmetic industries is also expected to have a positive influence on the market growth.
Browse Detail Report With TOC @ http://www.hexareports.com/report/bio-solvents-marketanalysis-by-product-lactate-ester-soy-methyl-ester-alcohol-glycols-by-applications-paints-ampcoatings-adhesives-amp-sealants-printing-inks-and-segment-forecasts-to-2020/details
Further key findings from the study suggest:
Global bio solvents demand was 2,505.0 kilo tons in 2013 and is expected to reach 3,569.6 kilo tons by
2020, growing at a CAGR of 5.2% from 2014 to 2020.
Paints & coatings emerged as the largest application segment and accounted for 44.2% of total market
volume in 2013. Increasing construction spending in emerging markets of Brazil, China and India on
account of increasing urbanization and industrialization rates is expected to remain a key driving factor
for this segment.
Adhesives & sealants is expected to be the fastest growing application segment at an estimated CAGR of
5.3% from 2014 to 2020. Growing demand for bio-based adhesives & sealants from various end-use
industries such as automotive, construction and packaging is expected to remain a key driving factor for
this segment.
Hexa...
Market Research Reports and Insightful Company Profiles
Global Bio Solvents Industry 2020 Market Share and
Size, Trends and Growth, Analysis and Forecast
The global bio solvents market is expected to reach USD 9.31 billion by 2020. Volatile petrochemical
prices coupled with growing concerns regarding VOC presence in conventional solvents is expected to
remain a key driving factor for global bio solvents market. Bio solvents have been gaining acceptance
across key end-use industries and are expected to replace most of the conventional solvents on account
of its biodegradability and toxic free properties. Increasing demand for green paints & coatings is
expected to further complement the market growth. Increasing market penetration in pharmaceutical
and cosmetic industries is also expected to have a positive influence on the market growth.
Browse Detail Report With TOC @ http://www.hexareports.com/report/bio-solvents-marketanalysis-by-product-lactate-ester-soy-methyl-ester-alcohol-glycols-by-applications-paints-ampcoatings-adhesives-amp-sealants-printing-inks-and-segment-forecasts-to-2020/details
Further key findings from the study suggest:
Global bio solvents demand was 2,505.0 kilo tons in 2013 and is expected to reach 3,569.6 kilo tons by
2020, growing at a CAGR of 5.2% from 2014 to 2020.
Paints & coatings emerged as the largest application segment and accounted for 44.2% of total market
volume in 2013. Increasing construction spending in emerging markets of Brazil, China and India on
account of increasing urbanization and industrialization rates is expected to remain a key driving factor
for this segment.
Adhesives & sealants is expected to be the fastest growing application segment at an estimated CAGR of
5.3% from 2014 to 2020. Growing demand for bio-based adhesives & sealants from various end-use
industries such as automotive, construction and packaging is expected to remain a key driving factor for
this segment.
Hexa...