US solvents demand to exceed 12 billion pounds in 2010.
Demand for green solvents is expected to considerably outpace that of conventional solvents, and while green solvents will comprise only eleven percent of the overall market volume in 2010, they will capture over 20 percent of market value. Green solvents have come to prominence through the replacement of conventional solvents over which environmental or toxicological concerns have been raised. Over half of green solvents demand consists of the propylene glycol family of chemicals* Fastest growth will be found in soybean oil solvents (and their derivatives), which will continue to gain share in printing inks as well as begin to penetrate markets such as coatings, cleaning products and paint removers.
Demand for conventional solvents, which was essentially flat in volume terms from 2000 to 2005, will advance at a minimal pace through 2010. Faster growth is expected in market value due to a shift in the product mix toward higher-value oxygenated solvents. The best opportunities will be for alcohol and ester solvents, as these products continue to replace environmentally hazardous hydrocarbon and chlorinated solvents, which are expected to decline. Additionally, certain products which have recently been removed from federal VOC or HAP restrictions, including methyl ethyl ketone, ethylene glycol butyl ether and t-butyl acetate, will experience a boost in demand.
Solvents (published 04/2006, 331 pages) is available for $4,300 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail email@example.com. Information may also be obtained through www.freedoniagroup.com.
A limited license to use or reprint information from this news release is granted to you provided attribution for the same--including, if possible, the price of the report--is given to The Freedonia Group, Inc. (Cleveland, OH). We would also appreciate the courtesy of receiving a copy of the article or publication in which we appear.
US SOLVENTS DEMAND (million pounds) % Annual Growth Item 2000 2005 2010 05/00 10/05 Solvents Demand 11740 11915 12450 0.30 0.90 Conventional 10785 10800 11060 -- 0.50 Green 955 1115 1390 3.10 4.50 Solvents Demand (million $) 3085 4053 4355 5.60 1.40 [c] 2006 by The Freedonia Group, Inc.
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|Publication:||Research Studies - Freedonia Group|
|Date:||Jul 13, 2006|
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