MARKET TRENDS: Going Green
Demand for solvents is projected to increase 1.3% per year to 11.2 bil. lbs. in 2007. This represents a considerable improvement from the previous five-year period, when solvent usage declined slightly. While demand for conventional solvents is expected to register modest gains, the smaller green solvents segment will continue to post healthy advances. Growth for green solvents has been driven primarily by environmental and regulatory concerns that have prompted end users to replace traditional solvents with more benign alternatives. Indeed, most of the conventional solvents projected to register above-average growth will do so largely by means of replacing hydrocarbons and other problematic solvents.
These and other trends are presented in Solvents, a study from The Freedonia Group Inc., a Cleveland-based industrial market research firm.
Manufacturers of adhesives, coatings, printing inks and other products remain committed to reducing solvent loadings in their products, as evidenced by the growing preponderance of waterborne coatings, increased production of aqueous printing inks, and high-solids versions of adhesives and sealants. While these trends will lead to outright declines for many traditional solvent products, they will also create opportunities for alternative products. Many of these alternatives, such as propylene glycol, terpenes and hydrogen peroxide, are green solvents. But some conventional solvents, namely alcohols (ethanol in particular) and esters, will also register gains.
Solvents (published 04/2003, 329 pages) is available for $3,900 from The Freedonia Group Inc., 767 Beta Dr., Cleveland, OH 44143-2326. For more information, contact Corinne Gangloff, phone 440-684-9600; fax 440-646-0484; e-mail firstname.lastname@example.org; or visit www.freedoniagroup.com.