Global Green Solvents & Bio Solvents Market at a CAGR of 7.51% by 2027
KEY FINDINGS The global greensolvents market is poised to grow from 2019 to 2027 approximately at a CAGR of 7.51% during 2019-2027. Some of the reasons for the growth of the green solvents market are their eco-friendly nature, low volatile organic compound emission rate and high adoption rate and demand from end-use industries and strict environmental regulations. Green solvents are solvents made from naturally occurring resources like plants, fruits, seeds and other. These are non-emitting VOCs (Volatile Organic Compounds), and their characteristics are no or low toxicity, low miscibility, easily biodegradable under environmental conditions. They are being used more than conventional solvents, as they are less toxic, easy to recycle and have a high boiling point. Environmental concerns have led to industrial participants investing to developer cheaper and superior green solvents. MARKET INSIGHTS Stringent environmental regulations, low volatile organic compound e...