The global green solvents market size was exhibited at USD 2,186 million in 2024 and is projected to hit around USD 4,763 million by 2034, growing at a CAGR of 8.1% during the forecast period 2024 to 2034.
The green solvents are generated from bio-based raw materials that have low toxicity, are biodegradable, and have fewer side effects and are used across several industrial sectors such as paints and coatings, pharmaceuticals, cosmetics, and many more with a focus on reducing the carbon footprint. The rising awareness about adverse health effects is driving the adoption of eco-friendly and bio-based solvents across several applications to reduce carbon emissions.
The rising urbanization demands for construction food and beverage, and automobile drives the adoption of green solvents across various sectors. Moreover, extreme government policies and regulations for the adoption of green solvents with a focus on reducing carbon emissions are also propelling the market for green solvents.
Furthermore, the increasing demand for bio-based chemicals with the shift from petrochemicals is driving the attention of most of the industrial sectors to adopting green solvents as a renewable and sustainable option. Also, the ongoing development and research help in improving efficiency and providing cost-effective solutions for green solvents by making them accessible to several industries.
In addition, the agriculture sector also faces problems due to the use of chemicals on the crops which gives rise to the adoption of green solvents in the agriculture sector with less adverse effects on health. Also, the use of novel eco-friendly solvents is gaining demand and expanding the market for green solvents.
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
| Stats ID: | 7195 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7195 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
Unlock unlimited access to all exclusive market research reports, empowering your business.
Get industry insights at the most affordable plan
Stay ahead of the competition with comprehensive, actionable intelligence at your fingertips!
Learn More
