Different types of solvents are utilized extensively in and are vital for almost all industrial processes. However, most of the solvents used in industries are of harmful nature and thus, the concerns regarding their usage are growing rapidly. Large volumes of inflammable and poisonous solvents are used on a daily basis in the field of chemical processing. Moreover, over 20 million tons of waste residues from organic solvents are emitted into the atmosphere each year, which causes wastage of solvents and is responsible for environmental pollution. Additionally, increased exposure to solvents has negative and adverse impacts on living beings, such as damage to nervous and respiratory systems.
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Attributed to these reasons, the need for alternative solutions which won’t cause as much harm to the environment and living beings is growing. The adoption of green solvents, which are environment-friendly solvents or biosolvents and are derived from processing agricultural crops, can deal with these issues to a large extent. Since the efficiency of the process is highly dependent on the solvent type, the special properties of green solvents aid in improving chemical processes, decreasing the processing steps, and lowering the use of solvents. Due to these factors, the green solvents market is predicted to grow at a significant pace in the near future.
Apart from paints and coatings industry, green solvents also find applications in printing inks, industrial & domestic cleaners, and adhesives. The demand for green solvents is expected to considerably high from the paints and coatings industry in the years to come, which is owing to the surging concerns regarding environmental pollution and growing consumer demand for eco-friendly products. In addition to this, a number of companies are focusing on the development of low- or zero-volatile organic compounds (VOC) products, which is further expected to lead to the growing adoption of green solvents.
In the years to come, North America is expected to emerge as a major green solvents market, attributed to the strict government regulations pertaining to emission levels and increasing government funding for eco-friendly chemicals in the region. Moreover, the presence of a large number of industries which make of these solvents for the development of end-products is also leading to the increasing demand for green solvents in the region.