How Sustainability Influences Solvent Demand

Comentários · 45 Visualizações

Solvent Market was valued at USD 23.4 billion in 2021 and is projected to grow from USD 25.6 billion in 2022 to USD 50.01 billion by 2030, with a CAGR of 6.4% during the forecast period.

The solvent demand has been steadily increasing due to the expansion of key end-use industries like pharmaceuticals, paints and coatings, and industrial manufacturing. Rising global production and urbanization further contribute to growing consumption.

High solvent demand is also fueled by the increasing need for specialty solvents and green alternatives in sensitive applications, such as healthcare and food processing. Regulatory compliance and sustainability considerations are further influencing demand patterns.

The Solvent Market continues to experience growth as industries adopt innovative solutions to meet the rising solvent demand for performance, efficiency, and environmental compliance.

Comentários