The global green and bio-solvents market is increasing in popularity, after experts have predicted the industry is set to grow at a significant rate.
The Global Green and Bio Solvents Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications and Growth Forecast to 2026 report was released earlier this week, looking at how scientists are planning to use these products in procedures in the future.
These solvents, which are formed from natural elements including fruits, seeds and plants, can be used in the process of dissolving solids, influencing viscosity and reaction rate, heat management, separate science and enhance mixing.
Eurowatchers.com reported the USA to be the biggest influencer in pushing this market forward in the future, saying: “The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to advanced product development, and increasing adoption of green and bio-based solvent products in various countries in this region.”
Key locations that are buying into the industry are Europe, Asia Pacific, Latin American, the Middle East and Africa, as well as the USA.
These countries are using the products in production of paints, coatings, industrial and domestic cleaners, personal care and cosmetics, and pharmaceuticals.
According to the news provider, the paint and coatings products will drive the sales of green and bio-based solvents.
This is due to more people expressing “environmental concern resulting in increasing adoption of eco-friendly products”.
Bio fuels, such as methanol and bio-ethanol, are also growing in popularity, as they are derived through biological, and not geological, processes.