Global Biodegradable Solvents Market 2024-2030

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    BIODEGRADABLE SOLVENTS MARKET

     

    INTRODUCTION

    Solvents that may dissolve or scatter other chemicals and can go through natural biodegradation processes are referred to as biodegradable solvents. The process of breaking down organic materials into simpler chemicals that are often less damaging to the environment is known as biodegradation.

     

    Unlike conventional, non-biodegradable solvents, these solvents are made to have a lower environmental impact. Due to their persistence, tendency to contribute to air and water pollution, and toxicity, conventional solvents, which are often employed in a variety of industrial processes, can present dangers to the environment and human health.

     

    Alternatives include biodegradable solvents, which degrade into harmless metabolites over time as a result of normal biological processes. The harmful impacts of solvent use and disposal may be lessened as a result.

     

    The demand for biodegradable solvents is on the rise due to mounting environmental concerns, stricter regulations on hazardous chemicals, health and safety benefits for workers and consumers, consumer preferences for eco-friendly products, sustainability goals of industries, technological advancements, and a broader adoption across various sectors.

     

    Biodegradable solvents offer a safer, greener alternative that aligns with corporate social responsibility, reduces waste, and meets the growing desire for sustainable practices in today’s world.

     

    BIODEGRADABLE SOLVENTS MARKET SIZE AND FORECAST

     

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    The Global Biodegradable Solvents Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    BIODEGRADABLE SOLVENTS MARKET NEW PRODUCT LAUNCH

     

    Rhodians IRIS, a biodegradable solvent, decreases environmental impact while providing effective and safe solutions in a wide range of industrial and agricultural applications.

     

    Solvay announces the release of Rhodians IRIS, a next generation solvent with exceptional eco-friendliness. Previously manufactured in China, this solvent will soon be manufactured in Solvay’s Melle plant in France .

     

    Rhodians IRIS is non-flammable, biodegradable, low volatile, and non-CMR (carcinogenic, mutagenic, and reprotoxic).

     

    It is employed in a variety of applications, including phytosanitary product formulation, paint peeling, graffiti and resin clean-up, industrial cleaning, and ago chemistry.

     

    Rhodians IRIS is in accordance with Solvay One Planet’s sustainability agenda, which notably strives to move the Group’s portfolio towards more sustainable solutions. Rhodians IRIS®, in example, permits the employment of an original

     

    BIODEGRADABLE SOLVENTS MARKET RECENT DEVELOPMENT

     

    The non-toxic, bio-based, and biodegradable solvent “Cyrene” has been developed by the biotechnology business Circa Group, which is headquartered in Australia.

     

    The European Chemicals Agency (ECHA) has granted Circa Group permission to produce or import up to 100 tones of Cyrene annually.

     

    “Cyrene” is a chiral dipolar aprotic solvent that was created in collaboration with the Green Chemistry Centre of Excellence (GCCE) at the University of York in the UK.

     

    At Circe’s large-scale prototype plant, waste biomass is converted in two steps to create Cyrene. The goal of solvent regulation is to manage the risk that dangerous compounds pose to humans, animals, and the environment.

     

    Due to its nephrotoxicity—adverse effects on sexual function and fertility in both males and females—common solvents including NMP, DMF, and DMAc are on the candidate list of Substances of Very High Concern (SVHC) in the EU.

     

    Moreover, a new restriction on NMP was established earlier this year; its usage will be much more constrained, and it won’t be allowed to be produced or used in the EU unless operational conditions are maintained to guarantee that worker exposure is below predetermined levels.

     

    There is an urgent need for safer solvents, and with Cyrene, they are also providing a bio-based solution with a distinctive feature set, including viscosity, surface tension, and polarity – making it an interesting new potential for advanced materials.

     

    An agreement was inked by GF Biochemicals and BASF regarding the distribution of laevulin acid-based biobased and biodegradable solvents for the European market. Laevulin acid can act as a flexible building block for substances made entirely from biomass, including chemicals and minerals.

     

    Levulinate solvents provide a sustainable alternative to solvents based on fossil fuel for a variety of applications due to their broad solvency power, low volatility, high safety profile, and biodegradability.

     

    In order to meet the substantial demand for greener, lower-emission products on the European market as well as to empower customers to make more environmentally conscious decisions during the development and procurement processes, both businesses want to make the most of their collective knowledge and experience in their respective industries.

     

    Customers will have access to resource-efficient solutions made from biomass from non-food crops through the collaboration, which will enable them to lower their carbon footprint and secure long-term sustainable competitive advantages.

     

    This is a significant step towards Europe taking the lead in the market for environmentally friendly chemicals.

     

    They are advancing the objective of eradicating chemical pollution and assisting businesses in preparing for a future based on biodegradable chemicals derived from biomass by collaborating with BTC Europe to add plant-based, biodegradable solvents to their extensive range of products.

     

    BIODEGRADABLE SOLVENTS MARKET COMPANY PROFILE

    • Eastman
    • Solvay S.A 
    • BASF
    • Sigma Aldrich
    • Taylor and Francis

     

    THIS BIODEGRADABLE SOLVENTS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Biodegradable Solvents are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Biodegradable Solvents and key vendor selection criteria
    3. Where are the Biodegradable Solvents manufactured? What is the average margin per unit?
    4. Market share of Global Biodegradable Solvents market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Biodegradable Solvents in-house
    6. 5 key predictions for next 5 years in Global Biodegradable Solvents market
    7. Average B-2-B Biodegradable Solvents  market price in all segments
    8. Latest trends in Biodegradable Solvents  market, by every market segment
    9. The market size (both volume and value) of the Biodegradable Solvents market in 2024-2030 and every year in between?
    10. Production breakup of Biodegradable Solvent market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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