Global Biosolvents Market Outlook to 2027 – Rising Environmental Regulations by Key Authorities in Several Countries Drive Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Global Biosolvents Market by Type, Application and Region: Competition Forecast and Opportunities to 2027” has been added to from ResearchAndMarkets.com offer.

The global biosolvents market is expected to witness a significant CAGR during the forecast period 2023-2027.

Companies cited

  • Archer Daniels Midland Company

  • BASF SE

  • Solvay S.A.

  • CREMER OLEO GmbH & Co. KG

  • Vertec Biosolvents Inc.

  • Cargill, Inc.

  • Stephan Company

  • Corbion S.A.

  • Dow Inc.

  • GF Biochemicals Limited

Rising environmental regulations imposed by major authorities in several countries, especially in Europe and North America, along with increased supply and availability of biosolvents in the market are the major drivers for the growth of the global biosolvents market. biosolvents.

Moreover, increasing research and development activities for new solutions and fluctuating oil prices may create many growth opportunities for the global biosolvents market over the next five years.

Favorable government policies drive the growth of the market

The high use of chemicals in all countries and growing environmental awareness has led major authorities to impose a number of regulations on the technologies used in the manufacture of paints and coatings. Synthetic solvents are a major ingredient in the manufacture of paints and they pose a serious health risk to employees. These can harm an individual’s health by irritating the skin, eyes and nose.

In addition, conventional solvents release volatile organic compounds that are harmful to the environment. Leading authorities closely monitor waste disposal and environmental emissions and impose strict regulations to limit the use of synthetic solvents. Regulations such as the Agricultural Safety and Rural Investment Act of Public Law 107-171 and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) have required manufacturers to use biobased materials for the manufacturing process.

Additionally, to protect employees, market participants should provide protective gear, goggles, safety gloves, protective clothing, and full-face respirators to reduce exposure from the use of synthetic solvents. The harmful threats posed by the use of synthetic solvents are expected to propel the growth of the global biosolvents market in the coming years.

Extensive research and development activities support the growth of the market

Conventional solvents used in personal care products and other manufacturing processes can cause serious health problems such as eye irritation, skin irritation, sore throats, hormonal disruptions, asthma and allergic contact dermatitis, among others.

Additionally, the use of synthetic solvents in pharmaceutical applications can be toxic and carcinogenic. The launch of environment-friendly solvents owing to the growing awareness about the negative effects of synthetic solvents is expected to influence the market growth in the coming years. Archer Daniels Midland Company acquired Florida Chemical Company (FCC), a division of Flotek Industries in November 2019 and Simialry, DuPont Tate & Lyle Bio Products, Corbion, INOLEX and ACT Solutions are joining forces to produce a range of personal care formulations with 100% biobased content.

Market players are forming alliances and partnerships to support the growth of the global biosolvents market. Market players are making major sums for research and development activities to manufacture cost-effective and quality biosolvents that are not harmful to the environment and are expected to fuel the growth of the global biosolvents market over the next five years, 2023-2027.

Report scope

In this report, the global biosolvents market has been segmented into the following categories, in addition to industry trends which have also been detailed below:

Biosolvents Market, By Type:

  • Alcohols

  • Diols & Glycols

  • esters

  • Others

Biosolvents Market, By Application:

  • Industrial and household cleaners

  • Paints and coatings

  • Adhesives and sealants

  • Printing inks

  • Others

Biosolvents Market, By Region:

  • North America

  • Europe

  • Asia Pacific

  • South America

  • Middle East and Africa

For more information on this report visit https://www.researchandmarkets.com/r/xk2ld8

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