Solvents derived from biomass are referred to as green & bio-solvent. Green & bio-solvents are derived from the processing of bio-diesel, plant, or natural products as a more environmentally-friendly alternative to petrochemical solvents. Solvents are liquids that possess the ability to dissolve, dilute or extract other substances without modifying the chemical composition of the extracted substances or of the solvent itself.
Industrial & Domestic Cleaners is the largest application of the Green & Bio-Solvents Market. North America was the largest market for green & bio-solvents in 2020, in terms of both volume and value. Factors such as growing demand from pharmaceuticals industry, rapid industrialization in growing economies like China, India & Thailand and increasing stringent regulations will drive the Green & Bio-Solvents Market.