Green Solvents: Revolutionizing Industries, Shaping a Sustainable Future [Yahoo! Finance]
BASF SE S/ADR (BASFY)
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Source: Yahoo! Finance
These solvents are used in various industries, such as paints, cosmetics, and cleaning products, to reduce environmental impact. The market for these green solvents is growing because they help lower pollution and dependence on fossil fuels. BOSTON Nov. 12, 2024 /PRNewswire/ -- "According to the latest study from BCC Research, Green Solvents: Technologies, Emerging Opportunities and Markets , the demand for green solvents reached $4.5 billion in 2023 and is expected to grow from $4.9 billion in 2024 to $7.7 billion by 2029, at a compound annual growth rate (CAGR) of 9.3% from 2024 through 2029." This report examines the global market for green solvents by dividing it into segments based on material, application, and region. The analysis covers data from 2023 and provides market estimates from 2024 to 2029, measuring both volume (in kilo tons) and revenue (in millions of dollars). Materials include bio-based alcohols, D-limonene, fatty acid methyl esters (FAME), and lactate esters,
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