Rapid Expansion of Construction Sector in Emerging Countries to Boost Solvents Market Size
The global solvent market is expected to record a CAGR of 6.72% while procuring a market value of USD 69.21 Billion by 2030, estimates Market Research Future (MRFR). The increasing demand for solvents from personal care products, home care, and agricultural chemicals applications is anticipated to play a significant role in developing the market during the forecast period. Rapid industrialization and urbanization are anticipated to be key driving factors making a notable contribution in developing the industry during the forecast period. The expansion of the automotive and construction sectors are other salient sectors that can augment the market size during the forecast period. The increasing demand for organic solvent in various end-user sectors is predicted to offer various lucrative opportunities in the coming time. Various players are focusing on the development of bio-based solvents that are environmentally friendly. In order to achieve sustainability, players are collabora...