One of the major components that are used in chemicals industries are different types of solvents. These solvents are essential for various processes in chemical industries; however, their chemical composition often cause health related problems, cost issues, and safety issues. Furthermore, a number of policies are being implemented by governments of several countries these days, mandating the use of solvents that does not cause harm to human health or are non-toxic in nature. These factors are compelling manufacturers to come up with alternate solutions that don’t have negative impacts on the environment.  

The different types of green solvents are hydrocarbon, ether, dipolar aprotic, alcohol, and ester, out of which, the demand for ester has been significant in the past. This can be attributed to their extensive applications, easy access to solvents based on this compound, and their relatively lower prices. The major applications of all these solvent types are printing inks, adhesives, paints & coatings, and industrial & domestic cleaners. A significant demand for green solvents is projected to be created for the paints & coatings application in the years to come. 

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This is primarily due to the surging concerns over the environment and growing demand for eco-friendly products by consumers. In addition to all this, companies are increasingly focusing towards the development of zero or low-VOC products, which is further expected to drive the demand for green solvents in the coming years. Geographically, North America is predicted to emerge as a major green solvents market in the near future, owing to strict government regulations in regard to emission levels and increasing government funding for environmental-friendly chemicals. Moreover, the presence of a large number of companies that need solvents for producing end-use products is also driving the market.  

In conclusion, the demand for green solvents is expected to rise due to the need for reducing pollution and harmful emission of chemicals and strict government regulations mandating the use of safe chemicals.