De-Aromatic Solvents Market, By Type (Aliphatic Solvents, Cycloaliphatic Solvents, and Other Types), By Application (Paints and Coatings, Adhesives, Cleaning Agents, Printing Inks, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI3577

Pages :120

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Key Developments

In 2023, Clariter and TotalEnergies Fluids unveiled a groundbreaking achievement: the production of the world's first ultra-pure solvents derived from plastic waste. This innovative collaboration marks a significant milestone in sustainable chemistry, showcasing the potential to transform plastic waste into high-quality solvents. By leveraging advanced technologies, the partnership aims to address environmental challenges while contributing to a circular economy.
In August 2023, BASF SE, a global leader in the chemical industry known for its commitment to innovation and sustainability, collaborated with a startup to develop bio-based de-aromatic solvents. This partnership aims to leverage the startup's innovative technologies alongside BASF SE's extensive expertise in chemical production to create sustainable solvent solutions for various applications. The development of these bio-based solvents is significant as they are designed to be less harmful to human health and the environment, aligning with global regulations aimed at reducing volatile organic compounds (VOCs) and promoting safer chemical alternatives. This initiative reflects BASF SE's dedication to advancing sustainable practices while meeting the growing demand for eco-friendly products in the market.
In 2022, Solvay announced the launch of Rhodiasolv IRIS, a new generation solvent featuring outstanding eco-friendly properties. Previously produced in China, the manufacturing of this innovative solvent will transition to Solvay's Melle site in France starting in 2023. This move underscores Solvay's commitment to sustainability and local production, enhancing its ability to meet the growing demand for environmentally responsible solvents.
In February 2021, Eastman Chemical Company announced the acquisition of a specialty chemical firm to bolster its range of sustainable solvents. This strategic move aims to expand Eastman's offerings in environmentally friendly solutions, aligning with the growing demand for sustainable products in various industries. By integrating the expertise of the acquired firm, Eastman seeks to enhance its capabilities in the specialty chemicals market and support its commitment to sustainability.