One of the important links in the manufacturing process is the solvents. Whether it is printing ink, paints & coatings, adhesives, pharmaceuticals, cosmetics to name a few, solvents have become an invaluable part of the process. Demand for better quality has been constantly pushing the envelope for solvents to evolve. Moreover, rising environmental concerns are also accelerating demand for use of bio & green solvents. This demand is further fueled by the uncertainty of crude oil prices and with consumers trying to reduce the dependency on non-renewable resources such as crude oil, coal and natural gas. Manufacturers are stepping up the ante to change the entire equation of solvent manufacturing.
Moreover, according to market reports, the global green and bio-based solvents market is expected to expand at a 7.2 percent CAGR to be valued at $8.05 billion by 2023. And to know more about the evolving trends in solvents, glance at our ‘Sector View.’
On a separate note, the rising environmental concerns are even driving the dynamics of the automotive industry. More and more auto manufacturers are looking to manufacture lightweight, fuel efficient vehicles. Several global regulations are also becoming stringent to keep a check on the environment.
Corporate Average Fuel Economy (CAFE) in the US requires manufacturers to improve the cars’ miles per gallon (MPG) from 25 MPG to 35.5 MPG. The European automotive industry is under pressure to achieve fuel economy requirement of 5 L/100 km.
In such a scenario, the trend among OEMs is to miniaturise their products or use lighter materials to bring down the overall weight of the automobiles – As every single ounce counts! Manufacturers are exploring the opportunities that silicones has to offer. They are increasingly replacing metal parts with silicones to make vehicles lighter, faster yet sturdier for the future. Know all about it as we focus on ‘Silicones used in the Auto Industry,’ in our Feature section.
As the Diwali celebrations continue, we wish our readers Happy Festivities, Good Times and a Prosperous Year Ahead from the Chemical Today team. May the coming months bring in hope and enthusiasm!
Read More: Creating an eco-friendly equation
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