The global high purity solvent market is anticipated to grow at a significant CAGR during the forecast period. The growing usage of n-heptane solvent as a test fuel component in anti-knock engine testing is propelling the market for high purity solvents forward. The life sciences segment's increasing use of high purity solvents for the fabrication of lab consumables is a market driver for high purity solvents. The widespread use of high purity solvents has health risks, such as toxicity in reproductive and nervous systems, which may obstruct the growth of the global high purity solvents market.
The increasing use of high purity solvents in perfumes may present an opportunity for the global high purity solvents market. Manufacturers of high purity solvents may face a challenge in the advanced research and adoption of green and bio-based solvents. Many new developments are also being undertaken by companies globally, which is increasing the demand for high purity solvents. For instance, in April 2020, Evonik Industries AG introduce an innovative membrane reactor that may be used on an industrial scale. The growth aids in enhancing consumer interaction, as well as the company's goodwill and revenue in the market.
Market Coverage
o By Type
o By Application
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Key questions addressed by the report
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
Global High Purity Solvent Market by Segments
By Type
By Application
By Category
Global High Purity Solvent Market by Region
North America
Europe
Asia-Pacific
Rest of the World