Bio based solvents, an emerging grade of fluids is considered as a key technology to facilitate a greener manufacturing across industries. Developments in processes using bio based feed-stocks has resulted in solvents which can compete with traditional solvents in terms of performance with significant value adds such as zero toxicity, biodegradability and zero volatile organic compound emissions. A key contributing factor for its adoption can be attributed to enforcement of stringent regulations that necessitate the replacement of petroleum based solvents across the globe.
This research study focuses on evaluating bio-based solvents using six criteria, namely: market potential, IP, funding, application potential, breadth of industries impacted and its impact of mega trends, The disruptive potential of the technology across various industries have also been analyzed.