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Demand for traditional solvents declines in developed countries, but increasing in developing economies such as China
Driven by increasing environmental and regulatory pressures, and concerns over toxicity to humans, the global solvents market continues to undergo significant changes as demand for “greener” solvents has increased in developed countries during the last 15 years, while demand for traditional solvents (outside of China) continues to decline, according to a new IHS Chemical (NYSE: IHS) global market research report.
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