"Executive Summary Deep Eutectic Solvents Market Size and Share Analysis Report
CAGR Value
The global deep eutectic solvents market size was valued at USD 198.4 million in 2024 and is expected to reach USD 422.20 million by 2032, ****at a CAGR of 9.90% during the forecast period
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Deep Eutectic Solvents Market Insights:
The global deep eutectic solvents market is segmented based on type, application, and end-use industry. In terms of type, the market is categorized into choline chloride-based, amino acid-based, fatty acid-based, and others. The choline chloride-based segment is expected to witness significant growth due to its wide applications in various industries such as pharmaceuticals, cosmetics, and agrochemicals. Based on application, the market is segmented into solvents, catalysts, extraction agents, cosmetics, pharmaceuticals, and others. The solvents segment holds a major share in the market owing to the increasing demand for environmentally friendly solvents in different manufacturing processes. When it comes to the end-use industry, the market is divided into pharmaceutical, agrochemicals, food & beverages, industrial cleaning, and others. The pharmaceutical industry is anticipated to dominate the market due to the rising adoption of deep eutectic solvents in drug formulation and synthesis processes.