The global demand for Industrial Solvents Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
The solvent is a substance that dissolves solutes to form a solution. Industrial solvents are mainly in liquid form, but they can also be available in gaseous and solid forms. The primary purpose of a solvent is to convert the given substance into a suitable form depending on the application. Solvents can be reused, discarded, and recycled. Industrial solvents are helpful in the preparation of different products or the production of chemicals. It finds many applications in chemical, oil & gas industries, pharmaceuticals and others.
Market Dynamics
The growing demand for industrial solvents in many processes in cosmetics, printing ink, paint and coating, pharmaceutical sectors are anticipated to bolster the market during the forecast period. In addition, rising R&D activity related to industrial solvents is further projected to increase market growth due to discovering new varieties of industrial solvents with excellent properties. Growing demand for cosmetic products across the globe is the primary factor that drives the market growth. Rapid industrialization in the developing regions is another growth-inducing factor. However, health risks related to industrial solvents consist of eye irritation, nausea, and drowsiness can act as an impeded to the market's growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of industrial solvents. The growth and trends of Industrial Solvents Industry provide a holistic approach to this study.
Market Segmentation
This section of the industrial solvents market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Chemistry
- Alcohols
- Glycols
- Ketones
- Esters
- Ethers
- Acids
- Aromatics
- Hydrocarbons
- Others
By End-User Industries
- Printing Ink
- Paints And Coatings
- Cosmetics
- Adhesives
- Pharmaceutical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Industrial Solvents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Industrial Solvents Market Share by Region (Representative Graph)
Know more about this report: Download free sample
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the industrial solvents market include Arkema Inc., BASF SE, BP PLC., Diacel Chemical Industries Ltd., Exxon Mobil Corporation, Lyondell Basell Industries, Royal Dutch Shell Plc., PetroleoBrasileiroS.A, Dow Chemical and Total S.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.