Market Research Report

Global Solvents Market Report By Product (Alcohols, Hydrocarbons, Ketones, Esters, Chlorinated, and Others), Application (Cleaning Products, Paints & Coatings, Printing Inks, Pharmaceuticals, Adhesives, Cosmetics, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

ID:VMR11210266
April 2021
Report Formats: Electronic (PDF), MS EXCEL

Upscaling demand of solvents from paints, coating, printing inks, dyes, metal finishing, pharmaceutical, adhesives, and other end-use sectors is driving the market growth. Rising environmental concerns leading to stringent regulation on the emission of VOC compounds is generating high demand for biobased solvents. In addition to this, Low production cost, cost-effective and eco-friendly alternative is further gaining demand for green solvents. 

The latest report by Value Market Research expects the Global Solvent Market to reach USD 37.6 billion by 2025. It was valued USD 28.6 billion in 2018. The report foresees a 4% CAGR from 2019 to 2025.
 
ALCOHOL DOMINATED THE PRODUCT SEGMENT
On the basis of product, alcohol emerged as the leading product in 2018. Upsurging demand of various alcohols and their derivatives in a diverse area of application such as in chemical, paints and coating, pharmaceutical, manufacturing, and many more industries are driving the segment growth.
 
PAINTS AND COATINGS HAS LED THE APPLICATION SEGMENT
By application, paints and coatings dominated the segment in 2018. Expanding the printing industry along with growing global demand of varnishes, dyes, inks, metal finishing is generated high demand for solvents. Rising usage of paints & coating from architectural, construction, automotive and other end-use industries is boosting the market growth.
 
ASIA PACIFIC ACCOUNTED FOR MAJOR MARKET SHARE
Geographically, Asia Pacific held the highest market share and has dominated the market in 2018. Ongoing construction and refurbishment activities of residential and commercial infrastructure are driving the regional market. Extensive usage of paint & coating in construction activities has contributed immensely to the growth of the solvent market.
 
KEY PLAYERS OF THE MARKET
Major players of the solvent market are Ashland Inc., BASF SE, Celanese Corporation, Dow Chemical Company, Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., Ineos A.G., Maruzen Petrochemical, Sasol Solvents, Shell Chemical, and Solvay Chemicals.
 

As per this study the Global Solvents Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of X%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
 
Solvents refer to a class of chemical compounds which are used to dissolve or suspend the other materials. Perhaps, water is the most common solvent used in everyday life and some of the solvents are also organic compounds, such as benzene, tetrachloroethylene, or turpentine. Solvents composed of polar molecules, like water, and dissolve other polar molecules, such as table salt, while nonpolar solvents, such as gasoline, dissolve nonpolar substances such as wax. The degree that a solvent dissolves in a given solute is referred to as its solubility. For example, Ethyl alcohol is highly soluble in water and Vinegar is very insoluble in oil.
 
Market Dynamics
 
Developing automotive and construction sectors all over the world are the major reasons anticipated to drive the demand for solvents across paints and coatings application. Apart from this, growth in consumer-oriented markets such as cleaning products, cosmetics, and toiletries will also stimulate demand for “green” solvents, such as butanediol derivatives, terpenes, and alcohols. Further, commencement of green & bio-solvents and ongoing research and development are likely to offer new opportunities for the growth of the global solvents market in the years to come.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of solvents.
 
Market Segmentation
 
The broad solvents market has been sub-grouped into product and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product
  • Alcohols
  • Hydrocarbons
  • Ketones
  • Esters
  • Chlorinated
  • Others
 
By Application
  • Cleaning Products
  • Paints & Coatings
  • Printing Inks
  • Pharmaceuticals
  • Adhesives
  • Cosmetics
  • Others
 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for solvents in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Solvents Market Share by Region (Representative Graph)
 
Global Solvents Market Share
 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the solvents market includes Ashland Inc., BASF SE, Celanese Corporation, Dow Chemical Company, Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., Ineos A.G., Maruzen Petrochemical, Sasol Solvents, Shell Chemical, and Solvay Chemicals. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . SOLVENTS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 Market Attractiveness Analysis By Product
           3.7.2 Market Attractiveness Analysis By Application
           3.7.3 Market Attractiveness Analysis By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL SOLVENTS MARKET ANALYSIS BY PRODUCT
       6.1 Overview by Product
       6.2 Historical and Forecast Data
       6.3 Analysis by Product
       6.4 Alcohols Historic and Forecast Sales by Regions
       6.6 Hydrocarbons Historic and Forecast Sales by Regions
       6.5 Ketones Historic and Forecast Sales by Regions
       6.7 Esters Historic and Forecast Sales by Regions
       6.8 Chlorinated Historic and Forecast Sales by Regions
       6.9 Others Historic and Forecast Sales by Regions
 
7 . GLOBAL SOLVENTS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Cleaning Products Historic and Forecast Sales by Regions
       7.5 Paints & Coatings Historic and Forecast Sales by Regions
       7.6 Printing Inks Historic and Forecast Sales by Regions
       7.7 Pharmaceuticals Historic and Forecast Sales by Regions
       7.8 Adhesives Historic and Forecast Sales by Regions
       7.9 Cosmetics Historic and Forecast Sales by Regions
       7.10. Others Historic and Forecast Sales by Regions
 
8 . GLOBAL SOLVENTS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America Sales Analysis
           8.3.1. Overview, Historic and Forecast Data  Sales Analysis
           8.3.2. North America By Segment Sales Analysis
           8.3.3. North America By Country Sales Analysis
           8.3.4. United State Sales Analysis
           8.3.5. Canada Sales Analysis
           8.3.6. Mexico Sales Analysis
       8.4. Europe Sales Analysis
           8.4.1. Overview, Historic and Forecast Data  Sales Analysis
           8.4.2. Europe by Segment Sales Analysis
           8.4.3. Europe by Country Sales Analysis
           8.4.4. United Kingdom Sales Analysis
           8.4.5. France Sales Analysis
           8.4.6. Germany Sales Analysis
           8.4.7. Italy Sales Analysis
           8.4.8. Russia Sales Analysis
           8.4.9. Rest Of Europe Sales Analysis
       8.5. Asia Pacific Sales Analysis
           8.5.1. Overview, Historic and Forecast Data  Sales Analysis
           8.5.2. Asia Pacific by Segment Sales Analysis
           8.5.3. Asia Pacific by Country Sales Analysis
           8.5.4. China Sales Analysis
           8.5.5. India Sales Analysis
           8.5.6. Japan Sales Analysis
           8.5.7. South Korea Sales Analysis
           8.5.8. Australia Sales Analysis
           8.5.9. Rest Of Asia Pacific Sales Analysis
       8.6. Latin America Sales Analysis
           8.6.1. Overview, Historic and Forecast Data  Sales Analysis
           8.6.2. Latin America by Segment Sales Analysis
           8.6.3. Latin America by Country Sales Analysis
           8.6.4. Brazil Sales Analysis
           8.6.5. Argentina Sales Analysis
           8.6.6. Peru Sales Analysis
           8.6.7. Chile Sales Analysis
           8.6.8. Rest of Latin America Sales Analysis
       8.7. Middle East & Africa Sales Analysis
           8.7.1. Overview, Historic and Forecast Data  Sales Analysis
           8.7.2. Middle East & Africa by Segment Sales Analysis
           8.7.3. Middle East & Africa by Country Sales Analysis
           8.7.4. Saudi Arabia Sales Analysis
           8.7.5. UAE Sales Analysis
           8.7.6. Israel Sales Analysis
           8.7.7. South Africa Sales Analysis
           8.7.8. Rest Of Middle East And Africa Sales Analysis
 
9 . COMPETITIVE LANDSCAPE OF THE SOLVENTS COMPANIES
       9.1. Solvents Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
 
10 . COMPANY PROFILES OF SOLVENTS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Ashland Inc.
           10.3.1. Company Overview
           10.3.2. Company Revenue
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. BASF SE
           10.4.1. Company Overview
           10.4.2. Company Revenue
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. Celanese Corporation
           10.5.1. Company Overview
           10.5.2. Company Revenue
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. Dow Chemical Company
           10.6.1. Company Overview
           10.6.2. Company Revenue
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Eastman Chemical Company
           10.7.1. Company Overview
           10.7.2. Company Revenue
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Exxon Mobil Corporation
           10.8.1. Company Overview
           10.8.2. Company Revenue
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Honeywell International Inc.
           10.9.1. Company Overview
           10.9.2. Company Revenue
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Ineos A.G.
           10.10.1. Company Overview
           10.10.2. Company Revenue
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Maruzen Petrochemical
           10.11.1. Company Overview
           10.11.2. Company Revenue
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Sasol Solvents
           10.12.1. Company Overview
           10.12.2. Company Revenue
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Shell Chemical
           10.13.1. Company Overview
           10.13.2. Company Revenue
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Solvay Chemicals
           10.14.1. Company Overview
           10.14.2. Company Revenue
           10.14.3. Products
           10.14.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Product (Kilo Tons and USD MN)
  •  Alcohols Market Sales by Geography (Kilo Tons and USD MN)
  •  Hydrocarbons Market Sales by Geography (Kilo Tons and USD MN)
  •  Ketones Market Sales by Geography (Kilo Tons and USD MN)
  •  Esters Market Sales by Geography (Kilo Tons and USD MN)
  •  Chlorinated Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Analysis Market by Application (Kilo Tons and USD MN)
  •  Cleaning Products Market Sales by Geography (Kilo Tons and USD MN)
  •  Paints & Coatings Market Sales by Geography (Kilo Tons and USD MN)
  •  Printing Inks Market Sales by Geography (Kilo Tons and USD MN)
  •  Pharmaceuticals Market Sales by Geography (Kilo Tons and USD MN)
  •  Adhesives Market Sales by Geography (Kilo Tons and USD MN)
  •  Cosmetics Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Solvents Market Sales by Geography (Kilo Tons and USD MN)
  •  North America Market Analysis (Kilo Tons and USD MN)
  •  United State Market Analysis (Kilo Tons and USD MN)
  •  Canada Market Analysis (Kilo Tons and USD MN)
  •  Mexico Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Analysis (Kilo Tons and USD MN)
  •  Europe Market Estimate by Country (Kilo Tons and USD MN)
  •  United Kingdom Market Analysis (Kilo Tons and USD MN)
  •  France Market Analysis (Kilo Tons and USD MN)
  •  Germany Market Analysis (Kilo Tons and USD MN)
  •  Italy Market Analysis (Kilo Tons and USD MN)
  •  Russia Market Analysis (Kilo Tons and USD MN)
  •  Spain Market Analysis (Kilo Tons and USD MN)
  •  Rest of Europe Market Analysis (Kilo Tons and USD MN)
  •  Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  China Market Analysis (Kilo Tons and USD MN)
  •  Japan Market Analysis (Kilo Tons and USD MN)
  •  India Market Analysis (Kilo Tons and USD MN)
  •  South Korea Market Analysis (Kilo Tons and USD MN)
  •  Australia Market Analysis (Kilo Tons and USD MN)
  •  Rest of Asia Pacific Market Analysis (Kilo Tons and USD MN)
  •  Latin America Market Analysis (Kilo Tons and USD MN)
  •  Brazil Market Analysis (Kilo Tons and USD MN)
  •  Argentina Market Analysis (Kilo Tons and USD MN)
  •  Peru Market Analysis (Kilo Tons and USD MN)
  •  Chile Market Analysis (Kilo Tons and USD MN)
  •  Rest of Latin America Market Analysis (Kilo Tons and USD MN)
  •  Middle East & Africa Market Analysis (Kilo Tons and USD MN)
  •  Saudi Arabia Market Analysis (Kilo Tons and USD MN)
  •  UAE Market Analysis (Kilo Tons and USD MN)
  •  Israel Market Analysis (Kilo Tons and USD MN)
  •  South Africa Market Analysis (Kilo Tons and USD MN)
  •  Rest of Middle East and Africa Market Analysis (Kilo Tons and USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 
 LIST OF FIGURES
 
  •  Research Scope of Solvents Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Solvents Market Size, by Region (Kilo Tons and USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Product
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Product (Kilo Ton and USD MN)
  •  Alcohols Market Sales by Geography (Kilo Tons and USD MN)
  •  Hydrocarbons Market Sales by Geography (Kilo Tons and USD MN)
  •  Ketones Market Sales by Geography (Kilo Tons and USD MN)
  •  Esters Market Sales by Geography (Kilo Tons and USD MN)
  •  Chlorinated Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Market Analysis by Application (Kilo Tons and USD MN)
  •  Cleaning Products Market Sales by Geography (Kilo Tons and USD MN)
  •  Paints & Coatings Market Sales by Geography (Kilo Tons and USD MN)
  •  Printing Inks Market Sales by Geography (Kilo Tons and USD MN)
  •  Pharmaceuticals Market Sales by Geography (Kilo Tons and USD MN)
  •  Adhesives Market Sales by Geography (Kilo Tons and USD MN)
  •  Cosmetics Market Sales by Geography (Kilo Tons and USD MN)
  •  Others Market Sales by Geography (Kilo Tons and USD MN)
  •  Global Market Sales (Kilo Tons and USD MN)
  •  North America Market Sales (Kilo Tons and USD MN)
  •  Europe Market Sales (Kilo Tons and USD MN)
  •  Asia Pacific Market Sales (Kilo Tons and USD MN)
  •  Latin America Market Sales (Kilo Tons and USD MN)
  •  Middle East & Africa Market Sales (Kilo Tons and USD MN)
  •  Recent Development in Industry
  •  Top 10 Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze competitive developments

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