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 28.6 BN (by revenue) in 2018 and is anticipated to reach USD 37.6 BN by 2025 with a CAGR of 4%. By volume, the market was estimated XXX KT in 2018 and is expected to reach XXX KT by 2025 with a CAGR of X.X%.
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.
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.
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.
- Cleaning Products
- Paints & Coatings
- Printing Inks
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.
Europe Solvents Market By Revenue (USD MN)
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.
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.
2. EXECUTIVE SUMMARY
- Introduction To Solvents
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Solvents Market: Snapshot
4. SOLVENTS MARKET ANALYSIS BY PRODUCT
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. SOLVENTS MARKET ANALYSIS BY APPLICATION
- Market In Alcohols
- Market In Hydrocarbons
- Market In Ketones
- Market In Esters
- Market In Chlorinated
- Market In Others
6. SOLVENTS MARKET ANALYSIS BY GEOGRAPHY
- Market In Cleaning Products
- Market In Paints & Coatings
- Market In Printing Inks
- Market In Pharmaceuticals
- Market In Adhesives
- Market In Cosmetics
- Market In Others
7. COMPETITIVE LANDSCAPE OF THE SOLVENTS COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
8. COMPANY PROFILES OF THE SOLVENTS INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- 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
- Solvay Chemicals
Table 1. Market Highlights Of Solvents
Table 2. Global Solvents Market By Product
Table 3. Global Solvents Market By Application
Table 4. Global Solvents Market By Geography
Table 5. North America Solvents Market
Table 6. Europe Solvents Market
Table 7. Asia Pacific Solvents Market
Table 8. Latin America Solvents Market
Table 9. Middle East And Africa Solvents Market
Table 10. Partnership/Collaboration/Agreements
Table 11. Mergers And Acquisitions
Table 12. New Product Development
Table 13. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Solvents Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Solvents
Fig. 5. Porter’s Five Forces Analysis
Fig. 6. Value Chain Analysis
Fig. 7. Global Solvents Market By Product
Fig. 8. Global Solvents Market By Application
Fig. 9. Global Solvents Market By Geography
Fig. 10. North America Solvents Market
Fig. 11. Europe Solvents Market
Fig. 12. Asia Pacific Solvents Market
Fig. 13. Latin America Solvents Market
Fig. 14. Middle East And Africa Solvents Market
Fig. 15. Market Share Of Solvents Companies
Fig. 16. Recent Developments In Solvents Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.