The Global Hydrocarbon Solvents Market is expected to grow at a compound annual growth rate of 4.20% in the forecast period of 2021 to 2028 and is likely to reach USD 13.20 billion by 2028. The rise in demand for hydrocarbon solvents from pharmaceutical manufacturers is a significant factor driving the market growth rate.
Likewise, the high investment by major players for technological advancements and increase in the R&D activities and innovative product offerings will produce lucrative opportunities for the growth of the hydrocarbon solvents market.
According to Data Bridge Market Research the market for hydrocarbon solvents is expected to gain growth because of the increase in the adoption of insecticides, aromatic solvents in pesticides, printing inks and agricultural chemicals. Also the rise in construction and reconstruction activities across the world and increase in the concerns with regard to environmental protection policies are also expected to fuel the demand of the hydrocarbon solvents market over the forecast period of 2021 to 2028. Whereas, the various side effects coupled with the hydrocarbon solvents on human health is expected to hinder the growth of the hydrocarbon solvents market in the aforementioned forecast period.
Now the question is which are the other regions that hydrocarbon solvents market is targeting? Data Bridge Market Research has estimated large growth in the Asia-Pacific due to rise in the demand from manufacturers of pesticides and agriculture chemical.
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Hydrocarbon solvents market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of hydrocarbon solvents companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-hydrocarbon-solvents-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Hydrocarbon Solvents Market – Industry Trends and Forecast to 2028