Asia-Pacific Solvents Market to 2032
Overview
The Asia-Pacific Solvents Market is expected to reach a 17.64 USD Billion by 2032 and is projected to grow at a CAGR of 8.63% from 2025 to 2032.
Revenue, 2024 (USD Billion)
10.87
Forecast, 2032 (USD Billion)
17.64
CAGR, 2024 - 2032
8.63%
Report Coverage
Asia-Pacific
Asia-Pacific Solvents Market 2018-2032 USD Billion
Asia-Pacific Solvents Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 10.87 USD Billion
- Projected Market Size (2032): 17.64 USD Billion
- CAGR (2025-2032): 8.63%
Key Findings of Asia-Pacific Solvents Market
- The Asia-Pacific Solvents Market was valued at 10.87 USD Billion in 2024.
- The Asia-Pacific Solvents Market is likely to grow at a CAGR of 8.63% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Conventional in Source Segment accounted for the largest share of the market with a revenue of 8.20 USD Billion
- The fastest growing segment Paints and Coatings in Application Segment grew Fastest with a CAGR of 9.31% during the forecast period from 2024 to 2032.
Asia-Pacific Solvents Market Scope
Asia-Pacific Solvents Market Segmentation & Scope
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
Source
- Bio-Based
- Conventional
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Asia-Pacific Solvents Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 10.87 USD Billion |
| Market Value in 2032 | 17.64 USD Billion |
| CAGR (2025-2032) | 8.63% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Application,Source,Category |
Regional Insights:
-
Leading Market (2024-2032): Asia-Pacific, leading in terms of revenue 10.87 USD Billion in 2024
- Key Country: China, leading in terms of revenue with value of 2,609.68 USD Million in 2024.
Segments and Scope
-
Asia-Pacific Solvents Market to 2032, By Application
- Paints and Coatings is the largest segment in Asia-Pacific Solvents Market to 2032 with a revenue of 4.90 USD Billion in the year 2024.
- Paints and Coatings is the Fastest growing segment in Asia-Pacific Solvents Market to 2032 with a Growth rate of 9.31 % in forecast period 2025-2032.
-
Asia-Pacific Solvents Market to 2032, By Source
- Conventional is the largest segment in Asia-Pacific Solvents Market to 2032 with a revenue of 8.20 USD Billion in the year 2024.
- Bio-Based is the Fastest growing segment in Asia-Pacific Solvents Market to 2032 with a Growth rate of 8.57 % in forecast period 2025-2032.
-
Asia-Pacific Solvents Market to 2032, By Category
- Oxygenated Solvents is the largest segment in Asia-Pacific Solvents Market to 2032 with a revenue of 7.18 USD Billion in the year 2024.
- Oxygenated Solvents is the Fastest growing segment in Asia-Pacific Solvents Market to 2032 with a Growth rate of 8.82 % in forecast period 2025-2032.
Asia-Pacific Solvents Market Company Share Analysis
| Company Name |
|
||
| BP p.l.c. | |||
| Celanese Corporation | |||
| ADM | |||
| Eastman Chemical Company or its subsidiaries | |||
| Shell | |||
Asia-Pacific Solvents Market Geographical Sales Distribution, 2018-2032 USD Billion
Asia-Pacific Solvents Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Asia-Pacific Solvents Market is segmented based on Segmentation Application,Source,Category.
Asia-Pacific Solvents Market was valued at USD 10.87(Revenue in USD Billion) in 2021.
Asia-Pacific Solvents Market is projected to grow at a CAGR of 8.63% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Asia-Pacific Solvents Market, holding a largest market share of 8.20 USD Billion in 2024
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Asia-Pacific Solvents Market Scope
Asia-Pacific Solvents Market Segmentation & Scope
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
Source
- Bio-Based
- Conventional
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Frequently Asked Questions
The Asia-Pacific Solvents Market is segmented based on Segmentation Application,Source,Category.
Asia-Pacific Solvents Market was valued at USD 10.87(Revenue in USD Billion) in 2021.
Asia-Pacific Solvents Market is projected to grow at a CAGR of 8.63% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Solvents Market for final year is USD 17.64 (USD Billion).
Asia-Pacific Solvents Market Company Profiling
Frequently Asked Questions
The Asia-Pacific Solvents Market is segmented based on Segmentation Application,Source,Category.
Asia-Pacific Solvents Market was valued at USD 10.87(Revenue in USD Billion) in 2021.
Asia-Pacific Solvents Market is projected to grow at a CAGR of 8.63% during the forecast period of 2024 to 2032.
The estimated market value of the Asia-Pacific Solvents Market for final year is USD 17.64 (USD Billion).
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