Global Solvents Market to 2032
Overview
The Global Solvents Market is expected to reach a 47.43 USD Billion by 2032 and is projected to grow at a CAGR of 5.48% from 2025 to 2032.
Revenue, 2024 (USD Billion)
31.54
Forecast, 2032 (USD Billion)
47.43
CAGR, 2024 - 2032
5.48%
Report Coverage
Global
Global Solvents Market 2018-2032 USD Billion
Global Solvents Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 31.54 USD Billion
- Projected Market Size (2032): 47.43 USD Billion
- CAGR (2025-2032): 5.48%
Key Findings of Global Solvents Market
- The Global Solvents Market was valued at 47.43 USD Billion in 2024.
- The Global Solvents Market is likely to grow at a CAGR of 5.48% 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 23.80 USD Billion
- The fastest growing segment Paints and Coatings in Application Segment grew Fastest with a CAGR of 6.01% during the forecast period from 2024 to 2032.
Global Solvents Market Scope
Global Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Oxygenated Solvents
- Hydrocarbon Solvents
Source
- Conventional
- Bio-Based
Application
- Pharmaceuticals
- Adhesives
- Printing Inks
- Personal Care
- Polymer Manufacturing
- Agricultural Chemicals
- Metal Cleaning
- Others
- Paints and Coatings
Global Solvents Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 31.54 USD Billion |
| Market Value in 2032 | 47.43 USD Billion |
| CAGR (2025-2032) | 5.48% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Category,Source,Application |
Regional Insights:
-
Leading Market (2024-2032): Global, leading in terms of revenue 31.54 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 7,779.15 USD Million in 2024.
Segments and Scope
-
Global Solvents Market to 2032, By Category
- Oxygenated Solvents is the largest segment in Global Solvents Market to 2032 with a revenue of 20.85 USD Billion in the year 2024.
- Oxygenated Solvents is the Fastest growing segment in Global Solvents Market to 2032 with a Growth rate of 5.62 % in forecast period 2025-2032.
-
Global Solvents Market to 2032, By Source
- Conventional is the largest segment in Global Solvents Market to 2032 with a revenue of 23.80 USD Billion in the year 2024.
- Bio-Based is the Fastest growing segment in Global Solvents Market to 2032 with a Growth rate of 5.43 % in forecast period 2025-2032.
-
Global Solvents Market to 2032, By Application
- Paints and Coatings is the largest segment in Global Solvents Market to 2032 with a revenue of 13.98 USD Billion in the year 2024.
- Paints and Coatings is the Fastest growing segment in Global Solvents Market to 2032 with a Growth rate of 6.01 % in forecast period 2025-2032.
Global Solvents Market Company Share Analysis
| Company Name |
|
||
| BP p.l.c. | |||
| Celanese Corporation | |||
| ADM | |||
| Eastman Chemical Company or its subsidiaries | |||
| Shell | |||
Global Solvents Market Geographical Sales Distribution, 2018-2032 USD Billion
Global Solvents Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Global Solvents Market is segmented based on Segmentation Category,Source,Application.
Global Solvents Market was valued at USD 31.54(Revenue in USD Billion) in 2021.
Global Solvents Market is projected to grow at a CAGR of 5.48% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Global Solvents Market, holding a largest market share of 23.80 USD Billion in 2024
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Global Solvents Market Scope
Global Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Oxygenated Solvents
- Hydrocarbon Solvents
Source
- Conventional
- Bio-Based
Application
- Pharmaceuticals
- Adhesives
- Printing Inks
- Personal Care
- Polymer Manufacturing
- Agricultural Chemicals
- Metal Cleaning
- Others
- Paints and Coatings
Frequently Asked Questions
The Global Solvents Market is segmented based on Segmentation Category,Source,Application.
Global Solvents Market was valued at USD 31.54(Revenue in USD Billion) in 2021.
Global Solvents Market is projected to grow at a CAGR of 5.48% during the forecast period of 2024 to 2032.
The estimated market value of the Global Solvents Market for final year is USD 47.43 (USD Billion).
Global Solvents Market Company Profiling
Frequently Asked Questions
The Global Solvents Market is segmented based on Segmentation Category,Source,Application.
Global Solvents Market was valued at USD 31.54(Revenue in USD Billion) in 2021.
Global Solvents Market is projected to grow at a CAGR of 5.48% during the forecast period of 2024 to 2032.
The estimated market value of the Global Solvents Market for final year is USD 47.43 (USD Billion).
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