Philippines Solvents Market to 2032
Overview
The Philippines Solvents Market is expected to reach a 285.45 USD Million by 2032 and is projected to grow at a CAGR of 6.01% from 2025 to 2032.
Revenue, 2024 (USD Million)
201.69
Forecast, 2032 (USD Million)
285.45
CAGR, 2024 - 2032
6.01%
Report Coverage
Philippines
Philippines Solvents Market 2018-2032 USD Million
Philippines Solvents Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 201.69 USD Million
- Projected Market Size (2032): 285.45 USD Million
- CAGR (2025-2032): 6.01%
Key Findings of Philippines Solvents Market
- The Philippines Solvents Market was valued at 201.69 USD Million in 2024.
- The Philippines Solvents Market is likely to grow at a CAGR of 6.01% 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 151.79 USD Million
- The fastest growing segment Paints and Coatings in Application Segment grew Fastest with a CAGR of 6.60% during the forecast period from 2024 to 2032.
Philippines Solvents Market Scope
Philippines Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Source
- Bio-Based
- Conventional
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
Philippines Solvents Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Million |
| Market Value in 2024 | 201.69 USD Million |
| Market Value in 2032 | 285.45 USD Million |
| CAGR (2025-2032) | 6.01% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Category,Source,Application |
Regional Insights:
-
Leading Market (2024-2032): Philippines, leading in terms of revenue 201.69 USD Million in 2024
- Key Country: Philippines, leading in terms of revenue with value of 201.69 USD Million in 2024.
Segments and Scope
-
Philippines Solvents Market to 2032, By Category
- Oxygenated Solvents is the largest segment in Philippines Solvents Market to 2032 with a revenue of 134.14 USD Million in the year 2024.
- Oxygenated Solvents is the Fastest growing segment in Philippines Solvents Market to 2032 with a Growth rate of 6.20 % in forecast period 2025-2032.
-
Philippines Solvents Market to 2032, By Source
- Conventional is the largest segment in Philippines Solvents Market to 2032 with a revenue of 151.79 USD Million in the year 2024.
- Bio-Based is the Fastest growing segment in Philippines Solvents Market to 2032 with a Growth rate of 5.95 % in forecast period 2025-2032.
-
Philippines Solvents Market to 2032, By Application
- Paints and Coatings is the largest segment in Philippines Solvents Market to 2032 with a revenue of 93.45 USD Million in the year 2024.
- Paints and Coatings is the Fastest growing segment in Philippines Solvents Market to 2032 with a Growth rate of 6.60 % in forecast period 2025-2032.
Philippines Solvents Market Company Share Analysis
| Company Name |
|
||
| BP p.l.c. | |||
| Celanese Corporation | |||
| ADM | |||
| Eastman Chemical Company or its subsidiaries | |||
| Shell | |||
Philippines Solvents Market Geographical Sales Distribution, 2018-2032 USD Million
Philippines Solvents Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Philippines Solvents Market is segmented based on Segmentation Category,Source,Application.
Philippines Solvents Market was valued at USD 201.69(Revenue in USD Million) in 2021.
Philippines Solvents Market is projected to grow at a CAGR of 6.01% during the forecast period of 2024 to 2032.
The Conventional segment is expected to dominate the Philippines Solvents Market, holding a largest market share of 151.79 USD Million in 2024
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Philippines Solvents Market Scope
Philippines Solvents Market Segmentation & Scope
Category
- Halogenated Solvents
- Others
- Hydrocarbon Solvents
- Oxygenated Solvents
Source
- Bio-Based
- Conventional
Application
- Metal Cleaning
- Agricultural Chemicals
- Polymer Manufacturing
- Personal Care
- Printing Inks
- Adhesives
- Pharmaceuticals
- Others
- Paints and Coatings
Frequently Asked Questions
The Philippines Solvents Market is segmented based on Segmentation Category,Source,Application.
Philippines Solvents Market was valued at USD 201.69(Revenue in USD Million) in 2021.
Philippines Solvents Market is projected to grow at a CAGR of 6.01% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Solvents Market for final year is USD 285.45 (USD Million).
Philippines Solvents Market Company Profiling
Frequently Asked Questions
The Philippines Solvents Market is segmented based on Segmentation Category,Source,Application.
Philippines Solvents Market was valued at USD 201.69(Revenue in USD Million) in 2021.
Philippines Solvents Market is projected to grow at a CAGR of 6.01% during the forecast period of 2024 to 2032.
The estimated market value of the Philippines Solvents Market for final year is USD 285.45 (USD Million).
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