Global Solvents Market, By Type (Alcohols, Ketones, Esters, Glycol Ethers, Aromatic, Aliphatic), Category (Oxygenated Solvents, Hydrocarbon Solvents, Halogenated Solvents, Others),Source (Petrochemical-Based, Bio and Green), Application (Paints and Coatings, Pharmaceuticals, Polymer Manufacturing, Adhesives, Printing Inks, Metal Cleaning, Personal Care, Agricultural Chemicals), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The solvents market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.80% in the above-mentioned forecast period.
A solvent is chemical liquid which breaks down or converts solute into solvent, which are generally used in various applications such as pharmaceuticals, personal care, printing inks, adhesives, metal cleaning, paints and coatings, agricultural chemicals and polymer manufacturing.
The factors such as decreasing prices of crude oil and high demand for solvents from the agricultural chemicals sector are the root cause fueling up the solvents market growth rate. Additionally, the rising market penetration and increasing demand from the construction and automotive industries will also directly and positively impact the growth rate of the solvents market. However, high production cost and performance problem derail growth of the solvents market.
Increasing opportunities from developing economies further offer a variety of growth opportunities for the market. On the other hand, the consumers opting for bio-green alternatives as they are less reactive and non-VOC in nature pose as challenge for the market’s growth.
This solvents market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on solvents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Solvents Market Scope and Market Size
The solvents market is segmented on the basis of type, category, source and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the solvents market is segmented into alcohols, ketones, esters, glycol ethers, aromatic and aliphatic.
- On the basis of category, the solvents market is segmented into oxygenated solvents, hydrocarbon solvents, halogenated solvents and others.
- On the basis of source, the solvents market is segmented into petrochemical-based and bio and green.
- On the basis of application, the solvents market is segmented into paints and coatings, pharmaceuticals, polymer manufacturing, adhesives, printing inks, metal cleaning, personal care and agricultural chemicals.
Solvents Market Country Level Analysis
The solvents market is analyzed and market size, volume information is provided by type, category, source and application as referenced above.
The countries covered in the solvents market report are 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.
Asia Pacific is estimated to dominate the solvents market owing to the increasing end-use industries such as paints and coating and adhesives and rising industrialization within the region. North America, on the other hand, will continue to however show lucrative growth within the forecast period owing to the high demand for solvents from various end use industries.
The country section of the solvents market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Solvents Market Share Analysis
The solvents market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to solvents market.
The major players covered in the solvents market report are Royal Dutch Shell, Eastman Chemical Company, BASF SE, Exxon Mobil Corporation, Lyondellbasell Industries Holdings B.V., Ashland Global, Celanese Corporation, Huntsman International LLC, Solvay S.A., Honeywell, Ineos Group AG, Dow, Cargill, Incorporated, Chr Hansen Holding A/S, Ajinomoto, ADM, Herza Chocolate GmbH & Co. KG, Indena Spa, Martin Bauer Group and Frutarom Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Solvents Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.