The global Solvent market is projected to grow from USD 47.72 Bn in 2021 to 72.77 Bn by 2030, at a CAGR of 4.8% in forecast period, 2022-2030.
The increased adoption of Solvent in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Solvent also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Solvent in many sectors also boosts the market growth during the forecast period.
le in liquid form, but they can also be solid or gaseous. Methanol, ethanol, butanol, propylene glycols, glycol ethers, butyl glycol ethers, acetone, esters, toluene, and hydrocarbons are among them. These products have the ability to dissolve, absorb, and dilute other substances in a very fine distribution while remaining chemically unchanged. Rising chemical innovation and advancement, combined with rising demand for bio-based products as environmental regulations become more stringent, will drive product demand.
Solvent Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product Type (Oxygenated Solvents (Alcohols, Methanol, Ethanol, Propanol) Butanol (Glycols, Ethylene Glycols, Propylene Glycols) Glycol Ethers (E-series Glycol Ethers, P-series Glycol Ethers, Butyl Glycol Ethers) Ketones (Acetone, MEK, MIBK) Esters (Ethyl Acetate, Butyl Acetate) Hydrocarbon Solvents (Aliphatic Solvents, Aromatic Solvents (Toluene, Xylene, Ethyl Benzene) Halogenated Solvents (Methylene Chloride, Trichloroethylene, Perchloroethylene) Acetic Acid), application (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Metal Cleaning, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Others), and companies (Celanese Corporation, Honeywell International Inc., INEOS Group AG, Gandhar Oil, Royal Dutch Shell Plc, Eastman Chemical Company, LyondellBasell Industries Holdings B.V., Ashland Global Holdings Inc., BASF SE, ExxonMobil Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.8 %, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||72.77 Billion|
|CAGR (2022-2030)||4.8 %|
|By Product Type||Oxygenated Solvents (Alcohols, Methanol, Ethanol, Propanol) Butanol (Glycols, Ethylene Glycols, Propylene Glycols) Glycol Ethers (E-series Glycol Ethers, P-series Glycol Ethers, Butyl Glycol Ethers) Ketones (Acetone, MEK, MIBK) Esters (Ethyl Acetate, Butyl Acetate) Hydrocarbon Solvents (Aliphatic Solvents, Aromatic Solvents (Toluene, Xylene, Ethyl Benzene) Halogenated Solvents (Methylene Chloride, Trichloroethylene, Perchloroethylene) Acetic Acid|
|By Application||Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Metal Cleaning, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Celanese Corporation, Honeywell International Inc., INEOS Group AG, Gandhar Oil, Royal Dutch Shell Plc, Eastman Chemical Company, LyondellBasell Industries Holdings B.V., Ashland Global Holdings Inc., BASF SE, ExxonMobil Corporation|
The COVID-19 pandemic has had a substantial negative influence on the Solvent market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Celanese Corporation, Honeywell International Inc., INEOS Group AG, Gandhar Oil, Royal Dutch Shell Plc, Eastman Chemical Company, LyondellBasell Industries Holdings B.V., Ashland Global Holdings Inc., BASF SE, ExxonMobil Corporation
Market Segment Analysis:
By Product Type
- Ethylene Glycols
- Propylene Glycols
- E-series Glycol Ethers
- P-series Glycol Ethers
- Butyl Glycol Ethers
- Ethyl Acetate
- Butyl Acetate
- Ethyl Benzene
- Methylene Chloride
- Paints & Coatings
- Printing Inks
- Metal Cleaning
- Personal Care
- Polymer Manufacturing
- Agricultural Chemicals
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Solvent industries in the region.
Key Solvent Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Solvent Market segments.
– Largest Market Share Held by Industry to Industry for Solvent
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Solvent Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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