The global solvents market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 42,627.99 million by 2030.
Key Pointers Covered in Solvents Market Industry Trends and Forecast to 2030
• Market Size
• Market New Sales Volumes
• Market Replacement Sales Volumes
• Market Installed Base
• Market By Brands
• Market Procedure Volumes
• Market Product Price Analysis
• Market Regulatory Framework and Changes
• Market Shares in Different Regions
• Recent Developments for Market Competitors
• Market Upcoming Applications
• Market Innovators Study
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Benefits of Considering this Report:
• This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
• A complete picture of the competitive scenario of Solvents Market is depicted by this report.
• The report consists of a vast amount of data about the recent product and technological developments in the markets.
• The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
Solvents Market Scope and Market Size
The solvents market is categorized based on category, source, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Category
• Oxygenated Solvents
• Hydrocarbon Solvents
• Halogenated Solvents
• Others
On the basis of category, the market is segmented into oxygenated solvents, hydrocarbon solvents, halogenated solvents, others.
Source
• Conventional
• Bio-based
On the basis of source, the market is segmented into conventional and bio-based.
Application
• Paints and Coatings
• Pharmaceuticals
• Adhesives
• Printing Inks
• Personal Care
• Polymer Manufacturing
• Agricultural Chemicals
• Metal Cleaning
• Others
On the basis of application, the market is segmented into paints and coatings, pharmaceuticals, adhesives, printing inks, personal care, polymer manufacturing, agricultural chemicals, metal cleaning, others.
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Some of the key questions answered in this report:
• How has the Solvents Market performed so far and how will it perform in the coming years?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the injury location?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Solvents Market and who are the key players?
• What is the degree of competition in the industry?
Market Analysis and Insights: Solvents Market
• Solvents are typically liquid substances with the capacity to dissolve or distribute a wide range of compounds, including solid, liquid, and gaseous substances. They are widely used in a variety of industries, including chemicals, pharmaceuticals, paints and coatings, adhesives, cleaning products, and many more. The market for solvents includes a variety of solvent types, such as hydrocarbons, oxygenated solvents, halogenated solvents, and other specialized solvents.
• Solvents are low-molecular-weight fluorinated synthetic fluids. They are non-toxic and non-flammable in their natural state. A solvent can be utilized in severe temperatures ranging from 80°C to 200°C. Their molecular structure might be linear, branched, or a combination of both, depending on the application. Solvents have various properties such as temperature resistance, lubricity, wear resistance, and fluid volatility.
• Solvents play an important role as carriers for surface coatings such as paints, varnishes, and adhesives. The chemicals used in paints and coatings rely on solvents as they can dissolve and disperse components that are employed in the coatings formulations. It further ensures the quality of the final product obtained and optimal performance. Solvents act as essential components in paints and coatings formulations in the construction industry as it can dissolve pigments, additives, and binders to form high-performance coatings. Various types of solvents are used depending on the requirements of the coatings such as drying time, film quality, and compatibility with other components.
• Solvent selection such as hydrocarbon solvents, ketones, esters, alcohols, and glycol ethers depends on factors such as solvating ability, polarity, and compatibility with other components in the formulation. Benzene, toluene, and xylenes are aromatic hydrocarbon solvents that are used in enamel-based paints, whereas lacquer-based paints need stronger solvents for faster drying.
Solvents Market Country Level Analysis
• U.S., Canada and Mexico in [North America]
• Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, [Rest of Europe]
• China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, [Rest of Asia-Pacific (APAC)]
• Saudi Arabia, U.A.E, South Africa, Egypt, Israel, [Rest of Middle East and Africa (MEA)]
• Brazil, Argentina and [Rest of South America]
Solvents Market Share Analysis
The global solvents market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the global solvents market.
Key player Solvents Market
Some of the prominent participants operating in the global solvents market are Arkema (France), INVISTA ( A Subsidiary of Koch Industries, Inc.)(USA), Ashland (USA), Bharat Petroleum Corporation Limited (India), Huntsman International LLC (USA), Solvay (Belgium), ADM (USA), Shell Global (Netherlands), BP p.l.c. (UK), Eastman Chemical Company (USA), INEOS GROUP HOLDINGS S.A.(UK), BASF SE (Germany), Celanese Corporation (USA), Cargill, Incorporated (USA), Reliance Industries Limited (India), Honeywell International Inc. (USA), LyondellBasell Industries Holding B.V. (Netherlands), Exxon Mobil Corporation (USA), Monument Chemical (USA), Dow (USA), Olin Corporation (USA) among others.
MAJOR TOC OF THE REPORT
• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: Solvents Market Share by Product & Procedure type
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