Global Solvents Market- Industry Analysis And Forecast (2020-2027)

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Global Solvents market was valued US$ XX Bn 2019 and is expected to reach US$ 75.45 Bn by 2027, at a CAGR of 4.2% during a forecast period.

Market Definition

A solvent is chemical liquid that convert solute into solvent. Solvents have various application in domestic, commercial and research sector. Tending research development in industries for various pharmaceutical ingredients like, drugs, adhesive, API are in demand. As pharmaceutical companies are growing, research and advancement in drugs is simultaneously in demand, for that perspective solvent will play very important role in coming years hence Solvents market is expected to grow during forecast period.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Market Dynamic

The report contains a detail information of drivers, restrains, threats and opportunities for growth of the Solvents market. Solvents are used by various industries ...
... and institutes as they have numerous use in various sector. Rising automotive technology and modernization is one of the key factors to drive the market in forecast period. Solvents constantly interpret between 80 to 90% of utilization by chemical and pharmaceutical sector. Cosmetic market is one of the major factor that will be drive the market, demand for cosmetic products is high nowadays. The report has covered its applications in detail including domestic and industrial.

Industrial demand for green solvents is expected to be the one of the key drivers during forecast period. The report has covered the industrial application by regions and its different dynamics that will help to understand the market and to create suitable strategies for each region.

Fluctuation in performance of equipment is considered as one of strong point getting noticed by industries which is expected to hamper the market growth.

Safety outlook

Some hazardous solvents like chloroform and benzene are carcinogenic, and can cause organ damage like brain, kidney, and liver. Some of them can catch fire easily at work place, which is one of the major factors is expected to affect market differently in different region.

Opportunities

The global bio-based chemical market is growing in size and importance. Bio-based solvents such as glycerol and 2-methyltetrahydrofuran are often discussed as important introductions to the conventional repertoire of solvents. However, adoption of new innovations by industry is typically slow. Therefore it might be anticipated that neoteric solvent systems (e.g., ionic liquids) will remain niche, while renewable routes to historically established solvents will continue to grow in importance. Review discusses bio-based solvents from the perspective of their production, identifying suitable feedstock, platform molecules, and relevant product streams for the sustainable manufacturing of conventional solvents.

Solvents Market Segment analysis

In terms of application, paint and coating sector is estimated to dominate the market growth during forecast period. Development in infrastructure and automobile industries are expected to adopt by various industries which is expected to boost the market growth. Bio-based solvents are in use for painting and coating purpose to dissolve binders and color to provide good consistency. However, Industrial Coatings made with solvents dry up to 10 times faster than low-solvent alternatives at room temperature, making painting fast and easy along with other benefits such as long-lasting protection, brilliant performance in extreme weather conditions and many more.

Solvents Market Country-wise analysis

Regionally, Asia pacific is anticipated to witness the fastest market growth during forecast period expanding at CAGR of 4.1%. Development in industrialization in china and India, expected to show the fastest growth rate in the region. High demand for adhesive and paint coating is expected to fuel the market in coming years. Personal care sector is also demanding for solvent for their dissolution purpose is expected to boost the market in this region. However development in architecture sector require huge amount of solvent for coating and painting which will contribute for solvents market growth.

The objective of the report is to present a comprehensive analysis of the Global Solvents Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Solvents Market dynamics, structure by analyzing the market segments and project the Global Solvents Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Solvents Market make the report investor’s guide.

Scope of Global Solvents Market

Global Solvents market, By Type

• Alcohols

• Glycol Ethers

• Aromatic

Xylene

Toluene

• Esters

• Ketones

• Aliphatic

Global Solvents market, By Application

• Pharmaceuticals

• Paints & coatings

• Adhesives

• Metal cleaning

• Personal care

• Polymer manufacturing

• Printing inks

• Agricultural chemicals

Global Solvents market, By Source

• Pharmaceutical Based

• Bio-Green

Key Players Operating the Solvents Market

• Royal Dutch Shell

• Eastman Chemical Company

• BASF SE

• ExxonMobil Corporation

• LyondellBasell Industries Holdings B.V

• Ashland Global Holdings

• Celanese Corporation

• Huntsman Corporation

• Solvay

• Honeywell International

• Ineos Group

• Sasol Solvents

• Dow Chemicals

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