Global Solvents Market Research Report 2023(Status and Outlook)
Report Overview
A solvent is a substance capable of dissolving a solute which can be in a solid, liquid, or gaseous state to form a solution. Solvents are chemicals that melt, suspend, or extract Others materials. Solvents can be of two types: Organic that contains carbon, and inorganic that does not contain carbon. Oxygenated, hydrocarbons, and halogenated are the common types of organic solvents.
During 2017, the paints and coatings segment accounted for the major shares of this market. Solvents help in dissolving and dispersing certain components in the formulation of paints such as pigments and resins which helps in maintaining the consistency of paints for applications. The ability of solvents to make paints more durable, decorative, and glossy in both indoor and outdoor applications will contribute to the growth of this market segment in the coming years.This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2025. The increasing growth of the population in this region, growth in the automobile, construction industries, and cosmetic products will fuel the growth of the solvents market. Furthermore, the increasing income of the middle-class individuals accompanied by significant investments in the chemical industry will also contribute to the market’s growth in this region.
The Global Solvents Market Size was estimated at USD 40480 million in 2022 and is projected to reach USD 47140.78 million by 2029, exhibiting a CAGR of 2.20% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Solvents market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Solvents Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Solvents market in any manner.
Global Solvents Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Shell
ExxonMobil
Total
Chevron Phillips
SK
Calumet
BP
Dow
Citgo
Reliance
KAPCO
Mitsubishi
CEPSA
Ganga Rasayanie
JX Nippon Oil & Energy
Neste
CPC Corporation
Gulf Chemicals and Industrial Oils
Sinopec
CNPC
Jiangsu Hualun
Changshu Alliance Chemical
Suzhou Jiutai Group
BASF
Ashland
Indorama(Huntsman)
Arkema
INEOS
Solvay
Eastma Chemical
Market Segmentation (by Type)
Oxygenated Solvents
Hydrocarbon Solvents
Market Segmentation (by Application)
PC/ABS
PPO-HIPS Resin
Polyethylene
Polyurethane
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Solvents Market
Overview of the regional outlook of the Solvents Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Solvents
- 1.2 Key Market Segments
- 1.2.1 Solvents Segment by Type
- 1.2.2 Solvents Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Solvents Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Solvents Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global Solvents Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Solvents Market Competitive Landscape
- 3.1 Global Solvents Sales by Manufacturers (2018-2023)
- 3.2 Global Solvents Revenue Market Share by Manufacturers (2018-2023)
- 3.3 Solvents Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global Solvents Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers Solvents Sales Sites, Area Served, Product Type
- 3.6 Solvents Market Competitive Situation and Trends
- 3.6.1 Solvents Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Solvents Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Solvents Industry Chain Analysis
- 4.1 Solvents Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Solvents Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Market Restraints
- 5.5 Industry News
- 5.5.1 New Product Developments
- 5.5.2 Mergers & Acquisitions
- 5.5.3 Expansions
- 5.5.4 Collaboration/Supply Contracts
- 5.6 Industry Policies
- 6 Solvents Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Solvents Sales Market Share by Type (2018-2023)
- 6.3 Global Solvents Market Size Market Share by Type (2018-2023)
- 6.4 Global Solvents Price by Type (2018-2023)
- 7 Solvents Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Solvents Market Sales by Application (2018-2023)
- 7.3 Global Solvents Market Size (M USD) by Application (2018-2023)
- 7.4 Global Solvents Sales Growth Rate by Application (2018-2023)
- 8 Solvents Market Segmentation by Region
- 8.1 Global Solvents Sales by Region
- 8.1.1 Global Solvents Sales by Region
- 8.1.2 Global Solvents Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America Solvents Sales by Country
- 8.2.2 U.S.
- 8.2.3 Canada
- 8.2.4 Mexico
- 8.3 Europe
- 8.3.1 Europe Solvents Sales by Country
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 U.K.
- 8.3.5 Italy
- 8.3.6 Russia
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific Solvents Sales by Region
- 8.4.2 China
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 India
- 8.4.6 Southeast Asia
- 8.5 South America
- 8.5.1 South America Solvents Sales by Country
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Columbia
- 8.6 Middle East and Africa
- 8.6.1 Middle East and Africa Solvents Sales by Region
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt
- 8.6.5 Nigeria
- 8.6.6 South Africa
- 9 Key Companies Profile
- 9.1 Shell
- 9.1.1 Shell Solvents Basic Information
- 9.1.2 Shell Solvents Product Overview
- 9.1.3 Shell Solvents Product Market Performance
- 9.1.4 Shell Business Overview
- 9.1.5 Shell Solvents SWOT Analysis
- 9.1.6 Shell Recent Developments
- 9.2 ExxonMobil
- 9.2.1 ExxonMobil Solvents Basic Information
- 9.2.2 ExxonMobil Solvents Product Overview
- 9.2.3 ExxonMobil Solvents Product Market Performance
- 9.2.4 ExxonMobil Business Overview
- 9.2.5 ExxonMobil Solvents SWOT Analysis
- 9.2.6 ExxonMobil Recent Developments
- 9.3 Total
- 9.3.1 Total Solvents Basic Information
- 9.3.2 Total Solvents Product Overview
- 9.3.3 Total Solvents Product Market Performance
- 9.3.4 Total Business Overview
- 9.3.5 Total Solvents SWOT Analysis
- 9.3.6 Total Recent Developments
- 9.4 Chevron Phillips
- 9.4.1 Chevron Phillips Solvents Basic Information
- 9.4.2 Chevron Phillips Solvents Product Overview
- 9.4.3 Chevron Phillips Solvents Product Market Performance
- 9.4.4 Chevron Phillips Business Overview
- 9.4.5 Chevron Phillips Solvents SWOT Analysis
- 9.4.6 Chevron Phillips Recent Developments
- 9.5 SK
- 9.5.1 SK Solvents Basic Information
- 9.5.2 SK Solvents Product Overview
- 9.5.3 SK Solvents Product Market Performance
- 9.5.4 SK Business Overview
- 9.5.5 SK Solvents SWOT Analysis
- 9.5.6 SK Recent Developments
- 9.6 Calumet
- 9.6.1 Calumet Solvents Basic Information
- 9.6.2 Calumet Solvents Product Overview
- 9.6.3 Calumet Solvents Product Market Performance
- 9.6.4 Calumet Business Overview
- 9.6.5 Calumet Recent Developments
- 9.7 BP
- 9.7.1 BP Solvents Basic Information
- 9.7.2 BP Solvents Product Overview
- 9.7.3 BP Solvents Product Market Performance
- 9.7.4 BP Business Overview
- 9.7.5 BP Recent Developments
- 9.8 Dow
- 9.8.1 Dow Solvents Basic Information
- 9.8.2 Dow Solvents Product Overview
- 9.8.3 Dow Solvents Product Market Performance
- 9.8.4 Dow Business Overview
- 9.8.5 Dow Recent Developments
- 9.9 Citgo
- 9.9.1 Citgo Solvents Basic Information
- 9.9.2 Citgo Solvents Product Overview
- 9.9.3 Citgo Solvents Product Market Performance
- 9.9.4 Citgo Business Overview
- 9.9.5 Citgo Recent Developments
- 9.10 Reliance
- 9.10.1 Reliance Solvents Basic Information
- 9.10.2 Reliance Solvents Product Overview
- 9.10.3 Reliance Solvents Product Market Performance
- 9.10.4 Reliance Business Overview
- 9.10.5 Reliance Recent Developments
- 9.11 KAPCO
- 9.11.1 KAPCO Solvents Basic Information
- 9.11.2 KAPCO Solvents Product Overview
- 9.11.3 KAPCO Solvents Product Market Performance
- 9.11.4 KAPCO Business Overview
- 9.11.5 KAPCO Recent Developments
- 9.12 Mitsubishi
- 9.12.1 Mitsubishi Solvents Basic Information
- 9.12.2 Mitsubishi Solvents Product Overview
- 9.12.3 Mitsubishi Solvents Product Market Performance
- 9.12.4 Mitsubishi Business Overview
- 9.12.5 Mitsubishi Recent Developments
- 9.13 CEPSA
- 9.13.1 CEPSA Solvents Basic Information
- 9.13.2 CEPSA Solvents Product Overview
- 9.13.3 CEPSA Solvents Product Market Performance
- 9.13.4 CEPSA Business Overview
- 9.13.5 CEPSA Recent Developments
- 9.14 Ganga Rasayanie
- 9.14.1 Ganga Rasayanie Solvents Basic Information
- 9.14.2 Ganga Rasayanie Solvents Product Overview
- 9.14.3 Ganga Rasayanie Solvents Product Market Performance
- 9.14.4 Ganga Rasayanie Business Overview
- 9.14.5 Ganga Rasayanie Recent Developments
- 9.15 JX Nippon Oil andamp; Energy
- 9.15.1 JX Nippon Oil andamp; Energy Solvents Basic Information
- 9.15.2 JX Nippon Oil andamp; Energy Solvents Product Overview
- 9.15.3 JX Nippon Oil andamp; Energy Solvents Product Market Performance
- 9.15.4 JX Nippon Oil andamp; Energy Business Overview
- 9.15.5 JX Nippon Oil andamp; Energy Recent Developments
- 9.16 Neste
- 9.16.1 Neste Solvents Basic Information
- 9.16.2 Neste Solvents Product Overview
- 9.16.3 Neste Solvents Product Market Performance
- 9.16.4 Neste Business Overview
- 9.16.5 Neste Recent Developments
- 9.17 CPC Corporation
- 9.17.1 CPC Corporation Solvents Basic Information
- 9.17.2 CPC Corporation Solvents Product Overview
- 9.17.3 CPC Corporation Solvents Product Market Performance
- 9.17.4 CPC Corporation Business Overview
- 9.17.5 CPC Corporation Recent Developments
- 9.18 Gulf Chemicals and Industrial Oils
- 9.18.1 Gulf Chemicals and Industrial Oils Solvents Basic Information
- 9.18.2 Gulf Chemicals and Industrial Oils Solvents Product Overview
- 9.18.3 Gulf Chemicals and Industrial Oils Solvents Product Market Performance
- 9.18.4 Gulf Chemicals and Industrial Oils Business Overview
- 9.18.5 Gulf Chemicals and Industrial Oils Recent Developments
- 9.19 Sinopec
- 9.19.1 Sinopec Solvents Basic Information
- 9.19.2 Sinopec Solvents Product Overview
- 9.19.3 Sinopec Solvents Product Market Performance
- 9.19.4 Sinopec Business Overview
- 9.19.5 Sinopec Recent Developments
- 9.20 CNPC
- 9.20.1 CNPC Solvents Basic Information
- 9.20.2 CNPC Solvents Product Overview
- 9.20.3 CNPC Solvents Product Market Performance
- 9.20.4 CNPC Business Overview
- 9.20.5 CNPC Recent Developments
- 9.21 Jiangsu Hualun
- 9.21.1 Jiangsu Hualun Solvents Basic Information
- 9.21.2 Jiangsu Hualun Solvents Product Overview
- 9.21.3 Jiangsu Hualun Solvents Product Market Performance
- 9.21.4 Jiangsu Hualun Business Overview
- 9.21.5 Jiangsu Hualun Recent Developments
- 9.22 Changshu Alliance Chemical
- 9.22.1 Changshu Alliance Chemical Solvents Basic Information
- 9.22.2 Changshu Alliance Chemical Solvents Product Overview
- 9.22.3 Changshu Alliance Chemical Solvents Product Market Performance
- 9.22.4 Changshu Alliance Chemical Business Overview
- 9.22.5 Changshu Alliance Chemical Recent Developments
- 9.23 Suzhou Jiutai Group
- 9.23.1 Suzhou Jiutai Group Solvents Basic Information
- 9.23.2 Suzhou Jiutai Group Solvents Product Overview
- 9.23.3 Suzhou Jiutai Group Solvents Product Market Performance
- 9.23.4 Suzhou Jiutai Group Business Overview
- 9.23.5 Suzhou Jiutai Group Recent Developments
- 9.24 BASF
- 9.24.1 BASF Solvents Basic Information
- 9.24.2 BASF Solvents Product Overview
- 9.24.3 BASF Solvents Product Market Performance
- 9.24.4 BASF Business Overview
- 9.24.5 BASF Recent Developments
- 9.25 Ashland
- 9.25.1 Ashland Solvents Basic Information
- 9.25.2 Ashland Solvents Product Overview
- 9.25.3 Ashland Solvents Product Market Performance
- 9.25.4 Ashland Business Overview
- 9.25.5 Ashland Recent Developments
- 9.26 Indorama(Huntsman)
- 9.26.1 Indorama(Huntsman) Solvents Basic Information
- 9.26.2 Indorama(Huntsman) Solvents Product Overview
- 9.26.3 Indorama(Huntsman) Solvents Product Market Performance
- 9.26.4 Indorama(Huntsman) Business Overview
- 9.26.5 Indorama(Huntsman) Recent Developments
- 9.27 Arkema
- 9.27.1 Arkema Solvents Basic Information
- 9.27.2 Arkema Solvents Product Overview
- 9.27.3 Arkema Solvents Product Market Performance
- 9.27.4 Arkema Business Overview
- 9.27.5 Arkema Recent Developments
- 9.28 INEOS
- 9.28.1 INEOS Solvents Basic Information
- 9.28.2 INEOS Solvents Product Overview
- 9.28.3 INEOS Solvents Product Market Performance
- 9.28.4 INEOS Business Overview
- 9.28.5 INEOS Recent Developments
- 9.29 Solvay
- 9.29.1 Solvay Solvents Basic Information
- 9.29.2 Solvay Solvents Product Overview
- 9.29.3 Solvay Solvents Product Market Performance
- 9.29.4 Solvay Business Overview
- 9.29.5 Solvay Recent Developments
- 9.30 Eastma Chemical
- 9.30.1 Eastma Chemical Solvents Basic Information
- 9.30.2 Eastma Chemical Solvents Product Overview
- 9.30.3 Eastma Chemical Solvents Product Market Performance
- 9.30.4 Eastma Chemical Business Overview
- 9.30.5 Eastma Chemical Recent Developments
- 10 Solvents Market Forecast by Region
- 10.1 Global Solvents Market Size Forecast
- 10.2 Global Solvents Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Solvents Market Size Forecast by Country
- 10.2.3 Asia Pacific Solvents Market Size Forecast by Region
- 10.2.4 South America Solvents Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Solvents by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global Solvents Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of Solvents by Type (2024-2029)
- 11.1.2 Global Solvents Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of Solvents by Type (2024-2029)
- 11.2 Global Solvents Market Forecast by Application (2024-2029)
- 11.2.1 Global Solvents Sales (K MT) Forecast by Application
- 11.2.2 Global Solvents Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook