North America Solvents Market - Industry Trends and Forecast to 2030
North America solvents market is expected to reach USD 12,504.57 Million by 2030 from USD 8,888.09 Million in 2022, growing at a CAGR of 4.5% in the forecast period of 2023 to 2030
Market Segmentation North America Solvents Market, By Category (Oxygenated Solvents, Hydrocarbon Solvents, and Halogenated Solventsy Source) (Conventional and Bio-Based), Application (Paints and Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Metal Cleaning, and Others), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030 Overview of North America Solvents Market Dynamics
Driver • Rising usage of printing inks for different industrial applications
Restrain
• Health and safety concerns related to the usage of solvents Opportunity
• Shifting focus of manufacturers towards eco-friendly solvents
Market Players
Some of the key players operating in the North America solvents market are: • Arkema • INVISTA (A Subsidiary of Koch Industries, Inc.) • Ashland • Huntsman International LLC • Solvay • ADM • Shell Global • BP p.l.c. • Eastman Chemical Company • INEOS GROUP HOLDINGS S.A. • BASF SE • Celanese Corporation • Cargill, Incorporated • Reliance Industries Limited • Honeywell International Inc. • LyondellBasell Industries Holding B.V. • Exxon Mobil Corporation • Monument Chemical • Dow • Olin Corporation
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1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview
1.4 Currency And Pricing
1.5 Limitation
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographical Scope
2.3 Years Considered For The Study
2.4 Currency And Pricing
2.5 Dbmr Tripod Data Validation Model
2.6 Product Life Line Curve
2.7 Multivariate Modeling
2.8 Primary Interviews With Key Opinion Leaders
2.9 Dbmr Market Position Grid
2.10 Market Application Coverage Grid
2.11 Dbmr Market Challenge Matrix
2.12 Secondary Sources
2.13 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Supply Chain Analysis
4.1.1 Overview
4.1.2 Logistic Cost Scenario
4.1.3 Importance Of Logistics Service Providers
4.2 Technological Advancements By Manufacturers
4.3 Vendor Selection Criteria
4.4 List Of Key Buyers
4.5 Raw Material Coverage
5 Regulation Coverage
6 Market Overview
6.1 Drivers
6.1.1 Growing Demand For Solvents In The Paints And Coatings Industry
6.1.2 Rising Usage Of Printing Inks For Different Industrial Applications
6.1.3 Rising Demand For Beauty And Personal Care Products Industry
6.1.4 Growing Adoption Of Polymers And Rubbers Across Various Segments
6.1.5 Positive Outlook Toward The Agrochemicals Industry
6.1.6 Rising Use Of Solvents In The Pharmaceutical Sector
6.2 Restraints
6.2.1 Health And Safety Concerns Related To The Usage Of Solvents
6.2.2 Technical Complexities In Solvent Recovery And Reuse
6.3 Opportunities
6.3.1 Shifting The Focus Of Manufacturers Toward Eco-friendly Solvents
6.3.2 Immense Potential In The Renewable Energy Sector
6.4 Challenges
6.4.1 Issues In Transportation And Storage Of Solvents
6.4.2 Stringent Rules And Regulations
7 North America Solvents Market, By Catgeory
7.1 Overview
7.2 Oxygenated Solvents
7.2.1 Oxygenated Solvents, By Category
7.2.1.1 Alcohols
7.2.1.1.1 Ethanol
7.2.1.1.2 Methanol
7.2.1.1.3 Propanol
7.2.1.1.4 Butanol
7.2.1.2 Glycol Ethers
7.2.1.2.1 E-series Glycol Ethers
7.2.1.2.2 P-series Glycol Ethers
7.2.1.2.3 Butyl Glycol Ethers
7.2.1.3 Ketones
7.2.1.3.1 Acetone
7.2.1.3.2 Mek
7.2.1.3.3 Mibk
7.2.1.4 Esters
7.2.1.4.1 Ethyl Acetate
7.2.1.4.2 Buthyl Acetate
7.2.1.5 Glycols
7.2.1.5.1 Ethylene Glycol
7.2.1.5.1.1 Meg
7.2.1.5.1.2 Deg
7.2.1.5.1.3 Teg
7.2.1.5.2 Propylene Glycol
7.3 Hydrocarbon Solvents
7.3.1 Aliphatic Solvents
7.3.2 Aromatic Solvents
7.3.2.1 Toluene
7.3.2.2 Xylene
7.3.2.2.1 Mixed-xylene
7.3.2.2.2 Para-xylene
7.3.2.3 Ehtylbenzene
7.4 Halogenated Solvents
7.4.1 Halogenated Solvents, By Category
7.4.1.1 Trichloroethylene
7.4.1.2 Perchloroethylene
7.4.1.3 Methylene Chloride
7.5 Others
8 North America Solvents Market, By Source
8.1 Overview
8.2 Conventional
8.3 Bio-based
9 North America Solvents Market, By Application
9.1 Overview
9.2 Paints And Coatings
9.3 Pharmaceuticals
9.4 Adhesives
9.5 Printing Inks
9.6 Personal Care
9.7 Polymer Manufacturing
9.8 Agricultural Chemicals
9.9 Metal Cleaning
9.10 Others
10 North America Solvents Market, By Country
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
11 North America Solvents Market: Company Landscape
11.1 Company Share Analysis: North America
11.2 Product Launch
11.3 Acquisition
11.4 Collaboration
12 Swot Analysis
13 Company Profile
13.1 Adm
13.1.1 Company Snapshot
13.1.2 Product Portfolio
13.1.3 Revenue Analysis
13.1.4 Recent Developments
13.2 Reliance Industries Limited
13.2.1 Company Snapshot
13.2.2 Revenue Analysis
13.2.3 Product Portfolio
13.2.4 Recent Developments
13.3 Bp P.L.C.
13.3.1 Company Snapshot
13.3.2 Revenue Analysis
13.3.3 Product Portfolio
13.3.4 Recent Developments
13.4 Eastman Chemical Company (2022)
13.4.1 Company Snapshot
13.4.2 Revenue Analysis
13.4.3 Product Portfolio
13.4.4 Recent Developments
13.5 Olin Corporation
13.5.1 Company Snapshot
13.5.2 Revenue Analysis
13.5.3 Product Portfolio
13.5.4 Recent Developments
13.6 Arkema (2022)
13.6.1 Company Snapshot
13.6.2 Revenue Analysis
13.6.3 Product Portfolio
13.6.4 Recent Development
13.7 Ashland.(2022)
13.7.1 Company Snapshot
13.7.2 Revenue Analysis
13.7.3 Product Portfolio
13.7.4 Recent Development
13.8 Basf Se
13.8.1 Company Snapshot
13.8.2 Revenue Analysis
13.8.3 Product Portfolio
13.8.4 Recent Development
13.9 Cargill, Incorporated
13.9.1 Company Snapshot
13.9.2 Revenue Analysis
13.9.3 Product Portfolio
13.9.4 Recent Development
13.10 Celanese Corporaton(2022)
13.10.1 Company Snapshot
13.10.2 Revenue Analysis
13.10.3 Product Portfolio
13.10.4 Recent Development
13.11 Dow
13.11.1 Company Snapshot
13.11.2 Revenue Analysis
13.11.3 Product Portfolio
13.11.4 Recent Developments
13.12 Exxon Mobil Corporation(2022)
13.12.1 Company Snapshot
13.12.2 Revenue Analysis
13.12.3 Product Portfolio
13.12.4 Recent Developments
13.13 Honeywell International Inc. (2022)
13.13.1 Company Snapshot
13.13.2 Revenue Analysis
13.13.3 Product Portfolio
13.13.4 Recent Development
13.14 Huntsman International Llc (2022)
13.14.1 Company Snapshot
13.14.2 Revenue Analysis
13.14.3 Product Portfolio
13.14.4 Recent Development
13.15 Ineos Group Holdings S.A. (2022)
13.15.1 Company Snapshot
13.15.2 Revenue Analysis
13.15.3 Product Portfolio
13.15.4 Recent Development
13.16 Invista (A Subsidriary Of Koch Industries, Inc.)
Table 2 North America Solvents Market, By Category, 2021-2030 (Usd Million)
Table 3 North America Solvents Market, By Category, 2021-2030 (Kilo Tons)
Table 4 North America Solvents Market, By Category, 2021-2030 (Usd Million)
Table 5 North America Alcohols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 6 North America Glycol Ethers In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 7 North America Ketones In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 8 North America Esters In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 9 North America Glycols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 10 North America Ethylene Glycol In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 11 North America Hydrocarbon Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 12 North America Aromatic Solvents In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 13 North America Xylene In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 14 North America Halogenated Solvents, By Category In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 15 North America Solvents Market, By Source, 2021-2030 (Usd Million)
Table 16 North America Solvents Market, By Source, 2021-2030 (Kilo Tons)
Table 17 North America Solvents Market, By Application, 2021-2030 (Usd Million)
Table 18 North America Solvents Market, By Application, 2021-2030 (Kilo Tons)
Table 19 North America Solvents Market, By Country, 2021-2030 (Usd Million)
Table 20 North America Solvents Market, By Country, 2021-2030 (Kilo Tons)
Table 21 U.S. Solvents Market, By Category, 2021-2030 (Usd Million)
Table 22 U.S. Solvents Market, By Category, 2021-2030 (Kilo Tons)
Table 23 U.S. Oxygenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 24 U.S. Alcohols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 25 U.S. Glycol Ethers In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 26 U.S. Ketones In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 27 U.S. Esters In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 28 U.S. Glycols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 29 U.S. Ethylene Glycol In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 30 U.S. Hydrocarbon Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 31 U.S. Aromatic Solvents In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 32 U.S. Xylene In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 33 U.S. Halogenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 34 U.S. Solvents Market, By Source, 2021-2030 (Usd Million)
Table 35 U.S. Solvents Market, By Source, 2021-2030 (Kilo Tons)
Table 36 U.S. Solvents Market, By Application, 2021-2030 (Usd Million)
Table 37 U.S. Solvents Market, By Application, 2021-2030 (Kilo Tons)
Table 38 Canada Solvents Market, By Category, 2021-2030 (Usd Million)
Table 39 Canada Solvents Market, By Category, 2021-2030 (Kilo Tons)
Table 40 Canada Oxygenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 41 Canada Alcohols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 42 Canada Glycol Ethers In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 43 Canada Ketones In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 44 Canada Esters In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 45 Canada Glycols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 46 Canada Ethylene Glycol In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 47 Canada Hydrocarbon Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 48 Canada Aromatic Solvents In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 49 Canada Xylene In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 50 Canada Halogenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 51 Canada Solvents Market, By Source, 2021-2030 (Usd Million)
Table 52 Canada Solvents Market, By Source, 2021-2030 (Kilo Tons)
Table 53 Canada Solvents Market, By Application, 2021-2030 (Usd Million)
Table 54 Canada Solvents Market, By Application, 2021-2030 (Kilo Tons)
Table 55 Mexico Solvents Market, By Category, 2021-2030 (Usd Million)
Table 56 Mexico Solvents Market, By Category, 2021-2030 (Kilo Tons)
Table 57 Mexico Oxygenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 58 Mexico Alcohols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 59 Mexico Glycol Ethers In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 60 Mexico Ketones In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 61 Mexico Esters In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 62 Mexico Glycols In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 63 Mexico Ethylene Glycol In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 64 Mexico Hydrocarbon Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 65 Mexico Aromatic Solvents In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 66 Mexico Xylene In Solvents Market, By Type, 2021-2030 (Usd Million)
Table 67 Mexico Halogenated Solvents In Solvents Market, By Category, 2021-2030 (Usd Million)
Table 68 Mexico Solvents Market, By Source, 2021-2030 (Usd Million)
Table 69 Mexico Solvents Market, By Source, 2021-2030 (Kilo Tons)
Table 70 Mexico Solvents Market, By Application, 2021-2030 (Usd Million)
Table 71 Mexico Solvents Market, By Application, 2021-2030 (Kilo Tons)
List Of Figures
Figure 1 North America Solvents Market: Segmentation
Figure 2 North America Solvents Market: Data Triangulation
Figure 3 North America Solvents Market: Droc Analysis
Figure 4 North America Solvents Market: Regional Vs Country Market Analysis
Figure 5 North America Solvents Market: Company Research Analysis
Figure 6 North America Solvents Market: The Product Life Line Curve
Figure 7 North America Solvents Market: Multivariate Modelling
Figure 8 North America Solvents Market: Interview Demographics
Figure 9 North America Solvents Market: Dbmr Market Position Grid
Figure 10 North America Solvents Market: Market Application Coverage Grid
Figure 11 North America Solvents Market: The Market Challenge Matrix
Figure 12 North America Solvents Market: Segmentation
Figure 13 Growing Demand For Solvents In The Paints And Coatings Industry Is Expected To Drive The North America Solvents Market In The Forecast Period
Figure 14 The Oxygenated Solvents Segment Is Expected To Account For The Largest Share Of The North America Solvents Market In 2023 And 2030
Figure 15 Vendor Selection Criteria
Figure 16 Drivers, Restraints, Opportunities, And Challenges Of North America Solvents Market
Figure 17 North America Solvents Market: By Category, 2022
Figure 18 North America Solvents Market: By Source, 2022
Figure 19 North America Solvents Market: By Application, 2022
Figure 20 North America Solvents Market: Snapshot (2022)
Figure 21 North America Solvents Market: Company Share 2022 (%)