Solvents Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	250 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19224326

Best Price Guarantee
Price	from $4,850
Length	250 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19224326

Solvents Market

Growth Factors of Solvents Market

The solvents market size was reached at a value of USD 49.42 billion in 2023, and the market is now projected to grow from USD 52.65 billion in 2024 to USD 87.41 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period of 2023-2032.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the solvents market growth. Due to lack of professional staff and huge number of covid cases, the preference shifted to treating covid patients as priority over the other procedures which led the market growth.

Growing need from the paint and coatings sector to accelerate the growth of the solvents market during forecast period. The increased demand from the paints & coatings sector is projected to fuel the market growth. Its cost-effectiveness, durability, and resistance to temperature make this product a top pick in the paint and coatings sector. Paints are heavily utilized to prevent globs or clumps and to give the required consistency in various applications. Furthermore, the adoption of paints and coatings will be aided by the growing demand for paints brought on by the building industry's explosive growth and the rapidly developing infrastructure in nations like China, India, and the US.

Rising demand for bio-based products over chemical-based products to fuel solvents market growth. Growing consumer preference for bio-solvents over chemical-based ones is one factor driving the market's expansion. Because they are organic, alcohols and glycol ethers are becoming increasingly popular. Cellulose, sugars, oils and fats, and agricultural products are the primary materials used in their creation. They also have non-toxic, carbon-neutral, and environmentally beneficial qualities. In addition, variables like increased pollution, rising VOC emissions, and stricter government regulations are creating potential prospects for bio-based goods. Many manufacturers are now compelled to produce bio-based products instead of chemical-based ones due to these concerns. Hence, the rising desire for bioproducts will flourish the market expansion in the following few of years.

Comprehensive Analysis of Solvents Market

The solvents market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by product type and by application. The product type segmentations include, Alcohols, Ketones, Esters, and Others, by Application segmentations Paints & Coatings, Printing Inks, Industrial Cleaning, Adhesives, and others.

The Asia Pacific region lead the solvents market by benefitting a market size of USD 20.07 billion in 2023 due to growing infrastructural development, growing paint and coatings industry demand, and innovation in bio-based product development.

The key industry players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These prominent market players include, Royal Dutch Shell Plc (The Netherlands), Eastman Chemical Company (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Ashland Global Holdings Inc. (U.S.), BASF SE (Germany), ExxonMobil Corporation (U.S.), Celanese Corporation (U.S.), Honeywell International Inc. (U.S.), INEOS Group AG (U.K.) and Gandhar Oil (India) these market players provide a level-playing competitive environment.

In April 2019, Braskem unveiled a novel solvent named as HE-70S, largely renewable and best suited for use in the furniture, footwear, and ceramic sectors fuel the market growth.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.0% from 2024 to 2032

Unit Value (USD Billion); Volume (Million Ton)

Segmentation By Product Type

Alcohols
Ketones
Esters
Others

By Application

Paints & Coatings
Printing Inks
Industrial Cleaning
Adhesives
Others

By Geography

North America (By Application, By Country)
U.S. (By Application)
Canada (By Application)
Mexico (By Application)
Europe (By Application, By Country)
Germany (By Application)
France (By Application)
U.K. (By Application)
Italy (By Application)
Spain (By Application)
Rest of Europe (By Application)
Asia Pacific (By Application, By Country)
China (By Application)
India (By Application)
Japan (By Application)
Southeast Asia (By Application)
Rest of Asia Pacific (By Application)
South America (By Application, By Country)
Brazil (By Application)
Argentina (By Application)
Rest of Latin America (By Application)
Middle East & Africa (By Application, By Country)
South Arabia (By Application)
UAE (By Application)
Rest of the Middle East & Africa (By Application)

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1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Countries; 4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.; 4.3. Latest Technological Advancement; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on the Market
5. Global Solvents Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. By Product Type (Value and Volume); 5.2.1. Alcohols; 5.2.2. Ketones; 5.2.3. Esters; 5.2.4. Others; 5.3. By Application (Value and Volume); 5.3.1. Paints & Coatings; 5.3.2. Printing Inks; 5.3.3. Industrial Cleaning; 5.3.4. Adhesives; 5.3.5. Others; 5.4. By Region (Value and Volume); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. South America; 5.4.5. Middle East & Africa
6. North America Solvents Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. By Product Type (Value and Volume); 6.2.1. Alcohols; 6.2.2. Ketones; 6.2.3. Esters; 6.2.4. Others; 6.3. By Application (Value and Volume); 6.3.1. Paints & Coatings; 6.3.2. Printing Inks; 6.3.3. Industrial Cleaning; 6.3.4. Adhesives; 6.3.5. Others; 6.4. By Country (Value and Volume); 6.4.1. U.S; 6.4.1.1. By Application (Value and Volume); 6.4.1.1.1. Paints & Coatings; 6.4.1.1.2. Printing Inks; 6.4.1.1.3. Industrial Cleaning; 6.4.1.1.4. Adhesives; 6.4.1.1.5. Others; 6.4.2. Canada; 6.4.2.1. By Application (Value and Volume); 6.4.2.1.1. Paints & Coatings; 6.4.2.1.2. Printing Inks; 6.4.2.1.3. Industrial Cleaning; 6.4.2.1.4. Adhesives; 6.4.2.1.5. Others; 6.4.3. Mexico; 6.4.3.1. By Application (Value and Volume); 6.4.3.1.1. Paints & Coatings; 6.4.3.1.2. Printing Inks; 6.4.3.1.3. Industrial Cleaning; 6.4.3.1.4. Adhesives; 6.4.3.1.5. Others
7. Europe Solvents Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. By Product Type (Value and Volume); 7.2.1. Alcohols; 7.2.2. Ketones; 7.2.3. Esters; 7.2.4. Others; 7.3. By Application (Value and Volume); 7.3.1. Paints & Coatings; 7.3.2. Printing Inks; 7.3.3. Industrial Cleaning; 7.3.4. Adhesives; 7.3.5. Others; 7.4. By Country (Value and Volume); 7.4.1. Germany; 7.4.1.1. By Application (Value and Volume); 7.4.1.1.1. Paints & Coatings; 7.4.1.1.2. Printing Inks; 7.4.1.1.3. Industrial Cleaning; 7.4.1.1.4. Adhesives; 7.4.1.1.5. Others; 7.4.2. U.K.; 7.4.2.1. By Application (Value and Volume); 7.4.2.1.1. Paints & Coatings; 7.4.2.1.2. Printing Inks; 7.4.2.1.3. Industrial Cleaning; 7.4.2.1.4. Adhesives; 7.4.2.1.5. Others; 7.4.3. France; 7.4.3.1. By Application (Value and Volume); 7.4.3.1.1. Paints & Coatings; 7.4.3.1.2. Printing Inks; 7.4.3.1.3. Industrial Cleaning; 7.4.3.1.4. Adhesives; 7.4.3.1.5. Others; 7.4.4. Italy; 7.4.4.1. By Application (Value and Volume); 7.4.4.1.1. Paints & Coatings; 7.4.4.1.2. Printing Inks; 7.4.4.1.3. Industrial Cleaning; 7.4.4.1.4. Adhesives; 7.4.4.1.5. Others; 7.4.5. Spain; 7.4.5.1. By Application (Value and Volume); 7.4.5.1.1. Paints & Coatings; 7.4.5.1.2. Printing Inks; 7.4.5.1.3. Industrial Cleaning; 7.4.5.1.4. Adhesives; 7.4.5.1.5. Others; 7.4.6. Rest of Europe; 7.4.6.1. By Application (Value and Volume); 7.4.6.1.1. Paints & Coatings; 7.4.6.1.2. Printing Inks; 7.4.6.1.3. Industrial Cleaning; 7.4.6.1.4. Adhesives; 7.4.6.1.5. Others
8. Asia-Pacific Solvents Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. By Product Type (Value and Volume); 8.2.1. Alcohols; 8.2.2. Ketones; 8.2.3. Esters; 8.2.4. Others; 8.3. By Application (Value and Volume); 8.3.1. Paints & Coatings; 8.3.2. Printing Inks; 8.3.3. Industrial Cleaning; 8.3.4. Adhesives; 8.3.5. Others; 8.4. By Country (Value and Volume); 8.4.1. China; 8.4.1.1. By Application (Value and Volume); 8.4.1.1.1. Paints & Coatings; 8.4.1.1.2. Printing Inks; 8.4.1.1.3. Industrial Cleaning; 8.4.1.1.4. Adhesives; 8.4.1.1.5. Others; 8.4.2. India; 8.4.2.1. By Application (Value and Volume); 8.4.2.1.1. Paints & Coatings; 8.4.2.1.2. Printing Inks; 8.4.2.1.3. Industrial Cleaning; 8.4.2.1.4. Adhesives; 8.4.2.1.5. Others; 8.4.3. Japan; 8.4.3.1. By Application (Value and Volume); 8.4.3.1.1. Paints & Coatings; 8.4.3.1.2. Printing Inks; 8.4.3.1.3. Industrial Cleaning; 8.4.3.1.4. Adhesives; 8.4.3.1.5. Others; 8.4.4. Southeast Asia; 8.4.4.1. By Application (Value and Volume); 8.4.4.1.1. Paints & Coatings; 8.4.4.1.2. Printing Inks; 8.4.4.1.3. Industrial Cleaning; 8.4.4.1.4. Adhesives; 8.4.4.1.5. Others; 8.4.5. Rest of Asia Pacific; 8.4.5.1. By Application (Value and Volume); 8.4.5.1.1. Paints & Coatings; 8.4.5.1.2. Printing Inks; 8.4.5.1.3. Industrial Cleaning; 8.4.5.1.4. Adhesives; 8.4.5.1.5. Others
9. South America Solvents Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. By Product Type (Value and Volume); 9.2.1. Alcohols; 9.2.2. Ketones; 9.2.3. Esters; 9.2.4. Others; 9.3. By Application (Value and Volume); 9.3.1. Paints & Coatings; 9.3.2. Printing Inks; 9.3.3. Industrial Cleaning; 9.3.4. Adhesives; 9.3.5. Others; 9.4. By Country (Value and Volume); 9.4.1. Brazil; 9.4.1.1. By Application (Value and Volume); 9.4.1.1.1. Paints & Coatings; 9.4.1.1.2. Printing Inks; 9.4.1.1.3. Industrial Cleaning; 9.4.1.1.4. Adhesives; 9.4.1.1.5. Others; 9.4.2. Argentina; 9.4.2.1. By Application (Value and Volume); 9.4.2.1.1. Paints & Coatings; 9.4.2.1.2. Printing Inks; 9.4.2.1.3. Industrial Cleaning; 9.4.2.1.4. Adhesives; 9.4.2.1.5. Others; 9.4.3. Rest of South America; 9.4.3.1. By Application (Value and Volume); 9.4.3.1.1. Paints & Coatings; 9.4.3.1.2. Printing Inks; 9.4.3.1.3. Industrial Cleaning; 9.4.3.1.4. Adhesives; 9.4.3.1.5. Others
10. Middle East & Africa Solvents Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. By Product Type (Value and Volume); 10.2.1. Alcohols; 10.2.2. Ketones; 10.2.3. Esters; 10.2.4. Others; 10.3. By Application (Value and Volume); 10.3.1. Paints & Coatings; 10.3.2. Printing Inks; 10.3.3. Industrial Cleaning; 10.3.4. Adhesives; 10.3.5. Others; 10.4. By Country (Value and Volume); 10.4.1. Saudi Arabia; 10.4.1.1. By Application (Value and Volume); 10.4.1.1.1. Paints & Coatings; 10.4.1.1.2. Printing Inks; 10.4.1.1.3. Industrial Cleaning; 10.4.1.1.4. Adhesives; 10.4.1.1.5. Others; 10.4.2. UAE; 10.4.2.1. By Application (Value and Volume); 10.4.2.1.1. Paints & Coatings; 10.4.2.1.2. Printing Inks; 10.4.2.1.3. Industrial Cleaning; 10.4.2.1.4. Adhesives; 10.4.2.1.5. Others; 10.4.3. Rest of Middle East & Africa; 10.4.3.1. By Application (Value and Volume); 10.4.3.1.1. Paints & Coatings; 10.4.3.1.2. Printing Inks; 10.4.3.1.3. Industrial Cleaning; 10.4.3.1.4. Adhesives; 10.4.3.1.5. Others
11. Competitive Landscape: 11.1. Market Share Analysis, By Key Companies; 11.2. Company Profiles; 11.2.1. Royal Dutch Shell Plc; 11.2.1.1. Overview; 11.2.1.2. Description; 11.2.1.3. Product Portfolio; 11.2.1.4. Financials (Data as available in public domain and/or on paid databases); 11.2.1.5. Recent Developments; 11.2.2. Eastman Chemical Company; 11.2.2.1. Overview; 11.2.2.2. Description; 11.2.2.3. Product Portfolio; 11.2.2.4. Financials (Data as available in public domain and/or on paid databases); 11.2.2.5. Recent Developments; 11.2.3. LyondellBasell Industries Holdings B.V.; 11.2.3.1. Overview; 11.2.3.2. Description; 11.2.3.3. Product Portfolio; 11.2.3.4. Financials (Data as available in public domain and/or on paid databases); 11.2.3.5. Recent Developments; 11.2.4. Ashland Global Holdings Inc.; 11.2.4.1. Overview; 11.2.4.2. Description; 11.2.4.3. Product Portfolio; 11.2.4.4. Financials (Data as available in public domain and/or on paid databases); 11.2.4.5. Recent Developments; 11.2.5. BASF SE; 11.2.5.1. Overview; 11.2.5.2. Description; 11.2.5.3. Product Portfolio; 11.2.5.4. Financials (Data as available in public domain and/or on paid databases); 11.2.5.5. Recent Developments; 11.2.6. ExxonMobil Corporation; 11.2.6.1. Overview; 11.2.6.2. Description; 11.2.6.3. Product Portfolio; 11.2.6.4. Financials (Data as available in public domain and/or on paid databases); 11.2.6.5. Recent Developments; 11.2.7. Celanese Corporation; 11.2.7.1. Overview; 11.2.7.2. Description; 11.2.7.3. Product Portfolio; 11.2.7.4. Financials (Data as available in public domain and/or on paid databases); 11.2.7.5. Recent Developments; 11.2.8. Honeywell International Inc.; 11.2.8.1. Overview; 11.2.8.2. Description; 11.2.8.3. Product Portfolio; 11.2.8.4. Financials (Data as available in public domain and/or on paid databases); 11.2.8.5. Recent Developments; 11.2.9. INEOS Group AG; 11.2.9.1. Overview; 11.2.9.2. Description; 11.2.9.3. Product Portfolio; 11.2.9.4. Financials (Data as available in public domain and/or on paid databases); 11.2.9.5. Recent Developments; 11.2.10. Gandhar Oil; 11.2.10.1. Overview; 11.2.10.2. Description; 11.2.10.3. Product Portfolio; 11.2.10.4. Financials (Data as available in public domain and/or on paid databases); 11.2.10.5. Recent Developments
12. Strategic Recommendations