Global Organic Solvents Market 2024-2028
The organic solvents market is forecasted to grow by USD 4378.4 mn during 2023-2028, accelerating at a CAGR of 5.24% during the forecast period. The report on the organic solvents market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for durable and high-performance coatings, technological advancements in recovery and recycling processes of solvents, and acceptance of green and bio-based organic solvents among numerous end-user industries.
Technavio's organic solvents market is segmented as below:
By Type
- Aromatic hydrocarbons
- Aliphatic hydrocarbons
- Alcohols
- Ketones
- Others
By End-user
- Paints and Coatings
- Pharmaceuticals
- Adhesives
- Printing Inks
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rise of digitalization and automation in organic solvent manufacturing as one of the prime reasons driving the organic solvents market growth during the next few years. Also, growing use of aromatic solvents in end-user industries and upsurge in demand for low voc formulations will lead to sizable demand in the market.
The report on the organic solvents market covers the following areas:
- Organic solvents market sizing
- Organic solvents market forecast
- Organic solvents market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading organic solvents market vendors that include Albemarle Corp., Arkema SA, Ashland Inc., BASF SE, Celanese Corp., Central Drug House Pvt. Ltd., Clariant AG, Covestro AG, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., Honeywell International Inc., Huntsman Corp., INEOS AG, Johnson Matthey Plc, LyondellBasell Industries N.V., Sasol Ltd., Shell plc, Solvay SA, and Synthomer Plc. Also, the organic solvents market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.