Global Solvents Market Growth 2024-2030

Global Solvents Market Growth 2024-2030

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.

The global Solvents market size is projected to grow from US$ 39600 million in 2023 to US$ 46370 million in 2030; it is expected to grow at a CAGR of 2.3% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Solvents Industry Forecast” looks at past sales and reviews total world Solvents sales in 2023, providing a comprehensive analysis by region and market sector of projected Solvents sales for 2024 through 2030. With Solvents sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solvents industry.

This Insight Report provides a comprehensive analysis of the global Solvents landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solvents portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solvents market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solvents and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 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.

This report presents a comprehensive overview, market shares, and growth opportunities of Solvents market by product type, application, key manufacturers and key regions and countries.

Segmentation by type
Oxygenated Solvents
Hydrocarbon Solvents

Segmentation by application
Paints & Coatings
Rubber & Polymer
Agricultural Chemicals
Printing Inks
Industrial Cleaning
Pharmaceuticals
Personal Care
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solvents market?

What factors are driving Solvents market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solvents market opportunities vary by end market size?

How does Solvents break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.