With Solvents market research report, best market opportunities are put forth along with the well-ordered information to accomplish growth in the market. This report is very helpful to all sizes of business which makes it simpler to take informed decisions in providing different aspect of Solvents industry. Moreover, estimation of strategic options, suggestions of winning action plans and support to make critical bottom-line decisions is also provided by experienced and innovative industry experts. The market data analysed in the world class Solvents market report makes achieve the business goal and objective in predetermined time frame.
The large scale Solvents report highlights current and future market trends and carries out analysis of the effect of buyers, substitutes, new entrants, competitors, and suppliers on the market. The key research methodology that has been employed here by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. The report gives estimations on the market status, growth rate, future trends, market drivers, opportunities, challenges, entry barriers, risks, sales channels, and distributors. The universal Solvents market report includes all the company profiles of the major market players and brands.
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The global solvents market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 42,627.99 million by 2030. The major factor driving the growth of the solvents market is the rising usage of printing inks for different industrial applications and positive outlook toward beauty & personal care products industry.
Solvents are low-molecular-weight fluorinated synthetic fluids. They are non-toxic and non-flammable in their natural state. A solvent can be utilized in severe temperatures ranging from 80°C to 200°C. Their molecular structure might be linear, branched, or a combination of both, depending on the application. Solvents have various properties such as temperature resistance, lubricity, wear resistance, and fluid volatility.
The global solvents market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
Market Definition
Solvents are typically liquid substances with the capacity to dissolve or distribute a wide range of compounds, including solid, liquid, and gaseous substances. They are widely used in a variety of industries, including chemicals, pharmaceuticals, paints and coatings, adhesives, cleaning products, and many more. The market for solvents includes a variety of solvent types, such as hydrocarbons, oxygenated solvents, halogenated solvents, and other specialized solvents.
OPPORTUNITIES
- Shifting the focus of manufacturers toward eco-friendly solvents
In recent years, there has been a significant shift of end-users towards environmentally friendly solvents which are also called bio-solvents or green solvents. Most of these solvents are derived from the processing of agricultural crops. As the solvents derived from petrochemicals contribute to the emissions of volatile organic compounds, they have serious side effects on the environment. These solvents are non-carcinogenic and non-corrosive which makes them safe to handle and reduces risks for workers.Â
Solvents Market Scope
The solvents market is categorized based on category, source, and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Category
- Oxygenated Solvents
- Hydrocarbon Solvents
- Halogenated Solvents
- Others
On the basis of category, the market is segmented into oxygenated solvents, hydrocarbon solvents, halogenated solvents, others.
Source
- Conventional
- Bio-based
On the basis of source, the market is segmented into conventional and bio-based.
Application
- Paints and Coatings
- Pharmaceuticals
- Adhesives
- Printing Inks
- Personal Care
- Polymer Manufacturing
- Agricultural Chemicals
- Metal Cleaning
- Others
On the basis of application, the market is segmented into paints and coatings, pharmaceuticals, adhesives, printing inks, personal care, polymer manufacturing, agricultural chemicals, metal cleaning, others.
Global Solvents Market Share Analysis
The global solvents market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the global solvents market.
Some of the prominent participants operating in the global solvents market are Arkema (France), INVISTA ( A Subsidiary of Koch Industries, Inc.)(USA), Ashland (USA), Bharat Petroleum Corporation Limited (India), Huntsman International LLC (USA), Solvay (Belgium), ADM (USA), Shell Global (Netherlands), BP p.l.c. (UK), Eastman Chemical Company (USA), INEOS GROUP HOLDINGS S.A.(UK), BASF SE (Germany), Celanese Corporation (USA), Cargill, Incorporated (USA), Reliance Industries Limited (India), Honeywell International Inc. (USA), LyondellBasell Industries Holding B.V. (Netherlands), Exxon Mobil Corporation (USA), Monument Chemical (USA), Dow (USA), Olin Corporation (USA) among others.
Solvents Market Regional Analysis/Insights
The solvents market is segmented on the basis of category, source, and application.
The countries in the solvents market are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, Netherlands, U.K., Russia, Spain, Turkey, Switzerland, Belgium, Rest of Europe, China, India, Japan, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Rest of Asia-Pacific South Africa, Saudi Arabia, Egypt, United Arab Emirates, Israel, Rest of Middle East and Africa. Â Â Â
Asia-Pacific is dominating the global solvents market in terms of market share and market revenue. China is dominating due to the growing demand for solvents in the paints and coatings industry. Additionally, rising usage of printing inks in different industrial applications also contribute in the market growth. The U.S. dominates the market due to rising usage of printing inks in different industrial applications. Germany is dominating due to increasing awareness about personal grooming and demand for beauty and wellness products. Additionally, evolving beauty trends and changing consumer preference also contribute in the market growth.
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