Solvents Market Strategies and Share 2031
Solvent is a liquid in which solute is dissolved, resulting in a solution. Solvents are mostly in liquid state but can also be liquid or gaseous. Solvents are used for various purposes such as at industrial scale, laboratory, and research labs among others. Solvent work on a principle like dissolve like. Thus for a solvent to work it need to have similar characteristics as solute. The most common solvent is water and it is also known as universal solvent as it dissolves more substances than any other solvent. The market demand is fuelling owing to increasing demand from emerging economies, favourable government regulations for the use of bio-based solvents, and expansion of pharmaceutical industry is another driving factor of the market.
MARKET DYNAMICS
Solvent is increasingly being employed in paints and coatings, pharmaceutical, adhesives, printing inks, food and beverage among others. Rapid urbanization and growing demand for automobiles will drive the market revenue growth. Solvents are very versatile and can be produced or blended to meet very specific requirements. The growth in automotive, OEM, machinery are expected to drive the demand globally. Bio-based solvents are used in paints and coatings to dissolve binders and colors and provide consistency. However, covid-19 has impacted the construction industry in Asia Pacific which has affected the market demand for solvents in paints & coatings. The increasing petroleum production will also drive the market growth. Additionally, rapid growth in building & construction activities and demand for automobiles will fuel the market growth
MARKET SCOPE
The "Global Solvents Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the solvents market with detailed market segmentation by type, and application. The global solvents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading solvents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global welding materials market is segmented into type, and application. By type, the solvents market is classified into alcohols, ketones, esters, glycol ethers, aromatic and aliphatic. By application, the market is classified into paints and coatings, pharmaceutical, adhesives, printing inks, food and beverage, agriculture and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global solvents market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solvents market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. The report also provides porter's analysis.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global solvents market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the solvents market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i. e. , drivers, restraints, opportunities, and future trends. The report also provides porter's analysis.
MARKET PLAYERS
The report covers vital developments in the solvents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the solvents market are anticipated to witness lucrative growth opportunities in the future with the rising demand solvents in the global market. Below mentioned is the list of few companies engaged in the solvents market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the solvents market. Besides, the report focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last three years, the critical development in the past five years.
- BASF SE
- Exxon Mobil Corporation
- Dow Chemical
- Maruzen Petrochemicals Co. , Ltd.
- Shell Global
- Celanese Corporation
- Solvay S. A.
- INEOS
- Honeywell International Inc.
- Huntsman Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1. 1. SCOPE OF THE STUDY
1. 2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1. 3. MARKET SEGMENTATION
1. 3. 1 Solvents Market - By Type
1. 3. 2 Solvents Market - By Application
1. 3. 3 Solvents Market - By Region
1. 3. 3. 1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOLVENTS MARKET LANDSCAPE
4. 1. OVERVIEW
4. 2. PORTER'S FIVE FORCES ANALYSIS
4. 2. 1 Bargaining Power of Buyers
4. 2. 1 Bargaining Power of Suppliers
4. 2. 1 Threat of Substitute
4. 2. 1 Threat of New Entrants
4. 2. 1 Competitive Rivalry
4. 3. EXPERT OPINIONS
5. SOLVENTS MARKET - KEY MARKET DYNAMICS
5. 1. KEY MARKET DRIVERS
5. 2. KEY MARKET RESTRAINTS
5. 3. KEY MARKET OPPORTUNITIES
5. 4. FUTURE TRENDS
5. 5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6. 1. SOLVENTS - GLOBAL MARKET OVERVIEW
6. 2. SOLVENTS - GLOBAL MARKET AND FORECAST TO 2028
6. 3. MARKET POSITIONING
7. SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7. 1. OVERVIEW
7. 2. TYPE MARKET FORECASTS AND ANALYSIS
7. 3. ALCOHOLS
7. 3. 1. Overview
7. 3. 2. Alcohols Market Forecast and Analysis
7. 4. KETONES
7. 4. 1. Overview
7. 4. 2. Ketones Market Forecast and Analysis
7. 5. ESTERS
7. 5. 1. Overview
7. 5. 2. Esters Market Forecast and Analysis
7. 6. GLYCOL ETHERS
7. 6. 1. Overview
7. 6. 2. Glycol Ethers Market Forecast and Analysis
7. 7. AROMATIC
7. 7. 1. Overview
7. 7. 2. Aromatic Market Forecast and Analysis
7. 8. ALIPHATIC
7. 8. 1. Overview
7. 8. 2. Aliphatic Market Forecast and Analysis
8. SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8. 1. OVERVIEW
8. 2. APPLICATION MARKET FORECASTS AND ANALYSIS
8. 3. PAINTS AND COATINGS
8. 3. 1. Overview
8. 3. 2. Paints and Coatings Market Forecast and Analysis
8. 4. PHARMACEUTICAL
8. 4. 1. Overview
8. 4. 2. Pharmaceutical Market Forecast and Analysis
8. 5. ADHESIVES
8. 5. 1. Overview
8. 5. 2. Adhesives Market Forecast and Analysis
8. 6. PRINTING INKS
8. 6. 1. Overview
8. 6. 2. Printing Inks Market Forecast and Analysis
8. 7. FOOD AND BEVERAGE
8. 7. 1. Overview
8. 7. 2. Food and Beverage Market Forecast and Analysis
8. 8. AGRICULTURE
8. 8. 1. Overview
8. 8. 2. Agriculture Market Forecast and Analysis
8. 9. OTHERS
8. 9. 1. Overview
8. 9. 2. Others Market Forecast and Analysis
9. SOLVENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9. 1. NORTH AMERICA
9. 1. 1 North America Solvents Market Overview
9. 1. 2 North America Solvents Market Forecasts and Analysis
9. 1. 3 North America Solvents Market Forecasts and Analysis - By Type
9. 1. 4 North America Solvents Market Forecasts and Analysis - By Application
9. 1. 5 North America Solvents Market Forecasts and Analysis - By Countries
9. 1. 5. 1 United States Solvents Market
9. 1. 5. 1. 1 United States Solvents Market by Type
9. 1. 5. 1. 2 United States Solvents Market by Application
9. 1. 5. 2 Canada Solvents Market
9. 1. 5. 2. 1 Canada Solvents Market by Type
9. 1. 5. 2. 2 Canada Solvents Market by Application
9. 1. 5. 3 Mexico Solvents Market
9. 1. 5. 3. 1 Mexico Solvents Market by Type
9. 1. 5. 3. 2 Mexico Solvents Market by Application
9. 2. EUROPE
9. 2. 1 Europe Solvents Market Overview
9. 2. 2 Europe Solvents Market Forecasts and Analysis
9. 2. 3 Europe Solvents Market Forecasts and Analysis - By Type
9. 2. 4 Europe Solvents Market Forecasts and Analysis - By Application
9. 2. 5 Europe Solvents Market Forecasts and Analysis - By Countries
9. 2. 5. 1 Germany Solvents Market
9. 2. 5. 1. 1 Germany Solvents Market by Type
9. 2. 5. 1. 2 Germany Solvents Market by Application
9. 2. 5. 2 France Solvents Market
9. 2. 5. 2. 1 France Solvents Market by Type
9. 2. 5. 2. 2 France Solvents Market by Application
9. 2. 5. 3 Italy Solvents Market
9. 2. 5. 3. 1 Italy Solvents Market by Type
9. 2. 5. 3. 2 Italy Solvents Market by Application
9. 2. 5. 4 United Kingdom Solvents Market
9. 2. 5. 4. 1 United Kingdom Solvents Market by Type
9. 2. 5. 4. 2 United Kingdom Solvents Market by Application
9. 2. 5. 5 Russia Solvents Market
9. 2. 5. 5. 1 Russia Solvents Market by Type
9. 2. 5. 5. 2 Russia Solvents Market by Application
9. 2. 5. 6 Rest of Europe Solvents Market
9. 2. 5. 6. 1 Rest of Europe Solvents Market by Type
9. 2. 5. 6. 2 Rest of Europe Solvents Market by Application
9. 3. ASIA-PACIFIC
9. 3. 1 Asia-Pacific Solvents Market Overview
9. 3. 2 Asia-Pacific Solvents Market Forecasts and Analysis
9. 3. 3 Asia-Pacific Solvents Market Forecasts and Analysis - By Type
9. 3. 4 Asia-Pacific Solvents Market Forecasts and Analysis - By Application
9. 3. 5 Asia-Pacific Solvents Market Forecasts and Analysis - By Countries
9. 3. 5. 1 Australia Solvents Market
9. 3. 5. 1. 1 Australia Solvents Market by Type
9. 3. 5. 1. 2 Australia Solvents Market by Application
9. 3. 5. 2 China Solvents Market
9. 3. 5. 2. 1 China Solvents Market by Type
9. 3. 5. 2. 2 China Solvents Market by Application
9. 3. 5. 3 India Solvents Market
9. 3. 5. 3. 1 India Solvents Market by Type
9. 3. 5. 3. 2 India Solvents Market by Application
9. 3. 5. 4 Japan Solvents Market
9. 3. 5. 4. 1 Japan Solvents Market by Type
9. 3. 5. 4. 2 Japan Solvents Market by Application
9. 3. 5. 5 South Korea Solvents Market
9. 3. 5. 5. 1 South Korea Solvents Market by Type
9. 3. 5. 5. 2 South Korea Solvents Market by Application
9. 3. 5. 6 Rest of Asia-Pacific Solvents Market
9. 3. 5. 6. 1 Rest of Asia-Pacific Solvents Market by Type
9. 3. 5. 6. 2 Rest of Asia-Pacific Solvents Market by Application
9. 4. MIDDLE EAST AND AFRICA
9. 4. 1 Middle East and Africa Solvents Market Overview
9. 4. 2 Middle East and Africa Solvents Market Forecasts and Analysis
9. 4. 3 Middle East and Africa Solvents Market Forecasts and Analysis - By Type
9. 4. 4 Middle East and Africa Solvents Market Forecasts and Analysis - By Application
9. 4. 5 Middle East and Africa Solvents Market Forecasts and Analysis - By Countries
9. 4. 5. 1 South Africa Solvents Market
9. 4. 5. 1. 1 South Africa Solvents Market by Type
9. 4. 5. 1. 2 South Africa Solvents Market by Application
9. 4. 5. 2 Saudi Arabia Solvents Market
9. 4. 5. 2. 1 Saudi Arabia Solvents Market by Type
9. 4. 5. 2. 2 Saudi Arabia Solvents Market by Application
9. 4. 5. 3 U. A. E Solvents Market
9. 4. 5. 3. 1 U. A. E Solvents Market by Type
9. 4. 5. 3. 2 U. A. E Solvents Market by Application
9. 4. 5. 4 Rest of Middle East and Africa Solvents Market
9. 4. 5. 4. 1 Rest of Middle East and Africa Solvents Market by Type
9. 4. 5. 4. 2 Rest of Middle East and Africa Solvents Market by Application
9. 5. SOUTH AND CENTRAL AMERICA
9. 5. 1 South and Central America Solvents Market Overview
9. 5. 2 South and Central America Solvents Market Forecasts and Analysis
9. 5. 3 South and Central America Solvents Market Forecasts and Analysis - By Type
9. 5. 4 South and Central America Solvents Market Forecasts and Analysis - By Application
9. 5. 5 South and Central America Solvents Market Forecasts and Analysis - By Countries
9. 5. 5. 1 Brazil Solvents Market
9. 5. 5. 1. 1 Brazil Solvents Market by Type
9. 5. 5. 1. 2 Brazil Solvents Market by Application
9. 5. 5. 2 Argentina Solvents Market
9. 5. 5. 2. 1 Argentina Solvents Market by Type
9. 5. 5. 2. 2 Argentina Solvents Market by Application
9. 5. 5. 3 Rest of South and Central America Solvents Market
9. 5. 5. 3. 1 Rest of South and Central America Solvents Market by Type
9. 5. 5. 3. 2 Rest of South and Central America Solvents Market by Application
10. INDUSTRY LANDSCAPE
10. 1. MERGERS AND ACQUISITIONS
10. 2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10. 3. NEW PRODUCT LAUNCHES
10. 4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOLVENTS MARKET, KEY COMPANY PROFILES
11. 1. BASF SE
11. 1. 1. Key Facts
11. 1. 2. Business Description
11. 1. 3. Products and Services
11. 1. 4. Financial Overview
11. 1. 5. SWOT Analysis
11. 1. 6. Key Developments
11. 2. EXXON MOBIL CORPORATION
11. 2. 1. Key Facts
11. 2. 2. Business Description
11. 2. 3. Products and Services
11. 2. 4. Financial Overview
11. 2. 5. SWOT Analysis
11. 2. 6. Key Developments
11. 3. DOW CHEMICAL
11. 3. 1. Key Facts
11. 3. 2. Business Description
11. 3. 3. Products and Services
11. 3. 4. Financial Overview
11. 3. 5. SWOT Analysis
11. 3. 6. Key Developments
11. 4. MARUZEN PETROCHEMICAL CO. ,LTD.
11. 4. 1. Key Facts
11. 4. 2. Business Description
11. 4. 3. Products and Services
11. 4. 4. Financial Overview
11. 4. 5. SWOT Analysis
11. 4. 6. Key Developments
11. 5. SHELL GLOBAL
11. 5. 1. Key Facts
11. 5. 2. Business Description
11. 5. 3. Products and Services
11. 5. 4. Financial Overview
11. 5. 5. SWOT Analysis
11. 5. 6. Key Developments
11. 6. CELANESE CORPORATION
11. 6. 1. Key Facts
11. 6. 2. Business Description
11. 6. 3. Products and Services
11. 6. 4. Financial Overview
11. 6. 5. SWOT Analysis
11. 6. 6. Key Developments
11. 7. SOLVAY S. A.
11. 7. 1. Key Facts
11. 7. 2. Business Description
11. 7. 3. Products and Services
11. 7. 4. Financial Overview
11. 7. 5. SWOT Analysis
11. 7. 6. Key Developments
11. 8. INEOS
11. 8. 1. Key Facts
11. 8. 2. Business Description
11. 8. 3. Products and Services
11. 8. 4. Financial Overview
11. 8. 5. SWOT Analysis
11. 8. 6. Key Developments
11. 9. HONEYWELL INTERNATIONAL INC.
11. 9. 1. Key Facts
11. 9. 2. Business Description
11. 9. 3. Products and Services
11. 9. 4. Financial Overview
11. 9. 5. SWOT Analysis
11. 9. 6. Key Developments
11. 10. HUNTSMAN CORPORATION
11. 10. 1. Key Facts
11. 10. 2. Business Description
11. 10. 3. Products and Services
11. 10. 4. Financial Overview
11. 10. 5. SWOT Analysis
11. 10. 6. Key Developments
12. APPENDIX
12. 1. ABOUT THE INSIGHT PARTNERS
12. 2. GLOSSARY OF TERMS
The List Of Companies
- BASF SE
- Exxon Mobil Corporation
- Dow Chemical
- Maruzen Petrochemical Co. ,Ltd.
- Shell Global
- Celanese Corporation
- Solvay S. A.
- INEOS
- Honeywell International Inc.
- Huntsman Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For