MARKET INTRODUCTION
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.
By Type
By Application
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.
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.
Solvents Market Report Analysis
Solvents Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- BASF SE
- Exxon Mobil Corporation
- Dow Chemical
- Maruzen Petrochemical Co.,Ltd.
- Shell Global
- Celanese Corporation
- Solvay S. A.
- INEOS
- Honeywell International Inc.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Type
- Alcohols
- Ketones
- Esters
- Glycol Ethers
- Aromatic
- Aliphatic
By Application
- Paints and Coatings
- Pharmaceutical
- Adhesives
- Printing Inks
- Food and Beverage
- Agriculture
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
Solvents Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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.
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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
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