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Solvents - Global Market Trajectory & Analytics

  • ID: 338537
  • Report
  • June 2020
  • Region: Global
  • 240 Pages
  • Global Industry Analysts, Inc
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Amid the COVID-19 crisis and the looming economic recession, the Solvents market worldwide will grow by a projected 5.5 Million Metric Tons, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.6%. Alcohols, one of the segments analyzed and sized in this study, is forecast to grow at over 4.1% and reach a market size of 13.5 Million Metric Tons by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Alcohols market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 3.3% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 308.4 Thousand Metric Tons to the region's size over the next 7 to 8 years. In addition, over 228.5 Thousand Metric Tons worth of projected demand in the region will come from Rest of European markets. In Japan, the Alcohols segment will reach a market size of 1.1 Million Metric Tons by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Solvents market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 2.4% over the next couple of years and add approximately 894.8 Thousand Metric Tons in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Solvents market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others are:
  • BASF SE
  • BioAmber, Inc.
  • BP p.l.c.
  • Celanese Corporation
  • Chevron Phillips Chemical Company LP
  • CITGO Petroleum Corporation
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Honeywell International, Inc.
  • Huntsman Corporation
  • INEOS Group Limited
  • LyondellBasell Industries N.V.
  • Occidental Chemical Corporation
  • Sasol Limited
  • Shell Chemicals Limited
  • Solvay S.A.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Recent Market Activity
A Prelude
Growing Popularity of Bio and Green Solvents
Market Prospects Intrinsically Linked to Economic Scenario
Stable Economic Outlook to Keep Market Sentiment Intact in the Immediate Term
Market Outlook
Asia-Pacific: The Most Important Market for Solvents
Global Competitor Market Shares
Solvents Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
Ashland Global Holdings Inc. (USA)
BASF SE (Germany)
BioAmber, Inc. (Canada)
BP p.l.c. (UK)
Celanese Corporation (USA)
Chevron Phillips Chemical Company LP (USA)
CITGO Petroleum Corporation (USA)
Eastman Chemical Company (USA)
Exxon Mobil Corporation (USA)
Honeywell International, Inc. (USA)
Huntsman Corporation (USA)
INEOS Group Limited (UK)
LyondellBasell Industries N.V. (The Netherlands)
Occidental Chemical Corporation (USA)
Sasol Limited (South Africa)
Shell Chemicals Limited (UK)
Solvay S.A. (Belgium)
The Dow Chemical Company (USA)
Union Carbide Corporation (USA)
Total S.A. (France)

3. MARKET TRENDS & DRIVERS
Green Solvents Set to Make Bigger Gains
Petrochemical-based Solvents vs Green Solvents: A Comparative Analysis
Environmental Regulations Spur Growth of Green Solvents
North America Leads in Bio Solvents for Oilfield Applications
Oxygenated Solvents - Green Credentials Drive Increased Consumption
Brief Overview of Select Oxygenated Solvents
Diacetone Alcohol (DAA)
Hexylene Glycol
Isophorone (IPHO)
Mesityl Oxide (MO)
Methylisobutylcarbinol (MIBC)
Methylisobutylketone (MIBK)
Trimethylcyclohexanone (TMCHONE)
Alcohols - the Largest and Fastest Growing Market
Dibasic Esters Gather Momentum
Methyl Ether Ketones Witness Demand Deceleration
Growing Demand for Acetates
Hydrocarbon and Chlorinated Solvents Demand on the Decline
Key Role of Solvents in a Plethora of Manufacturing & Processing Applications Keeps the Market Momentum Intact
Paints & Coatings: Major End-Use Sector for Solvents
Declining Use of Solvent-based Paints & Coatings Remains a Key Concern
Adhesives: A Conventional End-Use Application
Major End-Use Applications for Adhesives: A Snapshot
Industrial Cleaning: A Key Revenue Contributor
Electronic Cleaning Solvents - Banking on the Rise of Electronics Manufacturing
Household Cleaning Products Rely on Solvents for Effective Performance
Solvents Remain a Key Material in Pharmaceutical Preparation
Solvents: A Primary Material in Printing Ink Manufacturing
Application of Solvents in Printing Inks by Printing Process: A Snapshot
Rising Demand for Personal Care and Cosmetics Bodes Well for Market Growth
Solvents for Food Processing and Packaging
Use of Solvents Remains Important in Automobile Manufacturing and Assembly
Market to Benefit from Upward Trajectory in Automotive Production
Opportunity Indicators
Solvents & Solvent-containing Materials - Critical in Aircraft Construction
Metal Casting Industry Relies on Solvents for Smoother Process Operations
Solvents Induce Flexibility in Asphalt Compounding
Wood Preservation Made Easier with Solvents
Solvent Usage in Ground Transportation
Advanced Solvent Based Cleaning Systems Replace Aqueous Cleaning Systems
Trade Statistics
Organic Composite Solvents and Thinners, Prepared Paint or Varnish Removers
Waste Organic Solvents, Halogenated
Waste Organic Solvents, Non-Halogenated

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Solvents Global Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 2: Solvents Global Retrospective Market Scenario in Metric Tons by Region/Country: 2012-2019
TABLE 3: Solvents Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Alcohols (Product Segment) World Market by Region/Country in Metric Tons: 2020 to 2027
TABLE 5: Alcohols (Product Segment) Historic Market Analysis by Region/Country in Metric Tons: 2012 to 2019
TABLE 6: Alcohols (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Hydrocarbon Solvents (Product Segment) Potential Growth Markets Worldwide in Metric Tons: 2020 to 2027
TABLE 8: Hydrocarbon Solvents (Product Segment) Historic Market Perspective by Region/Country in Metric Tons: 2012 to 2019
TABLE 9: Hydrocarbon Solvents (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Esters (Product Segment) Geographic Market Spread Worldwide in Metric Tons: 2020 to 2027
TABLE 11: Esters (Product Segment) Region Wise Breakdown of Global Historic Demand in Metric Tons: 2012 to 2019
TABLE 12: Esters (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Ketones (Product Segment) World Market Estimates and Forecasts by Region/Country in Metric Tons: 2020 to 2027
TABLE 14: Ketones (Product Segment) Market Historic Review by Region/Country in Metric Tons: 2012 to 2019
TABLE 15: Ketones (Product Segment) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Chlorinated Solvents (Product Segment) World Market by Region/Country in Metric Tons: 2020 to 2027
TABLE 17: Chlorinated Solvents (Product Segment) Historic Market Analysis by Region/Country in Metric Tons: 2012 to 2019
TABLE 18: Chlorinated Solvents (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Ethers (Product Segment) World Market Estimates and Forecasts in Metric Tons by Region/Country: 2020 to 2027
TABLE 20: Ethers (Product Segment) Market Worldwide Historic Review by Region/Country in Metric Tons: 2012 to 2019
TABLE 21: Ethers (Product Segment) Market Percentage Share Distribution by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Solvents Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 22: United States Solvents Market Estimates and Projections in Metric Tons by Product Segment: 2020 to 2027
TABLE 23: Solvents Market in the United States by Product Segment: A Historic Review in Metric Tons for 2012-2019
TABLE 24: United States Solvents Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
CANADA
TABLE 25: Canadian Solvents Market Estimates and Forecasts in Metric Tons by Product Segment: 2020 to 2027
TABLE 26: Canadian Solvents Historic Market Review by Product Segment in Metric Tons: 2012-2019
TABLE 27: Solvents Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027
JAPAN
TABLE 28: Japanese Market for Solvents: Annual Sales Estimates and Projections in Metric Tons by Product Segment for the Period 2020-2027
TABLE 29: Solvents Market in Japan: Historic Sales Analysis in Metric Tons by Product Segment for the Period 2012-2019
TABLE 30: Japanese Solvents Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
CHINA
TABLE 31: Chinese Solvents Market Growth Prospects in Metric Tons by Product Segment for the Period 2020-2027
TABLE 32: Solvents Historic Market Analysis in China in Metric Tons by Product Segment: 2012-2019
TABLE 33: Chinese Solvents Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Solvents Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 34: European Solvents Market Demand Scenario in Metric Tons by Region/Country: 2020-2027
TABLE 35: Solvents Market in Europe: A Historic Market Perspective in Metric Tons by Region/Country for the Period 2012-2019
TABLE 36: European Solvents Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 37: European Solvents Market Estimates and Forecasts in Metric Tons by Product Segment: 2020-2027
TABLE 38: Solvents Market in Europe in Metric Tons by Product Segment: A Historic Review for the Period 2012-2019
TABLE 39: European Solvents Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
FRANCE
TABLE 40: Solvents Market in France by Product Segment: Estimates and Projections in Metric Tons for the Period 2020-2027
TABLE 41: French Solvents Historic Market Scenario in Metric Tons by Product Segment: 2012-2019
TABLE 42: French Solvents Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
GERMANY
TABLE 43: Solvents Market in Germany: Recent Past, Current and Future Analysis in Metric Tons by Product Segment for the Period 2020-2027
TABLE 44: German Solvents Historic Market Analysis in Metric Tons by Product Segment: 2012-2019
TABLE 45: German Solvents Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ITALY
TABLE 46: Italian Solvents Market Growth Prospects in Metric Tons by Product Segment for the Period 2020-2027
TABLE 47: Solvents Historic Market Analysis in Italy in Metric Tons by Product Segment: 2012-2019
TABLE 48: Italian Solvents Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 49: United Kingdom Market for Solvents: Annual Sales Estimates and Projections in Metric Tons by Product Segment for the Period 2020-2027
TABLE 50: Solvents Market in the United Kingdom: Historic Sales Analysis in Metric Tons by Product Segment for the Period 2012-2019
TABLE 51: United Kingdom Solvents Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 52: Rest of Europe Solvents Market Estimates and Forecasts in Metric Tons by Product Segment: 2020-2027
TABLE 53: Solvents Market in Rest of Europe in Metric Tons by Product Segment: A Historic Review for the Period 2012-2019
TABLE 54: Rest of Europe Solvents Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 55: Solvents Market in Asia-Pacific by Product Segment: Estimates and Projections in Metric Tons for the Period 2020-2027
TABLE 56: Asia-Pacific Solvents Historic Market Scenario in Metric Tons by Product Segment: 2012-2019
TABLE 57: Asia-Pacific Solvents Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027
REST OF WORLD
TABLE 58: Rest of World Solvents Market Estimates and Forecasts in Metric Tons by Product Segment: 2020 to 2027
TABLE 59: Rest of World Solvents Historic Market Review by Product Segment in Metric Tons: 2012-2019
TABLE 60: Solvents Market in Rest of World: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

IV. COMPETITION
Total Companies Profiled: 144
Note: Product cover images may vary from those shown
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