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Solvent Market - Forecast (2020 - 2025)

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  • 108 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3920043
Solvents Market Overview

Solvents refer to a class of chemical compounds. They are used to dissolve and extract other substances to form a solution. Water is known as a universal solvent as it dissolves more substances than any other solvent. Solvents are mostly available in liquid form and also exist in gas or solid form. With the infrastructure industry growing with a moderate growth rate in recent years, the demand for solvents is also growing simultaneously. The global solvent market was valued at $30.06 billion in 2020 and is anticipated to witness an upsurge during the forecast period.

Solvents Market Outlook

The fastest growth rate till 2025 in the solvent market is projected to come from end-users such as paints and coatings and pharmaceuticals. Apart from the needs and requirements of the end-users, the market is also directed and shaped by the innovation in materials and the collaborative efforts of the industry stakeholders to offer products with enhanced functionalities. The demand for solvents in the U.S. is projected to show a moderate growth per year through 2025

Solvents Market Growth Drivers

Owing to the high-income levels in developing countries such as China, South Africa, India and Brazil, there has been growth in various end-user industries such as pharmaceutical, construction, and automotive. The increase in the use of bio-based solvents is another factor that is driving the market growth

Solvents Market Challenges

Solvents are widely used in industrial processes and academic research. The volume of these materials released into the environment is extremely concerning as these solvents cause harm to animals and plants. Thus, several government bodies and environmental agencies have set up stringent regulations to limit the emissions of volatile organic compounds from various manufacturing and non-manufacturing industries, which in turn is hindering the growth of the solvent market.

Solvents Market Research Scope

The base year of the study is 2020, with a forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Solvents market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of Solvents, and their specific applications in end-user industries.

Solvents Report: Industry Coverage

  • Solvents Market by source: Natural and derived sources

  • Solvents Market by type: Organic, and Inorganic

  • Solvents Market by end user: paints and coatings, pharmaceutical, Adhesives, Printing Inks, Cosmetics, Food and Beverage, Agricultural, Industrial Cleaning, Oil and Gas, Chemical and others

The Solvents Market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.

The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico

  • Europe: The U.K., Germany, France, Russia, Italy, Spain, Rest of Europe

  • APAC: China, Japan, Australia, South Korea, India, Rest of APAC

  • Rest of the World: Middle East and Africa, South America, South America

Solvents Market Key Players Perspective

Royal Dutch Shell Plc, Exxon Mobil Corporation, Hanwha Total petrochemical, BASF SE, and Celanese Corporation are the major players in this market.

Solvents Market Trends

The recent acquisition of BG Group by Royal Dutch Shell has enabled the latter to grab the coveted spot as the largest public traded company in the world. Exxon Mobil Corp. is another major player in the solvents market with a wide range of product offerings that enable solvents product manufacturers to cater to various industries.

Table of Contents

1. Solvents Market – Market Overview
1.1. Definitions and Scope
2. Solvents Market – Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Solvents Market – Market Landscape
3.1. Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis
4. Solvents Market – Startup Companies Scenario
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Solvents Market – Market Forces
5.1. Drivers
5.2. Constraints
5.3. Challenges
5.4. Porters five force model
5.4.1. Bargaining power of suppliers
5.4.2. Bargaining powers of customers
5.4.3. Threat of new entrants
5.4.4. Rivalry among existing players
5.4.5. Threat of substitutes
6. Solvents Market – Strategic Analysis
6.1. Value chain analysis
6.2. Opportunities analysis
6.3. Product life cycle
6.4. Suppliers and distributors Market Share
7. Solvents Market – By Source
7.1. Market Size and Market Share Analysis
7.2. Application Revenue and Trend Research
7.3. Product Segment Analysis
7.3.1. Introduction
7.3.2. Natural Sources
7.3.3. Derived Sources Petroleum Sources Synthetic Sources
7.3.4. Others
8. Solvents Market – By Type
8.1. Introduction
8.2. Organic Solvents
8.2.1. Hydrocarbon solvents Aliphatic Aromatic Others
8.2.2. Oxygenated solvents Alcohols Ketones Aldehydes Glycol ethers Esters Others
8.2.3. Halogenated solvents Chlorinated Brominated Others
8.2.4. Others
8.3. Inorganic Solvents
8.3.1. Water
8.3.2. Liquid Ammonia
8.3.3. Sulfuryl Chloride Fluoride
8.3.4. Others
9. Solvents Market – By End User Industry
9.1. Segment type Size and Market Share Analysis
9.2. Application Revenue and Trends by type of Application
9.3. Application Segment Analysis by Type
9.3.1. Introduction
9.3.2. Pharmaceuticals
9.3.3. Food and Beverage
9.3.4. Agricultural
9.3.5. Automotive
9.3.6. Industrial Cleaning
9.3.7. Oil and Gas
9.3.8. Chemical
9.3.9. Others
10. Solvents Market – By Geography
10.1. Solvents Market - North America Segment Research
10.2. North America Market Research
10.2.1. Segment type Size and Market Size Analysis
10.2.2. Revenue and Trends
10.2.3. Application Revenue and Trends by type of Application
10.2.4. Company Revenue and Product Analysis
10.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
10.3. Solvents Market - South America Segment Research
10.4. South America Market Research
10.4.1. Segment type Size and Market Size Analysis
10.4.2. Revenue and Trends
10.4.3. Application Revenue and Trends by type of Application
10.4.4. Company Revenue and Product Analysis
10.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
10.5. Solvents Market – Europe Segment Research
10.6. Europe Market Research
10.6.1. Segment type Size and Market Size Analysis
10.6.2. Revenue and Trends
10.6.3. Application Revenue and Trends by type of Application
10.6.4. Company Revenue and Product Analysis
10.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
10.7. Solvents Market – APAC Segment Research
10.8. APAC Market Research (Market Size -$Million / $Billion)
10.8.1. Segment type Size and Market Size Analysis
10.8.2. Revenue and Trends
10.8.3. Application Revenue and Trends by type of Application
10.8.4. Company Revenue and Product Analysis
10.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
11. Solvents Market – Market Entropy
11.1. New product launches
11.2. M&A's, collaborations, JVs and partnerships
12. Solvents Market – Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. BASF SE (Germany)
12.3. The DOW Chemical Company (U.S.)
12.4. Celanese Corporation (U.S.)
12.5. Exxon Mobil Corporation (U.S.)
12.6. Honeywell International Inc. (U.S.)
13. Solvents Market – Appendix
13.1. Abbreviations
13.2. Sources
14. Solvents Market – Market Methodology
14.1. Research Methodology
14.1.1. Company Expert Interviews
14.1.2. Industry Databases
14.1.3. Associations
14.1.4. Company News
14.1.5. Company Annual Reports
14.1.6. Application Trends
14.1.7. New Products and Product database
14.1.8. Company Transcripts
14.1.9. R&D Trends
14.1.10. Key Opinion Leaders Interviews
14.1.11. Supply and Demand Trends