Growth in the personal care, home care and pharmaceuticals sectors is expected to drive the demand for solvents during the forecast period. While stringent regulatory environment regarding the use of conventional solvents is estimated to restrain the market growth.
The oxygenated solvents segment is led the solvents market during the forecast period, in terms of both, value and volume
By product type, oxygenated solvents led the solvents market in 2019, both in terms of both volume and value. This is due to their high solvency power and low toxicity. In addition, their usage in various applications, such as personal care, home care, paints & coatings, and chemical synthesis drive their demand globally.
The paints & coatings application was the largest application of solvents in 2019, in terms of both, value and volume
By application, the paints & coatings segment led the solvents market in 2019, in terms of both value and volume. This was due to the demand for construction chemicals which led to their increasing usage in the paints & coatings application. In addition, rapid growth in population, accompanied by the growing automotive industry across the globe, boosted the growth of solvents segment in the paints & coatings application. Also, the growth of the automotive, OEM, machinery, and appliances markets globally drove demand for this application segment during the forecast period globally. However, the market for solvents in paints & coatings segment witnessed negative growth from 2019 to 2020. This is owing to less demand for paints & coatings as construction and automotive sectors were hit hard due to COVID-19, thereby leading to its decline.
The APAC is projected to lead the solvents market between 2020 and 2025, in terms of both, value and volume
The solvents market has been studied for North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa. The APAC region is expected to lead the solvents market during the forecast period. It is also estimated to witness the highest CAGR during the forecast period. This is owing to the increasing demand from emerging economies, such as China and India. In addition, rapid industrialization and urbanization accompanied by the rising demand for personal care, and home care are expected to contribute to the growth of the solvents market in the region. Middle East & Africa is estimated to grow at the second-highest CAGR during the forecast period. The region accounts for half of the world’s oil reserves and 40% of the world’s gas reserves. This is driving the production of petrochemicals, which in turn, is expected to fuel the growth of the solvents market. Additionally, growth in building & construction activities and growing demand for automobiles are expected to drive the demand for solvents in the paints & coatings application, during the forecast period. Also, the personal care market is growing in the region, and, in turn, fueling the growth of the solvents market.
Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the solvents market. The breakdown of primary interviews has been depicted below:
- By Company Type: Tier 1 - 70%, Tier 2 - 20%, and Tier 3 - 10%
- By Designation: C-Level Executives - 25%, Directors - 35%, and Others - 40%
- By Region: APAC - 38%, North America - 33%, Europe - 14%, Middle East & Africa - 10%, and South America- 5%
The key players profiled in this report are Royal Dutch Shell Plc. (Netherlands), Eastman Chemical Company (US), BASF SE (Germany), ExxonMobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Global Holdings Inc. (US), Celanese Corporation (US), Huntsman Corporation (US), Solvay SA (Belgium), Honeywell International Inc. (US), and INEOS Group AG (UK) among others.
Research Coverage
This report segments the solvents market on the basis of source, product type, application, and region. It provides estimations for the overall value of the solvents market and its subsegments across various regions. A detailed analysis of key players in the solvents market has been conducted to provide insights into their businesses, products & services offered, key growth strategies adopted, and recent developments undertaken by them, such as expansions, acquisitions, agreements, joint ventures, and new product launches.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the grease market; high-growth regions; and market drivers, restraints, challenges and opportunities.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on solvents offered by top players in the global market
- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for solvents across regions
- Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global solvents market
- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the solvents market
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Solvents: Market Definition
1.3 Market Scope
Figure 1 Solvents Market Segmentation
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Solvents Market: Research Approach
2.1.2 Study Approach of Solvents Market
2.1.3 Secondary Data
2.1.3.1 Key Data from Secondary Sources
2.1.3.2 Key Sources for Secondary Research
2.1.4 Primary Data
2.1.4.1 Key Data from Primary Sources
2.1.4.2 Primary Interviews - Demand and Supply Side
2.1.4.3 Breakdown of Primary Interviews
2.2 Base Number Calculation
2.2.1 Supply-Side Approach
Figure 2 Market Size Estimation Methodology from Supply Side
2.2.2 Demand Side Approach
Figure 3 Market Size Estimation Methodology from Demand Side
2.3 Forecast Number Calculation
2.3.1 Supply Side
2.3.2 Demand Side
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Data Triangulation
Figure 4 Solvents Market: Data Triangulation
2.6 Assumptions
2.7 Factors Analysis
2.7.1 Solvents Market: Factors Impacting the Market
2.8 Limitations & Risks Associated with Solvents Market
3 Executive Summary
3.1 Solvents Market: Realistic, Pessimistic, Optimistic, and Pre-COVID-19 Scenario
3.1.1 Non-COVID-19 Scenario
3.1.2 Optimistic Scenario
3.1.3 Pessimistic Scenario
3.1.4 Realistic Scenario
Figure 5 Rising Demand for Oxygenated Solvents to Augment Market Growth
Figure 6 Paints & Coatings to be the Largest Application in Solvents Market
Figure 7 APAC Was the Largest Solvents Market in 2019
4 Premium Insights
4.1 Attractive Opportunities in the Solvents Market
Figure 8 Expected Increase in Demand for Personal Care and Printing Ink Application to Drive the Solvents Market Between 2020 and 2025
4.2 Solvents Market, by Region, 2020-2025
Figure 9 APAC to be the Largest Solvents Market During Forecast Period
4.3 Solvents Market in Apac, by Application and Country
Figure 10 China Was the Largest Solvents Market in APAC in 2019
4.4 Solvents Market, by Application
Figure 11 Paints & Coatings Was the Largest Application of Solvents
5 Market Overview
5.1 Introduction
5.2 History of Solvents
Figure 12 Evolution of Solvents
5.3 Market Dynamics of Conventional Solvents
Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Conventional Solvents Market
5.3.1 Drivers
5.3.1.1 High Demand for Conventional Solvents from Personal Care, Home Care, and Pharmaceutical Applications Amid COVID-19
5.3.2 Restraints
5.3.2.1 Industries Shifting Focus to Green Solvents
5.3.2.2 Stringent Regulatory Environment Regarding Use of Certain Conventional Solvents
5.3.3 Opportunities
5.3.3.1 Increase in Demand for Solvents from Paints & Coatings Sector
5.3.3.2 Emerging Trends in Bio-Derived Organic Solvents
5.3.4 Challenges
5.3.4.1 Harmful Effects of Conventional Solvents
5.3.4.2 Handling Issues of Flammable Solvents
5.4 Market Dynamics of Bio & Green Solvents
Figure 14 Drivers, Restraints, Opportunities, and Challenges in the Bio & Green Solvents Market
5.4.1 Drivers
5.4.1.1 Increasing Market Penetration
5.4.1.2 Environmental Regulations to Reduce Voc Emissions
5.4.2 Restraints
5.4.2.1 High Production Cost and Performance Issues
5.4.3 Opportunities
5.4.3.1 Focus of Federal Government on Bio-Based Products
5.4.3.2 Regions with Strict Regulations to Offer High Growth Potential
5.4.3.3 Extensive R&D on Bio & Green Solvents
5.4.4 Challenges
5.4.4.1 Limitations of Ionic Solvents, Deep Eutectic Solvents (Dess), and Supercritical Fluids
5.5 Porter's Five Forces Analysis: Conventional Solvents Market
Figure 15 Porter's Five Forces Analysis: Solvents Market
5.5.1 Threat of New Entrants
5.5.2 Threat of Substitutes
5.5.3 Bargaining Power of Buyers
5.5.4 Bargaining Power of Suppliers
5.5.5 Intensity of Competitive Rivalry
5.6 Average Selling Price
Table 1 Average Selling Price of Solvents, by Type, 2019 (Usd/Kg)
5.7 Macroeconomic Indicators
5.7.1 Gdp Trends and Forecast of Major Economies
Table 2 Real Gdp Growth Rate, by Major Economy, 2018-2025
5.7.2 Trends and Forecast of Automotive Sector and Its Impact on Solvents Market
Figure 16 Global Motor Vehicle Production, 2018-2019
5.7.3 Impact of COVID-19 on Automotive Industry
5.7.3.1 Customer's Most Impacted Regions
5.7.4 Impact of COVID-19 on Construction Industry and Its Impact of Solvents Market
Figure 17 Gdp Growth Rate, by Key Countries, 2020
5.8 Value Chain Analysis
Figure 18 Value Chain Analysis of Solvents
5.8.1 Raw Materials/Source of Raw Materials
5.8.2 Manufacturing
5.8.3 Final Product
5.8.4 Distribution
5.8.5 Application
5.9 Shift in Revenue Streams due to Megatrends in End-Use Industries
Figure 19 Solvents Market: Changing Revenue Mix
5.10 Connected Market: Ecosystem
Figure 20 Solvents Market: Ecosystem
5.11 Case Studies
Figure 21 Market Assessment of Toluene Solvent for APAC
Figure 22 Market Assessment of Aromatic Solvents for Europe
5.12 Patents Analysis
Table 3 Some of the Patents in the Solvents Market
5.13 Technology Analysis
6 Solvents Market, by Type
6.1 Introduction
Table 4 Some Polar and Non-Polar Solvents
Figure 23 Oxygenated Solvents to Dominate the Market During the Forecast Period
Table 5 Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 6 Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2 Oxygenated Solvents
6.2.1 Low-Voc Content of Oxygenated Solvents to Drive the Market
Figure 24 APAC to be the Largest Market for Oxygenated Solvents During the Forecast Period
Table 7 Oxygenated Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 8 Oxygenated Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 9 Oxygenated Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 10 Oxygenated Solvents Market Size, by Application, 2018-2025 (USD Million)
Table 11 Oxygenated Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 12 Oxygenated Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.2 Alcohols
Table 13 Alcohol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 14 Alcohol Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 15 Alcohol Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 16 Alcohol Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.2.1 Methanol
6.2.2.1.1 Rising Use in Chemical Manufacturing
Table 17 Methanol: General Properties
Table 18 Methanol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 19 Methanol Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.2.2 Propanol
Table 20 Propanol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 21 Propanol Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.2.2.1 Isopropanol
6.2.2.2.1.1 Used as Household Cleaners Apart from Pharmaceutical Uses
Table 22 IPA: General Properties
6.2.2.2.2 N-Propanol
6.2.2.2.2.1 Used as a Solvent in Printing Inks, Cosmetics, and Other Applications
Table 23 N-Propanol: General Properties
6.2.2.3 Ethanol
6.2.2.3.1 Most Widely Used Bio & Green Solvent
Table 24 Ethanol: General Properties
Table 25 Ethanol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 26 Ethanol Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.2.4 Butanol
Table 27 Butanol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 28 Butanol Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.2.4.1 Isobutanol
Table 29 Iso-Butanol: General Properties
6.2.2.4.2 N-Butanol
Table 30 N-Butanol: General Properties
6.2.3 Esters
6.2.3.1 Extensive Use in Fragrances, Cosmetics, and Personal Care, and as Processing Solvents
Table 31 Ester Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 32 Ester Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 33 Ester Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 34 Esters Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.3.2 Ethyl Acetate
6.2.3.2.1 Low Toxicity, Low Cost, and Pleasant Odor Likely to Drive the Market
Table 35 Ethyl Acetate: General Properties
Table 36 Ethyl Acetate Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 37 Ethyl Acetate Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.3.3 Butyl Acetate
6.2.3.3.1 Applications in Chemical, Pharmaceuticals, and Various Other Industries
Table 38 Butyl Acetate: General Properties
Table 39 Butyl Acetate Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 40 Butyl Acetate Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.4 Ketones
Table 41 Ketone Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 42 Ketone Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 43 Ketone Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 44 Ketone Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.4.1 Acetone
6.2.4.1.1 Growing Demand from Paper and Pharmaceutical Applications to Drive the Market
Table 45 Acetone: General Properties
Table 46 Acetone Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 47 Acetone Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.4.2 MEK
6.2.4.2.1 Use in Adhesives, Printing Inks, Magnetic Tapes, and as Lube Oil Dewaxing Agents
Table 48 MEK: General Properties
Table 49 MEK Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 50 MEK Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.4.3 MIBK
6.2.4.3.1 MIBK as Industrial Cleaners and Hard Surface Cleaners to Spur Demand
Table 51 MIBK: General Properties
Table 52 MIBK Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 53 MIBK Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.5 Glycol Ethers
Table 54 Glycol Ether Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 55 Glycol Ether Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 56 Glycol Ether Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 57 Glycol Ether Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.5.1 E-Series Glycol Ethers
6.2.5.1.1 Excellent Solvency, Chemical Stability, and Compatibility with Water to Boost the Market
Table 58 E-Series Glycol Ether Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 59 E-Series Glycol Ether Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.5.2 P-Series Glycol Ethers
6.2.5.2.1 Requirement of P-Series Glycol Ethers in Various Applications
Table 60 P-Series Glycol Ether Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 61 P-Series Glycol Ether Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.5.3 Butyl Glycol Ethers
6.2.5.3.1 Mainly Used in Cosmetics, Agricultural Chemicals, and Paints & Coatings
Table 62 Butyl Glycol Ether Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 63 Butyl Glycol Ether Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.6 Glycols
Table 64 Glycol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 65 Glycol Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 66 Glycol Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 67 Glycol Solvents Market Size, by Type, 2018-2025 (USD Million)
6.2.6.1 Propylene Glycol
6.2.6.1.1 Non-Toxic Nature of Propylene Glycol to Drive Its Demand
Table 68 Propylene Glycol: General Properties
Table 69 Propylene Glycol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 70 Propylene Glycol Solvents Market Size, by Region, 2018-2025(USD Million)
6.2.6.2 Ethylene Glycol
6.2.6.2.1 Meg is the Widely Used Ethylene Glycol Solvent
Table 71 Ethylene Glycol Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 72 Ethylene Glycol Solvents Market Size, by Region, 2018-2025 (USD Million)
6.2.6.2.2 MEG
Table 73 Monoethylene Glycol: General Properties
6.2.6.2.3 DEG
Table 74 Diethylene Glycol: General Properties
6.2.6.2.4 TEG
Table 75 Triethylene Glycol: General Properties
6.3 Hydrocarbon Solvents
Figure 25 APAC to be the Largest Market for Hydrocarbon Solvents
Table 76 Hydrocarbon Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 77 Hydrocarbon Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 78 Hydrocarbon Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 79 Hydrocarbon Solvents Market Size, by Application, 2018-2025 (USD Million)
Table 80 Hydrocarbon Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 81 Hydrocarbon Solvents Market Size, by Type, 2018-2025 (USD Million)
6.3.1 Aliphatic Solvents
6.3.1.1 Extensive Use of Pentane, Isopentane, Hexane, Cyclohexane, Octane in Various Applications
Table 82 Aliphatic Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 83 Aliphatic Solvents Market Size, by Region, 2018-2025 (USD Million)
6.3.2 Aromatic Solvents
Table 84 Aromatic Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 85 Aromatic Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 86 Aromatic Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 87 Aromatic Solvents Market Size, by Type, 2018-2025 (USD Million)
6.3.2.1 Toluene
6.3.2.1.1 Rising Vehicle Sales Likely to Drive the Market
Table 88 Toluene: General Properties
Table 89 Toluene Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 90 Toluene Solvents Market Size, by Region, 2018-2025 (USD Million)
6.3.2.2 Xylene
6.3.2.2.1 Increasing Uses of Xylene as an Industrial Solvent
Table 91 Xylene Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 92 Xylene Solvents Market Size, by Region, 2018-2025 (USD Million)
6.3.2.2.2 Para-Xylene
Table 93 Para-Xylene: General Properties
6.3.2.2.3 Mixed-Xylene
Table 94 Mixed-Xylene: General Properties
6.3.2.3 Ethylbenzene
6.3.2.3.1 Use of Ethylbenzene in Various Industries to Boost Its Demand
Table 95 Ethylbenzene: General Properties
Table 96 Ethylbenzene Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 97 Ethylbenzene Solvents Market Size, by Region, 2018-2025 (USD Million)
6.4 Halogenated Solvents
Figure 26 APAC to be the Largest Market for Halogenated Solvents During the Forecast Period
Table 98 Halogenated Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 99 Halogenated Solvents Market Size, by Region, 2018-2025 (USD Million)
Table 100 Halogenated Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 101 Halogenated Solvents Market Size, by Application, 2018-2025 (USD Million)
Table 102 Halogenated Solvents Market Size, by Type, 2018-2025 (Kiloton)
Table 103 Halogenated Solvents Market Size, by Type, 2018-2025 (USD Million)
6.4.1 Methylene Chloride
6.4.1.1 Use of Methylene Chloride in the Production of Pharmaceuticals, Chemicals, Polymers, and as an Extraction Solvent to Drive the Market
Table 104 Methylene Chloride: General Properties
Table 105 Methylene Chloride Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 106 Methylene Chloride Solvents Market Size, by Region, 2018-2025 (USD Million)
6.4.2 Trichloroethylene
6.4.2.1 Restriction on the Usage of Trichloroethylene in Europe and North America Leading to Its Less Demand
Table 107 Trichloroethylene: General Properties
Table 108 Trichloroethylene Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 109 Trichloroethylene Solvents Market Size, by Region, 2018-2025 (USD Million)
6.4.3 Perchloroethylene
6.4.3.1 Restrictions on the Usage of Perchloroethylene in Dry Cleaning Sector and Its High Toxicity to Impact the Market in Europe and North America
Table 110 Perchloroethylene: General Properties
Table 111 Perchloroethylene Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 112 Perchloroethylene Solvents Market Size, by Region, 2018-2025 (USD Million)
7 Solvents Market, by Application
7.1 Introduction
Figure 27 Paints & Coatings to be the Largest Application of Solvents During Forecast Period
Table 113 Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 114 Solvents Market Size, by Application, 2018-2025 (USD Million)
7.2 Paints & Coatings
7.2.1 Largest Application of Solvents
Figure 28 APAC to be the Largest Solvents Market in Paints & Coatings Application
Table 115 Solvents Market Size in Paints & Coatings Application, by Region, 2018-2025 (Kiloton)
Table 116 Solvents Market Size in Paints & Coatings Application, by Region, 2018-2025 (USD Million)
7.3 Pharmaceuticals
7.3.1 Solvents Help in Convenient Application of Drugs
Figure 29 North America to be the Largest Solvents Market in Pharmaceuticals Application
Table 117 Solvents Market Size in Pharmaceuticals Application, by Region, 2018-2025 (Kiloton)
Table 118 Solvents Market Size in Pharmaceuticals Application, by Region, 2018-2025 (USD Million)
7.4 Rubber & Polymer
7.4.1 Use of Solvents in Rubber & Polymer Manufacturing to Drive the Market
Figure 30 APAC to be the Largest Solvents Market in Rubber & Polymer Application
Table 119 Solvents Market Size in Rubber & Polymer Application, by Region, 2018-2025 (Kiloton)
Table 120 Solvents Market Size in Rubber & Polymer Application, by Region, 2018-2025 (USD Million)
7.5 Adhesives
7.5.1 Solvents Increase Viscosity of Applied Adhesive Films
Figure 31 APAC to be the Largest Solvents Market in Adhesives Application
Table 121 Solvents Market Size in Adhesives Application, by Region, 2018-2025 (Kiloton)
Table 122 Solvents Market Size in Adhesives Application, by Region, 2018-2025 (USD Million)
7.6 Printing Inks
7.6.1 Solvents Provide Wettability and Penetration in Inks
Figure 32 APAC to be the Largest Solvents Market in Printing Inks Application
Table 123 Solvents Market Size in Printing Inks Application, by Region, 2018-2025 (Kiloton)
Table 124 Solvents Market Size in Printing Inks Application, by Region, 2018-2025 (USD Million)
7.7 Metal Cleaning
7.7.1 Both Organic and Aqueous Solvents to Drive the Market in Metal Cleaning Application
Figure 33 APAC to be the Largest Solvents Market in Metal Cleaning Application
Table 125 Solvents Market Size in Metal Cleaning Application, by Region, 2018-2025 (Kiloton)
Table 126 Solvents Market Size in Metal Cleaning Application, by Region, 2018-2025 (USD Million)
7.8 Personal Care
7.8.1 Widely Used in Perfumes and Deodorants
Figure 34 APAC to be the Largest Solvents Market in Personal Care Application
Table 127 Solvents Market Size in Personal Care Application, by Region, 2018-2025 (Kiloton)
Table 128 Solvents Market Size in Personal Care Application, by Region, 2018-2025 (USD Million)
7.9 Agricultural Chemicals
7.9.1 Use of Solvents in Agricultural Chemicals for High Spraying Efficiency
Figure 35 APAC to be the Largest Solvents Market in Agricultural Chemicals Application
Table 129 Solvents Market Size in Agricultural Chemicals Application, by Region, 2018-2025 (Kiloton)
Table 130 Solvents Market Size in Agricultural Chemicals Application, by Region, 2018-2025 (USD Million)
7.10 Other Applications
Figure 36 APAC to be the Largest Solvents Market in Other Applications
Table 131 Solvents Market Size in Other Applications, by Region, 2018-2025 (Kiloton)
Table 132 Solvents Market Size in Other Applications, by Region, 2018-2025 (USD Million)
8 Solvents Market, by Region
8.1 Introduction
Figure 37 India to be the Fastest-Growing Solvents Market During the Forecast Period
Table 133 Solvents Market Size, by Region, 2018-2025 (Kiloton)
Table 134 Solvents Market Size, by Region, 2018-2025 (USD Million)
8.2 APAC
8.2.1 Impact of COVID-19 on Solvents Market in APAC
Figure 38 APAC: Solvents Market Snapshot
Table 135 APAC: Solvents Market Size, by Country, 2018-2025 (Kiloton)
Table 136 APAC: Solvents Market Size, by Country, 2018-2025 (USD Million)
Table 137 APAC: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 138 APAC: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.2.2 China
8.2.2.1 China to be the Largest Market for Solvents in APAC
Table 139 China: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 140 China: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.2.3 Japan
8.2.3.1 Large Construction Sector of Japan to be One of the Major Consumers of Solvents
Table 141 Japan: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 142 Japan: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.2.4 India
8.2.4.1 One of the Promising Markets for Solvents
Table 143 India: Solvents Market Size, 2018-2025
8.2.5 South Korea
8.2.5.1 Use of Solvents in Shipbuilding, Electronics, and Manufacturing Sectors
Table 144 South Korea: Solvents Market Size, 2018-2025
8.2.6 Indonesia
8.2.6.1 Lack of Centralized and Adequate Government Response to COVID-19 to Impact the Market
Table 145 Indonesia: Solvents Market Size, 2018-2025
8.2.7 Rest of APAC
Table 146 Rest of APAC: Solvents Market Size, 2018-2025
8.3 Europe
8.3.1 Impact of COVID-19 on Solvents Market in Europe
Figure 39 Europe: Solvents Market Snapshot
Table 147 Europe: Solvents Market Size, by Country, 2018-2025 (Kiloton)
Table 148 Europe: Solvents Market Size, by Country, 2018-2025 (USD Million)
Table 149 Europe: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 150 Europe: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.3.2 Germany
8.3.2.1 Germany to be the Largest Market During the Forecast Period
Table 151 Germany: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 152 Germany: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.3.3 France
8.3.3.1 The Growth in the Automotive and Aircraft Industries Drove the Market in 2019
Table 153 France: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 154 France: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.3.4 Italy
8.3.4.1 Italy to be the Third-Largest Market for Solvents in Europe
Table 155 Italy: Solvents Market Size, 2018-2025
8.3.5 UK
8.3.5.1 Strong Manufacturing Base in the UK to Drive the Market
Table 156 UK: Conventional Solvents Market Size, 2018-2025
8.3.6 Russia
8.3.6.1 Contraction of the Economy in 2020 due to COVID-19 to Impact the Market
Table 157 Russia: Solvents Market Size, 2018-2025
8.3.7 Belgium
8.3.7.1 Diversified Economy to Increase Demand for Solvents
Table 158 Belgium: Solvents Market Size, 2018-2025
8.3.8 Spain
8.3.8.1 Growth in the Pharmaceutical Sector to Drive the Market
Table 159 Spain: Solvents Market Size, 2018-2025
8.3.9 Rest of Europe
Table 160 Rest of Europe: Solvents Market Size, 2018-2025
8.4 North America
8.4.1 Impact of COVID-19 on Solvents Market in North America
Figure 40 North America: Solvents Market Snapshot
Table 161 North America: Solvents Market Size, by Country, 2018-2025 (Kiloton)
Table 162 North America: Solvents Market Size, by Country, 2018-2025 (USD Million)
Table 163 North America: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 164 North America: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.4.2 US
8.4.2.1 Presence of Key Players in the Country to Drive the Market
Table 165 US: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 166 US: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.4.3 Mexico
8.4.3.1 Cheap Cost of Production and Availability of Labor to Drive the Market
Table 167 Mexico: Solvents Market Size, 2018-2025
8.4.4 Canada
8.4.4.1 The Strong Oil & Gas Base in the Country to Drive the Market
Table 168 Canada: Solvents Market Size, 2018-2025
8.5 Middle East & Africa
8.5.1 Impact of COVID-19 on the Solvents Market in the Middle East & Africa
Table 169 Middle East & Africa: Solvents Market Size, by Country, 2018-2025 (Kiloton)
Table 170 Middle East & Africa: Solvents Market Size, by Country, 2018-2025 (USD Million)
Table 171 Middle East & Africa: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 172 Middle East & Africa: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.5.2 Turkey
8.5.2.1 Favorable Geographical Location and Well-Targeted Economic Policies to Support the Market
Table 173 Turkey: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 174 Turkey: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.5.3 Iran
8.5.3.1 The Increased Vehicle Production in the Country Drove the Market
Table 175 Iran: Solvents Market Size, 2018-2025
8.5.4 Saudi Arabia
8.5.4.1 Industrial Production and Economic Stimulus Package to Drive the Demand
Table 176 Saudi Arabia: Solvents Market Size, 2018-2025
8.5.5 South Africa
8.5.5.1 South Africa is the Worst-Hit Country in Africa due to COVID-19, and this is Likely to Impact the Market
Table 177 South Africa: Solvents Market Size, 2018-2025
8.5.6 Qatar
8.5.6.1 The Proven Oil & Gas Reserve to Drive the Market
Table 178 Qatar: Solvents Market Size, 2018-2025
8.5.7 Rest of Middle East & Africa
Table 179 Rest of Middle East & Africa: Solvents Market Size, 2018-2025
8.6 South America
8.6.1 Impact of COVID-19 on the Solvents Market in South America
Table 180 South America: Solvents Market Size, by Country, 2018-2025 (Kiloton)
Table 181 South America: Solvents Market Size, by Country, 2018-2025 (USD Million)
Table 182 South America: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 183 South America: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.6.2 Brazil
8.6.2.1 Growing Urbanization and Steps Taken by the Government to Contain COVID-19 Likely to Drive the Market
Table 184 Brazil: Solvents Market Size, by Application, 2018-2025 (Kiloton)
Table 185 Brazil: Solvents Market Size, by Application, 2018-2025 (USD Million)
8.6.3 Argentina
8.6.3.1 Increased Inflation, Overwhelming Debt, and Difficulty Accessing Credit to Impact the Market
Table 186 Argentina: Solvents Market Size, 2018-2025
8.6.4 Rest of South America
Table 187 Rest of South America: Solvents Market Size, 2018-2025
9 Competitive Landscape
9.1 Overview
9.2 Competitive Leadership Mapping, Tier 1 Companies
9.2.1 Star
9.2.2 Emerging Leaders
9.2.3 Pervasive
9.2.4 Participant
Figure 41 Solvents Market: Competitive Leadership Mapping, 2019
9.3 Strength of Product Portfolio
Figure 42 Product Portfolio Analysis of Top Players in Solvents Market
9.4 Business Strategy Excellence
Figure 43 Business Strategy Excellence of Top Players in Solvents Market
Figure 44 Expansions Was the Key Growth Strategy Adopted by Market Players Between 2012 and 2020
9.5 Competitive Leadership Mapping, 2019 (Small and Medium-Sized Enterprises)
9.5.1 Progressive Companies
9.5.2 Responsive Companies
9.5.3 Dynamic Companies
9.5.4 Starting Blocks
Figure 45 Solvents Market (Other Major Players): Competitive Leadership Mapping, 2019
9.6 Strength of Product Portfolio
Figure 46 Product Portfolio Analysis of Other Major Players in Solvents Market
9.7 Business Strategy Excellence
Figure 47 Business Strategy Excellence of Other Major Players in Solvents Market
9.8 Market Share Analysis
Figure 48 Market Share Analysis of Solvents Manufacturers, 2019
9.9 Competitive Situation & Trends
9.9.1 Expansion
Table 188 Expansion
9.9.2 New Product Launch
Table 189 New Product Launch
9.9.3 Acquisition
Table 190 Acquisition
9.9.4 Agreement
Table 191 Agreement
9.9.5 Joint Venture
Table 192 Joint Venture
10 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
10.1 Royal Dutch Shell plc
Figure 49 Royal Dutch Shell plc: Company Snapshot
10.2 BASF Se
Figure 50 BASF Se: Company Snapshot
10.3 Exxonmobil Corporation
Figure 51 Exxonmobil Corporation: Company Snapshot
10.4 Lyondellbasell Industries Holdings B.V.
Figure 52 Lyondellbasell Industries Holdings B.V.: Company Snapshot
10.5 Eastman Chemical Company
Figure 53 Eastman Chemical Company: Company Snapshot
10.6 Ashland Global Holdings Inc.
Figure 54 Ashland Global Holdings Inc.: Company Snapshot
10.7 Celanese Corporation
Figure 55 Celanese Corporation: Company Snapshot
10.8 Huntsman Corporation
Figure 56 Huntsman Corporation: Company Snapshot
10.9 Solvay SA
Figure 57 Solvay SA: Company Snapshot
10.10 Honeywell International Inc.
Figure 58 Honeywell International Inc.: Company Snapshot
10.11 Ineos AG
Figure 59 Ineos AG: Company Snapshot
10.12 Other Market Players
10.12.1 Arkema SA
10.12.2 Bharat Petroleum Corporation Limited
10.12.3 BP plc
10.12.4 Cargill Incorporated
10.12.5 Chevron Phillips Chemical Co.
10.12.6 The DOW Chemical Company
10.12.7 Flotek Industries Inc.
10.12.8 Invista Sarl
10.12.9 Monument Chemical Inc.
10.12.10 Olin Corporation
10.12.11 Reliance Industries Ltd. (RIL)
10.12.12 Top Solvent Co., Ltd.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies.
11 Adjacent & Related Markets
11.1 Introduction
11.2 Limitations
11.3 Metal Cleaning Chemicals Market
11.3.1 Market Definition
11.3.2 Market Overview
11.3.3 Metal Cleaning Chemicals Market, by Ingredient Type
Table 193 Metal Cleaning Chemicals Market Size, by Ingredient Type, 2018-2025 (Kiloton)
Table 194 Metal Cleaning Chemicals Market Size, by Ingredient Type, 2018-2025 (USD Million)
11.3.4 Metal Cleaning Chemicals Market, by Metal
Table 195 Metal Cleaning Chemicals Market Size, by Metal, 2018-2025 (Kiloton)
Table 196 Metal Cleaning Chemicals Market Size, by Metal, 2018-2025 (USD Million)
11.3.5 Metal Cleaning Chemicals Market, by Region
Table 197 Metal Cleaning Chemicals Market Size, by Region, 2018-2025 (Kiloton)
Table 198 Metal Cleaning Chemicals Market Size, by Region, 2018-2025 (USD Million)
11.4 Paints & Coatings Market
11.4.1 Market Definition
11.4.2 Market Overview
11.4.3 Paints & Coatings Market, by Resin Type
Table 199 Architectural Paints & Coatings Market Size, by Resin Type, 2016-2019 (Kiloton)
Table 200 Architectural Paints & Coatings Market Size, by Resin Type, 2020-2025 (Kiloton)
Table 201 Architectural Paints & Coatings Market Size, by Resin Type, 2016-2019 (USD Million)
Table 202 Architectural Paints & Coatings Market Size, by Resin Type, 2020-2025 (USD Million)
Table 203 Industrial Paints & Coatings Market Size, by Resin Type, 2016-2019 (Kiloton)
Table 204 Industrial Paints & Coatings Market Size, by Resin Type, 2020-2025 (Kiloton)
Table 205 Industrial Paints & Coatings Market Size, by Resin Type, 2016-2019 (USD Million)
Table 206 Industrial Paints & Coatings Market Size, by Resin Type, 2020-2025 (USD Million)
11.4.4 Paints & Coatings Market, by End-Use Industry
11.4.4.1 Architectural
11.4.4.1.1 Better Economic Growth and Higher Incomes are Boosting the Demand for Architectural Coatings
Table 207 Architectural Paints & Coatings Market Size, by End-Use Industry, 2016-2019 (Kiloton)
Table 208 Architectural Paints & Coatings Market Size, by End-Use Industry, 2020-2025 (Kiloton)
Table 209 Architectural Paints & Coatings Market Size, by End-Use Industry, 2016-2019 (USD Million)
Table 210 Architectural Paints & Coatings Market Size, by End-Use Industry, 2020-2025 (USD Million)
11.4.4.2 Industrial
11.4.4.2.1 Growing Demand from APAC to Boost the Industrial Coatings Market
Table 211 Industrial Paints & Coatings Market Size, by End-Use Industry, 2016-2019 (Kiloton)
Table 212 Industrial Paints & Coatings Market Size, by End-Use Industry, 2020-2025 (Kiloton)
Table 213 Industrial Paints & Coatings Market Size, by End-Use Industry, 2016-2019 (USD Million)
Table 214 Industrial Paints & Coatings Market Size, by End-Use Industry, 2020-2025 (USD Million)
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: The Subscription Portal
12.4 Available Customizations
Executive Summary
Companies Mentioned
- Arkema SA
- Ashland Global Holdings Inc.
- BASF Se
- Bharat Petroleum Corporation Limited
- BP plc
- Cargill Incorporated
- Celanese Corporation
- Chevron Phillips Chemical Co.
- Eastman Chemical Company
- Exxonmobil Corporation
- Flotek Industries Inc.
- Honeywell International Inc.
- Huntsman Corporation
- Ineos AG
- Invista Sarl
- Lyondellbasell Industries Holdings B.V.
- Monument Chemical Inc.
- Olin Corporation
- Reliance Industries Ltd. (RIL)
- Royal Dutch Shell plc
- Solvay SA
- The DOW Chemical Company
- Top Solvent Co., Ltd.
