A solvent is a substance capable of dissolving a solute which can be in a solid, liquid, or gaseous state to form a solution. Solvents are chemicals that melt, suspend, or extract other materials. Solvents can be of two types: Organic that contains carbon, and inorganic that does not contain carbon. Oxygenated, hydrocarbons, and halogenated are the common types of organic solvents.
During 2017, the paints and coatings segment accounted for the major shares of this market. Solvents help in dissolving and dispersing certain components in the formulation of paints such as pigments and resins which helps in maintaining the consistency of paints for applications. The ability of solvents to make paints more durable, decorative, and glossy in both indoor and outdoor applications will contribute to the growth of this market segment in the coming years.
This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2025. The increasing growth of the population in this region, growth in the automobile, construction industries, and cosmetic products will fuel the growth of the solvents market. Furthermore, the increasing income of the middle-class individuals accompanied by significant investments in the chemical industry will also contribute to the market’s growth in this region.
The global Solvents market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Solvents volume and value at global level, regional level and company level. From a global perspective, this report represents overall Solvents market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Solvents in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Solvents manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
BASF
Dow Chemical
Ashland
ExxonMobil
Huntsman
Arkema
LyondellBasell
BP
INEOS
Honeywell International
Solvay
Eastma Chemical
Chevron Phillips Chemical
Celanese
Top Solvent
BioAmber
Flotek Industries
Invista
Monument Chemical
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Green and Bio-Based Solvents
Conventional Solvents
Segment by Application
Paints and Coatings
Pharmaceuticals
Printing Inks
Adhesives
Cleaning Products
Other
Summary:
Get latest Market Research Reports on Solvents. Industry analysis & Market Report on Solvents is a syndicated market report, published as Global Solvents Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Solvents market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.