Solvent Market survey in 2018 With Players Like Shell, Huntsman Corporation, Ashland, BASF, ExxonMobil, Celanese

The Solvent Market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the Solvent Market forecast period is 2018 to 2025. Solvents once used can be discarded, reused or recycled in an eco-friendly manner. Major players Solvent Industry have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in Market.

The Global Solvent Market accounted for USD 19.40 billion in 2016 and is projected to grow at a CAGR of 8.0% during the forecast period of 2018 to 2025. There is a growing demand for solvent in paints & coatings, agricultural chemicals, pharmaceuticals, adhesives, printing inks, metal cleaning, personal care and rubber & polymer industrial activities which is expected to be one of the major drivers of the market over the next seven years.

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Market Segmentation: Global Solvent Market

The solvent market is segmented on the basis of type into ketones, esters, alcohols, glycol ethers, aromatics and aliphatics.

On the basis of application, the market is segmented into paints & coatings, agricultural chemicals, pharmaceuticals, adhesives, printing inks, metal cleaning, personal care, rubber & polymer and other.

On the basis of geography, the solvent market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Major Market Drivers:
• Declining crude oil prices
• Increasing environmental and regulatory pressures and concerns over toxicity to human
• Growth in the construction and automotive sector

Market Restraint:
• High cost of green solvent production

Major Market Competitors: Global Solvent Market
The global solvent market is fragmented with the presence of a large number of players across different regions. Some of the major players in solvent market include

• Royal Dutch Shell PLC,
• Lyondellbasell Industries Holdings B.V.,
• Huntsman Corporation,
• Ashland Global Holdings Inc.,
• BASF SE,
• Exxonmobil Corporation,

Other: Celanese Corporation, Eastman Chemical Company, Solvay SA, Honeywell International Inc., Ineos AG, Arkema SA, BP PLC, Cargill Incorporated, Chevron Phillips Chemical Co., DOW Chemical Company, Flotek Industries Inc., Invista Sarl, Monument Chemical Inc., Olin Corporation, Top Solvent Co., Ltd. and many more.

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