|10-02-2018 02:40 PM CET - Energy & Environment||
Solvent Market Analysis to 2025 - Top Companies Are Eastman Chemical Company, Solvay, Huntsman Corporation, BP, INEOS, Shell, Ashland, BASF, Arkema, Chevron Phillips Chemical Company, The Dow Chemical Company, ExxonMobil, Celanese
Press release from: Data Bridge Market Research
This report additionally studies the world solvent market standing, competition landscape, market share, rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's 5 Forces Analysis. The report additionally contains SWOT analysis for the solvent market by displaying what the market drivers and restrains square measure. The world Market accounted to USD 19.40 billion, growing at a CAGR of 8.0% throughout the forecast amount.
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Forecasting Global and Regional Analysis on Global Solvent Market, By Type (Ketones, Esters, Alcohols, Glycol Ethers, Aromatics, Aliphatics) By Application (Paints & Coatings, Agricultural Chemicals, Pharmaceuticals, Adhesives, Printing Inks, Metal Cleaning, Personal Care, Rubber & Polymer).
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,
· Celanese Corporation,
· Eastman Chemical Company,
· Solvay SA,
Others: 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.
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. 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.
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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
• High cost of green solvent production
Market Segmentation: Global Solvent Market
The solvent market is segmented on the basis of type into
· Glycol ethers
On the basis of application, the market is segmented into
· Paints & coatings
· Agricultural chemicals
· 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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