Celanese Corporation, Dow Chemical Company, Exxon Mobil Corporation, Maruzen Petrochemical, Shell Chemical, Sasol Solvents, Solvay Chemicals, Are some Key Player in Global Solvents Market.

The expanding database of Market Research Reports Search Engine (MRRSE) has been recently updated by the addition of a new study which is titled as “Global Solvents Market Trends & Growth Projections Studied during 2019 – 2022”. The fact based research report on global Solvents Market covers various aspects such as trends, drivers, challenges and opportunities that have an influence on the growth and expansion of the global market. All these factors are analysed across key regions of Latin America, North America, Europe, Middle and Africa (MEA) and Asia Pacific. In order to provide an accurate forecast, analysts have presented the current market, which forms the basis on how the metal caps and closures market is expected to develop in the future.

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Propelled by the spurt in construction activities across developing economies in Asia Pacific, the solvents market is expected to prosper significantly in the coming years. The accelerated infrastructural and residential development, especially in emerging countries, has manifested into increasing demand for solvents. 

To present an analytical overview, the report segments the global solvents market into ester solvents, alcohol-based solvents, hydrocarbon solvents, chlorinated solvents, ketone solvents, and others in terms of product types. Alcohol-based solvents led the market in 2019, with a 29.7% share in terms of volume. Hydrocarbon-based solvents, meanwhile, are projected to lose market share to other product segments in the market till 2022. The types of solvents encompassed within the others segment, such as bio based solvents, are likely to witness rapid growth during the forecast period owing to their eco-friendly attributes. 

The report evaluates the primary growth drivers and potential restraints of the global solvents market. The report also identifies the prospective growth opportunities for players in the industry to capitalize on. To study the prevailing competitiveness in the market, the report has profiled the leading players in the market. This helps provide a 360-degree view of the global solvents market.

The report forecasts the global solvents market to reach an estimated value of US$29.28 billion by 2022, exhibiting a positive 3.2% CAGR. In 2018, the market was worth US$22.79 billion. The size of the market, in terms of volume, is expected to reach 21,530.8 kilo tons in 2022. 

Dynamic growth of the automobile and construction industries in emerging Asia Pacific economies such as India, Russia, and China, coupled with industrial expansion registered in Brazil, will boost the global solvents market. These economies boast robust growth in residential and commercial projects, which, according to the report, will inevitably spur the demand for solvents globally. The increased demand for paints and coatings due to rapid industrialization witnessed in these economies will also significantly contribute to the expanding solvents market.

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The solvents market in Europe and North America is forecast to achieve moderate growth in the forecast period, since these markets have already reached saturation. Asia Pacific dominated the global solvents market with a 40% share in 2019. The region, according to the report, will continue its dominance as the undisputed market leader owing to the robust economic development exhibited by India and China. The solvents market in the U.S. meanwhile, will suffer a major backlash owing to stringent government regulations curtailing the incessant production and use of solvents, which has resulted in environmental hazards. The U.S. and Canada comprise the largest markets for solvents in North America.

 The report profiles some of the leading companies in the market, such as Celanese Corporation, Maruzen Petrochemical, Dow Chemical Company, Sasol Solvents, BASF SE, Exxon Mobil Corporation, Shell Chemical, and Solvay Chemicals. 

Major geographies analyzed under this research report are: 

Europe
North America 
Asia-Pacific 
Rest of the World 
This report gives you access to decisive data such as:

Market growth drivers 
Factors limiting market growth
Current market trends 
Market structure
Market projections for the coming years 
Key highlights of this report

Overview of key market forces propelling and restraining market growth 
Up-to-date analyses of market trends and technological improvements 
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors 
An array of graphics and SWOT analysis of major industry segments 
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis 
Offers a clear understanding of the competitive landscape and key product segments

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