openPR Logo
Press release

By 2024, Industrial Solvents Market to reach $35 bn | Global Key Players are Sigma-Aldrich, Total, LyondellBasell, INEOS, Sasol, LG Chem, Cargill, Solvay, Corbion, Celanese, DowDupont, Shell, BASF, Arkema, ExxonMobil, BP

Industrial Solvents Market

Industrial Solvents Market

U.S. industrial solvents market may witness growth at about 2.5% over the forecast period. Growing consumer spending towards skincare products as they enhance functionality, texture and sensorial attributes in skin which will stimulate the regional product demand. Superior moisturizing properties of the product aids to keep the skin hydrated and makes it an additive for restorative creams, thus propelling product demand.

Germany industrial solvents market share is anticipated to exceed USD 5 billion by the end of forecast timeframe. Increasing adhesives demand in automotive application as they are used to reduce overheating and friction in engines which is likely to drive the regional growth. They are easy to spread and have no corrosive qualities which can be used on any material without a chemical reaction, thereby increasing product demand in automotive application.

Request for a sample of this research report @

India oxygenated solvents market demand from agrochemical applications may register steady growth at around 3% over the predicted timeframe. These products are used in agricultural chemicals which promotes slow, more uniform drying to provide adequate penetration and high spraying efficiency, which may accelerate the industrial solvents market size over the projected timeframe.

Brazil green solvents market size is anticipated to exceed USD 300 million by 2024. The replacement of bio ethanol for gasoline in cars and light weight vehicles may stimulate the industrial solvents market revenue. Technological advancement, which includes more efficient production and processing of sugarcane are the key driving factors for the availability of these products at low price. Moreover, the combustion of ethanol adds nearly no net carbon dioxide to the atmosphere which aids in reducing the threat of global warming, thus driving the industrial solvents demand.

Industrial Solvents Market to surpass USD 35 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing consumer demand towards cosmetic products and its formulations for various types of skincare product range may propel industrial solvents market growth. Increasing application usage in the cosmetics & personal care sector owing to enhancement of dry or damaged skin by reducing flaking and restoring suppleness should drive the industrial solvents market size.

Solvents are the substance when dissolved with a solute form a solution. Furthermore, the rise in the oil market, rapid industrialization, increasing population & urbanization, and high growth in major end-use industries including dry cleaning, nail enamels, paint thinners, paint & coatings and pharmaceutical are the major factors driving the industrial solvents market demand.

Make an inquiry for purchasing this report @

Alcohol industrial solvents market size may surpass consumption at over 8.5 million tons by 2024. They evaporate quickly and when applied in antiseptic drug product they avert the growth of microorganisms. Oxygenated industrial solvents from cosmetic & fragrance application is posed to grow at 2.5% at the end of projected timeframe due to its solvency with other substance, the ability to decrease viscosity of liquids and diminish the propensity of finished products to produce foam when shaken, will foster the industrial solvents market growth.

Chlorinated based industrial solvents market share may exceed USD 335 million at the end of 2024. These are widely used for a variety of industrial purpose which include degreasing, cleaning solutions, paint thinners and agricultural chemicals. The chlorine chemical structure aids them to dissolve organic materials like greases and fats and are used as raw materials in the production of other compounds, thus stimulating industrial solvents market demand.

Lactate ester based green & bio solvents was valued at over USD 345 million in 2017. Lactate ester is a natural and organic acid which is biodegradable and is easy to recycle. As industrial solvents, it is formulated in products like coatings which enhances the performance owing to its high boiling point, high solvency rate and low surface tension properties. It is used in formulation of coatings for polystyrene surfaces owing its ability to scratch certain types of plastic substrates which improves adhesion, thereby driving the industrial solvents market size.

LyondellBasell, MARZUEN, INEOS, Sasol and LG chem are the key operators in industrial solvents market. Most of the researchers are focused on to develop innovative products to upsurge the market demand which in turn may boost the product market over the predictable timeframe.

Industrial Solvents Market, By Application

• Paints & Coatings
• Pharmaceuticals
• Printing Inks
• Household Care
• Cosmetics
• Adhesives
• Polymer
• Industrial Cleaning
• Extraction food products
• Agrochemicals
• Others

Browse key industry insights spread across 900 pages with 1269 market data tables and 51 figures & charts from the report, “Industrial Solvents Market” in detail along with the table of contents:

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release By 2024, Industrial Solvents Market to reach $35 bn | Global Key Players are Sigma-Aldrich, Total, LyondellBasell, INEOS, Sasol, LG Chem, Cargill, Solvay, Corbion, Celanese, DowDupont, Shell, BASF, Arkema, ExxonMobil, BP here

News-ID: 1578663 • Views: 472

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases

More Releases for Industrial

Industrial Controls Market
Industrial controls is a collective term used to define various kinds of control systems and associated instrumentation, which includes the devices, networks, systems, and controls used to operate and automate industrial processes. Industrial control systems include various automation equipment, machines, and components. Get Sample Copy of This Report @ The rise in demand for IoT-based smart solutions and automation in various industries increase the demand for the industrial controls. Moreover,
Industrial Energy Storage System
The Global Industrial Energy Storage System Market Research Report 2017 renders deep perception of the key regional market status of the Industrial Energy Storage System Industry on a Global level that primarily aims the core regions which comprises of continents like Europe, North America, and Asia and the key countries such as United States, Germany, China and Japan. Request for sample of Industrial Energy Storage System Market research report @ The
Industrial Lift Manufacturar - Technovision
Industrial Lift Manufacturar General: Technovision 'Industrial Lift' is widely used to move the material from one floor to another floor with great safety. It is a self-supported free standing structure. Product Range: Series 'Industrial Lift' is available with lifting capacity up to 2000kgs, carriage size 1500x1500mm and travel height 16.0Mtrs. Structure: Modular design with MS tubular structure with 'T' guide and vertical 'H' beams. Carriage is MS fabricated tubular structure with checkered platform. Carriage is
Global Industrial Vehicle Market
Global Industrial Vehicle Market: Key Trends and Drivers Battery operated vehicles are considered as the biggest drivers for the market today. They can be easily adopted in industries since they’re relatively more economical during operation with low maintenance cost, and work more efficiently. The global industrial vehicle market is characterized by innovative, automated and eco-friendly vehicle. Evolving requirements of material-handling vehicles globally trends the industrial vehicle market growth.
Global Industrial Laser Market
Industrial Laser Market: Overview In recent years the industrial laser market has been developing steadily. The industrial lasers are used in industry in a wide variety of applications. These applications can involve processing of materials and all other applications. The material processing includes cutting, welding, drilling, etc. these type of implementation generally requires high power lasers. The adoption of laser processing is increasing in industries as it can be easily automated
Industrial Valves Market
The report analyzes & forecast industrial valves market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue and revenue is given in USD million. This report is thereby produced to give a comprehensive overview of the ongoing trends in the market. This study includes a review of market dynamics with focus on key market drivers,