Press release
Aprotic Solvents Market 2023: DowDuPont (US), BASF SE (Germany), Mitsui Chemicals, Inc (Japan), The Chemours Company (US), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands)
Aprotic Solvents Market Research Report – Global Forecast till 2023
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Market Synopsis:
Solvent that cannot suitably donate hydrogen atom and lack an acidic hydrogen is known as aprotic solvents. They possess high polarity, high dipole moment, low skin penetration, high stability towards strong acidic conditions, and large dielectric constant. Ethanol, acetic acid, methylamine, propylene, and acetylene are among the few raw materials that are required for producing aprotic solvents. Its high boiling point, chemical stability, and thermal stability makes it a versatile solvent.
Aprotic solvents are widely used in numerous applications such as industrial cleaning, electronics, aromatic extraction, fracking in petroleum industries, cosmetics, production of pharmaceuticals, paint stripping, drug delivery systems, fracking fluids, and agrochemical formulations. It is used in variety of end-use industries such as healthcare, oil & gas, chemical, electronics, and others.
Some of the most abundantly used aprotic solvents are N-methyl-2-pyrrolidone, chloroform, benzene, toluene, and acetone. They can be derived from natural as well as synthetic sources. N-methyl-2-pyrrolidene is extensively used in the oil & gas industry in liquefication process and are also used during the drilling operations in oil & gas industry, which helps to increase the quantity of hydrocarbons during oil drilling operations. The growing use in oil & gas industry is majorly driving the aprotic solvents market. In addition, aprotic solvents offer homogeneous dispersion and stability to the creams, ointments, lotions, and liquids. This owes to its increased used in pharmaceutical industry. The rapid growth of pharmaceutical industry across the globe is driving the aprotic solvents industry with high efficiency.
Prominent players in this industry adopt various growth strategies to increase their market share. For instance, in June 2018, The Dow Chemical Company, subsidiary of DowDuPont Inc, announced a series of incremental investments to double its glycol ether production capacity. This expansion was carried out to meet the growing demand for glycol ether across the globe.
However, there is a rise in demand for substitutes of aprotic solvents which are non-toxic and environmentally friendly when compared to aprotic solvents. Additionally, the stringent environmental regulations are expected to restrain the growth of aprotic solvents during the forecast period.
Market Segmentation:
The global aprotic solvents market has been segmented based on source, type, end-use industry, and region.
On the basis of source, global aprotic solvents market has been classified into bio-based and synthetic.
Based on type, global aprotic solvents market has been divided into N-methyl-2-pyrrolidone, benzene, toluene, acetone, chloroform, and others.
The global aprotic solvents market has also been segmented on the basis of end-use industries into chemical, healthcare, oil & gas, electronics, and paints & coatings.
Regional Analysis:
Global aprotic solvents market has been analyzed across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest market share in the global aprotic solvents market in 2017. The regional market for aprotic solvents witnessed highest growth owing to the rapid growth of oil & gas and healthcare industries. This region is expected to show strong growth during the coming years.
North American market constituted second-largest share in the global aprotic solvents market in 2017, attributing to the burgeoning demand for aprotic solvents in the paints & coatings and chemical industries. The region is projected to show remarkable growth during the review period.
European market is projected to grow at a faster pace during the forecast period. High growth of healthcare and chemical industries in this region are attributing to the growing demand for aprotic solvents.
Latin American market is estimated to grow at a moderate rate during the foreseen years, due to the ever-growing healthcare industry and the increasing demand from pharmaceutical industry.
The Middle East & Africa market is expected to show steady growth in the review period, owing to the increased demand from oil & gas industries of this region.
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Key Players:
DowDuPont (US), BASF SE (Germany), Mitsui Chemicals, Inc (Japan), The Chemours Company (US), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Celanese Corporation (US), Mitsubishi Chemical Corporation (Japan), Ashland Inc (US), and Asahi Kasei Corporation (Japan) are some of the prominent players at the forefront of the competition in the global aprotic solvents market
Intended Audience:
Manufacturers and producers of aprotic solvents
Traders of aprotic solvents
Raw material suppliers
Research and development organizations
Nationalized laboratories
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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