Solvents Market will multiply at an impressive CAGR of 4.9% by 2027 & Top Key Players Honeywell International Inc., Dow Chemical Company, Sasol Solvents, BASF SE, Celanese Corporation, Maruzen Petrochemical, Ashland Inc., Eastman Chemical Company, Shell C

The global solvents market is segmented by source type into petrochemical-based and bio based; by type into alcohols, ketones, esters, glycol ethers, aromatic and aliphatic; by application into paints & coatings, adhesives, printing inks, cosmetics and others and by regions. The global solvents market is anticipated to showcase CAGR of 4.9% during the forecast period.
The solvents market is segmented on the basis of application as paints & coatings, adhesives, printing inks, cosmetics and others. The printing inks is the major sub-segment of the solvents market during the forecast period owing to its high usage in magazines, newspaper and others. Based on source, the bio based solvents are anticipated to grow with highest CAGR during the forecast period.

Asia pacific is expected to be leading region of the solvents market over the forecast period. This is attributed to the high application of solvents in paint and coatings. Additionally, North America and Europe are expected to show significant growth during the forecast period on the account of rising usage of bio based solvents for different applications.

Steady Application of Bio Based Solvents

Solvents are used for dissolving the materials and increase the efficiency of the materials. The bio based solvents are effective for the environment on the account of reduced VOC emissions coupled with the stringent government norms for the safety of the environment.

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However, the limited technological explorations related to the bio based solvents is expected to hinder the solvents market.

The report titled “Global Solvents Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global Solvents market in terms of market segmentation by source type, by application, by type and by regions.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of the global solvents market which includes company profiling of Honeywell International Inc., Dow Chemical Company, Sasol Solvents, BASF SE, Celanese Corporation, Maruzen Petrochemical, Ashland Inc., Eastman Chemical Company, Shell Chemical, Solvay Chemicals. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global solvents market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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