Industrial Solvents Market 2018 | Worldwide Market Outlook 2024 | Major Manufacturers – Sigma-Aldrich, Total, LyondellBasell, INEOS, Sasol, LG Chem, Cargill, Solvay, Corbion, Celanese, DowDupont, Shell, BASF, Arkema, ExxonMobil, BP

The global industrial solvents market is anticipated to make promising gains in the forthcoming years, on account of burgeoning demand for printing inks, paints & coatings, and cosmetics products across the globe. In addition to this, industrial solvents are also widely used in the pharmaceutical sector, impelling the industry share. For instance, pet shampoos utilize solvents to dissolve a medicinal drug for topical treatment, provide moisture, and soften animal hair & skin.

North America

1 Increasing demand of solvents in cosmetic industry
2 Growth in solvents recycling market

Europe: Increasing adhesive & sealants market in automotive sector

Asia Pacific: Growing demand for solvents in paints & coatings industry

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Industrial solvents are often used to dissolve ingredients and empower various solutions & manufacturing processes. They offer additional value in cosmetics, paints & coatings, adhesives, and lubricants because of their high solvency rate. For instance, Isopropyl alcohol is a multi-use solvent, which is often used as disinfectant in homes, and as an industrial solvent to dissolve substances, such as resins and oils, in production processes across various industries. The growth in manufacturing sector coupled with favorable regulatory outlook, especially in emerging economies, would positively favor industrial solvents market growth in the ensuing years.

Printing inks applications have leveraged the potential of industrial solvents in a number of ways. For instance, the use of smudge-resistant ink in newspapers means no more finger staining and illegible print. Speaking of computer printer inks, they dry really very fast and are highly smudge resistant. Thus, the wide application spectrum of printing inks and brisk advancements in ink technology will create a powerful launch pad for industrial solvents market to reach new heights.

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.

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.

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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.

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.

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.

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:

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