Aprotic Solvents Market Size, Share | Industry Report 2024

The global aprotic solvents market is expected to value 16.9 billion USD in the year 2016 as compared to 15.23 billion USD in the year 2015. Global solvents market is emerging due to end-user industries demand such as Oil and Gas, Pharmaceuticals, Paints and coatings, Electronics. This demand is driving the increase in compound annual growth rate (CAGR), for example Pharmaceutical sector alone is expected to grow at a CAGR of 5.1% from 2016 to 2024

Key Product Categories, Company Share and Technology Outlook

Products like N-Methyl-2-pyrrolidone (NMP), Toluene, Benzene, Acetone, Hexane, Chloroform have shown increase in demand in various industries as a key manufacturing chemical, for various reaction, as catalyst, as raw material. This demand is driving the increase in compound annual growth rate (CAGR) year by year. The market in Central & South America is projected to grow at a CAGR of 3.7% from 2016 to 2024

Toluene is most widely used solvents, used as an additive in Gasoline to improve octane rating, used as a preservative in foods, cosmetics and drinks, used as a part of the process of making saccharin, antiseptics and paint thinners. It is also employed in making perfumes, dyes, antifreeze. This growing demand of products in different sectors is going to increase the demand and production rate due to the high demand latest and economic processes for production is invented by companies like Universal oil products co, Atlantic Refining Co and many more.
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Key findings from the study: -
• Global production of aprotic solvent is not restricted to one region of the globe or mono licensed processes.
• In the view of Emerging demand in Asia pacific, Ashland opens world-class pharmaceutical excipient production facility in Nanjing, China, Ashland has invested up to $10 million in India in its two centers of excellence, new pharma in Hyderabad and existing personal care in Mumbai.
• Very high demands for aprotic solvents from end-use Industries like Oil and gas, pharmaceutical, specialty chemicals, electronics paints and coatings are driving the growth of the global aprotic solvent market.

Ameri Research has segmented the Aprotic Solvents Market by material categories, product type, end-use and region:

Market Segmentation
Regional outlook

• North America
• Europe
• Asia Pacific
• Middle East and Africa

Application Outlook

• Oil and Gas, Petrochemicals
• Pharmaceutical
• Electronics

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