Press release
Solvents Market 2020-2026, Covid-19 Impact | Key Major Players : Cargill, Incorporated, Chevron Phillips Chemical Company, DowDuPont, Flotek Industries, INVISTA
Solvents Market
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Market Analysis: Global Solvents Market
The Global Solvents Market is expected to reach USD 51.65 billion by 2025, from USD 38.36 billion in 2017 growing at a CAGR of 3.8% during the forecast period of 2018 to 2025. The upcoming market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Key Market Competitors: Global Solvents Market
The key players operating in the global solvents market are -
Royal Dutch Shell PLC
Eastman Chemical Company
BASF SE
Exxon Mobil Corporation
LyondellBasell Industries Holdings B.V.
The other players in the market are Ashland, Celanese Corporation, Huntsman International LLC., Solvay, Honeywell International Inc., INEOS, Arkema SA, Bharat Petroleum Corporation Limited, BP p.l.c., Cargill, Incorporated, Chevron Phillips Chemical Company, DowDuPont, Flotek Industries, INVISTA, Monument Chemical, Olin Corporation, Reliance Industries Limited and TOP SOLVENT CO., LTD.
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Market Definition: Global Solvents Market
Solvents are chemicals, which form a solution when they are dissolved in a chemically different solute. In a solution, there is a uniform distribution of molecules and the proper mixing of solute & solvents. Organic solvents are mainly used in all traditional solvent applications and in manufacturing industries. Whereas, conventional solvents on the other hand can be classified into chlorinated solvents, ketones, glycol ethers, hydrocarbons, acetate esters and alcohols based on their chemical composition. The extensively used applications of solvents are pharmaceuticals, sealant & adhesives and printing-inks. There is an abundant requirement of paints & coatings by the construction industries, which is a major factor for the exemplary growth of the market.
Segmentation: Global Solvents Market
Solvents Market : By Source
Petrochemical-Based Solvents
Bio & Green Solvents
Solvents Market : By Type
Oxygenated Solvents
Esters
Ketones
Glycol Ethers
Glycol
Hydrocarbon Solvents
Halogenated Solvents
Acetic Acid
Solvents Market : By Application
Paints & Coatings
Pharmaceuticals
Polymer Manufacturing
Adhesives
Printing Inks
Metal Cleaning
Personal Care
Agricultural Chemicals
Other Applications
Solvents Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Solvents Market Drivers:
Demand from construction and automotive industry
Oxygenated based industrial solvents
Environmental regulations to reduce VOC (volatile organic compounds) emissions
Solvents Market Restraint:
Industries shifting focus to green solvents
Effects of petrochemical-based solvents
High production cost and performance issue
Key Insights in the report:
Historical and current market size and projection up to 2025.
Market trends impacting the growth of the global solvents market.
Analyze and forecast solvents market on the basis of source, type and application.
Trends of key regional and country-level markets for source, type and application.
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.
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