Press release
Covid-19 Impact Demand Growth of Industrial Solvents Market | DowDupont, Shell, BASF, Arkema, ExxonMobil, Honeywell, Total, INEOS, Sasol, Solvay, Sigma Aldrich
Industrial Solvents Market
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2706
It has been estimated that global industrial solvents market size could reach US$35 billion in annual revenues by 2024. By having exceptional properties such as low evaporation rate, good flowability, anti-wear characteristics, low toxicity and natural multi-grade properties, methyl soyate based green industrial solvents, used for adhesives applications is expected to gain considerable demand in the coming years. To help control air pollution, the material is widely used in automotive sector.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. DowDupont
2. Shell
3. BASF
4. Arkema
5. ExxonMobil
6. BP
7. Honeywell
8. INDUSTRIAL SOLVENTS AND CHEMICALS PRIVATE LIMITED
9. Total
10. LyondellBasell
11. Maruzen Petrochemical Co., Ltd.
12. INEOS
13. Sasol
14. LG Chem
15. Cargill
16. Solvay
17. Sigma-Aldrich
18. Vertec Biosolvents, Inc.
19. Corbion
20. Celanese
Rising vehicle sales coupled with growing use of adhesives & sealants in the automobile sector has stimulated the growth trajectory of industrial solvents market. The product’s exceptional qualities like ability to incorporate with any material without causing chemical reaction and non-corrosive qualities make it an ideal material for making adhesives.
Changing consumer preference towards consuming eco-friendly and biodegradable products along with stricter government regulations to cut down production of synthetic compounds and will propel industry growth in European nations. Led by UK, Germany and France, Europe green industrial solvents industry size is expected to cross US$1.5 billion mark by 2024.
Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/industrial-solvents-market
In the region, cosmetics and personal care sector is largely influenced by innovations and demands significant research and development spending. According to Cosmetics Europe, leading companies in this sector within the region spend close to 5% of their yearly turnover on R&D. As consistent developments in cosmetic products carries on, it will create a substantial scope for the consumption of suitable and safer industrial solvents.
Demand for hydrocarbon solvents from paints & coatings industry is also expected to witness extraordinary growth owing to its remarkable features. Toluene, xylene, and benzene have fast evaporation rate and strong solvency, making it the go-to choice for painting & coating applications. Estimates say that the hydrocarbon industrial solvents market based on paints & coatings application could exceed USD 4 billion by 2024. The product is also used in automotive paints & coatings to offer adequate dust and water-resistant to a vehicle.
The prominent manufacturers of the competitive industrial solvents globally include BASF, Honeywell, DowDuPont, INEOS, Shell and LyondellBasell. To expand bio-based product portfolio and make strategies for their global presence, companies seem to be investing considerably towards R&D.
Browse More News:
https://www.prnewswire.com/news-releases/cosmetic-preservatives-market-valuation-to-exceed-1-25-billion-by-2026--says-global-market-insights-inc-301060587.html
https://www.prnewswire.com/news-releases/flow-chemistry-market-value-to-hit-2-5-billion-by-2026-global-market-insights-inc-300961694.html
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Covid-19 Impact Demand Growth of Industrial Solvents Market | DowDupont, Shell, BASF, Arkema, ExxonMobil, Honeywell, Total, INEOS, Sasol, Solvay, Sigma Aldrich here
News-ID: 2101846 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Industrial
Global Industrial Uavs Market, Global Industrial Uavs Industry, Global Industria …
The Industrial Uavs market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Industrial Uavs Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Industrial Uavs market. The report focuses on well-known providers in the global…
RDM Industrial Products - Laboratory and Industrial Furniture Supplier
RDM Industrial Products Inc. is one of the most reputed and leading laboratory and industrial furniture solutions supplier and manufacturer. The company was established in 1977 and has been serving their growing clientele proudly for over 40 years. Their quality products cater to industries including healthcare, electronics, biotechnology, laboratory, industrial and more. The company is based out of California and their shipments are done all across the globe. QUALITY-SERVICE-TIMING are…
Industrial Fasteners Market # industrial fasteners and supply # industrial faste …
An insightful study, titled “Global Industrial Fasteners Market” has been freshly broadcasted to the vast research repository of Market Research Reports Search Engine (MRRSE). The research study provides detailed comprehensions and forecasts future growth of the global market with an in-depth study of the factors impacting revenue growth throughout the mentioned forecast period. Further, a deep analysis on the major players from diverse regions is also present in the report.
Get…
Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Indu …
Researchmoz added Most up-to-date research on "Global Industrial PC Market To Reach Us$8,784.2 Mn By 2025: By Type - Panel Industrial PC, Box Industrial PC And Embedded Industrial PC" to its huge collection of research reports.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is…
Industrial Machinery & Industrial Equipment Production Market Research Report
Latest industry research report on: Global and United States Industrial Machinery & Industrial Equipment Production Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
This report studies the Industrial Machinery & Industrial Equipment Production market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and…
Industrial PC Market By Type - Panel Industrial PC, Box Industrial PC, Embedded …
Albany, NY, 19th September : Recent research and the current scenario as well as future market potential of "Recent research and the current scenario as well as future market potential of "" globally." globally.
Industrial PC is a ruggedized system designed to perform computing applications for various industries. Industrial PC is a PC-based computing podium mainly used for data acquisition or process control, and in some cases, it is simply used…
