2022 High Purity Solvent Market Size, Application, Material, Region And Growth Forecast To 2031

The global high purity solvent market report by the business research company The increasing demand for paints and coatings to be a major growth driver for the high purity solvent market. Paints and coatings refer to a liquid, liquefiable, or solid mastic material that solidifies after being applied to a substrate in a thin layer. High purity solvents are used to dissolve various components used in paint and coating formulations. For instance, in June 2021, according to the American Coatings Association, a US-based non-profit organization, the United States coating industry is contributing significant revenues to the US economy by exporting over $2.2 billion in coating products. Therefore, the increasing demand for paints and coatings is driving the growth of the high purity solvent market

The global high purity solvent market size is expected to grow from $46.56 billion in 2021 to $50.47 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The global high purity solvents market size is expected to grow to $66.71 billion in 2026 at a CAGR of 7.2%.

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Asia pacific was the largest region in the high purity solvent market in 2021. The regions covered in the global high purity solvents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Major players in the high purity solvent market are Exxon Mobil Corporation, BASF SE, Asahi Kasei Chemicals company, Linde plc, Thermo Fisher Scientific Inc., The Dow Jones Industrial Average, Evonik Industries AG, The Merck Group, Tedia Company, Mitsubishi Chemical Corporation, Akzo Nobel N.V., High Purity Laboratory Chemicals Pvt. Ltd., Apchem Life Science Pvt Ltd, Spectrum Chemical Mfg. Corp., and Central Drug Testing Laboratory.

The global high purity solvent market is segmented -
1) By Type: Acetone, Acetonitrile, Dimethyl Sulfoixde, Others
2) By Category: Polar Solvent, Non-Polar Solvent
3) By Applications: Liquid Crystal Displays, Lithium-Ion Batteries, Electroplating, Polymer Resins, Catalysts, Others
4) By End-User: Pharmaceutical, Chemicals, Cosmetics and Personal Care, Food and Beverages, Agriculture, Paints and Coatings, Biotechnology, Electrical and Electronics, Others

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The High purity solvent market Report Contents Include
1. Executive Summary
2. High Purity Solvent Market Characteristics
3. High Purity Solvent Market Trends And Strategies
4. Impact Of COVID-19 On High Purity Solvent
5. High Purity Solvent Market Size And Growth
......
26. Africa High Purity Solvent Market
27. High Purity Solvent Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The High Purity Solvent Market
29. High Purity Solvent Market Future Outlook and Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the high purity solvent market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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