Press release
High Purity Solvents Market 2022 Exceptional Business Performance till 2030
Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.
The Global High Purity Solvents Market size will grow from US$ 36,542.0 million in 2021 to US$ 64,003.7 million by 2030, registering a tremendous compound annual growth rate (CAGR) of 6.5% during the forecast period 2022 to 2030.
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Regional Insights:
As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.
The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.
COVID-19 Impact:
Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.
Major Key Players in High Purity Solvents Market are:
Akzo Novel N.V.
American International Chemical LLC
Apchem Pvt. Ltd.
Asashi Kasei Corporation
BASF SE
CABB Group GmbH
Central Drug House
Chemtronics
DAWN SCIENTIFIC INC
Dow
Evonik Industries AG
Exxon Mobil Corporation
FINAR
High Purity Laboratory Chemicals Pvt. Ltd.
Merck KGaA
Mitsubishi Chemical Corporation
Mountain Air
Spectrum Chemical Manufacturing Corp.
Thermo Fisher Scientific Inc.
Other Prominent Players
Segmental Analysis:
The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the High Purity Solvents Market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.
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Segmentation Overview
By Type
Acetone
Ethanol
Heptane
Isopropyl
Alcohol
Pentane
By Grade
HPLC Solvents
HPLC Isocratic Solvents
HPLC Gradient Solvents
HPLC Plus Solvents
LC-MS Solvents
UHPLC-MS Solvents
By Category
Polar Solvent
Non-Polar Solvent
By Packaging
Amber Bottles
Aluminium Bottles
Recyclers
Borosilicate Bottles
By End Users
Laboratories
Culturing Cells and Tissues in Petri Dishes
Liquid Chromatography Analysis
Gas Chromatography Analysis
Molecular Biology Experiments
ICP-MS
Plastic & Adhesives
Sealants
Textiles
Pharmaceuticals
Food & Beverages
Chemicals
Cosmetics & Personal Care
Agriculture
Paints & Coatings
Soaps & Detergents
Electronics
Others
By Distribution Channel
Online
Offline
Direct
Distributor
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The U.K.
Germany
France
Italy
Russia
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
South America
Argentina
Brazil
Rest of South America
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
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About Astute Analytica:
Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.
They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.
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