Press release
Solvent Market is estimated to reach USD 52.31 Billion by 2030 : Cognitive Market Research
Solvent Market is estimated to reach USD 52.31 Billion by 2030 : Cognitive Market Research
Introduction of Solvent Market
- Solvents are substances that have the ability to dissolve or disperse other substances. They are typically liquids, but can also be gases or solids under certain conditions. Solvents are used for a variety of purposes, such as cleaning, degreasing, extracting, and as a medium for chemical reactions.
Summary:
- The Global Solvent Market size was valued at USD 34.08 Billion in 2022 and will reach USD 52.31 Billion by 2030, at a CAGR of 6.2% during the forecast period (2023-2030).
"To know more The Solvent Market statistics click here: https://www.cognitivemarketresearch.com/solvent-market-report
Market Dynamics:
• Factors Impacting on Solvent Market
The increasing demand for hydrocarbons, and alcohols from various end-use industries including pharmaceuticals, paints and coatings, adhesives and sealants, and printing inks are majorly driving the market growth. As these industries continue to grow, the demand for solvents is also expected to increase. Moreover, the increasing demand from emerging economies such as China, India, and Brazil is witnessing rapid industrialization and urbanization, which is driving the demand for solvents in these nations. Furthermore, the growing automotive industry globally is another driving factor that is fuelling market growth to a certain extent. Solvents are used in the automotive industry for various applications such as cleaning, degreasing, and painting. As the automotive industry continues to grow, the demand for solvents is also expected to increase in upcoming years.
Market Segmentation:
Type
• Alcohols
• Hydrocarbons
• Esters
• Chlorinated
• Others
Based on type, the alcohol segment dominated the market in the year 2022. Alcohol has a strong polar nature compared to other solvents which is accelerating the usage of alcohol.
Application
• Paints & coatings
• Printing inks
• Pharmaceuticals
• Cosmetics & adhesives
• Others
Based on the application, the paints & coatings segment held the largest share in the year 2022. This growth is attributed to the growing investment in infrastructure and the rising construction sector.
The Major Players in Solvent Market are:
Neste Corporation, Novacap, Oxea Corporation, Pallav Chemicals & Solvents, Riwa Chemical, Sasol, Sonneborn, Spectrochem, Stoopen & Meeus, Sumitomo Chemical, Sunbelt Corp, Sunrich Group, The DOW Chemical Company, The Solvents Company, TOP Solvent Company Limited, Total, Versalis, Adhik Chemicals, Amritlal Chemaux, Anirox Pigments
Get free sample pages of the latest published Solvent Market Report:
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Regional Analysis:
• Asia Pacific is a leading region of the Solvent Market
Asia Pacific has led the Solvent Market in the year 2022 owing to growing end-use industries such as paints, coating, adhesives, and sealants. Moreover, the rising industrialization across emerging countries is projected to drive the growth of the solvent market. The region has undergone significant industrialization over the past few decades, particularly in the manufacturing sector. This has led to an increase in the use of solvents in various industries such as automotive, construction, and electronics.
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Solvent Market
• 3.1 Global Solvent Market Size 2018 - 2030, (USD Million)
• 3.2 Global Solvent Value, Absolute & Opportunity Analysis
• 3.3 Global Solvent Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Solvent Market Statistics 2022: Snapshot
Chapter 4 Global Solvent Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Solvent Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Solvent Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Solvent Market Regional Analysis
• 11.1 Detailed Qualitative Analysis
• 11.2 Global Solvent Market Revenue by Region (2018-2030)
• 11.2 Global Solvent Market Share (%) by Region (2018-2030)
Chapter 12 North America Solvent Market Outlook (2018 - 2030)
Chapter 13 Europe Solvent Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Solvent Market Outlook (2018 - 2030)
Chapter 15 Latin America Solvent Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Solvent Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Solvent Market TOC click here: https://www.cognitivemarketresearch.com/solvent-market-report#table_of_contents
Related Reports:
• Hydrocarbon Solvents Market - https://www.cognitivemarketresearch.com/hydrocarbon-solvents-market-report
• N-Methyl-2-Pyrrolidone market - https://www.cognitivemarketresearch.com/n-methyl-2-pyrrolidone-nmp-market-report
• Solvent-Based Adhesives Market - https://www.cognitivemarketresearch.com/solvent-based-adhesives-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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