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Market Report - Solvent Market Size, Company Share To 2020: Grand View Research, Inc.
Browse full research report on Global Solvent Market: http://www.grandviewresearch.com/industry-analysis/solvent-market
Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.
Read detailed report or request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/solvent-market/request
Further key findings from the study suggest:
• The global market for solvents was 18,303.2 kilo tons in 2013 and is expected to reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.
• Paints & coatings were the largest application segment for solvents and accounted for over 60% of total market volume in 2013. Along with being the largest application segment, paints & coatings are also expected to be the fastest growing application for solvents, at an estimated CAGR of 3.6% from 2014 to 2020. Growth of global paints and coatings industry is expected to drive the demand for solvents over the next six years.
• Asia Pacific continued its dominance in the global market and accounted for over 40% of total market volume in 2013. In addition of being the largest market, Asia Pacific is also expected to be the fastest growing regional market for solvents at an estimated CAGR of 3.7% from 2014 to 2020.
• The global market for solvents is moderately fragmented with top four companies including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum (BP) accounting for just over 45% of total market in 2013. Some other companies operating in the global market include BASF, Sasol Solvents, Celanese Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
For the purpose of this study, Grand View Research has segmented the solvent market on the basis of product, application and region:
• Global Solvent Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Alcohols
• Hydrocarbons
• Ketones
• Esters
• Chlorinated
• Others (including glycols and soy oil)
• Global Solvent Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
• Paints & Coatings
• Printing Inks
• Pharmaceuticals
• Cosmetics & Adhesives
• Other (Deicing, Cleaning Agent)
• Global Solvent Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: grandviewresearch.com
Read our blogs - dniamericas.org, terrapass.org, divog.org
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