Oxygenated Solvents Market 2017 - Global Industry size, Shares, Trends, Growth, Analysis and Forecast 2025

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Oxygenated solvent is an organic solvent, which contains oxygen molecules. It is extensively used in paints, pharmaceuticals, inks, fragrances, adhesives, cosmetics, detergents, food, agrochemicals, and cleaning products. Oxygenated solvents include alcohols, glycol ethers, methyl acetate, ethyl acetate, ketones, esters, and glycol ether/esters. They can also be used for chemical synthesis. Furthermore, they can be employed as diluents, coupling agents, or other functional additives in various types of formulations.

Growth in industries such as paints & coatings, pharmaceuticals, personal care, lubricants, and crop protection is expected to drive the oxygenated solvents market across the globe. Beneficial properties such as low toxicity and high solvency power are also boosting the oxygenated solvents market. However, implementation of regulations on VOC emissions is expected to restrain the oxygenated solvents market during the forecast period.

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Based on source, the oxygenated solvents market can be segmented into conventional solvents and bio & green solvents. In terms of product type, the market can be divided into alcohols, glycol ethers, acetates, glycol ether acetates, ketones, esters, aldehydes, and others. Based on key property, the oxygenated solvents market can be segregated into coupling agent, floatation froth building blocks, and shrinkage reduction admixture. In terms of end-user industries, the market can be split into automotive & transportation, building & construction, chemical & plastic, consumer goods, food & agrochemicals.

The bio & green solvent segment is expected to expand at a rapid pace in the near future. This growth can be ascribed to the usage of renewable sources as raw materials. Bio & green solvents are estimated to replace conventional oxygenated solvents in regions with stringent regulations on VOC emissions. However, this can be achieved through reduced cost of solvents. The conventional solvents segment is anticipated to expand at fast pace in developing countries such as India and Indonesia, wherein there is lack of regulation, owing to the relatively low cost of solvents.

In terms of region, in Asia Pacific, North America and Western Europe, the most number of major industries are located which are related to the applications of oxygenate solvents. Demand for oxygenated solvents is high in China and India. Asia Pacific has become the largest importer of oxygenated solvents. The oxygenated solvents market in the region is likely to expand at a fast pace, primarily driven by the high GDP growth rate and rising population with higher disposable income. Demand for personal care products and paints & coating agents is high which in turn leading to high demand for oxygenated solvents in the North America and Europe.

Key players operating in the oxygenated solvents market include BASF (Germany), OXEA (Germany), The Dow Chemical Company (the U.S.), ExxonMobil (the U.S.), Eastman Chemical Company (the U.S.), ARKEMA (France), Royal Dutch Shell (the Netherlands), lyondellbasell (the Netherlands), SINOPEC (China), and PETRONAS (Malaysia).

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis

The regional analysis covers:

- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market

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