Jun 10, 2022   SOURCE: BusinessWire

Global Solvents Market Report to 2030 - by Type, Application, Source and Region - ResearchAndMarkets.com

The "Global Solvents Market, By Type, By Application, By Source, Estimation & Forecast, 2017 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global Solvents market held a market value of USD 26 Billion in 2021 and is projected to reach USD 49.6 Billion by the year 2030. The market is anticipated to grow at a CAGR of 7.5% from 2022 to 2030. Around 27.4 MMT of Solvents was sold in 2021.

Solvents are substances which dissolve a solute and result into a solution. The market is expected to be driven by the increasing demand of bio & green solvents, growing demand from agriculture sector, and rising demand of solvents from key application segments amid COVID-19. Furthermore, increasing demand for safe, effective, & eco-friendly products among customers and rising application of adhesives & sealants among various industries are also estimated to fuel the market growth.

Despite the driving factors, stringent regulatory framework and high risk due to exposure to solvents are anticipated to hinder the market growth. The COVID-19 pandemic disrupted the paints and coatings industry, which declined the market growth.

Growth Influencers:

Increasing demand of bio & green solvents

Bio and green solvents are environmentally friendly solvents or bio solvents. These are derived from the processing of agricultural crops. Solvents are increasingly being used in various industries, such as engineering, pharmaceuticals, printing, and construction, among others. Owing to environmental sustainability and human health, scientists started developing green or bio based solvents. They are also known as agrochemicals. Their demand is increasing as a replacement for crude-oil based solvents. Hence, increasing demand of bio and green solvents are expected to fuel the market growth.

Companies Mentioned

  • Celanese Corporation
  • Lyondellbasell Industries N.V.
  • Dow Chemicals
  • Solvay SA
  • BASF SE
  • INEOS AG
  • Eastman Chemical Company
  • Exxon Mobil Corporation
  • Royal Dutch Shell Plc
  • Ashland Global Holdings Inc.
  • Indorama Ventures Limited
  • Sasol Solvents
  • Maruzen Petrochemicals

The global Solvents market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Solvents market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
  • Market Outlook: Sector Data for Solvent Use in North America, Europe, Asia Pacific, South America, and Middle East & Africa
  • Industry Best Practices: Divestment of business segment to reduce economic effects is the new trend observed in the global solvents market
  • Price Analysis: Price Forecast Over Years (USD/Tons), 2019-27; Price Trend (Y-o-Y Growth) Over Years; Weighted Average Price, By Region
  • Recycling Business: Opportunities in Solvent Waste
  • Competitor Mapping: Report include detailed competitor mapping for the global solvent industry under different heads such as market share, segment revenue, exposure to end use industries, global presence and production capacity. Wide coverage of competitor mapping under mentioned heads offer summarised picture of competitive scenario in the market

The global Solvents market report answers questions such as:

  • What is the market size and forecast of the Global Solvents Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Solvents Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Solvents Market?
  • What is the competitive strategic window for opportunities in the Global Solvents Market?
  • What are the technology trends and regulatory frameworks in the Global Solvents Market?
  • What is the market share of the leading players in the Global Solvents Market?
  • What modes and strategic moves are considered favorable for entering the Global Solvents Market?

For more information about this report visit https://www.researchandmarkets.com/r/c6fpi