Solvents - Global Strategic Business Report

Report
540 Pages
July 2024
Region: Global
Global Industry Analysts, Inc
ID: 338537

The global market for Solvents is estimated at 29.1 Million Metric Tons in 2023 and is projected to reach 37.4 Million Metric Tons by 2030, growing at a CAGR of 3.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Alcohols segment, which is expected to reach 13.5 Million Metric Tons by 2030 with a CAGR of 4.5%. The Hydrocarbon Solvents segment is also set to grow at 0.4% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at 4.3 Million Metric Tons in 2023, and China, forecasted to grow at an impressive 4.6% CAGR to reach 14.6 Million Metric Tons by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Solvents Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Solvents Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Solvents Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as BASF SE, Arkema Group, Archer Daniels Midland Company, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 188 Featured):

BASF SE
Arkema Group
Archer Daniels Midland Company
Ashland Global Holdings, Inc.
Asahi Kasei Corporation
Arkema, Inc.
AGC Inc.
Bayer AG
BP PLC
Calumet Specialty Products Partners LP
Bharat Petroleum Corporation Ltd.
Amines & Plasticizers Ltd.
A-Gas International
Alliance Organics LLP
Carbon Clean Solutions Limited.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Solvents - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
An Introduction to Solvents
Global Market Prospects & Outlook
Alcohols: The Leading Solvent Type
Asia-Pacific: An Important Market for Solvents
Competition
Market Leaders Sense Brewing Competition from Low-Cost Asian Companies
World Brands
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Green or Eco-Friendly Solvents Poised for High Gains in the Future
Rising Adoption of Green Solvents in Various Industries
Bio-Solvents for Oilfield Applications
Oxygenated Solvents: Green Credentials Drive Increased Consumption
Alcohols Continue to Hold Ground as the Most Widely Used Solvents
Dibasic Esters Set for Healthy Gains
Aliphatic Solvents Demand Set for Healthy Gains
Aromatic Solvents: Auto and Construction Industries to Spur Demand
Paints & Coatings: The Major End-Use Market for Solvents
Declining Use of Solvent-based Paints & Coatings Remains a Key Concern
Architectural Coatings: Potential for Solvents Market
World Architectural Coatings Market: Percentage Breakdown of Sales by Technology for 2021 & 2027
Vital Role of Solvents in Adhesives Manufacturing
Adhesives Demand Slides Amidst the Pandemic, Driving Down Demand for Solvents
Industrial Cleaning Emerges as a Major Revenue Contributor in the Solvents Market
Electronic Cleaning Solvents: Banking on the Rise of Electronics Manufacturing
Household Cleaning Products Rely on Solvents for Effective Performance
Solvents Remain a Key Material in Pharmaceutical Preparation
Printing Ink Manufacturing: Use of Solvents Adds Desired Functions
Demand for Personal Care and Cosmetics Impacts Growth in Solvents Market
Global Personal Care Market Growth Outlook (in %) for the Period 2019-2025
Solvents Find Use for Extraction of Commercial Substances in Food Processing and Packaging Sector
Global Packaged Food Sales in US$ Trillion for 2015, 2017, 2019, 2021 & 2023
Use of Solvents Remains Important in Automobile Manufacturing and Assembly
Automotive Production Trends Influence Demand for Solvents
Solvents & Solvent-containing Materials Play a Critical Part in Aircraft Construction
Metal Casting Industry Relies on Solvents for Smoother Process Operations
Solvents Induce Flexibility in Asphalt Compounding
Wood Preservation Made Easier with Solvents
Wood Preservation Presents Opportunities for Solvents: Global Wood Preservative Chemicals Market Sales in US$ Thousand by Region/Country for 2020 and 2027
Solvent Usage in Ground Transportation
Advanced Solvent Based Cleaning Systems Replace Aqueous Cleaning Systems
Solvents: A Highly Regulated Industry
Adverse Effects of Solvents on Human Health and Environment

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Solvents Market Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Solvents by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Alcohols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Alcohols by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for Alcohols by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for Hydrocarbon Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for Hydrocarbon Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for Hydrocarbon Solvents by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Esters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Esters by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Esters by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Ketones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Ketones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Ketones by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Chlorinated Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Chlorinated Solvents by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 19: World 16-Year Perspective for Chlorinated Solvents by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Ethers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Ethers by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 22: World 16-Year Perspective for Ethers by Geographic Region - Percentage Breakdown of Volume Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Market Overview
Eco-Friendly Solvents Gathering Momentum
Demand for Conventional Solvents Remains Stable
Chlorinated Solvents Raise Serious Concerns
Regulatory Scenario
Table 23: USA Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 24: USA Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 25: USA 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

CANADA

Table 26: Canada Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 27: Canada Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 28: Canada 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

JAPAN

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Table 29: Japan Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 30: Japan Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 31: Japan 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

CHINA

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Market Overview
Table 32: China Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 33: China Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 34: China 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

EUROPE

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
An Insight into the Solvents Market
EU Regulations Curb Toxic Solvents
Table 35: Europe Recent Past, Current & Future Analysis for Solvents by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2023 through 2030 and % CAGR
Table 36: Europe Historic Review for Solvents by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 37: Europe 16-Year Perspective for Solvents by Geographic Region - Percentage Breakdown of Volume Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2024 & 2030
Table 38: Europe Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 39: Europe Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 40: Europe 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

FRANCE

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
Table 41: France Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 42: France Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 43: France 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

GERMANY

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
Table 44: Germany Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 45: Germany Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 46: Germany 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

ITALY

Table 47: Italy Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 48: Italy Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 49: Italy 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

UNITED KINGDOM

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
Green Dry-Cleaning to Replace Toxic Solvents in Laundries
UK Government Restricts Use of Solvents in Paints
Table 50: UK Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 51: UK Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 52: UK 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

REST OF EUROPE

Table 53: Rest of Europe Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 54: Rest of Europe Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 55: Rest of Europe 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

ASIA-PACIFIC

Solvents Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Asia-Pacific: An Most Important Market for Solvents
Table 56: Asia-Pacific Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 57: Asia-Pacific Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 58: Asia-Pacific 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

REST OF WORLD

Table 59: Rest of World Recent Past, Current & Future Analysis for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers - Independent Analysis of Annual Sales in Thousand Metric Tons for the Years 2023 through 2030 and % CAGR
Table 60: Rest of World Historic Review for Solvents by Product Segment - Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers Markets - Independent Analysis of Annual Sales in Thousand Metric Tons for Years 2014 through 2022 and % CAGR
Table 61: Rest of World 16-Year Perspective for Solvents by Product Segment - Percentage Breakdown of Volume Sales for Alcohols, Hydrocarbon Solvents, Esters, Ketones, Chlorinated Solvents and Ethers for the Years 2014, 2024 & 2030

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

BASF SE
Arkema Group
Archer Daniels Midland Company
Ashland Global Holdings, Inc.
Asahi Kasei Corporation
Arkema, Inc.
AGC Inc.
Bayer AG
BP PLC
Calumet Specialty Products Partners LP
Bharat Petroleum Corporation Ltd.
Amines & Plasticizers Ltd.
A-Gas International
Alliance Organics LLP
Carbon Clean Solutions Limited.

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Table of Contents

Companies Mentioned (Partial List)

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