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The solvents market is forecasted to grow by USD 9.6 billion during 2023-2028, accelerating at a CAGR of 5.24% during the forecast period. The report on the solvents market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advancements in recovery and recycling processes of solvents, rising use of aromatic solvents in specialty chemicals, and acceptance of green and bio-based solvents among end-user industries.
The solvents market is segmented as below:
By Type
- Alcohols
- Hydrocarbons
- Ketones
- Esters
- Others
By End-user
- Paints and Coatings
- Pharmaceuticals
- Adhesives
- Printing Inks
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the solvents market covers the following areas:
- Solvents market sizing
- Solvents market forecast
- Solvents market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global solvents market: Akzo Nobel NV, BASF SE, Chevron Phillips Chemical Co. LLC, Clariant AG, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., Huntsman Corp., INEOS Group, LG Chem Ltd., LyondellBasell Industries N.V., Merck KGaA, Mitsui and Co. Ltd., PPG Industries Inc., Saudi Basic Industries Corp., Shell plc, Solvay SA, SolvChem Inc., Stepan Co., and Vertec Biosolvents Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is adoption of iot technology?for oil and gas extraction."
According to the report, one of the major drivers for this market is the technological advancements in recovery and recycling processes of solvents.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Akzo Nobel NV
- BASF SE
- Chevron Phillips Chemical Co. LLC
- Clariant AG
- Dow Inc.
- Eastman Chemical Co.
- Exxon Mobil Corp.
- Huntsman Corp.
- INEOS Group
- LG Chem Ltd.
- LyondellBasell Industries N.V.
- Merck KGaA
- Mitsui and Co. Ltd.
- PPG Industries Inc.
- Saudi Basic Industries Corp.
- Shell plc
- Solvay SA
- SolvChem Inc.
- Stepan Co.
- Vertec Biosolvents Inc.
