Solvents Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2019 and Forecast 2020-2026

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Global Solvents Market: By Type (Alcohols, Aliphatic, Aromatic, Glycol Ethers, Ketones and Others), By Source (Bio & Green Solvents, Petrochemical-Based Solvents and Others ), By Application (Adhesives, Agricultural chemicals, Metal cleaning, Paints & coatings, Personal care, Polymer manufacturing, Printing inks and Others) and Geography

 

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Description

Global Solvents Market Report Description:

Global solvents market report gives comprehensive outlook on solvents across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global solvents market gives historical, current, and future market sizes (US$ Mn) on the basis of type, source, application and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global solvents market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global solvents market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global solvents market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global solvents products.

Global Solvents Market:

The global solvents market was valued round US$ 48.4 Bn in 2019 and poised to grow at significant CAGR of 3.8 % over 2020-2026. Some of the key factors influencing the market growth include growing demand for solvents as it a crucial coating for the protection of numerous compounds and residential and nonresidential buildings by various undesirable conditions such as rust, UV radiations & dust. Additionally, increase in acceptance of solvents in automobile industries  as it less harmful for the environment, increase the shelf life of the end products and rising in the manufacturing industries will further boost the market growth in the forecast period. However, volatile prices of solvents and quality benchmark establishment are the major factors hindering the market growth.

Benefits Offered by Solvents are Fueling the Market Growth

 

Solvents are thin layered coating on the surface of the end product which provide crucial properties such as corrosive resistance, UV resistance, hydrophobic, and others. They are extremely used by end users such as automobile manufacturers, healthcare, marine, electronic, militaries and others. Due to increasing in the technological advancement in fingerprinting and green solvent innovations solvents are widely utilized by electronic industrials segment. Additionally, rising usage of solvents in automobile sectors to resist the damage of vehicle due to undesirable conditions. Rising use of solvents for development of greenery constructions boosting the market growth. In addition, high growth in emerging economies provides huge growth opportunity for the market.

Asia Pacific Accounts for Larger Market Revenue Share in Global Solvents Market

 

Asia Pacific accounted for larger revenue share in global solvents market with considerable CAGR. The growth in this region can be attributed to rising demand for ecofriendly products and emerging economies. Also, rising awareness among European customers about the insulation properties and increasing manufacturing industries in this region is the other important factor responsible for the market growth. North America held significant market share during estimated period as the rapid growing manufacturing industries, strict regulation for environment protection and key manufacturers are adopting various strategies for the expansion are of the market in the region.

Competition Assessment

Key player’s profiles in the global solvents market include:

  • Royal Dutch Shell Plc. (Netherlands)
  • Eastman Chemical Company (US)
  • BASF SE (Germany)
  • ExxonMobil Corporation (US)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • Ashland Global Holdings Inc. (US)
  • Celanese Corporation (US)
  • Huntsman Corporation (US)
  • Solvay SA (Belgium)
  • Honeywell International Inc. (US)
  • INEOS Group AG (UK)
  • Olin Corporation (US)
  • Bharat Petroleum Corporation Limited (India)
  • Chevron Phillips Chemical Company (US)
  • Reliance Industries Limited (India)

Global solvents market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In August 2017, ExxonMobil Corporation’s Singapore affiliate completed the acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore, owned by Jurong Aromatics Corporation (Singapore). The acquisition helped the company increase hydrocarbon production to over 3.5 million tons per year, including 1.8 million tons of paraxylene,

Key Findings of the Report:

 

  • Global nan coatings market expanding at significant CAGR over 2020 to 2026 due to increase in acceptance of solvents as it is ecofriendly.
  • Based on type, whole solvents segment accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global solvents market

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Detailed Segmentation

 

By Type         

  • Alcohols
  • Aliphatic
  • Aromatic
  • Glycol Ethers
  • Ketones
  • Others

By Source

  • Bio & Green Solvents
  • Petrochemical-Based Solvents
  • Others

By Application

  • Adhesives
  • Agricultural chemicals
  • Metal cleaning
  • Paints & coatings
  • Personal care
  • Polymer manufacturing
  • Printing inks
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
  • Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA


Location

GEOGRAPHY

PBI Location Map

Table of Content

  1. Executive Summary
  2. Global Solvents Market Introduction
    • Global Solvents Market – Taxonomy
    • Global Solvents Market –Definitions
      • Type
      • Source
      • Application
  1. Global Solvents Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Solvents Market Dynamic Factors – Impact Analysis
    • Global Solvents Market – Competition Landscape
  2. Global Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Solvents Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Alcohols
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Aliphatic  
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Aromatic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Glycol Ethers
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ketones
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others 
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Solvents Market, By Source, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Bio & Green Solvents
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Petrochemical-Based Solvents
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others 
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Solvents Market, By Application, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Adhesives
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Agricultural chemicals
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metal cleaning
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Paints & coatings
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Personal care
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Polymer manufacturing
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Printing inks
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Solvents Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Region, 2020 – 2026
  2. North America Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Aliphatic  
      • Aromatic
      • Glycol Ethers
      • Ketones
      • Others   
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Bio & Green Solvents
      • Petrochemical-Based Solvents
      • Others 
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Adhesives
      • Agricultural chemicals
      • Metal cleaning
      • Paints & coatings
      • Personal care
      • Polymer manufacturing
      • Printing inks
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Country, 2020 – 2026
    • North America Solvents Market Dynamics – Trends
  3. Europe Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Aliphatic  
      • Aromatic
      • Glycol Ethers
      • Ketones
      • Others   
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Bio & Green Solvents
      • Petrochemical-Based Solvents
      • Others 
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Adhesives
      • Agricultural chemicals
      • Metal cleaning
      • Paints & coatings
      • Personal care
      • Polymer manufacturing
      • Printing inks
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Country, 2020 – 2026
    • Europe Solvents Market Dynamics – Trends
  4. Asia-Pacific Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Aliphatic  
      • Aromatic
      • Glycol Ethers
      • Ketones
      • Others   
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Bio & Green Solvents
      • Petrochemical-Based Solvents
      • Others 
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Adhesives
      • Agricultural chemicals
      • Metal cleaning
      • Paints & coatings
      • Personal care
      • Polymer manufacturing
      • Printing inks
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Country, 2020 – 2026
    • Asia-Pacific Solvents Market Dynamics – Trends
  5. Latin America Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Aliphatic  
      • Aromatic
      • Glycol Ethers
      • Ketones
      • Others   
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Bio & Green Solvents
      • Petrochemical-Based Solvents
      • Others 
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Adhesives
      • Agricultural chemicals
      • Metal cleaning
      • Paints & coatings
      • Personal care
      • Polymer manufacturing
      • Printing inks
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Country, 2020 – 2026
    • Latin America Solvents Market Dynamics – Trends
  6. Middle East and Africa Solvents Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Alcohols
      • Aliphatic  
      • Aromatic
      • Glycol Ethers
      • Ketones
      • Others   
    • Source Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Bio & Green Solvents
      • Petrochemical-Based Solvents
      • Others 
    • Application Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Adhesives
      • Agricultural chemicals
      • Metal cleaning
      • Paints & coatings
      • Personal care
      • Polymer manufacturing
      • Printing inks
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Solvents Market – Opportunity Analysis Index, Type, Source, Application, and Country, 2020 – 2026
    • MEA Solvents Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Royal Dutch Shell Plc. (Netherlands)
      • Eastman Chemical Company (US)
      • BASF SE (Germany)
      • ExxonMobil Corporation (US)
      • LyondellBasell Industries Holdings B.V. (Netherlands)
      • Ashland Global Holdings Inc. (US)
      • Celanese Corporation (US)
      • Huntsman Corporation (US)
      • Solvay SA (Belgium)
      • Honeywell International Inc. (US)
      • INEOS Group AG (UK)
      • Olin Corporation (US)
      • Bharat Petroleum Corporation Limited (India)
      • Chevron Phillips Chemical Company (US)
      • Reliance Industries Limited (India)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.

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