New York, NY -- (SBWire) -- 02/13/2018 --Oxygenated solvents are basically produced using distilling components from chemicals, which help in creating balance and consistency between ingredients in the end-product. Oxygenated solvents are organic solvents, their molecules contain oxygen. Oxygenated solvents are known for their significantly high rate of purity owing to the critical solvent refinement processes which eliminate excess water and particulate matter which occurs in various stages of production.
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Various types of oxygenated solvents are available in the market. These include alcohols, glycols, ketones, esters, glycol ethers, etc. Oxygenated solvents are widely utilized in various applications, such as paints & coatings, personal care products, pharmaceutical, etc. They are also utilized as diluents as well as for chemical synthesis in various types of formulations.
Generally, oxygenated solvents are more expensive than hydrocarbons. Hence, mixtures are made whenever possible to lower the cost. However, they have stronger solvency and are utilized as active solvents for most of the synthetic resins. Their strong solvency, together with the wide range of volatilities available, makes them an extremely important group of solvents for the paints & coatings industry.
Globally, the oxygenated solvents market is expected to be dominated by the Asia-Pacific region. Owing to the rising investments in the construction, automotive and pharmaceutical industries, the demand for oxygenated solvents is expected to rise in these sectors. Europe and North America are anticipated to show moderate growth in the oxygenated solvents market due to the steady growth of the end-use industries in developed countries, such as U.S., Germany, etc.
Middle East & Africa are expected to account for a small share in the market. However, it is anticipated, owing to the upcoming construction projects, the region will grow with a healthy growth rate over the forecast period. Latin America is expected to show slow growth in the market over the next decade
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Examples of some of the market participants identified across the value chain of the global Oxygenated Solvents market include Arkema Group, Banner Chemicals Limited, DowDuPont, Exxon Mobil Corporation, BASF SE, Royal Dutch Shell plc, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Petronas, and others.
Key manufacturers of oxygenated solvents are getting themselves involved in the manufacturing of bio-based solvents owing to the stringent environmental regulations on volatile organic compound emissions.
Oxygenated Solvents Market Size Will Observe Substantial Growth by 2025
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