Portland, OR -- (SBWIRE) -- 06/13/2017 -- Global Solvents Market - Opportunities and Forecasts, 2014 - 2022
Solvent is a material that dissolves a solute thus, resulting in a solution. Solvents are usually in liquid state but can also be in solid or gaseous forms. Solvents are used for varied applications in domestic, commercial and research purposes. Herein, the evaluation conducted considers the extrinsic and intrinsic factors governing the market. The aim of this report is to provide an insight on the global solvent markets, current and projected trends and to carry out an in depth analysis of the available market potentials. The report evaluates opportunities in the developed and emerging economies so that corporations can make strategic decisions and gain competitive edge.
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The global solvent market is very competitive due to the presence of some dominant service providers. Some of those key players are BASF SE, Exxon Mobil Corporation, Dow Chemicals, Maruzen Petrochemical, Shell Chemicals, Celanese Corporation, Solvay Chemicals and others. Maruzen Petrochemical Co., Ltd produces a wide range of solvents, which have application is diverse segments such as MARUKASOL FH, which is used as urethane-foaming agent. Also, due to its cleaning and drying features, it is used for cleaning of semiconductors and metal parts.
High Level Analysis
The analysis gives an overview about global solvent market and its key concerns. The global market analysis using Porter's five force model and SWOT analysis helps in giving a better understanding about various opportunities, threats and substitutes. The bargaining power of supplier is low due to the presence of many major companies in the market providing similar products with little differentiation. Thus, this enhances the bargaining power of buyer as they have a wide range of option to select from before opting for any. Entry barrier for an entrant is high due to substantial amount of initial investment and research required before setting up a new industry. Threat of substitution is low due to the superior quality of solvent; however, intersubstitutability is possible. The market for solvent is densely populated and is accompanied with high exit barriers due to huge investments involved, which increase the intensity of rivalry among the companies present in the market.
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KEY MARKET SEGMENTS
MARKET BY PRODUCT
MARKET BY APPLICATION
- Printing Ink
- Paints and Coatings
- Cosmetics and Adhesives
MARKET BY GEOGRAPHY
- North America