Albany, NY -- (SBWIRE) -- 10/10/2017 -- The report, North America Specialty Solvents Market, lists certain chemicals under ten key chemical groups, such as alcohol, amine, ether, ester, etc., and studies their demand and forecast over the period from 2016 to 2022 in the North America market.
The North America specialty solvents market is anticipated to witness significant revenue growth over the forecast period, owing to the rising demand for various end-to-end applications across various manufacturing industries, such as building & construction, pharmaceuticals & personal care, food & beverages, etc., in the North America region. Green chemicals are increasingly gaining popularity among industrial consumers, largely due to increasing government regulations. Due to this, a major trend of sustainable production has been observed among the major specialty solvents producers.
To understand and assess the demand and opportunities in this market, the report is categorically split into three sections, namely market analysis - by product type, by end-use, and by country. The report analyzes the North America specialty solvents market both in terms of market value (US$ Mn) and volume (Tonnes).
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The report starts with a market overview and provides market definition and analysis about the drivers, restraints, opportunities, and key trends in the market. The following sections include analysis of the North America market - by product type, by end-use, and by country. All the three sections evaluate the market on the basis of various factors affecting the market, covering the present scenario and future prospects. For market data analysis, the report considers 2014 as the base year, with market numbers estimated for 2015 and 2016 and the forecast provided for 2017- 2022.
The North America specialty solvents market is segmented as follows:
- By Product Type
- By Application
- By Country
The ether segment is anticipated to expand at the fastest CAGR over the forecast period in the North America specialty solvents market in terms of revenue, followed by the fatty chemicals segment. This section comprehensively analyzes the market on the basis of product type and presents the granular detail of the market size in terms of value and volume for 2016-2022.
On the basis of end-use, the market is segmented into:
- Building & Construction
- Electronics & IT
- Food & Beverages
- Household, Industrial, and Institutional (HI & I)
- Oil & Gas
- Pharmaceuticals & Personal Care
- Plastic & Rubber
The electronics and IT segment is expected to expand at the highest CAGR of 7.2% in terms of value during the forecast period. In terms of market share, the household, industrial, and institutional (HI & I) segment accounted for more than one-third revenue share of the overall market in 2015 and is expected to dominate the overall market throughout the forecast years.
Key players reported in this study on the North America specialty solvents market include:
- BASF SE.
- Bayer Group.
- AkzoNobel N.V.
- The Dow Chemical Company.
- LyondellBasell Industries Holdings B.V.
- E.I. duPont de Nemours and Company.
- Mitsui Chemicals.
- Braskem SA.
- PPG Industries.
- Eastman Chemical Company.
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