The global solvents market was valued at USD 47.37 Billion in 2018 and is expected to reach USD 63.32 Billion by year 2025, at a CAGR of 3.7 %.

Ontario, CA -- (SBWire) -- 03/30/2020 --The global Solvent market was million US$ in 2018 and is expected to million US$ by the end of 2025, growing at a CAGR of between 2019 and 2025. It is generally in liquid form but is also available in gaseous and solid form. There are two variants of solvents, namely conventional and organic.

The global solvents market was valued at USD 47.37 Billion in 2018 and is expected to reach USD 63.32 Billion by year 2025, at a CAGR of 3.7 %.

Conventional solvents consist of glycol ethers, hydrocarbons, acetate esters, alcohols, chlorinated, and ketones. Organic ones are majorly used in traditional applications, such as dry cleaning, as well as in manufacturing industries. They are highly flammable in nature except chlorinated solvents. Some of them cause health hazards such as toxicity in reproductive systems and nervous systems. Moreover, they can damage lungs, kidneys, and even lead to cancer.

Demand for solvent market has been continuously growing in the global market on account of its increasing application across various end-use industries. However, growing environmental issues, coupled with volatile nature of key raw material prices, are expected to remain a key challenge for industry participants. In order to reduce these effects, the industry has shifted its focus towards developing bio-based solvents, which are environmentally friendly. In the quest to achieve sustainability, leading solvent manufacturers have been collaborating with top biotechnology firms to manufacture green and bio-based solvents.
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Segment by Key players:
- Neste Corporation
- Novacap
- Oxea Corporation
- Pallav Chemicals & Solvents
- Riwa Chemical
- Sasol
- Sonneborn
- Spectrochem
- Stoopen & Meeus
- Sumitomo Chemical
- Sunbelt Corp
- Sunrich Group

Segment by Type:
- Organic Solvents
- Inorganic Solvents

Segment by Application:
- Pharmaceuticals
- Food and Beverage
- Agricultural
- Automotive
- Industrial Cleaning
- Oil and Gas
- Chemical
- Others

Segment by Regions:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa

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Table of Content:

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Solvent Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Solvent Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Solvent Market - Supply Chain
4.5. Global Solvent Market Forecast
4.5.1. Solvent Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Solvent Market Size (000' Units) and Y-o-Y Growth
4.5.3. Solvent Market Absolute $ Opportunity

5. Global Solvent Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Solvent Market Size and Volume Forecast by Type
5.3.1. Fabricated Frame
5.3.2. Tube and Coupler
5.3.3. Mobile
5.3.4. Pole
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Solvent Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Solvent Market Size and Volume Forecast by Application
6.3.1. Personal Decoration
6.3.2. Commercial Decoration
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Solvent Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Solvent Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Solvent Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Solvent Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Solvent Demand Share Forecast, 2019-2029

Continued……

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