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Solvent Market by Type (Ketones, Esters, Aromatics, Alcohols), Application (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care) & Source - Global Trends & Forecast to 2018

By: marketsandmarkets.com
Publishing Date: February 2014
Report Code: CH 2218

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The solvent market is expected to grow at a CAGR of 5.0% over the next five years to reach $43.4 billion, by 2018. Asia-Pacific, with its flourishing economy and rapidly expanding industrial sectors, is the leading consumer of solvents and will experience the highest growth in demand from 2013 to 2018, after North America.

The major driving factors of the solvent market are the emerging economies in the Asia-Pacific region as it accounts for nearly half of the global solvents demand. The growing construction and automobile industries with no strict environmental regulations fuels the demand for conventional solvents in the region. This has made Asia-Pacific a global manufacturing hub where several major companies are setting up their new plants to target high growth markets. Cheap labor and easily availabile petrochemical feedstocks are major factors that attract manufacturers in the region. Europe and North America, on the other hand, have several environmental regulations that drive the market of bio-based & green solvents. This is owing to growing concerns due to the presence of VOCs in conventional solvents.

Upcoming opportunities in the green solvent market include increased preference towards the use of bio-based products by the government and orgnaizations. However, price and performance barriers have restricted the growth of these, substianially. Continous R&D and product innovation will result in increased properties, promoting the economic production of these solvents. The other factor that must be taken into account is that though green solvents have high penetration, these will still need another decade to be completely commercialized on a global scale.

Conventional solvents still dominate the market, capturing more than 90% of the overall solvents demand.These are used for a wide range of applications, the major one being paints & coatings. The global paints & coatings industry is showing tremendous change with the focus shifting from solvent-based to water and powder-based paints & coatings system. This makes the conventional solvents market vulnerable.

The solvents market has been analyzed in terms of both volume (KT) and value that concerns four regions, namely, North America, Europe, Asia-Pacific, and ROW (Rest of the World); and the major countries in each region such as U.S., Canada, Germany, China, South Arabia, Brazil, and others. The various applications such as paints & coatings, pharmaceuticals, adhesives, printing inks, personal care, metal cleaning, rubber & polymer, agricultural chemicals, and others are also covered and studied. Solvent by types, which are, oxygenated, hydrocarbon, and halogenated including others have been studied. These have further been broken down by their respective sub types, such as alcohols, glycols, glycol ethers, ketones, and esters for oxygenated solvents, aliphatic and aromatic solvents for hydrocarbon, methylene chloride, trichloroethylene, and perchloroethylene for halogenated solvents. The market has also been bifurcated by the type of source, which includes conventional and bio & green solvents.

For this report, various secondary sources such as directories, technical handbooks, company annual reports, industry association publications, chemical magazine articles, world economic outlook, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of the industrial solvents market. The primary sources-experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess future prospects and market estimations.

This solvent market report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. Major companies such as Ashland (U.S.), BASF (Germany), Celanese (U.S.), Eastman Chemical Company (U.S.), ExxonMobil (U.S.), Honeywell (U.S.), Huntsman Corporation (U.S.), Ineos (Switzerland), LyondellBasell (U.S.), Sasol (South Africa), Shell Chemicals (The Netherlands), and Solvay (Belgium) have also been profiled in this report.

Scope of the report

  • On the basis of region:
    • Asia-Pacific
      • China
      • Korea
      • Japan
    • Europe
      • Germany
      • Italy
      • France
    • North America
      • U.S.
      • Canada
    • Rest of the World (ROW)
  • On the basis of source:
    • Conventional solvent
    • Bio & green solvents
  • On the basis of conventional solvents type:
    • Oxygenated solvents
      • Alcohols
        • Methanol
        • Ethanol
        • Propanol
        • Butanol
        • Other alcohols
      • Glycols
        • Ethylene glycols
        • Propylene glycols
      • Glycol ethers
        • E-series glycol ethers
        • P-series glycol ethers
        • Butyl glycol ethers
      • Ketones
        • Acetone
        • MEK
        • MIBK
        • Other ketones
      • Esters
        • Ethyl acetate
        • Butyl acetate
        • Other acetates
  • Hydrocarbon solvent
    • Aliphatic
    • Aromatic
      • Benzene
      • Toluene
      • Xylene
      • Ethylbenzene
      • Others
  • Halogenated
    • Chlorinated
    • Methylene chloride
    • Trichloroethylene
    • Perchloroethylene
    • Others
  • Others
    • Acids
    • Amines
    • Other solvents
  • On the basis of conventional solvent type:
    • Lactate esters
    • Alcohols & diols
    • d-Limonene
    • Methyl Soyate
  • On the basis of application:
    • Paints & coatings
    • Pharmaceuticals
    • Adhesives
    • Printing inks
    • Personal care
    • Metal cleaning
    • Rubber & polymer
    • Agricultural chemicals
    • Others

  • Table Of Contents
     
    1 Introduction (Page No. - 29)
       1.1 Key Take-Aways
       1.2 Report Description
       1.3 Markets Covered
       1.4 Stake Holders
       1.5 Research Methodology
           1.5.1 Market Size
           1.5.2 Key Data Points Taken From Secondary Sources
           1.5.3 List of Secondary Data Sources
           1.5.4 Key Data Points Taken From Primary Sources
           1.5.5 Assumptions Made for This Report

    2 Executive Summary (Page No. - 39)

    3 Premium Insights (Page No. - 43)
       3.1 Market Segmentation
       3.2 Drivers for the Bio Solvent Market Act As Restraints for the Conventional Solvent Market
       3.3 Paints & Coatings–the Largest Application Area for Solvent
       3.4 Oxygenated Solvent Has the Largest Market Size
       3.5 Asia-Pacific-the Dominating Market
       3.6 China & U.S. to Dominate the Market By 2018
       3.7 A Majority of the Companies Relied on Capacity Expansion for Growth

    4 Market Overview (Page No. - 51)
       4.1 Introduction
           4.1.1 History of Solvent
           4.1.2 Oxygenated Solvents
           4.1.3 Hydrocarbon Solvent
           4.1.4 Halogenated Solvents
           4.1.5 Other Conventional Solvents
           4.1.6 Bio & Green Solvents
       4.2 Value Chain Analysis
       4.3 Burning Issue
           4.3.1 Significant Changes in the Global Solvent Demand
       4.4 Market Dynamics
           4.4.1 Drivers
                 4.4.1.1 Conventional Solvent
                         4.4.1.1.1 High Growth in the Construction & Automobile Industry
                 4.4.1.2 Bio & Green Solvents
                         4.4.1.2.1 Growing Penetration in the End-User Industry
                         4.4.1.2.2 Environmental Regulations to Reduce Vocs
                         4.4.1.2.3 Rising Crude Oil Prices
           4.4.2 Restraints
                 4.4.2.1 Conventional Solvents
                         4.4.2.1.1 Industries Switch to Green Solvent
                 4.4.2.2 Bio & Green Solvents
                         4.4.2.2.1 Solvents Affect the Rate of Reaction
                         4.4.2.2.2 Cost V/S Performance Issues
           4.4.3 Opportunities
                 4.4.3.1 Conventional Solvent
                         4.4.3.1.1 Growth Opportunity From Emerging Economies Such As China & India
                 4.4.3.2 Bio & Green Solvents
                         4.4.3.2.1 Federal Government Preference towards Buying Bio-Based Products
                         4.4.3.2.2 Regions With Strict Regulations Offer Tremendous Growth Potentials
       4.5 Winning Imperatives
           4.5.1 Capacity Expansion
           4.5.2 Retrenchment
       4.6 Porters Five forces Analysis
           4.6.1 Conventional Solvents
                 4.6.1.1 Degree of Competition
                 4.6.1.2 Suppliers’ Power
                 4.6.1.3 Buyers’ Power
                 4.6.1.4 Threat of New Entrants
                 4.6.1.5 Threat of Substitutes
           4.6.2 Bio & Green Solvents
                 4.6.2.1 Degree of Competition
                 4.6.2.2 Suppliers’ Power
                 4.6.2.3 Buyers’ Power
                 4.6.2.4 Threat of New Entrants
                 4.6.2.5 Threat of Substitutes

    5 Solvent Market, By Source (Page No. - 81)
       5.1 Introduction
       5.2 Market Analysis
           5.2.1 Bio & Green Solvents Witness Tremendous Growth Opportunities
           5.2.2 North America – the Major Consumer of Bio & Green Solvents Market
           5.2.3 Alcohols and Diols – the Major Bio Solvents Used
           5.2.4 Industry & Domestic Cleaning Application to Drive the Global Bio & Green Solvents Market

    6 Solvent Market, By Type (Page No. - 93)
       6.1 Introduction
       6.2 Market Analysis
           6.2.1 Oxygenated Solvents to Drive the Market
           6.2.2 Oxygenated Solvents
                 6.2.2.1 Introduction
                 6.2.2.2 Market Estimates
                         6.2.2.2.1 Alcohols
                                   6.2.2.2.1.1 Ethanol
                                   6.2.2.2.1.2 Methanol
                                   6.2.2.2.1.3 Propanol
                                   6.2.2.2.1.4 Butanol
                                   6.2.2.2.1.5 Other Alcohols
                         6.2.2.2.2 Glycols
                                   6.2.2.2.2.1 Ethylene Glycol
                                   6.2.2.2.2.2 Propylene Glycol
                         6.2.2.2.3 Glycol Ethers
                                   6.2.2.2.3.1 E-Series Glycol Ethers
                                   6.2.2.2.3.2 P-Series Glycol Ethers
                                   6.2.2.2.3.3 Other Glycol Ethers
                         6.2.2.2.4 Ketones
                                   6.2.2.2.4.1 Acetone
                                   6.2.2.2.4.2 MEK
                                   6.2.2.2.4.3 MIBK
                                   6.2.2.2.4.4 Other Ketones
                         6.2.2.2.5 Esters
                                   6.2.2.2.5.1 Ethyl Acetate
                                   6.2.2.2.5.2 Butyl Acetate
                                   6.2.2.2.5.3 Other Acetates
           6.2.3 Hydrocarbon Solvents
                 6.2.3.1 Introduction
                 6.2.3.2 Market Estimates
                         6.2.3.2.1 Aliphatic Solvent
                         6.2.3.2.2 Aromatic Solvent
                                   6.2.3.2.2.1 Benzene
                                   6.2.3.2.2.2 toluene
                                   6.2.3.2.2.3 Xylene
                                   6.2.3.2.2.4 Ethylbenzene
                                   6.2.3.2.2.5 Other Aromatics
           6.2.4 Halogenated Solvents
                 6.2.4.1 Introduction
                 6.2.4.2 Market Estimates
                         6.2.4.2.1 Methylene Chloride
                         6.2.4.2.2 Trichloroethylene
                         6.2.4.2.3 Perchloroethylene
                                   6.2.4.2.4 Other Halogenated Solvent
           6.2.5 Other Solvents
                 6.2.5.1 Introduction
                         6.2.5.1.1 Acetic Acid
                         6.2.5.1.2 Formic Acid
                                   6.2.5.1.3 Ethylenediamine
                 6.2.5.2 Market Estimates

    7 Solvent Market, By Application (Page No. - 201)
       7.1 Introduction
       7.2 Market Analysis
           7.2.1 Paints & Coatings to Dominate the Solvent Usage
           7.2.2 Paints & Coatings
                 7.2.2.1 Introduction
                 7.2.2.2 Market, By Solvent Type
                 7.2.2.3 Market, By Geography
           7.2.3 Pharmaceuticals
                 7.2.3.1 Introduction
                 7.2.3.2 Market, By Solvent Type
                 7.2.3.3 Market, By Geography
           7.2.4 Adhesives
                 7.2.4.1 Introduction
                 7.2.4.2 Market, By Solvent Type
                 7.2.4.3 Market, By Geography
           7.2.5 Printing Inks
                 7.2.5.1 Introduction
                 7.2.5.2 Market, By Solvent Type
                 7.2.5.3 Market, By Geography
           7.2.6 Personal Care
                 7.2.6.1 Introduction
                 7.2.6.2 Market, By Solvent Type
                 7.2.6.3 Market, By Geography
           7.2.7 Metal Cleaning
                 7.2.7.1 Introduction
                 7.2.7.2 Market, By Solvent Type
                 7.2.7.3 Market, By Geography
           7.2.8 Rubber & Polymer
                 7.2.8.1 Introduction
                 7.2.8.2 Market, By Solvent Type
                 7.2.8.3 Market, By Geography
           7.2.9 Agricultural Chemicals
                 7.2.9.1 Introduction
                 7.2.9.2 Market, By Solvent Type
                 7.2.9.3 Market, By Geography
          7.2.10 Other Applications
                 7.2.10.1 Introduction
                 7.2.10.2 Market, By Solvent Type
                 7.2.10.3 Market, By Geography

    8 Solvent Market, By Geography (Page No. - 244)
       8.1 Introduction
       8.2 Market Analysis
           8.2.1 Asia-Pacific Dominates the Global Solvent Market
           8.2.2 Asia-Pacific
                 8.2.2.1 Introduction
                 8.2.2.2 Market, By Solvent Type
                         8.2.2.2.1 Absence of Strict Regulations Drives the Consumption of All Types of Solvents
                         8.2.2.2.2 Consumption of Alcohol-Based Solvents to Reach Over 4 Million tons, By 2018
                         8.2.2.2.3 Aromatic Solvents to Have A Healthy Growth Rate
                 8.2.2.3 Market, By Application
                         8.2.2.3.1 Country Level Analysis
                         8.2.2.3.2 China
                         8.2.2.3.3 Japan
                         8.2.2.3.4 Korea
           8.2.3 Europe
                 8.2.3.1 Introduction
                 8.2.3.2 Market, By Solvent Type
                         8.2.3.2.1 Declining Consumption of Hydrocarbon & Halogenated Solvents Due to the Presence of Regulations
                         8.2.3.2.2 Glycol Ether Solvents to Have the Maximum Growth Rate
                         8.2.3.2.3 Aliphatic Solvents Are Being Phased Out Rapidly
                 8.2.3.3 Market, By Application
                         8.2.3.3.1 Country Level Analysis of Solvents
                         8.2.3.3.2 Germany
                         8.2.3.3.3 France
                         8.2.3.3.4 Italy
           8.2.4 North America
                 8.2.4.1 Introduction
                 8.2.4.2 Market, By Solvent Type
                         8.2.4.2.1 Oxygenated Solvent Drive the North American Market
                         8.2.4.2.2 Glycol-Based Solvents Will Have the Highest Growth Rate
                         8.2.4.2.3 Hydrocarbon Solvent Market to Have A Stagnant Demand
                 8.2.4.3 Market, By Application
                         8.2.4.3.1 Country Level Analysis
                         8.2.4.3.2 U.S.
                         8.2.4.3.3 Canada
           8.2.5 Rest of the World (ROW)
                 8.2.5.1 Introduction
                 8.2.5.2 Market, By Solvent Type
                         8.2.5.2.1 Moderate Demand for Solvents
                         8.2.5.2.2 High Demand From All Segments Drives the Consumption of Oxygenated Solvents
                         8.2.5.2.3 Aliphatic Solvents Are Being Phased Out Rapidly
                 8.2.5.3 Market, By Application
                         8.2.5.3.1 Country Level Analysis

    9 Competitive Landscape (Page No. - 294)
       9.1 Introduction
           9.1.1 Company Analysis, By Solvent Type
       9.2 Strategic Developments
           9.2.1 Capacity Expansion: Most Preferred Strategic Approach
           9.2.2 Maximum Developments In 2013
           9.2.3 North America: the Most Active Region
           9.2.4 Ashland Inc. (U.S.), Celanese (U.S.), & Huntsman Corp. (U.S.): the Most Active Participants
                 9.2.4.1 Capacity Expansion
                 9.2.4.2 Retrenchment
                 9.2.4.3 New Product Developments
                 9.2.4.4 Acquisitions
                 9.2.4.5 Others

    10 Company Profiles (Overview, Financial*, Products & Services, Strategy, and Developments) (Page No. - 316)
       10.1 Ashland Inc.
       10.2 BASF SE
       10.3 Celanese Corporation
       10.4 Eastman Chemical Company
       10.5 Exxonmobil Corporation
       10.6 Honeywell International Inc.
       10.7 Huntsman Corp.
       10.8 Ineos Ag
       10.9 Lyondellbasell Industries N.V.
       10.10 Royal Dutch Shell
       10.11 Sasol Ltd.
       10.12 Solvay Sa

    *Details Might Not Be Captured In Case of Unlisted Companies.


    List of Tables (216 Tables)

    Table 1 Some Polar (Aprotic & Protic) & Non-Polar Solvents
    Table 2 Oxygenated Solvents Market Volume (Kt) & Value ($Million), 2011-2018
    Table 3 Hydrocarbon Solvent Market Volume (Kt) & Value ($Million), 2011-2018
    Table 4 Halogenated Solvents Market Volume (Kt) & Value ($Million), 2011-2018
    Table 5 Other Solvents Market Volume (Kt) & Value ($Million), 2011-2018
    Table 6 Bio & Green Solvents Market Volume (Kt) & Value ($Million), 2011-2018
    Table 7 Crude Oil Average Spot Price, By Type, 2010-2018 ($/Barrel)
    Table 8 Top 10 Economies By Gdp in Ppp Terms: 2010 & 2020
    Table 9 Winning Imperatives: Capacity Expansion
    Table 10 Winning Imperatives: Retrenchment
    Table 11 Solvent Market Volume, By Source, 2011-2018 (Kt)
    Table 12 Solvent Market Value, By Source, 2011-2018 ($Million)
    Table 13 Bio & Green Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 14 Bio & Green Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 15 Bio & Green Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 16 Bio & Green Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 17 Bio & Green Solvent Market Volume, By Application, 2011-2018 (Kt)
    Table 18 Bio & Green Solvents Market Value, By Application, 2011-2018 ($Million)
    Table 19 Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 20 Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 21 Oxygenated Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 22 Oxygenated Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 23 Oxygenated Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 24 Oxygenated Solvent Market Value, By Application, 2011-2018 ($Million)
    Table 25 Oxygenated Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 26 Oxygenated Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 27 Alcohols Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 28 Alcohols Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 29 Ethanol: General Properties
    Table 30 Ethanol Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 31 Ethanol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 32 Methanol: General Properties
    Table 33 Methanol Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 34 Methanol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 35 Propanol: General Properties
    Table 36 Propanol Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 37 Propanol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 38 Butanol: General Properties
    Table 39 Butanol Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 40 Butanol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 41 Other Alcohols Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 42 Other Alcohols Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 43 Glycol Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 44 Glycol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 45 Ethylene Glycol: General Properties
    Table 46 Ethylene Glycol Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 47 Ethylene Glycol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 48 Propylene Glycol: General Properties
    Table 49 Propylene Glycol Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 50 Propylene Glycol Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 51 Glycol Ethers Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 52 Glycol Ethers Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 53 E-Series Glycol Ethers Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 54 E-Series Glycol Ethers Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 55 P-Series Glycol Ethers Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 56 P-Series Glycol Ethers Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 57 Other Glycol Ether Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 58 Other Glycol Ether Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 59 Ketone Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 60 Ketone Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 61 Acetone: General Properties
    Table 62 Acetone Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 63 Acetone Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 64 MEK: General Properties
    Table 65 MEK Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 66 MEK Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 67 MIBK: General Properties
    Table 68 MIBK Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 69 MIBK Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 70 Other Ketone Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 71 Other Ketone Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 72 Ester Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 73 Ester Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 74 Ethyl Acetate: General Properties
    Table 75 Ethyl Acetate Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 76 Ethyl Acetate Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 77 Butyl Acetate: General Properties
    Table 78 Butyl Acetate Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 79 Butyl Acetate Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 80 Other Esters Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 81 Other Esters Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 82 Hydrocarbon Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 83 Hydrocarbon Solvents Market Value, By Geography, 2011-2018 ($Million)
    Table 84 Hydrocarbon Solvent Market Volume, By Application, 2011-2018 (Kt)
    Table 85 Hydrocarbon Solvent Market Value, By Application, 2011-2018 ($Million)
    Table 86 Hydrocarbon Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 87 Hydrocarbon Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 88 Aliphatic Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 89 Aliphatic Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 90 Aromatic Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 91 Aromatic Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 92 Benzene: General Properties
    Table 93 Benzene Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 94 Benzene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 95 Toluene: General Properties
    Table 96 Toluene Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 97 Toluene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 98 Xylene: General Properties
    Table 99 Xylene Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 100 Xylene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 101 Ethylbenzene: General Properties
    Table 102 Ethylbenzene Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 103 Ethylbenzene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 104 Other Aromatic Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 105 Other Aromatic Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 106 Halogenated Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 107 Halogenated Solvents Market Value, By Geography, 2011-2018 ($Million)
    Table 108 Halogenated Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 109 Halogenated Solvent Market Value, By Application, 2011-2018 ($Million)
    Table 110 Halogenated Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 111 Halogenated Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 112 Methylene Chloride: General Properties
    Table 113 Methylene Chloride Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 114 Methylene Chloride Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 115 Trichloroethylene: General Properties
    Table 116 Trichloroethylene Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 117 Trichloroethylene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 118 Perchloroethylene: General Properties
    Table 119 Perchloroethylene Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 120 Perchloroethylene Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 121 Chloroform: General Properties
    Table 122 Other Halogenated Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 123 Other Halogenated Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 124 Acetic Acid: General Properties
    Table 125 Formic Acid: General Properties
    Table 126 Ethylenediamine: General Properties
    Table 127 Other Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 128 Other Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 129 Other Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 130 Other Solvent Market Value, By Application, 2011-2018 ($Million)
    Table 131 Other Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 132 Other Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 133 Solvent Market Volume, By Application, 2011-2018 (Kt)
    Table 134 Solvent Market Value, By Application, 2011-2018 ($Million)
    Table 135 Paints & Coatings Industrial Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 136 Paints & Coatings Industrial Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 137 Paint & Coatings Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 138 Pharmaceuticals Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 139 Pharmaceuticals Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 140 Pharmaceuticals Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 141 Adhesives Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 142 Adhesives Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 143 Adhesives Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 144 Printing Inks Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 145 Printing Inks Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 146 Printing Inks Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 147 Personal Care Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 148 Personal Care Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 149 Personal Care Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 150 Metal Cleaning Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 151 Metal Cleaning Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 152 Metal Cleaning Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 153 Rubber & Polymer Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 154 Rubber & Polymer Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 155 Rubber & Polymer Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 156 Agricultural Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 157 Agricultural Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 158 Agricultural Chemicals Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 159 Other Applications Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 160 Other Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 161 Other Applications Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 162 Solvent Market Volume, By Geography, 2011-2018 (Kt)
    Table 163 Solvent Market Value, By Geography, 2011-2018 ($Million)
    Table 164 Asia-Pacific: Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 165 Asia-Pacific: Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 166 Asia-Pacific: Oxygenated Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 167 Asia-Pacific: Oxygenated Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 168 Asia-Pacific: Hydrocarbon Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 169 Asia-Pacific: Hydrocarbon Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 170 Asia-Pacific: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 171 China: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 172 Japan: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 173 Korea: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 174 Europe: Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 175 Europe: Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 176 Europe: Oxygenated Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 177 Europe: Oxygenated Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 178 Europe: Hydrocarbon Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 179 Europe: Hydrocarbon Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 180 Europe: Industrial Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 181 Germany: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 182 France: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 183 Italy: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 184 North America: Solvents Market Volume, By Geography, 2011-2018 (Kt)
    Table 185 North America: Solvent Market Value, By Type, 2011-2018($Million)
    Table 186 North America: Oxygenated Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 187 North America: Oxygenated Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 188 North America: Hydrocarbon Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 189 North America: Hydrocarbon Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 190 North America: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 191 U.S.: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 192 Canada: Solvent Market Volume, By Application, 2011-2018 (Kt)
    Table 193 ROW: Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 194 ROW: Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 195 ROW: Oxygenated Solvent Market Volume, By Type, 2011-2018 (Kt)
    Table 196 ROW: Oxygenated Solvents Market Value, By Type, 2011-2018 ($Million)
    Table 197 ROW: Hydrocarbon Solvents Market Volume, By Type, 2011-2018 (Kt)
    Table 198 ROW: Hydrocarbon Solvent Market Value, By Type, 2011-2018 ($Million)
    Table 199 ROW: Solvents Market Volume, By Application, 2011-2018 (Kt)
    Table 200 Company Analysis, By Solvent Type
    Table 201 Capacity Expansion, 2010-2013
    Table 202 Retrenchment, 2010-2013
    Table 203 New Product Developments, 2010-2013
    Table 204 Acquisitions, 2010-2013
    Table 205 Others, 2010–2013
    Table 206 BASF SE: Product Specification, By Category & Type
    Table 207 BASF SE: Product Specification, By Category, Type & Trade Name
    Table 208 Eastman Chemical Company: Product Category & their Types
    Table 209 Exxonmobil: Product Specification, By Category, Type & Trade Name
    Table 210 Honeywell: Product Specification, By Category & Type
    Table 211 Huntsman: Product Specification, By Category & Type/Brand
    Table 212 Ineos Ag: Product Specification, By Category & Type
    Table 213 Lyondellbasell Industries: Product Specification, By their Trade Name & Chemical Name
    Table 214 Royal Dutch Shell: Product Specification, By Category & Type
    Table 215 Sasol: Product Specification, By Category & Type/Brand
    Table 216 Solvay Sa: Product Specification, By Category & Type
     
     
    List of Figures (54 Figures)
     
    Figure 1 Solvent: Volume Share, By Source & Region, 2012
    Figure 2 Conventional Solvent: Volume Share, By Region, Type, & Application, 2012
    Figure 3 Solvent: Market Segmentation
    Figure 4 Solvent Market Drivers, Restraints, & Opportunities
    Figure 5 Solvent Growth Matrix, By Application
    Figure 6 Solvent Market Share, By Type & Sub-Type, 2012 (%)
    Figure 7 Conventional Solvents Growth Matrix, By Region
    Figure 8 Bio & Green Solvents Growth Matrix, By Region
    Figure 9 Conventional Solvent Market Volume, By Region & Country (Kt), 2018
    Figure 10 Solvent Competitive Developments, By Type, 2010–2013
    Figure 11 Evolution of Solvents: Timeline
    Figure 12 Value Chain Analysis for Solvents Market
    Figure 13 Paints & Coatings Systems: Growth Rate Comparison, 2013-2018 (%)
    Figure 14 Impact Analysis: Drivers, 2013-2018
    Figure 15 Impact Analysis: Restraints, 2013-2018
    Figure 16 Impact Analysis: Opportunities, 2013-2018
    Figure 17 Porter’s Five Forces Model for the Conventional Industrial Solvent Market
    Figure 18 Porter’s Five Forces Model for the Bio & Green Industrial Solvent Market
    Figure 19 Solvents Market Segmentation, By Source
    Figure 20 Solvent Market Share, By Source, 2012 (%)
    Figure 21 Solvents Market Share, By Source, 2018 (%)
    Figure 22 Solvent Market Segmentation, By Type
    Figure 23 Solvents Market Volume Share, By Type, 2012 & 2018 (%)
    Figure 24 Oxygenated Solvents Market Volume Share, By Type, 2012 & 2018 (%)
    Figure 25 Hydrocarbon Solvents Market Volume Share, By Type, 2012 & 2018 (%)
    Figure 26 Solvent Market Segmentation, By Application
    Figure 27 Solvents Market Volume Share, By Application, 2012 (%)
    Figure 28 Solvent Market Volume Share, By Application, 2018 (%)
    Figure 29 Solvents in Paints & Coatings: Market Growth Matrix
    Figure 30 Solvent in Pharmaceuticals: Market Growth Matrix
    Figure 31 Solvents in Adhesives: Market Growth Matrix
    Figure 32 Solvents in Printing Inks: Market Growth Matrix
    Figure 33 Solvent in Personal Care Products: Market Growth Matrix
    Figure 34 Solvents in Metal Cleaning: Market Growth Matrix
    Figure 35 Solvents in Rubber & Polymer: Market Growth Matrix
    Figure 36 Solvent in Agricultural Solvents: Market Growth Matrix
    Figure 37 Solvents in Other Applications: Market Growth Matrix
    Figure 38 Solvent Market Segmentation, By Geography
    Figure 39 Solvents Market Volume Share, By Region, 2012 (%)
    Figure 40 Solvent Market Volume Share, By Region, 2018 (%)
    Figure 41 Asia-Pacific: Solvent Market Volume Share, By Country, 2012 (%)
    Figure 42 Europe: Solvent Market Volume Share, By Country, 2012 (%)
    Figure 43 North America: Industrial Solvent Market Volume Share, By Country, 2012
    Figure 44 Asia-Pacific: Industrial Solvent Market Volume Share, By Country, 2012
    Figure 45 Competitive Developments, By Growth Strategy, 2010-2013
    Figure 46 Competitive Developments, By Year, 2010-2013
    Figure 47 Competitive Developments, By Geography, 2010-2013
    Figure 48 Competitive Developments, By Company, 2010-2013
    Figure 49 Growth Strategies of the Top Five Companies, 2010–2013
    Figure 50 Capacity Expansion, 2010–2013
    Figure 51 Retrenchment, 2010-2013
    Figure 52 New Product Development, 2010-2013
    Figure 53 Acquisitions, 2010-2013
    Figure 54 Others, 2010–2013

    The global solvent market is anticipated to increase by 3.0% annually, to reach 33.4 million tons, by 2018. Solvents are primarily used to dissolve, suspend, and carry particles, thereby forming a solution. The bio & green solvent market is growing at a high rate, while the conventional solvents market is greatly matured. The report covers the solvents market and its trends that concern four regions, namely, North America, Europe, Asia-Pacific, and ROW (Rest of the World); and the major countries in each region such as U.S., Canada, Germany, China, South Arabia, Brazil, and others.

    Various applications such as paints & coatings, pharmaceuticals, adhesives, printing inks, personal care, metal cleaning, rubber & polymer, agricultural chemicals, and others are covered. Solvents by types , that is, oxygenated, hydrocarbon, and halogenated, which include others have also been studied. These have further been broken down by their respective sub types, such as alcohols, glycols, glycol ethers, ketones, and esters for oxygenated solvents, aliphatic and aromatic solvent for hydrocarbon, methylene chloride, trichloroethylene, and perchloroethylene for halogenated solvents.

    Asia-Pacific, being the global manufacturing hub of the world, is the largest market for solvent. Emerging economies such as China and India, and growing activities in the construction and automotive sector provide a further push to the market. Globally, paints & coatings is the largest market for solvents.

    Solvent Market Share, by Region, 2012

    Solvent Market

    Source: MarketsandMarkets Analysis

    Asia-Pacific will continue to lead the global solvent market by 2018. However, North America and Europe will lead the consumption of bio & green solvents due to growing regulations and concerns for high VOC emission. Toxicity issues, due to the usage of conventional solvents, is leading to a rapid replacement of these with the green alternatives. In the solvents market, the industry comprises of several global and regional players such as BASF (Germany), ExxonMobil (U.S.), The DOW Chemical Company (U.S.), and Sinopec (China) among various others.

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