HOME Top Market Reports Solvent Market by Type (Ketones, Esters, Alcohols, Glycol Ethers, Aromatics, Aliphatics), Application (Paints & Coatings, Adhesives, Pharmaceuticals, Printing Inks, Personal Care), Source (Bio & Green, Conventional) - Global Forecast to 2021

Solvent Market by Type (Ketones, Esters, Alcohols, Glycol Ethers, Aromatics, Aliphatics), Application (Paints & Coatings, Adhesives, Pharmaceuticals, Printing Inks, Personal Care), Source (Bio & Green, Conventional) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: February 2017
Report Code: CH 2218

 

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The solvents market size was USD 19.99 Billion in 2015 and is projected to reach USD 28.25 Billion by 2021, at a CAGR of 7.9% from 2016 to 2021. In this study, 2015 has been considered the base year, and 2016–2021 the forecast period to estimate the market size of solvents.

Objectives of the study:

  • To analyze and forecast the market size of solvents  in terms value and volume
  • To define, describe, and segment the global solvents market by source, type, and application
  • To forecast the sizes of the market segments based on regions such as the Asia-Pacific, North America, Europe, South America, and Middle East & Africa
  • To provide detailed information regarding the important factors influencing the growth of the market (drivers, restraints, challenges and opportunities)
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To analyze competitive developments such as expansions,  joint ventures, agreements, acquisitions, and new product developments in the global solvents market
  • To strategically profile key players and comprehensively analyze their core competencies

Note: Core competencies of the companies are covered in terms of their key developments, SWOT analysis, and key strategies to sustain in the market.

Research Methodology:

In this report, market sizes have been derived using both, bottom-up and top-down approaches. First, the market size for type (oxygenated solvents, halogenated solvents, hydrocarbon solvents and others); source (bio & green and conventional solvents);application (paints & coatings, pharmaceuticals, metal cleaning, personal care, agricultural chemicals, adhesives, printing inks , rubber & polymer and others) and for various regions (Asia-Pacific, North America, Europe, South America, Middle East & Africa) is identified through both, secondary and primary research. The overall solvents market sizes for various regions and countries have been calculated by adding these individual market sizes. The solvents market has been further segmented based on application, using percentage splits gathered during the research. For future growth (CAGRs) trends of the solvents, the applications – paints & coatings, pharmaceuticals, metal cleaning, personal care, agricultural chemicals, adhesives, printing inks, rubbers & polymers, and others have been analyzed. The secondary resources include annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as factiva, ICIS, bloomberg, and so on. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:

Solvent Market

To know about the assumptions considered for the study, download the pdf brochure

The solvents value chain includes solvents manufacturers such as Royal Dutch Shell Plc (Netherlands), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Inc. (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), ExxonMobil Corporation (U.S.), Celanese Corporation (U.S.), Eastman Chemical Co. (U.S.), Honeywell International Inc. (U.S.), and INEOS AG (Switzerland). Solvents are majorly used in paints & coatings, pharmaceuticals, metal cleaning, personal care, agricultural chemicals, adhesives, printing inks, rubbers & polymers, and others.

Target Audience:

  • Industrial solvent manufacturers, dealers, and suppliers
  • Government bodies
  • End-use industries
  • Feedstock suppliers
  • Industry associations
  • Large infrastructure companies
  • Investment banks
  • Consulting companies/consultants in chemical and material sectors

“Thisstudy answers several questions for the stakeholders, primarily, which market segments they need to focus upon during the next two to five years to prioritize their efforts and investments”.

Scope of the Report:

This report categorizes the global solvents market based on source, type, application, and region.

Market Segmentation, by Source:

The solvents market has been segmented based on source:

  • Bio & Green Solvents
  • Conventional Solvents

Market Segmentation, by Product:

The solvents market has been segmented based on type:

  • Oxygenated Solvents
  • Hydrocarbon Solvents
  • Halogenated Solvents
  • Others

Market Segmentation, by Application:

The solvents market has been segmented based on Application:

  • Paints & Coatings
  • Agricultural Chemicals
  • Pharmaceuticals
  • Polymers & Rubbers  
  • Adhesives
  • Printing Inks
  • Metal Cleaning
  • Personal Care
  • Others

Market Segmentation, by Region:

The regional analysis covers the following:

  • Asia-Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country, additional application, and/or type

Company Information

  • Detailed analysis and profiles of additional market players (Up to five)

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Covered
           1.3.2 Years Considered for the Study
           1.3.3 Currency
           1.3.4 Package Size
           1.3.5 Limitations
    1.4 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Market Size Estimation: Bottom-Up Approach
           2.2.2 Market Size Estimation: Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 Attractive Opportunities in the Solvents Market
    4.2 Conventional Solvents Market, By Region
    4.3 Conventional Solvents Market in Asia-Pacific, By Application and Country
    4.4 Conventional Solvents Market Attractiveness
    4.5 Conventional Solvents Market, By Application

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 History of Solvents
    5.3 Market Segmentation
           5.3.1 By Source
           5.3.2 By Type
           5.3.3 By Application
           5.3.4 By Region
    5.4 Market Dynamics
           5.4.1 Impact Analysis
           5.4.2 Drivers
                    5.4.2.1 Drivers for Conventional Solvents
                               5.4.2.1.1 Growth in the Construction and Automotive Industries
                               5.4.2.1.2 Declining Crude Oil Prices
                    5.4.2.2 Drivers for Bio & Green Solvents
                               5.4.2.2.1 Growing Penetration in End-Use Applications
                               5.4.2.2.2 Environmental Regulations to Reduce Vocs
           5.4.3 Restraints
                    5.4.3.1 Restraints for Conventional Solvents
                               5.4.3.1.1 Industries Switching to Bio & Green Solvents
                    5.4.3.2 Restraints for Bio & Green Solvents
                               5.4.3.2.1 Rate of Reaction
                               5.4.3.2.2 Cost and Performance Issues
           5.4.4 Opportunities
                    5.4.4.1 Opportunities for Conventional Solvents
                               5.4.4.1.1 Growing Opportunities in Emerging Economies Such as China and India
                    5.4.4.2 Opportunities for Bio & Green Solvents
                               5.4.4.2.1 Federal Government’s Preference Toward Bio-Based Products
                               5.4.4.2.2 Extensive R&D
           5.4.5 Challenges
                    5.4.5.1 Harmful Effects of Conventional Solvents

6 Industry Trends (Page No. - 51)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 Raw Materials/Source of Raw Materials
           6.2.2 Manufacturing
           6.2.3 Final Product
           6.2.4 Applications
    6.3 Porter’s Five Forces Analysis
           6.3.1 Conventional Solvents Market
                    6.3.1.1 Threat of New Entrants
                    6.3.1.2 Threat of Substitutes
                    6.3.1.3 Bargaining Power of Buyers
                    6.3.1.4 Bargaining Power of Suppliers
                    6.3.1.5 Intensity of Competitive Rivalry
           6.3.2 Bio & Green Solvents Market
                    6.3.2.1 Threat of New Entrants
                    6.3.2.2 Threat of Substitutes
                    6.3.2.3 Bargaining Power of Buyers
                    6.3.2.4 Bargaining Power of Suppliers
                    6.3.2.5 Intensity of Competitive Rivalry

7 Solvents Market, By Source (Page No. - 59)
    7.1 Introduction
           7.1.1 Conventional Solvents
           7.1.2 Bio & Green Solvents

8 Conventional Solvents Market, By Type (Page No. - 66)
    8.1 Introduction
    8.2 Market Size Estimation
           8.2.1 Oxygenated Solvents
                    8.2.1.1 Alcohols
                               8.2.1.1.1 Methanol
                               8.2.1.1.2 Propanol
                               8.2.1.1.3 Ethanol
                               8.2.1.1.4 Butanol
                               8.2.1.1.5 Other Alcohols
                    8.2.1.2 Esters
                               8.2.1.2.1 Ethyl Acetate
                               8.2.1.2.2 Butyl Acetate
                               8.2.1.2.3 Other Acetates
                    8.2.1.3 Ketones
                               8.2.1.3.1 Acetone
                               8.2.1.3.2 Methyl Ethyl Ketone (MEK)
                               8.2.1.3.3 Methyl Isobutyl Ketone (MIBK)
                               8.2.1.3.4 Other Ketones
                    8.2.1.4 Glycol Ethers
                               8.2.1.4.1 E-Series Glycol Ethers
                               8.2.1.4.2 P-Series Glycol Ethers
                               8.2.1.4.3 Other Glycol Ethers
                    8.2.1.5 Glycol
                               8.2.1.5.1 Propylene Glycol
                               8.2.1.5.2 Ethylene Glycol
           8.2.2 Hydrocarbon Solvents
                    8.2.2.1 Aliphatic Solvents
                    8.2.2.2 Aromatic Solvents
                               8.2.2.2.1 Xylene
                               8.2.2.2.2 Toluene
                               8.2.2.2.3 Benzene
                               8.2.2.2.4 Ethylbenzene
                               8.2.2.2.5 Other Aromatic Solvents
           8.2.3 Halogenated Solvents
                    8.2.3.1 Trichloroethylene
                    8.2.3.2 Methylene Chloride
                    8.2.3.3 Perchloroethylene
                    8.2.3.4 Others Halogenated Solvents
           8.2.4 Other Solvents

9 Conventional Solvents Market, By Application (Page No. - 114)
    9.1 Introduction
    9.2 Paints & Coatings
    9.3 Agricultural Chemicals
    9.4 Pharmaceuticals
    9.5 Adhesives
    9.6 Printing Inks
    9.7 Metal Cleaning
    9.8 Personal Care
    9.9 Rubber & Polymer
    9.10 Others

10 Solvents Market, By Region (Page No. - 131)
     10.1 Introduction
     10.2 Conventional Solvents Market, By Region
     10.3 Asia-Pacific
             10.3.1 Overview
             10.3.2 China
             10.3.3 Japan
             10.3.4 India
             10.3.5 South Korea
             10.3.6 Indonesia
             10.3.7 Australia
             10.3.8 Rest of Asia-Pacific
     10.4 Europe
             10.4.1 Overview
             10.4.2 Germany
             10.4.3 France
             10.4.4 Italy
             10.4.5 U.K.
             10.4.6 Russia
             10.4.7 Spain
             10.4.8 Poland
             10.4.9 Rest of Europe
     10.5 North America
             10.5.1 Overview
             10.5.2 U.S.
             10.5.3 Canada
             10.5.4 Mexico
     10.6 Middle East & Africa
             10.6.1 Overview
             10.6.2 Saudi Arabia
             10.6.3 Turkey
             10.6.4 Iran
             10.6.5 South Africa
             10.6.6 Qatar
             10.6.7 Rest of Middle East & Africa
     10.7 South America
             10.7.1 Overview
                        10.7.1.1 Brazil
                        10.7.1.2 Argentina
                        10.7.1.3 Rest of South America

11 Competitive Landscape (Page No. - 161)
     11.1 Overview
     11.2 Growth Strategies Adopted in the Solvents Market, 2012–2017
     11.3 Market Share Analysis of Key Players
             11.3.1 BASF SE
             11.3.2 Royal Dutch Shell PLC.
             11.3.3 Lyondellbasell Industries N.V.
     11.4 Competitive Benchmarking
     11.5 Competitive Situations and Trends
             11.5.1 Expansions
             11.5.2 New Product Launches
             11.5.3 Acquisitions
             11.5.4 Agreements
             11.5.5 Joint Ventures

12 Company Profiles (Page No. - 175)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     12.1 Royal Dutch Shell PLC
     12.2 Lyondellbasell Industries Holdings B.V.
     12.3 Huntsman Corporation
     12.4 Ashland Global Holdings Inc.
     12.5 BASF SE
     12.6 Exxonmobil Corporation
     12.7 Celanese Corporation
     12.8 Eastman Chemical Company
     12.9 Solvay SA
     12.10 Honeywell International Inc.
     12.11 Ineos AG
     12.12 Other Market Players
             12.12.1 Arkema SA
             12.12.2 Bp PLC
             12.12.3 Cargill Incorporated
             12.12.4 Chevron Phillips Chemical Co.
             12.12.5 DOW Chemical Company
             12.12.6 Flotek Industries Inc.
             12.12.7 Invista Sarl
             12.12.8 Monument Chemical Inc.
             12.12.9 Olin Corporation
             12.12.10 Top Solvent Co., Ltd.

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

13 Appendix (Page No. - 215)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (176 Tables)

Table 1 Polar and Non-Polar Solvents
Table 2 Commonly Used Solvents
Table 3 Reasons for Undesirable Solvents
Table 4 Solvents Market, By Source
Table 5 Solvents Market, By Type
Table 6 Solvents Market, By Application
Table 7 Top 10 Economies By GDP in Ppp Terms, 2015
Table 8 Solvents Market Size , By Source, 2014–2021 (Kiloton)
Table 9 Solvents Market Size, By Source, 2014–2021 (USD Million)
Table 10 Bio & Green Solvents Market, By Region, 2014–2021 (Kiloton)
Table 11 Bio & Green Solvents Market, By Region, 2014–2021 (USD Million)
Table 12 Bio & Green Solvents Market, By Type, 2014–2021 (Kiloton)
Table 13 Bio & Green Solvents Market, By Type, 2014–2021 (USD Million)
Table 14 Bio & Green Solvents Market, By Application, 2014–2021 (Kiloton)
Table 15 Bio & Green Solvents Market, By Application, 2014–2021 (USD Million)
Table 16 Conventional Solvents Market Size, By Product Type, 2014–2021 (Kiloton)
Table 17 Conventional Solvents Market Size, By Product Type, 2014–2021 (USD Million)
Table 18 Oxygenated Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 19 Oxygenated Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 20 Oxygenated Solvents Market Size, By Type, 2014–2021 (Kiloton)
Table 21 Oxygenated Solvents Market Size, By Type, 2014–2021 (USD Million)
Table 22 Alcohols Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 23 Alcohols Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 24 Methanol: General Properties
Table 25 Methanol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 26 Methanol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 27 Propanol: General Properties
Table 28 Propanol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 29 Propanol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 30 Ethanol: General Properties
Table 31 Ethanol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 32 Ethanol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 33 Butanol: General Properties
Table 34 Butanol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 35 Butanol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 36 Other Alcohol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 37 Other Alcohol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 38 Esters Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 39 Esters Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 40 Ethyl Acetate: General Properties
Table 41 Ethyl Acetate Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 42 Ethyl Acetate Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 43 Butyl Acetate: General Properties
Table 44 Butyl Acetate Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 45 Butyl Acetate Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 46 Other Acetate Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 47 Other Acetate Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 48 Ketone Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 49 Ketone Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 50 Acetone: General Properties
Table 51 Acetone Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 52 Acetone Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 53 MEK: General Properties
Table 54 MEK Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 55 MEK Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 56 MIBK: General Properties
Table 57 MIBK Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 58 MIBK Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 59 Other Ketone Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 60 Other Ketone Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 61 Glycol Ether Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 62 Glycol Ether Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 63 E-Series Glycol Ether Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 64 E-Series Glycol Ether Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 65 P-Series Glycol Ether Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 66 P-Series Glycol Ether Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 67 Other Glycol Ether Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 68 Other Glycol Ether Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 69 Glycol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 70 Glycol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 71 Propylene Glycol: General Properties
Table 72 Propylene Glycol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 73 Propylene Glycol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 74 Ethylene Glycol: General Properties
Table 75 Ethylene Glycol Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 76 Ethylene Glycol Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 77 Hydrocarbon Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 78 Hydrocaron Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 79 Hydrocarbon Solvents Market Size, By Type, 2014–2021 (Kiloton)
Table 80 Hydrocaron Solvents Market Size, By Type, 2014–2021 (USD Million)
Table 81 Aliphatic Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 82 Aliphatic Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 83 Aromatic Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 84 Aromatic Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 85 Xylene: General Properties
Table 86 Xylene Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 87 Xylene Solvent Market Size, By Region, 2014–2021 (USD Million)
Table 88 Toluene: General Properties
Table 89 Toluene Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 90 Toluene Solvent Market Size, By Region, 2014–2021 (USD Million)
Table 91 Benzene: General Properties
Table 92 Benzene Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 93 Benzene Solvent Market Size, By Region, 2014–2021 (USD Million)
Table 94 Ethylbenzene: General Properties
Table 95 Ethylbenzene Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 96 Ethylbenzene Solvent Market Size, By Region, 2014–2021 (USD Million)
Table 97 Other Aromatic Solvent Market Size, By Region, 2014–2021 (Kiloton)
Table 98 Other Aromatic Solvent Market Size, By Region, 2014–2021 (USD Million)
Table 99 Halogenated Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 100 Halogenated Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 101 Halogenated Solvents Market Size, By Type, 2014–2021 (Kiloton)
Table 102 Halogenated Solvents Market Size, By Type, 2014–2021 (USD Million)
Table 103 Trichloroethylene: General Properties
Table 104 Trichloroethylene Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 105 Trichloroethylene Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 106 Methylene Chloride: General Properties
Table 107 Methylene Chloride Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 108 Methylene Chloride Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 109 Perchloroethylene: General Properties
Table 110 Perchloroethylene Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 111 Perchloroethylene Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 112 Chloroform: General Properties
Table 113 Other Halogenated Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 114 Other Halogenated Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 115 Other Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 116 Other Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 117 Other Solvents Market Size, By Type, 2014–2021 (Kiloton)
Table 118 Other Solvents Market Size, By Type, 2014–2021 (USD Milllion)
Table 119 Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 120 Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 121 Conventional Solvents Market Size in Paints & Coatings, By Region, 2014–2021 (Kiloton)
Table 122 Conventional Solvents Market Size in Paints & Coatings, By Region, 2014–2021 (USD Million)
Table 123 Conventional Solvents Market Size in Agricultural Chemicals, By Region, 2014–2021 (Kiloton)
Table 124 Conventional Solvents Market Size in Agricultural Chemicals, By Region, 2014–2021 (USD Million)
Table 125 Conventional Solvents Market Size in Pharmaceuticals, By Region, 2014–2021 (Kiloton)
Table 126 Conventional Solvents Market Size in Pharmaceuticals, By Region, 2014–2021 (USD Million)
Table 127 Conventional Solvents Market Size in Adhesives, By Region, 2014–2021 (Kiloton)
Table 128 Conventional Solvents Market Size in Adhesives, By Region, 2014–2021 (USD Million)
Table 129 Conventional Solvents Market Size in Printing Inks, By Region, 2014–2021 (Kiloton)
Table 130 Conventional Solvents Market Size in Printing Inks, By Region, 2014–2021 (USD Million)
Table 131 Conventional Solvents Market Size in Metal Cleaning, By Region, 2014–2021 (Kiloton)
Table 132 Conventional Solvents Market Size in Metal Cleaning, By Region, 2014–2021 (USD Million)
Table 133 Conventional Solvents Market Size in Personal Care, By Region, 2014–2021 (Kiloton)
Table 134 Conventional Solvents Market Size in Personal Care, By Region, 2014–2021 (USD Million)
Table 135 Conventional Solvents Market Size in Rubber & Polymer, By Region, 2014–2021 (Kiloton)
Table 136 Conventional Solvents Market Size in Rubber & Polymer, By Region, 2014–2021 (USD Million)
Table 137 Conventional Solvents Market Size in Other Applications, By Region, 2014–2021 (Kiloton)
Table 138 Conventional Solvents Market Size in Other Applications, By Region, 2014–2021 (USD Million)
Table 139 Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 140 Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 141 Conventional Solvents Market Size, By Region, 2014–2021 (Kiloton)
Table 142 Conventional Solvents Market Size, By Region, 2014–2021 (USD Million)
Table 143 Asia-Pacific: Conventional Solvents Market Size, By Country, 2014–2021 (Kiloton)
Table 144 Asia-Pacific: Conventional Solvents Market Size, By Country, 2014–2021 (USD Million)
Table 145 China: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 146 China: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 147 Japan: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 148 Japan: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 149 Europe: Conventional Solvents Market Size, By Country, 2014–2021 (Kiloton)
Table 150 Europe: Conventional Solvents Market Size, By Country, 2014–2021 (USD Million)
Table 151 Germany: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 152 Germany: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 153 France: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 154 France: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 155 Italy: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 156 Italy: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 157 North America: Conventional Solvents Market Size, By Country, 2014–2021 (Kiloton)
Table 158 North America: Conventional Solvents Market Size, By Country, 2014–2021 (USD Million)
Table 159 U.S.: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 160 U.S.: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 161 Canada: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 162 Canada: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 163 Middle East & Africa: Conventional Solvents Market Size, By Country, 2014–2021 (Kiloton)
Table 164 Middle East & Africa: Conventional Solvents Market Size, By Country, 2014–2021 (USD Million)
Table 165 Saudi Arabia: Conventional Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 166 Saudi Arabia: Conventional Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 167 South America: Solvents Market Size, By Country, 2014–2021 (Kiloton)
Table 168 South America: Solvents Market Size, By Country, 2014–2021 (USD Million)
Table 169 Brazil: Solvents Market Size, By Application, 2014–2021 (Kiloton)
Table 170 Brazil: Solvents Market Size, By Application, 2014–2021 (USD Million)
Table 171 Market Positioning of Major Solvent Producers
Table 172 Expansions, 2012–2017
Table 173 New Product Launches, 2012–2017
Table 174 Acquisitions, 2012–2017
Table 175 Agreements, 2012–2017
Table 176 Joint Ventures, 2012–2017


List of Figures (72 Figures)

Figure 1 Solvents: Market Segmentation
Figure 2 Years Considered for the Study
Figure 3 Solvents Market: Research Design
Figure 4 Solvents Market: Data Triangulation
Figure 5 The Bio & Green Solvents Market is Projected to Register the Highest CAGR
Figure 6 Rising Demand for Oxygenated Solvents to Drive the Conventional Solvents Market
Figure 7 Agricultural Chemicals Segment to Register the Highest CAGR Between 2016 and 2021
Figure 8 Asia-Pacific Was the Largest Conventional Solvents Market in 2015
Figure 9 Growth in the Solvents Market, 2016–2021
Figure 10 Asia-Pacific to Be the Largest Conventional Solvents Market Between 2016 and 2021
Figure 11 China Accounted for Major Share of the Asia-Pacific Conventional Solvents Market in 2015
Figure 12 The Market in Asia-Pacific to Register the Highest CAGR Between 2016 and 2021
Figure 13 Paints & Coatings Was the Major Application of Conventional Solvents in 2015
Figure 14 Evolution of Solvents
Figure 15 Solvents Market, By Region
Figure 16 Overview of Factors Governing the Solvents Market
Figure 17 Decrease in Crude Oil Prices
Figure 18 Value Chain Analysis of the Solvents Market
Figure 19 Porter’s Five Forces Analysis of the Convention Solvents Market
Figure 20 Porter’s Five Forces Analysis of the Bio & Green Solvents Market
Figure 21 Conventional Solvents to Dominate Overall Solvents Market
Figure 22 Asia-Pacific Estimated to Be the Largest Market for Conventional Solvents
Figure 23 North America to Be the Major Consumer of Bio & Green Solvents During Forecast Period
Figure 24 Oxygenated Solvents to Dominate Solvents Market During Forecast Period
Figure 25 Asia-Pacific to Be the Largest Oxygenated Solvents Market Between 2016 and 2021
Figure 26 Europe to Be the Second Largest Hydrocarbon Solvents Market Between 2016 and 2021
Figure 27 Asia-Pacific Estimated to Be the Largest Market for Halogenated Solvents Between 2016 and 2021
Figure 28 North America to Be the Second-Largest Other Solvents Market Between 2016 and 2021
Figure 29 Paints & Coatings Application to Lead the Conventional Solvents Market
Figure 30 Asia-Pacific to Be the Largest Conventional Solvents Market in Paints & Coatings Application
Figure 31 Asia-Pacific to Be the Largest Conventional Solvents Market in Agricultural Chemicals Application
Figure 32 North America to Be the Largest Conventional Solvents Market in Pharmaceuticals Application
Figure 33 Asia-Pacific to Be the Largest Conventional Solvents Market in Adhesives Application
Figure 34 Asia-Pacific to Be the Largest Conventional Solvents Market in Printing Inks Application
Figure 35 Europe to Be the Second-Largest Conventional Solvents Market in Metal Cleaning Application
Figure 36 Europe to Be the Second-Largest Conventional Solvents Market in Personal Care Applications
Figure 37 Europe to Be the Second-Largest Conventional Solvents Market in Rubber & Polymer Applications
Figure 38 Asia-Pacific to Be the Largest Conventional Solvents Market in Other Applications
Figure 39 India, China and Turkey Expected to Experience Fastest Growth During Forecast Period
Figure 40 India: Conventional Solvents Market Size, 2014–2021
Figure 41 South Korea: Conventional Solvents Market Size, 2014–2021
Figure 42 Indonesia: Conventional Solvents Market Size, 2014–2021
Figure 43 Australia: Conventional Solvents Market Size, 2014–2021
Figure 44 Rest of Asia-Pacific: Conventional Solvents Market Size, 2014–2021
Figure 45 U.K.: Conventional Solvents Market Size, 2014–2021
Figure 46 Russia: Conventional Solvents Market Size, 2014–2021
Figure 47 Spain: Conventional Solvents Market Size, 2014–2021
Figure 48 Poland: Conventional Solvents Market Size, 2014–2021
Figure 49 Rest of Europe: Conventional Solvents Market Size, 2014–2021
Figure 50 Mexico: Conventional Solvents Market Size, 2014–2021
Figure 51 Turkey: Conventional Solvents Market Size, 2014–2021
Figure 52 Iran: Conventional Solvents Market Size, 2014–2021
Figure 53 South Africa: Conventional Solvents Market Size, 2014–2021
Figure 54 Qatar: Conventional Solvents Market Size, 2014–2021
Figure 55 Rest of Middle East & Africa: Conventional Solvents Market Size, 2014–2021
Figure 56 Argentina: Conventional Solvents Market Size, 2014–2021
Figure 57 Rest of South America: Conventional Solvents Market Size, 2014–2021
Figure 58 Expansion Was the Key Growth Strategy Adopted By Major Players Between 2012 and 2017
Figure 59 Developmental Market Share: Expansion Was the Key Strategy
Figure 60 Market Share Analysis of Key Players in Solvents Market
Figure 61 BASF SE is One of the Top 3 Players in Solvents Market
Figure 62 Royal Dutch Shell PLC: Company Snapshot
Figure 63 Lyondellbasell Industries Holdings B.V.: Company Snapshot
Figure 64 Huntsman Corporation: Company Snapshot
Figure 65 Ashland Global Holdings Inc.: Company Snapshot
Figure 66 BASF SE: Company Snapshot
Figure 67 Exxonmobil Corporation: Company Snapshot
Figure 68 Celanese Corporation: Company Snapshot
Figure 69 Eastman Chemical Company: Company Snapshot
Figure 70 Solvay SA: Company Snapshot
Figure 71 Honeywell International Inc.: Company Snapshot
Figure 72 Ineos AG: Company Snapshot

The solvents market is projected to reach USD 28.25 Billion by 2021, at a CAGR of 7.9% from 2016 to 2021.The global solvents market is driven by the increased demand from end-use applications such as paints & coatings, agricultural chemicals, printing inks, adhesives, rubber & polymer, personal care, metal cleaning, pharmaceuticals, and others. Solvents are chemicals used to dissolve a substance (a solute), thereby forming a solution. They are also widely used to suspend, extract, and carry other substances without changing their physical properties. Solvents can be organic, that is, containing carbon; and inorganic, that is, not containing carbon.

Conventional solvents accounts for the largest share in the source segment. The market for solvents in conventional solvents is estimated to witness significant growth owing to the increasing usage in various applications due to its low cost, and better performance when compared to bio & green solvents. However the bio & green solvents source segment is expected to witness the fastest growth in terms of volume, from 2016 to 2021, due to their non-VOC nature.

Agricultural chemicals is estimated to be the fastest growing application of solvents. The agricultural chemicals segment is projected to drive the solvents market from 2016 to 2021. The rapid growth in population accompanied by a massive demand for food products and increasing yield fuels the growth of the conventional solvents market in the agricultural chemicals application.

The Asia-Pacific region is the largest market for solvents, in terms of both, value and volume. Population growth and rapid urbanization in key countries, such as China and India, accompanied by the rising demand for automobiles and construction contribute to the growth of the solvents market in this region. The increasing economic growth rate and heavy investments in industries including chemical is driving the demand for solvents. Also, the major market players such as Royal Dutch Shell Plc (Netherlands), BASF SE (Germany), Huntsman Corporation (U.S.), and Dow Chemical (U.S.) are setting up their plants in the Asia-Pacific region due to the availability of cheap labor, raw materials, and low cost of production.

Solvent Market

The competitiveness of the solvents market is continuously increasing with expansions and new product launches. Strategic developments are mostly undertaken by major players such as Royal Dutch Shell Plc (Netherlands), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Inc. (U.S.), BASF SE (Germany), Huntsman Corporation (U.S.), ExxonMobil Corporation (U.S.), Celanese Corporation (U.S.), Eastman Chemical Co. (U.S.), Honeywell International Inc. (U.S.), and INEOS AG (Switzerland) among others.

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