HOME Top Market Reports Oxygenated Solvents Market by Source (Conventional and Bio & Green), Type (Alcohols, Esters, Glycols, Glycol Ethers, Ketones), Application (Paints & Coatings, Pharmaceuticals, Cleaners, and Crop Protection), Region - Global Forecast to 2022

Oxygenated Solvents Market by Source (Conventional and Bio & Green), Type (Alcohols, Esters, Glycols, Glycol Ethers, Ketones), Application (Paints & Coatings, Pharmaceuticals, Cleaners, and Crop Protection), Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: CH 5708

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The market size for oxygenated solvents was USD 20.25 Billion in 2016. It is projected to reach USD 32.27 Billion by 2022, at a CAGR of 7.8% from 2017 to 2022. The base year that has been considered for this study on the oxygenated solvents market is 2016, while the forecast period is between 2017 and 2022.

Objectives of the report are as follows:

  • Define and segment the oxygenated solvents market on the basis of source, type, application, and region
  • Provide detailed information regarding the major factors drivers, restraints, opportunities, and challenges influencing the growth of the oxygenated solvents market
  • Analyze and forecast the size of the oxygenated solvents market, in terms of value
  • Analyze the segmentation and project the size of the oxygenated solvents market, in terms of value for five key regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • Strategically profile the key players operating in the oxygenated solvents market
  • Analyze competitive developments, such as new product launches, expansions, mergers & acquisitions, and partnerships & agreements taking place in the oxygenated solvents market

Both, the top-down and bottom-up approaches have been used to estimate and validate the size of the oxygenated solvents market, and to determine the sizes of various other dependent submarkets. The research study that has been employed involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for the technical, market-oriented, and commercial study of the oxygenated solvents market.

Oxygenated Solvents Market

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

BASF (Germany), The Dow Chemical Company (U.S.), OXEA (Germany), Royal Dutch Shell (Netherlands), ExxonMobil (U.S.), LyondellBasell (Netherlands), Eastman Chemical Company (U.S.), SINOPEC (China), and Petronas (Malaysia) are the key players operating in the oxygenated solvents market.

Key Target Audience:

  • Suppliers of raw materials
  • Manufacturers of oxygenated solvents
  • Traders, distributors, and suppliers of oxygenated solvents
  • Government & regional agencies, research organizations, and investors related to oxygenated solvents

Scope of the Report:

This research report categorizes the oxygenated solvents market on the basis of source, type, application, and region.

Oxygenated solvents market, by Source:

  • Conventional solvent
  • Bio & Green solvent

Oxygenated solvents market, by Type:

  • Alcohols
  • Esters
  • Glycols
  • Glycol Ethers
  • Ketones
  • Bio & Green Solvents
  • Others

Oxygenated solvents market, by Application:

  • Paints & Coatings
  • Pharmaceuticals
  • Personal Care
  • Crop Protection
  • Lubricants
  • Others

Oxygenated solvents market, by region:

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

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

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

Regional Analysis:

  • Further breakdown of the regional oxygenated solvents market into key countries

Company Information:

  • Detailed analysis and profiles of additional market players

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Units Considered
    1.6 Limitations
    1.7 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 Bottom-Up Approach
           2.2.2 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 Significant Opportunities in the Oxygenated Solvents Market
    4.2 Oxygenated Solvents Market, By Application
    4.3 Asia-Pacific Oxygenated Solvents Market, By Country and By Application
    4.4 Oxygenated Solvents Market, By Region
    4.5 Oxygenated Solvents Market, By Type

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Drivers for Conventional Solvent
                               5.2.1.1.1 Growing Applications of Oxygenated Solvents
                    5.2.1.2 Drivers for Bio & Green Solvents
                               5.2.1.2.1 Increasing Environmental Regulations to Reduce Vocs
           5.2.2 Restraints
                    5.2.2.1 Restraints for Conventional Oxygenated Solvents
                               5.2.2.1.1 High Voc Emission By Conventional Oxygenated Solvents
                               5.2.2.1.2 Solvent Recycling Technology Affecting the Demand for New Solvents
                    5.2.2.2 Restraint for Bio & Green Solvents
                               5.2.2.2.1 Cost and Performance Issues
           5.2.3 Opportunities
                    5.2.3.1 Opportunities for Conventional Solvents
                               5.2.3.1.1 Growing Demand for Conventional Oxygenated Solvents in Emerging Economies
                               5.2.3.1.2 Lower Crude Oil Prices
                    5.2.3.2 Opportunities for Bio & Green Solvents
                               5.2.3.2.1 Improving Economies of Scales Due to High Demand
           5.2.4 Challenges
                    5.2.4.1 Impact of Bio & Green Solvents on Food Security
    5.3 Porter Five Force Analysis
           5.3.1 Conventional Solvent Market
                    5.3.1.1 Threat of New Entrants
                    5.3.1.2 Threat of Substitutes
                    5.3.1.3 Bargaining Power of Buyers
                    5.3.1.4 Bargaining Power of Suppliers
                    5.3.1.5 Intensity of Competitive Rivalry
           5.3.2 Bio & Green Solvents Market
                    5.3.2.1 Threat of New Entrants
                    5.3.2.2 Threat of Substitutes
                    5.3.2.3 Bargaining Power of Buyers
                    5.3.2.4 Bargaining Power of Suppliers
                    5.3.2.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Overview and Key Drivers
           5.4.1 Introduction
                    5.4.1.1 Automotive Industry Trends
                               5.4.1.1.1 Country-Wise Vehicle Sales
           5.4.2 Agricultural Industry Trends

6 Oxygenated Solvents Market, By Source (Page No. - 49)
    6.1 Introduction
           6.1.1 Conventional Solvents
           6.1.2 Bio & Green Solvents

7 Oxygenated Solvents Market, By Type (Page No. - 54)
    7.1 Introduction
           7.1.1 Alcohols
                    7.1.1.1 Methanol
                    7.1.1.2 Ethanol
                    7.1.1.3 Propanol
                    7.1.1.4 Butanol
                    7.1.1.5 Other Alcohols
           7.1.2 Esters
                    7.1.2.1 Ethyl Acetate
                    7.1.2.2 Butyl Acetate
                    7.1.2.3 Pentyl Acetate
                    7.1.2.4 Other Acetates
           7.1.3 Ketones
                    7.1.3.1 Acetone
                    7.1.3.2 Methyl Ethyl Ketone (MEK)
                    7.1.3.3 Methyl Isobutyl Ketone (MIBK)
                    7.1.3.4 Other Ketones
           7.1.4 Glycol Ethers
                    7.1.4.1 E-Series Glycol Ethers
                    7.1.4.2 P-Series Glycol Ethers
                    7.1.4.3 Butyl Glycol Ethers
           7.1.5 Glycol
                    7.1.5.1 Propylene Glycol
                    7.1.5.2 Ethylene Glycol
                    7.1.5.3 Other Glycols
           7.1.6 Bio & Green Solvent

8 Oxygenated Solvents Market, By Application (Page No. - 73)
    8.1 Introduction
    8.2 Paints & Coatings
    8.3 Crop Protection
    8.4 Pharmaceuticals
    8.5 Cleaners
    8.6 Personal Care
    8.7 Lubricants
    8.8 Others

9 Oxygenated Solvents Market, By Region (Page No. - 83)
    9.1 Introduction
    9.2 Oxygenated Solvents Market, By Region
    9.3 Asia-Pacific
           9.3.1 China
           9.3.2 Japan
           9.3.3 India
           9.3.4 South Korea
           9.3.5 Indonesia
           9.3.6 Rest of Asia-Pacific
    9.4 Europe
           9.4.1 Germany
           9.4.2 France
           9.4.3 Italy
           9.4.4 U.K.
           9.4.5 Russia
           9.4.6 Spain
           9.4.7 Rest of Europe
    9.5 North America
           9.5.1 U.S.
           9.5.2 Canada
           9.5.3 Mexico
    9.6 Middle East & Africa
           9.6.1 Saudi Arabia
           9.6.2 South Africa
           9.6.3 Rest of Middle East & Africa
    9.7 South America
           9.7.1 Brazil
           9.7.2 Argentina
           9.7.3 Rest of South America

10 Competitive Landscape (Page No. - 127)
     10.1 Introduction
     10.2 Market Ranking of Top 5 Players in Oxygenated Solvents Market
             10.2.1 BASF
             10.2.2 The DOW Chemical Company
             10.2.3 Oxea GmbH
             10.2.4 Eastman Chemical Company
             10.2.5 Lyondellbasell

11 Company Profiles (Page No. - 129)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     11.1 BASF
     11.2 The DOW Chemical Company
     11.3 Oxea GmbH
     11.4 Eastman Chemical Company
     11.5 Lyondellbasell
     11.6 Royal Dutch Shell
     11.7 Exxonmobil
     11.8 Ineos
     11.9 China Petroleum & Chemical Corporation (Sinopec)
     11.10 Petroliam Nasional Berhad (Petronas)
     11.11 Other Market Players
             11.11.1 Arkema SA
             11.11.2 Monument Chemical Inc.
             11.11.3 Celanese Corporation
             11.11.4 Huntsman Corporation
             11.11.5 Solvay SA
             11.11.6 LG Chem Ltd.
             11.11.7 Sasol SA
             11.11.8 Reliance Industries
             11.11.9 Mitsubishi Chemical Corporation
             11.11.10 Jilin Xingyun Chemical Co., Ltd.
             11.11.11 Mitsui Chemicals, Inc.
             11.11.12 Nan Ya Plastic Corp.
             11.11.13 Vertec Biosolvents
             11.11.14 Petrochina Sichuan Petrochemical Company
             11.11.15 Formosa Plastics Group

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 168)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Introducing RT: Real-Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (126 Tables)

Table 1 Top 10 Economies By GDP in PPP Terms, 2016
Table 2 Vehicle Sales, By Key Country, 2013–2016
Table 3 Regional Crop Land Usage Trend (Square Kilometer)
Table 4 Oxygenated Solvents Market Size, By Source, 2015–2022 (Kiloton)
Table 5 Oxygenated Solvents Market Size, By Source, 2015–2022 (USD Million)
Table 6 Conventional Oxygenated Solvents Market, By Region, 2015–2022 (Kiloton)
Table 7 Conventional Oxygenated Solvents Market, By Region, 2015–2022 (USD Million)
Table 8 Bio & Green Oxygenated Solvents Market, By Region, 2015–2022 (Kiloton)
Table 9 Bio & Green Oxygenated Solvents Market, By Region, 2015–2022 (USD Million)
Table 10 Oxygenated Solvents Market Size, By Type, 2015–2022 (Kiloton)
Table 11 Oxygenated Solvents Market Size, By Type, 2015–2022 (USD Million)
Table 12 Alcohol Solvents Market Size, By Region, 2015–2022 (Kiloton)
Table 13 Alcohol Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 14 Alcohol Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 15 Alcohol Solvents Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 16 Methanol: General Properties
Table 17 Ethanol: General Properties
Table 18 Propanol: General Properties
Table 19 Butanol: General Properties
Table 20 Ester Solvents Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Ester Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 22 Ethyl Acetate: General Properties
Table 23 Butyl Acetate: General Properties
Table 24 Ester Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 25 Ester Solvents Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 26 Ketone Solvents Market Size, By Region, 2015–2022 (Kiloton)
Table 27 Ketone Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 28 Acetone: General Properties
Table 29 MEK: General Properties
Table 30 MIBK: General Properties
Table 31 Ketone Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 32 Ketone Solvents Market Size, By Sub-Type, 2015–2022(USD Million)
Table 33 Glycol Ether Solvents Market Size, By Region, 2015–2022 (Kiloton)
Table 34 Glycol Ether Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 35 Glycol Ether Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 36 Glycol Ether Solvents Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 37 Glycol Solvents Market Size, By Region, 2015–2022 (Kiloton)
Table 38 Glycol Solvents Market Size, By Region, 2015–2022 (USD Million)
Table 39 Propylene Glycol: General Properties
Table 40 Glycol Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 41 Glycol Solvents Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 42 Bio & Green Solvent Solvents Market Size, By Sub-Type, 2015–2022 (Kiloton)
Table 43 Bio & Green Solvent Solvents Market Size, By Sub-Type, 2015–2022 (USD Million)
Table 44 Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 45 Oxygenated Solvents Market Size, By Application, 2015–2022 (USD Million)
Table 46 By Market Size in Paints & Coatings, By Region, 2015–2022 (Kiloton)
Table 47 By Market Size in Paints & Coatings, By Region, 2015–2022 (USD Million)
Table 48 By Market Size in Crop Protection, By Region, 2015–2022 (Kiloton)
Table 49 By Market Size in Crop Protection, By Region, 2015–2022 (USD Million)
Table 50 By Market Size in Pharmaceuticals, By Region, 2015–2022 (Kiloton)
Table 51 By Market Size in Pharmaceuticals, By Region, 2015–2022 (USD Million)
Table 52 By Market Size in Cleaners, By Region, 2015–2022 (Kiloton)
Table 53 By Market Size in Cleaners, By Region, 2015–2022 (USD Million)
Table 54 By Market Size in Personal Care, By Region, 2015–2022 (Kiloton)
Table 55 By Market Size in Personal Care, By Region, 2015–2022 (USD Million)
Table 56 By Market Size in Lubricants, By Region, 2015–2022 (Kiloton)
Table 57 By Market Size in Lubricants, By Region, 2015–2022 (USD Million)
Table 58 By Market Size in Other Applications, By Region, 2015–2022 (Kiloton)
Table 59 By Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 60 By Market Size, By Region, 2015–2022 (Kiloton)
Table 61 By Market Size, By Region, 2015–2022 (USD Million)
Table 62 Asia-Pacific: Oxygenated Solvents Market Size, By Country, 2015–2022 (Kiloton)
Table 63 Asia-Pacific: Oxygenated Solvents Market Size, By Country, 2015–2022 (USD Million)
Table 64 Asia-Pacific: Agriculture Sector Contribution to GDP (% of GDP), By Country, 2016
Table 65 Asia-Pacific: By Market Size, By Type, 2015–2022 (Kiloton)
Table 66 Asia-Pacific: By Market Size, By Type, 2015–2022 (USD Million)
Table 67 China: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 68 China: By Market Size, By Application, 2015–2022 (USD Million)
Table 69 Japan: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 70 Japan: By Market Size, By Application, 2015–2022 (USD Million)
Table 71 India: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 72 India: By Market Size, By Application, 2015–2022 (USD Million)
Table 73 South Korea: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 74 South Korea: Oxygenated Solvents Market Size, By Application, 2015–2022 (USD Million)
Table 75 Indonesia: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 76 Indonesia: By Market Size, By Application, 2015–2022 (USD Million)
Table 77 Rest of Asia-Pacific: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 78 Rest of Asia-Pacific: By Market Size, By Application, 2015–2022 (USD Million)
Table 79 Europe: Oxygenated Solvents Market Size, By Country, 2015–2022 (Kiloton)
Table 80 Europe: By Market Size, By Country, 2015–2022 (USD Million)
Table 81 Europe: By Market Size, By Type, 2015–2022 (Kiloton)
Table 82 Europe: By Market Size, By Type, 2015–2022 (USD Million)
Table 83 Germany: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 84 Germany: By Market Size, By Application, 2015–2022 (USD Million)
Table 85 France: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 86 France: By Market Size, By Application, 2015–2022 (USD Million)
Table 87 Italy: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 88 Italy: By Market Size, By Application, 2015–2022 (USD Million)
Table 89 U.K.: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 90 U.K.: By Market Size, By Application, 2015–2022 (USD Million)
Table 91 Russia: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 92 Russia: By Market Size, By Application, 2015–2022 (USD Million)
Table 93 Spain: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 94 Spain: By Market Size, By Application, 2015–2022 (USD Million)
Table 95 Rest of Europe: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 96 Rest of Europe: By Market Size, By Application, 2015–2022 (USD Million)
Table 97 North America: Oxygenated Solvents Market Size, By Country, 2015–2022 (Kiloton)
Table 98 North America: By Market Size, By Country, 2015–2022 (USD Million)
Table 99 North America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 100 North America: By Market Size, By Type, 2015–2022 (USD Million)
Table 101 U.S.: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 102 U.S.: By Market Size, By Application, 2015–2022 (USD Million)
Table 103 Canada: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 104 Canada: By Market Size, By Application, 2015–2022 (USD Million)
Table 105 Mexico: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 106 Mexico: By Market Size, By Application, 2015–2022 (USD Million)
Table 107 Middle East & Africa: Oxygenated Solvents Market Size, By Country, 2015–2022 (Kiloton)
Table 108 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 109 Middle East & Africa: By Market Size, By Type, 2015–2022 (Kiloton)
Table 110 Middle East & Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 111 Saudi Arabia: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 112 Saudi Arabia: By Market Size, By Application, 2015–2022 (USD Million)
Table 113 South Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 114 South Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 115 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (Kiloton)
Table 116 Rest of Middle East & Africa: By Market Size, By Application, 2015–2022 (USD Million)
Table 117 South America: Solvents Market Size, By Country, 2015–2022 (Kiloton)
Table 118 South America: Solvents Market Size, By Country, 2015–2022 (USD Million)
Table 119 South America: By Market Size, By Type, 2015–2022 (Kiloton)
Table 120 South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 121 Brazil: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 122 Brazil: Oxygenated Solvents Market Size, By Application, 2015–2022 (USD Million)
Table 123 Argentina: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 124 Argentina: Oxygenated Solvents Market Size, By Application, 2015–2022 (USD Million)
Table 125 Rest of South America: Oxygenated Solvents Market Size, By Application, 2015–2022 (Kiloton)
Table 126 Rest of South America: By Market Size, By Application, 2015–2022 (USD Million)


List of Figures (36 Figures)

Figure 1 Oxygenated Solvents Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Oxygenated Solvents Market: Data Triangulation
Figure 5 Conventional Oxygenated Solvents to Dominate Oxygenated Solvents Market During the Forecast Period
Figure 6 Alcohols to Be the Largest Segment of the Market Between 2017 and 2022
Figure 7 Paints & Coatings Application to Lead Oxygenated Solvents Market Between 2017 and 2022
Figure 8 Asia-Pacific Accounted for the Largest Share of Oxygenated Solvents Market
Figure 9 Emerging Economies to Offer Lucrative Growth Opportunities to Market Players Between 2017 and 2022
Figure 10 Crop Protection to Be the Fastest-Growing Application in Oxygenated Solvents Market During Forecast Period
Figure 11 Paints & Coatings to Be the Largest Application in Oxygenated Solvents Market in Asia-Pacific
Figure 12 Asia-Pacific Accounted for the Largest Share of Oxygenated Solvents Market
Figure 13 Bio & Green Solvents to Account for the Largest Market Share During Forecast Period
Figure 14 Factors Governing Oxygenated Solvents Market
Figure 15 Lower Crude Oil Prices
Figure 16 Porter’s Five Forces Analysis of the Conventional Solvents Market
Figure 17 Porter’s Five Forces Analysis of the Bio & Green Solvents Market
Figure 18 Conventional Solvents to Dominate Oxygenated Solvents Market
Figure 19 Asia-Pacific to Be the Largest Market for Conventional Solvents
Figure 20 North America to Be the Largest Market for Bio & Green Oxygenated Solvents During Forecast Period
Figure 21 Alcohols to Be the Largest Oxygenated Solvents Market
Figure 22 Paints & Coatings Application to Lead the Oxygenated Solvents Market
Figure 23 India Expected to Experience Fastest Growth During Forecast Period
Figure 24 Growing Investment in Infrastructure to Drive Asia-Pacific Oxygenated Solvents Market
Figure 25 U.S. Dominates Oxygenated Solvents Market in North America
Figure 26 U.S Oxygenated Solvents Market
Figure 27 Top 5 Players in Oxygenated Solvents Market, 2016
Figure 28 BASF SE: Company Snapshot
Figure 29 The DOW Chemical Company: Company Snapshot
Figure 30 Eastman Chemical Company: Company Snapshot
Figure 31 Lyondellbasell: Company Snapshot
Figure 32 Royal Dutch Shell: Company Snapshot
Figure 33 Exxonmobil Corporation: Company Snapshot
Figure 34 Ineos: Company Snapshot
Figure 35 China Petroleum & Chemical Corporation (Sinopec): Company Snapshot
Figure 36 Petroliam Nasional Berhad (Petronas): Company Snapshot

The oxygenated solvents market is estimated to grow from USD 22.28 Billion in 2017 to USD 32.27 Billion by 2022, at a CAGR of 7.8%. An oxygenated solvent contains oxygen molecule,with high solvency and low toxicity. These solvents are widely used in paints, inks, pharmaceuticals, perfumes, adhesives, cosmetics, detergents, and food processing. Alcohols,glycols, glycol ethers, ketones,bio & green sovlents and esters are the major types of oxygenated solvents.

By source, the bio & green solvents segment of the market is projected to grow at the highest CAGR during the forecast period. The growth is attributed to the increased use of bio & green solvents due to the use of renewable sources as raw material and their non-toxic and eco-friendly nature.

The alcohol solvents segment is estimated to be the largest, in terms of volume during the forecast period. The growth of this segment is attributed to the relatively low cost and high dissolution power alcohol solvents.

Oxygenated Solvents Market

Asia-Pacific accounted for the largest share of the oxygenated solvents market in 2016. The increased demand for oxygenated solvents in Asia-Pacific can be attributed to the shifting of the manufacturing sector from developed economy to the region. Moreover, the increasing government spending on the agricultural, pharmaceutical, and building & construction sectors in the region is also expected to fuel the growth of the market during the forecast period.

The bio & green solvents are environment friendly and may hamper the demand for the conventional oxygenated solvents.

The key players in the market include BASF (Germany), OXEA (Germany), LyondellBasell (Netherlands), SINOPEC (China), Eastman Chemical Company (U.S.) and The Dow Chemical Company(U.S.). Companies operating in the oxygenated solvents market have adopted the strategies such as new product launches, expansions, and mergers & acquisitions to enhance their market shares and expand their distribution networks across the globe. These companies engage in R&D activities to innovate and develop products that can open avenues for new applications. For instance, in July 2017, LyondellBasell planned to build a tertiary butyl alcohol plant in Houston, U.S. The plant is expected to be functional by 2021. The expansion is likely to help the company in expanding its solvents business. Similarly, in March 2017, OXEA (Germany) started the expansion of its propanol manufacturing facility in the U.S., with the construction of its new propanol plant. The expansion helped the company to cater the demand of propanol in North America.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Bulk Chemicals and Inorganics Markets on KnowledgeStore
Request Demo