Solvent Market Size | ****** Industry Report 2014 to 2020

The ****** solvent market is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the ****** market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.

Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.

To request a sample copy or view summary of this report, click the link below:
www.grandviewresearch.com/industry-analysis/solvent-market

Further key findings from the study suggest:

  • The ****** market for solvents was 18,303.2 kilo tons in 2013 and is expected to reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.
  • Paints & coatings were the largest application segment for solvents and accounted for over 60% of total market volume in 2013. Along with being the largest application segment, paints & coatings are also expected to be the fastest growing application for solvents, at an estimated CAGR of 3.6% from 2014 to 2020. Growth of ****** paints and coatings industry is expected to drive the demand for solvents over the next six years.
  • Asia Pacific continued its dominance in the ****** market and accounted for over 40% of total market volume in 2013. In addition of being the largest market, Asia Pacific is also expected to be the fastest growing regional market for solvents at an estimated CAGR of 3.7% from 2014 to 2020.
  • The ****** market for solvents is moderately fragmented with top four companies including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum (BP) accounting for just over 45% of total market in 2013. Some other companies operating in the ****** market include BASF, Sasol Solvents, Celanese Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

www.grandviewresearch.com/industry-analysis/solvent-market

Grand View Research has segmented the solvent market on the basis of product, application and region:

****** Solvent Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 – 2020)

  • Alcohols
  • Hydrocarbons
  • Ketones
  • Esters
  • Chlorinated
  • Others (including glycols and soy oil)

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