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Chemicals and Materials industry

Solvents Market Size, Insights, Key Players, Business Opportunities, Covid-19 Impact And Emerging Trends By 2028




 

The latest update of “Global Solvents Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Solvents Market.

Overview of the Solvents Market:

Solvents are substances that easily dissolve solute and become a solution. The most commonly used solvent in daily life is water. Mostly solvent and organic chemicals and available in solid, liquid, or gas form. Solvents are mostly used to extract, suspend, and carry other substances without impacting their physical properties. Alcohols, hydrocarbons, glycol ethers, acetate esters, chlorinated, and ketones are some of the conventional solvents.

Growing demand for solvents from the paints and coating industry is primarily propelling the market growth of the solvents. Also, expanding the chemical industry due to increasing demand from various end-user industries is further expected to augment the market growth of the solvent. According to the Cefic Facts & Figures 2020, world chemicals turnover was valued at €3,347 billion in 2018. Global sales grew by 2.5% from €3,266 billion in 2017 to €3,347 billion in 2018. Moreover, the growing demand for conventional solvents from construction and automotive industries is again anticipated to foster the market growth of the solvent. Furthermore, the emergence of green solvents due to rising environmental concerns and hazards associated with conventional solvents is further projected to bring new market opportunities over the forecast period.

The Asia Pacific is expected to gain significant growth due to the strong presence chemical industry in the region. According to Cefic Facts & Figures 2020, six countries out of the top 10 biggest producers are Asian (China, Japan, South Korea, India, Taiwan, and Saudi Arabia), generating chemical sales of €1,886 billion – 51.5% of the world market. In 2018, with €1,198 billion China contributed 35.8% of global chemical sales.

Key Developments:

  1. In April 2019, MilliporeSigma launched Cyrene™ — a sustainable dipolar aprotic solvent, developed in two steps from a renewable cellulose source. The bio-derived alternative was developed in response to the need for solvents to meet stricter regulatory requirements for both employee safety and environmental sustainability.
  2. In April 2019, Braskem has announced the introduction of its first partially renewable solvent produced from sugarcane ethanol. The product, called HE-70S and produced with raw materials containing biobased carbon, is part of the oxygenated solvents group, which presents a new option in the company’s chemical products portfolio.
  3. In December 2019, Circa Group has announced that via its European subsidiary Circa Sustainable Chemicals, is planning to open the first commercial plant in the European Union (EU) to produce Cyrene, a new, sustainably sourced, bio-based and safer alternative to conventional, fossil-based solvents.

Market Estimation:

The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.

COVID-19 Impact:

The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Solvents Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.

Market Competition Assessment:

The Solvents Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are

  • Dow Chemical Company
  • Sasol Solvents
  • BASF SE
  • Celanese Corporation
  • Maruzen Petrochemical
  • Ashland Inc.
  • Honeywell International Inc.
  • Eastman Chemical Company
  • Ineos A.G.
  • Exxon Mobil Corporation
  • Shell Chemical
  • and Solvay Chemicals

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Solvents Market report on the basis of Types, Applications, and Regions.

By Product Type, the market is primarily segmented into:

  • Alcohols
  • Hydrocarbons
  • Ketones
  • Esters
  • Chlorinated
  • Others

By Applications, the market is segmented into:

  • Cleaning Products
  • Paints and Coatings
  • Printing Inks
  • Pharmaceuticals
  • Adhesives and Cosmetics
  • Others

The report covers the following Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Africa
  • Middle East

Primary Research Insights:

The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.

The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:

  1. What can be the best investment choices for venturing into new product and service lines?
  2. Which regions might see the demand maturing in certain segments in near future?
  3. Which government regulations might challenge the status of key regional markets?
  4. What are some of the value-grab opportunities in various segments?
  5. What will be the barrier to entry for new players in the market?

Why You Should Buy This Report:

  • The report provides an all-inclusive environment of the analysis for the market
  • In-depth secondary research and primary interviews
  • Impact of various social, political, and economic factors
  • Porter’s Five Forces Analysis
  • Competitive Landscape

Available Customizations:

Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

Table of Content

 

1 Report Overview

 

1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Solvents Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Solvents Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Solvents Market
1.6.1 How the Covid-19 is Affecting the Solvents Market
1.6.1.1 Solvents Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Solvents Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered

 

2 Global Growth Trends by Regions

 

2.1 Solvents Market Perspective (2015-2027)
2.2 Solvents Market Growth Trends by Regions
2.2.1 Solvents Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Solvents Market Historic Market Share by Regions (2015-2021)
2.2.3 Solvents Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Solvents Market Growth Strategy
2.3.6 Primary Interviews with Key Solvents Market Players (Opinion Leaders)

 

3 Competition Landscape by Key Players

 

3.1 Global Top Solvents Market Players by Market Size
3.1.1 Global Top Solvents Market Players by Revenue (2015-2021)
3.1.2 Global Solvents Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Solvents Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Solvents Market Concentration Ratio
3.2.1 Global Solvents Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Solvents Market Revenue in 2019
3.3 Solvents Market Key Players Head office and Area Served
3.4 Key Players Solvents Market Product Solution and Service
3.5 Date of entering into Solvents Market
3.6 Mergers & Acquisitions, Expansion Plans

 

4 Breakdown Data by Type (2015-2027)

 

4.1 Global Solvents Market Historic Market Size by Type (2015-2021)
4.2 Global Solvents Market Forecasted Market Size by Type (2021-2027)

 

5 Solvents Market Breakdown Data by Application (2015-2027)

 

5.1 Global Solvents Market Size by Application (2015-2021)
5.2 Global Solvents Market Forecasted Market Size by Application (2021-2027)

 

6 North America

 

6.1 North America Solvents Market Size (2015-2021)
6.2 Solvents Market Key Players in North America (2019-2021)
6.3 North America Solvents Market Size by Type (2015-2021)
6.4 North America Solvents Market Size by Application (2015-2021)

 

7 Europe

 

7.1 Europe Solvents Market Size (2015-2021)
7.2 Solvents Market Key Players in Europe (2019-2021)
7.3 Europe Solvents Market Size by Type (2015-2021)
7.4 Europe Solvents Market Size by Application (2015-2021)

 

8 China

 

8.1 China Solvents Market Size (2015-2021)
8.2 Solvents Market Key Players in China (2019-2021)
8.3 China Solvents Market Size by Type (2015-2021)
8.4 China Solvents Market Size by Application (2015-2021)

 

9 Japan

 

9.1 Japan Solvents Market Size (2015-2021)
9.2 Solvents Market Key Players in Japan (2019-2021)
9.3 Japan Solvents Market Size by Type (2015-2021)
9.4 Japan Solvents Market Size by Application (2015-2021)

 

10 Southeast Asia

 

10.1 Southeast Asia Solvents Market Size (2015-2021)
10.2 Solvents Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Solvents Market Size by Type (2015-2021)
10.4 Southeast Asia Solvents Market Size by Application (2015-2021)

 

11 India

 

11.1 India Solvents Market Size (2015-2021)
11.2 Solvents Market Key Players in India (2019-2021)
11.3 India Solvents Market Size by Type (2015-2021)
11.4 India Solvents Market Size by Application (2015-2021)

 

12 Central & South America

 

12.1 Central & South America Solvents Market Size (2015-2021)
12.2 Solvents Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Solvents Market Size by Type (2015-2021)
12.4 Central & South America Solvents Market Size by Application (2015-2021)

 

13 Key Players Profiles

 

13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Solvents Market Introduction
13.4 Solvents Market Business (2015-2021)
13.5 Recent Development

 

14 Analyst's Viewpoints/Conclusions

 

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details

 

List of Table

 

Table 1. Solvents Market Key Market Segments
Table 2. Key Players Covered: Ranking by Solvents Market Revenue
Table 3. Ranking of Global Top Solvents Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Solvents Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Solvents Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Solvents Market Players to Combat Covid-19 Impact
Table 10. Global Solvents Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Solvents Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Solvents Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Solvents Market Share by Regions (2015-2021)
Table 14. Global Solvents Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Solvents Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Solvents Market Growth Strategy
Table 20. Main Points Interviewed from Key Solvents Market Players
Table 21. Global Solvents Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Solvents Market Share by Players (2015-2021)
Table 23. Global Top Solvents Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Solvents Market as of 2019)
Table 24. Global Solvents Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Solvents Market Product Solution and Service
Table 27. Date of entering into Solvents Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Solvents Market Size by Type (2015-2021) (Million US$)
Table 30. Global Solvents Market Size Share by Type (2015-2021)
Table 31. Global Solvents Market Revenue Market Share by Type (2021-2027)
Table 31. Global Solvents Market Size Share by Application (2015-2021)
Table 33. Global Solvents Market Size by Application (2015-2021) (Million US$)
Table 34. Global Solvents Market Size Share by Application (2021-2027)
Table 35. North America Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Solvents Market Share (2019-2021)
Table 37. North America Solvents Market Size by Type (2015-2021) (Million US$)
Table 38. North America Solvents Market Share by Type (2015-2021)
Table 39. North America Solvents Market Size by Application (2015-2021) (Million US$)
Table 40. North America Solvents Market Share by Application (2015-2021)
Table 41. Europe Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Solvents Market Share (2019-2021)
Table 43. Europe Solvents Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Solvents Market Share by Type (2015-2021)
Table 45. Europe Solvents Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Solvents Market Share by Application (2015-2021)
Table 47. China Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Solvents Market Share (2019-2021)
Table 49. China Solvents Market Size by Type (2015-2021) (Million US$)
Table 50. China Solvents Market Share by Type (2015-2021)
Table 51. China Solvents Market Size by Application (2015-2021) (Million US$)
Table 52. China Solvents Market Share by Application (2015-2021)
Table 53. Japan Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Solvents Market Share (2019-2021)
Table 55. Japan Solvents Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Solvents Market Share by Type (2015-2021)
Table 57. Japan Solvents Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Solvents Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Solvents Market Share (2019-2021)
Table 61. Southeast Asia Solvents Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Solvents Market Share by Type (2015-2021)
Table 63. Southeast Asia Solvents Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Solvents Market Share by Application (2015-2021)
Table 65. India Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Solvents Market Share (2019-2021)
Table 67. India Solvents Market Size by Type (2015-2021) (Million US$)
Table 68. India Solvents Market Share by Type (2015-2021)
Table 69. India Solvents Market Size by Application (2015-2021) (Million US$)
Table 70. India Solvents Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Solvents Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Solvents Market Share (2019-2021)
Table 73. Central & South America Solvents Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Solvents Market Share by Type (2015-2021)
Table 75. Central & South America Solvents Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Solvents Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Solvents Market Business (2015-2021) (Million US$)
Table 81. Recent Development

 

List of Figures

 

Figure 1. Global Solvents Market Share by Type: 2021 VS 2027
Figure 2. Global Solvents Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Solvents Market Report Years Considered
Figure 8. Global Solvents Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Solvents Market Share by Regions: 2021 VS 2027
Figure 10. Global Solvents Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Solvents Market Share by Players in 2019
Figure 13. Global Top Solvents Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Solvents Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Solvents Market Revenue in 2019
Figure 15. North America Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Solvents Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed

 



Frequently Asked Questions

The report efficiently evaluates the market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competitive landscape of the industry.
The report efficiently evaluates the current market size and provides industry forecast. The market was valued at xx Million US$ in 2019, and is expected to grow at a CAGR of xx% during the period 2020-2027.
The report efficiently evaluates the current market size and provides forecast for the industry in terms of Value (US$ Mn) and Volume (thousand ton / metric ton / cubic meter).
Market is segmented by Types, Applications, Technology, End-use Industries, and Regions.
The report presents the current market size, and market forecast, market opportunities, key drivers and restraints, regulatory scenario, industry trend, PESTLE analysis, PORTER’s analysis, new product approvals/launch, promotion and marketing initiatives, pricing analysis, export-import analysis, trade analysis, competitive landscape which help businesses in decision making. The analysis data is based on current and historical market trends which help in investment related decisions.
Custom research is crucial components of the business strategy which helps any organization to gain insight into specific business sector, aligned with specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.

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