mea solvents market

MEA Solvents Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145617
  • Pages: 250
  • Format: prudent report format

The solvents market is expected to reach USD 42,627.99 Million by 2030 from USD 29,343.32 Million in 2022, growing at a CAGR of 5.0% in the forecast period of 2023 to 2030

Market Segmentation:
Middle East and Africa Solvents Market, By Category (Oxygenated Solvents, Hydrocarbon Solvents, Halogenated Solventsy Source (Conventional, Bio-Based), Application (Paints and Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Metal Cleaning Country (South Africa, Saudi Arabia, Egypt, United Arab Emirates, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2030
Overview of Solvents Market Dynamics :

Driver
Growing demand for solvents in paints and coatings industry
Restrain

Health and safety concerns related to the usage of solvents
Opportunity

Shifting focus of manufacturers towards eco-friendly solvents


Market Players:

The key players operating in the solvents market are:
Arkema
INVISTA ( A Subsidiary of Koch Industries, Inc.)
Ashland
Bharat Petroleum Corporation Limited
Huntsman International LLC
Solvay
ADM
Shell Global
BP p.l.c.
Eastman Chemical Company
INEOS GROUP HOLDINGS S.A.
BASF SE
Celanese Corporation
Cargill, Incorporated
Reliance Industries Limited
Honeywell International Inc.
LyondellBasell Industries Holding B.V.
Exxon Mobil Corporation
Monument Chemical
Dow
Olin Corporation



TABLE OF CONTENTS
1 INTRODUCTION 36
1.1 OBJECTIVES OF THE STUDY 36
1.2 MARKET DEFINITION 36
1.3 OVERVIEW 36
1.4 LIMITATION 37
1.5 MARKETS COVERED 37
2 MARKET SEGMENTATION 40
2.1 MARKETS COVERED 40
2.2 GEOGRAPHICAL SCOPE 41
2.3 YEARS CONSIDERED FOR THE STUDY 42
2.4 CURRENCY AND PRICING 42
2.5 DBMR TRIPOD DATA VALIDATION MODEL 43
2.6 PRODUCT LIFE LINE CURVE 46
2.7 MULTIVARIATE MODELING 47
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 48
2.9 DBMR MARKET POSITION GRID 49
2.10 MARKET APPLICATION COVERAGE GRID 50
2.11 DBMR MARKET CHALLENGE MATRIX 51
2.12 DBMR VENDOR SHARE ANALYSIS 52
2.13 SECONDARY SOURCES 53
2.14 ASSUMPTIONS 54
3 EXECUTIVE SUMMARY 55
4 PREMIUM INSIGHTS 57
4.1 PESTLE ANALYSIS 58
4.1.1 POLITICAL FACTORS 58
4.1.2 ECONOMIC FACTORS 58
4.1.3 SOCIAL FACTORS 59
4.1.4 TECHNOLOGICAL FACTORS 59
4.1.5 LEGAL FACTORS 59
4.1.6 ENVIRONMENTAL FACTORS 59
4.2 PORTER'S FIVE FORCES: 60
4.2.1 THE THREAT OF NEW ENTRANTS: 60
4.2.2 THE THREAT OF SUBSTITUTES: 61
4.2.3 CUSTOMER BARGAINING POWER: 61
4.2.4 SUPPLIER BARGAINING POWER: 61
4.2.5 INTERNAL COMPETITION (RIVALRY): 62
4.3 CLIMATE CHANGE SCENARIO 63
4.3.1 ENVIRONMENTAL CONCERNS 63
4.3.2 INDUSTRY RESPONSE 63
4.3.3 GOVERNMENTS ROLE 63
4.3.4 ANALYST RECOMMENDATION 64
4.4 PRODUCTION ANALYSIS 65
4.4.1 PRODUCTION ANALYSIS 66
4.5 SUPPLY CHAIN ANALYSIS 67
4.5.1 OVERVIEW 67
4.5.2 LOGISTIC COST SCENARIO 67
4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 68
4.6 VENDOR SELECTION CRITERIA 69
4.7 LIST OF KEY BUYERS 71
4.8 RAW MATERIAL COVERAGE 78
4.9 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 79
5 REGULATION COVERAGE 80
6 MARKET OVERVIEW 82
6.1 DRIVERS 84
6.1.1 GROWING DEMAND FOR SOLVENTS IN THE PAINTS AND COATINGS INDUSTRY 84
6.1.2 RISING USAGE OF PRINTING INKS FOR DIFFERENT INDUSTRIAL APPLICATIONS 84
6.1.3 POSITIVE OUTLOOK TOWARD BEAUTY & PERSONAL CARE PRODUCTS INDUSTRY 85
6.1.4 GROWING ADOPTION OF POLYMERS AND RUBBERS ACROSS VARIOUS SEGMENTS 86
6.1.5 POSITIVE OUTLOOK TOWARD THE AGROCHEMICALS INDUSTRY 86
6.1.6 INCREASING SPENDING IN THE PHARMACEUTICAL SECTOR 87
6.2 RESTRAINTS 88
6.2.1 HEALTH AND SAFETY CONCERNS RELATED TO THE USAGE OF SOLVENTS 88
6.2.2 TECHNICAL COMPLEXITIES IN SOLVENT RECOVERY AND REUSE 88
6.3 OPPORTUNITIES 89
6.3.1 SHIFTING THE FOCUS OF MANUFACTURERS TOWARD ECO-FRIENDLY SOLVENTS 89
6.3.2 IMMENSE POTENTIAL IN THE RENEWABLE ENERGY SECTOR 89
6.4 CHALLENGES 90
6.4.1 ISSUES IN TRANSPORTATION AND STORAGE OF SOLVENTS 90
6.4.2 STRINGENT RULES AND REGULATIONS 90
7 MIDDLE EAST & AFRICA SOLVENTS MARKET, BY REGION 92
7.1 MIDDLE EAST AND AFRICA 93
7.1.1 SOUTH AFRICA 102
7.1.2 SAUDI ARABIA 107
7.1.3 EGYPT 111
7.1.4 UNITED ARAB EMIRATES 115
7.1.5 ISRAEL 120
7.1.6 REST OF MIDDLE EAST AND AFRICA 124
8 MIDDLE EAST & AFRICA SOLVENTS MARKET: COMPANY LANDSCAPE 125
8.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 125
8.2 PRODUCT LAUNCH 126
8.3 AGREEMENT 126
8.4 ACQUISITION 127
8.5 AWARD 128
9 SWOT ANALYSIS 129
10 COMPANY PROFILE 130
10.1 ADM 130
10.1.1 COMPANY SNAPSHOT 130
10.1.2 COMPANY SHARE ANALYSIS 130
10.1.3 PRODUCT PORTFOLIO 131
10.1.4 REVENUE ANALYSIS 131
10.1.5 RECENT DEVELOPMENTS 131
10.2 RELIANCE INDUSTRIES LIMITED 132
10.2.1 COMPANY SNAPSHOT 132
10.2.2 REVENUE ANALYSIS 132
10.2.3 COMPANY SHARE ANALYSIS 133
10.2.4 PRODUCT PORTFOLIO 133
10.2.5 RECENT DEVELOPMENTS 133
10.3 BP P.L.C. 134
10.3.1 COMPANY SNAPSHOT 134
10.3.2 REVENUE ANALYSIS 134
10.3.3 COMPANY SHARE ANALYSIS 135
10.3.4 PRODUCT PORTFOLIO 135
10.3.5 RECENT DEVELOPMENTS 135
10.4 EASTMAN CHEMICAL COMPANY (2022) 136
10.4.1 COMPANY SNAPSHOT 136
10.4.2 REVENUE ANALYSIS 136
10.4.3 COMPANY SHARE ANALYSIS 137
10.4.4 PRODUCT PORTFOLIO 137
10.4.5 RECENT UPDATES 137
10.5 BHARAT PETROLEUM CORPORATION LIMITED (2022) 139
10.5.1 COMPANY SNAPSHOT 139
10.5.2 REVENUE ANALYSIS 139
10.5.3 COMPANY SHARE ANALYSIS 140
10.5.4 PRODUCT PORTFOLIO 140
10.5.5 RECENT DEVELOPMENT 140
10.6 OLIN CORPORATION 141
10.6.1 COMPANY SNAPSHOT 141
10.6.2 REVENUE ANALYSIS 141
10.6.3 PRODUCT PORTFOLIO 142
10.6.4 RECENT DEVELOPMENTS 143
10.7 ARKEMA (2022) 144
10.7.1 COMPANY SNAPSHOT 144
10.7.2 REVENUE ANALYSIS 144
10.7.3 PRODUCT PORTFOLIO 145
10.7.4 RECENT DEVELOPMENT 145
10.8 ASHLAND.(2022) 146
10.8.1 COMPANY SNAPSHOT 146
10.8.2 REVENUE ANALYSIS 146
10.8.3 PRODUCT PORTFOLIO 147
10.8.4 RECENT UPDATE 148
10.9 BASF SE 149
10.9.1 COMPANY SNAPSHOT 149
10.9.2 REVENUE ANALYSIS 149
10.9.3 PRODUCT PORTFOLIO 150
10.9.4 RECENT UPDATE 152
10.10 CARGILL, INCORPORATED 153
10.10.1 COMPANY SNAPSHOT 153
10.10.2 REVENUE ANALYSIS 153
10.10.3 PRODUCT PORTFOLIO 154
10.10.4 RECENT DEVELOPMENT 154
10.11 CELANESE CORPORATION (2022) 155
10.11.1 COMPANY SNAPSHOT 155
10.11.2 REVENUE ANALYSIS 155
10.11.3 PRODUCT PORTFOLIO 156
10.11.4 RECENT UPDATE 156
10.12 DOW 157
10.12.1 COMPANY SNAPSHOT 157
10.12.2 REVENUE ANALYSIS 157
10.12.3 PRODUCT PORTFOLIO 158
10.12.4 RECENT DEVELOPMENTS 160
10.13 EXXON MOBIL CORPORATION(2022) 161
10.13.1 COMPANY SNAPSHOT 161
10.13.2 REVENUE ANALYSIS 161
10.13.3 PRODUCT PORTFOLIO 162
10.13.4 RECENT UPDATES 162
10.14 HONEYWELL INTERNATIONAL INC. (2022) 163
10.14.1 COMPANY SNAPSHOT 163
10.14.2 REVENUE ANALYSIS 163
10.14.3 PRODUCT PORTFOLIO 164
10.14.4 RECENT DEVELOPMENTS 164
10.15 HUNTSMAN INTERNATIONAL LLC (2022) 165
10.15.1 COMPANY SNAPSHOT 165
10.15.2 REVENUE ANALYSIS 165
10.15.3 PRODUCT PORTFOLIO 166
10.15.4 RECENT DEVELOPMENT 166
10.16 INEOS GROUP HOLDINGS S.A. (2022) 167
10.16.1 COMPANY SNAPSHOT 167
10.16.2 REVENUE ANALYSIS 167
10.16.3 PRODUCT PORTFOLIO 168
10.16.4 RECENT DEVELOPMENT 168
10.17 INVISTA (A SUBSIDRIARY OF KOCH INDUSTRIES, INC.) 169
10.17.1 COMPANY SNAPSHOT 169
10.17.2 PRODUCT PORTFOLIO 169
10.17.3 RECENT DEVELOPMENTS 169
10.18 LYONDELLBASELL INDUSTRIES HOLDING B.V. (2022) 170
10.18.1 COMPANY SNAPSHOT 170
10.18.2 REVENUE ANALYSIS 170
10.18.3 PRODUCT PORTFOLIO 171
10.18.4 RECENT UPDATE 172
10.19 MONUMENT CHEMICAL 173
10.19.1 COMPANY SNAPSHOT 173
10.19.2 PRODUCT PORTFOLIO 173
10.19.3 RECENT DEVELOPMENTS 175
10.20 SHELL MIDDLE EAST & AFRICA (2022) 176
10.20.1 COMPANY SNAPSHOT 176
10.20.2 REVENUE ANALYSIS 176
10.20.3 PRODUCT PORTFOLIO 177
10.20.4 RECENT UPDATES 178
10.21 SOLVAY (2022) 179
10.21.1 COMPANY SNAPSHOT 179
10.21.2 REVENUE ANALYSIS 179
10.21.3 PRODUCT PORTFOLIO 180
10.21.4 RECENT DEVELOPMENTS 180
11 QUESTIONNAIRE 181
12 RELATED REPORTS 184
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