solvents market

Global Solvents Market - Industry Trends and Forecast to 2030

  • Published Date: 2023-08-18
  • Report ID: 145616
  • 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:
Global 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 (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, Netherlands, U.K., Russia, Spain, Turkey, Switzerland, Belgium, Rest of Europe, China, India, Japan, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Rest of Asia-Pacific 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 58
4.1 PESTLE ANALYSIS 60
4.1.1 POLITICAL FACTORS 60
4.1.2 ECONOMIC FACTORS 60
4.1.3 SOCIAL FACTORS 61
4.1.4 TECHNOLOGICAL FACTORS 61
4.1.5 LEGAL FACTORS 61
4.1.6 ENVIRONMENTAL FACTORS 61
4.2 PORTER'S FIVE FORCES: 62
4.2.1 THE THREAT OF NEW ENTRANTS: 62
4.2.2 THE THREAT OF SUBSTITUTES: 63
4.2.3 CUSTOMER BARGAINING POWER: 63
4.2.4 SUPPLIER BARGAINING POWER: 63
4.2.5 INTERNAL COMPETITION (RIVALRY): 64
4.3 CLIMATE CHANGE SCENARIO 65
4.3.1 ENVIRONMENTAL CONCERNS 65
4.3.2 INDUSTRY RESPONSE 65
4.3.3 GOVERNMENTS ROLE 65
4.3.4 ANALYST RECOMMENDATION 66
4.4 PRODUCTION ANALYSIS 67
4.4.1 PRODUCTION ANALYSIS 68
4.5 SUPPLY CHAIN ANALYSIS 69
4.5.1 OVERVIEW 69
4.5.2 LOGISTIC COST SCENARIO 69
4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 70
4.6 VENDOR SELECTION CRITERIA 71
4.7 LIST OF KEY BUYERS 73
4.8 RAW MATERIAL COVERAGE 80
4.9 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 81
5 REGULATION COVERAGE 82
6 MARKET OVERVIEW 84
6.1 DRIVERS 86
6.1.1 GROWING DEMAND FOR SOLVENTS IN THE PAINTS AND COATINGS INDUSTRY 86
6.1.2 RISING USAGE OF PRINTING INKS FOR DIFFERENT INDUSTRIAL APPLICATIONS 86
6.1.3 POSITIVE OUTLOOK TOWARD BEAUTY & PERSONAL CARE PRODUCTS INDUSTRY 87
6.1.4 GROWING ADOPTION OF POLYMERS AND RUBBERS ACROSS VARIOUS SEGMENTS 88
6.1.5 POSITIVE OUTLOOK TOWARD THE AGROCHEMICALS INDUSTRY 88
6.1.6 INCREASING SPENDING IN THE PHARMACEUTICAL SECTOR 89
6.2 RESTRAINTS 90
6.2.1 HEALTH AND SAFETY CONCERNS RELATED TO THE USAGE OF SOLVENTS 90
6.2.2 TECHNICAL COMPLEXITIES IN SOLVENT RECOVERY AND REUSE 90
6.3 OPPORTUNITIES 91
6.3.1 SHIFTING THE FOCUS OF MANUFACTURERS TOWARD ECO-FRIENDLY SOLVENTS 91
6.3.2 IMMENSE POTENTIAL IN THE RENEWABLE ENERGY SECTOR 91
6.4 CHALLENGES 92
6.4.1 ISSUES IN TRANSPORTATION AND STORAGE OF SOLVENTS 92
6.4.2 STRINGENT RULES AND REGULATIONS 92
7 GLOBAL SOLVENTS MARKET, BY REGION 94
7.1 OVERVIEW 95
7.2 ASIA-PACIFIC 104
7.2.1 CHINA 112
7.2.2 INDIA 116
7.2.3 JAPAN 120
7.2.4 SOUTH KOREA 124
7.2.5 SINGAPORE 129
7.2.6 THAILAND 133
7.2.7 INDONESIA 137
7.2.8 MALAYSIA 141
7.2.9 PHILIPPINES 145
7.2.10 AUSTRALIA & NEW ZEALAND 150
7.2.11 REST OF ASIA-PACIFIC 155
7.3 NORTH AMERICA 156
7.3.1 U.S. 164
7.3.2 CANADA 168
7.3.3 MEXICO 172
7.4 EUROPE 176
7.4.1 GERMANY 184
7.4.2 FRANCE 188
7.4.3 ITALY 192
7.4.4 NETHERLANDS 196
7.4.5 U.K. 201
7.4.6 RUSSIA 205
7.4.7 SPAIN 209
7.4.8 TURKEY 213
7.4.9 SWITZERLAND 217
7.4.10 BELGIUM 221
7.4.11 REST OF EUROPE 225
7.5 MIDDLE EAST AND AFRICA 226
7.5.1 SOUTH AFRICA 235
7.5.2 SAUDI ARABIA 240
7.5.3 EGYPT 244
7.5.4 UNITED ARAB EMIRATES 248
7.5.5 ISRAEL 253
7.5.6 REST OF MIDDLE EAST AND AFRICA 257
7.6 SOUTH AMERICA 258
7.6.1 BRAZIL 266
7.6.2 ARGENTINA 270
7.6.3 REST OF SOUTH AMERICA 275
8 GLOBAL SOLVENTS MARKET: COMPANY LANDSCAPE 276
8.1 COMPANY SHARE ANALYSIS: GLOBAL 276
8.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 277
8.3 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 278
8.4 COMPANY SHARE ANALYSIS: EUROPE 279
8.5 PRODUCT LAUNCH 280
8.6 AGREEMENT 280
8.7 ACQUISITION 281
8.8 AWARD 282
9 SWOT ANALYSIS 283
10 COMPANY PROFILE 284
10.1 ADM 284
10.1.1 COMPANY SNAPSHOT 284
10.1.2 COMPANY SHARE ANALYSIS 284
10.1.3 PRODUCT PORTFOLIO 285
10.1.4 REVENUE ANALYSIS 285
10.1.5 RECENT DEVELOPMENTS 285
10.2 RELIANCE INDUSTRIES LIMITED 286
10.2.1 COMPANY SNAPSHOT 286
10.2.2 REVENUE ANALYSIS 286
10.2.3 COMPANY SHARE ANALYSIS 287
10.2.4 PRODUCT PORTFOLIO 287
10.2.5 RECENT DEVELOPMENTS 287
10.3 BP P.L.C. 288
10.3.1 COMPANY SNAPSHOT 288
10.3.2 REVENUE ANALYSIS 288
10.3.3 COMPANY SHARE ANALYSIS 289
10.3.4 PRODUCT PORTFOLIO 289
10.3.5 RECENT DEVELOPMENTS 289
10.4 EASTMAN CHEMICAL COMPANY (2022) 290
10.4.1 COMPANY SNAPSHOT 290
10.4.2 REVENUE ANALYSIS 290
10.4.3 COMPANY SHARE ANALYSIS 291
10.4.4 PRODUCT PORTFOLIO 291
10.4.5 RECENT UPDATES 291
10.5 BHARAT PETROLEUM CORPORATION LIMITED (2022) 293
10.5.1 COMPANY SNAPSHOT 293
10.5.2 REVENUE ANALYSIS 293
10.5.3 COMPANY SHARE ANALYSIS 294
10.5.4 PRODUCT PORTFOLIO 294
10.5.5 RECENT DEVELOPMENT 294
10.6 OLIN CORPORATION 295
10.6.1 COMPANY SNAPSHOT 295
10.6.2 REVENUE ANALYSIS 295
10.6.3 PRODUCT PORTFOLIO 296
10.6.4 RECENT DEVELOPMENTS 297
10.7 ARKEMA (2022) 298
10.7.1 COMPANY SNAPSHOT 298
10.7.2 REVENUE ANALYSIS 298
10.7.3 PRODUCT PORTFOLIO 299
10.7.4 RECENT DEVELOPMENT 299
10.8 ASHLAND.(2022) 300
10.8.1 COMPANY SNAPSHOT 300
10.8.2 REVENUE ANALYSIS 300
10.8.3 PRODUCT PORTFOLIO 301
10.8.4 RECENT UPDATE 302
10.9 BASF SE 303
10.9.1 COMPANY SNAPSHOT 303
10.9.2 REVENUE ANALYSIS 303
10.9.3 PRODUCT PORTFOLIO 304
10.9.4 RECENT UPDATE 306
10.10 CARGILL, INCORPORATED 307
10.10.1 COMPANY SNAPSHOT 307
10.10.2 REVENUE ANALYSIS 307
10.10.3 PRODUCT PORTFOLIO 308
10.10.4 RECENT DEVELOPMENT 308
10.11 CELANESE CORPORATON(2022) 309
10.11.1 COMPANY SNAPSHOT 309
10.11.2 REVENUE ANALYSIS 309
10.11.3 PRODUCT PORTFOLIO 310
10.11.4 RECENT UPDATE 310
10.12 DOW 311
10.12.1 COMPANY SNAPSHOT 311
10.12.2 REVENUE ANALYSIS 311
10.12.3 PRODUCT PORTFOLIO 312
10.12.4 RECENT DEVELOPMENTS 314
10.13 EXXON MOBIL CORPORATION(2022) 315
10.13.1 COMPANY SNAPSHOT 315
10.13.2 REVENUE ANALYSIS 315
10.13.3 PRODUCT PORTFOLIO 316
10.13.4 RECENT UPDATES 316
10.14 HONEYWELL INTERNATIONAL INC. (2022) 317
10.14.1 COMPANY SNAPSHOT 317
10.14.2 REVENUE ANALYSIS 317
10.14.3 PRODUCT PORTFOLIO 318
10.14.4 RECENT DEVELOPMENTS 318
10.15 HUNTSMAN INTERNATIONAL LLC (2022) 319
10.15.1 COMPANY SNAPSHOT 319
10.15.2 REVENUE ANALYSIS 319
10.15.3 PRODUCT PORTFOLIO 320
10.15.4 RECENT DEVELOPMENT 320
10.16 INEOS GROUP HOLDINGS S.A. (2022) 321
10.16.1 COMPANY SNAPSHOT 321
10.16.2 REVENUE ANALYSIS 321
10.16.3 PRODUCT PORTFOLIO 322
10.16.4 RECENT DEVELOPMENT 322
10.17 INVISTA (A SUBSIDRIARY OF KOCH INDUSTRIES, INC.) 323
10.17.1 COMPANY SNAPSHOT 323
10.17.2 PRODUCT PORTFOLIO 323
10.17.3 RECENT DEVELOPMENTS 323
10.18 LYONDELLBASELL INDUSTRIES HOLDING B.V. (2022) 324
10.18.1 COMPANY SNAPSHOT 324
10.18.2 REVENUE ANALYSIS 324
10.18.3 PRODUCT PORTFOLIO 325
10.18.4 RECENT UPDATE 326
10.19 MONUMENT CHEMICAL 327
10.19.1 COMPANY SNAPSHOT 327
10.19.2 PRODUCT PORTFOLIO 327
10.19.3 RECENT DEVELOPMENTS 329
10.20 SHELL GLOBAL (2022) 330
10.20.1 COMPANY SNAPSHOT 330
10.20.2 REVENUE ANALYSIS 330
10.20.3 PRODUCT PORTFOLIO 331
10.20.4 RECENT UPDATES 332
10.21 SOLVAY (2022) 333
10.21.1 COMPANY SNAPSHOT 333
10.21.2 REVENUE ANALYSIS 333
10.21.3 PRODUCT PORTFOLIO 334
10.21.4 RECENT DEVELOPMENTS 334
11 QUESTIONNAIRE 335
12 RELATED REPORTS 338
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