In its database of market research reports, Kenneth Research has recently added a report on ‘Solvents Market’ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Solvents Market during the forecast period.
The global Solvent market was valued at USD 21.40 billion in 2016 and is projected to reach USD 42.07 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025.
Solvents form an integral part of any chemical reaction. They are used for varied purposes right from increasing the rate of reaction to improving product yield. The demand for solvents is highly dependent upon the market growth of application industries. The growing concerns regarding pollution due to excessive use of solvents is expected to boost market demand for naturally derived solvents.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Growing demand from automotive and construction industry
1.2 Decline in crude oil prices
2. Market Restraints
2.1 Stringent environmental regulation
2.2 Cost and performance issues
Market Segmentation:
The global Solvent marketis segmented on the basis ofsource, conventional source by type, applicationand region.
1. By Source:
1.1 Natural Solvents
1.2 Conventional Solvents
2. Conventional Solvents, By Type:
2.1 Oxygenated Solvents
2.1.1 Alcohol
2.1.1.1 Methanol
2.1.1.2 Propanol
2.1.1.3 Butanol
2.1.1.4 Ethanol
2.1.1.5 Others
2.1.2 Esters
2.1.2.1 Ethyl Acetate
2.1.2.2 Butyl Acetate
2.1.2.3 Others
2.1.3 Ketones
2.1.3.1 Acetone
2.1.3.2 Methyl Ethyl Ketone
2.1.3.3 Methyl Isobutyl Ketone
2.1.3.4 Others
2.1.4 Glycol Ether
2.1.4.1 E-series glycol ethers
2.1.4.2 P-series glycol ethers
2.1.4.3 Others
2.1.5 Glycol
2.1.5.1 Propylene Glycol
2.1.5.2 Ethylene Glycol
2.2 Hydrocarbon Solvents
2.2.1 Aliphatic Solvents
2.2.2 Aromatic Solvents
2.2.2.1 Xylene
2.2.2.2 Toluene
2.2.2.3 Benzene
2.2.2.4 Ethylbenzene
2.2.2.5 Others
2.3 Halogenated Solvents
2.3.1 Trichloro Ethylene
2.3.2 Methylene Chloride
2.3.3 Perchloroethylene
2.3.4 Others
2.4 Others
3. By Application:
3.1 Agrochemicals
3.2 Paints & Coatings
3.3 Adhesives
3.4 Pharmaceuticals
3.5 Metal Cleaning
3.6 Printing Inks
3.7 Rubber & Polymer
3.8 Personal Care
3.9 Others
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Lyondellbasell Industries Holding B.V.
2. Ashland
3. Royal Dutch Shell PLC
4. Huntsman
5. Celanese Corporation
6. Exxonmobil Corporation
7. Eastman Chemical Company
8. BASF SE
9. Solvay
10. Ineos AG
11. Honeywell International
12. Arkema SA
13. Chevron Phillips Chemical Co.
14. DOW Chemical Company
15. InvistaSarl
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Solvent marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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