Reports

Aprotic Solvents Market

Global Aprotic Solvents Market: By Source: Bio and Green, Conventional; By Solvent Type: N-Methyl-2-Pyrrolidone, Benzene, Toluene, Acetone, Chloroform, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Aprotic Solvents Market Outlook

The global aprotic solvents market is expected to grow at a CAGR of 2.8% in the forecast period of 2023-2028 to reach a value of USD 25.57 billion by 2028.

 

Global Aprotic Solvents Market

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Thriving Pharmaceutical Sector to Aid the Aprotic Solvents Industry Growth

Based on application, the oil and gas industry accounted for a significant share in the market in 2021.  The rising demand for energy and petrochemicals has driven the growth of the segment. Further, the product is witnessing an increased demand from various application sectors like electronics and paints and coatings, among others. Over the forecast period, the thriving pharmaceutical industry is expected to further aid the market growth.

 

Growing Demand for Toluene to Augment the Growth of the Aprotic Solvents Industry

Based on solvent type, toluene is one of the leading aprotic solvents in the industry. The growth can be attributed to the rising demand for toluene in applications like paints and coatings and construction. Toluene is also used to produce benzene, xylene, and trinitrotoluene, which are further utilised in various industries, which, in turn, is anticipated to propel the growth of the toluene industry. Meanwhile, N-Methyl-2-pyrrolidone (NMP) is also witnessing an enhanced demand from the oil and gas industry owing to its properties, which will further boost the industry growth.

Region-wise, the Asia Pacific is one of the significant markets for the product owing to the expanding paints and coatings and pharmaceutical industries in the region. This is supported by the growing industrialisation and rapid development across emerging economies within the region.

 

Aprotic Solvents: Market Segmentation

Aprotic solvents refer to the solvents that lack the ability to donate hydrogen atom and do not possess acidic or basic groups. Aprotic solvents are known for their high dipole moment and polarity and the ability to stabilise ions. These solvents can be used with strong acids and reagents at high temperatures. Further, the high polarity of these solvents allows them to dissolve charged species, making them more reactive and useful.

 

Global Aprotic Solvents Market By application

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Based on source, the market is bifurcated into:

  • Bio and Green
  • Conventional

Based on solvent type, the industry can be segmented into:

  • N-Methyl-2-Pyrrolidone
  • Benzene
  • Toluene
  • Acetone
  • Chloroform
  • Others

The various applications of aprotic solvents are:

  • Oil and Gas
  • Plastics
  • Pharmaceuticals
  • Electronic Equipment
  • Paints and Coatings
  • Adhesives 
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Aprotic Solvents Market By Region

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Growing End-Use Industries to Bolster the Growth of the Global Market for Aprotic Solvents

The growth of the major end use sectors of aprotic solvents is driving the growth of the industry. This is further supported by the rising product demand in emerging nations. Aprotic solvents are less reactive and possess high relative permittivity and thermal stability, and, thus, they are widely utilised in gas production and oil refining. The expanding applications of the product in pharmaceuticals, oil and gas, paints and coatings, and electronic sectors, among others, are driving the industry growth. Over the forecast period, the growing demand for green solvents and the growing R&D activities are expected to aid the industry growth. However, fluctuations in the cost of raw materials may restrain the growth of the industry in the coming years.

 

Key Industry Players in the Global Aprotic Solvents Market

The report gives a detailed analysis of the following key players in the global aprotic solvents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • BASF SE
  • Eastman Chemical Company
  • Dow Chemical Company
  • Ashland Global Holdings Inc.
  • Mitsubishi Chemicals Corporation
  • AlzChem Group AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Solvent Type, Application, Region
Breakup by Source Bio and Green, Conventional
Breakup by Solvent Type N-Methyl-2-Pyrrolidone, Benzene, Toluene, Acetone, Chloroform, Others
Breakup by Application Oil and Gas, Plastics, Pharmaceuticals, Electronic Equipment, Paints and Coatings, Adhesives, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered BASF SE, Eastman Chemical Company, Dow Chemical Company, Ashland Global Holdings Inc., Mitsubishi Chemicals Corporation, AlzChem Group AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Aprotic Solvents Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Aprotic Solvents Historical Market (2018-2022) 
    8.3    Global Aprotic Solvents Market Forecast (2023-2028)
    8.4    Global Aprotic Solvents Market by Source
        8.4.1    Bio and Green
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Conventional
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Aprotic Solvents Market by Solvent Type
        8.5.1    N-Methyl-2-Pyrrolidone
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Benzene
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Toluene
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Acetone
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Chloroform
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Aprotic Solvents Market by Application
        8.6.1    Oil and Gas
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Plastics
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Pharmaceuticals
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Electronic Equipment
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Paints and Coatings
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Adhesives 
            8.6.6.1    Historical Trend (2018-2022)
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Others 
    8.7    Global Aprotic Solvents Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022)
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022)
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022)
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022)
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Aprotic Solvents Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
10    Europe Aprotic Solvents Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022)
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022)
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022)
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022)
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Aprotic Solvents Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022)
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022)
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022)
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022)
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022)
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Aprotic Solvents Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022)
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022)
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022)
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Aprotic Solvents Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022)
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022)
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022)
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022)
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
    16.5    Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    BASF SE
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Eastman Chemical Company
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Dow Chemical Company
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Ashland Global Holdings Inc.
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Mitsubishi Chemicals Corporation
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    AlzChem Group AG
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Aprotic Solvents Market: Key Industry Highlights, 2016 and 2026
2.    Global Aprotic Solvents Historical Market: Breakup by Source (USD Billion), 2018-2022
3.    Global Aprotic Solvents Market Forecast: Breakup by Source (USD Billion), 2023-2028
4.    Global Aprotic Solvents Historical Market: Breakup by Solvent Type (USD Billion), 2018-2022
5.    Global Aprotic Solvents Market Forecast: Breakup by Solvent Type (USD Billion), 2023-2028
6.    Global Aprotic Solvents Historical Market: Breakup by Application (USD Billion), 2018-2022
7.    Global Aprotic Solvents Market Forecast: Breakup by Application (USD Billion), 2023-2028
8.    Global Aprotic Solvents Historical Market: Breakup by Region (USD Billion), 2018-2022
9.    Global Aprotic Solvents Market Forecast: Breakup by Region (USD Billion), 2023-2028
10.    North America Aprotic Solvents Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    North America Aprotic Solvents Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Europe Aprotic Solvents Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Europe Aprotic Solvents Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Asia Pacific Aprotic Solvents Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Asia Pacific Aprotic Solvents Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Latin America Aprotic Solvents Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Latin America Aprotic Solvents Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Middle East and Africa Aprotic Solvents Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Middle East and Africa Aprotic Solvents Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Aprotic Solvents Market Structure

Key Questions Answered in the Report

What is the growth rate of the global aprotic solvents market?

The market is projected to grow at a CAGR of 2.8% between 2023 and 2028.

What is the forecast outlook of the global aprotic solvents market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 25.57 billion by 2028.

What are the major market drivers?

The major drivers of the market are the increasing applications in various industries, rapid urbanisation and industrialisation, growth of the end use markets, rising demand for petrochemicals, thriving pharma sector, growing technological advancements, and rising demand from the developing regions.

What are the key trends of the market?

The key market trends guiding the growth of the market include the growing research and development activities by the manufacturers and the increasing demand for green solvents.

What are the major regional markets of aprotic solvents, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading sources of aprotic solvents in the market?

The leading sources of aprotic solvents in the market are bio and green and conventional.

What are the significant solvent types in the market?

The significant solvent types in the market are N-methyl-2-pyrrolidone, benzene, toluene, acetone, and chloroform, among others.

What are the major applications in the market?

The major applications in the market are oil and gas, plastics, pharmaceuticals, electronic equipment, paints and coatings, and adhesives, among others.

Who are the key market players, according to the report?

The major players in the global aprotic solvents market are BASF SE, Eastman Chemical Company, Dow Chemical Company, Ashland Global Holdings Inc., Mitsubishi Chemicals Corporation, and AlzChem Group AG, among others.

Analyst Review

The global aprotic solvents market is being driven by the increasing demand for petrochemicals. Aided by the rising R&D activities, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 2.8%. The market is projected to reach USD 25.57 billion by 2028.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By source, the market is divided into bio and green and conventional. On the basis of solvent type, the industry is segmented into N-methyl-2-pyrrolidone, benzene, toluene, acetone, and chloroform, among others. Based on application, the market is categorised into oil and gas, plastics, pharmaceuticals, electronic equipment, paints and coatings, and adhesives, among others. The major regional markets for aprotic solvents are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Eastman Chemical Company, Dow Chemical Company, Ashland Global Holdings Inc., Mitsubishi Chemicals Corporation, and AlzChem Group AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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