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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 24.2 billion by 2026.
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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.
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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.
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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 Industry Opportunities and Challenges
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 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Conventional
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Aprotic Solvents Market by Solvent Type
8.5.1 N-Methyl-2-Pyrrolidone
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Benzene
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Toluene
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Acetone
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Chloroform
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 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 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Plastics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Pharmaceuticals
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Electronic Equipment
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Paints and Coatings
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Adhesives
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Aprotic Solvents Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 BASF SE
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Eastman Chemical Company
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Dow Chemical Company
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Ashland Global Holdings Inc.
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Mitsubishi Chemicals Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 AlzChem Group AG
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
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
The global aprotic solvents market is projected to grow at a CAGR of 2.8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 24.2 billion by 2026.
The major drivers of the industry, such as 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, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing R&D activities by the manufacturers and the increasing demand for green solvents.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading sources of aprotic solvents in the market are bio and green and conventional.
The significant solvent types in the industry are N-methyl-2-pyrrolidone, benzene, toluene, acetone, and chloroform, among others.
The major application segments in the market are oil and gas, plastics, pharmaceuticals, electronic equipment, paints and coatings, and adhesives, among others.
The major players in the industry 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 24.2 billion by 2026.
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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