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Global Solvent Market: By Product: Hydrocarbons, Alcohol, Esters, Ketones, Chlorinated, Others; By Application: Printing Inks, Paints and Coatings, Pharmaceuticals, Adhesives and Cosmetics, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Solvent Market Outlook

The global solvent market expected to grow in the forecast period of 2023-2028 at a CAGR of 6.2% to attain USD 31.9 billion by 2026.

 

Global Solvent Market

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Use of Solvents in Pharmaceuticals, Industrial Coatings and Personal Care Products Boosting the Solvent Industry

Solvents are used in a wide variety of applications. They are found all around us. Thousands of manufacturers and production facilities rely on solvents to provide solutions to their manufacturing needs. In daily house cleaning activities, a solvent is used as a cleaning and degreasing agent, for instance, in toiletries, floor, glass, or any dirt cleaning. Amid the Covid 19 pandemic, beauty consumers have renewed their interest in skin care. The ongoing trend on social media urges people to improve overall skin health and fairness. As a result of this, many beauty retailers and manufacturers witness an increase in demand for essential skin products. Many of the products we use daily, ranging from pharmaceuticals to industrial coatings, require solvents at all costs. The rising demand for solvents from end use industries is boosting the market growth of the product.

 

Solvent: Market Segmentation

The term solvent refers to a large number of chemical substances that have commercial applications across various industries. The solvents are ubiquitous which are used across various industries ranging from coatings and paints, plastics, textiles, rubber, pharmaceuticals, oil and gas, chemical synthesis, construction, among others.

 

Global Solvent Market By Product

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Based on product, the market is segmented into:

  • Hydrocarbons
  • Alcohol
  • Esters
  • Ketones
  • Chlorinated
  • Others

Based on application, the market is segmented into:

  • Printing Inks
  • Paints and Coatings
  • Pharmaceuticals
  • Adhesives and Cosmetics
  • Others 

The EMR report looks into the regional markets of solvent like North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Global Solvent Market By Region

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Increasing use of Solvent in Construction and Agricultural Industry to Bolster the Market Growth of Solvent

The rise in the demand for solvents in the construction and agricultural industry creates an opportunity for the growth of the solvents industry. The increasing use of home and personal care products is driving the demand for solvents in both developed and developing countries. The mass madness of facial and skin care products is supposed to provide opportunities to increase the revenue for manufacturers and suppliers of personal care products, particularly in emerging economies.

High demand for solvents from the construction industry and from agricultural chemicals application is estimated to drive its markets during the forecast period. The construction industry is the backbone of rapid urbanisation and solvents plays a very important part in the constructed infrastructure; it acts as carriers for surface coatings. Solvents are very important to pesticides, and they are used to dictate the healthy growth of plants and vegetables. Solvents are used to extract oils and flavour from nuts, and it is certain that solvents are used extensively in agricultural products, most importantly in oils and spice extract.

 

Key Industries Players in the Global Solvent Market

The report presents a detailed analysis of the following key players in the global solvent market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • BASF SE
  • Royal Dutch Shell plc
  • Exxon Mobil Corporation
  • Celanese Corporation
  • Ashland Inc.
  • INEOS Group
  • Others

The comprehensive report looks into macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

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- Product, Application, Regions
Breakup by Product Hydrocarbons, Alcohol, Esters, Ketones, Chlorinated, Others
Breakup by Application Printing Inks, Paints and Coatings, Pharmaceuticals, Adhesives and Cosmetics, Others
Breakup by Regions North America, Europe, Asia Pacific, Latin America, Middle East and Africa
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, Royal Dutch Shell plc, Exxon Mobil Corporation, Celanese Corporation, Ashland Inc., INEOS Group, Others
Report Price and Purchase Option

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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 Solvent Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Solvent Historical Market (2018-2022) 
    8.3    Global Solvent Market Forecast (2023-2028)
    8.4    Global Solvent Market by Product
        8.4.1    Hydrocarbons
            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    Alcohol
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Esters
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Ketones
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Chlorinated
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Solvent Market by Application
        8.5.1    Printing Inks
            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    Paints and Coatings
            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    Pharmaceuticals
            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    Adhesives and Cosmetics
            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    Others    
    8.6    Global Solvent Market by Region
        8.6.1    North America
            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    Europe
            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    Asia Pacific
            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    Latin America
            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    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Solvent Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Solvent Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Solvent Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Solvent Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Solvent Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    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
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    Royal Dutch Shell plc
            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    Exxon Mobil Corporation
            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    Celanese Corporation
            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    Ashland Inc.
            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    INEOS Group
            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    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Solvent Market: Key Industry Highlights, 2018 and 2028
2.    Global Solvent Historical Market: Breakup by Product (USD Billion), 2018-2022
3.    Global Solvent Market Forecast: Breakup by Product (USD Billion), 2023-2028
4.    Global Solvent Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Solvent Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Solvent Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Solvent Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Solvent Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Solvent Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Solvent Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Solvent Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Solvent Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Solvent Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Solvent Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Solvent Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Solvent Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Solvent Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Solvent Market Structure

Key Questions Answered in the Report

The global solvent market is projected to grow at a CAGR of 6.2% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period 2023-2028 to reach USD 31.9 billion by 2026.

The market is being driven by the rapid urbanisation, inflating disposable incomes, and increasing use of solvents in construction and agricultural industry.

The industry is expected to be defined by the increasing research and innovations to create more advanced solvents.

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

The products of solvent in the industry are hydrocarbons, alcohol, esters, ketones, and chlorinated, among others.

The significant applications of solvents are printing ink, paints and coatings, pharmaceuticals, and adhesives and cosmetics, among others.

The leading players in this market are BASF SE, Royal Dutch Shell plc, Exxon Mobil Corporation, Celanese Corporation, Ashland Inc., and INEOS Group, among others.

Analyst Review

The global solvent market is driven by the increasing use of solvents in construction and agricultural industries. Aided by the increasing research and development (R&D) for the production of advanced solvents, the market is expected to witness a further a growth in the forecast period of 2023-2028 growing at a CAGR of 6.2%. The market is projected to reach USD 31.9 billion by 2026.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on product, the solvent industry can be segmented into hydrocarbons, alcohol, esters, ketones, and chlorinated, among others. On the basis of application, the industry is divided into printing Inks, paints and coatings, pharmaceuticals, and adhesives and cosmetics, among others. The major regional markets for solvent are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include BASF SE, Royal Dutch Shell plc, Exxon Mobil Corporation, Celanese Corporation, Ashland Inc., and INEOS Group, 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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