Market Overview:
The global aprotic solvent market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aprotic solvents in oil & gas, pharmaceuticals, paints & coatings, and electronics applications. Additionally, the growing demand for aprotic solvents from emerging economies such as China and India is also contributing to the growth of the market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On basis of type, N-methyl-2-pyrrolidone (NMP) accounted for majority share of global aprotic solvent market in 2017 and is projected to grow at highest CAGR during forecast period owing to its properties such as high boiling point and nonflammability which makes it suitable for various applications including oilfield chemicals production, pharmaceuticals formulation etc. Toluene was second largest type segment with significant share followed by benzene and acetone segments respectively in 2017 . On basis on application ,oilfield chemicals production was dominant application segment with highest share followed by pharmaceuticals formulation , paints & coatings , electronics etc .
Product Definition:
An aprotic solvent is any solvent that does not contain protons. Aprotic solvents are important because they do not react with acids or bases, and they are less likely to participate in acid-base reactions than protic solvents.
N-Methyl-2-Pyrrolidone (NMP):
NMP is a colorless, flammable organic liquid. It is mainly used as a solvent in the production of acrylonitrile, which is further utilized for manufacturing plastics and other industrial products. NMP also acts as an intermediate during the synthesis of pharmaceutical drugs and pesticides.
Toluene:
Toluene is a colorless and highly flammable organic liquid. It has a strong odor similar to that of gasoline. Toluene is commercially available in two major grades, namely, industrial and research grade, which are both used for different applications.
Application Insights:
The global aprotic solvent market is segmented on the basis of application into oil & gas, pharmaceuticals, paints & coatings, electronics and others. The other applications include food processing and textiles. Oil & gas was estimated as the largest application segment in 2017 with a volume share of over 30%. This large share can be attributed to increasing demand for crude oil from developing countries such as China and India. These countries are increasingly using these solvents to extract more oil from their wells owing to their superior properties including low boiling point (less than 100°C) along with high flash point (over 120°C).
Increasing demand for crude oil extraction has resulted in an increased number of drilling activities across various regions which further propels product consumption. Drilling muds are used extensively during drilling operations to carry away cuttings generated during drilling downhole thereby reducing wear and tear on the drill bit itself.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing foreign investments coupled with rising industrial output. China, India, Japan, South Korea are some of the prominent countries that form APAC.
The growing electronics industry in China owing to low labor costs and easy access to capital is one of the key factors driving Benzene demand in Asia Pacific. In addition, high production volume for electronic products such as smartphones along with their components will drive Acetone demand over the coming years due to its use as a plasticizer and a component remover from electronic devices such as mobiles phones and laptops among others.
North America accounted for more than 20% share of global revenue in 2017 owing to presence major pharmaceutical companies including Johnson & Johnson; Merck &Co Inc.; Pfizer Inc.; Bristol-Myers Squibb Company; AbbVie Inc.; Amgen Inc.
Growth Factors:
- Increasing demand for aprotic solvents in the pharmaceutical and biotechnology industries for the production of drugs and vaccines.
- Rising demand from the electronics industry for aprotic solvents in the manufacture of semiconductors, flat panel displays, and other electronic components.
- Growing use of aprotic solvents in water treatment applications to improve water quality and reduce environmental pollution.
- Increasing demand from the cosmetics industry for aprotic solvents in formulating skin care products and fragrances.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aprotic Solvent Market Research Report
By Type
N-Methyl-2-Pyrrolidone (NMP), Toluene, Benzene, Acetone, Others
By Application
Oil & Gas, Pharmaceuticals, Paints & Coatings, Electronics, Others
By Companies
Eastman Chemical, Asahi Kasei, Mitsubishi Chemical, Ineos Group, Celanese, BASF, Royal Dutch Shell, Dupont, Dow Chemicals, Ashland, Eastman Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Aprotic Solvent Market Report Segments:
The global Aprotic Solvent market is segmented on the basis of:
Types
N-Methyl-2-Pyrrolidone (NMP), Toluene, Benzene, Acetone, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil & Gas, Pharmaceuticals, Paints & Coatings, Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman Chemical
- Asahi Kasei
- Mitsubishi Chemical
- Ineos Group
- Celanese
- BASF
- Royal Dutch Shell
- Dupont
- Dow Chemicals
- Ashland
- Eastman Chemical
Highlights of The Aprotic Solvent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- N-Methyl-2-Pyrrolidone (NMP)
- Toluene
- Benzene
- Acetone
- Others
- By Application:
- Oil & Gas
- Pharmaceuticals
- Paints & Coatings
- Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aprotic Solvent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aprotic solvents are substances that do not react with other substances.
Some of the major players in the aprotic solvent market are Eastman Chemical, Asahi Kasei, Mitsubishi Chemical, Ineos Group, Celanese, BASF, Royal Dutch Shell, Dupont, Dow Chemicals, Ashland, Eastman Chemical.
The aprotic solvent market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aprotic Solvent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aprotic Solvent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aprotic Solvent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aprotic Solvent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aprotic Solvent Market Size & Forecast, 2018-2028
4.5.1 Aprotic Solvent Market Size and Y-o-Y Growth
4.5.2 Aprotic Solvent Market Absolute $ Opportunity
Chapter 5 Global Aprotic Solvent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aprotic Solvent Market Size Forecast by Type
5.2.1 N-Methyl-2-Pyrrolidone (NMP)
5.2.2 Toluene
5.2.3 Benzene
5.2.4 Acetone
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aprotic Solvent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aprotic Solvent Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Pharmaceuticals
6.2.3 Paints & Coatings
6.2.4 Electronics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aprotic Solvent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aprotic Solvent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aprotic Solvent Analysis and Forecast
9.1 Introduction
9.2 North America Aprotic Solvent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aprotic Solvent Market Size Forecast by Type
9.6.1 N-Methyl-2-Pyrrolidone (NMP)
9.6.2 Toluene
9.6.3 Benzene
9.6.4 Acetone
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aprotic Solvent Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Pharmaceuticals
9.10.3 Paints & Coatings
9.10.4 Electronics
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aprotic Solvent Analysis and Forecast
10.1 Introduction
10.2 Europe Aprotic Solvent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aprotic Solvent Market Size Forecast by Type
10.6.1 N-Methyl-2-Pyrrolidone (NMP)
10.6.2 Toluene
10.6.3 Benzene
10.6.4 Acetone
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aprotic Solvent Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Pharmaceuticals
10.10.3 Paints & Coatings
10.10.4 Electronics
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aprotic Solvent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aprotic Solvent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aprotic Solvent Market Size Forecast by Type
11.6.1 N-Methyl-2-Pyrrolidone (NMP)
11.6.2 Toluene
11.6.3 Benzene
11.6.4 Acetone
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aprotic Solvent Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Pharmaceuticals
11.10.3 Paints & Coatings
11.10.4 Electronics
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aprotic Solvent Analysis and Forecast
12.1 Introduction
12.2 Latin America Aprotic Solvent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aprotic Solvent Market Size Forecast by Type
12.6.1 N-Methyl-2-Pyrrolidone (NMP)
12.6.2 Toluene
12.6.3 Benzene
12.6.4 Acetone
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aprotic Solvent Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Pharmaceuticals
12.10.3 Paints & Coatings
12.10.4 Electronics
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aprotic Solvent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aprotic Solvent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aprotic Solvent Market Size Forecast by Type
13.6.1 N-Methyl-2-Pyrrolidone (NMP)
13.6.2 Toluene
13.6.3 Benzene
13.6.4 Acetone
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aprotic Solvent Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Pharmaceuticals
13.10.3 Paints & Coatings
13.10.4 Electronics
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aprotic Solvent Market: Competitive Dashboard
14.2 Global Aprotic Solvent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman Chemical
14.3.2 Asahi Kasei
14.3.3 Mitsubishi Chemical
14.3.4 Ineos Group
14.3.5 Celanese
14.3.6 BASF
14.3.7 Royal Dutch Shell
14.3.8 Dupont
14.3.9 Dow Chemicals
14.3.10 Ashland
14.3.11 Eastman Chemical
