Market Overview:
The global high purity solvent market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high purity solvents in various applications such as semiconductors, liquid crystals, lithium ion batteries, electroplating and catalysts. In addition, the growing demand for high purity solvents from emerging economies such as China and India is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing these solvents may restrain the growth of this market during the forecast period.
Product Definition:
A high purity solvent is a chemical that has been purified to the greatest extent possible. This means that it contains very low levels of impurities, which can adversely affect the final product. High purity solvents are important because they help ensure the quality of the end product.
Acetone:
Acetone is an organic compound and it's a colorless, flammable liquid with a strong odor. It has a similar structure to that of ethanol but higher carbon content. Acetone is mainly used in the production of paraxylene and for cleaning purposes as well.
Acetonitrile:
It is an intermediate chemical used in the production of polymers, adhesives & sealants, paints & coatings and printing inks. It is also used as a reagent for the detection of halogenated compounds. Acetonitrile has applications in several end-use industries such as pharmaceuticals, chemicals and oil drilling fluids among others.
Application Insights:
Semiconductor emerged as the dominant application segment and accounted for over 35% of the global revenue share in 2017. Paints and coatings are one of the major applications where high purity solvents are used to remove oils, waxes, silicones, resins & lacquers that form deposits on various semiconductor substrates. Acetone is most commonly used high purity solvent in this application segment followed by dimethyl sulfoxide (DMSO). However acetone is likely to lose market share due to increasing use of DMSO for manufacturing field effect transistors (FETs) which has higher efficiency than acetone.
Liquid crystal displays (LCDs) require very pure liquid crystal solutions since they have sensitive electrical properties that need to be controlled during their production process.
Regional Analysis:
Asia Pacific was the dominant regional segment occupying over 45.0% of the global revenue in 2017. The region is expected to continue its dominance over the forecast period, with China being a major contributor to overall market growth owing to increasing demand from end-use industries such as semiconductors and electronics. In addition, rising disposable income coupled with expanding manufacturing sector in India is expected to drive product demand across this region during the forecast period.
The Asia Pacific was followed by Europe which accounted for 24.2% of global high purity solvent market share in 2017 owing to growing environmental regulations aimed at reducing VOC emissions within member states resulting into increased consumption of solvents such as dimethyl sulfoxide (DMSO). Furthermore, stringent government regulations regarding waste management are also anticipated to boost DMSO consumption across this region thereby driving AMHPS market growth over the projected period from 2018 To 2030 (Figure 1).
Growth Factors:
- Increasing demand for high purity solvents in various end-use industries such as pharmaceuticals, electronics, and automotive
- Growing research and development activities for the development of new high purity solvents
- Rising investments by key players in the expansion of their production capacities
- Proliferation of nanotechnology and its increasing adoption in various end-use industries
- Stringent environmental regulations governing the use of conventional solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
High Purity Solvent Market Research Report
By Type
Acetone, Acetonitrile, Dimethyl Sulfoixde, Others
By Application
Semiconductors, Liquid Crystals, Lithium Ion Batteries, Electroplating, Catalysts
By Companies
BASF SE, Asahi Kasei Corp, Bayer, DuPont, Evonik Industries AG, ExxonMobil, Thermo Fisher Scientific, Linde AG, Mitsubishi Chemical Holdings, Tedia, The Dow Chemical Company
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global High Purity Solvent Market Report Segments:
The global High Purity Solvent market is segmented on the basis of:
Types
Acetone, Acetonitrile, Dimethyl Sulfoixde, 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
Semiconductors, Liquid Crystals, Lithium Ion Batteries, Electroplating, Catalysts
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:
- BASF SE
- Asahi Kasei Corp
- Bayer
- DuPont
- Evonik Industries AG
- ExxonMobil
- Thermo Fisher Scientific
- Linde AG
- Mitsubishi Chemical Holdings
- Tedia
- The Dow Chemical Company
Highlights of The High Purity 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:
- Acetone
- Acetonitrile
- Dimethyl Sulfoixde
- Others
- By Application:
- Semiconductors
- Liquid Crystals
- Lithium Ion Batteries
- Electroplating
- Catalysts
- 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 High Purity 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
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- Consumer Insights
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- Product & Brand Management
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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?
A high purity solvent is a chemical that has been specifically designed to be used in the production of pharmaceuticals and other chemicals. It must meet very strict safety and quality standards, in order to ensure that the final product is safe for human use.
Some of the major players in the high purity solvent market are BASF SE, Asahi Kasei Corp, Bayer, DuPont, Evonik Industries AG, ExxonMobil, Thermo Fisher Scientific, Linde AG, Mitsubishi Chemical Holdings, Tedia, The Dow Chemical Company.
The high purity solvent market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Purity 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 High Purity Solvent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Purity 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 High Purity 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 High Purity Solvent Market Size & Forecast, 2018-2028
4.5.1 High Purity Solvent Market Size and Y-o-Y Growth
4.5.2 High Purity Solvent Market Absolute $ Opportunity
Chapter 5 Global High Purity 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 High Purity Solvent Market Size Forecast by Type
5.2.1 Acetone
5.2.2 Acetonitrile
5.2.3 Dimethyl Sulfoixde
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Purity 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 High Purity Solvent Market Size Forecast by Applications
6.2.1 Semiconductors
6.2.2 Liquid Crystals
6.2.3 Lithium Ion Batteries
6.2.4 Electroplating
6.2.5 Catalysts
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Purity 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 High Purity 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 High Purity Solvent Analysis and Forecast
9.1 Introduction
9.2 North America High Purity 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 High Purity Solvent Market Size Forecast by Type
9.6.1 Acetone
9.6.2 Acetonitrile
9.6.3 Dimethyl Sulfoixde
9.6.4 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 High Purity Solvent Market Size Forecast by Applications
9.10.1 Semiconductors
9.10.2 Liquid Crystals
9.10.3 Lithium Ion Batteries
9.10.4 Electroplating
9.10.5 Catalysts
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 High Purity Solvent Analysis and Forecast
10.1 Introduction
10.2 Europe High Purity 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 High Purity Solvent Market Size Forecast by Type
10.6.1 Acetone
10.6.2 Acetonitrile
10.6.3 Dimethyl Sulfoixde
10.6.4 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 High Purity Solvent Market Size Forecast by Applications
10.10.1 Semiconductors
10.10.2 Liquid Crystals
10.10.3 Lithium Ion Batteries
10.10.4 Electroplating
10.10.5 Catalysts
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 High Purity Solvent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Purity 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 High Purity Solvent Market Size Forecast by Type
11.6.1 Acetone
11.6.2 Acetonitrile
11.6.3 Dimethyl Sulfoixde
11.6.4 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 High Purity Solvent Market Size Forecast by Applications
11.10.1 Semiconductors
11.10.2 Liquid Crystals
11.10.3 Lithium Ion Batteries
11.10.4 Electroplating
11.10.5 Catalysts
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 High Purity Solvent Analysis and Forecast
12.1 Introduction
12.2 Latin America High Purity 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 High Purity Solvent Market Size Forecast by Type
12.6.1 Acetone
12.6.2 Acetonitrile
12.6.3 Dimethyl Sulfoixde
12.6.4 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 High Purity Solvent Market Size Forecast by Applications
12.10.1 Semiconductors
12.10.2 Liquid Crystals
12.10.3 Lithium Ion Batteries
12.10.4 Electroplating
12.10.5 Catalysts
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) High Purity Solvent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Purity 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) High Purity Solvent Market Size Forecast by Type
13.6.1 Acetone
13.6.2 Acetonitrile
13.6.3 Dimethyl Sulfoixde
13.6.4 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) High Purity Solvent Market Size Forecast by Applications
13.10.1 Semiconductors
13.10.2 Liquid Crystals
13.10.3 Lithium Ion Batteries
13.10.4 Electroplating
13.10.5 Catalysts
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 High Purity Solvent Market: Competitive Dashboard
14.2 Global High Purity Solvent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Asahi Kasei Corp
14.3.3 Bayer
14.3.4 DuPont
14.3.5 Evonik Industries AG
14.3.6 ExxonMobil
14.3.7 Thermo Fisher Scientific
14.3.8 Linde AG
14.3.9 Mitsubishi Chemical Holdings
14.3.10 Tedia
14.3.11 The Dow Chemical Company
