Market Overview:
The global organic solvents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for organic solvents from various end-use industries, such as cosmetics, electronics, pharmaceuticals, and industrial. In terms of volume, the ethylene glycol ether segment is projected to lead the global organic solvents market during the forecast period. This growth can be attributed to its growing demand from end-use industries such as cosmetics and pharmaceuticals.
Product Definition:
An organic solvent is a solvent that contains carbon. Organic solvents are important because they dissolve many types of molecules. This makes them useful for chemical processes and for cleaning products. Some common organic solvents include ethanol, acetone, and hexane.
Styrene:
Styrene is a monomer that is polymerized with other monomers to form polystyrene. It has a pungent odor and taste and is highly flammable. Styrene can be produced by two methods, the cheaper method involves the catalytic hydrogenation of ethylene, while the more expensive method involves copolymerization of styrene with butadiene.
Vinyl Chloride:
Vinyl chloride is a colorless, flammable organic compound. It has a strong odor similar to that of gasoline and is soluble in water, ethanol, and diethyl ether. Vinyl chloride can also be converted into polyvinyl chloride (PVC), which has several commercial applications such as in the manufacturing of kitchenware, shower curtains & door handles, flooring materials for indoor and outdoor areas among others.
Application Insights:
The global organic solvents market by application is segregated into cosmetics, electronics, pharmaceuticals and industrial. The cosmetics segment dominated the overall industry in terms of revenue as well as volume in 2017. This growth can be attributed to the increasing use of natural ingredients that have been found to be safe for human skin. Moreover, regulations that are favorable towards natural ingredient usage are expected to boost product demand over the forecast period.
In terms of revenue generation from 2013-2017, the electronics segment was at a distant second place behind cosmetic applications owing to stringent government regulations on toxic chemicals used in electronic products and components worldwide since late 1990s when Personal Computer (PC) era dawned globally with Internet access at home & workstations across all age groups especially among students and professionals which boosted product demand globally during this period.
Regional Analysis:
Asia Pacific was the dominant regional market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from end-use industries such as electronics, cosmetics, pharmaceuticals, and automotive. China is one of the major consumers owing to rapid industrialization along with a large consumer base for electronic products.
The increasing production of smartphones along with growing demand for personal care products has led to an increase in ethylene glycol ether consumption across Asia Pacific which in turn will propel market growth over the forecast period. Europe also contributed significantly towards global organic solvents market share owing to high demand from end-use industries such as paints & coatings; plastics; rubber; adhesives & sealants; and printing ink among others but it occupied a relatively smaller share when compared with Asia Pacific or North America due to stringent environmental regulations by European Commission (EC).
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, printing inks, and automotive refinishing is expected to drive the growth of the organic solvents market over the forecast period.
- Rising demand for bio-based solvents owing to their environmental friendly nature is another key factor anticipated to fuel market growth.
- Growing investments in research and development activities for new product launches is projected to propel the organic solvents market over the next few years.
- Stringent government regulations pertaining to VOC emissions are likely to create opportunities for sustainable organic solvents in various end-use industries over the forecast period. 5) The increasing popularity of green technologies across various industrial sectors is also expected to favor market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Organic Solvents Market Research Report
By Type
Styrene, Vinyl Chloride, Trichlorethylene, Ethylene Glycol Ether, Triethanolamine
By Application
Cosmetics, Electronics, Pharmaceutical, Industrial
By Companies
BASF, Dow Chemical, ExxonMobil, Sinopec, Shell Chemicals, Solvay, Eastman Chemical Company, Honeywell, Huntsman, Ineos, LyondellBasell
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Organic Solvents Market Report Segments:
The global Organic Solvents market is segmented on the basis of:
Types
Styrene, Vinyl Chloride, Trichlorethylene, Ethylene Glycol Ether, Triethanolamine
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
Cosmetics, Electronics, Pharmaceutical, Industrial
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
- Dow Chemical
- ExxonMobil
- Sinopec
- Shell Chemicals
- Solvay
- Eastman Chemical Company
- Honeywell
- Huntsman
- Ineos
- LyondellBasell
Highlights of The Organic Solvents 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:
- Styrene
- Vinyl Chloride
- Trichlorethylene
- Ethylene Glycol Ether
- Triethanolamine
- By Application:
- Cosmetics
- Electronics
- Pharmaceutical
- Industrial
- 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 Organic Solvents 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?
Organic solvents are chemicals that are derived from organic matter.
Some of the key players operating in the organic solvents market are BASF, Dow Chemical, ExxonMobil, Sinopec, Shell Chemicals, Solvay, Eastman Chemical Company, Honeywell, Huntsman, Ineos, LyondellBasell.
The organic solvents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Organic Solvents 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 Organic Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Organic Solvents 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 Organic Solvents 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 Organic Solvents Market Size & Forecast, 2018-2028
4.5.1 Organic Solvents Market Size and Y-o-Y Growth
4.5.2 Organic Solvents Market Absolute $ Opportunity
Chapter 5 Global Organic Solvents 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 Organic Solvents Market Size Forecast by Type
5.2.1 Styrene
5.2.2 Vinyl Chloride
5.2.3 Trichlorethylene
5.2.4 Ethylene Glycol Ether
5.2.5 Triethanolamine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Organic Solvents 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 Organic Solvents Market Size Forecast by Applications
6.2.1 Cosmetics
6.2.2 Electronics
6.2.3 Pharmaceutical
6.2.4 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Organic Solvents 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 Organic Solvents 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 Organic Solvents Analysis and Forecast
9.1 Introduction
9.2 North America Organic Solvents 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 Organic Solvents Market Size Forecast by Type
9.6.1 Styrene
9.6.2 Vinyl Chloride
9.6.3 Trichlorethylene
9.6.4 Ethylene Glycol Ether
9.6.5 Triethanolamine
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 Organic Solvents Market Size Forecast by Applications
9.10.1 Cosmetics
9.10.2 Electronics
9.10.3 Pharmaceutical
9.10.4 Industrial
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 Organic Solvents Analysis and Forecast
10.1 Introduction
10.2 Europe Organic Solvents 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 Organic Solvents Market Size Forecast by Type
10.6.1 Styrene
10.6.2 Vinyl Chloride
10.6.3 Trichlorethylene
10.6.4 Ethylene Glycol Ether
10.6.5 Triethanolamine
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 Organic Solvents Market Size Forecast by Applications
10.10.1 Cosmetics
10.10.2 Electronics
10.10.3 Pharmaceutical
10.10.4 Industrial
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 Organic Solvents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Organic Solvents 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 Organic Solvents Market Size Forecast by Type
11.6.1 Styrene
11.6.2 Vinyl Chloride
11.6.3 Trichlorethylene
11.6.4 Ethylene Glycol Ether
11.6.5 Triethanolamine
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 Organic Solvents Market Size Forecast by Applications
11.10.1 Cosmetics
11.10.2 Electronics
11.10.3 Pharmaceutical
11.10.4 Industrial
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 Organic Solvents Analysis and Forecast
12.1 Introduction
12.2 Latin America Organic Solvents 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 Organic Solvents Market Size Forecast by Type
12.6.1 Styrene
12.6.2 Vinyl Chloride
12.6.3 Trichlorethylene
12.6.4 Ethylene Glycol Ether
12.6.5 Triethanolamine
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 Organic Solvents Market Size Forecast by Applications
12.10.1 Cosmetics
12.10.2 Electronics
12.10.3 Pharmaceutical
12.10.4 Industrial
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) Organic Solvents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Organic Solvents 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) Organic Solvents Market Size Forecast by Type
13.6.1 Styrene
13.6.2 Vinyl Chloride
13.6.3 Trichlorethylene
13.6.4 Ethylene Glycol Ether
13.6.5 Triethanolamine
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) Organic Solvents Market Size Forecast by Applications
13.10.1 Cosmetics
13.10.2 Electronics
13.10.3 Pharmaceutical
13.10.4 Industrial
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 Organic Solvents Market: Competitive Dashboard
14.2 Global Organic Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Dow Chemical
14.3.3 ExxonMobil
14.3.4 Sinopec
14.3.5 Shell Chemicals
14.3.6 Solvay
14.3.7 Eastman Chemical Company
14.3.8 Honeywell
14.3.9 Huntsman
14.3.10 Ineos
14.3.11 LyondellBasell
