The global industrial solvents market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030 from USD 2.6 billion in 2018. The growth of this market is driven by the increasing demand for solvents in various industries such as pharmaceuticals and cosmetics, paints and coating, cleaning and degreasing products, printing products, adhesives etc, which are driving the demand for solvents globally.
The global industrial solvents market is segmented on the basis of type into hydrocarbons, acids, esters, glycols, aromatics (including benzene), alcohols (including methanol), ketones (including acetone) and ethers; on the basis of application into dissolution agent (such as paint remover), pharmaceuticals & cosmetics (such as nail polish remover), paints & coating (such as lacquer thinner), cleaning & degreasing product (such as paint stripper) printing products such as inkjet printer ink cleaner) adhesives; on the basis of region into North America including US, Latin America including Brazil and Mexico Europe including Germany France Italy Spain Russia U.K.), Asia Pacific including China India Japan South Korea Australia New Zealand Middle East & Africa).
Some Of The Growth Factors Of This Market:
- Increasing demand for these products in emerging economies such as China and India is also expected to fuel the growth of this market over the forecast period (2017-2025).
- The increasing use of these products in various industries will lead to an increase in production levels which will result in an increased demand for industrial solvents over the forecast period (2017-2025) 5) Increasing environmental concerns about hazardous chemicals used as substitutes for traditional solvents are also expected to drive this market during the forecast period (2017-2025).
Industry Growth Insights published a new data on “Industrial Solvents Market”. The research report is titled “Industrial Solvents Market research by Types (Hydrocarbons, Acids, Esters, Glycols, Aromatics, Alcohols, Ketones, Ethers, Others), By Applications (Dissolution Agent, Pharmaceuticals & Cosmetics, Paints & Coating, Cleaning & Degreasing Product, Printing Products, Adhesives, Others), By Players/Companies BASF, DowDuPont, Total, Exxon Mobil, Daicel Chemical Industries, Nippon Refine, Royal Dutch Shell, Sinopec, Petroleo Brasileiro, OXEA Chemicals, Lyondell Basell Industries, Arkema, BP”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Solvents Market Research Report
By Type
Hydrocarbons, Acids, Esters, Glycols, Aromatics, Alcohols, Ketones, Ethers, Others
By Application
Dissolution Agent, Pharmaceuticals & Cosmetics, Paints & Coating, Cleaning & Degreasing Product, Printing Products, Adhesives, Others
By Companies
BASF, DowDuPont, Total, Exxon Mobil, Daicel Chemical Industries, Nippon Refine, Royal Dutch Shell, Sinopec, Petroleo Brasileiro, OXEA Chemicals, Lyondell Basell Industries, Arkema, BP
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Solvents Market Report Segments:
The global Industrial Solvents market is segmented on the basis of:
Types
Hydrocarbons, Acids, Esters, Glycols, Aromatics, Alcohols, Ketones, Ethers, 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
Dissolution Agent, Pharmaceuticals & Cosmetics, Paints & Coating, Cleaning & Degreasing Product, Printing Products, Adhesives, 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:
- BASF
- DowDuPont
- Total
- Exxon Mobil
- Daicel Chemical Industries
- Nippon Refine
- Royal Dutch Shell
- Sinopec
- Petroleo Brasileiro
- OXEA Chemicals
- Lyondell Basell Industries
- Arkema
- BP
Highlights of The Industrial 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:
- Hydrocarbons
- Acids
- Esters
- Glycols
- Aromatics
- Alcohols
- Ketones
- Ethers
- Others
- By Application:
- Dissolution Agent
- Pharmaceuticals & Cosmetics
- Paints & Coating
- Cleaning & Degreasing Product
- Printing Products
- Adhesives
- 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 Industrial 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.
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- Correctly Positioning New Products
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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?
Industrial solvents are chemicals used in manufacturing and other industrial processes. They are often highly flammable, which can lead to accidents and injuries if they're mishandled.
Some of the major players in the industrial solvents market are BASF, DowDuPont, Total, Exxon Mobil, Daicel Chemical Industries, Nippon Refine, Royal Dutch Shell, Sinopec, Petroleo Brasileiro, OXEA Chemicals, Lyondell Basell Industries, Arkema, BP.
The industrial solvents market is expected to grow at a compound annual growth rate of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Solvents Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Solvents Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Solvents Market - Supply Chain
4.5. Global Industrial Solvents Market Forecast
4.5.1. Industrial Solvents Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Solvents Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Solvents Market Absolute $ Opportunity
5. Global Industrial Solvents Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Solvents Market Size and Volume Forecast by Type
5.3.1. Hydrocarbons
5.3.2. Acids
5.3.3. Esters
5.3.4. Glycols
5.3.5. Aromatics
5.3.6. Alcohols
5.3.7. Ketones
5.3.8. Ethers
5.3.9. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Solvents Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Solvents Market Size and Volume Forecast by Application
6.3.1. Dissolution Agent
6.3.2. Pharmaceuticals & Cosmetics
6.3.3. Paints & Coating
6.3.4. Cleaning & Degreasing Product
6.3.5. Printing Products
6.3.6. Adhesives
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Solvents Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Solvents Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Solvents Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Solvents Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Solvents Demand Share Forecast, 2019-2026
9. North America Industrial Solvents Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Solvents Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Solvents Market Size and Volume Forecast by Application
9.4.1. Dissolution Agent
9.4.2. Pharmaceuticals & Cosmetics
9.4.3. Paints & Coating
9.4.4. Cleaning & Degreasing Product
9.4.5. Printing Products
9.4.6. Adhesives
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Solvents Market Size and Volume Forecast by Type
9.7.1. Hydrocarbons
9.7.2. Acids
9.7.3. Esters
9.7.4. Glycols
9.7.5. Aromatics
9.7.6. Alcohols
9.7.7. Ketones
9.7.8. Ethers
9.7.9. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Solvents Demand Share Forecast, 2019-2026
10. Latin America Industrial Solvents Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Solvents Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Solvents Market Size and Volume Forecast by Application
10.4.1. Dissolution Agent
10.4.2. Pharmaceuticals & Cosmetics
10.4.3. Paints & Coating
10.4.4. Cleaning & Degreasing Product
10.4.5. Printing Products
10.4.6. Adhesives
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Solvents Market Size and Volume Forecast by Type
10.7.1. Hydrocarbons
10.7.2. Acids
10.7.3. Esters
10.7.4. Glycols
10.7.5. Aromatics
10.7.6. Alcohols
10.7.7. Ketones
10.7.8. Ethers
10.7.9. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Solvents Demand Share Forecast, 2019-2026
11. Europe Industrial Solvents Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Solvents Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Solvents Market Size and Volume Forecast by Application
11.4.1. Dissolution Agent
11.4.2. Pharmaceuticals & Cosmetics
11.4.3. Paints & Coating
11.4.4. Cleaning & Degreasing Product
11.4.5. Printing Products
11.4.6. Adhesives
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Solvents Market Size and Volume Forecast by Type
11.7.1. Hydrocarbons
11.7.. Acids
11.7.3. Esters
11.7.4. Glycols
11.7.5. Aromatics
11.7.6. Alcohols
11.7.7. Ketones
11.7.8. Ethers
11.7.9. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Solvents Demand Share, 2019-2026
12. Asia Pacific Industrial Solvents Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Solvents Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Solvents Market Size and Volume Forecast by Application
12.4.1. Dissolution Agent
12.4.2. Pharmaceuticals & Cosmetics
12.4.3. Paints & Coating
12.4.4. Cleaning & Degreasing Product
12.4.5. Printing Products
12.4.6. Adhesives
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Solvents Market Size and Volume Forecast by Type
12.7.1. Hydrocarbons
12.7.2. Acids
12.7.3. Esters
12.7.4. Glycols
12.7.5. Aromatics
12.7.6. Alcohols
12.7.7. Ketones
12.7.8. Ethers
12.7.9. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Solvents Demand Share, 2019-2026
13. Middle East & Africa Industrial Solvents Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Solvents Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Solvents Market Size and Volume Forecast by Application
13.4.1. Dissolution Agent
13.4.2. Pharmaceuticals & Cosmetics
13.4.3. Paints & Coating
13.4.4. Cleaning & Degreasing Product
13.4.5. Printing Products
13.4.6. Adhesives
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Solvents Market Size and Volume Forecast by Type
13.7.1. Hydrocarbons
13.7.2. Acids
13.7.3. Esters
13.7.4. Glycols
13.7.5. Aromatics
13.7.6. Alcohols
13.7.7. Ketones
13.7.8. Ethers
13.7.9. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Solvents Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Solvents Market: Market Share Analysis
14.2. Industrial Solvents Distributors and Customers
14.3. Industrial Solvents Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DowDuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Total
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Exxon Mobil
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Daicel Chemical Industries
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nippon Refine
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Royal Dutch Shell
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Sinopec
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Petroleo Brasileiro
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. OXEA Chemicals
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lyondell Basell Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Arkema
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BP
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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