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Solvent Market Demand Was 18,303.2 Kilo Tons In 2013 And Is Expected To Reach 22,973.4 Kilo Tons By 2020: Grand View Research, Inc.

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The Global Solvent Market is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key
Solvent market size to reach usd 31.63 billion by 2020
“The Global Solvent Market is expected to reach USD 31.63 billion by 2020.
Increasing demand for industrial solvents from pharmaceuticals and paints &
coatings industry is expected to remain a key driving factor for the global market”
The Global Solvent Market is expected to reach USD 31.63 billion by 2020,
according to a new study by Grand View Research, Inc. Increasing demand for
industrial solvents from pharmaceuticals and paints & coatings industry is expected to
remain a key driving factor for the global market. Additionally, high infrastructure
spending and positive industrial outlook in the emerging markets of Asia Pacific and
Latin America is further expected to fuel solvent demand over the next six years.
Alcohol based solvents emerged as the leading product segment and accounted for
29.8% of total market volume in 2013. Along with being the largest product segment,
alcohol based solvents is also expected to be the fastest growing products, at an
estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by
hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.
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Detailed Research Report available at:
http://www.grandviewresearch.com/industry-analysis/solvent-market
Further key findings from the study suggest:

The global market for solvents was 18,303.2 kilo tons in 2013 and is expected to
reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.

Paints & coatings were the largest application segment for solvents and
accounted for over 60% of total market volume in 2013. Along with being the
largest application segment, paints & coatings are also expected to be the fastest
growing application for solvents, at an estimated CAGR of 3.6% from 2014 to
2020. Growth of global paints and coatings industry is expected to drive the
demand for solvents over the next six years.

Asia Pacific continued its dominance in the global market and accounted for over
40% of total market volume in 2013. In addition of being the largest market, Asia
Pacific is also expected to be the fastest growing regional market for solvents at
an estimated CAGR of 3.7% from 2014 to 2020.

The global market for solvents is moderately fragmented with top four companies
including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum
(BP) accounting for just over 45% of total market in 2013. Some other companies
operating in the global market include BASF, Sasol Solvents, Celanese
Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.
Read our blog on bulk chemicals industry:
http://www.grandviewresearch.com/blogs/bulk-chemicals
Table of content of global solvent market research report:
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Chapter 1. Executive Summary
1.1. Solvent - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Solvent Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. Solvents Value Chain Analysis
2.4. Solvent Market Dynamics
2.4.1.
Market Driver Analysis
2.4.2.
Market Restraint Analysis
2.5. Key Opportunities Prioritized
2.6. Industry Analysis - Porter's
2.7. Solvent- Company Market Share Analysis
2.8. Solvent Market PESTEL Analysis, 2012
Chapter 3. Solvent Product Outlook
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3.1. Hydrocarbons
3.1.1. Solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons)
(USD Million)
3.2. Alcohol
3.2.1.Alcohol based solvent market estimates and forecasts, 2012 - 2020
(Kilo Tons) (USD Million)
3.3. Esters
3.3.1.Ester based solvent market estimates and forecasts, 2012 - 2020
(Kilo Tons) (USD Million)
3.4. Ketones
3.4.1.Ketone based solvent market estimates and forecasts, 2012 - 2020
(Kilo Tons) (USD Million)
3.5. Chlorinated
3.5.1.Chlorine based solvent market estimates and forecasts, 2012 - 2020
(Kilo Tons) (USD Million)
Chapter 4. Solvent Application Outlook
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4.1. Printing Inks
4.1.1. market estimates and forecasts from printing inks, 2012 - 2020 (Kilo
Tons) (USD Million)
4.2. Paints and Coatings
4.2.1. market estimates and forecasts from paints and coatings, 2012 2020 (Kilo Tones) (USD Million)
4.3. Pharmaceuticals
4.3.1. market estimates and forecasts from pharmaceuticals, 2012 - 2020
(Kilo Tones) (USD Million)
4.4. Adhesives and Cosmetics
4.4.1. market estimates and forecasts from adhesives and cosmetics,
2012 - 2020 (Kilo Tones) (USD Million)
Chapter 5. Solvent Regional Outlook
5.1. North America
5.1.1. Solvent market estimates and forecasts, by product, 2012 - 2020
(Kilo Tons) (USD Million)
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5.1.2. Solvent market estimates and forecasts, by application, 2012 - 2020
(Kilo Tons) (USD Million)
5.2. Europe
5.2.1. Solvent market estimates and forecasts, by product, 2012 - 2020
(Kilo Tons) (USD Million)
5.2.2. Solvent market estimates and forecasts, by application, 2012 - 2020
(Kilo Tons) (USD Million)
5.3. Asia Pacific
5.3.1. Solvent market estimates and forecasts, by product, 2012 - 2020
(Kilo Tons) (USD Million)
5.3.2. Solvent market estimates and forecasts, by application, 2012 - 2020
(Kilo Tons) (USD Million)
5.4. RoW
5.4.1.RoW solvent market estimates and forecasts, by product, 2012 2020 (Kilo Tons) (USD Million)
5.4.2.RoW solvent market estimates and forecasts, by application, 2012 2020 (Kilo Tons) (USD Million)
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Chapter 6 Solvents Competitive Landscape
6.1 BASF SE
6.1.1 Company Overview
6.1.2 Financial Performance
6.1.3 Product Benchmarking
6.1.4 Strategic Initiatives
6.2 Dow Chemicals
6.2.1 Company Overview
6.2.2 Financial Performance
6.2.3 Product Benchmarking
6.2.4 Strategic Initiatives
6.3 Shell Chemicals
6.3.1 Company Overview
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6.3.2 Financial Performance
6.3.3 Product Benchmarking
6.3.4 Strategic Initiatives
6.4 Sasol Solvents
6.4.1 Company Overview
6.4.2 Financial Performance
6.4.3 Product Benchmarking
6.4.4 Strategic Initiatives
6.5 Exxon Mobil Corporation
6.5.1 Company Overview
6.5.2 Financial Performance
6.5.3 Product Benchmarking
6.5.4 Strategic Initiatives
6.6 Celanese Corporation
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6.6.1 Company Overview
6.6.2 Financial Performance
6.6.3 Product Benchmarking
6.6.4 Strategic Initiatives
6.7 Maruzen Petrochemicals
6.7.1 Company Overview
6.7.2 Financial Performance
6.7.3 Product Benchmarking
6.7.4 Strategic Initiatives
6.8 Ashland Inc.
6.8.1 Company Overview
6.8.2 Financial Performance
6.8.3 Product Benchmarking
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6.8.4 Strategic Initiatives
6.9 Eastman Chemical Company
6.9.1 Company Overview
6.9.2 Financial Performance
6.9.3 Product Benchmarking
6.9.4 Strategic Initiatives
6.10 Honeywell International Inc.
6.10.1 Company Overview
6.10.2 Financial Performance
6.10.3 Product Benchmarking
6.10.4 Strategic Initiatives
6.11 Huntsman Corp.
6.11.1 Company Overview
6.11.2 Financial Performance
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6.11.3 Product Benchmarking
6.11.4 Strategic Initiatives
6.12 INEOS AG
6.12.1 Company Overview
6.12.2 Financial Performance
6.12.3 Product Benchmarking
6.12.4 Strategic Initiatives
6.13 Lyondellbasell Industries N.V.
6.13.1 Company Overview
6.13.2 Financial Performance
6.13.3 Product Benchmarking
6.13.4 Strategic Initiatives
6.14 Solvay SA
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6.14.1 Company Overview
6.14.2 Financial Performance
6.14.3 Product Benchmarking
6.14.4 Strategic Initiatives
Chapter 7. Methodology and Scope
7.1. Research Methodology
7.2. Research Scope & Assumption
7.3. List of Data Sources
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About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: [email protected]
Web – http://www.grandviewresearch.com/
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dhanashree
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