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Industrial Solvents Market Size, Share Global Analysis Report, 2020–2026
Industrial Solvents Market By Product (Hydrocarbons, Acids, Esters, Glycols, Aromatics, Alcohols, Ketones, Ethers and Other) and By Application (Dissolution Agent, Cleaning and Degreasing, Paints and Coatings, Applications in Printing Products and Cleaning, Cosmetics, Printing Ink, Adhesives and Other): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
The industrial solvents market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire industrial solvents market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the industrial solvents industry. The report analyzes and declares the historical and current trends analysis of the industrial solvents industry and subsequently recommends the projected trends anticipated to be observed in the industrial solvents market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the industrial solvents market is set to grow annually at a rate of around 3%
- It was established through primary research that the industrial solvents market was valued at around USD 29.8 billion in 2019
- The Asia Pacific held the largest market share of industrial solvents in terms of revenue in 2019
- The “Hydrocarbons” category, on the basis of product segmentation, was the leading revenue-generating category in 2019
- The “Dissolution Agent” category, on the basis of application segmentation, was the leading revenue-generating in 2019
Key Recommendations from Analysts
- As per our analysts, rapid industrialization in emerging economies has led to noteworthy demand for industrial solvents market
- The rising concern for environmental issues caused due to solvents may hamper the growth of this market
- The rising infrastructure sector in developing countries coupled with ongoing research for untapped uses is likely to open new opportunities for the industrial solvent market in the coming years
- Stringent regulation on the manufacturing of industrial solvents is one of the restraints for the market
- Surging demand for industrial solvents in adhesives, paint industries, and printing drives the industrial solvents market
Industrial Solvents Market Share – By Region
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the industrial solvents industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the industrial solvent industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the industrial solvent market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the industrial solvents industry. The industrial solvents market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the industrial solvents sector. Key strategic developments in the industrial solvents market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the industrial solvents market are appropriately highlighted in the report.
Increasing demand from the paint and printing industries is mostly driving the market for industrial solvents. Besides, increasing urbanization and rapidly evolving industrialization is leading to demand growth for industrial solvents.
Yet, the government's strict regulations for the use of solvents due to their impact on the environment hinder this market's growth. Nevertheless, the growing demand for infrastructure from emerging economies is expected in the near future to experience a lucrative opportunity.
The industrial solvents market research report delivers an acute valuation and taxonomy of the industrial solvents industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the industrial solvents industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the industrial solvent industry is provided for the leading economies of the world.
The industrial solvent market is segmented based on product and application. On the basis of product segmentation, the market is classified into hydrocarbons, acids, esters, glycols, aromatics, alcohols, ketones, ethers, and others. In terms of application segmentation, the market is bifurcated into dissolution agents, cleaning and degreasing, paints and coatings, applications in printing products and cleaning, cosmetics, printing ink, adhesives, and others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 29.8 Billion |
Projected Market Size in 2026 |
USD 36.6 Billion |
CAGR Growth Rate |
3% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Daicel Chemical Industries, Lyondell Basell Industries N.V., Arkema S.A., Royal Dutch Shell PLC, SK Innovation Co., Ltd., Sinopec Corp., BP PLC, BASF SE, Exxon Mobil Corporation, Eni S.p.A., Nippon Refine Co., Ltd., The Dow Chemical Company, Petroleo Brasileiro S.A., JX Holdings, Inc., and Others. |
Key Segment |
By Product, By Application, By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the essential players operating in the industrial solvents market, but not restricted to include:
- Daicel Chemical Industries
- Lyondell Basell Industries N.V.
- Arkema S.A.
- Royal Dutch Shell PLC
- SK Innovation Co. Ltd.
- Sinopec Corp.
- BP PLC
- BASF SE
- Exxon Mobil Corporation
- Eni S.p.A.
- Nippon Refine Co. Ltd.
- The Dow Chemical Company
- Petroleo Brasileiro S.A.
- JX Holdings Inc.
The taxonomy of the industrial solvents industry by its scope and segmentation is as follows:
By Product Segmentation Analysis (Customizable)
- Hydrocarbons
- Acids
- Esters
- Glycols
- Aromatics
- Alcohols
- Ketones
- Ethers
- Other
By Application Segmentation Analysis (Customizable)
- Dissolution agent
- Cleaning and degreasing
- Paints and coating
- Printing products and cleaning
- Others
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
Table of Content
Industry Major Market Players
- Daicel Chemical Industries
- Lyondell Basell Industries N.V.
- Arkema S.A.
- Royal Dutch Shell PLC
- SK Innovation Co. Ltd.
- Sinopec Corp.
- BP PLC
- BASF SE
- Exxon Mobil Corporation
- Eni S.p.A.
- Nippon Refine Co. Ltd.
- The Dow Chemical Company
- Petroleo Brasileiro S.A.
- JX Holdings Inc.
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