Global Solvents Industry

NEW YORK, Feb. 25, 2020 /PRNewswire/ --

Solvents market worldwide is projected to grow by 6.1 Million Metric Tons, driven by a compounded growth of 2.9%. Alcohols, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 13.3 Million Metric Tons by the year 2025, Alcohols will bring in healthy gains adding significant momentum to global growth.

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- Representing the developed world, the United States will maintain a 3.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 300.3 Thousand Metric Tons to the region's size and clout in the next 5 to 6 years. Over 286.1 Thousand Metric Tons worth of projected demand in the region will come from Rest of Europe markets. In Japan, Alcohols will reach a market size of 1.2 Million Metric Tons by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 2.6% over the next couple of years and add approximately 986.1 Thousand Metric Tons in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include, among others,

• BASF SE
• BioAmber, Inc.
• BP p.l.c.
• Celanese Corporation
• Chevron Phillips Chemical Company LP
• CITGO Petroleum Corporation
• Eastman Chemical Company
• Exxon Mobil Corporation
• Honeywell International, Inc.
• Huntsman Corporation
• INEOS Group Limited
• LyondellBasell Industries N.V.
• Occidental Chemical Corporation
• Sasol Limited
• Shell Chemicals Limited
• Solvay S.A.
• The Dow Chemical Company
• Union Carbide Corporation

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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Recent Market Activity
A Prelude
Growing Popularity of Bio and Green Solvents
Market Prospects Intrinsically Linked to Economic Scenario
Stable Economic Outlook to Keep Market Sentiment Intact in the
Immediate Term
Market Outlook
Asia-Pacific: The Most Important Market for Solvents
Global Competitor Market Shares
Solvents Competitor Market Share Scenario Worldwide (in %):
2020 & 2029


2. FOCUS ON SELECT PLAYERS

Ashland Global Holdings Inc. (USA)
BASF SE (Germany)
BioAmber, Inc. (Canada)
BP p.l.c. (UK)
Celanese Corporation (USA)
Chevron Phillips Chemical Company LP (USA)
CITGO Petroleum Corporation (USA)
Eastman Chemical Company (USA)
Exxon Mobil Corporation (USA)
Honeywell International, Inc. (USA)
Huntsman Corporation (USA)
INEOS Group Limited (UK)
LyondellBasell Industries N.V. (The Netherlands)
Occidental Chemical Corporation (USA)
Sasol Limited (South Africa)
Shell Chemicals Limited (UK)
Solvay S.A. (Belgium)
The Dow Chemical Company (USA)
Union Carbide Corporation (USA)
Total S.A. (France)


3. MARKET TRENDS & DRIVERS

Green Solvents Set to Make Bigger Gains
Petrochemical-based Solvents vs Green Solvents: A Comparative
Analysis
Environmental Regulations Spur Growth of Green Solvents
North America Leads in Bio Solvents for Oilfield Applications
Oxygenated Solvents - Green Credentials Drive Increased
Consumption
Brief Overview of Select Oxygenated Solvents
Diacetone Alcohol (DAA)
Hexylene Glycol
Isophorone (IPHO)
Mesityl Oxide (MO)
Methylisobutylcarbinol (MIBC)
Methylisobutylketone (MIBK)
Trimethylcyclohexanone (TMCHONE)
Alcohols - the Largest and Fastest Growing Market
Dibasic Esters Gather Momentum
Methyl Ether Ketones Witness Demand Deceleration
Growing Demand for Acetates
Hydrocarbon and Chlorinated Solvents Demand on the Decline
Key Role of Solvents in a Plethora of Manufacturing &
Processing Applications Keeps the Market Momentum Intact
Paints & Coatings: Major End-Use Sector for Solvents
Declining Use of Solvent-based Paints & Coatings Remains a Key
Concern
Adhesives: A Conventional End-Use Application
Major End-Use Applications for Adhesives: A Snapshot
Industrial Cleaning: A Key Revenue Contributor
Electronic Cleaning Solvents - Banking on the Rise of
Electronics Manufacturing
Household Cleaning Products Rely on Solvents for Effective
Performance
Solvents Remain a Key Material in Pharmaceutical Preparation
Solvents: A Primary Material in Printing Ink Manufacturing
Application of Solvents in Printing Inks by Printing Process:
A Snapshot
Rising Demand for Personal Care and Cosmetics Bodes Well for
Market Growth
Solvents for Food Processing and Packaging
Use of Solvents Remains Important in Automobile Manufacturing
and Assembly
Market to Benefit from Upward Trajectory in Automotive Production
Opportunity Indicators
Solvents & Solvent-containing Materials - Critical in Aircraft
Construction
Metal Casting Industry Relies on Solvents for Smoother Process
Operations
Solvents Induce Flexibility in Asphalt Compounding
Wood Preservation Made Easier with Solvents
Solvent Usage in Ground Transportation
Advanced Solvent Based Cleaning Systems Replace Aqueous
Cleaning Systems
Trade Statistics
Organic Composite Solvents and Thinners, Prepared Paint or
Varnish Removers
Waste Organic Solvents, Halogenated
Waste Organic Solvents, Non-Halogenated


4. GLOBAL MARKET PERSPECTIVE

Table 1: Solvents Global Market Estimates and Forecasts in
Metric Tons by Region/Country: 2018-2025
Table 2: Solvents Global Retrospective Market Scenario in
Metric Tons by Region/Country: 2009-2017
Table 3: Solvents Market Share Shift across Key Geographies
Worldwide: 2009 VS 2019 VS 2025
Table 4: Alcohols (Product Segment) World Market by
Region/Country in Metric Tons: 2018 to 2025
Table 5: Alcohols (Product Segment) Historic Market Analysis by
Region/Country in Metric Tons: 2009 to 2017
Table 6: Alcohols (Product Segment) Market Share Breakdown of
Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 7: Hydrocarbon Solvents (Product Segment) Potential
Growth Markets Worldwide in Metric Tons: 2018 to 2025
Table 8: Hydrocarbon Solvents (Product Segment) Historic Market
Perspective by Region/Country in Metric Tons: 2009 to 2017
Table 9: Hydrocarbon Solvents (Product Segment) Market Sales
Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 10: Esters (Product Segment) Geographic Market Spread
Worldwide in Metric Tons: 2018 to 2025
Table 11: Esters (Product Segment) Region Wise Breakdown of
Global Historic Demand in Metric Tons: 2009 to 2017
Table 12: Esters (Product Segment) Market Share Distribution in
Percentage by Region/Country: 2009 VS 2019 VS 2025
Table 13: Ketones (Product Segment) World Market Estimates and
Forecasts by Region/Country in Metric Tons: 2018 to 2025
Table 14: Ketones (Product Segment) Market Historic Review by
Region/Country in Metric Tons: 2009 to 2017
Table 15: Ketones (Product Segment) Market Share Breakdown by
Region/Country: 2009 VS 2019 VS 2025
Table 16: Chlorinated Solvents (Product Segment) World Market
by Region/Country in Metric Tons: 2018 to 2025
Table 17: Chlorinated Solvents (Product Segment) Historic
Market Analysis by Region/Country in Metric Tons: 2009 to 2017
Table 18: Chlorinated Solvents (Product Segment) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 19: Ethers (Product Segment) World Market Estimates and
Forecasts in Metric Tons by Region/Country: 2018 to 2025
Table 20: Ethers (Product Segment) Market Worldwide Historic
Review by Region/Country in Metric Tons: 2009 to 2017
Table 21: Ethers (Product Segment) Market Percentage Share
Distribution by Region/Country: 2009 VS 2019 VS 2025


III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Solvents Market Share (in %) by Company: 2020 & 2025
Market Analytics
Table 22: United States Solvents Market Estimates and
Projections in Metric Tons by Product Segment: 2018 to 2025
Table 23: Solvents Market in the United States by Product
Segment: A Historic Review in Metric Tons for 2009-2017
Table 24: United States Solvents Market Share Breakdown by
Product Segment: 2009 VS 2019 VS 2025
CANADA
Table 25: Canadian Solvents Market Estimates and Forecasts in
Metric Tons by Product Segment: 2018 to 2025
Table 26: Canadian Solvents Historic Market Review by Product
Segment in Metric Tons: 2009-2017
Table 27: Solvents Market in Canada: Percentage Share Breakdown
of Sales by Product Segment for 2009, 2019, and 2025
JAPAN
Table 28: Japanese Market for Solvents: Annual Sales Estimates
and Projections in Metric Tons by Product Segment for the
Period 2018-2025
Table 29: Solvents Market in Japan: Historic Sales Analysis in
Metric Tons by Product Segment for the Period 2009-2017
Table 30: Japanese Solvents Market Share Analysis by Product
Segment: 2009 VS 2019 VS 2025
CHINA
Table 31: Chinese Solvents Market Growth Prospects in Metric
Tons by Product Segment for the Period 2018-2025
Table 32: Solvents Historic Market Analysis in China in Metric
Tons by Product Segment: 2009-2017
Table 33: Chinese Solvents Market by Product Segment:
Percentage Breakdown of Sales for 2009, 2019, and 2025
EUROPE
Market Facts & Figures
European Solvents Market: Competitor Market Share Scenario (in
%) for 2020 & 2025
Market Analytics
Table 34: European Solvents Market Demand Scenario in Metric
Tons by Region/Country: 2018-2025
Table 35: Solvents Market in Europe: A Historic Market
Perspective in Metric Tons by Region/Country for the Period
2009-2017
Table 36: European Solvents Market Share Shift by
Region/Country: 2009 VS 2019 VS 2025
Table 37: European Solvents Market Estimates and Forecasts in
Metric Tons by Product Segment: 2018-2025
Table 38: Solvents Market in Europe in Metric Tons by Product
Segment: A Historic Review for the Period 2009-2017
Table 39: European Solvents Market Share Breakdown by Product
Segment: 2009 VS 2019 VS 2025
FRANCE
Table 40: Solvents Market in France by Product Segment:
Estimates and Projections in Metric Tons for the Period
2018-2025
Table 41: French Solvents Historic Market Scenario in Metric
Tons by Product Segment: 2009-2017
Table 42: French Solvents Market Share Analysis by Product
Segment: 2009 VS 2019 VS 2025
GERMANY
Table 43: Solvents Market in Germany: Recent Past, Current and
Future Analysis in Metric Tons by Product Segment for the
Period 2018-2025
Table 44: German Solvents Historic Market Analysis in Metric
Tons by Product Segment: 2009-2017
Table 45: German Solvents Market Share Breakdown by Product
Segment: 2009 VS 2019 VS 2025
ITALY
Table 46: Italian Solvents Market Growth Prospects in Metric
Tons by Product Segment for the Period 2018-2025
Table 47: Solvents Historic Market Analysis in Italy in Metric
Tons by Product Segment: 2009-2017
Table 48: Italian Solvents Market by Product Segment:
Percentage Breakdown of Sales for 2009, 2019, and 2025
UNITED KINGDOM
Table 49: United Kingdom Market for Solvents: Annual Sales
Estimates and Projections in Metric Tons by Product Segment for
the Period 2018-2025
Table 50: Solvents Market in the United Kingdom: Historic Sales
Analysis in Metric Tons by Product Segment for the Period
2009-2017
Table 51: United Kingdom Solvents Market Share Analysis by
Product Segment: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 52: Rest of Europe Solvents Market Estimates and
Forecasts in Metric Tons by Product Segment: 2018-2025
Table 53: Solvents Market in Rest of Europe in Metric Tons by
Product Segment: A Historic Review for the Period 2009-2017
Table 54: Rest of Europe Solvents Market Share Breakdown by
Product Segment: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 55: Solvents Market in Asia-Pacific by Product Segment:
Estimates and Projections in Metric Tons for the Period
2018-2025
Table 56: Asia-Pacific Solvents Historic Market Scenario in
Metric Tons by Product Segment: 2009-2017
Table 57: Asia-Pacific Solvents Market Share Analysis by
Product Segment: 2009 VS 2019 VS 2025
REST OF WORLD
Table 58: Rest of World Solvents Market Estimates and Forecasts
in Metric Tons by Product Segment: 2018 to 2025
Table 59: Rest of World Solvents Historic Market Review by
Product Segment in Metric Tons: 2009-2017
Table 60: Solvents Market in Rest of World: Percentage Share
Breakdown of Sales by Product Segment for 2009, 2019, and 2025


IV. COMPETITION

Total Companies Profiled: 144
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