Global Solvents Market to Value USD 29.28 Billion by 2018: Transparency Market Research

ALBANY, New York, September 25, 2014 /PRNewswire/ --

A new report published by Transparency Market Research on the global market of industrial solvents, titled "Solvents Market (Alcohols, Hydrocarbons, Ketones, Esters, Chlorinated and Others) for Paints and Coatings, Printing Inks, Pharmaceuticals, Adhesives and Cosmetics and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018" estimates that this market will reach a market value worth  USD 29.28 billion by the end of 2018, experiencing growth at an annual average CAGR of 3.2% during the forecast period ranging from 2012 to 2018. The demand for this market in terms of volume is estimated to reach an estimated value of 21,530.8 kilo tons by 2018, showing growth at the rate of CAGR of 3.2% during the forecast period. This market was valued at approximately USD 22.79 billion in 2011.

Browse Full Solvents Market Report with ToC: http://www.transparencymarketresearch.com/solvents-market.html

Solvents are chemical substances that are routinely used in commercial industries for dissolving substances such as rubber, plastics, oils, fats, resins, paints and coatings. Solvents are usually liquid but may also be gases or solids. The most common commercial uses of solvents are as nail polish removers, glue solvents, in detergents, in spot removers, in dry cleaning, in chemical synthesis and as paint thinners.

According to the new report published by US based market intelligence firm Transparency Market Research, the global market for industrial solvents is expected to earn market value worth an approximate USD 29.28 billion by 2018. This will result from an average annual growth of 3.2% during the forecast period. The report estimates that the dynamic growth in the construction and automobile industries in emerging economies like India, China, Russia and Brazil will especially continue to increase the global demand for solvents.

For further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1594

Growth in the residential and commercial building projects in these regions, added with a surge in the demand for automobiles in these developing economies have led to an added demand for global paints and coatings, which will continue to increase the global demand for solvents.

The report adds that regionally, the market in Europe will grow with a sluggish pace owing to the mature nature of market in this region while North America, following Europe closely, is also anticipated to achieve moderate growth over the forecast period. The region of Asia Pacific, which dominated the market with a 40% share in 2011, is estimated to continue its run for solvents owing to growing demands from emerging economies such as India and China. The US market of solvents is, however, deemed to suffer a huge blow owing to the rise in government legislations controlling the production and use of solvents. This has resulted from the growing awareness about the hazards of solvent exposure on human health as well as the environment.

Related and Published Reports by Transparency Market Research 

• Flexible Packaging Market: http://www.transparencymarketresearch.com/flexible-packaging-industry.html
• Construction Paints and Coatings Market: http://www.transparencymarketresearch.com/construction-paints-coatings-market.html
• Abrasives Market: http://www.transparencymarketresearch.com/coated-abrasives-market.html

Product-wise, the segment of alcohol-based solvents had garnered the highest shares of revenue for the solvents market in the year 2011. Along with being the highest grosser in earlier times, this segment is slated to be one of the fastest growing markets of the future too. The segment of hydrocarbons-based solvents, that earlier followed alcohol-based solvents in terms of market share and demands, is expected to grow moderately during the forecast period.

Application-wise, the global solvents market experienced the highest share of demands, of nearly 60%, from the segment of paints and coatings in the year 2011. The report suggests that market segment, along with being the biggest share holder in the past, will also be the fastest growing segment in the forecast period.

Browse Press Release of Solvents Market: http://www.transparencymarketresearch.com/pressrelease/solvents-market.htm

About Us: 

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact: 

Sheela AK

State Tower, 90 State Street,

Suite 700, Albany NY - 12207

USA/Canada Toll Free: 866-552-3453

Email: [email protected]

Web: http://www.transparencymarketresearch.com/

Blog: http://www.tmrblog.com/

Browse all Chemical and Materials Category Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html

Browse all Press Releases: http://www.transparencymarketresearch.com/press-releases.htm

Browse all Articles: http://www.transparencymarketresearch.com/articles.htm

SOURCE Transparency Market Research