DUBLIN, April 23, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/7262hh/solvent_market_by) has announced the addition of the "Solvent Market by Type Application & Source - Global Trends & Forecast to 2018" report to their offering.

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The global solvent market is anticipated to increase by 3.0% annually, to reach 33.4 million tons, by 2018. Solvents are primarily used to dissolve, suspend, and carry particles, thereby forming a solution. The bio & green solvent market is growing at a high rate, while the conventional solvents market is greatly matured. The report covers the solvents market and its trends that concern four regions, namely, North America, Europe, Asia-Pacific, and ROW (Rest of the World); and the major countries in each region such as U.S., Canada, Germany, China, South Arabia, Brazil, and others.

Various applications such as paints & coatings, pharmaceuticals, adhesives, printing inks, personal care, metal cleaning, rubber & polymer, agricultural chemicals, and others are covered. Solvents by types , that is, oxygenated, hydrocarbon, and halogenated, which include others have also been studied. These have further been broken down by their respective sub types, such as alcohols, glycols, glycol ethers, ketones, and esters for oxygenated solvents, aliphatic and aromatic solvent for hydrocarbon, methylene chloride, trichloroethylene, and perchloroethylene for halogenated solvents.

Asia-Pacific, being the global manufacturing hub of the world, is the largest market for solvent. Emerging economies such as China and India, and growing activities in the construction and automotive sector provide a further push to the market. Globally, paints & coatings is the largest market for solvents.

Asia-Pacific will continue to lead the global solvent market by 2018. However, North America and Europe will lead the consumption of bio & green solvents due to growing regulations and concerns for high VOC emission. Toxicity issues, due to the usage of conventional solvents, is leading to a rapid replacement of these with the green alternatives. In the solvents market, the industry comprises of several global and regional players such as BASF (Germany), ExxonMobil (U.S.), The DOW Chemical Company (U.S.), and Sinopec (China) among various others.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Premium Insights

4 Market Overview

5 Industrial Solvents Market, By Source

6 Industrial Solvents Market, By Type

7 Industrial Solvents Market, By Application

8 Industrial Solvents Market, By Geography

9 Competitive Landscape

10 Company Profiles

Companies Mentioned:

• Ashland Inc.
• Basf Se
• Celanese Corporation
• Eastman Chemical Company
• Exxonmobil Corporation
• Honeywell International Inc.
• Huntsman Corp.
• Ineos Ag
• Lyondellbasell Industries N.V.
• Royal Dutch Shell
• Sasol Ltd.
• Solvay Sa

For more information visit http://www.researchandmarkets.com/research/7262hh/solvent_market_by

Media Contact: Laura Wood , +353-1-481-1716, [email protected]

SOURCE Research and Markets