US Solvents Market

NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

US Solvents Market

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US demand to rebound from recent lows

US solvent demand will continue to rebound from its recessionary lows, rising more than one percent per year in volume terms through 2016. Increased demand for "green" solvents, particularly in consumer oriented markets, will drive advances, along with a rebound in the construction market where solvent consumption will increase at the fastest pace. Alcohols and glycols, both of which can be sourced at least partially from renewable resources, will achieve the greatest gains, while other green solvents such as butanediol, terpenes, and esters will rise at an even faster pace. While the solvent industry will experience healthy advances through 2016, even stronger growth will be limited by the ongoing shift away from oil-based paint, and industry efforts to reduce solvent consumption. Consequently, total solvent demand will not surpass the levels achieved in 2006 until after 2016.

Rising demand for green products to continue affecting solvent industry

A long term rise in consumer demand for environmentally friendly products is having a profound effect on the solvent industry as cleaning product and cosmetic and toiletry manufacturers increasingly introduce new or reformulated products that can be marketed as green because they use chemicals and/or solvents derived from renewable (green) resources. Improved public perception and government regulations are also driving the shift, both at the state and federal levels. In particular, the need to meet stricter VOC regulations has benefited demand for glycol solvents in the paint and coatings market, where they offer formulators excellent options to reduce VOC content. In the pharmaceuticals market, the need to meet stringent FDA and EPA regulations has prompted greater demand for alcohols -- in particular, ethanol. Chemical processors also looking to comply with VOC regulations are increasingly turning toward butanediol and its derivatives to lower VOC content while using solvents.

Market gains to be limited by reformulations, recycling

The solvent industry was heavily impacted by the severity of the great recession that began in late 2007, with falling demand in all markets, including service related markets such as transportation and dry cleaning that have often been more resilient in past economic downturns. Construction related markets were particularly impacted with the decline in construction spending which also affected the paint and coatings and adhesives and sealant markets. While strong gains in construction spending through 2016 will drive growth in that market, advances will be more limited in paint and coatings and adhesives and sealants due to a shift away from products that contain hydrocarbons and chlorinated solvents. Most other markets began recovering in 2010, including the transportation market, which will continue to be the largest market through 2021. Growth in the transportation market, however, will trail advances in solvent demand overall due to the impact of lengthening recommended engine coolant flush intervals by vehicle manufacturers. Additionally, solvent demand in a number of manufacturing markets will be constrained by ongoing company efforts to implement integrated solvent recycling operations and introduce new and/or reformulated products containing less solvent.

Study coverage

This upcoming industry study presents historical demand data for 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by solvent type, market, and function. The study also considers market environment factors, evaluates company market share, and profiles 45 industry competitors.

TABLE OF CONTENTS

INTRODUCTION X

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Demographic Trends 5

Macroeconomic Outlook 8

Consumer Spending 11

Manufacturing Outlook 14

Food & Beverage Outlook 18

Chemical Industry Outlook 20

Electronics Industry Outlook 23

Plastics & Rubber Industry Outlook 25

Petroleum Refining Outlook 27

Environmental & Regulatory Issues 28

Air Quality Issues 30

Worker Safety Issues 32

Solvent Recycling 33

Historical Market Trends 34

Pricing Trends 36

International Activity & Foreign Trade 38

III. PRODUCTS 42

Demand Overview 42

Functions 46

Green Solvents 49

Alcohols 51

Ethanol 54

Methanol 58

Isopropanol 61

Butanol 64

Other Alcohols 67

Market Share 70

Glycols 71

Ethylene Glycol 73

Propylene Glycol 76

E-Series Glycol Ethers 79

P-Series Glycol Ethers 82

Dipropylene Glycol 85

Other Glycols 87

Market Share 89

Hydrocarbons 90

Ketones 95

Acetone 98

Methyl Ethyl Ketone 100

Methyl Isobutyl Ketone 102

Other Ketones 104

Market Share 106

Esters 107

Ethyl Acetate 109

Butyl Acetate 111

Other Esters 113

Market Share 114

Chlorinated Solvents 115

Methylene Chloride 119

Perchloroethylene 120

Trichloroethylene 121

Other Chlorinated Solvents 121

Markets 122

Market Share 123

Butanediol & Derivative Solvents 124

Butanediol 125

Gamma-Butyrolactone & Derivatives 127

Tetrahydrofuran 129

Market Share 131

Soy Oil & Derivatives 132

Terpenes 133

Other Solvents 135

IV. MARKETS 139

General 139

Transportation 141

Industry Overview 141

Solvents Demand 143

Paints & Coatings 147

Industry Overview 148

Solvents Demand 149

Printing Inks 153

Industry Overview 153

Solvents Demand 155

Cleaning Products 158

Industry Overview 158

Solvents Demand 160

Cosmetics & Toiletries 163

Industry Overview 163

Solvents Demand 166

Adhesives & Sealants 167

Industry Overview 168

Solvents Demand 170

Chemical Processing 172

Industry Overview 172

Solvents Demand 174

Construction 176

Industry Overview 176

Solvents Demand 179

Other Markets 182

Pharmaceuticals 183

Asphalt Production 186

Dry Cleaning 187

Electronic Components 189

Plastics & Rubber Processing 192

Metal Processing 193

Food & Beverage Processing 195

Agricultural Chemicals 197

Petroleum Refining 199

All Other Markets 200

V. INDUSTRY STRUCTURE 202

General 202

Market Share 205

Industry Restructuring 208

Competitive Strategies 210

Low-Cost Leadership 211

Cooperative Agreements 211

Product Differentiation 213

Research & Development 214

Marketing & Distribution 215

Company Profiles 216

Arch Chemicals, see Lonza Group

Archer-Daniels-Midland Company 217

Arizona Chemical Company LLC 219

Arkema SA 220

Ashland Incorporated 222

BASF SE 224

BP plc 227

Celanese Corporation 228

Chevron Phillips Chemical Company LLC 230

CITGO Petroleum, see Petroleos de Venezuela

ConocoPhillips 232

Croda International plc 233

Dow Chemical Company 235

DuPont (EI) de Nemours 242

Dynaloy, see Eastman Chemical

Eastman Chemical Company 244

Exxon Mobil Corporation 248

Flint Hills Resources, see Koch Industries

Florida Chemical Company Incorporated 250

Georgia Gulf Corporation 252

Honeywell International Incorporated 253

Huntsman Corporation 255

Indorama Corporation 257

INEOS Group Limited 258

INVISTA Sarl, see Koch Industries

Koch Industries Incorporated 260

La Porte Methanol, see LyondellBasell Industries

Lonza Group Limited 263

LyondellBasell Flavors and Fragrances, see

LyondellBasell Industries

LyondellBasell Industries NV 265

Marathon Petroleum Corporation 271

MEGlobal International FZE, see Dow Chemical

Methanex Corporation 272

Mount Vernon Phenol Plant Partnership, see Petroleos de

Venezuela

Occidental Petroleum Corporation 274

OXEA GmbH 275

OxyChem, see Occidental Petroleum

PBF Energy Incorporated 276

Petroleos de Venezuela SA 277

Phillips 66 279

PPG Industries Incorporated 281

Renessenz LLC 283

Rhodia, see Solvay

Royal Dutch Shell plc 284

Shell Chemical, see Royal Dutch Shell

Solvay SA 288

Sunoco Incorporated 291

Total SA 293

Valero Energy Corporation 294

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Population & Households 8

2 Macroeconomic Indicators 11

3 Personal Consumption Expenditures 14

4 Manufacturers' Shipments 17

5 Food & Beverage Shipments 20

6 Chemical Shipments 23

7 Electronic Component Shipments 25

8 Plastics & Rubber Product Shipments 26

9 Refined Petroleum Products Consumption & Production 28

10 Solvents Market, 2001-2011 35

11 Solvents Pricing 38

SECTION III -- PRODUCTS

1 Solvents Demand by Product 44

2 Solvent Demand by Function 48

3 Solvents Demand: Conventional vs. Green 50

4 Alcohol Solvents Demand by Type 53

5 Ethanol Solvents Demand 58

6 Methanol Solvents Demand 61

7 Isopropanol Solvents Demand 64

8 Butanol Solvents Demand 67

9 Other Alcohol Solvents Demand 70

10 Glycol Solvents Demand by Type 72

11 Ethylene Glycol Solvents Demand 76

12 Propylene Glycol Solvents Demand 79

13 E-Series Glycol Ether Solvents Demand 82

14 P-Series Glycol Ether Solvents Demand 85

15 Dipropylene Glycol Solvents Demand 87

16 Other Glycol Solvents Demand 89

17 Hydrocarbon Solvents Demand by Type & Market 93

18 Ketone Solvents Demand by Type 97

19 Acetone Solvents Demand 100

20 Methyl Ethyl Ketone Solvents Demand 102

21 Methyl Isobutyl Ketone Solvents Demand 104

22 Other Ketone Solvents Demand 106

23 Ester Solvents Demand by Type 108

24 Ethyl Acetate Solvents Demand 111

25 Butyl Acetate Solvents Demand 112

26 Other Ester Solvents Demand 114

27 Chlorinated Solvents Demand by Type 118

28 Chlorinated Solvents Demand by Market 123

29 Butanediol & Derivative Solvents Demand 125

30 Butanediol Solvents Demand 126

31 Gamma-Butyrolactone & Derivatives Solvents Demand 129

32 Tetrahydrofuran Solvents Demand 131

33 Soy Oil & Derivative Solvents Demand 133

34 Terpene Solvents Demand 135

35 Other Solvents Demand by Product & Market 138

SECTION IV -- MARKETS

1 Solvents Demand by Market 140

2 Transportation Indicators 143

3 Transportation Market for Solvents 146

4 Paints & Coatings Shipments 149

5 Paints & Coatings Market for Solvents 152

6 Printing Ink Shipments 155

7 Printing Ink Market for Solvents 157

8 Cleaning Product Shipments 160

9 Cleaning Product Market for Solvents 162

10 Cosmetic & Toiletry Supply & Demand 165

11 Cosmetics & Toiletries Market for Solvents 167

12 Adhesives & Sealants Shipments 169

13 Adhesives & Sealants Market for Solvents 171

14 Chemical Product Shipments 174

15 Chemical Processing Market for Solvents 175

16 Construction Expenditures 179

17 Construction Market for Solvents 181

18 Other Markets for Solvents 183

19 Pharmaceutical Market for Solvents 185

20 Asphalt Production Market for Solvents 187

21 Dry Cleaning Solvents Demand 189

22 Electronics Market for Solvents 191

23 Plastics & Rubber Market for Solvents 193

24 Metal Processing Market for Solvents 195

25 Food & Beverage Processing Market for Solvents 197

26 Agricultural Chemicals Market for Solvents 198

27 Refined Petroleum Products Market for Solvents 200

28 All Other Markets for Solvents 201

SECTION V -- INDUSTRY STRUCTURE

1 Solvent Sales by Company, 2011 203

2 Selected Acquisitions & Divestitures 209

3 Selected Cooperative Agreements 212

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Solvents Demand, 2002-2011 36

SECTION III -- PRODUCTS

1 Solvents Demand by Type, 2011: Volume & Value 45

2 Solvent Demand by Function, 2011 48

3 Conventional vs. Green Solvent Demand, 2001-2021 51

4 Alcohol Solvents Demand by Type, 2011 54

5 Alcohol Solvents Market Share, 2011 71

6 Glycol Solvents Demand by Type, 2011 73

7 Glycol Solvents Market Share, 2011 90

8 Ketone Solvents Demand by Type, 2011 98

9 Ketone Solvents Market Share, 2011 107

10 Ester Solvents Demand by Type, 2011 109

11 Ester Solvents Market Share, 2011 115

12 Chlorinated Solvents Demand by Type, 2011 119

SECTION IV -- MARKETS

1 Solvent Demand by Market, 2011 141

SECTION V -- INDUSTRY STRUCTURE

1 US Solvents Market Share, 2011 206

To order this report:

Petrochemical Industry: US Solvents Market

Contact Nicolas: [email protected]
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