NEW YORK, Nov. 13, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
http://www.reportlinker.com/p091892/US-Solvents-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Petrochemical
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
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