Industrial Solvent Market

Industrial Solvent Market is anticipated to grow at CAGR of about 10 % during a forecast period of 2017-2026. Industrial Solvent is the modulate class of chemical that tend to emit regulated volatile organic compounds which contribute to lower-level ozone formation. Industrial solvents are used for Adhesive and Sealant segment pesticides, photographic reproduction and textile industries. Majority of industrial solvents are involved in oil refining and recovery, dry cleaning, rubber and polymer, fuel additives and metal degreasing. Most of the solvents in industry are used as dissolution agent in various industries which accounts for about half of market share followed by cleansing, degreasing and purification. Growing demand from pharmaceutical, paints and coating industry is boosting the global demand for industrial solvent market. A major restraint for conventional solvents is consumer’s choice for bio-green substitute as they are less reactive and non-VOC in nature. In terms of product type the industrial solvent market is segmented into hydrocarbons, alcohols, ketones, chlorinated, Esters and others. Demand for hydrocarbon solvents is allocated to grow in forecast period. Stringent environmental regulation for the use of organic solvents in various applications is pushing the hydrocarbon solvent market. In terms of application industrial solvent market is segmented into printing ink, paints and coatings, pharmaceuticals, cosmetics, sealant & adhesives and others. Out of these paints and coatings segment constitute one third of the market and is expected to show growth in the forecast period due to increased demand in Industrial and domestic cleaner sector. Based on geography, the global solvent market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Asia-Pacific region is rapidly growing based on the developments taking place in residential and infrastructure sector. Solvents are used on a large scale for painting purposes in infrastructure segment hence supporting the solvent industry to grow. Non-residential and residential building construction will run demand for construction-related materials, such as paint and coatings and adhesives and sealants in turn a solvent. Asia-Pacific region as it holds for approximately half of the demand for solvents market. North America and Europe shows a measurable growth opportunities due to multitude set of environmental regulation which had diverted them to bio based solvent.https://www.maximizemarketresearch.com/market-report/industrial-solvent-market/13078/ BASF SE, Dow Chemicals, Shell Chemicals, Sasol Solvents, ExxonMobil Corporation, Celanese Corporation, Maruzen Petrochemicals, Myriant Corporation, Dow Chemicals, Cargill Incorporated, Gevo Inc., Vertec Bio solvents Inc., Florida Chemicals, Lyondellbasell and E.I du Pont de Numerous and Company, Solvay S.A and Huntsman Corporation are some of the keyplayer in the Industrial solvent market. Industrial Solvent Market By Product Type: • Esters • Alcohols • diols & glycols • D-Limonene • Ketones • Hydrocarbon Industrial Solvent Market By Application Type: • Adhesives & Sealants • Printing Ink • Industrial & Domestic Cleaners • Paints & Coatings • Cosmetic • Pharmaceutical Industrial Solvent Market By Region: • Asia Pacific • Europe • North America • Middle East & Africa • Latin America Key Players Analysed in the Industrial Solvent Market : • Royal Dutch Shell Plc • Lyondell Basell Industries N.V. • ExxonMobil Corporation • Celanese Corporation • Ashland Group Holdings Inc. • Eastman Chemical Company • Huntsman Corporation • Solvay SA • Honeywell International • BASF SE • Royal Dutch Shell Plc • The Dow Chemical Company • Maruzen Petrochemical • Shell Chemicals • Solvay Chemicals • MARUKASOL FH • BioAmber Inc. • Myriant Corporation • Cargill Incorporated • Gevo Inc. • Vertec Bio solvents Inc. • Florida Chemicals • Lyondellbasell • E.I du Pont de Numerous and Company Sasol

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