
Industrial Solvent Market by Type (Alcohols, Esters, Hydrocarbons), Polarity (Non-Polar, Polar), End-User - Global Forecast 2023-2030
Description
Industrial Solvent Market by Type (Alcohols, Esters, Hydrocarbons), Polarity (Non-Polar, Polar), End-User - Global Forecast 2023-2030
The Industrial Solvent Market size was estimated at USD 23.20 billion in 2022 and expected to reach USD 24.59 billion in 2023, at a CAGR 6.36% to reach USD 38.00 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Industrial Solvent Market.
- Based on Type, market is studied across Alcohols, Esters, Hydrocarbons, Ketones, Organosulfur Compounds, and Salt. The Alcohols is further studied across 2 Ethyl Hexanol, Benzyl Alcohol, Butanol, Ethanol (IMS), Isopropanol (IPA), Methanol, and Propanol. The Esters is further studied across Butyl Acetate, Ethyl Acetate, and Iso Propyl Acetate. The Hydrocarbons is further studied across Dimethyl Sulfoxide, Heptane, Hexane, Toluene, and Xylene. The Ketones is further studied across Acetone, Methyl Ethyl Ketone (MEK), Methyl Iso Butyl Ketone (MIBK), and N-methyl Pyrrolidone (NMP). The Organosulfur Compounds is further studied across Sulfones and Sulfoxides. The Sulfoxides is further studied across Dimethyl sulfoxide. The Salt is further studied across Sodium chloride and Tetramethylammonium Hydroxide (TMAH). The Alcohols commanded largest market share of 28.45% in 2022, followed by Hydrocarbons.
- Based on Polarity, market is studied across Non-Polar and Polar. The Non-Polar commanded largest market share of 60.41% in 2022, followed by Polar.
- Based on End-User, market is studied across Chemical, Electronics, Oil & Gas, Paintings & Coatings, and Pharmaceuticals. The Paintings & Coatings commanded largest market share of 34.55% in 2022, followed by Chemical.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 40.56% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Industrial Solvent Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Industrial Solvent Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Industrial Solvent Market, highlighting leading vendors and their innovative profiles. These include Absolute Solvents Ltd., ACE Chemical, Arkema S.A., Ashland Global Holdings Inc., Australasian Solvents and Chemical Company Pty Ltd ., BASF SE, Brenntag Chemicals (HK) Pte Limited, Cargill, Incorporated, Celanese Corporation, Clariant International Ltd., Dow, Inc., DuPont de Nemours, Inc., Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International, Inc., Huntsman International LLC, INEOS AG, Jagannath Chemicals, LyondellBasell Industries Holdings B.V., Merck KGaA, Mitsubishi Corporation, Mitsui & Co., Ltd, OQ SAOC, Ornate Chemicals, Perstorp Holding AB, Royal Dutch Shell PLC, ShanDong Look chemical Co.,Ltd., Shin-Etsu Chemical Co., Ltd., Solvay S.A., Solventis Ltd., Surya Min Chem, The Good Scents Company, and Vertec BioSolvents Inc..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Industrial Solvent Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Industrial Solvent Market?
- What is the competitive strategic window for identifying opportunities in the Industrial Solvent Market?
- What are the latest technology trends and regulatory frameworks in the Industrial Solvent Market?
- What is the market share of the leading vendors in the Industrial Solvent Market?
- Which modes and strategic moves are suitable for entering the Industrial Solvent Market?
Note: PDF & Excel + Online Access - 1 Year
Table of Contents
199 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Industrial Solvent Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing investments in pharmaceutical research and product development
- 5.1.1.2. Growing demand for industrial solvents in construction industry
- 5.1.1.3. Rising use of solvents in sealants, adhesives and printing inks
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating prices of crude oil and health hazards concerns related to solvent
- 5.1.3. Opportunities
- 5.1.3.1. Rising innovations and advancements in chemical production technologies
- 5.1.3.2. Emerging applications of bio-based solvents
- 5.1.4. Challenges
- 5.1.4.1. Environmental issues associated with industrial solvents
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Industrial Solvent Market, by Type
- 6.1. Introduction
- 6.2. Alcohols
- 6.3.1. 2 Ethyl Hexanol
- 6.3.2. Benzyl Alcohol
- 6.3.3. Butanol
- 6.3.4. Ethanol (IMS)
- 6.3.5. Isopropanol (IPA)
- 6.3.6. Methanol
- 6.3.7. Propanol
- 6.3. Esters
- 6.4.1. Butyl Acetate
- 6.4.2. Ethyl Acetate
- 6.4.3. Iso Propyl Acetate
- 6.4. Hydrocarbons
- 6.5.1. Dimethyl Sulfoxide
- 6.5.2. Heptane
- 6.5.3. Hexane
- 6.5.4. Toluene
- 6.5.5. Xylene
- 6.5. Ketones
- 6.6.1. Acetone
- 6.6.2. Methyl Ethyl Ketone (MEK)
- 6.6.3. Methyl Iso Butyl Ketone (MIBK)
- 6.6.4. N-methyl Pyrrolidone (NMP)
- 6.6. Organosulfur Compounds
- 6.7.1. Sulfones
- 6.7.2. Sulfoxides
- 6.7.3.1. Dimethyl sulfoxide
- 6.7. Salt
- 6.8.1. Sodium chloride
- 6.8.2. Tetramethylammonium Hydroxide (TMAH)
- 7. Industrial Solvent Market, by Polarity
- 7.1. Introduction
- 7.2. Non-Polar
- 7.3. Polar
- 8. Industrial Solvent Market, by End-User
- 8.1. Introduction
- 8.2. Chemical
- 8.3. Electronics
- 8.4. Oil & Gas
- 8.5. Paintings & Coatings
- 8.6. Pharmaceuticals
- 9. Americas Industrial Solvent Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Industrial Solvent Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Industrial Solvent Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. SK’s Canlak Coatings Buys Ceramic Industrial Coatings
- 12.3.2. New Product Launch & Enhancement
- 12.3.2.1. Clariter, TotalEnergies Fluids to produce first 'ultra-pure' solvents made from plastic scrap
- 12.3.3. Award, Recognition, & Expansion
- 12.3.3.1. Plant-based solvent approved for extraction of oils in EU
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. Absolute Solvents Ltd.
- 13.1.2. ACE Chemical
- 13.1.3. Arkema S.A.
- 13.1.4. Ashland Global Holdings Inc.
- 13.1.5. Australasian Solvents and Chemical Company Pty Ltd .
- 13.1.6. BASF SE
- 13.1.7. Brenntag Chemicals (HK) Pte Limited
- 13.1.8. Cargill, Incorporated
- 13.1.9. Celanese Corporation
- 13.1.10. Clariant International Ltd.
- 13.1.11. Dow, Inc.
- 13.1.12. DuPont de Nemours, Inc.
- 13.1.13. Eastman Chemical Company
- 13.1.14. Exxon Mobil Corporation
- 13.1.15. Honeywell International, Inc.
- 13.1.16. Huntsman International LLC
- 13.1.17. INEOS AG
- 13.1.18. Jagannath Chemicals
- 13.1.19. LyondellBasell Industries Holdings B.V.
- 13.1.20. Merck KGaA
- 13.1.21. Mitsubishi Corporation
- 13.1.22. Mitsui & Co., Ltd
- 13.1.23. OQ SAOC
- 13.1.24. Ornate Chemicals
- 13.1.25. Perstorp Holding AB
- 13.1.26. Royal Dutch Shell PLC
- 13.1.27. ShanDong Look chemical Co.,Ltd.
- 13.1.28. Shin-Etsu Chemical Co., Ltd.
- 13.1.29. Solvay S.A.
- 13.1.30. Solventis Ltd.
- 13.1.31. Surya Min Chem
- 13.1.32. The Good Scents Company
- 13.1.33. Vertec BioSolvents Inc.
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
Pricing
Currency Rates
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