Australia and New Zealand Solvents Market
Description
The Australia and New Zealand Solvents market was valued at $0.7 million in 2023, and is projected to reach $1.1 million by 2033, registering a CAGR of 3.6% from 2024 to 2033.
Solvents are chemical substances capable of dissolving, suspending, or extracting other materials without chemically changing themselves or the solute. They are widely used in numerous industrial applications to facilitate processes such as cleaning, degreasing, coating formulation, and chemical synthesis. Solvents can be organic (carbon-based) or inorganic, with the former being the most prevalent in commercial and industrial settings. Organic solvents include hydrocarbons, alcohols, ketones, esters, and chlorinated compounds, while inorganic solvents include water and certain liquid salts.
In Australia and New Zealand, solvents play a vital role in various industries, including manufacturing, pharmaceuticals, agriculture, automotive, and environmental sectors. Regulations and sustainability concerns are increasingly shaping the use of solvents, driving the industry toward environmentally friendly and low-toxicity alternatives.
The paints and coatings sector is one of the largest consumers of solvents in Australia and New Zealand. Solvents in this industry help in dissolving binders and pigments, improving application consistency, and controlling drying times. Common solvents used include toluene, xylene, and acetone. These solvents ensure smooth application and durability of paints, whether used in architectural coatings, automotive finishes, or industrial coatings.
Solvents play a significant role in pharmaceutical manufacturing, facilitating drug formulation, extraction of active pharmaceutical ingredients (APIs), and purification processes. Ethanol, methanol, and ethyl acetate are commonly used in drug production. Australia and New Zealand have stringent regulations for pharmaceutical solvents, ensuring their safety in formulations for human consumption.
One of the primary drivers of this market is the expanding pharmaceutical and biotechnology sectors in the region. As these industries grow, there is an increased demand for high-purity solvents used in drug development, formulation, and testing. Solvents play a crucial role in chromatographic techniques, spectroscopy, and other analytical methods essential for ensuring the efficacy and safety of pharmaceutical products. The rigorous regulatory standards governing drug approval processes necessitate precise chemical analyses, further propelling the demand for specialized solvents.
Health and safety concerns are a significant challenge in the solvents market, particularly in Australia and New Zealand, where stringent workplace safety regulations are in place. Many solvents used in industrial applications are volatile organic compounds (VOCs), which can pose serious health risks when inhaled or absorbed through the skin. Prolonged exposure to certain solvents has been linked to respiratory issues, skin irritation, and long-term health effects such as neurological disorders and organ damage. Industries that heavily rely on solvents, such as paints and coatings, pharmaceuticals, and adhesives, must implement strict safety measures to protect workers from exposure.
The Australia and New Zealand solvents market is segmented on the basis of solvent type and country. On the basis of solvent type, the market is categorized into for instrumental analysis (Methanol, Acetonitrile, 2-Propanol, Chloroform, Dichloromethane, and Acetone), for research (Dimethyl Sulfoxide, Ethyl Alcohol, Chloroform, Methanol, 2-Propanol, and Tetrahydrofuran), and for QC (Ethanol, Acetone, Toluene, 2-Propanol, Isobutyl Methyl Ketone, Methanol, and Tetrahydrofuran). On the basis of country, the market is analyzed across Australia and New Zealand.
Australia and New Zealand Solvents Market, by Solvent Type
In 2023, the instrumental analysis segment accounted for the largest revenue share of 36% and is projected to grow at a CAGR of 4.0% during the forecast period. The demand for non-cladded aluminum foil is increasing in India due to its versatility and cost-effectiveness in various applications. The demand for solvents such as methanol, acetonitrile, 2-propanol, chloroform, and others is growing in Australia and New Zealand, driven by an expanding need for high-quality analytical testing across various industries. The pharmaceutical, biotechnology, and environmental sectors are particularly fueling the demand for solvents in instrumental analysis. In pharmaceuticals, these solvents are essential for high-performance liquid chromatography (HPLC), mass spectrometry (MS), and nuclear magnetic resonance (NMR) spectroscopy, which are critical for drug development, quality control, and regulatory compliance. As both countries focus on strengthening their pharmaceutical and biotechnology industries, particularly through stringent quality testing and environmental monitoring, the need for efficient and high-purity solvents increases. These solvents ensure accurate and reliable results in testing the purity, concentration, and stability of drugs and chemicals, making them indispensable in the region’s growing research and development activities.
Australia and New Zealand Solvents Market, by Country
By country, Australia accounted for the highest share of 82.6% in the Australia and New Zealand Solvents Market in 2023. The demand for solvents in quality control (QC), research, and instrumental analysis applications in Australia is increasing due to a combination of factors, including growth in the pharmaceutical, biotechnology, and chemical industries, as well as rising investments in scientific research and development. Australia's pharmaceutical sector, in particular, is expanding, with local companies focusing on producing high-quality drugs and biologics. As regulations around product safety and efficacy become more stringent, there is a greater need for solvents to conduct rigorous testing, such as chromatography, spectroscopy, and mass spectrometry, ensuring that pharmaceuticals meet compliance standards. Solvents like ethanol, acetone, and tetrahydrofuran (THF) are key in these applications for the accurate preparation of samples, solvent extraction, and testing of the purity of compounds.
The major prominent players operating in the Australia and New Zealand solvents market include Honeywell International Inc, ChemSupply Australia, Thermo Fisher Scientific Inc., Westlab Pty. Ltd, Rowe Scientific Pty Ltd, ACE Chemical Company, Australian Scientific Pty Ltd, Agilent, Shimadzu Corporation, and Research Solutions Group, Inc.
The Australia and New Zealand Solvents Market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current Australia and New Zealand Solvents Market trends and future estimations from 2023 to 2033 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Solvent Type
Instrumental Analysis
Research
QC
Key players in the global Australia and New Zealand Solvents Market are:
Honeywell International Inc
ChemSupply Australia
Thermo Fisher Scientific Inc.
Westlab Pty. Ltd
Rowe Scientific Pty Ltd
ACE Chemical Company
Australian Scientific Pty Ltd
Agilent
Shimadzu Corporation
Research Solutions Group, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Solvents are chemical substances capable of dissolving, suspending, or extracting other materials without chemically changing themselves or the solute. They are widely used in numerous industrial applications to facilitate processes such as cleaning, degreasing, coating formulation, and chemical synthesis. Solvents can be organic (carbon-based) or inorganic, with the former being the most prevalent in commercial and industrial settings. Organic solvents include hydrocarbons, alcohols, ketones, esters, and chlorinated compounds, while inorganic solvents include water and certain liquid salts.
In Australia and New Zealand, solvents play a vital role in various industries, including manufacturing, pharmaceuticals, agriculture, automotive, and environmental sectors. Regulations and sustainability concerns are increasingly shaping the use of solvents, driving the industry toward environmentally friendly and low-toxicity alternatives.
The paints and coatings sector is one of the largest consumers of solvents in Australia and New Zealand. Solvents in this industry help in dissolving binders and pigments, improving application consistency, and controlling drying times. Common solvents used include toluene, xylene, and acetone. These solvents ensure smooth application and durability of paints, whether used in architectural coatings, automotive finishes, or industrial coatings.
Solvents play a significant role in pharmaceutical manufacturing, facilitating drug formulation, extraction of active pharmaceutical ingredients (APIs), and purification processes. Ethanol, methanol, and ethyl acetate are commonly used in drug production. Australia and New Zealand have stringent regulations for pharmaceutical solvents, ensuring their safety in formulations for human consumption.
One of the primary drivers of this market is the expanding pharmaceutical and biotechnology sectors in the region. As these industries grow, there is an increased demand for high-purity solvents used in drug development, formulation, and testing. Solvents play a crucial role in chromatographic techniques, spectroscopy, and other analytical methods essential for ensuring the efficacy and safety of pharmaceutical products. The rigorous regulatory standards governing drug approval processes necessitate precise chemical analyses, further propelling the demand for specialized solvents.
Health and safety concerns are a significant challenge in the solvents market, particularly in Australia and New Zealand, where stringent workplace safety regulations are in place. Many solvents used in industrial applications are volatile organic compounds (VOCs), which can pose serious health risks when inhaled or absorbed through the skin. Prolonged exposure to certain solvents has been linked to respiratory issues, skin irritation, and long-term health effects such as neurological disorders and organ damage. Industries that heavily rely on solvents, such as paints and coatings, pharmaceuticals, and adhesives, must implement strict safety measures to protect workers from exposure.
The Australia and New Zealand solvents market is segmented on the basis of solvent type and country. On the basis of solvent type, the market is categorized into for instrumental analysis (Methanol, Acetonitrile, 2-Propanol, Chloroform, Dichloromethane, and Acetone), for research (Dimethyl Sulfoxide, Ethyl Alcohol, Chloroform, Methanol, 2-Propanol, and Tetrahydrofuran), and for QC (Ethanol, Acetone, Toluene, 2-Propanol, Isobutyl Methyl Ketone, Methanol, and Tetrahydrofuran). On the basis of country, the market is analyzed across Australia and New Zealand.
Australia and New Zealand Solvents Market, by Solvent Type
In 2023, the instrumental analysis segment accounted for the largest revenue share of 36% and is projected to grow at a CAGR of 4.0% during the forecast period. The demand for non-cladded aluminum foil is increasing in India due to its versatility and cost-effectiveness in various applications. The demand for solvents such as methanol, acetonitrile, 2-propanol, chloroform, and others is growing in Australia and New Zealand, driven by an expanding need for high-quality analytical testing across various industries. The pharmaceutical, biotechnology, and environmental sectors are particularly fueling the demand for solvents in instrumental analysis. In pharmaceuticals, these solvents are essential for high-performance liquid chromatography (HPLC), mass spectrometry (MS), and nuclear magnetic resonance (NMR) spectroscopy, which are critical for drug development, quality control, and regulatory compliance. As both countries focus on strengthening their pharmaceutical and biotechnology industries, particularly through stringent quality testing and environmental monitoring, the need for efficient and high-purity solvents increases. These solvents ensure accurate and reliable results in testing the purity, concentration, and stability of drugs and chemicals, making them indispensable in the region’s growing research and development activities.
Australia and New Zealand Solvents Market, by Country
By country, Australia accounted for the highest share of 82.6% in the Australia and New Zealand Solvents Market in 2023. The demand for solvents in quality control (QC), research, and instrumental analysis applications in Australia is increasing due to a combination of factors, including growth in the pharmaceutical, biotechnology, and chemical industries, as well as rising investments in scientific research and development. Australia's pharmaceutical sector, in particular, is expanding, with local companies focusing on producing high-quality drugs and biologics. As regulations around product safety and efficacy become more stringent, there is a greater need for solvents to conduct rigorous testing, such as chromatography, spectroscopy, and mass spectrometry, ensuring that pharmaceuticals meet compliance standards. Solvents like ethanol, acetone, and tetrahydrofuran (THF) are key in these applications for the accurate preparation of samples, solvent extraction, and testing of the purity of compounds.
The major prominent players operating in the Australia and New Zealand solvents market include Honeywell International Inc, ChemSupply Australia, Thermo Fisher Scientific Inc., Westlab Pty. Ltd, Rowe Scientific Pty Ltd, ACE Chemical Company, Australian Scientific Pty Ltd, Agilent, Shimadzu Corporation, and Research Solutions Group, Inc.
The Australia and New Zealand Solvents Market report provides in-depth competitive analysis as well as profiles of these major players.
1.1. Key benefits for stakeholders
Porter’s five forces analysis helps analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current Australia and New Zealand Solvents Market trends and future estimations from 2023 to 2033 to understand the prevailing opportunities and potential investment pockets.
The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and opportunities and their detailed impact analysis are explained in the study.
The profiles of key players and their key strategic developments are enlisted in the report.
Key market segments
By Solvent Type
Instrumental Analysis
Research
QC
Key players in the global Australia and New Zealand Solvents Market are:
Honeywell International Inc
ChemSupply Australia
Thermo Fisher Scientific Inc.
Westlab Pty. Ltd
Rowe Scientific Pty Ltd
ACE Chemical Company
Australian Scientific Pty Ltd
Agilent
Shimadzu Corporation
Research Solutions Group, Inc.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
180 Pages
- CHAPTER 1:INTRODUCTION
- 1.1.Report Description
- 1.2.Key benefits for stakeholders
- 1.3.Key market segments
- 1.4.Research methodology
- 1.4.1.Primary research
- 1.4.2.Secondary research
- 1.4.3.Analyst tools and models
- CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.Key findings
- 2.2.CXO perspective
- CHAPTER 3:MARKET OVERVIEW
- 3.1.Market definition and scope
- 3.2.Porter’s Five Forces Analysis
- 3.3.Market dynamics
- 3.3.1.Drivers
- 3.3.1.1.Rapid advancement in chemical research and development
- 3.3.1.2.Technological advancements in analytical instrumentation
- 3.3.1.3.Technical advancements and increase in demand for precision
- 3.3.2.Restraint
- 3.3.2.1.Stringent environment regulations
- 3.3.3.Opportunities
- 3.3.3.1.Focus on high-quality research
- 3.3.3.2.Increase in emphasis on environmental sustainability
- 3.4.Value chain analysis
- 3.5.Average Selling Pricing Analysis, for Australia and New Zealand, 2023, by Key Players
- 3.6.Qualitative Information about the factors affecting the market in Australia and New Zealand
- 3.7.Impact of key regulation on the Australia and New Zealand Solvents market
- 3.8.Pricing Analysis
- 3.8.1.Pricing Analysis, By Type, 2023-2033
- CHAPTER 4:AUSTRALIA AND NEW ZEALAND SOLVENTS MARKET, BY SOLVENT TYPE
- 4.1.Overview
- 4.1.1.Market size and forecast
- 4.1.1.1.Market size and forecast, Instrumental Analysis Type
- 4.2.For Instrumental Analysis
- 4.2.1.Key market trends, growth factors, and opportunities
- 4.2.1.1.Market size and forecast, Instrumental Analysis Type, Methanol
- 4.2.1.2.Methanol
- 4.2.1.3.Acetonitrile
- 4.2.1.3.1.Market size and forecast, Instrumental Analysis Type, Acetonitrile
- 4.2.1.4.2-Propanol
- 4.2.1.4.1.Market size and forecast, Instrumental Analysis Type, 2-Propanol
- 4.2.1.5.Chloroform
- 4.2.1.5.1.Market size and forecast, Instrumental Analysis Type, Chloroform
- 4.2.1.6.Dichloromethane
- 4.2.1.6.1.Market size and forecast, Instrumental Analysis Type, Dichloromethane
- 4.2.1.7.Acetone
- 4.2.1.7.1.Market size and forecast, Instrumental Analysis Type, Acetone
- 4.3.For Research
- 4.3.1.Key market trends, growth factors, and opportunities
- 4.3.1.1.Market size and forecast, Research Type
- 4.3.1.2.Dimethyl Sulfoxide
- 4.3.1.2.1.Market size and forecast, Instrumental Analysis Type, Dimethyl sulfoxide
- 4.3.1.3.Ethyl Alcohol
- 4.3.1.3.1.Market size and forecast, Instrumental Analysis Type, Ethyl alcohol
- 4.3.1.4.Chloroform
- 4.3.1.4.1.Market size and forecast, Instrumental Analysis Type, Chloroform
- 4.3.1.5.Methanol
- 4.3.1.5.1.Market size and forecast, Instrumental Analysis Type, Methanol
- 4.3.1.6.2-Propanol
- 4.3.1.6.1.Market size and forecast, Instrumental Analysis Type, 2-Propanol
- 4.3.1.7.Tetrahydrofuran
- 4.3.1.7.1.Market size and forecast, Instrumental Analysis Type, Tetrahydrofuran
- 4.4.For QC
- 4.4.1.Key market trends, growth factors, and opportunities
- 4.4.1.1.Market size and forecast, QC Type
- 4.4.1.2.Ethanol
- 4.4.1.2.1.Market size and forecast, Instrumental Analysis Type, Ethanol
- 4.4.1.3.Acetone
- 4.4.1.3.1.Market size and forecast, Instrumental Analysis Type, Acetone
- 4.4.1.4.Toluene
- 4.4.1.4.1.Market size and forecast, Instrumental Analysis Type, Toluene
- 4.4.1.5.2-Propanol
- 4.4.1.5.1.Market size and forecast, Instrumental Analysis Type, 2-Propanol
- 4.4.1.6.Iso Butyl Methyl Ketone
- 4.4.1.6.1.Market size and forecast, Instrumental Analysis Type, Isobutyl methyl ketone
- 4.4.1.7.Methanol
- 4.4.1.7.1.Market size and forecast, Instrumental Analysis Type, Methanol
- 4.4.1.8.Tetrahydrofuran
- 4.4.1.8.1.Market size and forecast, Instrumental Analysis Type, Tetrahydrofuran
- CHAPTER 5:AUSTRALIA AND NEW ZEALAND SOLVENTS MARKET, BY COUNTRY
- 5.1.Overview
- 5.1.1.Market size and forecast
- 5.2.Australia
- 5.2.1.Key market trends, growth factors, and opportunities
- 5.3.New Zealand
- 5.3.1.Key market trends, growth factors, and opportunities
- CHAPTER 6:COMPETITIVE LANDSCAPE
- 6.1.Introduction
- 6.2.Top winning strategies
- 6.2.1.Top winning strategies, by year, 2022*
- 6.2.2.Top winning strategies, by development, 2022*(%)
- 6.2.3.Top winning strategies, by company, 2022*
- 6.3.Product mapping of top 10 player
- 6.4.Competitive Dashboard
- 6.5.Competitive heatmap
- 6.6.Top player positioning
- CHAPTER 7:COMPANY PROFILES
- 7.1.ACE CHEMICAL COMPANY
- 7.1.1.Company overview
- 7.1.2.Key executives
- 7.1.3.Company snapshot
- 7.1.4.Operating Product segments
- 7.1.5.Product portfolio
- 7.2.AGILENT TECHNOLOGIES INC.
- 7.2.1.Company snapshot
- 7.2.2.Operating business segments
- 7.2.3.Business performance
- 7.2.4.Product portfolio
- 7.2.5.Key strategic moves and developments
- 7.3.AUSTRALIAN SCIENTIFIC PTY LTD.
- 7.3.1.Company overview
- 7.3.2.Key executives
- 7.3.3.Company snapshot
- 7.3.4.Product portfolio
- 7.4.CHEMSUPPLY AUSTRALIA
- 7.4.1.Company overview
- 7.4.2.Key executives
- 7.4.3.Company Snapshot
- 7.4.4.Operating business segments
- 7.4.5.Product portfolio
- 7.5.RESEARCH SOLUTIONS GROUP, INC.
- 7.5.1.Company overview
- 7.5.2.Key executives
- 7.5.3.Company snapshot
- 7.5.4.Operating business segments
- 7.5.5.Product portfolio
- 7.6.HONEYWELL INTERNATIONAL INC.
- 7.6.1.Company overview
- 7.6.2.Key executives
- 7.6.3.Company snapshot
- 7.6.4.Operating business segments
- 7.6.5.Business performance
- 7.6.6.Product portfolio
- 7.7.SHIMADZU CORPORATION
- 7.7.1.Company overview
- 7.7.2.Key executives
- 7.7.3.Company snapshot
- 7.7.4.Operating business segments
- 7.7.5.Business performance
- 7.7.6.Product portfolio
- 7.8.THERMO FISHER SCIENTIFIC INC.
- 7.8.1.Company overview
- 7.8.2.Key executives
- 7.8.3.Company snapshot
- 7.8.4.Operating business segments
- 7.8.5.Business performance
- 7.8.6.Product portfolio
- 7.9.WESTLAB PTY. LTD.
- 7.9.1.Company overview
- 7.9.2.Key executives
- 7.9.3.Company snapshot
- 7.10.ROWE SCIENTIFIC PTY LTD.
- 7.10.1.Company overview
- 7.10.2.Key executives
- 7.10.3.Company snapshot
- 7.10.4.Operating business segments
- 7.10.5.Product portfolio
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