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Solvents


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Solvents

US demand to rise over 1% per annum through 2018
A robust recovery in US construction spending along with the continued rebound in manufacturing output will drive advances in US solvent demand at a greater than one percent annual pace through 2018. Strength in both nonresidential and residential building construction will stimulate not only direct solvent use in construction related activities, but also increased solvent demand in paint and coatings and other construction related materials. Solvent use in a variety of manufacturing applications, but most notably in chemical processing, will be supported in part by comparatively low natural gas prices that will help boost the competitiveness of US manufacturers.

The collapse of the housing market and subsequent deep recession resulted in a sharp drop in solvent demand in nearly all applications. This will change going forward as an improved fiscal situation for homeowners and businesses alike -- along with an easing in the tight lending standards that have been prevalent since the financial crisis in 2008 -- will result in robust growth in building construction spending. This in turn will benefit not only direct solvent consumption during construction, but also support increased solvent use in paint, coatings, and other construction related materials.

Alcohols, glycols among favored “green” solvents Steadily increasing concerns about their sustainability and chemical toxicity, as well as external regulatory pressure, will fuel demand for “green” solvents that are derived from renewable raw materials. This will contribute to growth in alcohols and glycols, which will post the largest advances of all solvents. Other “green” solvents such as butanediol, terpenes, and esters will register the fastest demand growth, albeit from much smaller bases. In addition to favoring more eco-friendly solvents, tightening regulatory standards will restrain overall solvent demand growth, as will industry efforts to limit waste and reduce costs by increased solvent recovery and recycling.

Shift to “greener” solvents to affect key markets
Consumer demand for products with low environmental impacts will encourage producers in the cleaning products and cosmetic and toiletry markets to introduce new or reformulated products that make use of “greener” solvents derived from renewable resources. In addition, environmental regulations at both the state and federal levels aimed at reducing volatile organic compound (VOC) emissions will boost glycol-based solvent demand in the paint and coatings market. Similarly, alcohol solvents will exhibit greater demand from the pharmaceuticals market in order to help producers meet strict FDA and EPA regulations. Shifts in demand within the sizable printing inks market will also be affected by the trend toward “greener” solvent products as soy and propanol-based solvents continue to make inroads as replacements for hydrocarbons.

Paint, coatings to surpass transportation as top market
The transportation market will give way to the paint and coatings market as the largest consumer of solvents by 2018. Restrained by lengthening engine coolant flush intervals and increased consumer demand for longer-lasting, less toxic propylene glycol antifreeze, demand for solvents in the transportation market will grow at a below-average pace through 2023. Additionally, solvent recycling operations will provide additional downward pressure on overall solvent demand going forward.


  • INTRODUCTION
  • EXECUTIVE SUMMARY
    • Table SOLVENTS DEMAND
  • MARKET ENVIRONMENT
    • General
    • Demographic Trends
      • Table POPULATION & HOUSEHOLDS
    • Macroeconomic Outlook
      • Table MACROECONOMIC INDICATORS
    • Consumer Spending
      • Table PERSONAL CONSUMPTION EXPENDITURES
    • Manufacturing Outlook
      • Table MANUFACTURERS' SHIPMENTS
      • Food & Beverage Outlook
        • Table FOOD & BEVERAGE SHIPMENTS
      • Chemical Industry Outlook
        • Table CHEMICAL PRODUCT SHIPMENTS
      • Electronics Industry Outlook
        • Table ELECTRONIC & COMPUTER PRODUCT SHIPMENTS
      • Plastics & Rubber Industry Outlook
        • Table PLASTIC & RUBBER SHIPMENTS
      • Petroleum Refining Outlook
        • Table REFINED PETROLEUM PRODUCTS SUPPLY & DEMAND
    • Environmental & Regulatory Issues
      • Air Quality Issues
      • Worker Safety Issues
      • Solvent Recycling
    • Historical Market Trends
      • Table SOLVENTS MARKET, 2003-2013
      • Table CHART II-1 SOLVENTS MARKET, 2004-2013
    • Pricing Trends
      • Table SOLVENTS PRICING
    • International Activity & Foreign Trade
  • PRODUCTS
    • Demand Overview
      • Table SOLVENTS DEMAND BY PRODUCT
      • Table CHART III-1 SOLVENTS DEMAND BY PRODUCT, 2013: VOLUME & VALUE
    • Functions
      • Table SOLVENTS DEMAND BY FUNCTION
      • Table CHART III-2 SOLVENTS DEMAND BY FUNCTION, 2013
    • Green Solvents
      • Table SOLVENTS DEMAND: CONVENTIONAL VS. GREEN
      • Table CHART III-3 CONVENTIONAL VS. GREEN SOLVENT DEMAND, 2003-2023
    • Alcohols
      • Table ALCOHOL SOLVENTS DEMAND BY TYPE
      • Table CHART III-4 ALCOHOL SOLVENTS DEMAND BY TYPE, 2013
      • Ethanol
        • Table ETHANOL SOLVENTS DEMAND
      • Methanol
        • Table METHANOL SOLVENTS DEMAND
      • Isopropanol
        • Table ISOPROPANOL SOLVENTS DEMAND
      • Butanol
        • Table BUTANOL SOLVENTS DEMAND
      • Other Alcohols
        • Table OTHER ALCOHOL SOLVENTS DEMAND
      • Market Share
        • Table CHART III-5 ALCOHOL SOLVENTS MARKET SHARE, 2013
    • Glycols
      • Table GLYCOL SOLVENTS DEMAND BY TYPE
      • Table CHART III-6 GLYCOL SOLVENTS DEMAND BY TYPE, 2013
      • Ethylene Glycol
        • Table ETHYLENE GLYCOL SOLVENTS DEMAND
      • Propylene Glycol
        • Table PROPYLENE GLYCOL SOLVENTS DEMAND
      • E-Series Glycol Ethers
        • Table E-SERIES GLYCOL ETHER SOLVENTS DEMAND
      • P-Series Glycol Ethers
        • Table P-SERIES GLYCOL ETHER SOLVENTS DEMAND
      • Dipropylene Glycol
        • Table DIPROPYLENE GLYCOL SOLVENTS DEMAND
      • Other Glycols
        • Table OTHER GLYCOL SOLVENTS DEMAND
      • Market Share
        • Table CHART III-7 GLYCOL SOLVENTS MARKET SHARE, 2013
    • Hydrocarbons
      • Table HYDROCARBON SOLVENTS DEMAND BY TYPE & MARKET
      • Types
      • Producers
    • Ketones
      • Table KETONE SOLVENTS DEMAND BY TYPE
      • Table CHART III-8 KETONE SOLVENTS DEMAND BY TYPE, 2013
      • Acetone
        • Table ACETONE SOLVENTS DEMAND
      • Methyl Ethyl Ketone
        • Table METHYL ETHYL KETONE SOLVENTS DEMAND
      • Methyl Isobutyl Ketone
        • Table METHYL ISOBUTYL KETONE SOLVENTS DEMAND
      • Other Ketones
        • Table OTHER KETONE SOLVENTS DEMAND
      • Market Share
        • Table CHART III-9 KETONE SOLVENTS MARKET SHARE, 2013
    • Esters
      • Table ESTER SOLVENTS DEMAND BY TYPE
      • Table CHART III-10 ESTER SOLVENTS DEMAND BY TYPE, 2013
      • Ethyl Acetate
        • Table ETHYL ACETATE SOLVENTS DEMAND
      • Butyl Acetate
        • Table BUTYL ACETATE SOLVENTS DEMAND
      • Other Esters
        • Table OTHER ESTER SOLVENTS DEMAND
      • Market Share
        • Table CHART III-11 ESTER SOLVENTS MARKET SHARE, 2013
    • Chlorinated Solvents
      • Table CHLORINATED SOLVENTS DEMAND BY TYPE
      • Table CHART III-12 CHLORINATED SOLVENTS DEMAND BY TYPE, 2013
      • Methylene Chloride
      • Perchloroethylene
      • Trichloroethylene
      • Other Chlorinated Solvents
      • Markets
        • Table CHLORINATED SOLVENTS DEMAND BY MARKET
      • Market Share
        • Table CHART III-13 CHLORINATED SOLVENTS MARKET SHARE, 2013
    • Soy Oil & Derivatives
      • Table SOY OIL & DERIVATIVE SOLVENTS DEMAND
    • Butanediol & Derivative Solvents
      • Table BUTANEDIOL & DERIVATIVE SOLVENTS DEMAND BY TYPE
      • Butanediol
        • Table BUTANEDIOL SOLVENTS DEMAND
      • Gamma-Butyrolactone & Derivatives
        • Table GAMMA-BUTYROLACTONE & DERIVATIVES SOLVENTS DEMAND
      • Tetrahydrofuran
        • Table TETRAHYDROFURAN SOLVENTS DEMAND
      • Market Share
        • Table CHART III-14 BUTANEDIOL & DERIVATIVE SOLVENTS MARKET SHARE, 2013
    • Terpenes
      • Table TERPENES SOLVENTS DEMAND BY PRODUCT & MARKET
    • Other Solvents
      • Table OTHER SOLVENTS DEMAND BY PRODUCT & MARKET
  • MARKETS
    • General
      • Table SOLVENTS DEMAND BY MARKET
      • Table CHART IV-1 SOLVENTS DEMAND BY MARKET, 2013
    • Transportation
      • Industry Overview
        • Table TRANSPORTATION INDICATORS
      • Solvents Demand
        • Table TRANSPORTATION MARKET FOR SOLVENTS
    • Paint & Coatings
      • Industry Overview
        • Table PAINT & COATINGS SHIPMENTS
      • Solvents Demand
        • Table PAINT & COATINGS MARKET FOR SOLVENTS
    • Printing Inks
      • Industry Overview
        • Table PRINTING INKS SHIPMENTS
      • Solvents Demand
        • Table PRINTING INKS MARKET FOR SOLVENTS
    • Cleaning Products
      • Industry Overview
        • Table CLEANING PRODUCTS SHIPMENTS
      • Solvents Demand
        • Table CLEANING PRODUCTS MARKET FOR SOLVENTS
    • Cosmetics & Toiletries
      • Industry Overview
        • Table COSMETICS & TOILETRIES SUPPLY & DEMAND
      • Solvents Demand
        • Table COSMETICS & TOILETRIES MARKET FOR SOLVENTS
    • Adhesives & Sealants
      • Industry Overview
        • Table ADHESIVES & SEALANTS SHIPMENTS
      • Solvents Demand
        • Table ADHESIVES & SEALANTS MARKET FOR SOLVENTS
    • Construction
      • Industry Overview
        • Table CONSTRUCTION EXPENDITURES
      • Solvents Demand
        • Table CONSTRUCTION MARKET FOR SOLVENTS
    • Chemical Processing
      • Industry Overview
        • Table CHEMICAL PRODUCT SHIPMENTS
      • Solvents Demand
        • Table CHEMICAL PROCESSING MARKET FOR SOLVENTS
    • Other Markets
      • Table OTHER MARKETS FOR SOLVENTS
      • Pharmaceuticals
        • Table PHARMACEUTICAL MARKET FOR SOLVENTS
      • Asphalt Production
        • Table ASPHALT PRODUCTION MARKET FOR SOLVENTS
      • Plastics & Rubber Processing
        • Table PLASTICS & RUBBER MARKET FOR SOLVENTS
      • Electronic Components
        • Table ELECTRONICS MARKET FOR SOLVENTS
      • Metal Processing
        • Table METAL PROCESSING MARKET FOR SOLVENTS
      • Food & Beverage Processing
        • Table FOOD & BEVERAGE MARKET FOR SOLVENTS
      • Petroleum Refining
        • Table REFINED PETROLEUM PRODUCTS MARKET FOR SOLVENTS
      • Agricultural Chemicals
        • Table AGRICULTURAL CHEMICALS MARKET FOR SOLVENTS
      • All Other Markets
        • Table ALL OTHER MARKETS FOR SOLVENTS
  • INDUSTRY STRUCTURE
    • General
      • Table SOLVENT SALES BY COMPANY, 2013
    • Market Share
      • Table CHART V-1 US SOLVENTS MARKET SHARE, 2013
    • Industry Restructuring
      • Table SELECTED ACQUISITIONS & DIVESTITURES
    • Competitive Strategies
      • Low Cost Leadership
      • Cooperative Agreements
        • Table SELECTED COOPERATIVE AGREEMENTS
      • Product Differentiation
      • Research & Development
      • Marketing & Distribution
    • Company Profiles
      • Archer-Daniels-Midland Company
      • Arizona Chemical Company LLC
      • Arkema SA
      • Ashland Incorporated
      • Axiall Corporation
      • BASF SE
      • BP plc
      • Celanese Corporation
      • Chevron Phillips Chemical Company LLC
      • Croda International plc
      • Dow Chemical Company
      • DuPont (EI) de Nemours
      • Eastman Chemical Company
      • Exxon Mobil Corporation
      • Flotek Industries Incorporated
      • Honeywell International Incorporated
      • Huntsman Corporation
      • Indorama Corporation
      • INEOS Group AG
      • Koch Industries Incorporated
      • Lonza Group Limited
      • LyondellBasell Industries NV
      • Marathon Petroleum Corporation
      • Methanex Corporation
      • Monument Chemical Incorporated
      • Occidental Petroleum Corporation
      • OXEA Sàrl
      • PBF Energy Incorporated
      • Petróleos de Venezuela SA
      • Phillips 66
      • Renessenz LLC
      • Royal Dutch Shell plc
      • Sasol Limited
      • Solvay SA
      • Total SA
      • Valero Energy Corporation

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