Global Aprotic Solvents Market 2017-2021
About Aprotic Solvents
Aprotic solvents have large dielectric constants and large dipole moments, but they do not participate in hydrogen bonding. Their high polarity allows them to dissolve charged species such as various anions including nucleophiles. Thus, these solvents are more reactive in nature.
Technavio’s analysts forecast the global aprotic solvents market to grow at a CAGR of 3.91% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aprotic solvents market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aprotic Solvents Market 2017-2021
Technavio recognizes the following companies as the key players in the global aprotic solvents market: BASF, DowDuPont, Eastman Chemical Company, INEOS, Mitsui Chemicals, and Shell International
Other Prominent Vendors in the market are: Asahi Kasei, Ashland, AlzChem, Celanese, Imperial Chemicals Corporation, and Nanjing Jinlong Chemical.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing use of bio-based solvents under government norms. The governments of different countries have implemented strict regulations regarding the manufacturing of paints and coatings and the technologies used during the process. Regulatory authorities monitor emissions, waste disposal, and management during the manufacturing process of paints and coatings.”
According to the report, one of the major drivers for this market is Increasing demand from emerging economies. Despite certain adverse environmental effects, the global aprotic solvents market is expected to be driven by macroeconomic factors such as the rising population, growing GDP, and increasing disposable income. Governments in emerging economies such as India, China, the UAE, and Brazil are investing in infrastructure development, which is also creating the demand for other markets related to it. The major market that would benefit from the growth of infrastructure is paints and coatings. This will drive the growth of the global aprotic solvents market during the forecast period.
Further, the report states that one of the major factors hindering the growth of this market is Evolution of water-based solvents. There are two types of solvents: organic and inorganic. These solvents have various applications. Organic solvents are mostly used for all the applications. However, there are certain issues with organic solvents. For instance, the major application of solvents involves the paints and coatings industry. When organic solvents are used for painting, a strong odor is emitted from the painted surface. Aliphatic hydrocarbon solvents are an example of organic solvents, and their use can cause nausea, giddiness, coma, and even death. Moreover, organic solvents evaporate, and thus, VOCs are released into the air. This has a negative impact on the surrounding atmosphere. As a substitute to organic solvents, water-based solvents are gaining high popularity. Nowadays, the use of water-based paints and varnishes are highly preferred over organic solvents.
BASF, DowDuPont, Eastman Chemical Company, INEOS, Mitsui Chemicals, Shell International, Asahi Kasei, Ashland, AlzChem, Celanese, Imperial Chemicals Corporation, and Nanjing Jinlong Chemical.
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