Organic Solvents Market 2018- By Develop Strategies Based On the Latest Regulatory Events

Industry Trend Analysis:

The organic solvents market was valued as USD 32.12 billion in 2014 and expected to reach USD 47.96 billion by 2023, registering a compound annual growth rate of 4.56%. Solvents in simple terms are defined as a substance which has the capability in dissolving other substances. Organic solvents contains specifically contains carbon compounds. Organic solvents are used mostly used in the manufacturing field and for dry cleaning. They are divided into two categories such as natural and synthetic solvents.  Synthetic solvents are those which are prepared by chemical formations and natural solvents are mostly derived from living organisms. As organic solvents find its application in various end users industries, due to which the demand for the product is rising. However its volatile nature of the prime raw material will be challenging factor due to various environmental issues.

Type Outlook and Trend Analysis:

Based on the type the organic solvents are categorized into hydrocarbons, alcohols, aromatic hydrocarbons, esters, ethers and others. Among the other categories the alcohols have acquired the largest share of the market and will continue to grow at a significant CAGR over the forecast period. Hydrocarbons based solvents will achieve a steady growth in the market because of its high toxicity which can affect the nature or the environment. Furthermore, esters will also have high demand in the market in the near future. Aromatic solvents are widely used in the industrial application as paints, degreasing, adhesives or insecticides.

End User Outlook and Trend Analysis:

Organic solvents are used in wide variety of end user application such as paintings & coatings, cosmetics, pharmaceuticals, electronics and others. Among this the paintings and coatings have acquired the largest share of the market. The major reason behind the growth is water and powdered based paints are being replaced with solvents based paints. Due to the growth of organic solvents in cosmetics, pharmaceutical and electronics are the factor for the growth of the market.

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Competition Insights:

The leading competitors in the organic solvents market are ExxonMobil, BASF, Sinopec and Dow Chemical Company. Due to mergers and as new participant have also entered into the market, thus there is rise in the market. The other competitors in this field are Maruzen Petrochemical Co., Shell Chemicals, Celanese Corporation and others.

The Organic Solvents Market is segmented as follows:

By Type:

  • Alcohols
  • Hydrocarbons
  • Aromatic Hydrocarbons
  • Esters and Ethers
  • Others

BY End User:

  • Paints and Coatings
  • Pharmaceuticals
  • Printing Inks
  • Electronics
  • Adhesives and Cosmetics
  • Others

BY Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
  • South America
  • Brazil
  • Argentina
  • Columbia
  • South Africa
  • Rest of South America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of MEA

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Regional Outlook and Trend Analysis:

Asia-Pacific region has dominated the entire global organic solvent market by acquiring the maximum share across and will continue to grow at a higher compound annual growth rate. The growth in the construction segment across Japan, India, and China are one of the major reasons for the growth in this region. On the other hand regions such as North-America and Europe will acquire steady growth in the market. Rise in industrialization in Qatar and in Saudi Arabia will influence the Middle East regions.

Table of Contents:

1. Introduction

1.1. Report Description

1.2. Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2. Executive Summary

2.1. Key Highlights

3. Market Overview

3.1. Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2. Market Dynamics

3.2.1. Drivers Growing demand in construction and building industry Use of paints and coatings in the automobile industry

3.2.2. Restraints Causes various environmental problems Due to volatile raw material prices

3.2.3. Opportunities Market opportunities in the developed countries Shift to the bio-based solvents

4. Market Analysis by Regions

4.1. North America (United States, Canada and Mexico)

4.1.1. United States Market States and Outlook (2014-2023)

4.1.2. Canada Market States and Outlook (2014-2023)

4.1.3. Mexico Market States and Outlook (2014-2023)

4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

4.2.1. Germany Market States and Outlook (2014-2023)

4.2.2. France Market States and Outlook (2014-2023)

4.2.3. UK Market States and Outlook (2014-2023)

4.2.4. Russia Market States and Outlook (2014-2023)

4.2.5. Italy Market States and Outlook (2014-2023)

4.2.6. Rest of Europe Market States and Outlook (2014-2023)

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