Global Solvents Market to Witness Impressive Growth, Revenue to Surge to USD42.5 Billion By 2032

The global Solvents market accounted for USD 25.76 Billion in 2023 and is expected to reach USD 42.5 Billion by 2028, growing at a CAGR of around 5.72% between 2024 to 2032.           

The report covers forecast and analysis for the Solvents market on a global and regional level. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the Solvents market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Solvents market on a global level.

This report offers comprehensive coverage on global Solvents market along with, market trends, drivers, and restraints of Solvents market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Solvents market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

The study provides a decisive view on the Solvents market by segmenting the market based on type, end user, and regions. All these segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The type market covered under this study includes Alcohols, Hydrocarbons, Ketones, Esters, Chlorinated and Others. The application based market covered under this study includes Cleaning Products, Paints & Coating, Printing Ink, Pharmaceutical, Adhesives, Cosmetics and Other. This report also includes the current and forecast demand for the region of North America, Europe, Asia-Pacific and Latin America. Key operating players for Solvents market are

Asia Pacific ruled the global solvents market in 2023 and it is also expected to be the quickest developing market in the years to come. Up-and-coming markets in Asia-Pacific are expected to offer the great scope to the key players in the global solvents market in the years to come. Asia Pacific was chased by North America and Europe for the global solvents market in the same year. These both regions are mature areas for global solvents market.

The major players operating Solvents market are Dow Chemical Company, Sasol Solvents, BASF SE, Celanese Corporation, Maruzen Petrochemical, Ashland Inc., Honeywell International Inc., Eastman Chemical Company, Ineos A.G., Exxon Mobil Corporation, Shell Chemical, and Solvay Chemicals among others.  

Browse the full “Solvents Market by Type (Alcohols, Hydrocarbons, Ketones, Esters, and Chlorinated) By End Users (Cleaning Products, Paints and Coatings, Printing Inks, Pharmaceuticals, and Adhesives and Cosmetics, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/industrial-solvents-market

The global Solvents Market is segmented as follows:

By Type

• Alcohols
• Hydrocarbons
• Ketones
• Esters
• Chlorinated
• Others

By End Users 

• Cleaning Products
• Paints and Coatings
• Printing Inks
• Pharmaceuticals
• Adhesives and Cosmetics
• Others

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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