Solvents Market Outlook, Trends, Size and Growth to 2025

1. Market Overview: The solvent is a chemical that is generally in the form of a liquid but is also present in a gaseous and solid structure. There are two types of solvents that are traditional and organic. Conventional solvents have glycol ethers, hydrocarbons, acetate esters, alcohols, chlorinated, and ketones. Organic ones are mainly employed in traditional applications, like dry cleaning, as well as in manufacturing industries. The size of the global solvents market was close to USD 39.85 billion by revenue at the end of 2020 and is estimated to rise at a CAGR of 3.95% to reach USD 48.37 billion in the estimated period. Market drivers and restraints: Conventional solvents are estimated to show high growth on account of the increasing use in different end-use businesses due to its low prices and better performance. Nevertheless, green and bio solvents are estimated to gain traction throughout the forecast period on account of their non-VOC nature. The limited technological development in bio and green solvents market and the high production prices hampers the expansion in the global solvents market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/solvents-market Report segmented as: By type: Alcohols Ketones Esters Glycol ethers Aromatic Aliphatic By application: Paints and coatings Polymer manufacturing Printing inks By source: Petrochemical based Bio and green Geographical analysis: By geography, the global market is segregated into Europe, North America, Latin America, Asia Pacific and Middle East and Africa. The Asia Pacific held the highest share of the solvents market in the year 2018, in terms of value and volume.

2. Important market players: The key players operating in the global solvents market are Royal Dutch Shell Plc (Netherlands), Eastman Chemical Company (US), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Global Holdings Inc. (US), BASF SE (Germany), Huntsman Corporation (US), ExxonMobil Corporation (US), Celanese Corporation (US), Honeywell International Inc. (US), and INEOS Group AG (UK). View a sample and decide: https://www.marketdataforecast.com/market-reports/solvents-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients. For more information: Abhishek Shukla Sales Manager at Market Data Forecast Email: abhishek@marketdataforecast.com Tel: +1-888-702-9626 Website: https://www.marketdataforecast.com/