SOLVENT MARKET. Global Trends & Forecast To MarketsandMarkets
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1 SOLVENT MARKET BY TYPE (Alcohols, Glycols, Glycol Ethers, Ketones, Esters, Aromatics, Chlorinated), APPLICATION (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care) & SOURCE MarketsandMarkets
2 MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers fourteen industry verticals, including aerospace & defence, advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. Copyright 2014 MarketsandMarkets All Rights Reserved. This document contains highly confidential information and is the sole property of MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of MarketsandMarkets. MarketsandMarkets Sample Pages 2
3 1 PREMIUM INSIGHTS 1.1 OXYGENATED SOLVENT HAS THE LARGEST MARKET SIZE Oxygenated industrial solvents are the major solvents utilized in the market. Estimates for various types of industrial solvent are mentioned in the figure below: FIGURE 1 INDUSTRIAL SOLVENT MARKET SHARE, BY TYPE & SUB-TYPE, 2012 (%) MarketsandMarkets Sample Pages 3
4 2 INDUSTRIAL SOLVENTS MARKET, BY TYPE 2.1 INTRODUCTION Solvents are the chemicals that help in the dissolution of solutes to form a solution. In industrial applications, there are several solutes that need to be dissolved or carried in the solution form, leading to a huge requirement of solvents. However, different substances are soluble in different solvents, which create the availability of a variety of solvents in the market. The major types of conventional solvents are oxygenated, hydrocarbon, and halogenated solvents. A few other solvents are also used such as acids and amines. The complete segmentation by type and sub-type is shown in the figure below: FIGURE 2 INDUSTRIAL SOLVENTS MARKET SEGMENTATION, BY TYPE Oxygenated Hydrocarbon Halogenated Others Alcohols o Methanol Aliphatic Aromatic Chlorinated o Methylene Chloride Acids Others o Ethanol o Propanol o Butanol o Benzene o Toluene o Xylene o Trichloroethylene o Perchloroethylene o Others o Other Alcohols Glycols o Ethylene Glycols o Propylene Glycols o EthylBenzene o Others Glycol Ethers o E-Series Glycol Ethers o P-Series Glycol Ethers o Butyl Glycol Ethers Ketones o Acetone o MEK o MIBK o Other Ketones Esters o Ethyl Acetate o Butyl Acetate o Other Acetate MarketsandMarkets Sample Pages 4
5 2.2 MARKET ANALYSIS OXYGENATED SOLVENTS Market Estimates The figure below provides estimates for oxygenated industrial solvents by type in 2012 and FIGURE 3 OXYGENATED SOLVENTS MARKET VOLUME SHARE, BY TYPE, 2012 & 2018 (%) Alcohols Glycols Glycol Ethers Ketones Esters Alcohols are the major oxygenated solvents used, with share. Its share will increase in future at an expense of other solvents, reaching by The table below shows the volume estimates for the oxygenated solvents market from 2011 to 2018 by region. MarketsandMarkets Sample Pages 5
6 Glycols TABLE 1 GLYCOL SOLVENT MARKET VOLUME, BY GEOGRAPHY, (KT) Region CAGR% ( ) Asia-Pacific XX XX XX XX XX Europe XX XX XX XX XX North America XX XX XX XX XX ROW XX XX XX XX XX Total XX XX XX XX XX MarketsandMarkets Sample Pages 6
7 TABLE 2 GLYCOL SOLVENT MARKET VALUE, BY GEOGRAPHY, ($MILLION) Region CAGR% ( ) Asia-Pacific XX XX XX XX XX Europe XX XX XX XX XX North America XX XX XX XX XX ROW XX XX XX XX XX Total XX XX XX XX XX MarketsandMarkets Sample Pages 7
8 3 INDUSTRIAL SOLVENTS MARKET, BY APPLICATION 3.1 MARKET ANALYSIS PAINTS & COATINGS TO DOMINATE THE INDUSTRIAL SOLVENTS USAGE The table below provides estimates for the application-wise consumption of industrial solvents from 2011 to TABLE 3 INDUSTRIAL SOLVENTS MARKET VOLUME, BY APPLICATION, (KT) Application CAGR% ( ) Paints & Coatings XX XX XX XX XX Pharmaceuticals XX XX XX XX XX Adhesives XX XX XX XX XX Printing Inks XX XX XX XX XX Personal Care XX XX XX XX XX Metal Cleaning XX XX XX XX XX Rubber & Polymer XX XX XX XX XX Agricultural Chemicals XX XX XX XX XX Others XX XX XX XX XX Total XX XX XX XX XX MarketsandMarkets Sample Pages 8
9 The industrial solvents market is projected to grow from XX KT in 2013 to XX KT by 2018, at a CAGR. Solvents usage in the paint & coatings application is estimated to increase from XX KT in 2013 to XX KT by 2018, at a CAGR of from 2013 to 2018 with an increase in demand from developing countries, globally. In 2012, the solvent usage in pharmaceutical applications was XX KT and is projected to grow at CAGR of from 2013 to 2018, with an increase in demand and consumption of medicines, globally. The table below lists the value estimates by various applications. MarketsandMarkets Sample Pages 9
10 4 INDUSTRIAL SOLVENTS MARKET, BY GEOGRAPHY 4.1 MARKET ANALYSIS ASIA-PACIFIC Market, By Application The table below lists the volume estimates for various applications of industrial solvents in the Asia-Pacific region from 2011 to TABLE 4 ASIA-PACIFIC: INDUSTRIAL SOLVENTS MARKET VOLUME, BY APPLICATION, (KT) Application CAGR% ( ) Paints & Coatings XX XX XX XX XX Pharmaceuticals XX XX XX XX XX Adhesives XX XX XX XX XX Printing Inks XX XX XX XX XX Personal Care XX XX XX XX XX Metal Cleaning XX XX XX XX XX Rubber & Polymer XX XX XX XX XX Agricultural Chemicals XX XX XX XX XX Others XX XX XX XX XX Total XX XX XX XX XX MarketsandMarkets Sample Pages 10
11 Paints & Coatings was the largest application for industrial solvents in the region that consumed XX KT of solvents in The Asia-Pacific region is a diversified paints and coatings market. Countries such as Japan and Australia have a highly developed and mature market, while China and India are the fastest growing and emerging markets in the region. However, the growth engine of this market is China, accounting for a major share of the consumption. The solvent-based paints & coatings market will have a lower CAGR than the water-based paints & coatings due to the latter being environment friendly. However, high infrastructure growth in the region will ensure the adequate solvent demand for paints and coatings applications. MarketsandMarkets Sample Pages 11
12 Disclaimer: MarketsandMarkets strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge, when ordering, that MarketsandMarkets strategic analysis services are for our customers internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation. MarketsandMarkets does not endorse any vendor, product or service depicted in its research publications. MarketsandMarkets strategic analysis publications consist of the opinions of MarketsandMarkets' research and should not be construed as statements of fact. MarketsandMarkets disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. MarketsandMarkets takes no responsibility for any incorrect information supplied to us by manufacturers or users. All trademarks, copyrights and other forms of intellectual property belong to their respective owners and may be protected by copyright. Under no circumstance may any of these be reproduced in any form without the prior written agreement of their owner. No part of this strategic analysis service may be given, lent, resold or disclosed to noncustomers without written permission. Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited. For information regarding permission, contact: Tel: sales@marketsandmarkets.com MarketsandMarkets Sample Pages 12
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