What is the market size for the solvents market?

The Market is expected to grow by $ 9.6 bn in 2024-2028. <a href='https://www.technavio.com/report/solvents-market-industry-analysis'>Read More</a>

What is the CAGR for the solvents market?

5.24% CAGR with $ 9.6 bn Momentum. <a href='https://www.technavio.com/report/solvents-market-industry-analysis'>Read More</a>

What is the growth rate of the Solvents Market market?

5.24% is the estimation year on year growth rate. <a href='https://www.technavio.com/report/solvents-market-industry-analysis'>Read More</a>

Which region held the largest market share in the Solvents Market market?

APAC with 39% of the market growth. <a href='https://www.technavio.com/report/solvents-market-industry-analysis'>Read More</a>

Who are the prominent players in the Solvents Market market?

Akzo Nobel NV, BASF SE, Chevron Phillips Chemical Co. LLC, Clariant AG, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., Huntsman Corp., INEOS Group, LG .... <a href='https://www.technavio.com/report/solvents-market-industry-analysis'>Read More</a>

Solvents Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Germany, India, UK, Japan - Size and Forecast 2024-2028

Published: Jul 2024
Pages: 222
SKU: IRTNTR80074

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Solvents Market Size 2024-2028

The solvents market size is forecast to increase by USD 9.6 billion at a CAGR of 5.24% between 2023 and 2028. The market in the beauty industry is experiencing significant growth, driven by technological advancements in the recovery and recycling processes of solvents. These innovations enable the efficient use of solvents, reducing waste and lowering production costs. Additionally, the adoption of IoT technology in oil and gas extraction processes is increasing the demand for solvents, particularly ketones, ester solvents, glycol ether esters, alcohols such as methanol and ethanol. However, the market is also facing challenges due to the fluctuation in crude oil prices, which can impact the cost of raw materials and, consequently, the price of finished solvent products. To remain competitive, market players are focusing on improving production efficiency and reducing costs through process optimization and the adoption of sustainable manufacturing practices.

What will the size of the market be during the forecast period?

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1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation

2.3 Factors of disruption
- Overview on factors of disruption

2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market

3.2 Market characteristics
- Market characteristics analysis

3.3 Value chain analysis
- Value Chain Analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition

4.2 Market segment analysis
- Market segments

4.3 Market size 2023

4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

5 Historic Market Size

5.1 Global Solvents Market 2018 - 2022
- Historic Market Size - Data Table on Global Solvents Market 2018 - 2022 ($ billion)

5.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ billion)

5.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ billion)

5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ billion)

5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ billion)

6 Additional Value/Volume Data

6.1 Global solvents market by country 2023 - 2028 ($ billion)
- Market Size (value) - Data Table on Global solvents market by Country 2023 - 2028 ($ billion)

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028

7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028

7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028

7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028

7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028

7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028

7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

8 Market Segmentation by Type

8.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)

8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type

8.3 Alcohols - Market size and forecast 2023-2028
- Chart on Alcohols - Market size and forecast 2023-2028 ($ billion)
- Data Table on Alcohols - Market size and forecast 2023-2028 ($ billion)
- Chart on Alcohols - Year-over-year growth 2023-2028 (%)
- Data Table on Alcohols - Year-over-year growth 2023-2028 (%)

8.4 Hydrocarbons - Market size and forecast 2023-2028
- Chart on Hydrocarbons - Market size and forecast 2023-2028 ($ billion)
- Data Table on Hydrocarbons - Market size and forecast 2023-2028 ($ billion)
- Chart on Hydrocarbons - Year-over-year growth 2023-2028 (%)
- Data Table on Hydrocarbons - Year-over-year growth 2023-2028 (%)

8.5 Ketones - Market size and forecast 2023-2028
- Chart on Ketones - Market size and forecast 2023-2028 ($ billion)
- Data Table on Ketones - Market size and forecast 2023-2028 ($ billion)
- Chart on Ketones - Year-over-year growth 2023-2028 (%)
- Data Table on Ketones - Year-over-year growth 2023-2028 (%)

8.6 Esters - Market size and forecast 2023-2028
- Chart on Esters - Market size and forecast 2023-2028 ($ billion)
- Data Table on Esters - Market size and forecast 2023-2028 ($ billion)
- Chart on Esters - Year-over-year growth 2023-2028 (%)
- Data Table on Esters - Year-over-year growth 2023-2028 (%)

8.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)

8.8 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)

9 Market Segmentation by End-user

9.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)

9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user

9.3 Paints and Coatings - Market size and forecast 2023-2028
- Chart on Paints and Coatings - Market size and forecast 2023-2028 ($ billion)
- Data Table on Paints and Coatings - Market size and forecast 2023-2028 ($ billion)
- Chart on Paints and Coatings - Year-over-year growth 2023-2028 (%)
- Data Table on Paints and Coatings - Year-over-year growth 2023-2028 (%)

9.4 Pharmaceuticals - Market size and forecast 2023-2028
- Chart on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
- Data Table on Pharmaceuticals - Market size and forecast 2023-2028 ($ billion)
- Chart on Pharmaceuticals - Year-over-year growth 2023-2028 (%)
- Data Table on Pharmaceuticals - Year-over-year growth 2023-2028 (%)

9.5 Adhesives - Market size and forecast 2023-2028
- Chart on Adhesives - Market size and forecast 2023-2028 ($ billion)
- Data Table on Adhesives - Market size and forecast 2023-2028 ($ billion)
- Chart on Adhesives - Year-over-year growth 2023-2028 (%)
- Data Table on Adhesives - Year-over-year growth 2023-2028 (%)

9.6 Printing Inks - Market size and forecast 2023-2028
- Chart on Printing Inks - Market size and forecast 2023-2028 ($ billion)
- Data Table on Printing Inks - Market size and forecast 2023-2028 ($ billion)
- Chart on Printing Inks - Year-over-year growth 2023-2028 (%)
- Data Table on Printing Inks - Year-over-year growth 2023-2028 (%)

9.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)

9.8 Market opportunity by End-user
- Market opportunity by End-user ($ billion)
- Data Table on Market opportunity by End-user ($ billion)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share by geography 2023-2028 (%)
- Data Table on Market share by geography 2023-2028 (%)

11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison

11.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)

11.4 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)

11.5 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)

11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)

11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

11.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ billion)
- Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)

11.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ billion)
- Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)

11.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)

11.11 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ billion)
- Data Table on India - Market size and forecast 2023-2028 ($ billion)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)

11.12 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)

11.13 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)

11.14 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers

12.2 Market challenges

12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview

13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation

13.3 Landscape disruption
- Overview on factors of disruption

13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered

14.2 Company ranking index
- Company ranking index

14.3 Market positioning of companies
- Matrix on companies position and classification

14.4 Akzo Nobel NV
- Akzo Nobel NV - Overview
- Akzo Nobel NV - Business segments
- Akzo Nobel NV - Key news
- Akzo Nobel NV - Key offerings
- Akzo Nobel NV - Segment focus
- SWOT

14.5 BASF SE
- BASF SE - Overview
- BASF SE - Business segments
- BASF SE - Key news
- BASF SE - Key offerings
- BASF SE - Segment focus
- SWOT

14.6 Clariant AG
- Clariant AG - Overview
- Clariant AG - Business segments
- Clariant AG - Key news
- Clariant AG - Key offerings
- Clariant AG - Segment focus
- SWOT

14.7 Dow Inc.
- Dow Inc. - Overview
- Dow Inc. - Business segments
- Dow Inc. - Key news
- Dow Inc. - Key offerings
- Dow Inc. - Segment focus
- SWOT

14.8 Eastman Chemical Co.
- Eastman Chemical Co. - Overview
- Eastman Chemical Co. - Business segments
- Eastman Chemical Co. - Key news
- Eastman Chemical Co. - Key offerings
- Eastman Chemical Co. - Segment focus
- SWOT

14.9 Exxon Mobil Corp.
- Exxon Mobil Corp. - Overview
- Exxon Mobil Corp. - Business segments
- Exxon Mobil Corp. - Key news
- Exxon Mobil Corp. - Key offerings
- Exxon Mobil Corp. - Segment focus
- SWOT

14.10 Huntsman Corp.
- Huntsman Corp. - Overview
- Huntsman Corp. - Business segments
- Huntsman Corp. - Key news
- Huntsman Corp. - Key offerings
- Huntsman Corp. - Segment focus
- SWOT

14.11 INEOS Group
- INEOS Group - Overview
- INEOS Group - Product / Service
- INEOS Group - Key news
- INEOS Group - Key offerings
- SWOT

14.12 LG Chem Ltd.
- LG Chem Ltd. - Overview
- LG Chem Ltd. - Business segments
- LG Chem Ltd. - Key news
- LG Chem Ltd. - Key offerings
- LG Chem Ltd. - Segment focus
- SWOT

14.13 LyondellBasell Industries N.V.
- LyondellBasell Industries N.V. - Overview
- LyondellBasell Industries N.V. - Business segments
- LyondellBasell Industries N.V. - Key news
- LyondellBasell Industries N.V. - Key offerings
- LyondellBasell Industries N.V. - Segment focus
- SWOT

14.14 Merck KGaA
- Merck KGaA - Overview
- Merck KGaA - Business segments
- Merck KGaA - Key news
- Merck KGaA - Key offerings
- Merck KGaA - Segment focus
- SWOT

14.15 PPG Industries Inc.
- PPG Industries Inc. - Overview
- PPG Industries Inc. - Business segments
- PPG Industries Inc. - Key news
- PPG Industries Inc. - Key offerings
- PPG Industries Inc. - Segment focus
- SWOT

14.16 Saudi Basic Industries Corp.
- Saudi Basic Industries Corp. - Overview
- Saudi Basic Industries Corp. - Business segments
- Saudi Basic Industries Corp. - Key offerings
- Saudi Basic Industries Corp. - Segment focus
- SWOT

14.17 Shell plc
- Shell plc - Overview
- Shell plc - Business segments
- Shell plc - Key news
- Shell plc - Key offerings
- Shell plc - Segment focus
- SWOT

14.18 Solvay SA
- Solvay SA - Overview
- Solvay SA - Business segments
- Solvay SA - Key news
- Solvay SA - Key offerings
- Solvay SA - Segment focus
- SWOT

15 Appendix

15.1 Scope of the report

15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist

15.3 Currency conversion rates for US$
- Currency conversion rates for US$

15.4 Research methodology
- Research methodology

15.5 Data procurement
- Information sources

15.6 Data validation
- Data validation

15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing

15.8 Data synthesis
- Data synthesis

15.9 360 degree market analysis
- 360 degree market analysis

15.10 List of abbreviations
- List of abbreviations
- o Stable customer base

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES