New report on Solvents Market Analysis by Product Based on product, the global solvent market is segmented into hydrocarbons, alcohols, ketones, chlorinated, Esters and others. The demand for hydrocarbon solvents is estimated to grow in future, based on its organic properties. The increasing regulatory pressure for the use of organic solvents in various applications would push the hydrocarbon solvent market.Solvents Market Analysis by Application Based on application, the global solvent market is segmented into printing ink, paints and coatings, pharmaceuticals, cosmetics and adhesives and others. Among these identified applications, paints and coatings segment is expected to show a promising growth in the years to come based on the boom in infrastructure and automobile industry.
Solvents Market Analysis by Geography Based on geography, the global solvent market is segmented into North America, Europe, Asia-Pacific and LMEA (Latin America, Middle East and Africa). The market for solvents in Asia-Pacific region is anticipated to grow rapidly based on the developments taking place in residential and infrastructure industry.
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Competitive analysis the global solvent market is very competitive due to the presence of some dominant service providers. Some of those key players are BASF SE, Exxon Mobil Corporation, Dow Chemicals, Maruzen Petrochemical, Shell Chemicals, Celanese Corporation, Solvay Chemicals and others. Maruzen Petrochemical Co., Ltd produces a wide range of solvents, which have application is diverse segments such as MARUKASOL FH, which is used as urethane-foaming agent. Also, due to its cleaning and drying features, it is used for cleaning of semiconductors and metal parts. High Level analysis the analysis gives an overview about global solvent market and its key concerns. The global market analysis using Porter’s five force model and SWOT analysis helps in giving a better understanding about various opportunities, threats and substitutes. The bargaining power of supplier is low due to the presence of many major companies in the market providing similar products with little differentiation.
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