Select Language
COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Solvent Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Alcohols
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hydrocarbons
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Ketones
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Esters
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Chlorinated
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Source
7.1 Petrochemical-based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Bio and Green
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Paints and Coatings
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Printing Inks
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Cosmetics and Adhesives
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Archer-Daniels-Midland Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Ashland Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 BASF SE
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Bharat Petroleum Corporation Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 bp p.l.c.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Celanese Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Dow Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Eastman Chemical Company
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Exxon Mobil Corporation
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Honeywell International Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 Huntsman Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 LyondellBasell Industries N.V.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Royal Dutch Shell plc
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.14 Sasol Limited
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.14.4 SWOT Analysis
14.3.15 Solvay S.A.
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio
14.3.15.3 Financials
14.3.15.4 SWOT Analysis
List of Figures
Figure 1: Global: Solvent Market: Major Drivers and Challenges
Figure 2: Global: Solvent Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Solvent Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Solvent Market: Breakup by Product (in %), 2021
Figure 5: Global: Solvent Market: Breakup by Source (in %), 2021
Figure 6: Global: Solvent Market: Breakup by Application (in %), 2021
Figure 7: Global: Solvent Market: Breakup by Region (in %), 2021
Figure 8: Global: Solvent (Alcohols) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Solvent (Alcohols) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Solvent (Hydrocarbons) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Solvent (Hydrocarbons) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Solvent (Ketones) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Solvent (Ketones) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Solvent (Esters) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Solvent (Esters) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Solvent (Chlorinated) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Solvent (Chlorinated) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Solvent (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Solvent (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Solvent (Petrochemical-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Solvent (Petrochemical-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Solvent (Bio and Green) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Solvent (Bio and Green) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Solvent (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Solvent (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Solvent (Printing Inks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Solvent (Printing Inks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Solvent (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Solvent (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Solvent (Cosmetics and Adhesives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Solvent (Cosmetics and Adhesives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Solvent (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Solvent (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: North America: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: North America: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: United States: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: United States: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Canada: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Canada: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Asia-Pacific: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Asia-Pacific: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: China: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: China: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Japan: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Japan: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: India: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: India: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: South Korea: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: South Korea: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Australia: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Australia: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Indonesia: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Indonesia: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Others: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Others: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Europe: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Europe: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Germany: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Germany: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: France: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: France: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: United Kingdom: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: United Kingdom: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Italy: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Italy: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Spain: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Spain: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Russia: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Russia: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Latin America: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Latin America: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Brazil: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Brazil: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Mexico: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Mexico: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Others: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Others: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Middle East and Africa: Solvent Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Middle East and Africa: Solvent Market: Breakup by Country (in %), 2021
Figure 82: Middle East and Africa: Solvent Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Global: Solvent Industry: SWOT Analysis
Figure 84: Global: Solvent Industry: Value Chain Analysis
Figure 85: Global: Solvent Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Solvent Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Solvent Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Solvent Market Forecast: Breakup by Source (in Million US$), 2022-2027
Table 4: Global: Solvent Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Solvent Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Solvent Market: Competitive Structure
Table 7: Global: Solvent Market: Key Players
The global solvent market was valued at US$ 43.74 Billion in 2021.
We expect the global solvent market to exhibit a CAGR of 4.50% during 2022-2027.
The rising utilization of solvent as cleaning and degreasing agents, along with its growing application in
producing numerous products, such as spot removers, printing inks, cosmetics, perfumes, etc., is
primarily driving the global solvent market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
solvents.
Based on the product, the global solvent market can be segmented into alcohols, hydrocarbons,
ketones, esters, chlorinated, and others. Among these, alcohols currently hold the majority of the total
market share.
Based on the source, the global solvent market has been divided into petrochemical-based and bio and
green. Currently, petrochemical-based exhibits a clear dominance in the market.
Based on the application, the global solvent market can be categorized into paints and coatings, printing
inks, pharmaceuticals, cosmetics and adhesives, and others. Among these, paints and coatings account
for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global solvent market include Archer-Daniels-Midland Company,
Ashland Inc., BASF SE, Bharat Petroleum Corporation Limited, bp p.l.c., Celanese Corporation, Dow Inc.,
Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., Huntsman
Corporation, LyondellBasell Industries N.V., Royal Dutch Shell plc, Sasol Limited, and Solvay S.A.
10% Free customization
Purchase Options
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )
Drop us an email at
sales@imarcgroup.com