Global Solvents Market Globally to register highest growth by 2020
Zion Market Research has published a new report titled “Solvents Market (Alcohols, Hydrocarbons, Ketones, Esters, Chlorinated and Others) for Paints and Coatings, Printing Inks, Pharmaceuticals, Adhesives and Cosmetics and Other Applications – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global solvent market was valued at around USD 25.25 billion in 2014 and is expected to reach USD 31.50 billion in 2020, growing at a CAGR of slightly above 3.5% between 2015 and 2020. In terms of volume, the global solvents market stood at 18,900.0 kilo tons in 2014.
Solution formed by addition of a solvent substance into a solute. Inhalants or volatile substances are another names used for solvents. A solvent is commonly in a liquid form but can also be in a solid or a gas form. The process of dissolution of solute in a specific volume of solvent is depends upon temperature. Chemical, pharmaceutical, oil, and gas, chemical syntheses and purification processes are some of the major application markets for solvents. Non-polar, polar aprotic and polar protic solvents are some of the important types of solvents.
Get a copy of Sample Report: http://www.marketresearchstore.com/report/solvents-market-z47791#RequestSample
The major driving factor for the global solvents market is strong demand from various end-user industries including paints and coatings, pharmaceutical. Revival of global economy with increasing demand from the construction and automobile industry is driving demand for solvents. However, volatile raw material prices and stringent environmental regulations are expected to remain major concerns for solvent manufacturers.
Alcohols, hydrocarbons, ketones, esters, chlorinated and others are some of the major product segment of solvents market. Alcohol based solvents was the largest product segment of solvents market in 2014. It accounted for over 305 share of the total volume consumed in 2014. Hydrocarbon-based solvent was the second largest product segment of solvents market in 2014. Hydrocarbon-based solvents market is expected to grow at a moderate pace in the years to come.
Request For Free Price Quotation: http://www.marketresearchstore.com/requestquote?reportid=47791
Paints and coatings, printing inks, pharmaceuticals, adhesives and cosmetics and other applications are some of the leading application markets for solvents. Paints and coatings was one of the leading application segments for solvents in 2014. It accounted for around for over 60% share of the total solvent volume consumed in 2014 and is expected to exhibit rapid CAGR between 2015 and 2020. Pharmaceuticals, adhesives and cosmetics are other important outlets for solvents. Construction and automobile is expected to exhibit fastest CAGR during the forecast period.
Know more before buying this report: http://www.marketresearchstore.com/report/solvents-market-z47791#InquiryForBuying
Asia Pacific dominated the global solvent market with over 40% share in total volume consumption in 2014. The solvent market in Europe will grow at a sluggish CAGR due to the mature nature of market. Europe is followed by North America. North America is expected to be exhibit significant growth in demand for solvent during the forecast period. Latin America and Meddle East & Africa are also expected to grow at a moderate pace.
Browse the full report at: http://www.marketresearchstore.com/report/solvents-market-z47791
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global solvents market include Dow Chemical Company, Sasol Solvents, BASF SE, Celanese Corporation, Maruzen Petrochemical, Exxon Mobil Corporation, Shell Chemical, and Solvay Chemicals.
This report segments the global solvents market as follows:
Global Solvents Market: Product Segment Analysis
Global Solvents Market: Application Segment Analysis
- Paints and Coatings
- Printing Inks
- Adhesives and Cosmetics
Global Solvents Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Visit Our Blog: https://marketresearchstore2017.wordpress.com
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
Email: [email protected]