This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Asia Pacific Industrial Solvents Market

Market Insights on Asia Pacific Industrial Solvents covering sales outlook, demand forecast & up-to-date key trends

Asia Pacific Industrial Solvents Market: Industry Analysis and Opportunity Assessment 2014 - 2020

Asia Pacific Industrial Solvents Market Overview

A solution is defined as a mixture of two or more substances with uniform chemical and physical properties. Every solution consists of two basic components as solvent and solute. The main purpose of the solvent is to convert substances into a suitable form for a particular use, with its ability to dissolve, suspend or attract other materials.

Solvents once used can be discarded, reused or recycled in an eco-friendly manner. Usually industrial solvents are liquids but they can also be present in the form of solids and gases. The importance of solvent is brought about the most important fact that, many substances exhibit their greater usefulness when dispersed in a solution.

Industrial solvents are typically used as ingredients in formulation of products or processing auxiliaries in manufacturing. The physical and chemical properties of a solution can be best utilized by making use of proper choice of solvents, thus making themsuitable for use into a variety of processes and methods of industrial applications.

Industrial solvents market has significantly changed the modern living and made solvents one of the most valuable and useful products for various end user industries and manufacturing companies.

On the basis of application, industrial solvent market is segmented as pharmaceuticals, cosmetics, printing ink, paints & coatings, and adhesives. Some of the more important uses of industrial solvents are in electronic industry, pesticides, photographic reproduction and textile industries.

Large quantities of industrial solvents are also involved in oil refining and recovery, dry cleaning, rubber and polymer, fuel additives and metal degreasing. Most of the solvents in industrial solvents market are primarily used as dissolution agent in various industries which accounts for about half of market share followed by cleansing, degreasing and purification.

The growing demand from pharmaceutical, paints and coating industry is fueling the global demand for industrial solvent market.

On the basis of product types, industrial solvents market can be segmented intooxygenated, hydrocarbon, and halogenated. These have been further segmented into alcohols, glycols, ketones, ethers, glycol ethers and esters for oxygenated solvents, aromatic and aliphatic solvents for hydrocarbon, perchloroethylene, methylene chloride, trichloroethylene for halogenated solvents.

The other possible segmentation of industrial solvents market can be done on the basis of raw materials such conventional and green, whilst green industrial solvents market is expected to show high CAGR during the forecast period.

On the basis of end use, the industrial solvents market is segmented into manufacturing industrial solvents and non-manufacturing industrial solvents. Manufacturing industrial solvents market as of 2013, commanded dominant market share whereas sub-segments of non-manufacturing industrial solvents market such as transportation and cleaning are anticipated to register high growth rate during the forecast period.

Rapid industrialization in developing economies and chemical sales have led to significant demand for industrial solvents market. Industrial solvents market is anticipated to grow at higher pace in countries such as China, India and other developing countries due to potential growth in industrial value added over the past few years.

Global industrial solvents market is expected to grow significantly with an increasing demand from pharmaceuticals, paints and coatings industry. As of 2013, APAC was the predominant industrial solvents market, followed by Europe and North America and is expected to maintain its dominant position during the forecast period.

The growth in the construction and automobile industries with comparatively less strict environment regulations is fuelling the demand for industrial solvents market in the APAC region. Availability of abundant labour and petrochemical feedstock are major drivers for growing demand in APAC industrial solvents market, and is also one of the major reasons to attract manufacturers in the APAC region.

The growth in pharmaceutical, paint & coatings industry in emerging economies such as India and China is playing a significant role in industrial solvents market. However, strict legal regulations and growing environmental awareness amongst end user industries are major restraints for industrial solvents in the APAC region. Penetration of bio based and green solvents is the new rising trend in the APAC industrial solvents market. 

Key players in the industrial solvents market include Arkema, BASF SE, BP PLC., Diacel Chemical Industries Ltd, Exxon Mobil Corporation, Lyondell Basell Industries, Royal Dutch Shell Plc., PetroleoBrasileiroS.A, Dow Chemical and Total S.A. Asia Pacific industrial solvents market has become a global manufacturing hub which is attracting major players to set up their manufacturing plants and target high growth markets such as India and China.

Upcoming opportunities with increasing preference of green solvents, continuous research and development and product innovation is anticipated to drive growth in industrial solvents market in the coming future. 

The research report presents a comprehensive assessment of the industrial solvents market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

Customize this Report

Let us know your requirement to get
100% FREE customization

The report covers exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Regional analysis includes

  • Greater China
  • India
  • ASEAN
  • Australia & New Zealand
  • Others

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies. 

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nikhil Kaitwade
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

List of Charts

NA

Need specific information?

Request Customization

Explore Chemicals & Materials Insights

View Reports
Google translate

Asia Pacific Industrial Solvents Market