Solvent Market Analysis By Product (Hydrocarbons, Alcohols, Esters, Ketones, Chlorinated) By Application (Printing Inks, Paints And Coatings, Pharmaceuticals, Adhesives & Cosmetics) And Segment Forecasts To 2020

Published: Aug, 2014 | Pages: 75 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global market for solvents is expected to reach USD 31.63 billion by 2020. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.

Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.

Further key findings from the study suggest:

The global market for solvents was 18,303.2 kilo tons in 2013 and is expected to reach 22,973.4 kilo tons by 2020, growing at a CAGR of 3.3% from 2014 to 2020.
Paints & coatings were the largest application segment for solvents and accounted for over 60% of total market volume in 2013. Along with being the largest application segment, paints & coatings are also expected to be the fastest growing application for solvents, at an estimated CAGR of 3.6% from 2014 to 2020. Growth of global paints and coatings industry is expected to drive the demand for solvents over the next six years.
Asia Pacific continued its dominance in the global market and accounted for over 40% of total market volume in 2013. In addition of being the largest market, Asia Pacific is also expected to be the fastest growing regional market for solvents at an estimated CAGR of 3.7% from 2014 to 2020.
The global market for solvents is moderately fragmented with top four companies including Dow Chemicals, Shell Chemicals, ExxonMobil and British Petroleum (BP) accounting for just over 45% of total market in 2013. Some other companies operating in the global market include BASF, Sasol Solvents, Celanese Corporation, Ashland Inc., Eastman Chemical Company and Solvay SA.
For the purpose of this study, Grand View Research has segmented the solvent market on the basis of product, application and region:

     Global Solvent Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
             Alcohols
             Hydrocarbons
             Ketones
             Esters
             Chlorinated
             Others (including glycols and soy oil)
     Global Solvent Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012-2020)
             Paints & Coatings
             Printing Inks
             Pharmaceuticals
             Cosmetics & Adhesives 
             Other (Deicing, Cleaning Agent)
     Global Solvent Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
             North America
             Europe
             Asia Pacific
             RoW

 Table of Contents
Chapter 1.  Executive Summary

                1.1.  Solvent- Industry Summary and Critical Success Factors (CSFs)

Chapter 2.  Solvent Industry Outlook

                2.1.  Market Segmentation

                2.2.  Market Size and Growth Prospects

                2.3.  Solvents Value Chain Analysis

                2.4.  Solvent Market Dynamics

                    2.4.1.    Market Driver Analysis

                    2.4.2.    Market Restraint Analysis

                2.5.  Key Opportunities Prioritized

                2.6.  Industry Analysis - Porter's

                2.7.  Solvent- Company Market Share Analysis

                2.8.  Solvent Market PESTEL Analysis, 2012

Chapter 3.  Solvent Product Outlook

                3.1.  Hydrocarbons

                    3.1.1. Solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)

                3.2.  Alcohol          

                    3.2.1.Alcohol based solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)

                3.3.  Esters

                    3.3.1.Ester based solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)

                3.4.  Ketones         

                    3.4.1.Ketone based solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)

                3.5.  Chlorinated

                    3.5.1.Chlorine based solvent market estimates and forecasts, 2012 - 2020 (Kilo Tons) (USD Million)

Chapter 4.  Solvent Application Outlook   

                4.1.  Printing Inks  

                    4.1.1. market estimates and forecasts from printing inks, 2012 - 2020 (Kilo Tons) (USD Million)

                4.2.  Paints and Coatings

                    4.2.1. market estimates and forecasts from paints and coatings, 2012 - 2020 (Kilo Tones) (USD Million)

                4.3.  Pharmaceuticals

                    4.3.1. market estimates and forecasts from pharmaceuticals, 2012 - 2020 (Kilo Tones) (USD Million)

                4.4.  Adhesives and Cosmetics

                    4.4.1. market estimates and forecasts from adhesives and cosmetics, 2012 - 2020 (Kilo Tones) (USD Million)

Chapter 5.  Solvent Regional Outlook       

                5.1.  North America

                    5.1.1. Solvent market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)

                    5.1.2. Solvent market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)

                5.2.  Europe

                    5.2.1. Solvent market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)

                    5.2.2. Solvent market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)

                5.3.  Asia Pacific

                    5.3.1. Solvent market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)

                    5.3.2. Solvent market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)

                5.4.  RoW

                    5.4.1.RoW solvent market estimates and forecasts, by product, 2012 - 2020 (Kilo Tons) (USD Million)

                    5.4.2.RoW solvent market estimates and forecasts, by application, 2012 - 2020 (Kilo Tons) (USD Million)

Chapter 6 Solvents Competitive Landscape

                6.1 BASF SE

                    6.1.1 Company Overview

                    6.1.2 Financial Performance

                    6.1.3 Product Benchmarking

                    6.1.4 Strategic Initiatives

                6.2 Dow Chemicals

                    6.2.1 Company Overview

                    6.2.2 Financial Performance

                    6.2.3 Product Benchmarking

                    6.2.4 Strategic Initiatives

                6.3 Shell Chemicals

                    6.3.1 Company Overview

                    6.3.2 Financial Performance

                    6.3.3 Product Benchmarking

                    6.3.4 Strategic Initiatives

                6.4 Sasol Solvents

                    6.4.1 Company Overview

                    6.4.2 Financial Performance

                    6.4.3 Product Benchmarking

                    6.4.4 Strategic Initiatives

                6.5 Exxon Mobil Corporation

                    6.5.1 Company Overview

                    6.5.2 Financial Performance

                    6.5.3 Product Benchmarking

                    6.5.4 Strategic Initiatives

                6.6 Celanese Corporation

                    6.6.1 Company Overview

                    6.6.2 Financial Performance

                    6.6.3 Product Benchmarking

                    6.6.4 Strategic Initiatives

                6.7 Maruzen Petrochemicals

                    6.7.1 Company Overview

                    6.7.2 Financial Performance

                    6.7.3 Product Benchmarking

                    6.7.4 Strategic Initiatives

                6.8 Ashland Inc.

                    6.8.1 Company Overview

                    6.8.2 Financial Performance

                    6.8.3 Product Benchmarking

                    6.8.4 Strategic Initiatives

                6.9 Eastman Chemical Company

                    6.9.1 Company Overview

                    6.9.2 Financial Performance

                    6.9.3 Product Benchmarking

                    6.9.4 Strategic Initiatives

                6.10 Honeywell International Inc.

                    6.10.1 Company Overview

                    6.10.2 Financial Performance

                    6.10.3 Product Benchmarking

                    6.10.4 Strategic Initiatives

                6.11 Huntsman Corp.

                    6.11.1 Company Overview

                    6.11.2 Financial Performance

                    6.11.3 Product Benchmarking

                    6.11.4 Strategic Initiatives

                6.12 INEOS AG

                    6.12.1 Company Overview

                    6.12.2 Financial Performance

                    6.12.3 Product Benchmarking

                    6.12.4 Strategic Initiatives

                6.13 Lyondellbasell Industries N.V.

                    6.13.1 Company Overview

                    6.13.2 Financial Performance

                    6.13.3 Product Benchmarking

                    6.13.4 Strategic Initiatives

                6.14 Solvay SA

                    6.14.1 Company Overview

                    6.14.2 Financial Performance

                    6.14.3 Product Benchmarking

                    6.14.4 Strategic Initiatives

Chapter 7.  Methodology and Scope                                  

                7.1.  Research Methodology                                            

                7.2.  Research Scope & Assumption                                           

                7.3.  List of Data Sources             


List of Tables


1. Solvents - Industry Summary & Critical Success Factors (CSFs)
2. Global solvents market volume and revenue, 2012 - 2020
3. Global solvents market volume estimates and forecast by region, 2012-2020 (Kilo Tons)
4. Global solvents market revenue estimates and forecast by region, 2012-2020 (USD million)
5. Global solvents market volume estimates and forecast by product, 2012-2020 (Kilo Tons)
6. Global solvents market revenue estimates and forecast by product, 2012-2020 (USD million)
7. Global solvents market volume estimates and forecast by application, 2012-2020 (Kilo Tons)
8. Global solvents market revenue estimates and forecast by application, 2012-2020 (USD million)
9. Solvents - Key driver analysis
10. Solvents - Key restraint analysis
11. Global alcohol based solvents market estimates and forecast, (volume & revenue) 2012-2020
12. Global alcohol based solvents market estimates and forecast by region, (volume & revenue) 2012-2020
13. Global hydrocarbon based solvents market estimates and forecast, (volume & revenue) 2012-2020
14. Global hydrocarbon based solvents market estimates and forecast by region, (volume & revenue) 2012-2020
15. Global ketone based solvents market estimates and forecast, (volume & revenue) 2012-2020
16. Global ketone solvents market estimates and forecast by region, (volume & revenue) 2012-2020
17. Global esters based solvents market estimates and forecast, (volume & revenue) 2012-2020
18. Global esters solvents market estimates and forecast by region, (volume & revenue) 2012-2020
19. Global chlorinated solvents market estimates and forecast, (volume & revenue) 2012-2020
20. Global chlorinated solvents market estimates and forecast by region, (volume & revenue) 2012-2020
21. Global other solvents market estimates and forecast, (volume & revenue) 2012-2020
22. Global other solvents market estimates and forecast by region, (volume & revenue) 2012-2020
23. Global solvents demand from paints and coatings, (volume & revenue) 2012-2020
24. Global solvents demand from paints and coatings, by region, (volume & revenue) 2012-2020
25. Global solvents demand from printing inks, (volume & revenue) 2012-2020
26. Global solvents demand from printing inks, by region, (volume & revenue) 2012-2020
27. Global solvents demand from pharmaceuticals, (volume & revenue) 2012-2020
28. Global solvents demand from pharmaceuticals, by region, (volume & revenue) 2012-2020
29. Global solvents demand from cosmetics and adhesives, (volume & revenue) 2012-2020
30. Global solvents demand from cosmetics and adhesives, by region, (volume & revenue) 2012-2020
31. Global solvents demand from other applications, (volume & revenue) 2012-2020
32. Global solvents demand from other applications, by region, (volume & revenue) 2012-2020
33. North America solvents market volume, by application, 2012 - 2020 (Kilo Tons) 
34. North America solvents market revenue, by application, 2012 - 2020 (USD Million)
35. North America solvents market volume, by product, 2012 - 2020 (Kilo Tons) 
36. North America solvents market revenue, by products, 2012 - 2020 (USD Million)
37. Europe solvents market volume, by application, 2012 - 2020 (Kilo Tons) 
38. Europe solvents market revenue, by application, 2012 - 2020 (USD Million)
39. Europe solvents market volume, by product, 2012 - 2020 (Kilo Tons) 
40. Europe solvents market revenue, by product, 2012 - 2020 (USD Million)
41. Asia Pacific solvents market volume, by application, 2012 - 2020 (Kilo tons) 
42. Asia Pacific solvents market revenue, by application, 2012 - 2020 (USD Million)
43. Asia Pacific solvents market volume, by product, 2012 - 2020 (Kilo tons) 
44. Asia Pacific solvents market revenue, by product, 2012 - 2020 (USD Million)
45. RoW solvents market volume, by application, 2012 - 2020 (Kilo Tons) 
46. RoW solvents market revenue, by application, 2012 - 2020 (USD Million)
47. RoW solvents market volume, by product, 2012 - 2020 (Kilo Tons)
48. RoW solvents market revenue, by product, 2012 - 2020 (USD million)


List of Figures

1. Solvents market segmentation
2. Global solvents market (Volume & Revenue), 2012 - 2020
3. Solvents - Value chain analysis
4. Solvents - Market dynamics
5. Solvents - Company market share analysis, 2013
6. Key opportunities prioritized
7. Industry analysis - Porter's
8. Solvents PESTEL analysis, 2013
9. Global solvents market volume share, by product, 2013 & 2020
10. Global alcohol based solvents market estimates and forecast, (volume & revenue) 2012-2020
11. Global hydrocarbon based solvents market estimates and forecast, (volume & revenue) 2012-2020
12. Global ketone based solvents market estimates and forecast, (volume & revenue) 2012-2020
13. Global ester based solvents market estimates and forecast, (volume & revenue) 2012-2020
14. Global chlorine based solvents market estimates and forecast, (volume & revenue) 2012-2020
15. Global other solvents market estimates and forecast, (volume & revenue) 2012-2020
16. Global solvents market volume share, by application, 2013 & 2020
17. Global solvents demand from paints and coatings, (volume & revenue) 2012-2020
18. Global solvents demand from printing inks, (volume & revenue) 2012-2020
19. Global solvents demand from pharmaceuticals, (volume & revenue) 2012-2020
20. Global solvents demand from cosmetics and adhesives, (volume & revenue) 2012-2020
21. Global solvents demand from other applications, (volume & revenue) 2012-2020
22. Global solvents market volume share, by region, 2013 & 2020
23. North America solvents market estimates and forecast, 2012-2020 (Kilo Tons) (USD million) 
24. Europe solvents market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
25. Asia Pacific solvents market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)
26. RoW solvents market estimates and forecast, 2012-2020 (Kilo Tons) (USD million)