The global Solvents market was valued at 4327.57 Million USD in 2021 and will grow with a CAGR of 2.05% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A solvent is a substance capable of dissolving a solute which can be in a solid, liquid, or gaseous state to form a solution. Solvents are chemicals that melt, suspend, or extract other materials. Solvents can be of two types: Organic that contains carbon, and inorganic that does not contain carbon. Oxygenated, hydrocarbons, and halogenated are the common types of organic solvents.During 2017, the paints and coatings segment accounted for the major shares of this market. Solvents help in dissolving and dispersing certain components in the formulation of paints such as pigments and resins which helps in maintaining the consistency of paints for applications. The ability of solvents to make paints more durable, decorative, and glossy in both indoor and outdoor applications will contribute to the growth of this market segment in the coming years.

By Market Verdors:

BASF

Dow Chemical

Ashland

ExxonMobil

Huntsman

Arkema

LyondellBasell

BP

INEOS

Honeywell International

Solvay

Eastma Chemical

Chevron Phillips Chemical

Celanese

Top Solvent

BioAmber

Flotek Industries

Invista

Monument Chemical

By Types:

Green and Bio-Based Solvents

Conventional Solvents

By Applications:

Paints and Coatings

Pharmaceuticals

Printing Inks

Adhesives

Cleaning Products

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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