1. Market Research
  2. > Chemical
  3. > Specialty Chemical
  4. > Paint and Coating Market Trends
Solvents Market by Type, Application And Region - Global Forecast to 2025

Solvents Market by Type, Application And Region - Global Forecast to 2025

  • September 2020
  • 258 pages
  • ID: 4759532
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The solvents market is projected to grow from USD 21.8 billion in 2020 to USD 30.0 billion by 2025, at a CAGR of 6.6% during the forecast period. Growth in the personal care, home care and pharmaceuticals sectors is expected to drive the demand for solvents during the forecast period. While stringent regulatory environment regarding the use of conventional solvents is estimated to restrain the market growth.

The oxygenated solvents segment is led the solvents market during the forecast period, in terms of both, value and volume
By product type, oxygenated solvents led the solvents market in 2019, both in terms of both volume and value.This is due to their high solvency power and low toxicity.

In addition, their usage in various applications, such as personal care, home care, paints & coatings, and chemical synthesis drive their demand globally.

The paints & coatings application was the largest application of solvents in 2019, in terms of both, value and volume
By application, the paints & coatings segment led the solvents market in 2019, in terms of both value and volume.This was due to the demand for construction chemicals which led to their increasing usage in the paints & coatings application.

In addition, rapid growth in population, accompanied by the growing automotive industry across the globe, boosted the growth of solvents segment in the paints & coatings application.Also, growth of the automotive, OEM, machinery, and appliances markets globally drove demand for this application segment during the forecast period globally.

However, the market for solvents in paints & coatings segment witnessed negative growth from 2019 to 2020. This is owing to less demand for paints & coatings as construction and automotive sectors were hit hard due to COVID-19, thereby leading to its decline.

The APAC is projected to lead the solvents market between 2020 and 2025, in terms of both, value and volume
The solvents market has been studied for North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa.The APAC region is expected to lead the solvents market during the forecast period.

It is also estimated to witness highest CAGR during the forecast period.This is owing to the increasing demand from emerging economies, such as China and India.

In addition, rapid industrialization and urbanization accompanied by the rising demand for personal care, and home care are expected to contribute to the growth of the solvents market in the region.Middle East & Africa is estimated to grow at the second-highest CAGR during the forecast period.

The region accounts for half of the world’s oil reserves and 40% of the world’s gas reserves. This is driving the production of petrochemicals, which in turn, is expected to fuel the growth of the solvents market. Additionally, growth in building & construction activities and growing demand for automobiles are expected to drive the demand for solvents in the paints & coatings application, during the forecast period. Also, the personal care market is growing in the region, and, in turn, fueling the growth of the solvents market.

Breakdown of Primaries:
Primary interviews have been conducted with a number of industry experts to obtain information related to the solvents market. The breakdown of primary interviews has been depicted below:
• By Company Type: Tier 1 - 70%, Tier 2 - 20%, and Tier 3 - 10%
• By Designation: C-Level Executives - 25%, Directors - 35%, and Others - 40%
• By Region: APAC - 38%, North America – 33%, Europe - 14%, Middle East & Africa – 10%, and South America- 5%

The key players profiled in this report are Royal Dutch Shell Plc. (Netherlands), Eastman Chemical Company (US), BASF SE (Germany), ExxonMobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Global Holdings Inc. (US), Celanese Corporation (US), Huntsman Corporation (US), Solvay SA (Belgium), Honeywell International Inc. (US), and INEOS Group AG (UK) among others.

Research Coverage
This report segments the solvents market on the basis of source, product type, application, and region.It provides estimations for the overall value of the solvents market and its subsegments across various regions.

A detailed analysis of key players in the solvents market has been conducted to provide insights into their businesses, products & services offered, key growth strategies adopted, and recent developments undertaken by them, such as expansions, acquisitions, agreements, joint ventures, and new product launches.

Reasons to Buy this Report
This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the grease market; high-growth regions; and market drivers, restraints, challenges and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on solvents offered by top players in the global market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for solvents across regions
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global solvents market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the solvents market

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Zinc Chemical Market - Growth, Trends, and Forecast (2020 - 2025)

  • $ 4250
  • November 2020
  • 162 pages

The market for zinc chemical is expected to grow at a CAGR of about 5% globally during the forecast period. Zinc is a chemical element. It is a bluish-white metal having shiny surface. Zinc boil & vaporizes ...

  • APAC
  • Construction
  • Paint And Coating
  • Industry analysis
  • Gross Domestic Product
  • Vehicle Production


Reportlinker.com © Copyright 2022. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on