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GLOBAL APROTIC SOLVENT MARKET FORECAST 2017-2025

GLOBAL APROTIC SOLVENT MARKET FORECAST 2017-2025

  • September 2017
  • 110 pages
  • ID: 5106699

Summary

Table of Contents

KEY FINDINGS
The global aprotic solvent market was valued at $15702.8 million in the year 2016 and is expected to rise at a CAGR of 3.69%, generating $21653.7 million by the end of the forecast period of 2017-2025. The factors primarily responsible for propelling the market growth include a high demand from emerging economies and growing end-use industries. Countries like U.S., Russia, and those from the Middle East are the major exporters in the global market.

MARKET INSIGHTS
The global Aprotic solvent market is segmented based on the products and application. The products are further segmented into N-methyl-2-pyrrolidone (NMP), toluene, benzene, acetone, and others. Of these, toluene is the most popular product segment. The application segment is further classified into electronics, pharmaceuticals, oil & gas, paints & coatings, etc. The oil & gas segment is presently leading the market because of its increased global consumption.

REGIONAL INSIGHTS
The global Aprotic solvent market is highly dispersed into areas like North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. The Asia-Pacific market captured the largest market share (43%) of the global aprotic solvent market in the year 2016. This phenomenal market growth can be primarily attributed to the growing demand from major paints & coatings and the electronic industries in this market.

COMPETITIVE INSIGHTS
Product launch is the key strategy adopted by the various market players of the global Aprotic solvent market which includes companies like Eastman Chemical Company, Asahi Kasei Corporation, Mitsubishi Chemical Holdings Corporation, Ineos Group Ag, Celanese Corporation, BASF Se, Royal Dutch Shell Plc, Dupont, Dow Chemicals and Ashland Inc. These players are increasingly implementing organic and inorganic strategies for gaining an edge in the competitive market.

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