Global Aprotic Solvents Market 2017-2021

Overview of the global aprotic solvents market

Research analysis on the global aprotic solvents market identifies that the increasing application in oil and gas and petrochemical industry will be one of the major factors that will have a positive impact on the growth of the market. The production of oil and gas highly relies on the chemical industry because several chemicals are used in hydraulic fracturing or fracking. In addition, oil and gas well operators select those chemicals that have the potential to increase the number of hydrocarbons from a single drilling. However, the rising trend for the production of oil from unconventional sources such as shale rock, deep ocean reserves, and tapped oil wells is propelling the need for aprotic solvents. The high-volume consumption of aprotic solvents in fracking and drilling applications from upstream oil and gas industry is positively influencing the market’s growth. Dimethylformamide is an aprotic solvent that is used in the petrochemical industry for the purification of acetylene from ethylene and butadiene. Technavio’s market research analysts predict that this global market will post a revenue of more than USD 19 billion by 2021.

The application of conventional solvents has adverse effects on both human health and the environment when they are used beyond the regulatory level due to the emission of volatile organic compound (VOC). This has forced regulatory authorities to restrict the application of conventional solvent-borne paints. Consequently, the growing use of bio-based solvents under government norms is identified as one of the key trends that will drive the growth prospects for the global aprotic solvents market in the forthcoming years.

Competitive landscape and key vendors

The aprotic solvents market is characterized by the presence of many established vendors. These players have a vast geographical presence with large production facilities located across the world. The increase in product extensions in terms of innovation in technology will strengthen the competitive environment of the market. Furthermore, vendors are increasingly competing against each other based on factors such as innovation, price, operational cost, and quality.

Key vendors in this market are -

• BASF
• DowDuPont
• Eastman Chemical Company
• INEOS
• Mitsui Chemicals
• Shell International

Other prominent vendors in the market include Asahi Kasei, Ashland, AlzChem, Celanese, Imperial Chemicals Corporation, and Nanjing Jinlong Chemical.

Segmentation by application and analysis of the aprotic solvents market

• Electronics and electrical
• Paints and coatings
• Pharmaceutical
• Oil and gas

The oil and gas segment includes both upstream and downstream application of oil and gas. The petrochemical industry extensively uses aprotic solvents for the separation of aromatics. Aprotic solvents are highly preferred as fracking fluids during oil drilling operations because it helps to increase the quantity of hydrocarbons.

Segmentation by geography and analysis of the aprotic solvents market

• Americas
• APAC
• EMEA

The adoption of aprotic solvents is increasing in various countries, especially in China and India due to the growth in the paints and coatings market in APAC. The penetration of solvents will continue to increase in the region throughout the predicted period due to the rising industrial activities.  The growing demand for cosmetic products will further boost the need for aprotic solvents in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global aprotic solvents market?
• What are the key market trends impacting the growth of the global aprotic solvents market?
• What are the challenges to market growth?
• Who are the key vendors in the global aprotic solvents market?
• What are the market opportunities and threats faced by the vendors in the global aprotic solvents market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global aprotic solvents market?

Technavio also offers customization on reports based on specific client requirement.