Global Solvents Market 2017-2021

  • Published: Jun 2017
  • Pages: 84
  • SKU: IRTNTR12987

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This industry research report identifies Ashland, The Dow Chemical Company, BASF, ExxonMobil, and Huntsman as the key vendors in the global solvents market. This industry research report also presents a detailed analysis of the market by source (green and bio-based solvents and conventional solvents), by application (paints and coatings, pharmaceuticals, printing inks, adhesives, and cleaning products), and by geography (the Americas, APAC, and EMEA).

Overview of the global solvents market

Market research analysts at Technavio predict that the global solvents market will grow steadily at a CAGR of over 5% by 2021. This market research analysis identifies the increase in environmental awareness and the shift towards green and bio-based solvents as the primary growth factors for this market. The unpredictability of petroleum-based raw materials and the growing demand for sustainable products have compelled several chemical producers to shift from conventional solvents to bio-based solvents since they offer benefits various including reduced environmental pollution, conservation of resources, and less energy consumption. Additionally, high volumes of biofuels have generated huge opportunities for bio-based solvents such as bio-ethanol and its derivatives or vegetable oil products such as glycerol and biodiesel.

One of the latest trends that will gain traction in the solvents market in the coming years is the growing demand from the emerging economies. The growing metal industry and the abundance of natural resources in emerging economies will contribute to the growth of many industries such as construction and automotive, thereby driving the overall solvent-based coatings market and is fostering the growth of the solvents market. Furthermore, the rising investments in both the infrastructure and non-residential sectors and the improvements in the existing road, railway, and airport systems will also contribute to the growth of this market.

Competitive landscape and key vendors

The solvents market appears to be highly fragmented due to the presence of many established vendors. Vendors in this market compete based on factors such as innovation, price, operational cost, and product quality. The competitive environment in the market is expected to intensify during the forecast period with the increase in product extensions in terms of innovation in technology. Players with greater financial, technological, and other resources can withstand the changes in market conditions.

The leading vendors in the market are -

  • Ashland
  • The Dow Chemical Company
  • BASF
  • ExxonMobil
  • Huntsman

The other prominent vendors in the market include Archer Daniel Midlands, Arkema, BioAmber, BP, Cargill, Celanese, Chevron Phillips Chemical, Eastma Chemical, Flotek Industries, Honeywell International, INEOS, Invista, LyondellBasell, Monument Chemical, Olin, Shell Global, Solvay, and Top Solvent.

Segmentation by application and analysis of the solvents market

  • Paints and coatings
  • Pharmaceuticals
  • Printing inks
  • Adhesives
  • Cleaning products

During 2016, 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.

Geographical segmentation and analysis of the solvents market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. The increasing growth of the population in this region, growth in the automobile, construction industries, and cosmetic products will fuel the growth of the solvents market. Furthermore, the increasing income of the middle-class individuals accompanied by significant investments in the chemical industry will also contribute to the market’s growth in this 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 solvents market?
  • What are the key market trends impacting the growth of the global solvents market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global solvents market?
  • What are the market opportunities and threats faced by the vendors in the global solvents market?
  • 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 solvents market?

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

To help businesses gain an in-depth knowledge of the chemicals and materials industry, Technavio provides a wide array of industry research report on related industries as metals and minerals, additives, adhesives, and sealants, and bio-chemicals and bio-materials markets. The upcoming report on the global solvents market provides the client with a complete overview of the market regarding market size, growth potential, and demand across key geographies.

Research analysts at Technavio follow extensive primary and secondary research methodologies in order to gather data from customers, manufacturers, consumers, and other key stakeholders. The upcoming report on the global solvents market also considers the growth of global bio-based platform chemicals market and global bromine market, which are expected to grow at a CAGR of 11% and 6%, respectively, for the forecast period of 2017 to 2021. Even though these solvents are banned for use in individual terms, they are permitted to be used as mixes in coatings.

The upcoming report on the global exempt solvent market also considers key market drivers, emerging trends, technological advancements, and opportunities and challenges faced by the industry. The report also considers the growth of glass and ceramics, agrochemicals and fertilizers, olefins, and chemical engineering equipment.

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights
  • Market overview

PART 05: Market landscape

  • Global solvents market
  • Five forces analysis

PART 06: Market segmentation by source

  • Global solvents market by source
  • Global green and bio-based solvents market
  • Global conventional solvents market

PART 07: Market segmentation by application

  • Global solvents market by application
  • Global solvents market for paints and coatings
  • Global solvents market for pharmaceuticals
  • Global solvents market for printing inks
  • Global solvents market for adhesives
  • Global solvents market for cleaning products
  • Global solvents market for other applications

PART 08: Geographical segmentation

  • Global solvents market by geography
  • Solvents market in APAC
  • Solvents market in Americas
  • Solvents market in EMEA

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Impact of drivers on key regions
  • Market challenges
  • Impact of challenges on key regions

PART 11: Market trends

  • Favorable government regulations for bio-based solvents
  • Emerging opportunities of soy-based solvents
  • Demand from emerging economies

PART 12: Vendor landscape

  • Competitive scenario
  • Ashland
  • The Dow Chemical Company
  • BASF
  • ExxonMobil
  • Huntsman
  • Other prominent vendors

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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