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Oxygenated Solvents Market

Development in ventures like paints and coatings, drugs, individual consideration, ointments, and harvest security is projected to drive the oxygenated solvents market across the globe. Gainful properties, such as low poisonousness and high dissolvability power are likewise boosting the oxygenated solvents market. Nonetheless, execution of guidelines on VOC outflows is required to control the oxygenated solvents market. Oxygenated dissolvable is a natural dissolvable, which contains oxygen particles. It is widely utilized in paints, drugs, inks, aromas, glues, beautifying agents, cleansers, food, agrochemicals, and cleaning items. Oxygenated solvents incorporate alcohols, glycol ethers, methyl acetic acid derivation, ethyl acetic acid derivation, ketones, esters, and glycol ether/esters. They can likewise be utilized for substance blend. Besides, they can be utilized as diluents, coupling specialists, or other practical added substances in different sorts of definitions.

The bio and green dissolvable sector is likely to extend rapidly, attributed to the use of sustainable sources as crude materials. Bio and green solvents are assessed to supplant regular oxygenated solvents in locales with rigid guidelines on VOC discharges. Notwithstanding, this can be accomplished through diminished expense of solvents. The traditional solvents section is expected to extend at high speed in non-industrial nations like India and Indonesia, wherein there is absence of guideline, attributable to the generally minimal expense of solvents.

Oxygenated solvent is an organic solvent, which contains oxygen molecules. It is extensively used in paints, pharmaceuticals, inks, fragrances, adhesives, cosmetics, detergents, food, agrochemicals, and cleaning products. Oxygenated solvents include alcohols, glycol ethers, methyl acetate, ethyl acetate, ketones, esters, and glycol ether/esters. They can also be used for chemical synthesis. Furthermore, they can be employed as diluents, coupling agents, or other functional additives in various types of formulations.

Growth in industries such as paints & coatings, pharmaceuticals, personal care, lubricants, and crop protection is expected to drive the oxygenated solvents market across the globe. Beneficial properties such as low toxicity and high solvency power are also boosting the oxygenated solvents market. However, implementation of regulations on VOC emissions is expected to restrain the oxygenated solvents market during the forecast period.

Based on source, the oxygenated solvents market can be segmented into conventional solvents and bio & green solvents. In terms of product type, the market can be divided into alcohols, glycol ethers, acetates, glycol ether acetates, ketones, esters, aldehydes, and others. Based on key property, the oxygenated solvents market can be segregated into coupling agent, floatation froth building blocks, and shrinkage reduction admixture. In terms of end-user industries, the market can be split into automotive & transportation, building & construction, chemical & plastic, consumer goods, food & agrochemicals.

The bio & green solvent segment is expected to expand at a rapid pace in the near future. This growth can be ascribed to the usage of renewable sources as raw materials. Bio & green solvents are estimated to replace conventional oxygenated solvents in regions with stringent regulations on VOC emissions. However, this can be achieved through reduced cost of solvents. The conventional solvents segment is anticipated to expand at fast pace in developing countries such as India and Indonesia, wherein there is lack of regulation, owing to the relatively low cost of solvents.

In terms of region, in Asia Pacific, North America and Western Europe, the most number of major industries are located which are related to the applications of oxygenate solvents. Demand for oxygenated solvents is high in China and India. Asia Pacific has become the largest importer of oxygenated solvents. The oxygenated solvents market in the region is likely to expand at a fast pace, primarily driven by the high GDP growth rate and rising population with higher disposable income. Demand for personal care products and paints & coating agents is high which in turn leading to high demand for oxygenated solvents in the North America and Europe.

Key players operating in the oxygenated solvents market include BASF (Germany), OXEA (Germany), The Dow Chemical Company (the U.S.), ExxonMobil (the U.S.), Eastman Chemical Company (the U.S.), ARKEMA (France), Royal Dutch Shell (the Netherlands), lyondellbasell (the Netherlands), SINOPEC (China), and PETRONAS (Malaysia). 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Oxygenated Solvents Market