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Solvents Market

Solvents Market (Product Type: Alcohol-based Solvents, Hydrocarbon Solvents, Ketone-based Solvents, Ester Solvents, Chlorinated Solvents, and Others; and Application: Paints and Coatings, Printing Inks, Pharmaceuticals, Adhesives and Cosmetics, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Solvents Market Outlook 2031

  • The global solvents market was valued at US$ 31.3 Bn in 2020
  • It is estimated to expand at a CAGR of 3.4% from 2021 to 2031
  • The global solvents market is expected to reach the value of US$ 45.2 Bn by the end of 2031

Analysts’ Viewpoint on Solvents Market Scenario

On-demand products and services are gaining prominence in the solvents market, owing to personalized demands of clients, customers, and partners during the ongoing coronavirus crisis. The paints & coatings industry has been facing several problems due to lack of constant suppliers of solvents that can deliver on time and with consistent quality. Hence, manufacturers should gain cognizance about these issues and improve their services apart from making product developments. On the other hand, manufacturers are boosting the production of solvent inks that are suitable for long-term banners and vinyls.

Distillative Separation and Specialty Production Capabilities Help Manufacture High-purity Solvents

High purity solvents are important raw materials for a range of demanding applications. Pharmaceuticals and electronics industries hold lucrative incremental opportunities for manufacturers in the solvents market. As such, manufacturers are acquiring proficiency in distillative separation and specialty production capabilities to increase the availability of high purity solvents. They are boosting output capacities for high purity hydrocarbons whilst ensuring the security of supply for their production processes.

Manufacturers are building their product portfolio in hydrocarbons such as aliphatic, alicyclic, and aromatic hydrocarbons.

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Contingency Planning Overcomes Supply Chain Hiccups during Coronavirus Crisis

Manufacturers in the solvents market are maintaining optimum inventory levels for raw materials to ensure robust supply of products during the ongoing coronavirus crisis. They are focusing on key revenue generating industries such as pharmaceuticals, cleaning agents and paints to keep economies running. Companies in the solvents market are devising strategies to overcome supply chain hiccups. This is being achieved by adopting contingency planning which helps to overcome volatile demand and supply sentiments.

The growing uncertainty stemming from the pandemic has compelled manufacturers to bolster local production capabilities to reduce dependence on other countries. They are tapping revenue opportunities in positive or limited negative impact industries to revive the global economy. The proliferation of eCommerce and mobile shopping apps is acting as key driver to boost sales of end products.

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Is Isopropyl Alcohol Ideal for Cleaning Electronics?

Manufacturers in the solvents market are boosting the production of alcohol-based solvents such as isopropyl alcohol used in the cleaning of electronics. However, users need to take into consideration its material compatibility and safe handling requirements. Hence, manufacturers of chemical products for electronics are educating users about the advantages and disadvantages of isopropyl alcohol.

Isopropyl alcohol is associated with poor material compatibility with electronics made from polycarbonate and polystyrene. Moreover, ventilation, storage, personal protective equipment (PPE), and proper disposal of isopropyl alcohol are necessary. Hence, manufacturers in the solvents market are increasing awareness about the pros and cons of isopropyl alcohol usage for cleaning of electronics.

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Leading-edge Coatings and Paints Offer Long-lasting Protection Owing to Solvent Formulations

Solvents play an instrumental role in the production of paints and coatings. Manufacturers in the solvents market are establishing stable revenue sources in the paints & coatings industry. However, paint manufacturers face issues of contamination in paint products due to unwanted or wrong aromatics. Hence, manufacturers are increasing the availability of high purity solvents with the help of strict quality checks.

It has been found that paints and coatings made with solvents can dry relatively faster as compared to alternatives having low solvent content at room temperature. Such findings are translating into revenue opportunities for manufacturers in the solvents market. Solvents in paints and coatings make its application fast and easy in various end-use cases. Leading-edge coatings offer long lasting protection and brilliant performance with the help of solvent formulations.

Long-term Outdoor Banners and Vinyls Catalyze Demand for Solvent Inks

Ink solvents are significantly changing the solvents market. Ink solvents are oil-based solutions that are relatively inexpensive and compatible with inkjet printers. Manufacturers are increasing the production for solvent inks, since these inks are waterproof, which makes it resistant to fading and wearing. Different uncoated banners and vinyls are fueling the demand for solvent inks.

Solvent inks are being extensively used on outdoor products due to its ability to adhere to non-absorbent materials. These inks are ideal for long-term outdoor banners and vinyl, as it is able to resist fading for several years. As such regular cleaning of inkjet printers is necessary while using solvent inks in order to keep the printer running smoothly.

Solvents Market: Overview

  • Solvent is a chemical, which dissolves in a chemically different solute to form a solution. In the solution, solute and solvent are mixed and the molecules are uniformly distributed. Organic solvents are widely used in manufacturing industries and traditional solvent applications.
  • Conventional solvents can be further classified into alcohols, glycol ethers, hydrocarbons, ketones, acetate esters, and chlorinated solvents based on their chemical composition
  • Paints and coatings are used in abundance by manufacturing and construction industries, which have witnessed exemplary growth of late. Expansion of the construction sector in BRIC nations has been driving the demand for solvents.
  • In addition, solvents are extensively used in applications such as printing inks, pharmaceuticals, sealant, and adhesives; and the demand generated from these applications for organic solvents has been driving the market. However, the volatile pricing of crude oil in the international market and environmental issues are restraining the market.
  • On the other hand, mounting regulatory pressure regarding the use of organic solvents has opened up avenues for alternate “green solvents”, which are atmosphere friendly and pose little or no health hazards to the people exposed to it

Alcohol-based Solvents to Lead Global Market

  • Alcohol-based solvents emerged as the leading product segment with the largest market share of 30.3% terms of volume in 2020
  • Hydrocarbon solvents followed alcohol-based solvents segment in terms of market volume share. It is projected to lose market share in the next few years to other types of solvents. Other solvents including bio-based solvents are expected to witness fastest growth during the forecast period, due to their eco-friendly properties. Chlorinated solvents have the smallest market share mainly due to the toxic effects of these solvents.

Paints and Coatings Application Segment to Hold Dominant Share

  • Applications of solvents include paints and coatings, printing inks, pharmaceuticals, cosmetics & adhesives, and others (including cleaning and de-icing)
  • Paints and coatings emerged as the largest consumer of solvents with a market share of 62.6% in 2020. Organic solvents are used in paints to dissolve colors and binders, and provide consistency in application of the paint. Along with being the market leading application of solvents, it is also expected to be the fastest growing application over the forecast period.
  • Solvents are also widely used in pharmaceutical drug manufacturing process. However, industries are taking efforts to minimize the usage of solvents in order to reduce toxicity levels in medicines. Thus, their consumption is expected to decline in the pharmaceutical industry.

Asia Pacific to Dominate Solvents Market

  • Asia Pacific accounted for more than 40% of the global solvents market in 2020
  • Demand for solvents in Asia Pacific is expected to rise owing to heavy industrialization and rising population. Pharmaceuticals, paints, and cosmetics are the major end users of solvents in the region.
  • Europe accounted for the second largest share of the global solvents market in terms of demand
  • Germany, France, and the U.K. are key consumers of solvents in Europe
  • The solvents market in North America, primarily the U.S. and Canada is one of the major markets of the globe. The market in the region is expected to expand at a CAGR of 3.4% during the forecast period.

Solvents Market: Competition Landscape

  • Key players profiled in the report include
    • BASF SE
    • Celanese Corporation
    • Dow Chemical Company
    • Exxon Mobil Corporation
    • Maruzen Petrochemical
    • Shell Chemical
    • Sasol Solvents
    • Solvay Chemicals
  • Prominent companies are entering into mergers and acquisitions to gain a better stronghold in the market

Solvents Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 31.3 Bn

Market Forecast Value in 2031

US$ 45.2 Bn

Growth Rate (CAGR)

3.4%

Forecast Period

2021-2031

Quantitative Units

US$ Bn for Value & Kilo Tons for Volume

Competition Landscape

Company Profiles section includes overview, product portfolio, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Product Type
    • Alcohol-based Solvents
    • Hydrocarbon Solvents
    • Ketone-based Solvents
    • Ester Solvents
    • Chlorinated Solvents
    • Other Solvents (Bio-solvents and Glycols)
  • Application
    • Paints and Coatings
    • Printing Inks
    • Pharmaceuticals
    • Cosmetics and Adhesives
    • Others (Cleaning and Deicing)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Countries Covered

  • U.S.
  • Canada
  • Germany
  • France
  • U.K.
  • Italy
  • Russia & CIS
  • China
  • Japan
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • BASF SE
  • British Petroleum
  • Celanese Corporation
  • Dow Oxygenated Solvents
  • DuPont
  • ExxonMobil Chemical Ltd.
  • Huntsman International LLC
  • Maruzen Petrochemical Co Ltd
  • Shell Chemicals
  • Sasol Solvents
  • Solvay Chemicals

Customization Scope

Available upon Request

Pricing

Available upon Request

Solvents Market – Segmentation

TMR’s research study assesses the global solvents market in terms of product type, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and how they are influencing growth prospects of the global solvents market.

Product Type
  • Alcohol-based Solvents
  • Hydrocarbon Solvents
  • Ketone-based Solvents
  • Ester Solvents
  • Chlorinated Solvents
  • Other Solvents (including Bio-solvents and Glycols )
Application
  • Paints and Coatings
  • Printing Inks
  • Pharmaceuticals
  • Cosmetics and Adhesives
  • Others (including Cleaning and Deicing)
Region
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Frequently Asked Questions

What is the Solvents Market Size?

Solvents Market is projected to reach US$ 45.2 Bn by the end of 2031

What is the CAGR for Solvents Market?

Solvents Market is expected to grow at a CAGR of 3.4% during 2021-2031

What are the key factors driving the growth of Solvents Market?

Rise in demand for solvents in printing inks, pharmaceuticals, sealant, and adhesives applications is expected to drive the Solvents Market

Which region is more attractive for vendors in the Solvents Market?

Asia Pacific is a more attractive region for vendors in the Solvents Market

Who are the key players in the Solvents Market?

Key vendors in the Solvents Market are Dow Chemical Company, Celanese Corporation, BASF SE, Maruzen Petrochemical, Exxon Mobil Corporation, Sasol Solvents and others

1. Preface

    1.1. Report Description

    1.2. Market Segmentation

    1.3. Research Methodology

2. Executive Summary

    2.1. Global Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons) (US$ Bn)

    2.2. Global Solvents Market Snapshot, 2020 & 2031

3. Solvents - Industry Analysis

    3.1. Introduction

        3.1.1. Common Classes of Organic Solvents

    3.2. Value Chain Analysis

    3.3. Market Drivers

        3.3.1. Growing Construction Industry in BRIC Nations

        3.3.2. Growing Demand from End-Use Industries

    3.4. Restraints

        3.4.1. Volatile Raw Material Prices

        3.4.2. Environmental Issues

    3.5. Opportunities

        3.5.1. Development of Bio-Based Solvents

    3.6. Porter’s Five Forces Analysis

        3.6.1. Bargaining Power of Suppliers

        3.6.2. Bargaining Power of Buyers

        3.6.3. Threat from New Entrants

        3.6.4. Threat from Substitutes

        3.6.5. Degree of Competition

    3.7. Solvents: Market Attractiveness Analysis

    3.8. Solvents: Company Market Share Analysis, 2020

4. Solvents Market: Product Segment Analysis

    4.1. Global Solvents Market: Product Overview

        4.1.1. Global Solvent Market Volume Share, by Product Type, 2020-2031

    4.2. Global Solvents Market, by Product Type

        4.2.1. Alcohol Based Solvents

            4.2.1.1. Global Alcohol Based Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

        4.2.2. Hydrocarbon Solvents

            4.2.2.1. Global Hydrocarbon Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

        4.2.3. Ketone Based Solvents

            4.2.3.1. Global Ketone Based Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

        4.2.4. Ester Solvents

            4.2.4.1. Global Ester Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

        4.2.5. Chlorinated Solvents

            4.2.5.1. Global Chlorinated Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

        4.2.6. Other Solvents (Including Bio-Solvents and Glycols)

            4.2.6.1. Global Other Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

5. Solvents Market: Application Analysis

    5.1. Global Solvents Market, Application Overview

        5.1.1. Global Solvent Market Volume Share, by Application, 2020-2031

    5.2. Global Solvents Market, by Application

        5.2.1. Paints and Coatings

            5.2.1.1. Global Demand for Solvents from Paints and Coatings Industry, 2020 – 2031 (Kilo Tons), (US$ Bn)

        5.2.2. Printing Inks

            5.2.2.1. Global Demand for Solvents from Printing Inks Industry, 2020-2031 (Kilo Tons), (US$ Bn)

        5.2.3. Pharmaceuticals

            5.2.3.1. Global Demand for Solvents from Pharmaceutical Industry, 2020-2031 (Kilo Tons), (US$ Bn)

        5.2.4. Cosmetics and Adhesives

            5.2.4.1. Global Demand for Solvents from Cosmetics and Adhesives Industries, 2020-2031 (Kilo Tons), (US$ Bn)

        5.2.5. Other (Including Cleaning, De-Icing, Etc.)

            5.2.5.1. Global Demand for Solvents from Other Industries, 2020 – 2031 (Kilo Tons), (US$ Bn)

6. Solvents Market: Regional Analysis

    6.1. Global Solvents Market: Regional Overview

        6.1.1. Global Solvents Market Volume Share, by Region, 2020-2031

    6.2. Global Solvents Market, Regional Overview

        6.2.1. North America

            6.2.1.1. North America Solvents Market Estimates and Forecast, 2020–2031 (Kilo Tons) (US$ Bn)

                6.2.1.1.1. North America Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

                6.2.1.1.2. North America Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

                6.2.1.1.3. North America Solvents Market Volumes by Application 2020-2031(Kilo Tons)

                6.2.1.1.4. North America Solvents Market Revenues by Application 2020-2031 (US$ Bn)

        6.2.2. Europe

            6.2.2.1. Europe Solvents Market Estimates and Forecast, 2020 – 2031 (US$ Bn)

                6.2.2.1.1. Europe Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

                6.2.2.1.2. Europe Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

                6.2.2.1.3. Europe Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

                6.2.2.1.4. Europe Solvents Market Revenues by Application 2020-2031 (US$ Bn)

        6.2.3. Asia Pacific

            6.2.3.1. Asia Pacific Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

                6.2.3.1.1. Asia Pacific Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

                6.2.3.1.2. Asia Pacific Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

                6.2.3.1.3. Asia Pacific Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

                6.2.3.1.4. Asia Pacific Solvents Market Revenues by Application 2020-2031 (US$ Bn)

        6.2.4. Middle East & Africa

            6.2.4.1. Middle East & Africa Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

                6.2.4.1.1. Middle East & Africa Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

                6.2.4.1.2. Middle East & Africa Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

                6.2.4.1.3. Middle East & Africa Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

                6.2.4.1.4. Middle East & Africa Solvents Market Revenues by Application 2020-2031 (US$ Bn)

        6.2.5. Latin America

            6.2.5.1. Latin America Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

                6.2.5.1.1. Latin America Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

                6.2.5.1.2. Latin America Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

                6.2.5.1.3. Latin America Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

                6.2.5.1.4. Latin America Solvents Market Revenues by Application 2020-2031 (US$ Bn)

7. Company Profiles

    7.1. BASF SE

        7.1.1. Company Overview

        7.1.2. Financial Overview

        7.1.3. Business Strategies

        7.1.4. SWOT Analysis

        7.1.5. Recent Developments

    7.2. British Petroleum

        7.2.1. Company Overview

        7.2.2. Financial Overview

        7.2.3. Business Strategy

        7.2.4. SWOT Analysis

        7.2.5. Recent Developments

    7.3. Celanese Corporation

        7.3.1. Company Overview

        7.3.2. Financial Overview

        7.3.3. Business Strategies

        7.3.4. SWOT Analysis

        7.3.5. Recent Developments

    7.4. Dow Oxygenated Solvents

        7.4.1. Company Overview

        7.4.2. Financial Overview

        7.4.3. Business Strategies

        7.4.4. SWOT Analysis

        7.4.5. Recent Developments

    7.5. DuPont

        7.5.1. Company Overview

        7.5.2. Financial Overview

        7.5.3. Business Strategies

        7.5.4. SWOT Analysis

        7.5.5. Recent Developments

    7.6. ExxonMobil Chemical Ltd.

        7.6.1. Company Overview

        7.6.2. Financial Overview

        7.6.3. Business Strategy

        7.6.4. SWOT Analysis

        7.6.5. Recent Developments

    7.7. Huntsman International LLC

        7.7.1. Company Overview

        7.7.2. Financial Overview

        7.7.3. Business Strategy

        7.7.4. SWOT Analysis

        7.7.5. Recent Developments

    7.8. Maruzen Petrochemical Co Ltd

        7.8.1. Company Overview

        7.8.2. Business Strategy

        7.8.3. SWOT Analysis

        7.8.4. Recent Developments

    7.9. Shell Chemicals

        7.9.1. Company Overview

        7.9.2. Financial Overview

        7.9.3. Business Strategy

        7.9.4. SWOT Analysis

        7.9.5. Recent Developments

    7.10. Sasol Solvents

        7.10.1. Company Overview

        7.10.2. Financial Overview

        7.10.3. Business Strategy

        7.10.4. SWOT Analysis

        7.10.5. Recent Developments

    7.11. Solvay Chemicals

        7.11.1. Company Overview

        7.11.2. Financial Overview

        7.11.3. Business Strategies

        7.11.4. SWOT Analysis

        7.11.5. Recent Developments

List of Tables

Table 1: Global Solvents Market Snapshot, 2020 & 2031

Table 2: Drivers of the Solvent Market: Impact Analysis

Table 3: Restraints of the Solvents Market: Impact Analysis

Table 4: List of Commonly Used Solvents as Per the UK Safety Standards

Table 5: North America Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

Table 6: North America Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

Table 7: North America Solvents Market Volumes by Application 2020-2031(Kilo Tons)

Table 8: North America Solvents Market Revenues by Application 2020-2031 (US$ Bn)

Table 9: Europe Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

Table 10: Europe Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

Table 11: Europe Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

Table 12: Europe Solvents Market Revenues by Application 2020-2031 (US$ Bn)

Table 13: Asia Pacific Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

Table 14: Asia Pacific Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

Table 15: Asia Pacific Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

Table 16: Asia Pacific Solvents Market Revenues by Application 2020-2031 (US$ Bn)

Table 17: Middle East & Africa Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

Table 18: Middle East & Africa Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

Table 19: Middle East & Africa Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

Table 20: Middle East & Africa Solvents Market Revenues by Application 2020-2031 (US$ Bn)

Table 21: Latin America Solvents Market Volumes by Product Type 2020-2031(Kilo Tons)

Table 22: Latin America Solvents Market Revenues by Product Type 2020-2031(US$ Bn)

Table 23: Latin America Solvents Market Volumes by Application 2020-2031 (Kilo Tons)

Table 24: Latin America Solvents Market Revenues by Application 2020-2031 (US$ Bn)

List of Figures

Figure 1: Solvents: Market Segmentation

Figure 2: Global Solvents Market Estimates and Forecast, 2020 - 2031 (Kilo Tons) (US$ Bn)

Figure 3: Solvent Market: Value Chain Analysis

Figure 4: Construction CAGR (2017-2020) In BRIC Countries, 2020 (US$ Bn)

Figure 5: Break-Up of Construction Spending In BRIC, 2020

Figure 6: Revenue and CAGR of Paints & Coating Market in BRIC (2007-2020)

Figure 7: Global Pharmaceuticals Market, 2017 - 2020 (US$ Bn)

Figure 8: Global WTI Crude Oil Price Trend Estimate and Forecast, 2014 – 2031 (USD/Barrel)

Figure 9: Porter’s Five Forces Analysis for Solvents Market

Figure 10: Global Solvents Market By Product: Market Attractiveness Analysis

Figure 11: Solvents: Company Market Share Analysis, 2020

Figure 12: Global Solvents Market Volume Share by Product Type, 2020 & 2031

Figure 13: Global Alcohol Based Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 14: Global Hydrocarbon Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 15: Global Ketone Based Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 16: Global Ester Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 17: Global Chlorinated Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 18: Global Other Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 19: Global Solvents Market Volume Share By Application, 2020 & 2031

Figure 20: Global Demand for Solvents from Paints and Coatings Industry 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 21: Global Demand for Solvents from Printing Inks Industry, 2020-2031 (Kilo Tons), (US$ Bn)

Figure 22: Global Demand for Solvents from Pharmaceutical Industry, 2020-2031 (Kilo Tons), (US$ Bn)

Figure 23: Global Demand for Solvents from Cosmetic and Adhesive Industries, 2020-2031 (Kilo Tons), (US$ Bn)

Figure 24: Global Other Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 25: Global Solvents Volume Market Share By Region, 2020 & 2031

Figure 26: North America Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 27: Europe Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 28: Asia Pacific Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 29: Middle East & Africa Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

Figure 30: Latin America Solvents Market Estimates and Forecast, 2020 – 2031 (Kilo Tons), (US$ Bn)

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