Industrial Solvents Market Demands Analysis and Growth Strategies till 2025
Category: #reports  By Rahul Sankrityayan  Date: 2020-06-03
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Industrial Solvents Market Demands Analysis and Growth Strategies till 2025

Industrial Solvents Market size was over USD 23.5 billion in 2017 and industry expects consumption at over 28 million tons by 2024.

Methyl soyate based green industrial solvents market size from adhesives application may witness gains at over 4.5% by 2024. The products are incorporated in automotive sector to control environmental pollution. Superior properties such as low toxicity, low evaporation rates, good flowability, anti-wear characteristics and natural multi-grade properties will create an upsurge in product demand.

Increasing product usage in personal care, cosmetics and paints & coatings industries will stimulate industrial solvents market size. Growth in R&D investments towards product usage in skincare items will propel industry growth over the time period.

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EPA has introduced rigorous solvent disposal method which has driven the industrial solvents market demand in North America region. Increasing sale of vehicles and use of adhesives & sealants in automotive has promulgated the product demand in automotive sector. The products are used in adhesives as they have no corrosive qualities and can be used on any material without a chemical reaction, thus propelling industry growth.

Growth drivers are

  1. North America:  
  • Increasing demand of solvents in cosmetic industry
  • Growth in solvents recycling market
  1. Europe: Increasing adhesive & sealants market in automotive sector
  2. Asia Pacific: Growing demand for solvents in paints & coatings industry

Split by application, Dill Seed Oil Market is divided into:

  • Paints & Coatings
  • Pharmaceuticals
  • Printing Inks
  • Household Care
  • Cosmetics
  • Adhesives
  • Polymer

North America driven by the U.S. oxygenated industrial solvents market demand is likely to witness significant gains at over 2.5% by the end of forecast period. Increasing demand for various cosmetic products owing to moisturizing properties is likely to drive product demand in the region. Growing demand for various skincare products which includes creams, lotions, makeup products may further fuel regional industry growth.

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/industrial-solvents-market

Europe green industrial solvents market size led by Germany, France and UK may surpass USD 1.5 billion by 2024. Shift in consumer preference towards eco-friendly and biodegradable products along with strict regulations to incur more of bio-based products and cut down production of synthetic products will drive regional industry growth.

Global industrial solvents market share is competitive and fragmented with key manufacturers including Honeywell, LyondellBasell, INEOS, BASF, Shell and DowDuPont. The companies are investing strongly on R&D to expand its bio-based product portfolio and making strategies for global presence.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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