+1-888-308-5802     
News Contact Us

Industrial Solvents Market growth will be driven by increasing demand in the paints & coatings industry

Author : Ronak Bora | Published Date : 2019-04-12 

The Industrial Solvents Market is set to grow from its current market value of more than $23 billion to over $35 billion by 2024; as reported in the latest study by Global Market Insights, Inc.

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.

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.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2706

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.

Hydrocarbon industrial solvents market demand from paints & coatings application may surpass USD 4 billion by the end of forecast timeframe. Benzene, toluene and xylene have strong solvency and fast evaporation rate, thus enhancing its usage in paints & coatings industries. The products when applied in automotive paints & coatings, makes the vehicle water and dust resistant, thus stimulating industry growth.

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.

Make an inquiry for this report @ https://www.gminsights.com/inquiry-before-buying/2706

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.

Browse key industry insights spread across 900 pages with 1269 market data tables and 51 figures & charts from the report, “Industrial Solvents Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-solvents-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Space Launch Services Market in Satellite Payload Segment is Excepted to Observe High Growth Rate Over the Coming Years

Published Date: 2019-04-18         Author: Ronak Bora

The Space Launch Services Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the industry based on product segment, technology, end user ... Read More

Commercial Aircraft MRO Market Outlook | Drivers, Restraint & Future Growth Analysis by 2024

Published Date: 2019-04-18         Author: Ronak Bora

Global Market Insights, Inc. present the report on Commercial Aircraft MRO Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for th... Read More

Structured Cabling Market in Software Technologies Will Grow at A CAGR of Over 14% Over 2019 to 2025

Published Date: 2019-04-18         Author: Ronak Bora

The software technologies are expected to witness a high adoption in the structured cabling market and will grow at a CAGR of over 14% over the forecast timespan owing to the rise in demand for effective tools that will help to manage, maintain, and implement the cabling systems in IT environment. T... Read More

© 2019 Fractovia. All Rights Reserved