+1-888-308-5802     
News Contact Us

Hydrocarbon Industrial Solvents Market from paints & coatings application to hit $4bn by 2024

Author : Ronak Bora | Published Date : 2019-08-07 

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.

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.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2706

Industrial solvents are often used to dissolve ingredients and empower various solutions & manufacturing processes. They offer additional value in cosmetics, paints & coatings, adhesives, and lubricants because of their high solvency rate. For instance, Isopropyl alcohol is a multi-use solvent, which is often used as disinfectant in homes, and as an industrial solvent to dissolve substances, such as resins and oils, in production processes across various industries. The growth in manufacturing sector coupled with favorable regulatory outlook, especially in emerging economies, would positively favor industrial solvents market growth in the ensuing years.

The global paints & coatings market is anticipated to witness an upswing in terms of revenue in the approaching years, due to rising adoption across the building and construction sector. The paints & coatings industry is one of the biggest consumers of industrial solvents, attributable to the capability of solvents to disperse or dissolve the components in paint formation, to create paints of the desired consistency and eliminate globs or clumps.

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.

Having realized the immense potential of the industrial solvents market, prominent companies such as Shell, Arkema, Honeywell, BASF, and Total have made considerable investments in R&D programs and product innovation to serve the evolving consumer demand better. Powered by the rapid expansion of the paints & coatings applications in tandem with growing infrastructure industry, the industrial solvents market is projected to attain commendable gains in the approaching years.

Glimpse of Table of Content (ToC)

            Chapter 3    Industrial Solvents Market Insights

3.1   Industry segmentation

3.2   Industry size and forecast, 2013 – 2024

3.3   Industry ecosystem analysis

3.3.1   Vendor matrix

3.3.2   Distribution channel analysis

3.3.2.1   Collaborations/Partnerships

3.3.2.2   Distributors

3.4   Raw material analysis

3.5   Regulatory/Legislative framework

3.5.1   North America

3.5.1.1   U.S.

3.5.1.2   Canada

3.5.2   Europe

3.6   Pricing analysis

3.6.1   Regional Pricing

3.6.1.1   Oxygenated Solvents

3.6.1.1.1   Alcohol solvents

3.6.1.1.2   Ketone solvents

3.6.1.1.3   Glycol solvents

3.6.1.1.4   Other oxygenated solvents

3.6.1.2   Halogenated Solvents

3.6.1.2.1   Chlorinated solvents

3.6.1.2.2   Other halogenated solvents

3.6.1.3   Hydrocarbon Solvents

3.6.1.3.1   Aliphatic solvents

3.6.1.3.2   Aromatic solvents

3.6.1.4   Green  Solvents

3.6.1.4.1   Bio-alcohol solvents

3.6.1.4.2   Bio-diol solvents

3.6.1.4.3   Bio-glycol solvents

3.6.1.4.4   Methyl soyate solvents

3.6.1.4.5   D-limonene solvents

3.6.1.4.6   Lactate ester solvents

3.6.1.4.7   Other green  solvents

3.7   Industry impact forces

3.7.1   Growth drivers

3.7.1.1   North America

3.7.1.1.1   Increasing demand of solvents in cosmetic industry

3.7.1.1.2   Growth in solvents recycling market

3.7.1.2   Europe: Increasing adhesive & sealants market in automotive sector

3.7.1.3   Asia Pacific: Growing demand for solvents in paints & coatings industry

3.7.2   Industry pitfalls & challenges

3.7.2.1   Availability of substitute products to synthetic solvents

3.7.2.2   Environmental impact

3.7.2.3   Ban on fluorocarbons in North America

3.8   Growth potential analysis, 2017

3.8.1   Emerging Business Models

3.8.1.1   New product launch

3.8.1.2   Acquisition

3.9   Porter’s analysis

3.10   Competitive landscape, 2017

3.10.1    Strategy dashboard

3.11   PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/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

Fragrance Ingredients Market to cross 1.5 million tons consumption by 2024

Published Date: 2019-12-02         Author: Ronak Bora

Fragrance Ingredients Market growth will be driven by rising demand for beauty products along with increasing number of working women populations. These ingredients are added to products in order to give pleasant aroma. Growing purchaser expenditure on beautification along with increasing aging popu... Read More

Ammonium Nitrate Market is projected to showcase significant growth from agriculture sector over 2019-2025

Published Date: 2019-12-02         Author: Ronak Bora

Ammonium Nitrate Market growth is propelled by increasing usage of fertilizers in agriculture to keep the soil healthy and nutrients rich in order to feed the growing population. Advanced agricultural technologies such as efficient fertilization methods are certainly required to meet the global dema... Read More

Lubricants Market Outlook – The fluids sector has been stimulating the global industry

Published Date: 2019-12-02         Author: Ronak Bora

Lubricants Market size in the fluids sector is likely to rise with a CAGR of 8.6% over the coming years. These process oils have a wide utility in technical and chemical sectors for lubrication. Booming demand of chemicals especially in Asia Pacific region is likely to increase the productivity of f... Read More

© 2019 Fractovia. All Rights Reserved