Solvent Market is Expected to Reach USD 31.63 Billion by 2020Chemicals ResearchUpdated on Aug 8, 2014 View more like this | Visit SAN FRANCISCO, CA | Contact Andrew Smith |
The global market for solvents is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.
Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.
The report “Solvent Market Analysis By Product (Hydrocarbons, Alcohols, Esters, Ketones, Chlorinated) By Application (Printing Inks, Paints And Coatings, Pharmaceuticals, Adhesives & Cosmetics) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at
http://www.grandviewresearch.com/industry-analysis/solvent-market
Alcohol based solvents emerged as the leading product segment and accounted for 29.8% of total market volume in 2013. Along with being the largest product segment, alcohol based solvents is also expected to be the fastest growing products, at an estimated CAGR of 3.5% from 2014 to 2020. Alcohol based solvents were followed by hydrocarbons which are expected to exceed a market worth USD 8 billion by 2020.
The report “Solvent Market Analysis By Product (Hydrocarbons, Alcohols, Esters, Ketones, Chlorinated) By Application (Printing Inks, Paints And Coatings, Pharmaceuticals, Adhesives & Cosmetics) And Segment Forecasts To 2020” is available now to Grand View Research customers and can also be purchased directly at
http://www.grandviewresearch.com/industry-analysis/solvent-market
