Global Solvents Market is growing at a CAGR of 7.8% from 2017 to 2025.

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Summary

The global Solvent market was valued at USD 21.40 billion in 2016 and is projected to reach USD 42.07 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025. 

Press Release

The global Solvent market was valued at USD 21.40 billion in 2016 and is projected to reach USD 42.07 billion by 2025, growing at a CAGR of 7.8% from 2017 to 2025. 
Solvents form an integral part of any chemical reaction. They are used for varied purposes right from increasing the rate of reaction to improving product yield. The demand for solvents is highly dependent upon the market growth of application industries. The growing concerns regarding pollution due to excessive use of solvents is expected to boost market demand for naturally derived solvents.

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Market Dynamics:
1. Market Drivers
1.1 Growing demand from automotive and construction industry
1.2 Decline in crude oil prices
2. Market Restraints
2.1 Stringent environmental regulation
2.2 Cost and performance issues

Market Segmentation:
The global Solvent marketis segmented on the basis ofsource, conventional source by type, applicationand region.
1. By Source:
1.1 Natural Solvents
1.2 Conventional Solvents

2. Conventional Solvents, By Type:
2.1 Oxygenated Solvents
2.1.1 Alcohol
2.1.1.1 Methanol
2.1.1.2 Propanol
2.1.1.3 Butanol
2.1.1.4 Ethanol
2.1.1.5 Others
2.1.2 Esters
2.1.2.1 Ethyl Acetate
2.1.2.2 Butyl Acetate 
2.1.2.3 Others
2.1.3 Ketones
2.1.3.1 Acetone

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2.1.3.2 Methyl Ethyl Ketone
2.1.3.3 Methyl Isobutyl Ketone
2.1.3.4 Others
2.1.4 Glycol Ether
2.1.4.1 E-series glycol ethers
2.1.4.2 P-series glycol ethers
2.1.4.3 Others
2.1.5 Glycol
2.1.5.1 Propylene Glycol
2.1.5.2 Ethylene Glycol
2.2 Hydrocarbon Solvents
2.2.1 Aliphatic Solvents
2.2.2 Aromatic Solvents
2.2.2.1 Xylene
2.2.2.2 Toluene
2.2.2.3 Benzene
2.2.2.4 Ethylbenzene
2.2.2.5 Others
2.3 Halogenated Solvents
2.3.1 Trichloro Ethylene
2.3.2 Methylene Chloride
2.3.3 Perchloroethylene
2.3.4 Others
2.4 Others

3. By Application:
3.1 Agrochemicals
3.2 Paints & Coatings
3.3 Adhesives
3.4 Pharmaceuticals
3.5 Metal Cleaning
3.6 Printing Inks
3.7 Rubber & Polymer
3.8 Personal Care
3.9 Others

4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America) 
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Lyondellbasell Industries Holding B.V.
2. Ashland 
3. Royal Dutch Shell PLC
4. Huntsman 
5. Celanese Corporation
6. Exxonmobil Corporation
7. Eastman Chemical Company
8. BASF SE
9. Solvay
10. Ineos AG
11. Honeywell International
12. Arkema SA
13. Chevron Phillips Chemical Co.
14. DOW Chemical Company
15. InvistaSarl

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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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