Title: Solvent Market - Global Trends & Forecast to 2018
1MarketsandMarkets Presents
- Solvent Market
- Global Trends Forecast to 2018
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2- The solvent market is expected to grow at a CAGR
of 5.0 over the next five years to reach 43.4
billion, by 2018. Asia-Pacific, with its
flourishing economy and rapidly expanding
industrial sectors, is the leading consumer of
solvents and will experience the highest growth
in demand from 2013 to 2018, after North America. - The major driving factors of the solvent market
are the emerging economies in the Asia-Pacific
region as it accounts for nearly half of the
global solvents demand. The growing construction
and automobile industries with no strict
environmental regulations fuels the demand for
conventional solvents in the region. This has
made Asia-Pacific a global manufacturing hub
where several major companies are setting up
their new plants to target high growth markets.
Cheap labor and easily availabile petrochemical
feedstocks are major factors that attract
manufacturers in the region.
3-
- http//www.marketsandmarkets.com/Market-Reports/so
lvent-market-1325.html - Upcoming opportunities in the green solvent
market include increased preference towards the
use of bio-based products by the government and
orgnaizations. However, price and performance
barriers have restricted the growth of these,
substianially. Continous RD and product
innovation will result in increased properties,
promoting the economic production of these
solvents. The other factor that must be taken
into account is that though green solvents have
high penetration, these will still need another
decade to be completely commercialized on a
global scale.
4- The global solvent market is anticipated to
increase by 3.0 annually, to reach 33.4 million
tons, by 2018. Solvents are primarily used to
dissolve, suspend, and carry particles, thereby
forming a solution. The bio green solvent
market is growing at a high rate, while the
conventional solvents market is greatly matured.
The report covers the solvents market and its
trends that concern four regions, namely, North
America, Europe, Asia-Pacific, and ROW (Rest of
the World) and the major countries in each
region such as U.S., Canada, Germany, China,
South Arabia, Brazil, and others.
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