Global Industrial Solvents Market to witness 5%+ CAGR till 2024 (1)

1
Global Industrial Solvents Market to expand
US35bn by 2024 Global Market Insights Inc.
2
Industry Overview

• Industrial Solvents Market size is set to surpass
  USD 35 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Growing consumer demand towards cosmetic products
  and its formulations for various types of
  skincare product range may propel industrial
  solvents market growth. Increasing application
  usage in the cosmetics personal care sector
  owing to enhancement of dry or damaged skin by
  reducing flaking and restoring suppleness should
  drive the industrial solvents market size.
• Solvents are the substance when dissolved with a
  solute form a solution. Furthermore, the rise in
  the oil market, rapid industrialization,
  increasing population urbanization, and high
  growth in major end-use industries including dry
  cleaning, nail enamels, paint thinners, paint
  coatings and pharmaceutical are the major factors
  driving the industrial solvents market demand.

3
Continue

• Alcohol industrial solvents market size may
  surpass consumption at over 8.5 million tons by
  2024. They evaporate quickly and when applied in
  antiseptic drug product they avert the growth of
  microorganisms. Oxygenated industrial solvents
  from cosmetic fragrance application is posed to
  grow at 2.5 at the end of projected timeframe
  due to its solvency with other substance, the
  ability to decrease viscosity of liquids and
  diminish the propensity of finished products to
  produce foam when shaken, will foster the
  industrial solvents market growth.
• Chlorinated based industrial solvents market
  share may exceed USD 335 million at the end of
  2024. These are widely used for a variety of
  industrial purpose which include degreasing,
  cleaning solutions, paint thinners and
  agricultural chemicals. The chlorine chemical
  structure aids them to dissolve organic materials
  like greases and fats and are used as raw
  materials in the production of other compounds,
  thus stimulating industrial solvents market
  demand.

4

Browse Full Market Research Report Of Industrial
Solvents Market _at_ https//bit.ly/2LDhmyn
Request for a Sample of this Research report _at_
https//bit.ly/2Fgnzme
5
U.S. Oxygenated Solvents Market Size, By
Application, 2017 2024, (Kilo Tons)

6
Industry Coverage

7
Continue

• Lactate ester based green bio solvents was
  valued at over USD 345 million in 2017. Lactate
  ester is a natural and organic acid which is
  biodegradable and is easy to recycle. As
  industrial solvents, it is formulated in products
  like coatings which enhances the performance
  owing to its high boiling point, high solvency
  rate and low surface tension properties. It is
  used in formulation of coatings for polystyrene
  surfaces owing its ability to scratch certain
  types of plastic substrates which improves
  adhesion, thereby driving the industrial solvents
  market size.
• U.S. industrial solvents market may witness
  growth at about 2.5 over the forecast period.
  Growing consumer spending towards skincare
  products as they enhance functionality, texture
  and sensorial attributes in skin which will
  stimulate the regional product demand. Superior
  moisturizing properties of the product aids to
  keep the skin hydrated and makes it an additive
  for restorative creams, thus propelling product
  demand.

8
Continue

• Germany industrial solvents market share is
  anticipated to exceed USD 5 billion by the end of
  forecast timeframe. Increasing adhesives demand
  in automotive application as they are used to
  reduce overheating and friction in engines which
  is likely to drive the regional growth. They are
  easy to spread and have no corrosive qualities
  which can be used on any material without a
  chemical reaction, thereby increasing product
  demand in automotive application
• India oxygenated solvents market demand from
  agrochemical applications may register steady
  growth at around 3 over the predicted timeframe.
  These products are used in agricultural chemicals
  which promotes slow, more uniform drying to
  provide adequate penetration and high spraying
  efficiency, which may accelerate the industrial
  solvents market size over the projected timeframe.

9
Continue

• Brazil green solvents market size is anticipated
  to exceed USD 300 million by 2024. The
  replacement of bio ethanol for gasoline in cars
  and light weight vehicles may stimulate the
  industrial solvents market revenue. Technological
  advancement, which includes more efficient
  production and processing of sugarcane are the
  key driving factors for the availability of these
  products at low price. Moreover, the combustion
  of ethanol adds nearly no net carbon dioxide to
  the atmosphere which aids in reducing the threat
  of global warming, thus driving the industrial
  solvents demand.
• LyondellBasell, MARZUEN, INEOS, Sasol and LG chem
  are the key operators in industrial solvents
  market. Most of the researchers are focused on to
  develop innovative products to upsurge the market
  demand which in turn may boost the product.

10
Stay In Touch Website www.gminsights.com Soci
al Media