Industrial Solvents market share research by applications and regions for 2018-2024 - PowerPoint PPT Presentation

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Industrial Solvents market share research by applications and regions for 2018-2024

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Global industrial solvents market share is fragmented owing to the presence of dominant service providers. Key players are Dow Chemicals, Exxon Mobil, BASF, shell, Solvay Chemicals – PowerPoint PPT presentation

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Title: Industrial Solvents market share research by applications and regions for 2018-2024


1
Industrial Solvents market share research by
applications and regions for 2018-2024 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of Industrial Solvents Market
  • North America led by the U.S., Canada and Mexico
    industrial solvents market is likely to have a
    significant growth rate. To inflate the market
    share, companies are assimilating new technology,
    partnerships and joint ventures to develop their
    market. Growth in cosmetic industry has induced
    the urge to increase in product demand, as these
    products dissolve the ingredients and permits
    them to work properly. Increasing sales of skin
    care lotions, anti-ageing creams and hair gels,
    are attracting the companies to expand the
    customer base, thus driving regional industry
    growth.
  • Industrial Solvents Market size may witness a
    significant growth rate over the foreseeable
    timeframe. Increasing application usage in
    sealants, pharmaceuticals, adhesives, paints
    coatings, printing inks and cosmetics may drive
    industry demand. Rapid industrialization and
    increasing chemical sales may fuel product
    demand.

3
Continue
  • Global solvents market may surpass USD 30 billion
    by 2024. These products have the ability to
    suspend, dissolve or extract materials, thus
    making it an invaluable solution for industries.
    These products play an important role in various
    manufacturing and end-use industries as they are
    used as thinning oil-based paints, degreasing and
    cleaning.
  • Oxygenated based industrial solvents has
    increased usage in detergents, cosmetic and
    pharmaceutical industry owing to high solvency
    power and low toxicity, thus resulting into
    increased product demand. Increased product usage
    as coupling agents, diluents and other functional
    additives in several formulations and chemical
    synthesis will further boost industrial growth.
  • Hydrocarbon based industrial solvents are derived
    from petroleum feedstock which contains hydrogen
    and carbon atoms. These products are used as
    domestic and industrial cleaners owing to its
    superior properties including flash point, color
    and aromatic content which positively influences
    market demand over the forecast period.

4

Browse Full Research Report On Industrial
Solvents Market _at_ https//bit.ly/2LDhmyn
Request for an in-depth table of contents
for this report _at_ https//bit.ly/2PdnPlZ
gminsights.com/request-toc/upcoming/1797
5
Continue
  • Global paints coatings market is predicted to
    exceed USD 225 billion by 2024. Industrial
    solvents diffuses resins and pigments, which are
    used in paints formulation to attain desire
    consistency for application. Increased paints
    coatings application usage in various end-use
    industries such as automotive, aerospace,
    construction, marine and wood will stimulate
    industrial solvents market size.
  • Global adhesive and sealants market size was
    valued at USD 45 billion and USD 9.5 billion in
    2017, respectively. Enhanced product usage in
    adhesives and sealants application reduces fixing
    time as it improves its bonding and adhesion
    properties, thus driving industrial solvents
    market.
  • Europe led by Germany and France industrial
    solvent market demand is likely to witness
    significant growth rate. Increasing demand for
    paints coatings usage in automotive industries
    to enhance the quality, appearance and durability
    of vehicles will boost product demand in the
    region. BASF offers wide array of high
    performance colored pigments which are applied in
    all areas of industrial coatings including
    marine, cans, coil and wood coatings which are
    suitable for different applications, thus
    enhancing regional market growth.

6
Continue
  • Asia Pacific industrial solvents market demand
    led by China, Japan and India will grow
    significantly over the projected timespan owing
    to increasing construction spending and
    manufacturing industries. Increasing paints
    coatings and adhesives sealants usage in
    construction and manufacturing industries along
    with growing consumer disposable income to buy
    expensive personal care products will drive
    regional industry growth.
  • The use of hazardous and toxic solvents in
    various industry is considered as an emerging
    issue for human health and environment pollution.
    Rise in regulatory pressure to use bio-based
    products, which are environmental friendly in
    nature will restrain industrial solvents market
    growth. Various health hazards such as kidney
    damage, respiratory impairment and fluctuating
    crude oil prices will hamper industrial solvents
    market price trend.
  • Global industrial solvents market share is
    fragmented owing to the presence of dominant
    service providers. Key players are Dow Chemicals,
    Exxon Mobil, BASF, shell, Solvay Chemicals,
    Arkema and Honeywell international. These
    corporations are investing in RD for product and
    technology advancement to increase market demand.

7
Methodology
  • Market
    research reports Key analytical components

8
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