Solvents Market Worth USD 42,627.99 million by the year 2030

Market Definition
Solvents are typically liquid substances with the capacity to dissolve or distribute a wide range of compounds, including solid, liquid, and gaseous substances. They are widely used in a variety of industries, including chemicals, pharmaceuticals, paints and coatings, adhesives, cleaning products, and many more. The market for solvents includes a variety of solvent types, such as hydrocarbons, oxygenated solvents, halogenated solvents, and other specialized solvents.
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Solvents Market Analysis and Size

The global solvents market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 42,627.99 million by 2030. The major factor driving the growth of the solvents market is the rising usage of printing inks for different industrial applications and positive outlook toward beauty & personal care products industry.

Solvents are low-molecular-weight fluorinated synthetic fluids. They are non-toxic and non-flammable in their natural state. A solvent can be utilized in severe temperatures ranging from 80°C to 200°C. Their molecular structure might be linear, branched, or a combination of both, depending on the application. Solvents have various properties such as temperature resistance, lubricity, wear resistance, and fluid volatility.

The global solvents market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.

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Competitive Landscape and Global Solvents Market Share Analysis

The global solvents market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the global solvents market.

Some of the prominent participants operating in the global solvents market are Arkema (France), INVISTA ( A Subsidiary of Koch Industries, Inc.)(USA), Ashland (USA), Bharat Petroleum Corporation Limited (India), Huntsman International LLC (USA), Solvay (Belgium), ADM (USA), Shell Global (Netherlands), BP p.l.c. (UK), Eastman Chemical Company (USA), INEOS GROUP HOLDINGS S.A.(UK), BASF SE (Germany), Celanese Corporation (USA), Cargill, Incorporated (USA), Reliance Industries Limited (India), Honeywell International Inc. (USA), LyondellBasell Industries Holding B.V. (Netherlands), Exxon Mobil Corporation (USA), Monument Chemical (USA), Dow (USA), Olin Corporation (USA) among others.

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