Product Code: GVR-4-68040-781-5
U.S. Solvents Market Summary
The U.S. solvents market size was estimated at USD 7,076.7 million in 2024 and is projected to reach USD 9,930.7 million by 2033, growing at a CAGR of 3.9% from 2025 to 2033. The market is experiencing significant growth, driven by increasing demand across various industries such as paints and coatings, pharmaceuticals, and electronics. This expansion is further fueled by advancements in green chemistry and bio-based solvents, which align with environmental sustainability goals.
The market's growth is primarily attributed to the rising adoption of bio-based solvents, which offer reduced environmental impact compared to traditional petrochemical-based alternatives. The U.S. government's support for green chemistry initiatives and the growing consumer preference for eco-friendly products are accelerating this shift. Moreover, the increasing use of solvents in high-tech applications, such as semiconductor manufacturing and electronic materials, is contributing to market growth.
Despite these drivers, the market faces challenges such as stringent environmental regulations that limit the use of certain solvents, impacting industries such as automotive and construction. Moreover, supply chain disruptions and geopolitical factors, including tariffs, have led to increased costs and volatility in the petrochemical sector, affecting solvent availability and pricing. Nevertheless, opportunities exist in the development of high-purity solvents and the expansion of green chemistry initiatives, which promise to mitigate environmental impacts and meet evolving industry demands.
U.S. Solvents Market Report Segmentation
This report forecasts revenue growth at U.S., regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the U.S. solvents market report based on product, and end use:
- Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2033)
- Alcohols
- Hydrocarbons
- Ketones
- Esters
- Chlorinated Solvents
- Other Product
- End Use Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2033)
- Paints & Coatings
- Printing Inks
- Pharmaceuticals
- Cosmetics & Personal Care
- Other End Use
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definition
- 1.3 Information Procurement
- 1.3.1 Purchased Database
- 1.3.2 GVR's Internal Database
- 1.5 Information Analysis
- 1.6 Market Formulation & Data Visualization
- 1.7 Data Validation & Publishing
- 1.7.1 Research Scope And Assumptions
- 1.7.2 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 U.S. Solvents Market Variables, Trends & Scope
- 3.1 Market Lineage Outlook
- 3.1.1 Global Solvents Market Overview
- 3.1.1.1 North America Solvents Market
- 3.1.1.2 U.S. Solvents Market
- 3.1.1.3 Europe Solvents Market
- 3.1.1.4 Asia Pacific Solvents Market
- 3.1.1.5 Latin America Solvents Market
- 3.1.1.6 Middle East & Africa Solvents Market
- 3.2 Trade Analysis, 2018 - 2024
- 3.2.1 Top 10 Exporting Countries For The U.S., Volume (Cubic Meters) - Methanol (Hs Code: 290511)
- 3.2.2 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Methanol (Hs Code: 290511)
- 3.2.3 Top 10 Importing Countries For The U.S., Volume (Cubic Meters) - Methanol (Hs Code: 290511)
- 3.2.4 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Methanol (Hs Code: 290511)
- 3.2.5 Top 10 Exporting Countries For The U.S., Volume (Tons) - Propan-1-ol & Isopropyl Alcohol (Hs Code: 290512)
- 3.2.6 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Propan-1-ol & Isopropyl Alcohol (Hs Code: 290512)
- 3.2.7 Top 10 Importing Countries For The U.S., Volume (Tons) - Propan-1-ol & Isopropyl Alcohol (Hs Code: 290512)
- 3.2.8 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Propan-1-ol & Isopropyl Alcohol (Hs Code: 290512)
- 3.2.9 Top 10 Exporting Countries For The U.S., Volume (Cubic Meters) - Denatured Ethyl Alcohol (Hs Code: 220720)
- 3.2.10 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Denatured Ethyl Alcohol (Hs Code: 220720)
- 3.2.11 Top 10 Importing Countries For The U.S., Volume (Cubic Meters) - Denatured Ethyl Alcohol (Hs Code: 220720)
- 3.2.12 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Denatured Ethyl Alcohol (Hs Code: 220720)
- 3.2.13 Top 10 Exporting Countries For The U.S., Volume (Cubic Meter) - Toluene (Hs Code: 290230)
- 3.2.14 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Toluene (Hs Code: 290230)
- 3.2.15 Top 10 Importing Countries For The U.S., Volume (Cubic Meter) - Toluene (Hs Code: 290230)
- 3.2.16 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Toluene (Hs Code: 290230)
- 3.2.17 Top 10 Exporting Countries For The U.S., Volume (Cubic Meters) - Xylenes (Hs Code: 270730)
- 3.2.18 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Xylenes (Hs Code: 270730)
- 3.2.19 Top 10 Importing Countries For The U.S., Volume (Cubic Meters) - Xylenes (Hs Code: 270730)
- 3.2.20 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Xylenes (Hs Code: 270730)
- 3.2.21 Top 10 Exporting Countries For The U.S., Volume (Tons) - Acetone (Hs Code: 291411)
- 3.2.22 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Acetone (Hs Code: 291411)
- 3.2.23 Top 10 Importing Countries For The U.S., Volume (Tons) - Acetone (Hs Code: 291411)
- 3.2.24 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Acetone (Hs Code: 291411)
- 3.2.25 Top 10 Exporting Countries For The U.S., Volume (Cubic Meters) - Ethyl Acetate (Hs Code: 291531)
- 3.2.26 Top 10 Exporting Countries For The U.S., Value (Usd Thousand) - Ethyl Acetate (Hs Code: 291531)
- 3.2.27 Top 10 Importing Countries For The U.S., Volume (Cubic Meters) - Ethyl Acetate (Hs Code: 291531)
- 3.2.28 Top 10 Importing Countries For The U.S., Value (Usd Thousand) - Ethyl Acetate (Hs Code: 291531)
- 3.3 Trade Future Outlook Analysis
- 3.4 Supply Outlook
- 3.5 Industry Value Chain Analysis
- 3.5.1 Raw Material Trends
- 3.5.2 Manufacturing & Technology Trends
- 3.5.3 Sales Channel Analysis
- 3.6 Price Trend Analysis, 2018 - 2033
- 3.6.1 Factors Influencing Prices
- 3.7 Regulatory/policy Framework
- 3.8 Market Dynamics
- 3.8.1 Market Driver Analysis
- 3.8.1.1 Increasing Adoption Of Bio-based And Environmentally Friendly Solvents
- 3.8.1.2 Growing Demand From Paints, Coatings, And Adhesives Industries
- 3.8.1.3 Expanding Pharmaceutical And Personal Care Sectors
- 3.8.2 Market Restraint Analysis
- 3.8.2.1 Increasing Adoption Of Solvent-free And Low-solvent Alternatives
- 3.8.2.2 Strict Environmental And Occupational Safety Regulations
- 3.8.3 Industry Challenges
- 3.8.4 Industry Opportunity
- 3.9 Business Environment Analysis
- 3.9.1 Industry Analysis - Porter
- 3.9.2 Pestel Analysis
Chapter 4 U.S. Solvents Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2024 & 2033
- 4.1.1 Alcohols
- 4.1.1.1 U.S. Alcohol Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 4.1.2 Hydrocarbons
- 4.1.2.1 U.S. Hydrocarbons Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 4.1.3 Ketones
- 4.1.3.1 U.S. Ketones Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 4.1.4 Esters
- 4.1.4.1 U.S. Esters Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 4.1.5 Chlorinated Solvents
- 4.1.5.1 U.S. Chlorinated Solvents Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 4.1.6 Other Solvents
- 4.1.6.1 U.S. Other Solvents Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
Chapter 5 U.S. Solvents Market: End Use Estimates & Trend Analysis
- 5.1 End Use Movement Analysis & Market Share, 2024 & 2033
- 5.1.1 Paints & Coatings
- 5.1.1.1 U.S. Paints & Coatings Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 5.1.2 Printing Inks
- 5.1.2.1 U.S. Printing Inks Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 5.1.3 Pharmaceuticals
- 5.1.3.1 U.S. Pharmaceutical Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Millon)
- 5.1.4 Cosmetics & Personal Care
- 5.1.4.1 U.S. Cosmetics & Personal Care Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
- 5.1.5 Other End Use
- 5.1.5.1 U.S. Other End Use Market Estimates & Forecast And Trend Analysis, 2018 - 2033 (Kilotons) (Usd Million)
Chapter 6 U.S. Solvents Market - Competitive Landscape
- 6.1 Recent Developments & Impact Analysis, By Key Market Participants
- 6.2 Financial Performance
- 6.3 Product Benchmarking
- 6.4 Competitive Categorization
- 6.6 Company Market Positioning Analysis
- 6.7 Company Heat Map Analysis
- 6.8 Strategy Mapping
- 6.8.1 Expansion
- 6.8.2 Mergers & Acquisition
- 6.8.3 New Product Launches
- 6.8.4 Collaborations
- 6.9 Company Overview
- 6.9.1 BASF
- 6.9.2 Dow Inc.
- 6.9.3 Exxon Mobil Corporation
- 6.9.4 Sabic
- 6.9.5 Lyondellbasell Industries Holdings B.v.
- 6.9.6 Shell Chemicals
- 6.9.7 Akzo Nobel N.v.
- 6.9.8 Ineos
- 6.9.9 Evonik Industries
- 6.9.10 Eastman Chemical Company