市场调查报告书
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1520564
2024-2032 年按产品、来源、应用和地区分類的溶剂市场报告Solvent Market Report by Product, Source, Application, and Region 2024-2032 |
2023年全球溶剂市场规模达481IMARC Group美元。许多行业对溶剂的需求不断增长,产品广泛用于生产化妆品和个人护理产品,以及全球製造技术的进步是溶剂市场前景乐观的一些主要因素。
主要市场驱动因素:化妆品行业不断增加的工业活动和不断增长的产品需求正在推动市场。预计2024年全球化妆品市场收入将达1,084亿美元。反过来,这将推动产品需求。
主要市场趋势:生物基溶剂的兴起和向水基溶剂的转变是主要市场趋势。
地理趋势:由于油漆、涂料、黏合剂和包装应用中对溶剂的需求不断增长,亚太地区占据了市场主导地位。
竞争格局:Archer-Daniels-Midland Company、Ashland Inc.、BASF SE 和 Bharat Petroleum Corporation Limited 是一些主要的市场参与者。
挑战与机会:监理合规是挑战,市场主体併购是机会。
快速的技术进步
快速的技术进步为溶剂市场的成长开闢了宝贵的机会。已开发地区和发展中地区都受益于该市场的丰富经验和专业知识。先进技术和新系统的应用正在催化对改进产品的需求。在先进技术和创新系统实施的推动下,对优质产品的需求不断增长,在发展中经济体尤其明显,这些国家的溶剂市场成长明显更高。 2014年,壳牌开发了天然气製油(GTL)技术,帮助溶剂市场进一步成长。溶剂技术的发展也以具有改进特性的新配方的创造为标誌。
对环保溶剂的需求不断增加
对环境影响较小的环保溶剂产品的需求不断增长。这些溶解剂的危险性较小,产生的排放量也较少。以前依赖刺激性化学品的行业现在正在寻找具有相同功效且不会危害健康或环境的替代品。由甘蔗、玉米或纤维素等可再生资源製成的生物基溶解剂越来越受欢迎。它们的碳足迹更低,并且随着製造技术的进步而变得更具成本效益。其目的是开发在各种工业应用中可以与传统溶剂相媲美或优于传统溶剂的生物溶剂,从而增加溶剂市场收入。
油漆和涂料行业的产品需求不断增长
溶剂因其耐温性、耐用性和低成本而成为油漆和涂料行业的热门选择。该物质广泛用于油漆中,以防止结块或结块,并在各种应用中提供所需的稠度。此外,由于中国、印度和美国等国家建筑业的快速成长和基础设施的快速发展,对涂料的需求增加,将推动溶剂的采用。因此,油漆和涂料行业不断增长的需求可能会推动溶剂需求和进一步的市场扩张。
IMARC Group提供了每个细分市场的主要趋势分析,以及 2024-2032 年全球、区域和国家层面的预测。我们的报告根据产品、来源和应用对市场进行了分类。
醇类
碳氢化合物
酮类
酯类
氯化
其他的
醇类占据市场主导地位
该报告根据产品提供了详细的市场细分和分析。这包括醇、碳氢化合物、酮、酯、氯化物等。根据该报告,酒精是最大的部分。
预计酒精将继续主导全球市场,并为溶剂市场提供许多近期机会。它们比碳氢化合物或酮更具极性,这也是它们生长的原因。各种用途的乙醇、甲醇、正丁醇和异丙醇的需求不断增长也推动了成长。乙醇被广泛用作溶剂,因为它使用安全并且可以溶解许多不溶于水的有机化合物,使其成为化妆品和香水中的流行成分。它也用于香水、植物香精和药品,而甲醇广泛用于油墨和黏合剂。因此,这些产品的接受度提高将提振溶剂市场概况。
石化为主
生物与绿色
以石化为主的市场占据最大份额
报告还根据来源提供了详细的市场细分和分析。这包括石化、生物和绿色。报告称,以石化为主的占据了最大的市场份额。
石化类溶剂引领市场,预计在溶剂市场报告的预期期内将保持其主导地位,其次是生物基溶剂。大多数溶剂源自合成化学品和石油。这些衍生来源经过适当准备,可将溶剂应用扩展到新领域。从石油产生的碳氢化合物馏分用于工业和商业配方中以悬浮、溶解或运输其他成分。近年来,炼油厂业务的扩张主要旨在将低辛烷值原料转化为高辛烷值燃料,以及环境限制和担忧,导致石油溶剂的多样性大幅增加。这反过来又促进了许多溶剂市场的近期发展。
油漆和涂料
印刷油墨
药品
化妆品和黏合剂
其他的
油漆和涂料在市场上占有最大份额
该报告根据应用程式提供了详细的市场细分和分析。这包括油漆和涂料、印刷油墨、药品、化妆品和黏合剂等。根据该报告,油漆和涂料占最大的部分。
油漆和涂料领域拥有最大的溶剂市场份额,并且由于其在建筑行业的广泛使用,预计将以最快的复合年增长率增长。建筑业的快速崛起,加上涂料技术的进步使其更具永续性,正在推动这一应用领域的成长。美国、印度、中国和巴西等经济体的建筑活动不断增加,推动了市场成长。不断崛起的建筑业正在推动对油漆和涂料的需求,这是一个重要的溶剂应用市场。该产品因其耐温性、耐用性和成本而成为油漆和涂料行业的首选。
北美洲
美国
加拿大
亚太
中国
日本
印度
韩国
澳洲
印尼
其他的
欧洲
德国
法国
英国
义大利
西班牙
俄罗斯
其他的
拉丁美洲
巴西
墨西哥
其他的
中东和非洲
亚太地区引领市场,占最大的溶剂市场份额
市场研究报告还对所有主要区域市场进行了全面分析,其中包括北美(美国和加拿大);亚太地区(中国、日本、印度、韩国、澳洲、印尼等);欧洲(德国、法国、英国、义大利、西班牙、俄罗斯等);拉丁美洲(巴西、墨西哥等);以及中东和非洲。报告显示,亚太地区占据最大的市场份额。
亚太溶剂市场拥有最大的市场份额,预计在整个溶剂市场预测期内将出现最高的收入份额。这是由于该地区家庭护理、个人护理和化妆品行业对溶剂的需求不断增长。不断发展的城市化和生活方式的改变是该地区溶剂需求的两个主要原因。中国和印度等国家建筑投资的增加以及工业化的不断发展预计将有助于该地区的市场扩张。新兴国家的油漆、涂料和黏合剂等终端用户产业正在扩大,预计未来将提振产品需求。
The global solvent market size reached US$ 48.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 68.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032. The escalating demand for solvents from numerous industries, the widespread product utilization to produce cosmetics and personal care products, and advancements in manufacturing techniques across the globe are some of the major factors contributing to a positive solvent market outlook.
Major Market Drivers: The increasing industrial activities and the rising product demand in the cosmetics industry are driving the market. The revenue in the global cosmetics market in 2024 is projected to reach US$108.40 billion. This, in turn, will propel the product demand.
Key Market Trends: The rise of bio-based solvents and the shift towards water-based solvents are key market trends.
Geographical Trends: Asia Pacific dominates the market due to the increasing demand for solvents in paints, coatings, adhesives, and packaging applications.
Competitive Landscape: Archer-Daniels-Midland Company, Ashland Inc., BASF SE, and Bharat Petroleum Corporation Limited are some of the key market players.
Challenges and Opportunities: The regulatory compliance is a challenge and the mergers and acquisitions by the market players are the opportunities.
Rapid technological advancements
Rapid technological advancements are opening up valuable opportunities for growth in the solvent market. Both developed and developing regions benefit from a wealth of experience and expertise in this market. Advanced technologies and the application of new systems are catalyzing the demand for improved products. The burgeoning demand for superior products, fueled by advanced technologies and the implementation of innovative systems, is particularly pronounced in developing economies, where the solvent market growth is notably higher. In 2014, Shell developed Gas-to-Liquids (GTL) technology, which has helped the solvent market to grow even further. The growth of solvent technology is also marked by the creation of new formulations with improved characteristics.
Increasing demand for eco-friendly solvents
There is a growing demand for eco-friendly solvent products with little environmental effect. These dissolving agents are intended to be lesser hazardous and produce lesser emissions. Industries that previously relied on harsh chemicals are now looking for alternatives that provide the same efficacy without jeopardizing health or the environment. Bio-based dissolving agents made from renewable resources such as sugarcane, maize, or cellulose are gaining popularity. They have a lower carbon footprint and are becoming more cost-effective as manufacturing techniques advance. The aim is to develop bio-solvents that can match or outperform conventional ones in a variety of industrial applications, which can augment the solvent market revenue.
Rising product demand in the paints and coatings industry
Solvent is a popular choice in the paints and coatings industry due to its temperature resistance, durability, and low cost. The substance is widely used in paints to prevent clumps or globs and offer the desired consistency in a variety of applications. Furthermore, increased demand for paints due to rapid growth in the building industry and soaring infrastructure development in nations such as China, India, and the United States will drive solvent adoption. As a result, the increasing demand from the paints and coatings sector is likely to drive solvent demand and further market expansion.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, source, and application.
Alcohols
Hydrocarbons
Ketones
Esters
Chlorinated
Others
Alcohols dominate the market
The report has provided a detailed breakup and analysis of the market based on the product. This includes alcohols, hydrocarbons, ketones, esters, chlorinated, and others. According to the report, alcohols represented the largest segment.
Alcohol is predicted to continue to dominate the global market and offer numerous solvent market recent opportunities. They are more polar than hydrocarbons or ketones, which accounts for their growth. Growth is also driven by rising demand for ethanol, methanol, n-butanol, and isopropanol for a variety of uses. Ethanol is widely used as a solvent since it is safe to use and can dissolve many organic compounds that are not soluble in water, making it a popular ingredient in cosmetics and perfumes. It is also used in perfumes, vegetable essences, and pharmaceuticals, while methanol is widely used in inks and adhesives. As a result, increased acceptance of these products will bolster the solvent market overview.
Petrochemical-based
Bio and Green
Petrochemical-based holds the largest share in the market
A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes petrochemical-based and bio and green. According to the report, petrochemical-based accounted for the largest market share.
The petrochemical-based category led the market and is expected to maintain its dominance in the anticipated period in the solvent market report, followed by bio-based solvents. The majority of solvents are derived from synthetic chemicals and petroleum. These derived sources are properly prepared to broaden solvent applications into newer sectors. Hydrocarbon fractions generated from petroleum are employed in industrial and commercial formulations to suspend, dissolve, or transport other components. The expansion of refinery operations aimed primarily at converting low-octane feedstocks to high-octane fuels, as well as environmental constraints and concerns, has led to a considerable increase in the diversity of petroleum solvents in recent years. This, in turn, is contributing to many solvent market recent developments.
Paints and Coatings
Printing Inks
Pharmaceuticals
Cosmetics and Adhesives
Others
Paints and coatings hold the biggest share in the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes paints and coatings, printing inks, pharmaceuticals, cosmetics and adhesives, and others. According to the report, paints and coatings represented the largest segment.
The paints and coatings segment held the largest solvent market share and is predicted to grow at the fastest CAGR due to its widespread use in the construction industry. The rapid rise of the construction industry, combined with advances in paint technology to make them more sustainable, is driving the growth of this application segment. Construction activity is increasing in economies such as the United States, India, China, and Brazil, propelling market growth. The rising construction industry is driving the demand for paints and coatings, a key solvent application market. This product is a top choice in the paints and coatings industry due to its temperature resistance, durability, and cost.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Asia Pacific leads the market, accounting for the largest solvent market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.
The Asia-Pacific solvent market has the largest market share and is expected to witness the highest revenue share throughout the solvent market forecast period. This is due to the region's growing demand for solvents in the industries of home care, personal care, and cosmetics. Growing urbanization and changed lifestyles are two major reasons contributing to the demand for solvents across the region. Market expansion in the region is expected to be aided by rising construction investment in countries such as China and India, as well as growing industrialization. End-user sectors in emerging countries, such as paints, coatings, and adhesives, are expanding, and this is expected to boost product demand in the future.
Archer-Daniels-Midland Company
Ashland Inc.
BASF SE
Bharat Petroleum Corporation Limited
bp p.l.c.
Celanese Corporation
Dow Inc.
Eastman Chemical Company
Exxon Mobil Corporation
Honeywell International Inc.
Huntsman Corporation
LyondellBasell Industries N.V.
Royal Dutch Shell plc
Sasol Limited
Solvay S.A.
Major solvent companies are involved in capacity expansion, product innovation, acquisitions, mergers, and partnerships on a global scale. In 2019, for example, BASF SE increased the capacity of its integrated ethylene oxide and derivatives complex at its Verbund plant in Antwerp. The corporation specializes in the production and distribution of chemicals. Its operations span 80 countries in North America, Europe, Asia Pacific, the Middle East, and Africa. Some of the key players are also focusing on developing sustainable products. For instance, Solvay launched a new Renewable Materials and Biotechnology platform in 2022, with the goal of producing innovative and sustainable solutions for a variety of markets via the use of renewable feedstock and biotechnology.
22nd February 2023: BASF SE announced that it has entered into a long-term collaboration agreement with Tenova Advanced Technologies (TAT) of Yokneam, Israel, for its battery recycling prototype plant in Schwarzheide, Germany.
7th March 2023: Archer-Daniels-Midland Company today announced the launch of the Knwble Grwn(TM) brand to provide consumers wholesome, plant-based food ingredients that are sustainably sourced. Knwble Grwn products are produced by small or underrepresented farmers using regenerative agricultural practices that help to protect the environment.
19th October 2021: Ashland Inc. launched Sensidin Pure Skin Multifunctional. It preserves the unique microbiome while offering strong and quick performance against odor-causing bacteria at extremely low usage amounts.