市場調查報告書
商品編碼
1520564
2024-2032 年按產品、來源、應用和地區分類的溶劑市場報告Solvent Market Report by Product, Source, Application, and Region 2024-2032 |
2023年全球溶劑市場規模達481IMARC Group美元。許多行業對溶劑的需求不斷成長,產品廣泛用於生產化妝品和個人護理產品,以及全球製造技術的進步是溶劑市場前景樂觀的一些主要因素。
主要市場促進因素:化妝品行業不斷增加的工業活動和不斷成長的產品需求正在推動市場。預計2024年全球化妝品市場收入將達1,084億美元。反過來,這將推動產品需求。
主要市場趨勢:生物基溶劑的興起和向水基溶劑的轉變是主要市場趨勢。
地理趨勢:由於油漆、塗料、黏合劑和包裝應用中對溶劑的需求不斷成長,亞太地區佔據了市場主導地位。
競爭格局:Archer-Daniels-Midland Company、Ashland Inc.、BASF SE 和 Bharat Petroleum Corporation Limited 是一些主要的市場參與者。
挑戰與機會:監理合規是挑戰,市場主體併購是機會。
快速的技術進步
快速的技術進步為溶劑市場的成長開闢了寶貴的機會。已開發地區和發展中地區都受益於該市場的豐富經驗和專業知識。先進技術和新系統的應用正在催化對改進產品的需求。在先進技術和創新系統實施的推動下,對優質產品的需求不斷成長,在發展中經濟體尤其明顯,這些國家的溶劑市場成長明顯更高。 2014年,殼牌開發了天然氣製油(GTL)技術,幫助溶劑市場進一步成長。溶劑技術的發展也以具有改進特性的新配方的創造為標誌。
對環保溶劑的需求不斷增加
對環境影響較小的環保溶劑產品的需求不斷成長。這些溶解劑的危險性較小,產生的排放量也較少。以前依賴刺激性化學品的行業現在正在尋找具有相同功效且不會危害健康或環境的替代品。由甘蔗、玉米或纖維素等可再生資源製成的生物基溶解劑越來越受歡迎。它們的碳足跡更低,並且隨著製造技術的進步而變得更具成本效益。其目的是開發在各種工業應用中可以與傳統溶劑相媲美或優於傳統溶劑的生物溶劑,從而增加溶劑市場收入。
油漆和塗料行業的產品需求不斷成長
溶劑因其耐溫性、耐用性和低成本而成為油漆和塗料行業的熱門選擇。該物質廣泛用於油漆中,以防止結塊或結塊,並在各種應用中提供所需的稠度。此外,由於中國、印度和美國等國家建築業的快速成長和基礎設施的快速發展,對塗料的需求增加,將推動溶劑的採用。因此,油漆和塗料行業不斷成長的需求可能會推動溶劑需求和進一步的市場擴張。
IMARC Group提供了每個細分市場的主要趨勢分析,以及 2024-2032 年全球、區域和國家層面的預測。我們的報告根據產品、來源和應用對市場進行了分類。
醇類
碳氫化合物
酮類
酯類
氯化
其他
醇類佔據市場主導地位
該報告根據產品提供了詳細的市場細分和分析。這包括醇、碳氫化合物、酮、酯、氯化物等。根據該報告,酒精是最大的部分。
預計酒精將繼續主導全球市場,並為溶劑市場提供許多近期機會。它們比碳氫化合物或酮更具極性,這也是它們生長的原因。各種用途的乙醇、甲醇、正丁醇和異丙醇的需求不斷成長也推動了成長。乙醇被廣泛用作溶劑,因為它使用安全並且可以溶解許多不溶於水的有機化合物,使其成為化妝品和香水中的流行成分。它也用於香水、植物香精和藥品,而甲醇廣泛用於油墨和黏合劑。因此,這些產品的接受度提高將提振溶劑市場概況。
石化為主
生物與綠色
以石化為主的市場佔據最大佔有率
報告還根據來源提供了詳細的市場細分和分析。這包括石化、生物和綠色。報告稱,以石化為主的佔據了最大的市場佔有率。
石化類溶劑引領市場,預計在溶劑市場報告的預期期內將保持其主導地位,其次是生物基溶劑。大多數溶劑源自合成化學品和石油。這些衍生來源經過適當準備,可將溶劑應用擴展到新領域。從石油產生的碳氫化合物餾分用於工業和商業配方中以懸浮、溶解或運輸其他成分。近年來,煉油廠業務的擴張主要旨在將低辛烷值原料轉化為高辛烷值燃料,以及環境限制和擔憂,導致石油溶劑的多樣性大幅增加。這反過來又促進了許多溶劑市場的近期發展。
油漆和塗料
印刷油墨
藥品
化妝品和黏合劑
其他
油漆和塗料在市場上佔有最大佔有率
該報告根據應用程式提供了詳細的市場細分和分析。這包括油漆和塗料、印刷油墨、藥品、化妝品和黏合劑等。根據該報告,油漆和塗料佔最大的部分。
油漆和塗料領域擁有最大的溶劑市場佔有率,並且由於其在建築行業的廣泛使用,預計將以最快的複合年成長率成長。建築業的快速崛起,加上塗料技術的進步使其更具永續性,正在推動這一應用領域的成長。美國、印度、中國和巴西等經濟體的建築活動不斷增加,推動了市場成長。不斷崛起的建築業正在推動對油漆和塗料的需求,這是一個重要的溶劑應用市場。該產品因其耐溫性、耐用性和成本而成為油漆和塗料行業的首選。
北美洲
美國
加拿大
亞太
中國
日本
印度
韓國
澳洲
印尼
其他
歐洲
德國
法國
英國
義大利
西班牙
俄羅斯
其他
拉丁美洲
巴西
墨西哥
其他
中東和非洲
亞太地區引領市場,佔最大的溶劑市場佔有率
市場研究報告還對所有主要區域市場進行了全面分析,其中包括北美(美國和加拿大);亞太地區(中國、日本、印度、韓國、澳洲、印尼等);歐洲(德國、法國、英國、義大利、西班牙、俄羅斯等);拉丁美洲(巴西、墨西哥等);以及中東和非洲。報告顯示,亞太地區佔據最大的市場佔有率。
亞太溶劑市場擁有最大的市場佔有率,預計在整個溶劑市場預測期內將出現最高的收入佔有率。這是由於該地區家庭護理、個人護理和化妝品行業對溶劑的需求不斷成長。不斷發展的城市化和生活方式的改變是該地區溶劑需求的兩個主要原因。中國和印度等國家建築投資的增加以及工業化的不斷發展預計將有助於該地區的市場擴張。新興國家的油漆、塗料和黏合劑等終端用戶產業正在擴大,預計未來將提振產品需求。
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.