Chemical & Materials Trending Solvents Market | Page 3

Industrial Insight
❖By type, the oxygenated solvents segment of the petrochemical-based solvents market is
projected to grow at the highest CAGR, during forecast period, in terms of value and volume.
❖This is due to their high solvency power and low-toxicity. In addition, their usage in various
applications such as paints & coatings, adhesives, pharmaceuticals, and printing inks among
others results in their increasing demand.
❖By application, the printing inks application segment is projected to grow at the highest CAGR,
during the forecast period, in terms of value.
❖Rapid expansion of printing markets in countries including India accompanied by a strong demand
from key end-user segments such as package printing, newsprint, publishing and other
commercial printing drives the demand for printing inks, which in turn drives the demand for
petrochemical-based solvents.
❖In addition, increasing investments by major manufacturers of printing inks in Middle East region
is estimated to drive the market.
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