Chemical & Materials Trending Solvents Market | Page 4

Regional Insights
❖Asia Pacific is estimated to be the largest market for solvents in 2018, and the region is also
expected to continue to lead the market till 2023 owing to growing industries in the region’s
emerging economies, such China and India.
❖Rising per capita disposable incomes, rapid urbanization, and growing demand for automobiles
are projected to fuel the growth of the solvents market.
❖Additionally, high growth in the pharmaceuticals, paints & coatings, and cosmetics, among several
other applications are expected to drive the demand for solvents in the region.
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