Chemical & Materials Trending Solvents Market | Page 5

Key Players
▪ Expansion has been the major developmental strategy adopted between 2014 and 2018 by the
key players in the solvents market for passenger cars. Companies such as Royal Dutch Shell Plc.
(Netherlands), Eastman Chemical Company (US), BASF SE (Germany), and ExxonMobil
Corporation (US) have adopted these strategies to strengthen their market presence and
customer base as well as gain a competitive edge in the market.
▪ These companies also focus on investing in R&D activities to introduce new and cost-effective
solvents to meet changing consumer needs.
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