Global Solvents Market to reach US$29.27 bn by 2018 | Page 2

Global Solvents Market

REPORT DESCRIPTION

Global Solvents Market (Alcohols, Hydrocarbons, Ketones, Esters,
Chlorinated and Others) for Paints and Coatings, Printing Inks,
Pharmaceuticals, Adhesives and Cosmetics and Other Applications Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 - 2018
The growing demand for organic solvents from end-use industries such as print-ink, pharmaceutical,
and adhesive industry, has compelled producers of solvents to innovate their products to meet the
needs of the end-use industries, reports Transparency Market Research in a new study. As the global
market of solvents is dominated by large multinational companies, the lead manufacturers in the
value chain are focused on providing consumers with innovative and environment friendly products.
The key companies in the global solvents market are Celanese Corporation, ExxonMobil
Corporation, BASF SE, Maruzen Petrochemical, Dow Chemical Company, Sasol Solvents, Solvay
Chemicals, and Shell Chemical.
The demand for bio-based solvents has intensified in developed as well as emerging economies due
to the growing awareness about air pollution control and environment protection. This has provided
growth opportunities for manufacturers of bio-based solvents. To meet the requirements of
consumers and end users, manufacturers are making high investments in research and development
projects for product development. The sales of solvents will be dependent on how exclusively
manufacturers innovate their products to make them differentiable from their competitors.

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Growth of Manufacturing and Construction Industry in BRICS to Lift Demand for Solvents
Recent studies have evidenced that due to the investments made in infrastructural developments in
the BRICS countries, the demand for paints and coatings is increasing substantially. The population
explosion and strong economic growth has led to the development of residential and commercial
infrastructure. As the demand for paints and coatings is increasing due to the development of
infrastructure in these nations, the sale of solvents is also set to grow due to their usage in paints and
coatings jobs for manufactured products.

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Transparency Market Research