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Organic Solvents Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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Organic solvent, also known as carbon-based solvents, refers precisely to a chemical compound, which is used to absorb other substances or solutes without chemically developing them. These solvents are carbon-based and have carbon atoms embedded in their compound structure. They can be classified into both natural and synthetic solvents. Natural solvents are extracted from living organisms, and to produce synthetic solvents, they require chemical reactions from other compounds. They are applicable in many industries, notably cosmetics, pharmaceuticals, inks, adhesives, coatings, and paints. Moreover, they enable the solute in paints, other coatings, and inks to be spread over a surface. The solvent eventually evaporates, leaving behind only the solutes.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Type, Application, and Region |
Regions covered | North America (U.S., Mexico, and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and the Rest of LAMEA) |
Companies covered | LyondellBasell, ExxonMobil, Sinopec, Shell Chemicals, Huntsman, Solvay, Eastman Chemical Company, Honeywell, Ineos, and BioAmber |
Key drivers of global organic solvents market
Increase in demand for solvents in the construction industry, medical use, and raised use across various applications such as printing inks, adhesives, sealants, and pharmacy is expected to fuel the growth of the global organic solvent market. In addition, rise in regulatory demand for the use of organic solvents, which are environmentally sustainable in nature, serves as a key growth factor of the global market. Moreover, rapid industrialization and rise in production set-up and investment from different countries boost the demand for organic solvents, which significantly contribute toward the overall growth of the market.
Market scenario: opportunities and challenges
Organic solvents are chemical substances based on the carbon molecular structure, which are used to dissolve material to remove one material from another and to create a solution. Hence, they are used for diverse application in research, industrial, and domestic industries. Development of the end-use industries such as pharmaceuticals, electronics, and cosmetics along with manufacturers shift in preference to renewable resources is expected to create lucrative opportunity for the expansion of the global organic solvents market. However, various health risks and environmental concerns associated with solvent are the factors that restrain the growth of the market, globally.
COVID-19 scenario analysis
Owing to the outbreak of the COVID-19 pandemic, the global organic solvents market is expected to witness a slowdown during the next couple of years. Governments of various countries have implemented lockdown, which has led to shutdown of factories in scores of cities and provinces across the world, thus leading to predictions of a sharp slowdown in the output of anything from commercial to industrial sector. Decline in growth of the cosmetic industry has negatively impacted electronics industry. This has consequently led to decrease in demand for organic solvent. In addition, market players are dealing with missing sales and disrupted supply chains as production activities are shutdown. On the contrary, some of the industries that have positive impact due to the outbreak of COVID-19 are pharmaceutical and medical, as the demand for organic solvents is expected to increase from the pharmaceutical and the medical industries.
Key segments covered
Segment | Subsegment |
Type |
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Application |
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Key benefits of the report
- This study presents the analytical depiction of the global organic solvents industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global organic solvents market share.
- The current market is quantitatively analyzed from 2019 to 2027 to highlight the global organic solvents market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global organic solvents market research report
- Which are the leading market players active in the global organic solvents market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
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- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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