Report Code: A15750 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Oxygenated Solvents Market
Request Now !Oxygenated solvents are made by distilling chemical components, which aid in the creation of balance and consistency between elements in the final product. Organic solvents that contain oxygen in their molecules are known as oxygenated solvents. Oxygenated solvents are known for their extremely high purity rate due to the critical solvent refining operations that minimize surplus water and particulate matter that occurs during various stages of manufacturing. There are several different types of oxygenated solvents in the market. Ketones, glycols, alcohols, glycol ethers, esters and other compounds fall in this category. Personal care items, paints and coatings, pharmaceuticals and other applications use oxygenated solvents extensively. They are also used in a variety of formulations as diluents and for chemical synthesis. Oxygenated solvents are generally more expensive than hydrocarbons. As a result, combinations are made wherever possible to save money. They do, however, have a higher solubility and are used as active solvents in the majority of synthetic resins. They are an exceptionally essential group of solvents for the paints and coatings industry because of their high solvency and wide range of volatilities.
COVID-19 Impact analysis
Top Impacting Factors
The expanding construction sector in developing regions such as the Middle East, Asia-Pacific and elsewhere other region is driving the demand for paints and coatings, which will drive the use of oxygenated solvents in the near future. The expansion of the construction sector in the region is mostly due to rapid urbanization, smart city projects, and the renovation of existing structures. The California Air Resources Board (CARB), the US Environmental Protection Agency (EPA), and the Ozone Transport Commission (OTC), among others, are attempting to set rigorous limitations on the concentration of volatile organic compounds (VOCs) in industrial and architectural preservation coatings. Manufacturers are likely to face significant hurdles as a result of these environmental laws. Manufacturers of oxygenated solvents are attempting to develop environmentally friendly, cost-effective solvents.
These oxygenated solvents are non-volatile organic compound free, non-flammable, and have a low toxicity. Traditional solvents, such as N-Methylpyrrolidone, can be replaced with environmentally friendly oxygenated solvents.
These green alternative solvents can be used for a variety of tasks, including degreasing, paint stripping and cleaning.
Market Trends
To increase their market presence and share, key market participants in the oxygenated solvents sector are pursuing tactics such as mergers and acquisitions, strategic partnerships, collaborations, and R&D investments.
Key Benefits of the Report
Oxygenated Solvents Market Report Highlights
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Key Market Players | Arkema Group, Petroliam Nasional Berhad, SINOPEC, LyondellBasell, Lneos, Petronas, The Dow Chemical Company, BASF, OXEA, Royal Dutch Shell, ExxonMobil, Eastman Chemical Company |
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