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Global Solvents Market Insights: Impact of COVID-19 and Future Expectations to 2028

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Date: 13-Apr-2023
No. of pages: 120

A solvent is a substance that dissolves a solute, resulting in a solution. A solvent is usually a liquid but can also be a solid, a gas, or a supercritical fluid. The quantity of solute that can dissolve in a specific volume of solvent varies with temperature. Common uses for organic solvents are in dry cleaning (e.g. tetrachloroethylene), as paint thinners (e.g. toluene, turpentine), as nail polish removers and glue solvents (acetone, methyl acetate, ethyl acetate), in spot removers (e.g. hexane, petrol ether), in detergents (citrus terpenes) and in perfumes (ethanol). Water is a solvent for polar molecules and the most common solvent used by living things; all the ions and proteins in a cell are dissolved in water within a cell. Solvents find various applications in chemical, pharmaceutical, oil, and gas industries, including in chemical syntheses and purification processes.

The Solvents market revenue was 22480.64 Million USD in 2022, and will reach 34468.0 Million USD in 2028, with a CAGR of 7.38% during 2022-2028.

This report elaborates the market size, market characteristics, and market growth of the Solvents industry, and breaks down according to the type, application, and consumption area of Solvents. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the leading companies.

In Chapter 2.3 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Solvents in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

Chapter 2.5 covers the analysis of the impact of COVID-19 from the perspective of the industry chain.

In addition, chapters 6-10 consider the impact of COVID-19 on the regional economy.

Key players in the global Solvents market covered in Chapter 11:

Ashland Global Holdings Inc

Huntsman Corporation

Honeywell International Inc

Eastman Chemical Company

Royal Dutch Shell Plc

BASF SE

ExxonMobil Corporation

INEOS Group AG

Celanese Corporation

LyondellBasell Industries Holdings B.V.

In Chapter 3, on the basis of types, the Solvents market from 2018 to 2028 is primarily split into:

Oxygenated Solvents

Hydrocarbon Solvents

In Chapter 4, on the basis of applications, the Solvents market from 2018 to 2028 covers:

Paints & Coatings

Pharmaceuticals

Adhesives

Printing Inks

Metal Cleaning

Personal Care

Polymer Manufacturing

Agricultural Chemicals

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2028) of the following regions are covered in Chapter 5, 6, 7, 8, 9, 10:

North America (Covered in Chapter 6)

United States

Canada

Mexico

Europe (Covered in Chapter 7)

Germany

UK

France

Italy

Spain

Russia

Others

Asia-Pacific (Covered in Chapter 8)

China

Japan

South Korea

Australia

India

Middle East and Africa (Covered in Chapter 9)

Saudi Arabia

UAE

Egypt

South Africa

South America (Covered in Chapter 10)

Brazil

Argentina

Columbia

Years considered for this report:

Historical Years: 2018-2022

Base Year: 2022

Estimated Year: 2023

Forecast Period: 2023-2028

Global Solvents Market Insights: Impact of COVID-19 and Future Expectations to 2028

Table of Content

1 Report Overview
1.1 Research Objectives
1.2 Study Scope
1.3 Key Market Segments
1.4 Market Investment Scenario Strategic

2 Industry Insights
2.1 Industry Ecosystem Analysis
2.1.1 Industry Chain Analysis
2.1.2 Distribution Channel Analysis
2.2 Market Trend Analysis
2.2.1 Growth Drivers
2.2.2 Industry Constraints and Challenges
2.3 Industry Trends Under COVID-19
2.3.1 Risk Assessment on COVID-19
2.3.2 Assessment of the Overall Impact of COVID-19 on the Industry
2.3.3 Pre COVID-19 and Post COVID-19 Market Scenario
2.4 Industry Innovation Prospect Analysis
2.5 The Impact of Covid-19 From the Perspective of Industry Chain

3 Global Solvents Market, By Product Type
3.1 Global Solvents Sales, Revenue and Market Share by Types (2018-2023)
3.1.1 Global Solvents Sales and Market Share by Types (2018-2023)
3.1.2 Global Solvents Revenue and Market Share by Types (2018-2023)
3.1.3 Global Solvents Price by Types (2018-2023)
3.2 Key Trends by Types
3.3 Global Solvents Sales, Price and Growth Rate of Oxygenated Solvents (2018-2023)
3.4 Global Solvents Sales, Price and Growth Rate of Hydrocarbon Solvents (2018-2023)

4 Global Solvents Market, By Applications
4.1 Global Solvents Consumption, Revenue and Market Share by Applications (2018-2023)
4.1.1 Global Solvents Consumption and Market Share by Applications (2018-2023)
4.1.2 Global Solvents Revenue and Market Share by Applications (2018-2023)
4.2 Paints & Coatings
4.3 Pharmaceuticals
4.4 Adhesives
4.5 Printing Inks
4.6 Metal Cleaning
4.7 Personal Care
4.8 Polymer Manufacturing
4.9 Agricultural Chemicals
4.10 Others

5 Global Solvents Market, By Regions
5.1 Global Solvents Market Sales and Market Share by Regions
5.1.1 Global Solvents Sales by Regions (2018-2023)
5.1.2 Global Solvents Sales Market Share by Regions (2018-2023)
5.2 Global Solvents Market Revenue and Market Share by Regions
5.2.1 Global Solvents Revenue by Regions (2018-2023)
5.2.2 Global Solvents Revenue Market Share by Regions (2018-2023)
5.3 Key Trends by Regions
5.3.1 Emerging Market Analysis

6 North America Solvents Market Analysis
6.1 North America Solvents Market Size
6.1.1 North America Solvents Market Sales and Growth Rate (2018-2023)
6.1.2 North America Solvents Market Revenue and Growth Rate (2018-2023)
6.2 U.S. Solvents Market Size
6.3 Canada Solvents Market Size
6.4 Mexico Solvents Market Size
6.5 Key Macroeconomic Indicators
6.6 The Influence of COVID-19 on North America Market

7 Europe Solvents Market Analysis
7.1 Europe Solvents Market Size
7.1.1 Europe Solvents Market Sales and Growth Rate (2018-2023)
7.1.2 Europe Solvents Market Revenue and Growth Rate (2018-2023)
7.2 Germany Solvents Market Size
7.3 United Kingdom Solvents Market Size
7.4 France Solvents Market Size
7.5 Italy Solvents Market Size
7.6 Spain Solvents Market Size
7.7 Russia Solvents Market Size
7.8 Key Macroeconomic Indicators
7.9 The Influence of COVID-19 on Europe Market

8 Asia-Pacific Solvents Market Analysis
8.1 Asia-Pacific Solvents Market Size
8.1.1 Asia-Pacific Solvents Market Sales and Growth Rate (2018-2023)
8.1.2 Asia-Pacific Solvents Market Revenue and Growth Rate (2018-2023)
8.2 China Solvents Market Size
8.3 Japan Solvents Market Size
8.4 South Korea Solvents Market Size
8.5 Australia Solvents Market Size
8.6 India Solvents Market Size
8.7 Key Macroeconomic Indicators
8.8 The Influence of COVID-19 on Asia Pacific Market

9 Middle East and Africa Solvents Market Analysis
9.1 Middle East and Africa Solvents Market Size
9.1.1 Middle East and Africa Solvents Market Sales and Growth Rate (2018-2023)
9.1.2 Middle East and Africa Solvents Market Revenue and Growth Rate (2018-2023)
9.2 Saudi Arabia Solvents Market Size
9.3 UAE Solvents Market Size
9.4 Egypt Solvents Market Size
9.5 South Africa Solvents Market Size
9.6 Key Macroeconomic Indicators
9.7 The Influence of COVID-19 on Middle East and Africa Market

10 South America Solvents Market Analysis
10.1 South America Solvents Market Size
10.1.1 South America Solvents Market Sales and Growth Rate (2018-2023)
10.1.2 South America Solvents Market Revenue and Growth Rate (2018-2023)
10.2 Brazil Solvents Market Size
10.3 Argentina Solvents Market Size
10.4 Columbia Solvents Market Size
10.5 Key Macroeconomic Indicators
10.6 The Influence of COVID-19 on South America Market

11 Competition Landscape and Company Profiles
11.1 Ashland Global Holdings Inc
11.1.1 Ashland Global Holdings Inc Basic Information
11.1.2 Ashland Global Holdings Inc Product Profiles, Application and Specification
11.1.3 Ashland Global Holdings Inc Solvents Market Performance (2018-2023)
11.2 Huntsman Corporation
11.2.1 Huntsman Corporation Basic Information
11.2.2 Huntsman Corporation Product Profiles, Application and Specification
11.2.3 Huntsman Corporation Solvents Market Performance (2018-2023)
11.3 Honeywell International Inc
11.3.1 Honeywell International Inc Basic Information
11.3.2 Honeywell International Inc Product Profiles, Application and Specification
11.3.3 Honeywell International Inc Solvents Market Performance (2018-2023)
11.4 Eastman Chemical Company
11.4.1 Eastman Chemical Company Basic Information
11.4.2 Eastman Chemical Company Product Profiles, Application and Specification
11.4.3 Eastman Chemical Company Solvents Market Performance (2018-2023)
11.5 Royal Dutch Shell Plc
11.5.1 Royal Dutch Shell Plc Basic Information
11.5.2 Royal Dutch Shell Plc Product Profiles, Application and Specification
11.5.3 Royal Dutch Shell Plc Solvents Market Performance (2018-2023)
11.6 BASF SE
11.6.1 BASF SE Basic Information
11.6.2 BASF SE Product Profiles, Application and Specification
11.6.3 BASF SE Solvents Market Performance (2018-2023)
11.7 ExxonMobil Corporation
11.7.1 ExxonMobil Corporation Basic Information
11.7.2 ExxonMobil Corporation Product Profiles, Application and Specification
11.7.3 ExxonMobil Corporation Solvents Market Performance (2018-2023)
11.8 INEOS Group AG
11.8.1 INEOS Group AG Basic Information
11.8.2 INEOS Group AG Product Profiles, Application and Specification
11.8.3 INEOS Group AG Solvents Market Performance (2018-2023)
11.9 Celanese Corporation
11.9.1 Celanese Corporation Basic Information
11.9.2 Celanese Corporation Product Profiles, Application and Specification
11.9.3 Celanese Corporation Solvents Market Performance (2018-2023)
11.10 LyondellBasell Industries Holdings B.V.
11.10.1 LyondellBasell Industries Holdings B.V. Basic Information
11.10.2 LyondellBasell Industries Holdings B.V. Product Profiles, Application and Specification
11.10.3 LyondellBasell Industries Holdings B.V. Solvents Market Performance (2018-2023)

12 Global Solvents Market Forecast, By Type and Applications
12.1 Global Solvents Market Forecast by Types (2023-2028)
12.1.1 Global Solvents Market Forecast Sales and Market Share by Types (2023-2028)
12.1.2 Global Solvents Market Forecast Revenue and Market Share by Types (2023-2028)
12.2 Global Solvents Market Forecast by Applications (2023-2028)
12.2.1 Global Solvents Market Forecast Consumption and Market Share by Applications (2023-2028)
12.2.2 Global Solvents Market Forecast Revenue and Market Share by Applications (2023-2028)

13 Global Solvents Market Forecast, By Regions
13.1 Global Solvents Market Forecast Sales and Market Share by Regions (2023-2028)
13.2 Global Solvents Market Forecast Revenue and Market Share by Regions (2023-2028)
13.3 North America Solvents Market Forecast (2023-2028)
13.4 Europe Solvents Market Forecast (2023-2028)
13.5 Asia-Pacific Solvents Market Forecast (2023-2028)
13.6 Middle East and Africa Solvents Market Forecast (2023-2028)
13.7 South America Solvents Market Forecast (2023-2028)

14 Appendix
14.1 Methodology
14.2 Research Data Source
14.2.1 Secondary Data
14.2.2 Primary Data
14.2.3 Market Size Estimation
14.2.4 Legal Disclaimer

List of Tables and Figures

Table Solvents Key Market Segments
Figure Global Solvents Market Size and Growth Rate 2018-2028
Figure Channel Status of Solvents
Table Market Driving Factors of Solvents
Table Market Industry Constraints and Challenges of Solvents
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Table Global Solvents Sales by Types (2018-2023)
Table Global Solvents Sales Share by Types (2018-2023)
Table Global Solvents Revenue ($) by Types (2018-2023)
Table Global Solvents Revenue Share by Types (2018-2023)
Table Global Solvents Price by Types (2018-2023)
Figure Global Oxygenated Solvents Sales and Growth Rate (2018-2023)
Figure Global Oxygenated Solvents Price (2018-2023)
Figure Global Hydrocarbon Solvents Sales and Growth Rate (2018-2023)
Figure Global Hydrocarbon Solvents Price (2018-2023)
Table Global Solvents Consumption by Applications (2018-2023)
Table Global Solvents Consumption Share by Applications (2018-2023)
Table Global Solvents Revenue ($) by Applications (2018-2023)
Table Global Solvents Revenue Share by Applications (2018-2023)
Figure Global Paints & Coatings Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Pharmaceuticals Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Adhesives Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Printing Inks Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Metal Cleaning Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Personal Care Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Polymer Manufacturing Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Agricultural Chemicals Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Others Consumption and Growth Rate (2018-2023) Sales and Growth Rate (2018-2023)
Figure Global Solvents Sales and Growth Rate (2018-2023)
Table Global Solvents Sales by Regions (2018-2023)
Table Global Solvents Sales Market Share by Regions (2018-2023)
Figure Global Solvents Sales Market Share by Regions in 2022
Figure Global Solvents Revenue and Growth Rate (2018-2023)
Table Global Solvents Revenue by Regions (2018-2023)
Table Global Solvents Revenue Market Share by Regions (2018-2023)
Figure Global Solvents Revenue Market Share by Regions in 2022
Figure North America Solvents Market Sales and Growth Rate (2018-2023)
Table North America Solvents Sales by Countries (2018-2023)
Figure North America Solvents Market Revenue ($) and Growth Rate (2018-2023)
Table North America Solvents Revenue ($) by Countries (2018-2023)
Figure U.S. Solvents Market Sales and Growth Rate (2018-2023)
Figure U.S. Solvents Market Revenue and Growth Rate (2018-2023)
Figure Canada Solvents Market Sales and Growth Rate (2018-2023)
Figure Canada Solvents Market Revenue and Growth Rate (2018-2023)
Figure Mexico Solvents Market Sales and Growth Rate (2018-2023)
Figure Mexico Solvents Market Revenue and Growth Rate (2018-2023)
Figure North America COVID-19 Status
Figure Europe Solvents Market Sales and Growth Rate (2018-2023)
Table Europe Solvents Sales by Countries (2018-2023)
Figure Europe Solvents Market Revenue and Growth Rate (2018-2023)
Table Europe Solvents Revenue by Countries (2018-2023)
Figure Germany Solvents Market Sales and Growth Rate (2018-2023)
Figure Germany Solvents Market Revenue and Growth Rate (2018-2023)
Figure United Kingdom Solvents Market Sales and Growth Rate (2018-2023)
Figure United Kingdom Solvents Market Revenue and Growth Rate (2018-2023)
Figure France Solvents Market Sales and Growth Rate (2018-2023)
Figure France Solvents Market Revenue and Growth Rate (2018-2023)
Figure Italy Solvents Market Sales and Growth Rate (2018-2023)
Figure Italy Solvents Market Revenue and Growth Rate (2018-2023)
Figure Spain Solvents Market Sales and Growth Rate (2018-2023)
Figure Spain Solvents Market Revenue and Growth Rate (2018-2023)
Figure Russia Solvents Market Sales and Growth Rate (2018-2023)
Figure Russia Solvents Market Revenue and Growth Rate (2018-2023)
Figure Europe COVID-19 Status
Figure Asia-Pacific Solvents Market Sales and Growth Rate (2018-2023)
Table Asia-Pacific Solvents Sales by Countries (2018-2023)
Figure Asia-Pacific Solvents Market Revenue and Growth Rate (2018-2023)
Table Asia-Pacific Solvents Revenue by Countries (2018-2023)
Figure China Solvents Market Sales and Growth Rate (2018-2023)
Figure China Solvents Market Revenue and Growth Rate (2018-2023)
Figure Japan Solvents Market Sales and Growth Rate (2018-2023)
Figure Japan Solvents Market Revenue and Growth Rate (2018-2023)
Figure South Korea Solvents Market Sales and Growth Rate (2018-2023)
Figure South Korea Solvents Market Revenue and Growth Rate (2018-2023)
Figure Australia Solvents Market Sales and Growth Rate (2018-2023)
Figure Australia Solvents Market Revenue and Growth Rate (2018-2023)
Figure India Solvents Market Sales and Growth Rate (2018-2023)
Figure India Solvents Market Revenue and Growth Rate (2018-2023)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Solvents Market Sales and Growth Rate (2018-2023)
Table Middle East and Africa Solvents Sales by Countries (2018-2023)
Figure Middle East and Africa Solvents Market Revenue and Growth Rate (2018-2023)
Table Middle East and Africa Solvents Revenue by Countries (2018-2023)
Figure Saudi Arabia Solvents Market Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Solvents Market Revenue and Growth Rate (2018-2023)
Figure UAE Solvents Market Sales and Growth Rate (2018-2023)
Figure UAE Solvents Market Revenue and Growth Rate (2018-2023)
Figure Egypt Solvents Market Sales and Growth Rate (2018-2023)
Figure Egypt Solvents Market Revenue and Growth Rate (2018-2023)
Figure South Africa Solvents Market Sales and Growth Rate (2018-2023)
Figure South Africa Solvents Market Revenue and Growth Rate (2018-2023)
Figure South America Solvents Market Sales and Growth Rate (2018-2023)
Table South America Solvents Sales by Countries (2018-2023)
Figure South America Solvents Market Revenue and Growth Rate (2018-2023)
Table South America Solvents Revenue by Countries (2018-2023)
Figure Brazil Solvents Market Sales and Growth Rate (2018-2023)
Figure Brazil Solvents Market Revenue and Growth Rate (2018-2023)
Figure Argentina Solvents Market Sales and Growth Rate (2018-2023)
Figure Argentina Solvents Market Revenue and Growth Rate (2018-2023)
Figure Columbia Solvents Market Sales and Growth Rate (2018-2023)
Figure Columbia Solvents Market Revenue and Growth Rate (2018-2023)
Table Ashland Global Holdings Inc Company Profile
Table Ashland Global Holdings Inc Production, Value, Price, Gross Margin 2018-2023
Figure Ashland Global Holdings Inc Production and Growth Rate
Figure Ashland Global Holdings Inc Value ($) Market Share 2018-2023
Table Huntsman Corporation Company Profile
Table Huntsman Corporation Production, Value, Price, Gross Margin 2018-2023
Figure Huntsman Corporation Production and Growth Rate
Figure Huntsman Corporation Value ($) Market Share 2018-2023
Table Honeywell International Inc Company Profile
Table Honeywell International Inc Production, Value, Price, Gross Margin 2018-2023
Figure Honeywell International Inc Production and Growth Rate
Figure Honeywell International Inc Value ($) Market Share 2018-2023
Table Eastman Chemical Company Company Profile
Table Eastman Chemical Company Production, Value, Price, Gross Margin 2018-2023
Figure Eastman Chemical Company Production and Growth Rate
Figure Eastman Chemical Company Value ($) Market Share 2018-2023
Table Royal Dutch Shell Plc Company Profile
Table Royal Dutch Shell Plc Production, Value, Price, Gross Margin 2018-2023
Figure Royal Dutch Shell Plc Production and Growth Rate
Figure Royal Dutch Shell Plc Value ($) Market Share 2018-2023
Table BASF SE Company Profile
Table BASF SE Production, Value, Price, Gross Margin 2018-2023
Figure BASF SE Production and Growth Rate
Figure BASF SE Value ($) Market Share 2018-2023
Table ExxonMobil Corporation Company Profile
Table ExxonMobil Corporation Production, Value, Price, Gross Margin 2018-2023
Figure ExxonMobil Corporation Production and Growth Rate
Figure ExxonMobil Corporation Value ($) Market Share 2018-2023
Table INEOS Group AG Company Profile
Table INEOS Group AG Production, Value, Price, Gross Margin 2018-2023
Figure INEOS Group AG Production and Growth Rate
Figure INEOS Group AG Value ($) Market Share 2018-2023
Table Celanese Corporation Company Profile
Table Celanese Corporation Production, Value, Price, Gross Margin 2018-2023
Figure Celanese Corporation Production and Growth Rate
Figure Celanese Corporation Value ($) Market Share 2018-2023
Table LyondellBasell Industries Holdings B.V. Company Profile
Table LyondellBasell Industries Holdings B.V. Production, Value, Price, Gross Margin 2018-2023
Figure LyondellBasell Industries Holdings B.V. Production and Growth Rate
Figure LyondellBasell Industries Holdings B.V. Value ($) Market Share 2018-2023
Table Global Solvents Market Forecast Sales by Types (2023-2028)
Table Global Solvents Market Forecast Sales Share by Types (2023-2028)
Table Global Solvents Market Forecast Revenue ($) by Types (2023-2028)
Table Global Solvents Market Forecast Revenue Share by Types (2023-2028)
Table Global Solvents Market Forecast Consumption by Applications (2023-2028)
Table Global Solvents Market Forecast Consumption Share by Applications (2023-2028)
Table Global Solvents Market Forecast Revenue ($) by Applications (2023-2028)
Table Global Solvents Market Forecast Revenue Share by Applications (2023-2028)
Table Global Solvents Market Forecast Sales by Regions (2023-2028)
Table Global Solvents Market Forecast Sales Share by Regions (2023-2028)
Table Global Solvents Market Forecast Revenue ($) by Regions (2023-2028)
Table Global Solvents Market Forecast Revenue Share by Regions (2023-2028)
Figure North America Market Sales and Growth Rate Forecast (2023-2028)
Figure North America Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Europe Market Sales and Growth Rate Forecast (2023-2028)
Figure Europe Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Sales and Growth Rate Forecast (2023-2028)
Figure Asia-Pacific Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Sales and Growth Rate Forecast (2023-2028)
Figure Middle East and Africa Market Revenue ($) and Growth Rate Forecast (2023-2028)
Figure South America Market Sales and Growth Rate Forecast (2023-2028)
Figure South America Market Revenue ($) and Growth Rate Forecast (2023-2028)
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