Ceresana study on the global market for solvents

Solvents make paints and varnishes processable and allow their properties to be controlled in a targeted manner. Companies in the paint industry are the largest consumers of solvents, accounting for around 47% of total demand. This is followed by use in the pharmaceutical industry, followed by the cosmetics, printing inks and adhesives sectors. Large quantities of solvents are used for chemical manufacturing processes, degreasing, cleaning, cooling circuits and de-icing, for example. However, chemicals that can cause unpleasant odors, explosive vapors and damage to health and the environment are increasingly controversial and subject to restrictions. The trend is therefore towards more environmentally friendly alternatives, such as bio-based solvents, particularly for consumer products and in the food industry. However, water-based paints cannot always replace solvent-based coatings in demanding applications. Even conventional petrochemical solvents are increasingly being mixed with biogenic components from renewable raw materials.

Alcohols are the most popular solvent types

By far the solvent types most in demand are alcohols: primarily ethanol, n-butanol, isopropanol and methanol. Ketones (especially acetone), aromatics (such as toluene and xylene), esters (such as ethyl acetate and butyl acetate) and ethers (such as diethyl ether, THF or glycol ether) also have significant market shares. The strongest growth is recorded by ethanol: Ceresana forecasts an increase in demand of 3.7% per year. The solvents market is particularly growing in the regions Africa and Asia-Pacific. It is followed by the regions Middle East and South America. The industry in Asia-Pacific currently consumes around 47% of all solvents worldwide - and around 3.5 million tons of alcohols alone per year.
Current market analysis "Solvents - World":

Solvents Study Anaylizes World Market

Chapter 1 of the new study by Ceresana offers a comprehensive analysis of the global market for solvents - including forecasts up to 2033: The development of demand (in tonnes) and revenues (in USD and EUR) is explained for the regions Western and Eastern Europe, North and South America, Asia-Pacific, the Middle East, and Africa. Demand and revenues are also broken down by six applications. Furthermore, the various product types such as ethanol, N-butanol, isopropanol, methanol, and other alcohols are discussed individually. Chapter 2 analyzes the market data for 16 countries in detail: Demand for and revenues generated with solvents are analyzed for each of the most important national solvent markets worldwide. In addition, demand for solvents is broken down by application area (in tons and dollars) and product type (in tons). Application areas include paints and varnishes, printing inks, and adhesives. Chapter 3 provides useful company profiles of the largest manufacturers of solvents, clearly arranged according to contact details, turnover, profit, product range, production sites, and profile summary.