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Report
APAC Solvents Market - Industry Trends and Forecast to 2030
Market Report I 2023-06-01 I 204 Pages I Data Bridge Market Research
The solvents market is expected to reach USD 42,627.99 Million by 2030 from USD 29,343.32 Million in 2022, growing at a CAGR of 5.0% in the forecast period of 2023 to 2030
Market Segmentation:
Asia-Pacific Solvents Market, By Category (Oxygenated Solvents, Hydrocarbon Solvents, Halogenated Solventsy Source (Conventional, Bio-Based), Application (Paints and Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Metal Cleaning Country (China, India, Japan, South Korea, Singapore, Thailand, Indonesia, Malaysia, Philippines, Australia & New Zealand, Rest of Asia-Pacific) Industry Trends and Forecast to 2030
Overview of Solvents Market Dynamics :
Driver
- Growing demand for solvents in paints and coatings industry
Restrain
- Health and safety concerns related to the usage of solvents
Opportunity
- Shifting focus of manufacturers towards eco-friendly solvents
Market Players:
The key players operating in the solvents market are:
- Arkema
- INVISTA ( A Subsidiary of Koch Industries, Inc.)
- Ashland
- Bharat Petroleum Corporation Limited
- Huntsman International LLC
- Solvay
- ADM
- Shell Global
- BP p.l.c.
- Eastman Chemical Company
- INEOS GROUP HOLDINGS S.A.
- BASF SE
- Celanese Corporation
- Cargill, Incorporated
- Reliance Industries Limited
- Honeywell International Inc.
- LyondellBasell Industries Holding B.V.
- Exxon Mobil Corporation
- Monument Chemical
- Dow
- Olin Corporation
TABLE OF CONTENTS
1 INTRODUCTION 36
1.1 OBJECTIVES OF THE STUDY 36
1.2 MARKET DEFINITION 36
1.3 OVERVIEW 36
1.4 LIMITATION 37
1.5 MARKETS COVERED 37
2 MARKET SEGMENTATION 40
2.1 MARKETS COVERED 40
2.2 GEOGRAPHICAL SCOPE 41
2.3 YEARS CONSIDERED FOR THE STUDY 42
2.4 CURRENCY AND PRICING 42
2.5 DBMR TRIPOD DATA VALIDATION MODEL 43
2.6 PRODUCT LIFE LINE CURVE 46
2.7 MULTIVARIATE MODELING 47
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 48
2.9 DBMR MARKET POSITION GRID 49
2.10 MARKET APPLICATION COVERAGE GRID 50
2.11 DBMR MARKET CHALLENGE MATRIX 51
2.12 DBMR VENDOR SHARE ANALYSIS 52
2.13 SECONDARY SOURCES 53
2.14 ASSUMPTIONS 54
3 EXECUTIVE SUMMARY 55
4 PREMIUM INSIGHTS 57
4.1 PESTLE ANALYSIS 58
4.1.1 POLITICAL FACTORS 58
4.1.2 ECONOMIC FACTORS 58
4.1.3 SOCIAL FACTORS 59
4.1.4 TECHNOLOGICAL FACTORS 59
4.1.5 LEGAL FACTORS 59
4.1.6 ENVIRONMENTAL FACTORS 59
4.2 PORTER'S FIVE FORCES: 60
4.2.1 THE THREAT OF NEW ENTRANTS: 60
4.2.2 THE THREAT OF SUBSTITUTES: 61
4.2.3 CUSTOMER BARGAINING POWER: 61
4.2.4 SUPPLIER BARGAINING POWER: 61
4.2.5 INTERNAL COMPETITION (RIVALRY): 62
4.3 CLIMATE CHANGE SCENARIO 63
4.3.1 ENVIRONMENTAL CONCERNS 63
4.3.2 INDUSTRY RESPONSE 63
4.3.3 GOVERNMENT'S ROLE 63
4.3.4 ANALYST RECOMMENDATION 64
4.4 PRODUCTION ANALYSIS 65
4.4.1 PRODUCTION ANALYSIS 66
4.5 SUPPLY CHAIN ANALYSIS 67
4.5.1 OVERVIEW 67
4.5.2 LOGISTIC COST SCENARIO 67
4.5.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 68
4.6 VENDOR SELECTION CRITERIA 69
4.7 LIST OF KEY BUYERS 71
4.8 RAW MATERIAL COVERAGE 78
4.9 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 79
5 REGULATION COVERAGE 80
6 MARKET OVERVIEW 82
6.1 DRIVERS 84
6.1.1 GROWING DEMAND FOR SOLVENTS IN THE PAINTS AND COATINGS INDUSTRY 84
6.1.2 RISING USAGE OF PRINTING INKS FOR DIFFERENT INDUSTRIAL APPLICATIONS 84
6.1.3 POSITIVE OUTLOOK TOWARD BEAUTY & PERSONAL CARE PRODUCTS INDUSTRY 85
6.1.4 GROWING ADOPTION OF POLYMERS AND RUBBERS ACROSS VARIOUS SEGMENTS 86
6.1.5 POSITIVE OUTLOOK TOWARD THE AGROCHEMICALS INDUSTRY 86
6.1.6 INCREASING SPENDING IN THE PHARMACEUTICAL SECTOR 87
6.2 RESTRAINTS 88
6.2.1 HEALTH AND SAFETY CONCERNS RELATED TO THE USAGE OF SOLVENTS 88
6.2.2 TECHNICAL COMPLEXITIES IN SOLVENT RECOVERY AND REUSE 88
6.3 OPPORTUNITIES 89
6.3.1 SHIFTING THE FOCUS OF MANUFACTURERS TOWARD ECO-FRIENDLY SOLVENTS 89
6.3.2 IMMENSE POTENTIAL IN THE RENEWABLE ENERGY SECTOR 89
6.4 CHALLENGES 90
6.4.1 ISSUES IN TRANSPORTATION AND STORAGE OF SOLVENTS 90
6.4.2 STRINGENT RULES AND REGULATIONS 90
7 ASIA-PACIFIC SOLVENTS MARKET, BY REGION 92
7.1 ASIA-PACIFIC 93
7.1.1 CHINA 101
7.1.2 INDIA 105
7.1.3 JAPAN 109
7.1.4 SOUTH KOREA 113
7.1.5 SINGAPORE 118
7.1.6 THAILAND 122
7.1.7 INDONESIA 126
7.1.8 MALAYSIA 130
7.1.9 PHILIPPINES 134
7.1.10 AUSTRALIA & NEW ZEALAND 139
7.1.11 REST OF ASIA-PACIFIC 144
8 ASIA-PACIFIC SOLVENTS MARKET: COMPANY LANDSCAPE 145
8.1 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 145
8.2 PRODUCT LAUNCH 146
8.3 AGREEMENT 146
8.4 ACQUISITION 147
8.5 AWARD 148
9 SWOT ANALYSIS 149
10 COMPANY PROFILE 150
10.1 ADM 150
10.1.1 COMPANY SNAPSHOT 150
10.1.2 COMPANY SHARE ANALYSIS 150
10.1.3 PRODUCT PORTFOLIO 151
10.1.4 REVENUE ANALYSIS 151
10.1.5 RECENT DEVELOPMENTS 151
10.2 RELIANCE INDUSTRIES LIMITED 152
10.2.1 COMPANY SNAPSHOT 152
10.2.2 REVENUE ANALYSIS 152
10.2.3 COMPANY SHARE ANALYSIS 153
10.2.4 PRODUCT PORTFOLIO 153
10.2.5 RECENT DEVELOPMENTS 153
10.3 BP P.L.C. 154
10.3.1 COMPANY SNAPSHOT 154
10.3.2 REVENUE ANALYSIS 154
10.3.3 COMPANY SHARE ANALYSIS 155
10.3.4 PRODUCT PORTFOLIO 155
10.3.5 RECENT DEVELOPMENTS 155
10.4 EASTMAN CHEMICAL COMPANY (2022) 156
10.4.1 COMPANY SNAPSHOT 156
10.4.2 REVENUE ANALYSIS 156
10.4.3 COMPANY SHARE ANALYSIS 157
10.4.4 PRODUCT PORTFOLIO 157
10.4.5 RECENT UPDATES 157
10.5 BHARAT PETROLEUM CORPORATION LIMITED (2022) 159
10.5.1 COMPANY SNAPSHOT 159
10.5.2 REVENUE ANALYSIS 159
10.5.3 COMPANY SHARE ANALYSIS 160
10.5.4 PRODUCT PORTFOLIO 160
10.5.5 RECENT DEVELOPMENT 160
10.6 OLIN CORPORATION 161
10.6.1 COMPANY SNAPSHOT 161
10.6.2 REVENUE ANALYSIS 161
10.6.3 PRODUCT PORTFOLIO 162
10.6.4 RECENT DEVELOPMENTS 163
10.7 ARKEMA (2022) 164
10.7.1 COMPANY SNAPSHOT 164
10.7.2 REVENUE ANALYSIS 164
10.7.3 PRODUCT PORTFOLIO 165
10.7.4 RECENT DEVELOPMENT 165
10.8 ASHLAND.(2022) 166
10.8.1 COMPANY SNAPSHOT 166
10.8.2 REVENUE ANALYSIS 166
10.8.3 PRODUCT PORTFOLIO 167
10.8.4 RECENT UPDATE 168
10.9 BASF SE 169
10.9.1 COMPANY SNAPSHOT 169
10.9.2 REVENUE ANALYSIS 169
10.9.3 PRODUCT PORTFOLIO 170
10.9.4 RECENT UPDATE 172
10.10 CARGILL, INCORPORATED 173
10.10.1 COMPANY SNAPSHOT 173
10.10.2 REVENUE ANALYSIS 173
10.10.3 PRODUCT PORTFOLIO 174
10.10.4 RECENT DEVELOPMENT 174
10.11 CELANESE CORPORATON(2022) 175
10.11.1 COMPANY SNAPSHOT 175
10.11.2 REVENUE ANALYSIS 175
10.11.3 PRODUCT PORTFOLIO 176
10.11.4 RECENT UPDATE 176
10.12 DOW 177
10.12.1 COMPANY SNAPSHOT 177
10.12.2 REVENUE ANALYSIS 177
10.12.3 PRODUCT PORTFOLIO 178
10.12.4 RECENT DEVELOPMENTS 180
10.13 EXXON MOBIL CORPORATION(2022) 181
10.13.1 COMPANY SNAPSHOT 181
10.13.2 REVENUE ANALYSIS 181
10.13.3 PRODUCT PORTFOLIO 182
10.13.4 RECENT UPDATES 182
10.14 HONEYWELL INTERNATIONAL INC. (2022) 183
10.14.1 COMPANY SNAPSHOT 183
10.14.2 REVENUE ANALYSIS 183
10.14.3 PRODUCT PORTFOLIO 184
10.14.4 RECENT DEVELOPMENTS 184
10.15 HUNTSMAN INTERNATIONAL LLC (2022) 185
10.15.1 COMPANY SNAPSHOT 185
10.15.2 REVENUE ANALYSIS 185
10.15.3 PRODUCT PORTFOLIO 186
10.15.4 RECENT DEVELOPMENT 186
10.16 INEOS GROUP HOLDINGS S.A. (2022) 187
10.16.1 COMPANY SNAPSHOT 187
10.16.2 REVENUE ANALYSIS 187
10.16.3 PRODUCT PORTFOLIO 188
10.16.4 RECENT DEVELOPMENT 188
10.17 INVISTA (A SUBSIDRIARY OF KOCH INDUSTRIES, INC.) 189
10.17.1 COMPANY SNAPSHOT 189
10.17.2 PRODUCT PORTFOLIO 189
10.17.3 RECENT DEVELOPMENTS 189
10.18 LYONDELLBASELL INDUSTRIES HOLDING B.V. (2022) 190
10.18.1 COMPANY SNAPSHOT 190
10.18.2 REVENUE ANALYSIS 190
10.18.3 PRODUCT PORTFOLIO 191
10.18.4 RECENT UPDATE 192
10.19 MONUMENT CHEMICAL 193
10.19.1 COMPANY SNAPSHOT 193
10.19.2 PRODUCT PORTFOLIO 193
10.19.3 RECENT DEVELOPMENTS 195
10.20 SHELL ASIA-PACIFIC (2022) 196
10.20.1 COMPANY SNAPSHOT 196
10.20.2 REVENUE ANALYSIS 196
10.20.3 PRODUCT PORTFOLIO 197
10.20.4 RECENT UPDATES 198
10.21 SOLVAY (2022) 199
10.21.1 COMPANY SNAPSHOT 199
10.21.2 REVENUE ANALYSIS 199
10.21.3 PRODUCT PORTFOLIO 200
10.21.4 RECENT DEVELOPMENTS 200
11 QUESTIONNAIRE 201
12 RELATED REPORTS 204
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