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Report
NA Solvents Market - Industry Trends and Forecast to 2030
Market Report I 2023-06-01 I 172 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:
North America 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 (U.S., Canada, Mexico) Industry Trends and Forecast to 2030
Overview of Global 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 NORTH AMERICA SOLVENTS MARKET, BY REGION 92
7.1 NORTH AMERICA 93
7.1.1 U.S. 101
7.1.2 CANADA 105
7.1.3 MEXICO 109
8 NORTH AMERICA SOLVENTS MARKET: COMPANY LANDSCAPE 113
8.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 113
8.2 PRODUCT LAUNCH 114
8.3 AGREEMENT 114
8.4 ACQUISITION 115
8.5 AWARD 116
9 SWOT ANALYSIS 117
10 COMPANY PROFILE 118
10.1 ADM 118
10.1.1 COMPANY SNAPSHOT 118
10.1.2 COMPANY SHARE ANALYSIS 118
10.1.3 PRODUCT PORTFOLIO 119
10.1.4 REVENUE ANALYSIS 119
10.1.5 RECENT DEVELOPMENTS 119
10.2 RELIANCE INDUSTRIES LIMITED 120
10.2.1 COMPANY SNAPSHOT 120
10.2.2 REVENUE ANALYSIS 120
10.2.3 COMPANY SHARE ANALYSIS 121
10.2.4 PRODUCT PORTFOLIO 121
10.2.5 RECENT DEVELOPMENTS 121
10.3 BP P.L.C. 122
10.3.1 COMPANY SNAPSHOT 122
10.3.2 REVENUE ANALYSIS 122
10.3.3 COMPANY SHARE ANALYSIS 123
10.3.4 PRODUCT PORTFOLIO 123
10.3.5 RECENT DEVELOPMENTS 123
10.4 EASTMAN CHEMICAL COMPANY (2022) 124
10.4.1 COMPANY SNAPSHOT 124
10.4.2 REVENUE ANALYSIS 124
10.4.3 COMPANY SHARE ANALYSIS 125
10.4.4 PRODUCT PORTFOLIO 125
10.4.5 RECENT UPDATES 125
10.5 BHARAT PETROLEUM CORPORATION LIMITED (2022) 127
10.5.1 COMPANY SNAPSHOT 127
10.5.2 REVENUE ANALYSIS 127
10.5.3 COMPANY SHARE ANALYSIS 128
10.5.4 PRODUCT PORTFOLIO 128
10.5.5 RECENT DEVELOPMENT 128
10.6 OLIN CORPORATION 129
10.6.1 COMPANY SNAPSHOT 129
10.6.2 REVENUE ANALYSIS 129
10.6.3 PRODUCT PORTFOLIO 130
10.6.4 RECENT DEVELOPMENTS 131
10.7 ARKEMA (2022) 132
10.7.1 COMPANY SNAPSHOT 132
10.7.2 REVENUE ANALYSIS 132
10.7.3 PRODUCT PORTFOLIO 133
10.7.4 RECENT DEVELOPMENT 133
10.8 ASHLAND.(2022) 134
10.8.1 COMPANY SNAPSHOT 134
10.8.2 REVENUE ANALYSIS 134
10.8.3 PRODUCT PORTFOLIO 135
10.8.4 RECENT UPDATE 136
10.9 BASF SE 137
10.9.1 COMPANY SNAPSHOT 137
10.9.2 REVENUE ANALYSIS 137
10.9.3 PRODUCT PORTFOLIO 138
10.9.4 RECENT UPDATE 140
10.10 CARGILL, INCORPORATED 141
10.10.1 COMPANY SNAPSHOT 141
10.10.2 REVENUE ANALYSIS 141
10.10.3 PRODUCT PORTFOLIO 142
10.10.4 RECENT DEVELOPMENT 142
10.11 CELANESE CORPORATON(2022) 143
10.11.1 COMPANY SNAPSHOT 143
10.11.2 REVENUE ANALYSIS 143
10.11.3 PRODUCT PORTFOLIO 144
10.11.4 RECENT UPDATE 144
10.12 DOW 145
10.12.1 COMPANY SNAPSHOT 145
10.12.2 REVENUE ANALYSIS 145
10.12.3 PRODUCT PORTFOLIO 146
10.12.4 RECENT DEVELOPMENTS 148
10.13 EXXON MOBIL CORPORATION(2022) 149
10.13.1 COMPANY SNAPSHOT 149
10.13.2 REVENUE ANALYSIS 149
10.13.3 PRODUCT PORTFOLIO 150
10.13.4 RECENT UPDATES 150
10.14 HONEYWELL INTERNATIONAL INC. (2022) 151
10.14.1 COMPANY SNAPSHOT 151
10.14.2 REVENUE ANALYSIS 151
10.14.3 PRODUCT PORTFOLIO 152
10.14.4 RECENT DEVELOPMENTS 152
10.15 HUNTSMAN INTERNATIONAL LLC (2022) 153
10.15.1 COMPANY SNAPSHOT 153
10.15.2 REVENUE ANALYSIS 153
10.15.3 PRODUCT PORTFOLIO 154
10.15.4 RECENT DEVELOPMENT 154
10.16 INEOS GROUP HOLDINGS S.A. (2022) 155
10.16.1 COMPANY SNAPSHOT 155
10.16.2 REVENUE ANALYSIS 155
10.16.3 PRODUCT PORTFOLIO 156
10.16.4 RECENT DEVELOPMENT 156
10.17 INVISTA (A SUBSIDRIARY OF KOCH INDUSTRIES, INC.) 157
10.17.1 COMPANY SNAPSHOT 157
10.17.2 PRODUCT PORTFOLIO 157
10.17.3 RECENT DEVELOPMENTS 157
10.18 LYONDELLBASELL INDUSTRIES HOLDING B.V. (2022) 158
10.18.1 COMPANY SNAPSHOT 158
10.18.2 REVENUE ANALYSIS 158
10.18.3 PRODUCT PORTFOLIO 159
10.18.4 RECENT UPDATE 160
10.19 MONUMENT CHEMICAL 161
10.19.1 COMPANY SNAPSHOT 161
10.19.2 PRODUCT PORTFOLIO 161
10.19.3 RECENT DEVELOPMENTS 163
10.20 SHELL NORTH AMERICA (2022) 164
10.20.1 COMPANY SNAPSHOT 164
10.20.2 REVENUE ANALYSIS 164
10.20.3 PRODUCT PORTFOLIO 165
10.20.4 RECENT UPDATES 166
10.21 SOLVAY (2022) 167
10.21.1 COMPANY SNAPSHOT 167
10.21.2 REVENUE ANALYSIS 167
10.21.3 PRODUCT PORTFOLIO 168
10.21.4 RECENT DEVELOPMENTS 168
11 QUESTIONNAIRE 169
12 RELATED REPORTS 172
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