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Report
North America Solvents Market - Industry Trends and Forecast to 2030
Market Report I 2023-12-01 I 141 Pages I Data Bridge Market Research
North America solvents market is expected to reach USD 12,504.57 Million by 2030 from USD 8,888.09 Million in 2022, growing at a CAGR of 4.5% in the forecast period of 2023 to 2030
Market Segmentation
North America Solvents Market, By Category (Oxygenated Solvents, Hydrocarbon Solvents, and Halogenated Solventsy Source) (Conventional and Bio-Based), Application (Paints and Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Polymer Manufacturing, Agricultural Chemicals, Metal Cleaning, and Others), Country (U.S., Canada, and Mexico) - Industry Trends and Forecast to 2030
Overview of North America Solvents Market Dynamics
Driver
- Rising usage of printing inks for different industrial applications
Restraint
- Health and safety concerns related to the usage of solvents
Opportunity
- Shifting focus of manufacturers towards eco-friendly solvents
Market Players
Some of the key players operating in the North America solvents market are:
- Arkema
- INVISTA (A Subsidiary of Koch Industries, Inc.)
- Ashland
- 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 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 OVERVIEW 13
1.4 CURRENCY AND PRICING 14
1.5 LIMITATION 14
1.6 MARKETS COVERED 14
2 MARKET SEGMENTATION 16
2.1 MARKETS COVERED 16
2.2 GEOGRAPHICAL SCOPE 17
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 CURRENCY AND PRICING 17
2.5 DBMR TRIPOD DATA VALIDATION MODEL 18
2.6 PRODUCT LIFE LINE CURVE 21
2.7 MULTIVARIATE MODELING 22
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.9 DBMR MARKET POSITION GRID 24
2.10 MARKET APPLICATION COVERAGE GRID 25
2.11 DBMR MARKET CHALLENGE MATRIX 26
2.12 SECONDARY SOURCES 27
2.13 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 SUPPLY CHAIN ANALYSIS 32
4.1.1 OVERVIEW 32
4.1.2 LOGISTIC COST SCENARIO 32
4.1.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 33
4.2 TECHNOLOGICAL ADVANCEMENTS BY MANUFACTURERS 34
4.3 VENDOR SELECTION CRITERIA 35
4.4 LIST OF KEY BUYERS 37
4.5 RAW MATERIAL COVERAGE 44
5 REGULATION COVERAGE 45
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6 MARKET OVERVIEW 47
6.1 DRIVERS 49
6.1.1 GROWING DEMAND FOR SOLVENTS IN THE PAINTS AND COATINGS INDUSTRY 49
6.1.2 RISING USAGE OF PRINTING INKS FOR DIFFERENT INDUSTRIAL APPLICATIONS 49
6.1.3 RISING DEMAND FOR BEAUTY AND PERSONAL CARE PRODUCTS INDUSTRY 50
6.1.4 GROWING ADOPTION OF POLYMERS AND RUBBERS ACROSS VARIOUS SEGMENTS 50
6.1.5 POSITIVE OUTLOOK TOWARD THE AGROCHEMICALS INDUSTRY 51
6.1.6 RISING USE OF SOLVENTS IN THE PHARMACEUTICAL SECTOR 51
6.2 RESTRAINTS 52
6.2.1 HEALTH AND SAFETY CONCERNS RELATED TO THE USAGE OF SOLVENTS 52
6.2.2 TECHNICAL COMPLEXITIES IN SOLVENT RECOVERY AND REUSE 52
6.3 OPPORTUNITIES 53
6.3.1 SHIFTING THE FOCUS OF MANUFACTURERS TOWARD ECO-FRIENDLY SOLVENTS 53
6.3.2 IMMENSE POTENTIAL IN THE RENEWABLE ENERGY SECTOR 53
6.4 CHALLENGES 54
6.4.1 ISSUES IN TRANSPORTATION AND STORAGE OF SOLVENTS 54
6.4.2 STRINGENT RULES AND REGULATIONS 54
7 NORTH AMERICA SOLVENTS MARKET, BY CATGEORY 56
7.1 OVERVIEW 57
7.2 OXYGENATED SOLVENTS 58
7.2.1 OXYGENATED SOLVENTS, BY CATEGORY 58
7.2.1.1 ALCOHOLS 59
7.2.1.1.1 ETHANOL 59
7.2.1.1.2 METHANOL 59
7.2.1.1.3 PROPANOL 59
7.2.1.1.4 BUTANOL 59
7.2.1.2 GLYCOL ETHERS 60
7.2.1.2.1 E-SERIES GLYCOL ETHERS 60
7.2.1.2.2 P-SERIES GLYCOL ETHERS 60
7.2.1.2.3 BUTYL GLYCOL ETHERS 60
7.2.1.3 KETONES 60
7.2.1.3.1 ACETONE 61
7.2.1.3.2 MEK 61
7.2.1.3.3 MIBK 61
7.2.1.4 ESTERS 61
7.2.1.4.1 ETHYL ACETATE 61
7.2.1.4.2 BUTHYL ACETATE 61
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7.2.1.5 GLYCOLS 62
7.2.1.5.1 ETHYLENE GLYCOL 62
7.2.1.5.1.1 MEG 62
7.2.1.5.1.2 DEG 62
7.2.1.5.1.3 TEG 62
7.2.1.5.2 PROPYLENE GLYCOL 63
7.3 HYDROCARBON SOLVENTS 63
7.3.1 ALIPHATIC SOLVENTS 63
7.3.2 AROMATIC SOLVENTS 63
7.3.2.1 TOLUENE 63
7.3.2.2 XYLENE 64
7.3.2.2.1 MIXED-XYLENE 64
7.3.2.2.2 PARA-XYLENE 64
7.3.2.3 EHTYLBENZENE 64
7.4 HALOGENATED SOLVENTS 64
7.4.1 HALOGENATED SOLVENTS, BY CATEGORY 64
7.4.1.1 TRICHLOROETHYLENE 65
7.4.1.2 PERCHLOROETHYLENE 65
7.4.1.3 METHYLENE CHLORIDE 65
7.5 OTHERS 65
8 NORTH AMERICA SOLVENTS MARKET, BY SOURCE 66
8.1 OVERVIEW 67
8.2 CONVENTIONAL 68
8.3 BIO-BASED 68
9 NORTH AMERICA SOLVENTS MARKET, BY APPLICATION 69
9.1 OVERVIEW 70
9.2 PAINTS AND COATINGS 72
9.3 PHARMACEUTICALS 72
9.4 ADHESIVES 72
9.5 PRINTING INKS 72
9.6 PERSONAL CARE 72
9.7 POLYMER MANUFACTURING 72
9.8 AGRICULTURAL CHEMICALS 72
9.9 METAL CLEANING 72
9.10 OTHERS 72
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10 NORTH AMERICA SOLVENTS MARKET, BY COUNTRY 73
10.1 NORTH AMERICA 73
10.1.1 U.S. 75
10.1.2 CANADA 79
10.1.3 MEXICO 83
11 NORTH AMERICA SOLVENTS MARKET: COMPANY LANDSCAPE 87
11.1 COMPANY SHARE ANALYSIS: NORTH AMERICA 87
11.2 PRODUCT LAUNCH 88
11.3 ACQUISITION 88
11.4 COLLABORATION 88
12 SWOT ANALYSIS 89
13 COMPANY PROFILE 90
13.1 ADM 90
13.1.1 COMPANY SNAPSHOT 90
13.1.2 PRODUCT PORTFOLIO 90
13.1.3 REVENUE ANALYSIS 91
13.1.4 RECENT DEVELOPMENTS 91
13.2 RELIANCE INDUSTRIES LIMITED 92
13.2.1 COMPANY SNAPSHOT 92
13.2.2 REVENUE ANALYSIS 92
13.2.3 PRODUCT PORTFOLIO 93
13.2.4 RECENT DEVELOPMENTS 93
13.3 BP P.L.C. 94
13.3.1 COMPANY SNAPSHOT 94
13.3.2 REVENUE ANALYSIS 94
13.3.3 PRODUCT PORTFOLIO 95
13.3.4 RECENT DEVELOPMENTS 95
13.4 EASTMAN CHEMICAL COMPANY (2022) 96
13.4.1 COMPANY SNAPSHOT 96
13.4.2 REVENUE ANALYSIS 96
13.4.3 PRODUCT PORTFOLIO 97
13.4.4 RECENT DEVELOPMENTS 97
13.5 OLIN CORPORATION 98
13.5.1 COMPANY SNAPSHOT 98
13.5.2 REVENUE ANALYSIS 98
13.5.3 PRODUCT PORTFOLIO 99
13.5.4 RECENT DEVELOPMENTS 100
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13.6 ARKEMA (2022) 101
13.6.1 COMPANY SNAPSHOT 101
13.6.2 REVENUE ANALYSIS 101
13.6.3 PRODUCT PORTFOLIO 102
13.6.4 RECENT DEVELOPMENT 102
13.7 ASHLAND.(2022) 103
13.7.1 COMPANY SNAPSHOT 103
13.7.2 REVENUE ANALYSIS 103
13.7.3 PRODUCT PORTFOLIO 104
13.7.4 RECENT DEVELOPMENT 105
13.8 BASF SE 106
13.8.1 COMPANY SNAPSHOT 106
13.8.2 REVENUE ANALYSIS 106
13.8.3 PRODUCT PORTFOLIO 107
13.8.4 RECENT DEVELOPMENT 109
13.9 CARGILL, INCORPORATED 110
13.9.1 COMPANY SNAPSHOT 110
13.9.2 REVENUE ANALYSIS 110
13.9.3 PRODUCT PORTFOLIO 111
13.9.4 RECENT DEVELOPMENT 111
13.10 CELANESE CORPORATON(2022) 112
13.10.1 COMPANY SNAPSHOT 112
13.10.2 REVENUE ANALYSIS 112
13.10.3 PRODUCT PORTFOLIO 113
13.10.4 RECENT DEVELOPMENT 113
13.11 DOW 114
13.11.1 COMPANY SNAPSHOT 114
13.11.2 REVENUE ANALYSIS 114
13.11.3 PRODUCT PORTFOLIO 115
13.11.4 RECENT DEVELOPMENTS 117
13.12 EXXON MOBIL CORPORATION(2022) 118
13.12.1 COMPANY SNAPSHOT 118
13.12.2 REVENUE ANALYSIS 118
13.12.3 PRODUCT PORTFOLIO 119
13.12.4 RECENT DEVELOPMENTS 119
13.13 HONEYWELL INTERNATIONAL INC. (2022) 120
13.13.1 COMPANY SNAPSHOT 120
13.13.2 REVENUE ANALYSIS 120
13.13.3 PRODUCT PORTFOLIO 121
13.13.4 RECENT DEVELOPMENT 121
13.14 HUNTSMAN INTERNATIONAL LLC (2022) 122
13.14.1 COMPANY SNAPSHOT 122
13.14.2 REVENUE ANALYSIS 122
13.14.3 PRODUCT PORTFOLIO 123
13.14.4 RECENT DEVELOPMENT 123
13.15 INEOS GROUP HOLDINGS S.A. (2022) 124
13.15.1 COMPANY SNAPSHOT 124
13.15.2 REVENUE ANALYSIS 124
13.15.3 PRODUCT PORTFOLIO 125
13.15.4 RECENT DEVELOPMENT 125
13.16 INVISTA (A SUBSIDRIARY OF KOCH INDUSTRIES, INC.) 126
13.16.1 COMPANY SNAPSHOT 126
13.16.2 PRODUCT PORTFOLIO 126
13.16.3 RECENT DEVELOPMENTS 126
13.17 LYONDELLBASELL INDUSTRIES HOLDING B.V. (2022) 127
13.17.1 COMPANY SNAPSHOT 127
13.17.2 REVENUE ANALYSIS 127
13.17.3 PRODUCT PORTFOLIO 128
13.17.4 RECENT DEVELOPMENT 129
13.18 MONUMENT CHEMICAL 130
13.18.1 COMPANY SNAPSHOT 130
13.18.2 PRODUCT PORTFOLIO 130
13.18.3 RECENT DEVELOPMENTS 132
13.19 SHELL GLOBAL (2022) 133
13.19.1 COMPANY SNAPSHOT 133
13.19.2 REVENUE ANALYSIS 133
13.19.3 PRODUCT PORTFOLIO 134
13.19.4 RECENT DEVELOPMENTS 135
13.20 SOLVAY (2022) 136
13.20.1 COMPANY SNAPSHOT 136
13.20.2 REVENUE ANALYSIS 136
13.20.3 PRODUCT PORTFOLIO 137
13.20.4 RECENT DEVELOPMENTS 137
14 QUESTIONNAIRE 138
15 RELATED REPORTS 141
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