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Global Industrial
Solvents Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014
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Report
Description
Report Description
A solution is defined as a mixture of two or more substances with uniform chemical and
physical properties. Every solution consists of two basic components as solvent and solute. The
main purpose of the solvent is to convert substances into a suitable form for a particular use,
with its ability to dissolve, suspend or attract other materials. Solvents once used can be
discarded, reused or recycled in an eco-friendly manner. Usually industrial solvents are liquids
but they can also be present in the form of solids and gases. The importance of solvent is
brought about the most important fact that, many substances exhibit their greater usefulness
when dispersed in a solution. Industrial solvents are typically used as ingredients in
formulation of products or processing auxiliaries in manufacturing. The physical and chemical
properties of a solution can be best utilized by making use of proper choice of solvents, thus
making themsui table for use into a variety of processes and methods of industrial
applications.
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Industrial solvents market has significantly changed the modern living and made solvents one
of the most valuable and useful products for various end user industries and manufacturing
companies. On the basis of application, industrial solvent market is segmented as
pharmaceuticals, cosmetics, printing ink, paints & coatings, and adhesives. Some of the more
important uses of industrial solvents are in electronic industry, pesticides, photographic
reproduction and textile industries. Large quantities of industrial solvents are also involved in
oil refining and recovery, dry cleaning, rubber and polymer, fuel additives and metal
degreasing. Most of the solvents in industrial solvents market are primarily used as dissolution
agent in various industries which accounts for about half of market share followed by
Report
Description
Report Description
On the basis of product types, industrial solvents market can be segmented intooxygenated,
hydrocarbon, and halogenated. These have been further segmented into alcohols, glycols,
ketones, ethers, glycol ethers and esters for oxygenated solvents, aromatic and aliphatic
solvents for hydrocarbon, perchloroethylene, methylene chloride, trichloroethylene for
halogenated solvents. The other possible segmentation of industrial solvents market can be
done on the basis of raw materials such conventional and green, whilst green industrial
solvents market is expected to show high CAGR during the forecast period.
On the basis of end use, the industrial solvents market is segmented into manufacturing
industrial solvents and non-manufacturing industrial solvents. Manufacturing industrial
solvents market as of 2013, commanded dominant market share whereas sub-segments of
non-manufacturing industrial solvents market such as transportation and cleaning are
anticipated to register high growth rate during the forecast period.
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Rapid industrialization in developing economies and chemical sales have led to significant
demand for industrial solvents market. Industrial solvents market is anticipated to grow at
higher pace in countries such as China, India and other developing countries due to potential
growth in industrial value added over the past few years.
Global industrial solvents market is expected to grow significantly with an increasing demand
from pharmaceuticals, paints and coatings industry. As of 2013, APAC was the predominant
industrial solvents market, followed by Europe and North America and is expected to maintain
its dominant position during the forecast period.
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