Table of Content

1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 YEARS CONSIDERED 36
1.3.4 CURRENCY CONSIDERED 36
1.3.5 UNIT CONSIDERED 37
1.4 STAKEHOLDERS 37
1.5 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
2.1.1 SECONDARY DATA 39
2.1.2 PRIMARY DATA 39
2.1.2.1 Key primary participants 39
2.1.2.2 Key industry insights 40
2.1.2.3 Breakdown of primaries 40
2.2 MARKET SIZE ESTIMATION 41
2.2.1 BOTTOM-UP APPROACH 41
2.3 DATA TRIANGULATION 43
2.4 GROWTH FORECAST 44
2.4.1 SUPPLY-SIDE ANALYSIS 45
2.4.2 DEMAND-SIDE ANALYSIS 45
2.5 RESEARCH ASSUMPTIONS 46
2.6 RESEARCH LIMITATIONS 47
2.7 RISK ASSESSMENT 47
3 EXECUTIVE SUMMARY 48
4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLVENTS MARKET 51
4.2 ASIA PACIFIC SOLVENTS MARKET, BY APPLICATION AND COUNTRY 51
4.3 SOLVENTS MARKET, BY REGION 52
4.4 SOLVENTS MARKET, BY TYPE VS. REGION 52
4.5 SOLVENTS MARKET, BY COUNTRY 53
?
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
5.2.1 DRIVERS 55
5.2.1.1 Rapid industrial growth 55
5.2.1.2 Expansion of paints & coatings industry 55
5.2.1.3 Rising workplace hygiene initiatives 55
5.2.2 RESTRAINTS 56
5.2.2.1 Stringent regulations related to use of solvents 56
5.2.3 OPPORTUNITIES 56
5.2.3.1 Increasing demand for green and bio-based solvents 56
5.2.3.2 Economic growth in developing countries 57
5.2.4 CHALLENGES 57
5.2.4.1 Fluctuating raw material prices 57
5.3 PORTER’S FIVE FORCES ANALYSIS 57
5.3.1 THREAT OF NEW ENTRANTS 58
5.3.2 THREAT OF SUBSTITUTES 59
5.3.3 BARGAINING POWER OF SUPPLIERS 59
5.3.4 BARGAINING POWER OF BUYERS 59
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 59
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 60
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS 60
5.4.2 BUYING CRITERIA 61
5.5 MACROECONOMIC INDICATORS 62
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 62
6 INDUSTRY TRENDS 63
6.1 SUPPLY CHAIN ANALYSIS 63
6.2 PRICING ANALYSIS 64
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 64
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION 65
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 66
6.4 ECOSYSTEM ANALYSIS 67
6.5 CASE STUDY ANALYSIS 69
6.5.1 EXXONMOBIL CHEMICAL’S STRATEGIC DIVERSIFICATION IN SOLVENTS PORTFOLIO 69
6.5.2 DOW INC.’S ADVANCED SOLVENT SOLUTIONS FOR HIGH-PERFORMANCE COATINGS 69
6.5.3 BASF’S INNOVATION IN ECO-FRIENDLY SOLVENTS 70
6.6 TECHNOLOGY ANALYSIS 70
6.6.1 KEY TECHNOLOGIES 70
6.6.1.1 Solvent recycling and reuse technology 70
6.6.1.2 Green solvent technology 71
6.6.2 COMPLEMENTARY TECHNOLOGIES 71
6.6.2.1 Supercritical fluid technology 71
6.7 TRADE ANALYSIS 71
6.7.1 IMPORT SCENARIO (HS CODE 381400) 71
6.7.2 EXPORT SCENARIO (HS CODE 381400) 72
6.8 REGULATORY LANDSCAPE 73
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND
OTHER ORGANIZATIONS 73
6.9 KEY CONFERENCES AND EVENTS, 2024–2025 77
6.10 INVESTMENT AND FUNDING SCENARIO 77
6.11 PATENT ANALYSIS 78
6.11.1 APPROACH 78
6.11.2 DOCUMENT TYPES 78
6.11.3 TOP APPLICANTS 80
6.11.4 JURISDICTION ANALYSIS 82
6.12 IMPACT OF AI/GEN AI ON SOLVENTS MARKET 83
7 SOLVENTS MARKET, BY SOURCE 84
7.1 INTRODUCTION 84
7.2 NATURAL SOURCES 84
7.3 DERIVED SOURCES 84
7.3.1 PETROLEUM-BASED SOURCES 84
7.3.2 SYNTHETIC SOURCES 85
8 SOLVENTS MARKET, BY TYPE 86
8.1 INTRODUCTION 87
8.2 OXYGENATED SOLVENTS 89
8.2.1 HIGH SOLVENCY POWER AND LOW VOC CONTENT TO DRIVE DEMAND 89
8.2.2 ALCOHOLS 93
8.2.2.1 Excellent solvency properties to fuel demand 93
8.2.2.2 Methanol 96
8.2.2.2.1 Rising use in chemical manufacturing to propel market 96
8.2.2.3 Ethanol 98
8.2.2.3.1 High versatility to drive demand 98
8.2.2.4 Propanol 100
8.2.2.4.1 Growing automotive and construction industries to
boost demand 100
8.2.2.4.2 Isopropanol 102
8.2.2.4.3 N-propanol 102
8.2.2.5 Butanol 103
8.2.2.5.1 Rising use in personal care products to drive demand 103
8.2.2.5.2 Isobutanol 104
8.2.2.5.3 N-butanol 105
8.2.3 GLYCOLS 105
8.2.3.1 High demand for propylene glycol in pharmaceutical and personal care industries to drive market 105
8.2.3.2 Ethylene glycol 108
8.2.3.2.1 High demand for mono-ethylene glycol in printing inks, chemical separation, and cleaning applications to drive market 108
8.2.3.2.2 Monoethylene glycol (MEG) 109
8.2.3.2.3 Diethylene glycol (DEG) 110
8.2.3.2.4 Triethylene glycol (TEG) 110
8.2.3.3 Propylene glycol 111
8.2.3.3.1 Non-toxic nature of propylene glycol to drive demand 111
8.2.4 GLYCOL ETHERS 113
8.2.4.1 High boiling point and favorable solvent properties to drive demand 113
8.2.4.2 E-series glycol ethers 115
8.2.4.2.1 Excellent solvency, chemical stability, and compatibility with water to boost market growth 115
8.2.4.3 P-series glycol ethers 117
8.2.4.3.1 Rising use of p-series glycol ethers in various applications to propel market 117
8.2.4.4 Butyl glycol ethers 118
8.2.4.4.1 Increasing demand in cosmetics, agricultural chemicals, and paints & coatings applications to fuel demand 118
8.2.5 KETONES 120
8.2.5.1 Rising demand in manufacturing explosives, lacquers, paints,
and textiles sector to propel market 120
8.2.5.2 Acetone 122
8.2.5.2.1 Growing demand in paper and pharmaceutical applications to drive market 122
8.2.5.3 Methyl ethyl ketone (MEK) 124
8.2.5.3.1 Increasing use in adhesives, printing inks, and magnetic tapes to drive market 124
8.2.5.4 Methyl isobutyl ketone (MIBK) 126
8.2.5.4.1 Growing adoption of MIBK as industrial and hard surface cleaners to fuel market growth 126
8.2.6 ESTERS 128
8.2.6.1 Use in fragrances, cosmetics, and personal care, and as processing solvents in pharmaceutical industry to drive demand 128
8.2.6.2 Ethyl acetate 131
8.2.6.2.1 Low toxicity and cost and pleasant odor to fuel demand 131
8.2.6.3 Butyl acetate 133
8.2.6.3.1 Increasing applications in chemical and pharmaceutical industries to drive market 133
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8.3 HYDROCARBON SOLVENTS 135
8.3.1 ABILITY TO ELIMINATE WASTEWATER PRODUCTION AND RECYCLABILITY FEATURE TO DRIVE DEMAND 135
8.3.2 ALIPHATIC SOLVENTS 139
8.3.2.1 Use of pentane, isopentane, hexane, cyclohexane, and octane
in various applications to drive market 139
8.3.3 AROMATIC SOLVENTS 140
8.3.3.1 High use in paints & coatings, personal care, and adhesives to
fuel market growth 140
8.3.3.2 Toluene 143
8.3.3.2.1 Rising vehicle sales to drive demand 143
8.3.3.3 Xylene 145
8.3.3.3.1 Use of xylene as industrial solvent to drive market 145
8.3.3.3.2 Para-xylene 146
8.3.3.3.3 Mixed-xylene 147
8.3.3.4 Ethylbenzene 147
8.3.3.4.1 Use of ethylbenzene in adhesives and inks to boost
market growth 147
8.4 HALOGENATED SOLVENTS 149
8.4.1 RISING DEMAND IN METAL CLEANING APPLICATIONS TO DRIVE MARKET 149
8.4.2 METHYLENE CHLORIDE 153
8.4.2.1 Use in production of pharmaceuticals, chemicals, and polymers
to drive market 153
8.4.3 TRICHLOROETHYLENE 155
8.4.3.1 Restrictions on use in Europe and North America to hamper demand 155
8.4.4 PERCHLOROETHYLENE 157
8.4.4.1 Restrictions on use in dry cleaning industry and high toxicity to
hinder market growth 157
9 SOLVENTS MARKET, BY APPLICATION 159
9.1 INTRODUCTION 160
9.2 PAINTS & COATINGS 162
9.2.1 EXTENSIVE USE OF PAINTS & COATINGS IN VARIOUS INDUSTRIES
AND SECTORS TO FUEL MARKET GROWTH 162
9.3 PHARMACEUTICALS 164
9.3.1 HIGH SIGNIFICANCE OF SOLVENTS IN DRUG FORMULATIONS TO
DRIVE DEMAND 164
9.4 ADHESIVES 165
9.4.1 NEED FOR PRECISE CONTROL OVER ADHESIVE VISCOSITY AND
CONSISTENCY TO PROPEL DEMAND 165
9.5 PRINTING INKS 167
9.5.1 RAPID ADVANCEMENTS IN PRINTING TECHNOLOGIES TO DRIVE DEMAND 167
9.6 PERSONAL CARE 169
9.6.1 INCREASING CONSUMER PREFERENCE FOR AESTHETICALLY APPEALING PRODUCTS TO FUEL DEMAND 169
9.7 METAL CLEANING 170
9.7.1 INCREASING USE OF ORGANIC AND AQUEOUS SOLVENTS TO CLEAN
METAL PARTS AND COMPONENTS TO DRIVE MARKET 170
9.8 POLYMER & RUBBER MANUFACTURING 172
9.8.1 VITAL ROLE OF SOLVENTS IN DISSOLUTION AND DISPERSION OF
POLYMERS TO DRIVE DEMAND 172
9.9 AGRICULTURAL CHEMICALS 174
9.9.1 RISING ADOPTION OF SUSTAINABLE AGRICULTURAL PRACTICES
TO DRIVE DEMAND 174
9.10 OTHER APPLICATIONS 175
10 SOLVENTS MARKET, BY REGION 178
10.1 INTRODUCTION 179
10.2 ASIA PACIFIC 181
10.2.1 CHINA 187
10.2.1.1 Rapid industrialization to drive market 187
10.2.2 JAPAN 189
10.2.2.1 Booming construction industry to fuel demand 189
10.2.3 INDIA 191
10.2.3.1 Increasing infrastructure development to drive market 191
10.2.4 SOUTH KOREA 193
10.2.4.1 Rising use in shipbuilding, electronics, and manufacturing
industries to drive market 193
10.2.5 INDONESIA 195
10.2.5.1 Infrastructure development and growing agriculture industry
to fuel demand 195
10.3 EUROPE 197
10.3.1 GERMANY 204
10.3.1.1 Increasing automobile production to drive demand 204
10.3.2 FRANCE 206
10.3.2.1 Expanding automotive and aerospace & defense industries
to drive market 206
10.3.3 ITALY 209
10.3.3.1 Growth of manufacturing sector to drive market 209
10.3.4 RUSSIA 211
10.3.4.1 Large industrial base with significant natural resources
to drive demand 211
10.3.5 SPAIN 213
10.3.5.1 Booming pharmaceutical industry to fuel demand 213
10.3.6 UK 215
10.3.6.1 Strong manufacturing base to drive market 215
10.3.7 BELGIUM 217
10.3.7.1 Diversified economy to drive demand 217
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10.4 NORTH AMERICA 219
10.4.1 US 225
10.4.1.1 Presence of key players to drive market 225
10.4.2 CANADA 226
10.4.2.1 Strong oil & gas base to drive market 226
10.4.3 MEXICO 228
10.4.3.1 Low production cost and availability of cheap labor to drive market 228
10.5 MIDDLE EAST & AFRICA 230
10.5.1 GCC COUNTRIES 236
10.5.1.1 Saudi Arabia 237
10.5.1.1.1 Increasing foreign investments in various industries due
to tax concessions to drive market 237
10.5.1.2 Qatar 239
10.5.1.2.1 Presence of proven oil & gas reserves and booming construction industry to drive market 239
10.5.2 TURKEY 241
10.5.2.1 Favorable geographic location and well-targeted economic
policies to support market growth 241
10.5.3 IRAN 243
10.5.3.1 Increasing vehicle production to drive market 243
10.5.4 SOUTH AFRICA 245
10.5.4.1 Economic growth to fuel demand 245
10.6 SOUTH AMERICA 247
10.6.1 BRAZIL 252
10.6.1.1 Increasing demand in agriculture chemicals applications
to drive market 252
10.6.2 ARGENTINA 254
10.6.2.1 Increasing vehicle sales to fuel demand 254
11 COMPETITIVE LANDSCAPE 257
11.1 OVERVIEW 257
11.2 KEY PLAYERS/RIGHT TO WIN 257
11.3 MARKET SHARE ANALYSIS, 2023 258
11.4 REVENUE ANALYSIS, 2019–2023 260
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 261
11.5.1 STARS 261
11.5.2 EMERGING LEADERS 261
11.5.3 PERVASIVE PLAYERS 261
11.5.4 PARTICIPANTS 261
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 263
11.5.5.1 Company footprint 263
11.5.5.2 Type footprint 264
11.5.5.3 Application footprint 265
11.5.5.4 Region footprint 266
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 267
11.6.1 PROGRESSIVE COMPANIES 267
11.6.2 RESPONSIVE COMPANIES 267
11.6.3 DYNAMIC COMPANIES 267
11.6.4 STARTING BLOCKS 267
11.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 268
11.6.5.1 Detailed list of key startups/SMEs 268
11.6.5.2 Competitive benchmarking of key startups/SMEs 269
11.7 BRAND/PRODUCT COMPARISON 269
11.8 COMPANY VALUATION AND FINANCIAL METRICS 271
11.9 COMPETITIVE SCENARIO 272
11.9.1 DEALS 272
11.9.2 EXPANSIONS 273
12 COMPANY PROFILES 275
12.1 KEY PLAYERS 275
12.1.1 SHELL PLC 275
12.1.1.1 Business overview 275
12.1.1.2 Products/Solutions/Services offered 276
12.1.1.3 MnM view 279
12.1.1.3.1 Key strengths/Right to win 279
12.1.1.3.2 Strategic choices 279
12.1.1.3.3 Weaknesses/Competitive threats 279
12.1.2 BASF SE 280
12.1.2.1 Business overview 280
12.1.2.2 Products/Solutions/Services offered 281
12.1.2.3 Recent developments 283
12.1.2.3.1 Deals 283
12.1.2.3.2 Expansions 284
12.1.2.4 MnM View 284
12.1.2.4.1 Key strengths/Right to win 284
12.1.2.4.2 Strategic choices 284
12.1.2.4.3 Weaknesses/Competitive threats 284
12.1.3 EXXON MOBIL CORPORATION 285
12.1.3.1 Business overview 285
12.1.3.2 Products/Solutions/Services offered 286
12.1.3.3 Recent developments 287
12.1.3.3.1 Expansions 287
12.1.3.4 MnM view 288
12.1.3.4.1 Key strengths/Right to win 288
12.1.3.4.2 Strategic choices 288
12.1.3.4.3 Weaknesses/Competitive threats 288
12.1.4 LYONDELLBASELL INDUSTRIES HOLDINGS B.V. 289
12.1.4.1 Business overview 289
12.1.4.2 Products/Solutions/Services offered 290
12.1.4.3 Recent developments 293
12.1.4.3.1 Expansions 293
12.1.4.4 MnM view 293
12.1.4.4.1 Key strengths/Right to win 293
12.1.4.4.2 Strategic choices 293
12.1.4.4.3 Weaknesses/Competitive threats 293
12.1.5 EASTMAN CHEMICAL COMPANY 294
12.1.5.1 Business overview 294
12.1.5.2 Products/Solutions/Services offered 295
12.1.5.3 Recent developments 298
12.1.5.3.1 Expansions 298
12.1.5.4 MnM View 298
12.1.5.4.1 Key strengths/Right to win 298
12.1.5.4.2 Strategic choices 298
12.1.5.4.3 Weaknesses/Competitive threats 298
12.1.6 ASHLAND GLOBAL HOLDINGS INC. 299
12.1.6.1 Business overview 299
12.1.6.2 Products/Solutions/Services offered 301
12.1.7 CELANESE CORPORATION 302
12.1.7.1 Business overview 302
12.1.7.2 Products/Solutions/Services offered 304
12.1.7.3 Recent developments 305
12.1.7.3.1 Expansions 305
12.1.8 HUNTSMAN INTERNATIONAL LLC 306
12.1.8.1 Business overview 306
12.1.8.2 Products/Solutions/Services offered 308
12.1.9 SOLVAY SA 309
12.1.9.1 Business overview 309
12.1.9.2 Products/Solutions/Services offered 311
12.1.10 HONEYWELL INTERNATIONAL INC. 312
12.1.10.1 Business overview 312
12.1.10.2 Products/Solutions/Services offered 313
12.1.10.3 Recent developments 314
12.1.10.3.1 Deals 314
12.1.11 BP P.L.C. 315
12.1.11.1 Business overview 315
12.1.11.2 Products/Solutions/Services offered 316
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12.1.12 INEOS GROUP HOLDINGS S.A. 317
12.1.12.1 Business overview 317
12.1.12.2 Products/Solutions/Services offered 319
12.1.12.3 Recent developments 319
12.1.12.3.1 Deals 319
12.2 STARTUP/SMES 320
12.2.1 TOTALENERGIES SE 320
12.2.2 SASOL 320
12.2.3 ARKEMA SA 321
12.2.4 BHARAT PETROLEUM CORPORATION LIMITED 321
12.2.5 CARGILL 322
12.2.6 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 322
12.2.7 DOW INC. 323
12.2.8 FLOTEK INDUSTRIES, INC. 323
12.2.9 INVISTA S.? R.L. 324
12.2.10 MONUMENT CHEMICAL 324
12.2.11 OLIN CORPORATION 325
12.2.12 RELIANCE INDUSTRIES LIMITED 325
12.2.13 THAIOIL SOLVENT CO., LTD. 326
13 ADJACENT & RELATED MARKETS 327
13.1 INTRODUCTION 327
13.2 LIMITATION 327
13.3 PAINTS & COATINGS MARKET 327
13.3.1 MARKET DEFINITION 327
13.3.2 MARKET OVERVIEW 327
13.4 PAINTS & COATINGS MARKET, BY REGION 328
13.4.1 EUROPE 328
13.4.2 NORTH AMERICA 328
13.4.3 ASIA PACIFIC 329
13.4.4 MIDDLE EAST & AFRICA 330
13.4.5 SOUTH AMERICA 331
14 APPENDIX 332
14.1 DISCUSSION GUIDE 332
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS? SUBSCRIPTION PORTAL 335
14.3 CUSTOMIZATION OPTIONS 337
14.4 RELATED REPORTS 337
14.5 AUTHOR DETAILS 338



List of Figures

FIGURE 1 SOLVENTS MARKET SEGMENTATION 33
FIGURE 2 SOLVENTS MARKET: RESEARCH DESIGN 38
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF MAJOR PLAYERS 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM-UP) 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP
(DEMAND SIDE): PRODUCTS SOLD 42
FIGURE 6 SOLVENTS MARKET: DATA TRIANGULATION 44
FIGURE 7 MARKET GROWTH PROJECTION FROM SUPPLY SIDE 45
FIGURE 8 MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS
AND OPPORTUNITIES 46
FIGURE 9 OXYGENATED SOLVENTS SEGMENT TO LEAD MARKET IN 2029 49
FIGURE 10 PAINTS & COATINGS SEGMENT TO LEAD SOLVENTS MARKET IN 2029 49
FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 50
FIGURE 12 GROWING DEMAND FOR SOLVENTS IN PAINTS & COATINGS, ADHESIVES, AND PRINTING INK APPLICATIONS TO CREATE GROWTH OPPORTUNITIES
FOR MARKET PLAYERS 51
FIGURE 13 PAINTS & COATINGS SEGMENT AND CHINA LED ASIA PACIFIC SOLVENTS
MARKET IN 2023 51
FIGURE 14 ASIA PACIFIC TO BE LARGEST MARKET FOR SOLVENTS DURING FORECAST PERIOD 52
FIGURE 15 OXYGENATED SOLVENTS SEGMENT ACCOUNTED FOR LARGEST SHARES
OF ALL REGIONAL MARKETS IN 2023 52
FIGURE 16 INDIA TO BE FASTEST-GROWING SOLVENTS MARKET DURING FORECAST PERIOD 53
FIGURE 17 SOLVENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 54
FIGURE 18 SOLVENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 58
FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION 60
FIGURE 20 KEY BUYING CRITERIA, BY APPLICATION 61
FIGURE 21 SOLVENTS MARKET: SUPPLY CHAIN ANALYSIS 63
FIGURE 22 AVERAGE SELLING PRICE TREND OF SOLVENTS OFFERED BY KEY PLAYERS BY APPLICATION, 2023 (USD/KG) 64
FIGURE 23 AVERAGE SELLING PRICE TREND OF SOLVENTS, BY REGION 2020–2024 AND 2029 (USD/KG) 66
FIGURE 24 TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS 67
FIGURE 25 PARTICIPANTS IN SOLVENTS ECOSYSTEM 67
FIGURE 26 IMPORT DATA FOR HS CODE 381400-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2023 (USD MILLION) 72
FIGURE 27 EXPORT DATA FOR HS CODE 381400-COMPLIANT PRODUCTS, BY KEY COUNTRY, 2018–2023 (USD MILLION) 73
FIGURE 28 PATENTS REGISTERED FOR SOLVENTS, 2013–2023 79
FIGURE 29 MAJOR PATENTS RELATED TO SOLVENTS, 2013–2023 79
FIGURE 30 LEGAL STATUS OF PATENTS FILED RELATED TO SOLVENTS, 2013–2023 82
FIGURE 31 MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA, 2013–2023 82
FIGURE 32 IMPACT OF AI/GEN AI ON SOLVENTS MARKET 83
FIGURE 33 OXYGENATED SOLVENTS SEGMENT TO DOMINATE MARKET DURING
FORECAST PERIOD 88
FIGURE 34 PAINTS & COATINGS SEGMENT TO ACCOUNT FOR LARGEST MARKET
SHARE IN 2024 160
FIGURE 35 ASIA PACIFIC TO BE FASTEST-GROWING SOLVENTS MARKET
DURING FORECAST PERIOD 179
FIGURE 36 ASIA PACIFIC: SOLVENTS MARKET SNAPSHOT 181
FIGURE 37 EUROPE: SOLVENTS MARKET SNAPSHOT 198
FIGURE 38 NORTH AMERICA: SOLVENTS MARKET SNAPSHOT 219
FIGURE 39 SOLVENTS MARKET SHARE ANALYSIS, 2023 259
FIGURE 40 SOLVENTS MARKET: REVENUE ANALYSIS OF KEY PLAYERS 2019–2023 (USD MILLION) 260
FIGURE 41 SOLVENTS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 262
FIGURE 42 SOLVENTS MARKET: COMPANY FOOTPRINT 263
FIGURE 43 SOLVENTS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023 268
FIGURE 44 SOLVENTS MARKET: BRAND/PRODUCT COMPARISON 270
FIGURE 45 SOLVENTS MARKET: EV/EBITDA OF KEY MANUFACTURERS 271
FIGURE 46 SOLVENTS MARKET: ENTERPRISE VALUATION OF KEY PLAYERS 271
FIGURE 47 SHELL PLC: COMPANY SNAPSHOT 276
FIGURE 48 BASF SE: COMPANY SNAPSHOT 281
FIGURE 49 EXXON MOBIL CORPORATION: COMPANY SNAPSHOT 286
FIGURE 50 LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT 290
FIGURE 51 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT 295
FIGURE 52 ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT 300
FIGURE 53 CELANESE CORPORATION: COMPANY SNAPSHOT 303
FIGURE 54 HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT 307
FIGURE 55 SOLVAY SA: COMPANY SNAPSHOT 310
FIGURE 56 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 313
FIGURE 57 BP P.L.C.: COMPANY SNAPSHOT 316
FIGURE 58 INEOS GROUP HOLDINGS S.A.: COMPANY SNAPSHOT 318

List of Tables

TABLE 1 SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY TYPE 34
TABLE 2 SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY APPLICATION 35
TABLE 3 SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY SOURCE 36
TABLE 4 REGULATIONS RELATED TO SOLVENTS 56
TABLE 5 SOLVENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 58
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%) 60
TABLE 7 KEY BUYING CRITERIA, BY APPLICATION 61
TABLE 8 GDP TRENDS AND FORECAST, BY COUNTRY, 2021–2029 (USD BILLION) 62
TABLE 9 AVERAGE SELLING PRICE TREND OF SOLVENTS OFFERED BY KEY PLAYERS BY APPLICATION, 2023 (USD/KG) 65
TABLE 10 AVERAGE SELLING PRICE TREND OF SOLVENTS, BY APPLICATION 2019–2023 (USD/KG) 65
TABLE 11 AVERAGE SELLING PRICE TREND OF SOLVENTS, BY REGION 2020–2024 AND 2029 (USD/KG) 66
TABLE 12 ROLES OF COMPANIES IN SOLVENTS ECOSYSTEM 68
TABLE 13 IMPORT DATA RELATED TO HS CODE 381400-COMPLIANT PRODUCTS, BY REGION, 2018–2023 (USD MILLION) 72
TABLE 14 EXPORT DATA RELATED TO HS CODE 381400-COMPLIANT PRODUCTS, BY REGION, 2018–2023 (USD MILLION) 73
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 74
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 74
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 75
TABLE 18 GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES AND OTHER ORGANIZATIONS 76
TABLE 19 SOLVENTS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 77
TABLE 20 SOLVENTS MARKET: INVESTMENT AND FUNDING SCENARIO 78
TABLE 21 SOLVENTS MARKET: PATENT STATUS, 2013–2023 78
TABLE 22 LIST OF MAJOR PATENTS RELATED TO SOLVENTS, 2013–2023 80
TABLE 23 PATENTS BY BASF SE 81
TABLE 24 MAJOR POLAR AND NON-POLAR SOLVENTS 87
TABLE 25 SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 88
TABLE 26 SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 88
TABLE 27 SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 89
TABLE 28 SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 89
TABLE 29 OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 89
TABLE 30 OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 90
TABLE 31 OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 90
TABLE 32 OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 91
TABLE 33 OXYGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 91
TABLE 34 OXYGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 91
TABLE 35 OXYGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 92
TABLE 36 OXYGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 92
TABLE 37 OXYGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 92
TABLE 38 OXYGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 92
TABLE 39 OXYGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 93
TABLE 40 OXYGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 93
TABLE 41 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 94
TABLE 42 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 94
TABLE 43 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 94
TABLE 44 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 95
TABLE 45 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 95
TABLE 46 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 95
TABLE 47 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE 2018–2023 (USD MILLION) 96
TABLE 48 ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE 2024–2029 (USD MILLION) 96
TABLE 49 METHANOL: GENERAL PROPERTIES 96
TABLE 50 METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION, 2018–2023 (KILOTON) 97
TABLE 51 METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION, 2024–2029 (KILOTON) 97
TABLE 52 METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION, 2018–2023 (USD MILLION) 97
TABLE 53 METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION, 2024–2029 (USD MILLION) 98
TABLE 54 ETHANOL: GENERAL PROPERTIES 98
TABLE 55 ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (KILOTON) 99
TABLE 56 ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (KILOTON) 99
TABLE 57 ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (USD MILLION) 99
TABLE 58 ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (USD MILLION) 100
TABLE 59 PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (KILOTON) 100
TABLE 60 PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (KILOTON) 101
TABLE 61 PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (USD MILLION) 101
TABLE 62 PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (USD MILLION) 101
TABLE 63 IPA: GENERAL PROPERTIES 102
TABLE 64 N-PROPANOL: GENERAL PROPERTIES 102
TABLE 65 BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (KILOTON) 103
TABLE 66 BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (KILOTON) 103
TABLE 67 BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2018–2023 (USD MILLION) 104
TABLE 68 BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS, BY REGION 2024–2029 (USD MILLION) 104
TABLE 69 ISO-BUTANOL: GENERAL PROPERTIES 104
TABLE 70 N-BUTANOL: GENERAL PROPERTIES 105
TABLE 71 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 105
TABLE 72 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 106
TABLE 73 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 106
TABLE 74 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 106
TABLE 75 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 107
TABLE 76 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 107
TABLE 77 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 107
TABLE 78 GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 107
TABLE 79 ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS, BY REGION, 2018–2023 (KILOTON) 108
TABLE 80 ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS, BY REGION, 2024–2029 (KILOTON) 108
TABLE 81 ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS, BY REGION, 2018–2023 (USD MILLION) 109
TABLE 82 ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS, BY REGION, 2024–2029 (USD MILLION) 109
TABLE 83 MONOETHYLENE GLYCOL: GENERAL PROPERTIES 109
TABLE 84 DIETHYLENE GLYCOL: GENERAL PROPERTIES 110
TABLE 85 TRIETHYLENE GLYCOL: GENERAL PROPERTIES 110
TABLE 86 PROPYLENE GLYCOL: GENERAL PROPERTIES 111
TABLE 87 PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS BY REGION, 2018–2023 (KILOTON) 111
TABLE 88 PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS BY REGION, 2024–2029 (KILOTON) 112
TABLE 89 PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS BY REGION, 2018–2023 (USD MILLION) 112
TABLE 90 PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS BY REGION, 2024–2029 (USD MILLION) 112
TABLE 91 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 113
TABLE 92 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 113
TABLE 93 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 114
TABLE 94 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 114
TABLE 95 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY TYPE 2018–2023 (KILOTON) 114
TABLE 96 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY TYPE 2024–2029 (KILOTON) 114
TABLE 97 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY TYPE 2018–2023 (USD MILLION) 115
TABLE 98 GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET, BY TYPE 2024–2029 (USD MILLION) 115
TABLE 99 E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON) 115
TABLE 100 E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON) 116
TABLE 101 E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION) 116
TABLE 102 E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION) 116
TABLE 103 P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON) 117
TABLE 104 P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON) 117
TABLE 105 P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION) 118
TABLE 106 P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION) 118
TABLE 107 BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON) 118
TABLE 108 BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON) 119
TABLE 109 BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION) 119
TABLE 110 BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION) 119
TABLE 111 KETONES: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 120
TABLE 112 KETONES: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 120
TABLE 113 KETONES: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 121
TABLE 114 KETONES: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 121
TABLE 115 KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 121
TABLE 116 KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 121
TABLE 117 KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE 2018–2023 (USD MILLION) 122
TABLE 118 KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE 2024–2029 (USD MILLION) 122
TABLE 119 ACETONE: GENERAL PROPERTIES 122
TABLE 120 ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (KILOTON) 123
TABLE 121 ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (KILOTON) 123
TABLE 122 ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (USD MILLION) 123
TABLE 123 ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (USD MILLION) 124
TABLE 124 MEK: GENERAL PROPERTIES 124
TABLE 125 MEK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (KILOTON) 125
TABLE 126 MEK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (KILOTON) 125
TABLE 127 MEK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (USD MILLION) 125
TABLE 128 MEK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (USD MILLION) 126
TABLE 129 MIBK: GENERAL PROPERTIES 126
TABLE 130 MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (KILOTON) 127
TABLE 131 MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (KILOTON) 127
TABLE 132 MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2018–2023 (USD MILLION) 127
TABLE 133 MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES, BY REGION 2024–2029 (USD MILLION) 128
TABLE 134 ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 128
TABLE 135 ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 129
TABLE 136 ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 129
TABLE 137 ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 129
TABLE 138 ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 130
TABLE 139 ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 130
TABLE 140 ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 130
TABLE 141 ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 130
TABLE 142 ETHYL ACETATE: GENERAL PROPERTIES 131
TABLE 143 ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2018–2023 (KILOTON) 131
TABLE 144 ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2024–2029 (KILOTON) 132
TABLE 145 ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2018–2023 (USD MILLION) 132
TABLE 146 ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2024–2029 (USD MILLION) 132
TABLE 147 BUTYL ACETATE: GENERAL PROPERTIES 133
TABLE 148 BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2018–2023 (KILOTON) 133
TABLE 149 BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2024–2029 (KILOTON) 134
TABLE 150 BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2018–2023 (USD MILLION) 134
TABLE 151 BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS, BY REGION, 2024–2029 (USD MILLION) 134
TABLE 152 HYDROCARBON: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 135
TABLE 153 HYDROCARBON: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 135
TABLE 154 HYDROCARBON: SOLVENTS MARKET, BY APPLICATION 2018–2023 (USD MILLION) 136
TABLE 155 HYDROCARBON: SOLVENTS MARKET, BY APPLICATION 2024–2029 (USD MILLION) 136
TABLE 156 HYDROCARBON: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 136
TABLE 157 HYDROCARBON: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 137
TABLE 158 HYDROCARBON: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 137
TABLE 159 HYDROCARBON: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 137
TABLE 160 HYDROCARBON: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 138
TABLE 161 HYDROCARBON: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 138
TABLE 162 HYDROCARBON SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 138
TABLE 163 HYDROCARBON SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 138
TABLE 164 ALIPHATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 139
TABLE 165 ALIPHATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 139
TABLE 166 ALIPHATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 140
TABLE 167 ALIPHATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 140
TABLE 168 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 140
TABLE 169 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 141
TABLE 170 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 141
TABLE 171 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 141
TABLE 172 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 142
TABLE 173 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 142
TABLE 174 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE 2018–2023 (USD MILLION) 142
TABLE 175 AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE 2024–2029 (USD MILLION) 142
TABLE 176 TOLUENE: GENERAL PROPERTIES 143
TABLE 177 TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2018–2023 (KILOTON) 143
TABLE 178 TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2024–2029 (KILOTON) 144
TABLE 179 TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2018–2023 (USD MILLION) 144
TABLE 180 TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2024–2029 (USD MILLION) 144
TABLE 181 XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2018–2023 (KILOTON) 145
TABLE 182 XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2024–2029 (KILOTON) 145
TABLE 183 XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2018–2023 (USD MILLION) 146
TABLE 184 XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS BY REGION, 2024–2029 (USD MILLION) 146
TABLE 185 PARA-XYLENE: GENERAL PROPERTIES 146
TABLE 186 MIXED-XYLENE: GENERAL PROPERTIES 147
TABLE 187 ETHYLBENZENE: GENERAL PROPERTIES 147
TABLE 188 ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2018–2023 (KILOTON) 148
TABLE 189 ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2024–2029 (KILOTON) 148
TABLE 190 ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2018–2023 (USD MILLION) 148
TABLE 191 ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2024–2029 (USD MILLION) 149
TABLE 192 HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 149
TABLE 193 HALOGENATED SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 149
TABLE 194 HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 150
TABLE 195 HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 150
TABLE 196 HALOGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 150
TABLE 197 HALOGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 151
TABLE 198 HALOGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 151
TABLE 199 HALOGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 151
TABLE 200 HALOGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 152
TABLE 201 HALOGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 152
TABLE 202 HALOGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 152
TABLE 203 HALOGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 152
TABLE 204 METHYLENE CHLORIDE: GENERAL PROPERTIES 153
TABLE 205 METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 153
TABLE 206 METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 154
TABLE 207 METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 154
TABLE 208 METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 154
TABLE 209 TRICHLOROETHYLENE: GENERAL PROPERTIES 155
TABLE 210 TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 155
TABLE 211 TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 155
TABLE 212 TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 156
TABLE 213 TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 156
TABLE 214 PERCHLOROETHYLENE: GENERAL PROPERTIES 157
TABLE 215 PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 157
TABLE 216 PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 157
TABLE 217 PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 158
TABLE 218 PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 158
TABLE 219 SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 160
TABLE 220 SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 161
TABLE 221 SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 161
TABLE 222 SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 162
TABLE 223 PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 162
TABLE 224 PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 163
TABLE 225 PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 163
TABLE 226 PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 163
TABLE 227 PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 164
TABLE 228 PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 164
TABLE 229 PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 165
TABLE 230 PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 165
TABLE 231 ADHESIVES: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 166
TABLE 232 ADHESIVES: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 166
TABLE 233 ADHESIVES: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 166
TABLE 234 ADHESIVES: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 167
TABLE 235 PRINTING INKS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 167
TABLE 236 PRINTING INKS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 168
TABLE 237 PRINTING INKS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 168
TABLE 238 PRINTING INKS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 168
TABLE 239 PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 169
TABLE 240 PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 169
TABLE 241 PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 170
TABLE 242 PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 170
TABLE 243 METAL CLEANING: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 171
TABLE 244 METAL CLEANING: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 171
TABLE 245 METAL CLEANING: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 171
TABLE 246 METAL CLEANING: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 172
TABLE 247 POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 172
TABLE 248 POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 173
TABLE 249 POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 173
TABLE 250 POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 173
TABLE 251 AGRICULTURAL CHEMICALS: SOLVENTS MARKET, BY REGION 2018–2023 (KILOTON) 174
TABLE 252 AGRICULTURAL CHEMICALS: SOLVENTS MARKET, BY REGION 2024–2029 (KILOTON) 174
TABLE 253 AGRICULTURAL CHEMICALS: SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 175
TABLE 254 AGRICULTURAL CHEMICALS: SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 175
TABLE 255 OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 176
TABLE 256 OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 176
TABLE 257 OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION 2018–2023 (USD MILLION) 176
TABLE 258 OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION 2024–2029 (USD MILLION) 177
TABLE 259 SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON) 179
TABLE 260 SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON) 180
TABLE 261 SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 180
TABLE 262 SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 180
TABLE 263 ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 182
TABLE 264 ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 182
TABLE 265 ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION) 183
TABLE 266 ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION) 183
TABLE 267 ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 184
TABLE 268 ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 184
TABLE 269 ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 185
TABLE 270 ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 185
TABLE 271 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (KILOTON) 185
TABLE 272 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON) 186
TABLE 273 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (USD MILLION) 186
TABLE 274 ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 186
TABLE 275 CHINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 187
TABLE 276 CHINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 187
TABLE 277 CHINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 188
TABLE 278 CHINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 188
TABLE 279 JAPAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 189
TABLE 280 JAPAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 189
TABLE 281 JAPAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 190
TABLE 282 JAPAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 190
TABLE 283 INDIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 191
TABLE 284 INDIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 192
TABLE 285 INDIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 192
TABLE 286 INDIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 193
TABLE 287 SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 193
TABLE 288 SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 194
TABLE 289 SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 194
TABLE 290 SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 195
TABLE 291 INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON) 195
TABLE 292 INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON) 196
TABLE 293 INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION) 196
TABLE 294 INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 197