Global Solvents Market Analysis, Trends and Opportunities 2016-2025


A new market study, titled “Global Solvents Market  Analysis, Trends and Opportunities 2016-2025” has been featured on WiseGuyReports.
Solvents are mostly in liquid state but can also be in solid or gaseous forms. Solvents are used for diverse applications in domestic, commercial and research purposes. The global solvents market was USD 34.52 billion in 2018 and is estimated to reach USD 44.91 billion by 2025 at a CAGR of 3.83% during the forecast period
Growth by Region
Asia Pacific has the largest market of global solvents, both in terms of value and volume due to rising population, rapid urbanization in countries such as China and India, accompanied by the increasing demand for construction and automobiles industry. The Middle East and Africa are likely to grow rapidly during the forecast period due to the rise in demand for petrochemical-based solvents from end use industries and increasing industrialization.
Read also: https://www.einpresswire.com/article/501353267/solvents-market-2019-global-analysis-opportunities-and-forecast-to-2025

Drivers vs Constraints
The major factor driving the growth of global solvents market is the growing demand from end-use applications such as paints and coatings, agricultural chemicals, printing inks, adhesives, rubber and polymer, personal care, metal cleaning and pharmaceuticals. Moreover, conventional solvents are expected to witness significant growth on account of the increasing usage in various end-use industries due to its low cost, and better performance; however, green and bio solvents is expected to gain traction during the forecast period on account of their non-VOC nature. The inadequate technological expansion in bio and green solvents market and high cost of production poses a hindrance to the growth in the global solvents market.
Industry Trends and Updates
The key trend witnessed in the solvents market is the rising environmental and regulatory pressures and concerns over toxicity towards humans. Moreover, there is an growing trend for adopting greener solvents in developed countries which is expected to develop and market solvents with lower ecological and toxicological profiles along with the strong global green movement.
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/4353202-global-solvents-market-by-type-source-application-region
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