Exempt Solvents Market To Report Impressive Growth, Revenue To Surge To US$2.42 Billion By 2022

10-Sep-2018 | Zion Market Research

With the presence of a large pool of participants, the global exempt solvents market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). The Dow Chemical Company, TH Hilson Company, Pacific Coast Chemicals, Eastman Chemical Company, and Startex Chemical Incorporation are some of the key vendors of endoscopy devices across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the exempt solvents market study.

In a major boost to exempt solvents market, in March 2018, GC Chemicals Americas Inc. based in the U.S. has claimed that it possess eco-friendly fluorinated precision cleaning solvent referred as Amolea AT2for medical equipment producers. The company sources further claimed that it is a best substitute for n-propyl as well as trichloroethylene solvents routinely used by manufacturers of medical devices.

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This review is based on a report by Zion Market Research, titled Exempt Solvents Market (Methyl Chloroform, Methyl Chloride, Methyl Acetate, Acetone, Parachlorobenzotrifluoride and Other Products) for Coating Industry: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022.”- Report at http://www.zionmarketresearch.com/report/exempt-solvents-market

As estimated in this report, the global exempt solvents market stood at US$1.54 billion in 2016. Witnessing a tremendous rise during the period from 2015 to 2021, the revenue in this exempt solvents market is expected to reach US$ 2.42 billion by the end of the forecast period. The main products available in this exempt solvents market aremethyl chloroform, methyl acetate, methyl chloride, acetone, parachlorobenzotrifluoride and other products. Among them, the demand for methyl acetate is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.


Massive Product Popularity In Emerging Economies To Boost Sales 

“Surging product demand in coatings along with growing concerns over environmental pollution caused as a result of solvent release can optimistically leverage the growth trajectory of exempt solvents market over the estimated timeframe,” says the author of this study. Apart from this, humungous popularity of the product in developing countries such as China and India will further influence the business sphere in the years to come.

Steep rise in the use of green solvents as a result of government support, however, may curtail the growth of exempt solvents market in the forthcoming years. Nevertheless, strict rules governing the use of volatile organic compounds will offer lucrative avenues for growth of exempt solvents market in the years ahead, thereby normalizing the impact of hindrances on the exempt solvents market, reports the study.

Enforcement of Strict Laws Regulating VOC Emission To Spur Europe Dominance

Regionally, Europe has been leading the worldwide exempt solvents market and is anticipated to continue on the dominant position in the years to come, states the exempt solvents market study. A sharp expansion of automotive sector along with presence of automotive behemoths is the main factor behind the dominance of the Europe exempt solvents market. Strict laws enforced by regulatory authorities in Europe over solvent consumption has precipitated huge demand for low VOC emitting solvents, thereby resulting in tremendous growth of exempt solvents market in the region.

The global exempt solvents market is segmented as follows:

By roduct

  • Methyl chloroform
  • Methyl chloride
  • Methyl Acetate
  • Acetone
  • Parachlorobenzotrifluoride
  • Others

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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