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Exempt Solvents Market by Product (Methyl chloroform, Methyl chloride, Methyl Acetate, Acetone and Parachlorobenzotrifluoride, and Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 11-Jun-2021 Category: Chemical & Materials Report Format : PDF Pages: 120 Report Code: ZMR-2000 Status : Published

The global Exempt Solvents Market accounted for USD 1.6 Billion in 2020 and is expected to reach USD 2.1 Billion by 2028, growing at a CAGR of around 12.8% between 2021 and 2028.

Description

Market Overview    

The global Exempt Solvents Market accounted for USD 1.6 Billion in 2020 and is expected to reach USD 2.1 Billion by 2028, growing at a CAGR of around 12.8% between 2021 and 2028.   

Exempt solvents are organic compounds that are released from restrictions placed on most volatile organic compounds. This solvents mostly includes acetone, methyl acetate, dimethyl carbonate, parachlorobenzotrifluoride, tert-Butyl acetate, and propylene carbonate. These compounds are mostly used in manufacturing of lacquers, enamels, inks, adhesives, thinners and industrial cleaners.

In addition, various mergers and acquisition by major players will also have a towering impact on the Exempt Solvents market in the years to come. For example, 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.

COVID-19 Impact Analysis

The global Exempt Solvents market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand of Exempt Solvents. The market would remain bullish in upcoming year.

The significant decrease in the global Exempt Solvents market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

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 forecast period. Moreover, 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 limit the growth of exempt solvents market. 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.

Report Scope: 

Products Segment Analysis Preview 

The global market for Exempt Solvents is divided into two categories: Products and region. The market is segmented into Products, such as Methyl Chloroform, Methyl Chloride, Methyl Acetate, 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.

Key Market Players & Competitive Landscape

Some of the major players of global Exempt Solvents Market includes The Dow Chemical Company, TH Hilson Company, Pacific Coast Chemicals, Eastman Chemical Company, and Startex Chemical Incorporation.

The global Exempt Solvents Market is segmented as follows:

By Products

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

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Type
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Exempt Sulvents Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Exempt Sulvents Market – Products Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Products, 2020 & 2028
    • 4.2. Methyl chloroform
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Methyl chloride
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Methyl Acetate
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Acetone
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Parachlorobenzotrifluoride
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Others
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Exempt Sulvents Market – Industry Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.2.2. North America Market Revenue, By Products, 2016 – 2028
      • 5.2.3. U.S.
        • 5.2.3.1. U.S. Market Revenue, By Products, 2016 – 2028
      • 5.2.4. Canada
        • 5.2.4.1. Canada Market Revenue, By Products, 2016 – 2028
      • 5.2.5. Mexico
        • 5.2.5.1. Mexico Market Revenue, By Products, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.3.2. Europe Market Revenue, By Products, 2016 – 2028
      • 5.3.3. Germany
        • 5.3.3.1. Germany Market Revenue, By Products, 2016 – 2028
      • 5.3.4. France
        • 5.3.4.1. France Market Revenue, By Products, 2016 – 2028
      • 5.3.5. U.K.
        • 5.3.5.1. U.K. Market Revenue, By Products, 2016 – 2028
      • 5.3.6. Italy
        • 5.3.6.1. Italy Market Revenue, By Products, 2016 – 2028
      • 5.3.7. Spain
        • 5.3.7.1. Spain Market Revenue, By Products, 2016 – 2028
      • 5.3.8. Rest of Europe
        • 5.3.8.1. Rest of Europe Market Revenue, By Products, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.4.2. Asia Pacific Market Revenue, By Products, 2016 – 2028
      • 5.4.3. China
        • 5.4.3.1. China Market Revenue, By Products, 2016 – 2028
      • 5.4.4. Japan
        • 5.4.4.1. Japan Market Revenue, By Products, 2016 – 2028
      • 5.4.5. India
        • 5.4.5.1. India Market Revenue, By Products, 2016 – 2028
      • 5.4.6. South Korea
        • 5.4.6.1. South Korea Market Revenue, By Products, 2016 – 2028
      • 5.4.7. South-East Asia
        • 5.4.7.1. South-East Asia Market Revenue, By Products, 2016 – 2028
      • 5.4.8. Rest of Asia Pacific
        • 5.4.8.1. Rest of Asia Pacific Market Revenue, By Products, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.5.2. Latin America Market Revenue, By Products, 2016 – 2028
      • 5.5.3. Brazil
        • 5.5.3.1. Brazil Market Revenue, By Products, 2016 – 2028
      • 5.5.4. Argentina
        • 5.5.4.1. Argentina Market Revenue, By Products, 2016 – 2028
      • 5.5.5. Rest of Latin America
        • 5.5.5.1. Rest of Latin America Market Revenue, By Products, 2016 – 2028
    • 5.7. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Products, 2016 – 2028
      • 5.6.3. GCC Countries
        • 5.6.3.1. GCC Countries Market Revenue, By Products, 2016 – 2028
      • 5.6.4. South Africa
        • 5.6.4.1. South Africa Market Revenue, By Products, 2016 – 2028
      • 5.6.5. Rest of Middle-East Africa
        • 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Products, 2016 – 2028
  • Chapter No. 6: Exempt Sulvents Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technulogy Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Exempt Sulvents Market: Company Market Share, 2019
      • 7.1.2. Global Exempt Sulvents Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 7.1.3. Global Exempt Sulvents Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 7.1.4. Global Exempt Sulvents Market: Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Type Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. The Dow Chemical Company
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfulio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. TH Hilson Company
    • 8.3. Pacific Coast Chemicals
    • 8.4. Eastman Chemical Company
    • 8.5. Startex Chemical Incorporation
    • 8.6. Company 6
    • 8.7. Company 7
    • 8.8. Company 8
    • 8.9. Company 9
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodulogy
    • 10.1. Research Methodulogy
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Exempt Solvents market. Zion Research has collected and analyzed key data belong to the global Exempt Solvents market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Exempt Solvents across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Exempt Solvents industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Exempt Solvents market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Solvents are a distinct substance that liquefies with the solute to form a solution. Solvents can be obtained in the form of solid, liquid or gas possessing the dissolving property. EPA regulations include a list of compounds that are explicitly exempted from regulation as VOCs, even though they are "compounds of carbon." These compounds are referred as exempt solvents. Exempt solvents are extensively used in the coatings industry.

Ever-increasing demand from coating industries primarily drives the exempt solvents market. Moreover, increasing sustainability and green chemistry is expected to drive the demand for exempt solvents in the near future. Furthermore, rising huge demand for exempt solvents from the emerging economies is expected to splendid the growth of the exempt solvents in the upcoming years. Yet, various initiatives led by the government for the use of green solvents may negatively impact on the growth of the exempt solvents. Nonetheless, stringent regulations on VOCs are likely to provide lucrative growth opportunities in the forecast period.

Exempt-Solvents-Market-for-Coating-Industry

Based on products the exempt solvents can be segmented as methyl chloroform, methyl chloride, methyl acetate, acetone, parachlorobenzotrifluoride and other products. The other exempt solvents used for coating applications include dimethyl carbonate (DMC), tertiary butyl acetate etc. Methyl acetate emerged as the potent segment in 2016 and is further anticipated to maintain its track over the forecast period. As compared to other solvents methyl acetate provides higher solution viscosity. Methyl acetate is preferred where a mild odor, the fast evaporating solvent is required for formulators of coating and ink products. There has been immense growth in the coating sector owing to rapid urbanization. Rising use of coatings in infrastructure is driving the market for coatings which in turn expected to augment the demand for exempt solvents.

Europe dominated the exempt solvent in 2016 owing to strict regulations on the use of solvents in Europe. Moreover, sharp growth in the automotive sector in Europe is expected to spur the growth of coating industry which in turn is anticipated to foster the demand of exempt solvent. North America held the second largest exempt solvent market in 2016 and is expected to experience lucrative growth in the coming years. Asia Pacific is expected to witness the fastest growth in the forecast period owing to rapidly growing industrialization, especially in China and India. The growth of construction spending in China and India coupled with growing industrialization rates in these countries is expected to spur growth for exempt solvents. Latin America is expected to witness moderate growth in the exempt solvents market in the coating industry. A major driver for the exempt solvents market is the rising automotive sector in Brazil owing to the application of exempt solvents in paints & coatings. The Middle East and Africa is witnessing sluggish growth owing to lack of awareness for the exempt solvents in recent times.

Some of the key players in the exempt solvents include Kowa India Pvt. Ltd,  Miami Chemical, Inc, The Dow Chemical Company, Dowd and Guild Inc, Eastman Chemical Company, Hubbard-Hall Inc., Pacific Coast Chemicals, Startex Chemical Inc., TH Hilson Company, Univar and Parchem fine & specialty chemicals among others.


Frequently Asked Questions

The global Exempt Solvents Market was valued at USD 1.6 billion in 2020.

The global Exempt Solvents Market is expected to reach USD 2.1 billion by 2028, growing at a CAGR of  3.4% between 2021 to 2028.

Increasing number of smart city projects and rising cost of non-renewable sources are the Surging product demand in coatings along with growing concerns over environmental pollution.

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.

Some of the major players of global Exempt Solvents Market includes The Dow Chemical Company, TH Hilson Company, Pacific Coast Chemicals, Eastman Chemical Company, and Startex Chemical Incorporation.
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