Oxygenated Solvents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024

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Report Code: ZMR-2956 | Report Format : | Status : Upcoming |

Abstract

Global Oxygenated Solvents Market: Overview

Oxygenated solvent is majorly an organic solvent, which includes oxygen molecules. It is widely utilized in pharmaceuticals, paints, fragrances, inks, adhesives, detergents, cosmetics, agrochemicals, food, and cleaning products. Oxygenated solvents also comprise glycol ethers, alcohols, ethyl acetate, methyl acetate, esters, ketones, and glycol esters/ ether. They can also be utilized for chemical synthesis. Additionally, they can also be employed as coupling agents, diluents, or other functional additives in different kinds of formulations.

Global Oxygenated Solvents Market: Growth Factors

The increasing construction sector in emerging regions is likely to increase the demand and requirements for coatings and paint products, which in turn, is expected to propel the requirement for the global oxygenated solvents market in the coming years. Quick advancement in urban areas, renovation of aging structures, and smart city projects are the significant aspects responsible for the development of the construction sector in the regions. Different organizations, for instance, California Air Resources Board (CARB), the US Environmental Protection Agency (EPA), Ozone Transport Commission (OTC), and so on are likely to work to set restrictive protocols on volatile organic compounds content in architectural and industrial maintenance coatings. These stringent environmental policies are projected to be the major retrains for several manufacturers.

In addition to this, several manufacturers of oxygenated solvents are likely to work on the development of environmental-friendly solvents which are cost-efficient. These oxygenated solvents are usually non-VOC, non-flammable, and have low toxicity thus it is mostly preferred and will certainly act as a major growth factor for the growth of the global oxygenated solvents market. Also, environmental-friendly oxygenated solvents are also considered as an excellent choice over the conventional solvents such as N-Methylpyrrolidone. These green substitute solvents can be used in different applications, which comprise cleaning, paint stripping, degreasing and so on, thus this aspect is also likely to act as the major driver for market development.

Global Oxygenated Solvents Market: Segmentation

The global oxygenated solvents market is classified in terms of type, source, application, and region. In terms of source, the global oxygenated solvents market is bifurcated into bio & green solvent and conventional solvent. In terms of type, the global market is categorized into esters, alcohols, glycol ethers, glycols, bio & green solvents, ketones, and others. In terms of application, the global oxygenated solvents market is fragmented into pharmaceuticals, paints & coatings, lubricants, crop protection, personal care, and others.

Global Oxygenated Solvents Market: Regional Analysis

North America, Asia Pacific, and Western Europe have a major share in the global oxygenated solvents market. Requirements and demand for the oxygenated solvents market are likely to be high in India and China. Asia Pacific is likely to become the leading importer of the oxygenated solvents. The global oxygenated solvents market is likely to develop at a rapid pace owing to the high GDP expansion rate and increasing population with high disposable income. Growing demand for the personal care items and coating & paint agents are expected to increase the popularity of the global oxygenated solvents in Europe and North America.

Global Oxygenated Solvents Market: Competitive Players

Some of the most important market players in the global oxygenated solvents market are Petronas, The Dow Chemical Company, BASF, Royal Dutch Shell, OXEA, LyondellBasell, ExxonMobil, Sinopec, and Eastman Chemical Company, among others.

Global Oxygenated Solvents Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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