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Middle East & Africa is projected to grow at the highest CAGR in Solvents Market by 2023

Solvents Market was valued at USD 38.33 billion in 2017 and is projected to reach 57.34 billion by 2023, at a CAGR of 3.9% during the forecast period. The base year considered for the study is 2017 while the forecast period is from 2018 to 2023.

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Middle East & Africa is projected to grow at the highest CAGR in Solvents Market by 2023

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  1. Solvent Market Solvents Market by Type, Application, Source, & Region - Global Forecast to 2023 View Full Report @ https://tinyurl.com/y53mjfop

  2. Introduction • The report "Solvents Market, by Type (Alcohols, Ketones, Esters, Glycol Ethers, Aromatic, Aliphatic), Application (Paints & Coatings, Polymer Manufacturing, Printing Inks), Source (Petrochemical-Based, Bio & Green), and Region - Global Forecast to 2023" . • The solvents market is projected to reach USD 57.34 billion by 2023, at a CAGR of 3.9% from an estimated value of USD 47.37 billion in 2018. View Full Report @ https://tinyurl.com/y53mjfop

  3. Target Audience • Industrial Solvent Manufacturers, Dealers, and Suppliers • Government Bodies • End Users • Feedstock Suppliers • Large Infrastructure Companies • Investment Banks • Consulting Companies/Consultants in Chemical and Material Sectors • Industry Associations • Research and Consulting Firms View Full Report @ https://tinyurl.com/y53mjfop

  4. Industrial Insights • Based on type, petrochemical-based solvents market has been segmented into oxygenated solvents, hydrocarbon solvents, and halogenated solvents. • The oxygenated solvents market accounted for the largest market share, in terms of value, followed by the hydrocarbon solvents market, in 2017. • Based on type, the bio & green solvents market has been segmented into bio-alcohols & bio-diols, lactate esters, d-limonene, and methyl soyate. • The bio-alcohols & bio-diols segment accounted for the largest market share followed by lactate esters, in 2017, in terms of value. • The demand for bio-alcohols & bio-diols is gaining momentum in the bio & green solvents segment because of the growing concerns over greenhouse gas emissions from fossil fuels. • Based on application, the petrochemical-based solvents market has been segmented into paints & coatings, polymer manufacturing, pharmaceuticals, adhesives, printing inks, personal care, metal cleaning, agricultural chemicals, and others. View Full Report @ https://tinyurl.com/y53mjfop

  5. Industrial Insights. Continued… • The paints & coatings segment accounted for the largest market share, in terms of value, followed by the pharmaceuticals segment, in 2017. • Growth of the automotive OEM, machinery, and appliances markets, globally accompanied by rise in building & construction activities are expected to drive the demand for this application segment during the forecast period. • Based on application, the bio & green solvents market has been segmented into industrial & domestic cleaners, paints & coatings, printing inks, and others. • The industrial & domestic cleaner application segment accounted for largest market share, in terms of value, followed by lactate esters, in 2017. • The growing consumer demand for sustainable cleaning products, especially in Europe and North America is expected to drive demand. View Full Report @ https://tinyurl.com/y53mjfop

  6. Regional Insights • Asia Pacific is estimated to be the largest market for solvents in 2018, and the region is also expected to continue to lead the market till 2023 owing to growing industries in the region’s emerging economies, such China and India. • Rising per capita disposable incomes, rapid urbanization, and growing demand for automobiles are projected to fuel the growth of the solvents market. • Additionally, high growth in the pharmaceuticals, paints & coatings, and cosmetics, among several other applications are expected to drive the demand for solvents in the region. View Full Report @ https://tinyurl.com/y53mjfop

  7. Key Players • The ecosystem of the solvents market comprises end users, producers & suppliers, and manufacturers of solvents, such as Royal Dutch Shell Plc (Netherlands), Eastman Chemical Company (US), LyondellBasell Industries Holdings B.V. (Netherlands), Ashland Global Holdings Inc. (US), BASF SE (Germany), Huntsman Corporation (US), ExxonMobil Corporation (US), Celanese Corporation (US), Honeywell International Inc. (US), and INEOS Group AG (UK). View Full Report @ https://tinyurl.com/y53mjfop

  8. About Us • MarketsandMarkets™ provides quantified B2B research on 30,000 high growth emerging opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. • Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach Markets and Markets™ for their pain points around revenues decisions. • MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. View Full Report @ https://tinyurl.com/y53mjfop

  9. How Markets & Markets is different? • Most-detailed market segmentation in the industry • In-depth analysis of patents and profiles of key market players providing a competitive landscape • Market data for segments such as technologies, services & applications across geographies • High level analysis of major market segments and identification of opportunities. View Full Report @ https://tinyurl.com/y53mjfop

  10. Contact Us: Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com View Full Report @ https://tinyurl.com/y53mjfop

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