The global solvents market size is accounted at USD 32.52 billion in 2025 and is forecasted to hit around USD 60.84 billion by 2034, representing a CAGR of 7.22% from 2025 to 2034. The Asia Pacific market size was estimated at USD 16.75 billion in 2024 and is expanding at a CAGR of 7.47% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Solvents Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Solvents Market Revenue and Volume, by Product Type
8.1.1 Glycols
8.1.1.1. Market Revenue and Volume Forecast
8.1.2. Hydrocarbons Solvents
8.1.2.1. Market Revenue and Volume Forecast
8.1.3. Alcohols
8.1.3.1. Market Revenue and Volume Forecast
8.1.4. Esters
8.1.4.1. Market Revenue and Volume Forecast
8.1.5. Ketones
8.1.5.1. Market Revenue and Volume Forecast
8.1.6. Chlorinated
8.1.6.1. Market Revenue and Volume Forecast
8.1.7. Others
8.1.7.1. Market Revenue and Volume Forecast
9.1. Solvents Market Revenue and Volume, by Application
9.1.1. Printing inks
9.1.1.1. Market Revenue and Volume Forecast
9.1.2. Paints and coatings
9.1.2.1. Market Revenue and Volume Forecast
9.1.3. Pharmaceuticals
9.1.3.1. Market Revenue and Volume Forecast
9.1.4. Adhesives
9.1.4.1. Market Revenue and Volume Forecast
9.1.5. Cosmetics
9.1.5.1. Market Revenue and Volume Forecast
9.1.6. Agriculture Chemicals
9.1.6.1. Market Revenue and Volume Forecast
10.1. Solvents Market Revenue and Volume, by Source
10.1.1. Natural Sources
10.1.1.1. Market Revenue and Volume Forecast
10.1.2. Derived Sources
10.1.2.1. Market Revenue and Volume Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Product Type
11.1.2. Market Revenue and Volume Forecast, by Application
11.1.3. Market Revenue and Volume Forecast, by Source
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Product Type
11.1.4.2. Market Revenue and Volume Forecast, by Application
11.1.4.3. Market Revenue and Volume Forecast, by Source
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Product Type
11.1.5.2. Market Revenue and Volume Forecast, by Application
11.1.5.3. Market Revenue and Volume Forecast, by Source
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Product Type
11.2.2. Market Revenue and Volume Forecast, by Application
11.2.3. Market Revenue and Volume Forecast, by Source
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Product Type
11.2.4.2. Market Revenue and Volume Forecast, by Application
11.2.4.3. Market Revenue and Volume Forecast, by Source
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Product Type
11.2.5.2. Market Revenue and Volume Forecast, by Application
11.2.5.3. Market Revenue and Volume Forecast, by Source
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Product Type
11.2.6.2. Market Revenue and Volume Forecast, by Application
11.2.6.3. Market Revenue and Volume Forecast, by Source
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Product Type
11.2.7.2. Market Revenue and Volume Forecast, by Application
11.2.7.3. Market Revenue and Volume Forecast, by Source
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Product Type
11.3.2. Market Revenue and Volume Forecast, by Application
11.3.3. Market Revenue and Volume Forecast, by Source
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Product Type
11.3.4.2. Market Revenue and Volume Forecast, by Application
11.3.4.3. Market Revenue and Volume Forecast, by Source
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Product Type
11.3.5.2. Market Revenue and Volume Forecast, by Application
11.3.5.3. Market Revenue and Volume Forecast, by Source
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Product Type
11.3.6.2. Market Revenue and Volume Forecast, by Application
11.3.6.3. Market Revenue and Volume Forecast, by Source
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Product Type
11.3.7.2. Market Revenue and Volume Forecast, by Application
11.3.7.3. Market Revenue and Volume Forecast, by Source
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Product Type
11.4.2. Market Revenue and Volume Forecast, by Application
11.4.3. Market Revenue and Volume Forecast, by Source
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Product Type
11.4.4.2. Market Revenue and Volume Forecast, by Application
11.4.4.3. Market Revenue and Volume Forecast, by Source
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Product Type
11.4.5.2. Market Revenue and Volume Forecast, by Application
11.4.5.3. Market Revenue and Volume Forecast, by Source
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Product Type
11.4.6.2. Market Revenue and Volume Forecast, by Application
11.4.6.3. Market Revenue and Volume Forecast, by Source
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Product Type
11.4.7.2. Market Revenue and Volume Forecast, by Application
11.4.7.3. Market Revenue and Volume Forecast, by Source
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Product Type
11.5.2. Market Revenue and Volume Forecast, by Application
11.5.3. Market Revenue and Volume Forecast, by Source
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Product Type
11.5.4.2. Market Revenue and Volume Forecast, by Application
11.5.4.3. Market Revenue and Volume Forecast, by Source
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Product Type
11.5.5.2. Market Revenue and Volume Forecast, by Application
11.5.5.3. Market Revenue and Volume Forecast, by Source
12.1. Ashland Global Holdings Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. BASF SE
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. BP plc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Celanese Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Chevron Phillips Chemical Company LLC
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CITGO Petroleum Corporation
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Eastman Chemical Company
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Exxon Mobil Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Honeywell International Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Huntsman International LLC
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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