溶剤市場 – 2029年までの世界予測

Solvents Market - Global Forecast to 2029

溶剤市場 - タイプ (酸素化、炭化水素、ハロゲン化)、用途 (塗料およびコーティング、医薬品、接着剤、印刷インキ、パーソナルケア、農薬)、供給源 (天然、由来)、および地域 - 2029年までの世界予測
Solvents Market by Type (Oxygenated, Hydrocarbon, Halogenated), Application (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Agricultural Chemicals), Source (Natural, Derived), and Region - Global Forecast to 2029

商品番号 : SMB-66651

出版社MarketsandMarkets
出版年月2025年3月
ページ数343
図表数535
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

In terms of value, the solvents market is estimated to grow from USD 35.07 billion in 2024 to USD 43.43 billion by 2029, at a CAGR of 4.4%. The market for solvents is experiencing a significant increase in demand due to the shift toward bio-based and environmentally friendly solvents. The government and regulatory bodies worldwide have been stricter on VOCs and hazardous air pollutants. This has resulted in companies’ quest for solvents that meet the revised standards. Environmentally friendly options are becoming increasingly in demand as they align with these corporate sustainability goals and green certifications.

価値の面では、溶剤市場は2024年の350.7億米ドルから2029年には434.3億米ドルに、CAGR 4.4%で成長すると予測されています。溶剤市場は、バイオベースおよび環境に優しい溶剤への移行により、需要が大幅に増加しています。世界中の政府および規制機関は、VOCおよび有害大気汚染物質に対してより厳しい規制を設けています。その結果、企業は改訂された基準を満たす溶剤を求めています。環境に優しい選択肢は、企業の持続可能性目標やグリーン認証と一致するため、ますます需要が高まっています。

溶剤市場 - 2029年までの世界予測
solvent-market-Overview

“Halogenated solvents segment is projected to be the third-fastest growing segment of solvents market, during the forecast period”

The halogenated solvents segment is estimated to be the third-fastest growing segment of solvents market, during the forecast period. Strong solvency power is a property of halogenated solvents, among which are the chlorinated solvents such as methylene chloride, chloroform, and trichloroethylene. They find application in areas where other types of solvents could not, since these are very effective at dissolving organic materials. For situations that require rigorous operations, such as degreasing and cleaning in the automotive and aerospace industries, they become quite suitable because of their chemical stability and resistance to degradation.

“Personal care segment was the third largest application of solvents market, in terms of value, in 2023.”

The personal care segment stands as the third-largest application in the solvents market as they are the vital ingredient in the formulation and manufacturing process in a wide array of personal care products. These include cosmetics, skincare, hair care, and oral care, among other products, which need solvents to get the desired consistency, stability, and performance. Solvents ensure that the active compounds, including as vitamins, peptides, and moisturizers, are distributed uniformly throughout the product by facilitating their dispersion to provide the desired therapeutic and cosmetic effects.

“Derived sources segment was the largest source of solvents market, in terms of value, in 2023.”

The derived sources segment stands as the largest source in the solvents market. The versatility of derived sources in meeting diverse industrial needs is one of the main factors contributing to their supremacy. For example, petroleum-based solvents provide a wide range of chemical characteristics, ranging from non-polar hydrocarbons to more polar types such as esters and ketones. Synthetic solvents can be tailored to meet the requirements of sectors that require solvents with exact evaporation rates, solubility, or chemical stability. This flexibility further increases the effectiveness of synthetic solvents.

溶剤市場 - 2029年までの世界予測 ecosystem
solvent-market-Ecosystem

“Europe was the third largest region in the solvents market, in terms of value.”

Europe was the third-largest region in the solvents market, in terms of value, in 2023. The solvents market in the region is comparatively mature, growing slower than the developing markets in the Asia-Pacific region or even in the Middle East and Africa. Europe possesses many chemical production plants and advanced manufacturing facilities, which creates a significant need for solvents. The industrial foundation of the region is broad and includes industries like adhesives, paints & coatings, cleaning goods, automobiles, and pharmaceuticals. Solvents are used extensively in all these industries for a variety of purposes, from manufacturing procedures to finished goods.

  • By Company Type: Tier 1 – 55%, Tier 2 – 25%, and Tier 3 – 20%
  • By Designation: Directors – 50%, Managers – 30%, and Others – 20%
  • By Region: North America – 40%, Europe – 35%, Asia Pacific – 20%, Rest of World – 5%

The key players profiled in the report include Shell plc (UK), BASF SE (Germany), Exxon Mobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), Eastman Chemical Company (US), Ashland Global Holdings Inc. (US), Celanese Corporation (US), Huntsman International LLC (US), Solvay SA (Belgium), Honeywell International Inc. (US), BP p.l.c. (UK), and INEOS Group Holdings S.A. (UK).

Research Coverage

This report segments the market for solvents based on type, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for solvents.

Reasons to Buy this Report

This research report is focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the solvents market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on solvents offered by top players in the global market
  • Analysis of key drivers: (Rapid industrial growth, Expansion of paints and coatings industry, Rising workplace hygiene initiatives), restraints (Stringent regulations related to use of solvents), opportunities (Increasing demand for green and bio-based solvents, Economic growth in developing countries), and challenges (Fluctuating raw material prices) influencing the growth of solvents
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the solvents market
  • Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for solvents across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global solvents market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the solvents market

Table of Contents

1               INTRODUCTION              33

1.1           STUDY OBJECTIVES       33

1.2           MARKET DEFINITION   33

1.3           STUDY SCOPE   34

1.3.1        MARKETS COVERED       34

1.3.2        INCLUSIONS AND EXCLUSIONS 35

1.3.3        YEARS CONSIDERED      37

1.3.4        CURRENCY CONSIDERED            37

1.3.5        UNIT CONSIDERED        38

1.4           STAKEHOLDERS               38

1.5           SUMMARY OF CHANGES               38

2               RESEARCH METHODOLOGY       39

2.1           RESEARCH DATA              39

2.1.1        SECONDARY DATA          40

2.1.2        PRIMARY DATA 40

2.1.2.1    Key primary participants     40

2.1.2.2    Key industry insights           41

2.1.2.3    Breakdown of primaries      41

2.2           MARKET SIZE ESTIMATION         42

2.2.1        BOTTOM-UP APPROACH              42

2.3           DATA TRIANGULATION                44

2.4           GROWTH FORECAST      45

2.4.1        SUPPLY-SIDE ANALYSIS                 45

2.4.2        DEMAND-SIDE ANALYSIS             46

2.5           RESEARCH ASSUMPTIONS           46

2.6           RESEARCH LIMITATIONS             47

2.7           RISK ASSESSMENT           47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       51

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLVENTS MARKET        51

4.2           ASIA PACIFIC SOLVENTS MARKET, BY APPLICATION AND COUNTRY 51

4.3           SOLVENTS MARKET, BY REGION               52

4.4           SOLVENTS MARKET, BY TYPE VS. REGION           52

4.5           SOLVENTS MARKET, BY COUNTRY          53

5               MARKET OVERVIEW       54

5.1           INTRODUCTION              54

5.2           MARKET DYNAMICS       54

5.2.1        DRIVERS               55

5.2.1.1    Rapid industrial growth       55

5.2.1.2    Expansion of paints & coatings industry           55

5.2.1.3    Rising workplace hygiene initiatives  55

5.2.1.4    Technological advancements in chemical processing     56

5.2.2        RESTRAINTS      56

5.2.2.1    Stringent regulations related to use of solvents               56

5.2.2.2    Shift toward water-based and eco-friendly solvents        57

5.2.3        OPPORTUNITIES              57

5.2.3.1    Increasing demand for green and bio-based solvents     57

5.2.3.2    Economic growth in developing countries        57

5.2.3.3    Expansion in pharmaceutical and healthcare industries 58

5.2.4        CHALLENGES    58

5.2.4.1    Fluctuating raw material prices          58

5.2.4.2    Health and safety concerns 58

5.3           PORTER’S FIVE FORCES ANALYSIS           59

5.3.1        THREAT OF NEW ENTRANTS      60

5.3.2        THREAT OF SUBSTITUTES          60

5.3.3        BARGAINING POWER OF SUPPLIERS       60

5.3.4        BARGAINING POWER OF BUYERS             60

5.3.5        INTENSITY OF COMPETITIVE RIVALRY 61

5.4           KEY STAKEHOLDERS AND BUYING CRITERIA     61

5.4.1        KEY STAKEHOLDERS IN BUYING PROCESS           61

5.4.2        BUYING CRITERIA           62

5.5           MACROECONOMIC INDICATORS              63

5.5.1        GDP TRENDS AND FORECAST OF MAJOR ECONOMIES                 63

6               INDUSTRY TRENDS         64

6.1           SUPPLY CHAIN ANALYSIS             64

6.2           PRICING ANALYSIS          65

6.2.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION   65

6.2.2        AVERAGE SELLING PRICE TREND, BY REGION   66

6.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            67

6.4           ECOSYSTEM ANALYSIS  68

6.5           CASE STUDY ANALYSIS 70

6.5.1        EXXONMOBIL CHEMICAL’S STRATEGIC DIVERSIFICATION IN SOLVENTS PORTFOLIO    70

6.5.2        DOW INC.’S ADVANCED SOLVENT SOLUTIONS FOR HIGH-PERFORMANCE COATINGS             70

6.5.3        BASF’S INNOVATION IN ECO-FRIENDLY SOLVENTS                 71

6.5.4        ADEKA CORPORATION INNOVATION IN ECO-FRIENDLY SOLVENTS          71

6.6           TECHNOLOGY ANALYSIS             72

6.6.1        KEY TECHNOLOGIES     72

6.6.1.1    Solvent recycling and reuse technology             72

6.6.1.2    Green solvent technology    72

6.6.2        COMPLEMENTARY TECHNOLOGIES       72

6.6.2.1    Supercritical fluid technology             72

6.6.2.2    Water-Based & low-VOC solvents technology                 73

6.7           TRADE ANALYSIS             73

6.7.1        IMPORT SCENARIO (HS CODE 381400)    73

6.7.2        EXPORT SCENARIO (HS CODE 381400)    74

6.8           REGULATORY LANDSCAPE         75

6.8.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             75

6.9           KEY CONFERENCES AND EVENTS, 2024–2025        78

6.10         INVESTMENT AND FUNDING SCENARIO               79

6.11         PATENT ANALYSIS          80

6.11.1      APPROACH         80

6.11.2      DOCUMENT TYPES         80

6.11.3      TOP APPLICANTS            82

6.11.4      JURISDICTION ANALYSIS              84

6.12         IMPACT OF AI/GEN AI ON SOLVENTS MARKET  85

7               SOLVENTS MARKET, BY SOURCE              86

7.1           INTRODUCTION              86

7.2           NATURAL SOURCES        86

7.3           DERIVED SOURCES         86

7.3.1        PETROLEUM-BASED SOURCES  86

7.3.2        SYNTHETIC SOURCES    87

8               SOLVENTS MARKET, BY TYPE    88

8.1           INTRODUCTION              89

8.2           OXYGENATED SOLVENTS            91

8.2.1        HIGH SOLVENCY POWER AND LOW VOC CONTENT TO DRIVE DEMAND               91

8.2.2        ALCOHOLS         95

8.2.2.1    Excellent solvency properties to fuel demand  95

8.2.2.2    Methanol                98

8.2.2.2.1 Rising use in chemical manufacturing to propel market                 98

8.2.2.3    Ethanol  100

8.2.2.3.1 High versatility to drive demand        100

8.2.2.4    Propanol                 102

8.2.2.4.1 Growing automotive and construction industries to boost demand  102

8.2.2.4.2 Isopropanol            104

8.2.2.4.3 N-propanol            104

8.2.2.5    Butanol  105

8.2.2.5.1 Rising use in personal care products to drive demand   105

8.2.2.5.2 Isobutanol              106

8.2.2.5.3 N-butanol               107

8.2.3        GLYCOLS             107

8.2.3.1    High demand for propylene glycol in pharmaceutical and personal care industries to drive market           107

8.2.3.2    Ethylene glycol     110

8.2.3.2.1 High demand for mono-ethylene glycol in printing inks, chemical separation, and cleaning applications to drive market    110

8.2.3.2.2 Monoethylene glycol (MEG)              111

8.2.3.2.3 Diethylene glycol (DEG)    112

8.2.3.2.4 Triethylene glycol (TEG)   112

8.2.3.3    Propylene glycol   113

8.2.3.3.1 Non-toxic nature of propylene glycol to drive demand  113

8.2.4        GLYCOL ETHERS              115

8.2.4.1    High boiling point and favorable solvent properties to drive demand  115

8.2.4.2    E-series glycol ethers            117

8.2.4.2.1 Excellent solvency, chemical stability, and compatibility with water to boost market growth             117

8.2.4.3    P-series glycol ethers            119

8.2.4.3.1 Rising use of p-series glycol ethers in various applications to propel market        119

8.2.4.4    Butyl glycol ethers                120

8.2.4.4.1 Increasing demand in cosmetics, agricultural chemicals, and paints & coatings applications to fuel demand 120

8.2.5        KETONES             122

8.2.5.1    Rising demand in manufacturing explosives, lacquers, paints, and textiles sector to propel market          122

8.2.5.2    Acetone  124

8.2.5.2.1 Growing demand in paper and pharmaceutical applications to drive market          124

8.2.5.3    Methyl ethyl ketone (MEK)                126

8.2.5.3.1 Increasing use in adhesives, printing inks, and magnetic tapes to drive market          126

8.2.5.4    Methyl isobutyl ketone (MIBK)         128

8.2.5.4.1 Growing adoption of MIBK as industrial and hard surface cleaners to fuel market growth           128

8.2.6        ESTERS 130

8.2.6.1    Use in fragrances, cosmetics, and personal care, and as processing solvents in pharmaceutical industry to drive demand     130

8.2.6.2    Ethyl acetate          133

8.2.6.2.1 Low toxicity and cost and pleasant odor to fuel demand                 133

8.2.6.3    Butyl acetate          135

8.2.6.3.1 Increasing applications in chemical and pharmaceutical industries to drive market   135

8.3           HYDROCARBON SOLVENTS        137

8.3.1        ABILITY TO ELIMINATE WASTEWATER PRODUCTION AND RECYCLABILITY FEATURE TO DRIVE DEMAND       137

8.3.2        ALIPHATIC SOLVENTS  141

8.3.2.1    Use of pentane, isopentane, hexane, cyclohexane, and octane in various applications to drive market  141

8.3.3        AROMATIC SOLVENTS  142

8.3.3.1    High use in paints & coatings, personal care, and adhesives to fuel market growth       142

8.3.3.2    Toluene  145

8.3.3.2.1 Rising vehicle sales to drive demand 145

8.3.3.3    Xylene    147

8.3.3.3.1 Use of xylene as industrial solvent to drive market         147

8.3.3.3.2 Para-xylene            148

8.3.3.3.3 Mixed-xylene         149

8.3.3.4    Ethylbenzene         149

8.3.3.4.1 Use of ethylbenzene in adhesives and inks to boost market growth                 149

8.4           HALOGENATED SOLVENTS         151

8.4.1        RISING DEMAND IN METAL CLEANING APPLICATIONS TO DRIVE MARKET         151

8.4.2        METHYLENE CHLORIDE               155

8.4.2.1    Use in production of pharmaceuticals, chemicals, and polymers to drive market      155

8.4.3        TRICHLOROETHYLENE 157

8.4.3.1    Restrictions on use in Europe and North America to hamper demand  157

8.4.4        PERCHLOROETHYLENE                159

8.4.4.1    Restrictions on use in dry cleaning industry and high toxicity to hinder market growth          159

9               SOLVENTS MARKET, BY APPLICATION  161

9.1           INTRODUCTION              162

9.2           PAINTS & COATINGS      164

9.2.1        EXTENSIVE USE OF PAINTS & COATINGS IN VARIOUS INDUSTRIES AND SECTORS TO FUEL MARKET GROWTH                 164

9.3           PHARMACEUTICALS       166

9.3.1        HIGH SIGNIFICANCE OF SOLVENTS IN DRUG FORMULATIONS TO DRIVE DEMAND    166

9.4           ADHESIVES         167

9.4.1        NEED FOR PRECISE CONTROL OVER ADHESIVE VISCOSITY AND CONSISTENCY TO PROPEL DEMAND    167

9.5           PRINTING INKS 169

9.5.1        RAPID ADVANCEMENTS IN PRINTING TECHNOLOGIES TO DRIVE DEMAND        169

9.6           PERSONAL CARE              171

9.6.1        INCREASING CONSUMER PREFERENCE FOR AESTHETICALLY APPEALING PRODUCTS TO FUEL DEMAND                 171

9.7           METAL CLEANING           172

9.7.1        INCREASING USE OF ORGANIC AND AQUEOUS SOLVENTS TO CLEAN METAL PARTS AND COMPONENTS TO DRIVE MARKET 172

9.8           POLYMER & RUBBER MANUFACTURING               174

9.8.1        VITAL ROLE OF SOLVENTS IN DISSOLUTION AND DISPERSION OF POLYMERS TO DRIVE DEMAND               174

9.9           AGRICULTURAL CHEMICALS     176

9.9.1        RISING ADOPTION OF SUSTAINABLE AGRICULTURAL PRACTICES TO DRIVE DEMAND                176

9.10         OTHER APPLICATIONS 177

10            SOLVENTS MARKET, BY REGION               180

10.1         INTRODUCTION              181

10.2         ASIA PACIFIC     183

10.2.1      CHINA  189

10.2.1.1  Rapid industrialization to drive market             189

10.2.2      JAPAN   191

10.2.2.1  Booming construction industry to fuel demand               191

10.2.3      INDIA    193

10.2.3.1  Increasing infrastructure development to drive market 193

10.2.4      SOUTH KOREA  195

10.2.4.1  Rising use in shipbuilding, electronics, and manufacturing industries to drive market   195

10.2.5      INDONESIA        197

10.2.5.1  Infrastructure development and growing agriculture industry to fuel demand           197

10.3         EUROPE               199

10.3.1      GERMANY           206

10.3.1.1  Increasing automobile production to drive demand       206

10.3.2      FRANCE                208

10.3.2.1  Expanding automotive and aerospace & defense industries to drive market          208

10.3.3      ITALY    211

10.3.3.1  Growth of manufacturing sector to drive market            211

10.3.4      RUSSIA 213

10.3.4.1  Large industrial base with significant natural resources to drive demand  213

10.3.5      SPAIN    215

10.3.5.1  Booming pharmaceutical industry to fuel demand          215

10.3.6      UK          217

10.3.6.1  Strong manufacturing base to drive market     217

10.3.7      BELGIUM             219

10.3.7.1  Diversified economy to drive demand               219

10.4         NORTH AMERICA             221

10.4.1      US           227

10.4.1.1  Presence of key players to drive market            227

10.4.2      CANADA               228

10.4.2.1  Strong oil & gas base to drive market                228

10.4.3      MEXICO                230

10.4.3.1  Low production cost and availability of cheap labor to drive market    230

10.5         MIDDLE EAST & AFRICA                232

10.5.1      GCC COUNTRIES              238

10.5.1.1  Saudi Arabia          239

10.5.1.1.1                Increasing foreign investments in various industries due to tax concessions to drive market     239

10.5.1.2  Qatar      241

10.5.1.2.1                Presence of proven oil & gas reserves and booming construction industry to drive market               241

10.5.2      TURKEY                243

10.5.2.1  Favorable geographic location and well-targeted economic policies to support market growth     243

10.5.3      IRAN      245

10.5.3.1  Increasing vehicle production to drive market 245

10.5.4      SOUTH AFRICA 247

10.5.4.1  Economic growth to fuel demand      247

10.6         SOUTH AMERICA             249

10.6.1      BRAZIL 254

10.6.1.1  Increasing demand in agriculture chemicals applications to drive market    254

10.6.2      ARGENTINA       256

10.6.2.1  Increasing vehicle sales to fuel demand            256

11            COMPETITIVE LANDSCAPE         259

11.1         OVERVIEW          259

11.2         KEY PLAYERS/RIGHT TO WIN    259

11.3         MARKET SHARE ANALYSIS, 2023                 260

11.4         REVENUE ANALYSIS, 2019–2023  262

11.5         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 263

11.5.1      STARS   263

11.5.2      EMERGING LEADERS     263

11.5.3      PERVASIVE PLAYERS      263

11.5.4      PARTICIPANTS 263

11.5.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         265

11.5.5.1  Company footprint               265

11.5.5.2  Type footprint       266

11.5.5.3  Application footprint            267

11.5.5.4  Region footprint   268

11.6         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        269

11.6.1      PROGRESSIVE COMPANIES         269

11.6.2      RESPONSIVE COMPANIES            269

11.6.3      DYNAMIC COMPANIES  269

11.6.4      STARTING BLOCKS         269

11.6.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 271

11.6.5.1  Detailed list of key startups/SMEs    271

11.6.5.2  Competitive benchmarking of key startups/SMEs          271

11.7         BRAND/PRODUCT COMPARISON             271

11.8         COMPANY VALUATION AND FINANCIAL METRICS                 273

11.9         COMPETITIVE SCENARIO             273

11.9.1      DEALS  274

11.9.2      EXPANSIONS     275

12            COMPANY PROFILES      277

12.1         KEY PLAYERS     277

12.1.1      SHELL PLC          277

12.1.1.1  Business overview 277

12.1.1.2  Products/Solutions/Services offered 278

12.1.1.3  Recent developments           281

12.1.1.3.1                Deals      281

12.1.1.3.2                Expansions             281

12.1.1.4  MnM view              281

12.1.1.4.1                Key strengths/Right to win 281

12.1.1.4.2                Strategic choices   282

12.1.1.4.3                Weaknesses/Competitive threats       282

12.1.2      BASF SE                 283

12.1.2.1  Business overview 283

12.1.2.2  Products/Solutions/Services offered 284

12.1.2.3  Recent developments           286

12.1.2.3.1                Deals      286

12.1.2.3.2                Expansions             287

12.1.2.4  MnM View             287

12.1.2.4.1                Key strengths/Right to win 287

12.1.2.4.2                Strategic choices   287

12.1.2.4.3                Weaknesses/Competitive threats       287

12.1.3      EXXON MOBIL CORPORATION  288

12.1.3.1  Business overview 288

12.1.3.2  Products/Solutions/Services offered 289

12.1.3.3  Recent developments           290

12.1.3.3.1                Expansions             290

12.1.3.4  MnM view              291

12.1.3.4.1                Key strengths/Right to win 291

12.1.3.4.2                Strategic choices   291

12.1.3.4.3                Weaknesses/Competitive threats       291

12.1.4      LYONDELLBASELL INDUSTRIES HOLDINGS B.V.                 292

12.1.4.1  Business overview 292

12.1.4.2  Products/Solutions/Services offered 293

12.1.4.3  Recent developments           296

12.1.4.3.1                Deals      296

12.1.4.3.2                Expansions             296

12.1.4.4  MnM view              296

12.1.4.4.1                Key strengths/Right to win 296

12.1.4.4.2                Strategic choices   297

12.1.4.4.3                Weaknesses/Competitive threats       297

12.1.5      EASTMAN CHEMICAL COMPANY              298

12.1.5.1  Business overview 298

12.1.5.2  Products/Solutions/Services offered 299

12.1.5.3  Recent developments           302

12.1.5.3.1                Expansions             302

12.1.5.4  MnM View             302

12.1.5.4.1                Key strengths/Right to win 302

12.1.5.4.2                Strategic choices   302

12.1.5.4.3                Weaknesses/Competitive threats       302

12.1.6      ASHLAND GLOBAL HOLDINGS INC.        303

12.1.6.1  Business overview 303

12.1.6.2  Products/Solutions/Services offered 305

12.1.7      CELANESE CORPORATION          306

12.1.7.1  Business overview 306

12.1.7.2  Products/Solutions/Services offered 308

12.1.7.3  Recent developments           309

12.1.7.3.1                Expansions             309

12.1.8      HUNTSMAN INTERNATIONAL LLC           310

12.1.8.1  Business overview 310

12.1.8.2  Products/Solutions/Services offered 312

12.1.9      SOLVAY SA          313

12.1.9.1  Business overview 313

12.1.9.2  Products/Solutions/Services offered 315

12.1.10   HONEYWELL INTERNATIONAL INC.        316

12.1.10.1                 Business overview 316

12.1.10.2                 Products/Solutions/Services offered 317

12.1.10.3                 Recent developments           318

12.1.10.3.1             Deals      318

12.1.11   BP P.L.C.               319

12.1.11.1                 Business overview 319

12.1.11.2                 Products/Solutions/Services offered 320

12.1.12   INEOS GROUP HOLDINGS S.A.   321

12.1.12.1                 Business overview 321

12.1.12.2                 Products/Solutions/Services offered 323

12.1.12.3                 Recent developments           323

12.1.12.3.1             Deals      323

12.2         STARTUP/SMES                324

12.2.1      TOTALENERGIES SE       324

12.2.2      SASOL   324

12.2.3      ARKEMA SA         325

12.2.4      BHARAT PETROLEUM CORPORATION LIMITED                 325

12.2.5      CARGILL               326

12.2.6      CHEVRON PHILLIPS CHEMICAL COMPANY LLC 326

12.2.7      DOW INC.            327

12.2.8      FLOTEK INDUSTRIES, INC.           327

12.2.9      INVISTA S.À R.L.                328

12.2.10   MONUMENT CHEMICAL               328

12.2.11   OLIN CORPORATION     329

12.2.12   RELIANCE INDUSTRIES LIMITED              329

12.2.13   THAIOIL SOLVENT CO., LTD.     330

13            ADJACENT & RELATED MARKETS             331

13.1         INTRODUCTION              331

13.2         LIMITATION      331

13.3         PAINTS & COATINGS MARKET   331

13.3.1      MARKET DEFINITION   331

13.3.2      MARKET OVERVIEW       331

13.4         PAINTS & COATINGS MARKET, BY REGION          332

13.4.1      EUROPE               332

13.4.2      NORTH AMERICA             333

13.4.3      ASIA PACIFIC     333

13.4.4      MIDDLE EAST & AFRICA                334

13.4.5      SOUTH AMERICA             335

14            APPENDIX           336

14.1         DISCUSSION GUIDE        336

14.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                339

14.3         CUSTOMIZATION OPTIONS        341

14.4         RELATED REPORTS         341

14.5         AUTHOR DETAILS           342

LIST OF TABLES

TABLE 1                SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY TYPE   35

TABLE 2                SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY APPLICATION 36

TABLE 3                SOLVENTS MARKET: DEFINITION AND INCLUSIONS, BY SOURCE             37

TABLE 4                REGULATIONS RELATED TO SOLVENTS                 56

TABLE 5                SOLVENTS MARKET: PORTER’S FIVE FORCES ANALYSIS            59

TABLE 6                INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION (%)                 61

TABLE 7                KEY BUYING CRITERIA, BY APPLICATION                 62

TABLE 8                GDP TRENDS AND FORECAST, BY COUNTRY, 2021–2029 (USD BILLION)             63

TABLE 9                AVERAGE SELLING PRICE TREND OF SOLVENTS OFFERED BY KEY PLAYERS,

BY APPLICATION, 2023 (USD/KG)             66

TABLE 10             AVERAGE SELLING PRICE TREND OF SOLVENTS,

BY APPLICATION, 2019–2023 (USD/KG)  66

TABLE 11             AVERAGE SELLING PRICE TREND OF SOLVENTS,

BY REGION, 2020–2024 AND 2029 (USD/KG)          67

TABLE 12              ROLES OF COMPANIES IN SOLVENTS ECOSYSTEM       69

TABLE 13              IMPORT DATA RELATED TO HS CODE 381400-COMPLIANT PRODUCTS,

BY REGION, 2018–2023 (USD MILLION)   74

TABLE 14              EXPORT DATA RELATED TO HS CODE 381400-COMPLIANT PRODUCTS,

BY REGION, 2018–2023 (USD MILLION)   75

TABLE 15              NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  75

TABLE 16              EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  76

TABLE 17              ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  77

TABLE 18              GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  78

TABLE 19              SOLVENTS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025                 78

TABLE 20              SOLVENTS MARKET: INVESTMENT AND FUNDING SCENARIO      79

TABLE 21              SOLVENTS MARKET: PATENT STATUS, 2014–2024        80

TABLE 22              LIST OF MAJOR PATENTS RELATED TO SOLVENTS, 2014–2024     82

TABLE 23              PATENTS BY BASF SE     83

TABLE 24              MAJOR POLAR AND NON-POLAR SOLVENTS                 89

TABLE 25              SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)         90

TABLE 26              SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)         90

TABLE 27              SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            91

TABLE 28              SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            91

TABLE 29              OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      91

TABLE 30              OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      92

TABLE 31              OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              92

TABLE 32              OXYGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              93

TABLE 33             OXYGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)     93

TABLE 34             OXYGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)     93

TABLE 35             OXYGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)            94

TABLE 36             OXYGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)            94

TABLE 37              OXYGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     94

TABLE 38              OXYGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     94

TABLE 39              OXYGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            95

TABLE 40              OXYGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            95

TABLE 41              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)            96

TABLE 42              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)            96

TABLE 43              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION,

2018–2023 (USD MILLION)            96

TABLE 44              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY REGION,

2024–2029 (USD MILLION)            97

TABLE 45              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 97

TABLE 46              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 97

TABLE 47              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE,

2018–2023 (USD MILLION)            98

TABLE 48              ALCOHOLS: OXYGENATED SOLVENTS MARKET, BY TYPE,

2024–2029 (USD MILLION)            98

TABLE 49              METHANOL: GENERAL PROPERTIES       98

TABLE 50              METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (KILOTON)            99

TABLE 51              METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (KILOTON)            99

TABLE 52              METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (USD MILLION)   99

TABLE 53              METHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (USD MILLION)   100

TABLE 54              ETHANOL: GENERAL PROPERTIES           100

TABLE 55              ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (KILOTON)            101

TABLE 56              ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (KILOTON)            101

TABLE 57              ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (USD MILLION)   101

TABLE 58              ETHANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (USD MILLION)   102

TABLE 59              PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (KILOTON)            102

TABLE 60              PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (KILOTON)            103

TABLE 61              PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (USD MILLION)   103

TABLE 62              PROPANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (USD MILLION)   103

TABLE 63              IPA: GENERAL PROPERTIES        104

TABLE 64              N-PROPANOL: GENERAL PROPERTIES   104

TABLE 65              BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (KILOTON)            105

TABLE 66              BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (KILOTON)            105

TABLE 67              BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2018–2023 (USD MILLION)   106

TABLE 68              BUTANOL: OXYGENATED SOLVENTS MARKET FOR ALCOHOLS,

BY REGION, 2024–2029 (USD MILLION)   106

TABLE 69              ISO-BUTANOL: GENERAL PROPERTIES 106

TABLE 70              N-BUTANOL: GENERAL PROPERTIES      107

TABLE 71              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)            107

TABLE 72              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)            108

TABLE 73              GLYCOLS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   108

TABLE 74              GLYCOLS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   108

TABLE 75              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 109

TABLE 76              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 109

TABLE 77              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)         109

TABLE 78              GLYCOLS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)         109

TABLE 79              ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2018–2023 (KILOTON)            110

TABLE 80              ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2024–2029 (KILOTON)            110

TABLE 81              ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2018–2023 (USD MILLION)   111

TABLE 82              ETHYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2024–2029 (USD MILLION)   111

TABLE 83              MONOETHYLENE GLYCOL: GENERAL PROPERTIES      111

TABLE 84              DIETHYLENE GLYCOL: GENERAL PROPERTIES                 112

TABLE 85              TRIETHYLENE GLYCOL: GENERAL PROPERTIES                 112

TABLE 86              PROPYLENE GLYCOL: GENERAL PROPERTIES                 113

TABLE 87              PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2018–2023 (KILOTON)            113

TABLE 88              PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2024–2029 (KILOTON)            114

TABLE 89              PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2018–2023 (USD MILLION)   114

TABLE 90              PROPYLENE GLYCOL: OXYGENATED SOLVENTS MARKET FOR GLYCOLS,

BY REGION, 2024–2029 (USD MILLION)   114

TABLE 91              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            115

TABLE 92              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            115

TABLE 93              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   116

TABLE 94              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   116

TABLE 95              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY TYPE, 2018–2023 (KILOTON) 116

TABLE 96              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY TYPE, 2024–2029 (KILOTON) 116

TABLE 97              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY TYPE, 2018–2023 (USD MILLION)         117

TABLE 98              GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET,

BY TYPE, 2024–2029 (USD MILLION)         117

TABLE 99              E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON)                 117

TABLE 100            E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON)                 118

TABLE 101            E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION)                 118

TABLE 102            E-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION)                 118

TABLE 103            P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON)                 119

TABLE 104            P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON)                 119

TABLE 105            P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION)                 120

TABLE 106            P-SERIES GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET

FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION)                 120

TABLE 107            BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (KILOTON)                120

TABLE 108            BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (KILOTON)                121

TABLE 109            BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2018–2023 (USD MILLION)       121

TABLE 110            BUTYL GLYCOL ETHERS: OXYGENATED SOLVENTS MARKET FOR GLYCOL ETHERS, BY REGION, 2024–2029 (USD MILLION)       121

TABLE 111            KETONES: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)            122

TABLE 112            KETONES: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)            122

TABLE 113            KETONES: OXYGENATED SOLVENTS MARKET, BY REGION,

2018–2023 (USD MILLION)            123

TABLE 114            KETONES: OXYGENATED SOLVENTS MARKET, BY REGION,

2024–2029 (USD MILLION)            123

TABLE 115            KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 123

TABLE 116            KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 123

TABLE 117            KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE,

2018–2023 (USD MILLION)            124

TABLE 118            KETONES: OXYGENATED SOLVENTS MARKET, BY TYPE,

2024–2029 (USD MILLION)            124

TABLE 119            ACETONE: GENERAL PROPERTIES           124

TABLE 120            ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (KILOTON)            125

TABLE 121            ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (KILOTON)            125

TABLE 122            ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (USD MILLION)   125

TABLE 123            ACETONE: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (USD MILLION)   126

TABLE 124            MEK: GENERAL PROPERTIES      126

TABLE 125            MEK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (KILOTON)            127

TABLE 126            MEK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (KILOTON)            127

TABLE 127            MEK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (USD MILLION)   127

TABLE 128            MEK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (USD MILLION)   128

TABLE 129            MIBK: GENERAL PROPERTIES    128

TABLE 130            MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (KILOTON)            129

TABLE 131            MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (KILOTON)            129

TABLE 132            MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2018–2023 (USD MILLION)   129

TABLE 133            MIBK: OXYGENATED SOLVENTS MARKET FOR KETONES,

BY REGION, 2024–2029 (USD MILLION)   130

TABLE 134            ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  130

TABLE 135            ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  131

TABLE 136            ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION,

2018–2023 (USD MILLION)            131

TABLE 137            ESTERS: OXYGENATED SOLVENTS MARKET, BY REGION,

2024–2029 (USD MILLION)            131

TABLE 138            ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)        132

TABLE 139            ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)        132

TABLE 140            ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)                132

TABLE 141            ESTERS: OXYGENATED SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)                132

TABLE 142            ETHYL ACETATE: GENERAL PROPERTIES                 133

TABLE 143            ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2018–2023 (KILOTON)            133

TABLE 144            ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2024–2029 (KILOTON)            134

TABLE 145            ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2018–2023 (USD MILLION)   134

TABLE 146            ETHYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2024–2029 (USD MILLION)   134

TABLE 147            BUTYL ACETATE: GENERAL PROPERTIES                 135

TABLE 148            BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2018–2023 (KILOTON)            135

TABLE 149            BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2024–2029 (KILOTON)            136

TABLE 150            BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2018–2023 (USD MILLION)   136

TABLE 151            BUTYL ACETATE: OXYGENATED SOLVENTS MARKET FOR ESTERS,

BY REGION, 2024–2029 (USD MILLION)   136

TABLE 152            HYDROCARBON: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      137

TABLE 153            HYDROCARBON: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      137

TABLE 154            HYDROCARBON: SOLVENTS MARKET, BY APPLICATION,

2018–2023 (USD MILLION)            138

TABLE 155            HYDROCARBON: SOLVENTS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            138

TABLE 156            HYDROCARBON: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  138

TABLE 157            HYDROCARBON: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  139

TABLE 158            HYDROCARBON: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          139

TABLE 159            HYDROCARBON: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          139

TABLE 160            HYDROCARBON: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     140

TABLE 161            HYDROCARBON: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     140

TABLE 162            HYDROCARBON SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            140

TABLE 163            HYDROCARBON SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            140

TABLE 164            ALIPHATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            141

TABLE 165            ALIPHATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            141

TABLE 166            ALIPHATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   142

TABLE 167            ALIPHATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   142

TABLE 168            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            142

TABLE 169            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            143

TABLE 170            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   143

TABLE 171            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   143

TABLE 172            AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)              144

TABLE 173            AROMATIC: HYDROCARBON SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)              144

TABLE 174            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY TYPE, 2018–2023 (USD MILLION)         144

TABLE 175            AROMATIC: HYDROCARBON SOLVENTS MARKET,

BY TYPE, 2024–2029 (USD MILLION)         144

TABLE 176            TOLUENE: GENERAL PROPERTIES           145

TABLE 177            TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2018–2023 (KILOTON)            145

TABLE 178            TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2024–2029 (KILOTON)            146

TABLE 179            TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2018–2023 (USD MILLION)   146

TABLE 180            TOLUENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2024–2029 (USD MILLION)   146

TABLE 181            XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2018–2023 (KILOTON)            147

TABLE 182            XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2024–2029 (KILOTON)            147

TABLE 183            XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2018–2023 (USD MILLION)   148

TABLE 184            XYLENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS,

BY REGION, 2024–2029 (USD MILLION)   148

TABLE 185            PARA-XYLENE: GENERAL PROPERTIES  148

TABLE 186            MIXED-XYLENE: GENERAL PROPERTIES                 149

TABLE 187            ETHYLBENZENE: GENERAL PROPERTIES                 149

TABLE 188            ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2018–2023 (KILOTON)         150

TABLE 189            ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2024–2029 (KILOTON)         150

TABLE 190            ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2018–2023 (USD MILLION) 150

TABLE 191            ETHYLBENZENE: HYDROCARBON SOLVENTS MARKET FOR AROMATIC SOLVENTS, BY REGION, 2024–2029 (USD MILLION) 151

TABLE 192            HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      151

TABLE 193            HALOGENATED SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      151

TABLE 194            HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              152

TABLE 195            HALOGENATED: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              152

TABLE 196            HALOGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  152

TABLE 197            HALOGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  153

TABLE 198            HALOGENATED: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          153

TABLE 199            HALOGENATED: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          153

TABLE 200            HALOGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     154

TABLE 201            HALOGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     154

TABLE 202            HALOGENATED: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            154

TABLE 203            HALOGENATED: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            154

TABLE 204            METHYLENE CHLORIDE: GENERAL PROPERTIES      155

TABLE 205            METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            155

TABLE 206            METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            156

TABLE 207            METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   156

TABLE 208            METHYLENE CHLORIDE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   156

TABLE 209            TRICHLOROETHYLENE: GENERAL PROPERTIES                 157

TABLE 210            TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            157

TABLE 211            TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            157

TABLE 212            TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   158

TABLE 213            TRICHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   158

TABLE 214            PERCHLOROETHYLENE: GENERAL PROPERTIES                 159

TABLE 215            PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            159

TABLE 216            PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            160

TABLE 217            PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   160

TABLE 218            PERCHLOROETHYLENE: HALOGENATED SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   160

TABLE 219            SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)                162

TABLE 220            SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)                163

TABLE 221            SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)       163

TABLE 222            SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)       164

TABLE 223            PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  164

TABLE 224            PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  165

TABLE 225            PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          165

TABLE 226            PAINTS & COATINGS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          165

TABLE 227            PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  166

TABLE 228            PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  166

TABLE 229            PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          167

TABLE 230            PHARMACEUTICALS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          167

TABLE 231            ADHESIVES: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)     168

TABLE 232            ADHESIVES: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)     168

TABLE 233            ADHESIVES: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)            168

TABLE 234            ADHESIVES: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)            169

TABLE 235            PRINTING INKS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  169

TABLE 236            PRINTING INKS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  170

TABLE 237            PRINTING INKS: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          170

TABLE 238            PRINTING INKS: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          170

TABLE 239            PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  171

TABLE 240            PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  171

TABLE 241            PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          172

TABLE 242            PERSONAL CARE: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          172

TABLE 243            METAL CLEANING: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  173

TABLE 244            METAL CLEANING: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  173

TABLE 245            METAL CLEANING: SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION)          173

TABLE 246            METAL CLEANING: SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          174

TABLE 247            POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            174

TABLE 248            POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            175

TABLE 249            POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   175

TABLE 250            POLYMER & RUBBER MANUFACTURING: SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   175

TABLE 251            AGRICULTURAL CHEMICALS: SOLVENTS MARKET,

BY REGION, 2018–2023 (KILOTON)            176

TABLE 252            AGRICULTURAL CHEMICALS: SOLVENTS MARKET,

BY REGION, 2024–2029 (KILOTON)            176

TABLE 253            AGRICULTURAL CHEMICALS: SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   177

TABLE 254            AGRICULTURAL CHEMICALS: SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   177

TABLE 255            OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)  178

TABLE 256            OTHER APPLICATIONS: SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)  178

TABLE 257            OTHER APPLICATIONS: SOLVENTS MARKET,

BY REGION, 2018–2023 (USD MILLION)   178

TABLE 258            OTHER APPLICATIONS: SOLVENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   179

TABLE 259            SOLVENTS MARKET, BY REGION, 2018–2023 (KILOTON)         181

TABLE 260            SOLVENTS MARKET, BY REGION, 2024–2029 (KILOTON)         182

TABLE 261            SOLVENTS MARKET, BY REGION, 2018–2023 (USD MILLION) 182

TABLE 262            SOLVENTS MARKET, BY REGION, 2024–2029 (USD MILLION) 182

TABLE 263            ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     184

TABLE 264            ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     184

TABLE 265            ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            185

TABLE 266            ASIA PACIFIC: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            185

TABLE 267            ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      186

TABLE 268            ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      186

TABLE 269            ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              187

TABLE 270            ASIA PACIFIC: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              187

TABLE 271            ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (KILOTON)              187

TABLE 272            ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              188

TABLE 273            ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)     188

TABLE 274            ASIA PACIFIC: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     188

TABLE 275            CHINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     189

TABLE 276            CHINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     189

TABLE 277            CHINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            190

TABLE 278            CHINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            190

TABLE 279            JAPAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     191

TABLE 280            JAPAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     191

TABLE 281            JAPAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            192

TABLE 282            JAPAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            192

TABLE 283            INDIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     193

TABLE 284            INDIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     194

TABLE 285            INDIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            194

TABLE 286            INDIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            195

TABLE 287            SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      195

TABLE 288            SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      196

TABLE 289            SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              196

TABLE 290            SOUTH KOREA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              197

TABLE 291            INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      197

TABLE 292            INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      198

TABLE 293            INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              198

TABLE 294            INDONESIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              199

TABLE 295            EUROPE: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)                201

TABLE 296            EUROPE: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)                201

TABLE 297            EUROPE: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)       202

TABLE 298            EUROPE: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)       202

TABLE 299          EUROPE: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     203

TABLE 300          EUROPE: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     203

TABLE 301          EUROPE: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            204

TABLE 302          EUROPE: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            204

TABLE 303            EUROPE: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (KILOTON)     205

TABLE 304            EUROPE: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)     205

TABLE 305            EUROPE: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)            206

TABLE 306            EUROPE: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)            206

TABLE 307            GERMANY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      207

TABLE 308            GERMANY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      207

TABLE 309            GERMANY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              208

TABLE 310            GERMANY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              208

TABLE 311            FRANCE: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     209

TABLE 312            FRANCE: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     209

TABLE 313            FRANCE: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            210

TABLE 314            FRANCE: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            210

TABLE 315            ITALY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     211

TABLE 316            ITALY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     211

TABLE 317            ITALY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            212

TABLE 318            ITALY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            212

TABLE 319            RUSSIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     213

TABLE 320            RUSSIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     213

TABLE 321            RUSSIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            214

TABLE 322            RUSSIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            214

TABLE 323            SPAIN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     215

TABLE 324            SPAIN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     215

TABLE 325            SPAIN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            216

TABLE 326            SPAIN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            216

TABLE 327            UK: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     217

TABLE 328            UK: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     217

TABLE 329            UK: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            218

TABLE 330            UK: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            218

TABLE 331            BELGIUM: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      219

TABLE 332            BELGIUM: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      219

TABLE 333            BELGIUM: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              220

TABLE 334            BELGIUM: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              220

TABLE 335          NORTH AMERICA: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     222

TABLE 336          NORTH AMERICA: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     222

TABLE 337          NORTH AMERICA: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            223

TABLE 338          NORTH AMERICA: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            223

TABLE 339            NORTH AMERICA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      224

TABLE 340            NORTH AMERICA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      224

TABLE 341            NORTH AMERICA: SOLVENTS MARKET, BY APPLICATION,

2018–2023 (USD MILLION)            225

TABLE 342            NORTH AMERICA: SOLVENTS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            225

TABLE 343            NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (KILOTON)              225

TABLE 344            NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              226

TABLE 345            NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)     226

TABLE 346            NORTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     226

TABLE 347            US: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     227

TABLE 348            US: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     227

TABLE 349            US: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            228

TABLE 350            US: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            228

TABLE 351            CANADA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      229

TABLE 352            CANADA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      229

TABLE 353            CANADA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              230

TABLE 354            CANADA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              230

TABLE 355          MEXICO: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     231

TABLE 356          MEXICO: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     231

TABLE 357          MEXICO: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            232

TABLE 358          MEXICO: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            232

TABLE 359            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON) 233

TABLE 360            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON) 233

TABLE 361            MIDDLE EAST & AFRICA: SOLVENTS MARKET, 2018–2023 (USD MILLION)            234

TABLE 362            MIDDLE EAST & AFRICA: SOLVENTS MARKET, 2024–2029 (USD MILLION)            234

TABLE 363            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY APPLICATION,

2018–2023 (KILOTON)     235

TABLE 364            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY APPLICATION,

2024–2029 (KILOTON)     235

TABLE 365            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY APPLICATION,

2018–2023 (USD MILLION)            236

TABLE 366            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            236

TABLE 367            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY,

2018–2023 (KILOTON)     237

TABLE 368            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY,

2024–2029 (KILOTON)     237

TABLE 369            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY,

2018–2023 (USD MILLION)            238

TABLE 370            MIDDLE EAST & AFRICA: SOLVENTS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            238

TABLE 371            SAUDI ARABIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      239

TABLE 372            SAUDI ARABIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      240

TABLE 373            SAUDI ARABIA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              240

TABLE 374            SAUDI ARABIA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              241

TABLE 375            QATAR: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     241

TABLE 376            QATAR: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     242

TABLE 377            QATAR: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            242

TABLE 378            QATAR: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            243

TABLE 379          TURKEY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     243

TABLE 380          TURKEY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     244

TABLE 381          TURKEY: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            244

TABLE 382          TURKEY: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            245

TABLE 383            IRAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     245

TABLE 384            IRAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     246

TABLE 385            IRAN: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            246

TABLE 386            IRAN: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            247

TABLE 387            SOUTH AFRICA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      247

TABLE 388            SOUTH AFRICA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      248

TABLE 389            SOUTH AFRICA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              248

TABLE 390            SOUTH AFRICA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              249

TABLE 391          SOUTH AMERICA: SOLVENTS MARKET, BY TYPE, 2018–2023 (KILOTON)     249

TABLE 392          SOUTH AMERICA: SOLVENTS MARKET, BY TYPE, 2024–2029 (KILOTON)     250

TABLE 393          SOUTH AMERICA: SOLVENTS MARKET, BY TYPE, 2018–2023 (USD MILLION)            250

TABLE 394          SOUTH AMERICA: SOLVENTS MARKET, BY TYPE, 2024–2029 (USD MILLION)            251

TABLE 395            SOUTH AMERICA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      251

TABLE 396            SOUTH AMERICA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      252

TABLE 397            SOUTH AMERICA: SOLVENTS MARKET, BY APPLICATION,

2018–2023 (USD MILLION)            252

TABLE 398            SOUTH AMERICA: SOLVENTS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)            253

TABLE 399            SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (KILOTON)              253

TABLE 400            SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (KILOTON)              253

TABLE 401            SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)     254

TABLE 402            SOUTH AMERICA: SOLVENTS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     254

TABLE 403            BRAZIL: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)     255

TABLE 404            BRAZIL: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)     255

TABLE 405            BRAZIL: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)            256

TABLE 406            BRAZIL: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)            256

TABLE 407            ARGENTINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (KILOTON)      257

TABLE 408            ARGENTINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (KILOTON)      257

TABLE 409            ARGENTINA: SOLVENTS MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              258

TABLE 410            ARGENTINA: SOLVENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              258

TABLE 411            SOLVENTS MARKET: OVERVIEW OF MAJOR STRATEGIES ADOPTED

BY KEY PLAYERS               259

TABLE 412            SOLVENTS MARKET: DEGREE OF COMPETITION, 2023       261

TABLE 413            SOLVENTS MARKET: TYPE FOOTPRINT 266

TABLE 414            SOLVENTS MARKET: APPLICATION FOOTPRINT                 267

TABLE 415            SOLVENTS MARKET: REGION FOOTPRINT                 268

TABLE 416            SOLVENTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES              271

TABLE 417            SOLVENTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES          271

TABLE 418            SOLVENTS MARKET: DEALS, JANUARY 2021–JULY 2024             274

TABLE 419            SOLVENTS MARKET: EXPANSIONS, JANUARY 2021–JULY 2024  275

TABLE 420            SHELL PLC: COMPANY OVERVIEW           277

TABLE 421            SHELL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED             278

TABLE 422            SHELL PLC: DEALS          281

TABLE 423            BASF SE: EXPANSIONS   281

TABLE 424            BASF SE: COMPANY OVERVIEW 283

TABLE 425            BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             284

TABLE 426            BASF SE: DEALS 286

TABLE 427            BASF SE: EXPANSIONS   287

TABLE 428            EXXON MOBIL CORPORATION: COMPANY OVERVIEW          288

TABLE 429            EXXON MOBIL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    289

TABLE 430            EXXON MOBIL CORPORATION: EXPANSIONS                 290

TABLE 431            LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY OVERVIEW         292

TABLE 432            LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED         293

TABLE 433            LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: DEALS         296

TABLE 434            LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: EXPANSIONS            296

TABLE 435            EASTMAN CHEMICAL COMPANY: COMPANY OVERVIEW          298

TABLE 436            EASTMAN CHEMICAL COMPANY: PRODUCTS/SOLUTIONS/SERVICES OFFERED    299

TABLE 437            EASTMAN CHEMICAL COMPANY: EXPANSIONS                 302

TABLE 438            ASHLAND GLOBAL HOLDINGS INC.: COMPANY OVERVIEW          303

TABLE 439            ASHLAND GLOBAL HOLDINGS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    305

TABLE 440            CELANESE CORPORATION: COMPANY OVERVIEW          306

TABLE 441            CELANESE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    308

TABLE 442            CELANESE CORPORATION: EXPANSIONS                 309

TABLE 443            HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW          310

TABLE 444            HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    312

TABLE 445            SOLVAY SA: COMPANY OVERVIEW          313

TABLE 446            SOLVAY SA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             315

TABLE 447            HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW          316

TABLE 448            HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    317

TABLE 449            HONEYWELL INTERNATIONAL INC.: DEALS                 318

TABLE 450            BP P.L.C.: COMPANY OVERVIEW                319

TABLE 451            BP P.L.C.: PRODUCTS/SOLUTIONS/SERVICES OFFERED             320

TABLE 452            INEOS GROUP HOLDINGS S.A.: COMPANY OVERVIEW          321

TABLE 453            INEOS GROUP HOLDINGS S.A.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    323

TABLE 454            INEOS GROUP HOLDINGS S.A.: DEALS   323

TABLE 455            TOTALENERGIES SE: COMPANY OVERVIEW                 324

TABLE 456            SASOL: COMPANY OVERVIEW    324

TABLE 457            ARKEMA SA: COMPANY OVERVIEW         325

TABLE 458            BHARAT PETROLEUM CORPORATION LIMITED: COMPANY OVERVIEW   325

TABLE 459            CARGILL: COMPANY OVERVIEW               326

TABLE 460            CHEVRON PHILLIPS CHEMICAL COMPANY LLC: COMPANY OVERVIEW   326

TABLE 461            DOW INC.: COMPANY OVERVIEW             327

TABLE 462            FLOTEK INDUSTRIES, INC.: COMPANY OVERVIEW          327

TABLE 463            INVISTA S.À R.L.: COMPANY OVERVIEW 328

TABLE 464            MONUMENT CHEMICAL: COMPANY OVERVIEW                 328

TABLE 465            OLIN CORPORATION: COMPANY OVERVIEW                 329

TABLE 466            RELIANCE INDUSTRIES LIMITED: COMPANY OVERVIEW          329

TABLE 467            THAIOIL SOLVENT CO., LTD.: COMPANY OVERVIEW          330

TABLE 468            EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2018–2023 (USD MILLION)     332

TABLE 469            EUROPE: PAINTS & COATINGS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)     332

TABLE 470            NORTH AMERICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2018–2023 (USD MILLION)               333

TABLE 471            NORTH AMERICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               333

TABLE 472            ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY,

2018–2023 (USD MILLION)            333

TABLE 473            ASIA PACIFIC: PAINTS & COATINGS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)            334

TABLE 474            MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2018–2023 (USD MILLION)               334

TABLE 475            MIDDLE EAST & AFRICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               335

TABLE 476            SOUTH AMERICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2018–2023 (USD MILLION)               335

TABLE 477            SOUTH AMERICA: PAINTS & COATINGS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               335

LIST OF FIGURES

FIGURE 1              SOLVENTS MARKET SEGMENTATION    34

FIGURE 2              SOLVENTS MARKET: RESEARCH DESIGN                 39

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): COLLECTIVE SHARE OF MAJOR PLAYERS              42

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS (BOTTOM-UP)          43

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – BOTTOM-UP

(DEMAND SIDE): PRODUCTS SOLD         43

FIGURE 6              SOLVENTS MARKET: DATA TRIANGULATION                 44

FIGURE 7              MARKET GROWTH PROJECTION FROM SUPPLY SIDE      45

FIGURE 8              MARKET GROWTH PROJECTION FROM DEMAND-SIDE DRIVERS

AND OPPORTUNITIES   46

FIGURE 9              OXYGENATED SOLVENTS SEGMENT TO LEAD MARKET IN 2029                49

FIGURE 10            PAINTS & COATINGS SEGMENT TO LEAD SOLVENTS MARKET IN 2029         49

FIGURE 11            ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2023 50

FIGURE 12            GROWING DEMAND FOR SOLVENTS IN PAINTS & COATINGS, ADHESIVES,

AND PRINTING INK APPLICATIONS TO CREATE GROWTH OPPORTUNITIES

FOR MARKET PLAYERS 51

FIGURE 13            PAINTS & COATINGS SEGMENT AND CHINA LED ASIA PACIFIC SOLVENTS

MARKET IN 2023                51

FIGURE 14            ASIA PACIFIC TO BE LARGEST MARKET FOR SOLVENTS DURING FORECAST PERIOD                52

FIGURE 15            OXYGENATED SOLVENTS SEGMENT ACCOUNTED FOR LARGEST SHARES OF ALL REGIONAL MARKETS IN 2023              52

FIGURE 16            INDIA TO BE FASTEST-GROWING SOLVENTS MARKET DURING FORECAST PERIOD    53

FIGURE 17            SOLVENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES     54

FIGURE 18            SOLVENTS MARKET: PORTER’S FIVE FORCES ANALYSIS            59

FIGURE 19            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY APPLICATION        61

FIGURE 20            KEY BUYING CRITERIA, BY APPLICATION                 62

FIGURE 21            SOLVENTS MARKET: SUPPLY CHAIN ANALYSIS                 64

FIGURE 22            AVERAGE SELLING PRICE TREND OF SOLVENTS OFFERED BY KEY PLAYERS,

BY APPLICATION, 2023 (USD/KG)             65

FIGURE 23           AVERAGE SELLING PRICE TREND OF SOLVENTS, BY REGION,

2020–2024 AND 2029 (USD/KG)   67

FIGURE 24            TRENDS/DISRUPTIONS INFLUENCING CUSTOMER BUSINESS   68

FIGURE 25            PARTICIPANTS IN SOLVENTS ECOSYSTEM                 68

FIGURE 26            IMPORT DATA FOR HS CODE 381400-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2018–2023 (USD MILLION)     73

FIGURE 27            EXPORT DATA FOR HS CODE 381400-COMPLIANT PRODUCTS,

BY KEY COUNTRY, 2018–2023 (USD MILLION)     74

FIGURE 28            PATENTS REGISTERED FOR SOLVENTS, 2014–2024        80

FIGURE 29            MAJOR PATENTS RELATED TO SOLVENTS, 2014–2024        81

FIGURE 30            LEGAL STATUS OF PATENTS FILED RELATED TO SOLVENTS, 2014–2024              84

FIGURE 31            MAXIMUM PATENTS FILED IN JURISDICTION OF CHINA, 2014–2024       84

FIGURE 32            IMPACT OF AI/GEN AI ON SOLVENTS MARKET                 85

FIGURE 33            OXYGENATED SOLVENTS SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         90

FIGURE 34            PAINTS & COATINGS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE

IN 2024  162

FIGURE 35            ASIA PACIFIC TO BE FASTEST-GROWING SOLVENTS MARKET DURING

FORECAST PERIOD         181

FIGURE 36            ASIA PACIFIC: SOLVENTS MARKET SNAPSHOT                 183

FIGURE 37            EUROPE: SOLVENTS MARKET SNAPSHOT                 200

FIGURE 38            NORTH AMERICA: SOLVENTS MARKET SNAPSHOT          221

FIGURE 39            SOLVENTS MARKET SHARE ANALYSIS, 2023                 261

FIGURE 40            SOLVENTS MARKET: REVENUE ANALYSIS OF KEY PLAYERS,

2019–2023 (USD MILLION)            262

FIGURE 41            SOLVENTS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     264

FIGURE 42            SOLVENTS MARKET: COMPANY FOOTPRINT                 265

FIGURE 43            SOLVENTS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023               270

FIGURE 44            SOLVENTS MARKET: BRAND/PRODUCT COMPARISON   272

FIGURE 45            SOLVENTS MARKET: EV/EBITDA OF KEY MANUFACTURERS           273

FIGURE 46            SOLVENTS MARKET: ENTERPRISE VALUATION OF KEY PLAYERS              273

FIGURE 47            SHELL PLC: COMPANY SNAPSHOT           278

FIGURE 48            BASF SE: COMPANY SNAPSHOT 284

FIGURE 49            EXXON MOBIL CORPORATION: COMPANY SNAPSHOT          289

FIGURE 50            LYONDELLBASELL INDUSTRIES HOLDINGS B.V.: COMPANY SNAPSHOT         293

FIGURE 51            EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT          299

FIGURE 52            ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT          304

FIGURE 53            CELANESE CORPORATION: COMPANY SNAPSHOT          307

FIGURE 54            HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT          311

FIGURE 55            SOLVAY SA: COMPANY SNAPSHOT          314

FIGURE 56            HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT          317

FIGURE 57            BP P.L.C.: COMPANY SNAPSHOT               320

FIGURE 58            INEOS GROUP HOLDINGS S.A.: COMPANY SNAPSHOT          322