Oxygenated Solvents Market –
Oxygenated Solvents Market size was valued at US$ 21.82Bn in 2019 and is expected to reach USD XX Bn by 2026, at a CAGR of XX %.
An oxygenated solvent contains oxygen as a part of molecule structure, with low toxicity and high solvency. These solvents are commonly used in pharmaceuticals, perfumes, paints, inks and food processing. Glycols, alcohols, ketones, bio & green solvents, and esters are various types of oxygenated solvents. Owing to its low toxicity and high solvency coupled with high-end use industry demand drives the market for the oxygenated solvent market.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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By source, bio & green solvent is expected to be one of the fastest-growing segments during the forecast period. Growth of this segment can be attributed to its use of renewable sources as raw materials along with its non-toxic and eco-friendly nature. Alcohol solvent segment is expected to be the largest, in terms of volume owing to its low cost and high dissolution.
Asia-Pacific will form the largest market for oxygenated solvents along with monitoring one of the fastest growths. This can be accredited to the high investment of the private sector in construction, automotive, agriculture, and pharmaceutical industry. India and China are two major countries within the Asia Pacific region that have contributed to the growing demand for this market during the forecast period.
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Oxygenated Solvents Market, by Source:
• Bio & Green
• Conventional
Oxygenated Solvents Market, by Type:
• Glycols
• Glycol Ethers
• Ketones
• Bio & Green Solvents
• Alcohols
• Esters
• Others
Oxygenated Solvents Market, by Application:
• Personal Care
• Crop Protection
• Lubricants
• Paints & Coatings
• Pharmaceuticals
• Others
Oxygenated Solvents Market, by Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Key Players Operating in the Oxygenated Solvents Market:
• BASF (Germany)
• The Dow Chemical Company (U.S.)
• OXEA (Germany)
• Royal Dutch Shell (Netherlands)
• ExxonMobil (U.S.)
• LyondellBasell (Netherlands)
• Eastman Chemical Company (U.S.)
• SINOPEC (China)
• Petronas (Malaysia)
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