Business

Steady Growth to be Witnessed by Oxygenated Solvents Market by 2025

Press Release

Oxygenated solvents are basically produced using distilling components from chemicals, which help in creating balance and consistency between ingredients in the end-product. Oxygenated solvents are organic solvents, their molecules contain oxygen. Oxygenated solvents are known for their significantly high rate of purity owing to the critical solvent refinement processes which eliminate excess water and particulate matter which occurs in various stages of production. Various types of oxygenated solvents are available in the market. These include alcohols, glycols, ketones, esters, glycol ethers, etc. Oxygenated solvents are widely utilized in various applications, such as paints & coatings, personal care products, pharmaceutical, etc. They are also utilized as diluents as well as for chemical synthesis in various types of formulations.

Generally, oxygenated solvents are more expensive than hydrocarbons. Hence, mixtures are made whenever possible to lower the cost. However, they have stronger solvency and are utilized as active solvents for most of the synthetic resins. Their strong solvency, together with the wide range of volatilities available, makes them an extremely important group of solvents for the paints & coatings industry.

Get Sample Copy Of This @ https://www.persistencemarketresearch.com/samples/20389

Global Oxygenated Solvents Market: Segmentation

The global oxygenated solvents market can be segmented on the basis of type and application.

Based on type, the global oxygenated solvents market can be segmented into:

  • Alcohols
  • Glycols
  • Esters
  • Ketones
  • Glycol Ethers
  • Others

Based on application, the global oxygenated solvents market can be segmented into:

  • Paints & Coatings
  • Pharmaceuticals
  • Cleaners
  • Cosmetics
  • Others

Global Oxygenated Solvents Market: Dynamics

The growing construction industry in developing regions, such as Asia Pacific, Middle East etc. is supporting the demand for paints and coatings products, which, in turn, will boost the demand for oxygenated solvents over the near future. Rapid developments in urban areas, smart city projects and renovation of aging structures are the major reasons responsible for the growth of the construction industry in the region.

Various organizations, such as the US Environmental Protection Agency (EPA), California Air Resources Board (CARB) and Ozone Transport Commission (OTC), etc. are working to set restrictive limits on Volatile Organic Compounds (VOCs) content in industrial and architectural maintenance coatings. These environmental regulations are expected to be the key challenges for the manufacturers in the region.

Manufacturers of oxygenated solvents are working on the development of eco-friendly solvents which are also cost effective. These oxygenated solvents are non-flammable, non-VOC and also have low toxicity. Eco-friendly oxygenated solvents are an excellent alternative to the traditional solvents, such as N-Methylpyrrolidone. These green alternative solvents can be utilized in various applications, which include paint stripping, cleaning, degreasing, etc.

Global Oxygenated Solvents Market: Regional Outlook

Globally, the oxygenated solvents market is expected to be dominated by the Asia-Pacific region. Owing to the rising investments in the construction, automotive and pharmaceutical industries, the demand for oxygenated solvents is expected to rise in these sectors. Europe and North America are anticipated to show moderate growth in the oxygenated solvents market due to the steady growth of the end-use industries in developed countries, such as U.S., Germany, etc. Middle East & Africa are expected to account for a small share in the market. However, it is anticipated, owing to the upcoming construction projects, the region will grow with a healthy growth rate over the forecast period. Latin America is expected to show slow growth in the market over the next decade

Global Oxygenated Solvents Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Oxygenated Solvents market include Arkema Group, Banner Chemicals Limited, DowDuPont, Exxon Mobil Corporation, BASF SE, Royal Dutch Shell plc, LyondellBasell Industries Holdings B.V., Eastman Chemical Company, Petronas, and others.

Key manufacturers of oxygenated solvents are getting themselves involved in the manufacturing of bio-based solvents owing to the stringent environmental regulations on volatile organic compound emissions.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Request For TOC @ https://www.persistencemarketresearch.com/toc/20389

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint