The report “Solvent Market by Type (Ketones, Esters, Aromatics, Alcohols), Application (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care) & Source – Global Trends & Forecast to 2018″ by MarketsandMarkets is now available at RnRMarketResearch.com.
The report defines and segments the solvent market with an analysis and forecast of the market volume and value. The solvent market value will grow to $43.4 billion by 2018, at a CAGR of 5.0% from 2013 to 2018. The conventional solvents market is mainly driven by increasing demand from the construction and automobile sector in the developing economies of Asia-Pacific. On the other hand, the consumption of bio & green solvents market is being pushed due to the minimum impact they have on the environment. Lesser volatile organic compounds (VOCs) coupled with renewable sources as their feedstock makes them an ideal choice in highly regulated countries of North America and Europe. As the performance to cost ratio of these solvents increase, these will find a higher penetration in various end-user industries. Rising crude oil prices is also a considerable factor for increased penetration of bio & green solvents as consumers try to reduce the dependency on non-renewable resources such as crude oil, coal, and natural gas.
The current market demand is concentrated on environmentally safe solvents due to various regulations such as The Clean Air Act revisions of 1996 and Registration, Evaluation and Authorization of Chemicals (REACH) legislation of 2007. This is a driver for bio & green solvents, which will help increase its penetration in various end-user industries. Other market opportunities include high demand from emerging economies of the Asia-Pacific region such as China. This demand is derived from thriving industries in the region such as construction and automobile.
For more information on this report (Source) visit: http://beforeitsnews.com/chemtrails/2014/05/solvent-market-ketones-esters-aromatics-alcohols-20132018-2448644.html
The report defines and segments the solvent market with an analysis and forecast of the market volume and value. The solvent market value will grow to $43.4 billion by 2018, at a CAGR of 5.0% from 2013 to 2018. The conventional solvents market is mainly driven by increasing demand from the construction and automobile sector in the developing economies of Asia-Pacific. On the other hand, the consumption of bio & green solvents market is being pushed due to the minimum impact they have on the environment. Lesser volatile organic compounds (VOCs) coupled with renewable sources as their feedstock makes them an ideal choice in highly regulated countries of North America and Europe. As the performance to cost ratio of these solvents increase, these will find a higher penetration in various end-user industries. Rising crude oil prices is also a considerable factor for increased penetration of bio & green solvents as consumers try to reduce the dependency on non-renewable resources such as crude oil, coal, and natural gas.
The current market demand is concentrated on environmentally safe solvents due to various regulations such as The Clean Air Act revisions of 1996 and Registration, Evaluation and Authorization of Chemicals (REACH) legislation of 2007. This is a driver for bio & green solvents, which will help increase its penetration in various end-user industries. Other market opportunities include high demand from emerging economies of the Asia-Pacific region such as China. This demand is derived from thriving industries in the region such as construction and automobile.
For more information on this report (Source) visit: http://beforeitsnews.com/chemtrails/2014/05/solvent-market-ketones-esters-aromatics-alcohols-20132018-2448644.html
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