Categories: Chemicals

Global Aprotic Solvents Market Size and Forecast 2024-2033| BASF SE, Eastman Chemical Company, Royal Dutch Shell PLC, Ineos Chemicals Company, Celanese Corporation

The Aprotic Solvents Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Aprotic Solvents Global Market Report 2024, The aprotic solvents market size has grown marginally in recent years. It will grow from $20.27 billion in 2023 to $20.59 billion in 2024 at a compound annual growth rate (CAGR) of 1.6%. The growth in the historic period can be attributed to chemical manufacturing growth, industrial solvent usage, polymer and resin production, growing automotive sector, electronics manufacturing.

The aprotic solvents market size is expected to see steady growth in the next few years. It will grow to $22.4 billion in 2028 at a compound annual growth rate (CAGR) of 2.1%. The growth in the forecast period can be attributed to growth in pharmaceutical industry, supply chain dynamics, regulatory shifts, global manufacturing trends.. Major trends in the forecast period include innovation in paints and coatings, focus on green chemistry, advancements in lithium-ion batteries, focus on green solvents.

The growing infrastructural and construction activities are expected to boost the growth of the aprotic solvents market going forward. Infrastructural and construction activities are increasing due to rising population, economic growth, and rising urbanization. Aprotic solvents are used in adhesives and sealants, paints, and coatings to improve the adhesion between the polymer matrix and the fiber surface during construction. For instance, in October 2021, according to Oxford Economics, a France-based advisory firm, global construction output was expected to grow by 42% in terms of volume to reach 15.2 trillion by 2030. The United States, China, India, and Indonesia together account for 58.3% of global growth in construction. Therefore, the growing infrastructural and construction activities are driving the growth of the aprotic solvents market.

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The aprotic solvents market covered in this report is segmented –

1) By Type: N-Methyl-2-Pyrrolidone (NMP) , Toluene, Benzene, Acetone, Other Types

2) By Source: Bio-Based, Synthetic

3) By Application: Oil And Gas, Plastics, Pharmaceuticals, Electronic Equipment, Paints And Coatings, Adhesives, Other Applications

Product innovations are a key trend in gaining popularity in the aprotic solvents market. Major companies operating in the aprotic solvents market are focused on developing innovative solutions to strengthen their position in the market. For instance, in June 2022, INEOS Group Limited, a UK-based global chemicals company, developed its first bio-attributed phenol, the acetone alpha-methylstyrene (AMS) product line. These items, which are created without the use of fossil fuels as a feedstock, will be offered under the INVIRIDIS brand. They are an example of innovation in the global phenol market, providing a more environmentally friendly and sustainable alternative to conventional phenol, acetone, or AMS. INVIRIDIS is created from bio-attributed cumene, which allows for the substitution of fossil fuel resources. INVIRIDIS is expected to have numerous value-added applications across a range of industry sectors, including highly specialized end-uses such as automotive, construction, home improvement, electronics, and healthcare

The aprotic solvents market report table of contents includes:

1. Executive Summary

2. Aprotic Solvents Market Characteristics

3. Aprotic Solvents Market Trends And Strategies

4. Aprotic Solvents Market – Macro Economic Scenario

5. Global Aprotic Solvents Market Size and Growth

26. South America Aprotic Solvents Market

27. Brazil Aprotic Solvents Market

28. Middle East Aprotic Solvents Market

29. Africa Aprotic Solvents Market

30. Aprotic Solvents Market Competitive Landscape And Company Profiles

Top Major Players: