Solvent is a material that dissolves a solute thus, resulting in a solution. Solvents are usually in liquid state but can also be in solid or gaseous forms. Solvents are used for varied applications in domestic, commercial and research purposes. Herein, the evaluation conducted considers the extrinsic and intrinsic factors governing the market. The aim of this report is to provide an insight on the global solvent markets, current and projected trends and to carry out an in depth analysis of the available market potentials. The report evaluates opportunities in the developed and emerging economies so that corporations can make strategic decisions and gain competitive edge.
There are certain factors that play the role of drivers for the solvent market such as growing demand for solvents in construction industry, its application in medical field and increasing use of solvents in pharmaceutical, sealants, adhesives and printing inks. Also, the rising regulatory pressure for the use of organic solvents, which are ecofriendly in nature, is acting as a driver for the global solvents market.