North America Specialty Solvents Market is Projected to be Valued at US$ 51.2 Bn by 2022

North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research
North America Specialty Solvents Market is
Projected to be Valued at US$ 51.2 Bn by
2022 - Persistence Market Research
Persistence Market Research
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North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research Released New Market Report “North America Market Study on
Speciality Solvents : Pharmaceutical and Personal Care Segment to Exhibit above Average
Growth during the Forecast Period 2016 - 2022,” the North America specialty solvents market was
valued at US$ 37.8 Bn in 2015 and is anticipated to expand at a CAGR of 4.5% from 2016 to 2022, to
reach a market value of US$ 51.2 Bn by 2022.
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Currently, the North America specialty solvents market is mainly driven by factors such as growing overall
chemical industry output and consumption of these chemicals across various industries, increasing
demand from the pharmaceuticals industry, and surge in overall industrial output. However, factors such
as distribution channel and supply chain infringement and decreasing profit margins as a result of
increasing market competition are some of the major challenges expected to be faced by market players
in North America specialty solvents market during the forecast period.
The North America specialty solvents market is segmented on the basis of country, end-use, and product
type. On the basis of country, the North America specialty solvents market is segmented into the U.S. and
Canada. The U.S. market for specialty solvents is expected to be the largest contributor to the overall
North America market in terms of value share, followed by Canada, by 2015 end. The U.S. market is also
expected to be the fastest growing market over the forecast period (2016-2022). Growth of the U.S.
specialty solvents market is primarily attributed to the growth of end-user industries such as building and
construction, pharmaceutical and personal care, food & beverages, etc.
On the basis of product type, the market is segmented into ten major segments, namely, alcohol, aliphatic
hydrocarbon, amine, aromatic hydrocarbon, chelating agents, chlorinated solvents, ester, ether, fatty
chemicals, and ketone. In terms of value, the ether segment is expected to emerge as the fastest growing
segment in the North America specialty solvents market, reaching a market value of around US$ 4.3 Bn
by 2022 end, expanding at a CAGR of 6.0% over the forecast period.
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North America Speciality Solvents Market, 2016 - 2022
On the basis of end-use, the market is segmented into plastic & rubber, electronics & IT, food &
beverages, pharmaceuticals & personal care, building & construction, automotive, agriculture, mining, oil
& gas, household, industrial & institutional (HI & I) and others. The electronics & IT segment is expected
to emerge as the fastest growing segment, by end-use, in the North America specialty solvents market
over the forecast period.
Key players included in this study on the North America specialty solvents market include BASF SE,
Bayer Group, Akzonobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., E.I.
duPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, and Eastman
Chemical Company.
The North America specialty solvents market is segmented as follows
By Product type
Alcohol
•
2-Ethyl Hexanol
•
Butanol
•
Ethanol
•
Isobutanol
•
Isopropanol
•
Methanol
•
Propanol
•
Propylene Glycol
Aliphatic Hydrocarbon
Amine
Fatty Amines
•
Primary
•
Secondary
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North America Speciality Solvents Market, 2016 - 2022
•
Tertiary
Primary
•
Aniline
•
Monoethanolamine
•
Monomethylamine
Secondary
•
Diethanolamine
•
Dimethylamine
•
Diphenylamine
•
Methylethanolamine
Tertiary
•
Triphenylamine
•
Methyl diethanolamine
•
Triethanolamine
•
Trimethylamine
Aromatic Hydrocarbon
•
Toluene
•
Xylene
Chelating Agents
•
Diethylenetriaminepentaacetic acid (DTPA)
•
Ethylenedinitrilotetraacetic acid (EDTA)
•
N,N-bis(carboxymethyl)glycine (NTA)
Chlorinated Solvents
•
Carbon tetrachloride
•
Chloroform
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North America Speciality Solvents Market, 2016 - 2022
•
Dichloromethane
•
Ethylene Chloride (Dichloro ethane)
•
Tetrachloroethylene (Perchloroethylene)
Ester
•
Acetyl Acetate (Acetic Anhydride)
•
Butyl Ester (Butyl acetate)
•
Glycerol Ester
•
Methyl/Ethyl Esters (Ethyl Acetate)
•
Polyethylene & Polypropylene Glycol (PEG & PPG) Esters
Ether
•
Diethyl Ether
•
Tetrahydrofuran
•
Anisole
•
Dimethyl Ether
•
Glycol Ether
•
Polyethylene Glycol (PEG)
Fatty Chemicals
•
Glycerine
•
Tall Oil Fatty Acids
Ketone
•
Acetone
•
Methyl Ethyl Ketone
•
Methyl Isobutyl Ketone
•
Methyl Isopropyl Ketone
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North America Speciality Solvents Market, 2016 - 2022
By End-use
•
Agriculture
•
Automotive
•
Building & Construction
•
Electronics & IT
•
Food & Beverages
•
Household, Industrial and Institutional (HI & I)
•
Mining
•
Oil & Gas
•
Pharmaceuticals & Personal Care
•
Plastic & Rubber
•
Others
By Country
•
U.S.
•
Canada
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North America Speciality Solvents Market, 2016 - 2022
Market Bytes:
The North America specialty solvents market is anticipated to grow from US$ 37.8 Bn in 2015 to US$ 51.2
Bn by 2022, expanding at a CAGR of 4.5% in terms of revenue during the forecast period (2016-2022).
In this report, the North America specialty solvents market is tracked in terms of volume consumption, and
is calibrated to obtain the market revenue estimates by multiplication of weighted average prices.
Increasing demand from various end-use industries, such as pharmaceuticals & personal care, building &
construction, food and beverages, household, industrial & institutional (HI & I), etc., is anticipated to drive
growth of the North America specialty solvents market over the forecast period. The growth of the
pharmaceuticals industry and increasing demand for these chemicals from the electronics and IT industry
are factors that are expected to further push their demand in the North America market. Due to rising
demand from various industries, the overall North America specialty solvent market is expected to
increase at a CAGR higher than that of the average economy growth of the region.
However, factors such as distribution channel and supply chain infringement, decreasing profit margins,
etc. are some of the major challenges expected to be faced by market players in the North America
specialty solvents market during the forecast period.
The overall North America specialty solvents market is segmented on the basis of product type, end-use,
and country.
The section - market analysis, by product type, comprehensively analyzes the market on the basis of
product type and presents an in-depth analysis of the market size in terms of value and volume for 20162022. In 2015, with more than one-third of total revenue share, the aromatic hydrocarbon segment
dominated the North America specialty solvents market, followed by the alcohol and amine segments,
respectively. The ether segment is anticipated to expand at the fastest CAGR of 6.0% over the forecast
period in the North America specialty solvents market in terms of revenue, followed by the fatty chemicals
segment.
The section - market analysis, by end-use, analyzes the North America specialty solvent market on the
basis of end-uses of these chemicals across various industries and the data is provided both in terms of
value and volume for 2016-2022. The electronics and IT segment is expected to expand at the highest
CAGR of 7.2% in terms of value during the forecast period. In terms of market share, the household,
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North America Speciality Solvents Market, 2016 - 2022
industrial, and institutional (HI & I) segment accounted for more than one third revenue share of the
overall market in 2015 and is expected to dominate the North America market throughout the forecast
years.
The section - market analysis, by country, includes an in-depth country-level analysis of the U.S. and
Canada market, by product type and end-use; and provides market data both in terms of value and
volume for 2016-2022. In 2015, the U.S. dominated the overall North America specialty solvent market,
accounting for more than 90% share. The U.S. market is also expected to expand at a marginally higher
CAGR than that of the Canada over the forecast period.
Key players reported in this study on the North America specialty solvents market include BASF SE,
Bayer Group, Akzonobel N.V., The Dow Chemical Company, LyondellBasell Industries Holdings B.V., E.I.
duPont de Nemours and Company, Mitsui Chemicals, Braskem SA, PPG Industries, and Eastman
Chemical Company.
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North America Speciality Solvents Market, 2016 - 2022
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