Solvent is an organic or inorganic substance that can dissolve solute, resulting in formation of solution. Apart from dissolving, solvents are used to suspend or extract other materials. Solvents are mostly used in paints, varnishes, inks, perfumes, dry cleaning, printing and many others. There is high scope for the Solvent Market in industrial activities and research across the globe during 2016-2021.

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Scope and Regional Forecast of the Solvent Market:
According to the IndustryARC research analysis studies on the Solvent Market, Asia is the leading market for solvents followed by North America and South America. Asian countries such as China, Japan and India have witnessed a potential growth.
Europe and (North & South) America also have considerable shares in the Global Solvent Market. The increasing demand of solvents in Europe is driven mainly by the automobile sector. The major driving factors of this market are the emerging economies in the Asia-Pacific region as it holds for approximately half of the demand for solvents market.
The emerging construction activities and automobile industries, with no stringent environmental regulations promote the demand for the Solvent Market in Asia Pacific region. Bio based solvents are expected to witness high demand in North America and Europe during 2016-2021.

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Segmentation and Key Players of the Solvent Market:
The Solvent Market is segmented into various categories in the IndustryARC marketing research report by source, by type, by end user industry and by geography.
By source: Natural Sources, Derived Sources (Petroleum Sources, Synthetic Sources) and others
By type: Organic Solvents (Hydrocarbon solvents (Aliphatic, Aromatic and others), Oxygenated solvents (Alcohols, Ketones, Aldehydes, Glycol ethers, Esters and others), Halogenated solvents (Chlorinated, Brominated and others) and others), Inorganic Solvents (Water, Liquid Ammonia, Sulfuryl Chloride Fluoride and others)
By end user industry: Pharmaceuticals, Food and Beverage, Agricultural, Automotive, Industrial Cleaning, Oil and Gas, Chemical and others
By geography: North America, South America, Europe, Asia Pacific and ROW
The key players in the Solvent Market according to the IndustryARC research report are as follows:
• BASF SE (Germany)
• The DOW Chemical Company (U.S.)
• Celanese Corporation (U.S.)
• Exxon Mobil Corporation (U.S.)
• Honeywell International Inc. (U.S.)

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The Solvent Market is a rapidly growing market with many applications of solute and solvent chemicals in various end user industries such as inks, paints etc., across the globe. This market is expected to witness high growth due to many investors for this market in Asia Pacific and increasing demand for the bio-based chemical solvents across the globe during 2016-2021.
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