Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.

Oxygenated solvents are mainly produced by using distilled components from chemicals. They are organic in nature with oxygen as their molecules. Several varieties of oxygenated solvents are accessible in the market, these include alcohols, glycols, ketones, esters, glycol ethers, and others. These oxygenated solvents are critical to the effectiveness of many products consumers utilize every day.

The oxygenated solvents market is expected to observe a notable CAGR during the forecast period, i.e., 2020-2028. The market is segmented by type, source, application, and region. Among the products source, the conventional segment captured major share owing to the market demand coming from less developed economies where the laws concerning the environment are low and purchasing power is less compared to developed nations. These nations are witnessing rapid industrialization which calls for a huge demand for oxygenated solvents. The bio & green segment, on the other hand, is likely to witness massive growth opportunities in the developed nations as they are highly aware of the negative consequences of non-eco-friendly products, laws are stringent over there, and the nations are strong enough to afford.

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“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Regionally, the oxygenated solvents market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
The market in North America and Europe is expected to contribute significant revenue share in the global market over the forecast period. The growth is attributed to rising demand from the cosmetic industry, major players housed in the regions, and various mergers and acquisitions undertakings that support the global market for oxygenated solvents.

Developing nations in the Asia-Pacific region, such as India, Indonesia, Japan, and China are estimated to witness significant growth opportunities in the construction industry, growing technological advancements, the proliferation of leading market players, rising economic prosperity, and stringent government policies. Owing to the increasing investments in the construction, automotive, and pharmaceutical industries, the demand for oxygenated solvents is anticipated to upsurge in these sectors.
Preferences for oxygenated solvents in diverse industries will propel the overall market growth throughout the forecast period

Rapidly increasing construction and reconstruction actions across the world is resulting in increasing demand for paint and coating products, together with increasing implementation of oxygenated solvents in other important end-use industries such as pharmaceuticals, agriculture, cosmetics, among others.

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However, stringent government protocols related to VOC emission are a major constraint that is likely to hamper the growth of the global oxygenated solvents market.

This report also provides the existing competitive scenario of some of the key players of the oxygenated solvents market which includes company profiling of BASF SE (ETR: BAS), Arkema Group (EPA: AKE), Banner Chemicals Limited, Dow, Exxon Mobil Corporation (NYSE: XOM), Royal Dutch Shell plc (AMS: RDSA), LyondellBasell Industries Holdings B.V., Eastman Chemical Company (NYSE: EMN), Petroliam Nasional Berhad (PETRONAS). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the oxygenated solvents market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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