Global Aprotic Solvents Market by Product (Acetone, Toluene, Benzene, NMP), by Application (Electronics, Pharmaceuticals, Paints & Coatings, Oil &Gas) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2015, the global market for aprotic solutions was worth USD 15.23 billion. The market is expected to grow at an impressive CAGR during the forecast period due to increasing demand from different end-use industries like oil & gas and pharmaceuticals. Market growth will be further driven by the increasing use of bio-based product.

U.S. Aprotic Solvents Market, Application, 2014 - 2025 (USD million)

The market's growth will be driven by a growing demand for aprotic solutions in the oil and gas industry. The strength of an economy is determined by how much oil & gas it consumes.

Over the forecast period, the pharmaceutical industry will be the fastest-growing sector. Due to strict regulations regarding environment protection, this industry is seeing a growing demand for environmentally-friendly products.

Due to its large pharmaceutical industry, the U.S. is one the largest markets for the aprotic solution. Global players like Novartis and GlaxoSmithKline, Johnson & Johnson and GlaxoSmithKline dominate the pharmaceutical industry.

Product Insights

Some of the majorly used aprotic solvents include chemicals such as N-Methyl-2-pyrrolidone (NMP), toluene, benzene, acetone, hexane, chloroform, and so on. Toluene accounted for over 15% of the industry's revenue share in 2015.

You can also use toluene as a raw material for other chemicals like xylene (benzene), trinitrotoluene and trinitrotoluene. The market for toluene is expected to grow due to increased demand from the pharmaceutical and paint & coating industries. It is an inflammable, colorless liquid that looks like paint thinner.

N-Methyl-2-pyrrolidone (NMP) is one of the widely used aprotic solvents in the industry. This product is a popular choice in the oil and gas industry, as you can see. Its ability to dissolve many metals makes it an ideal solvent for the plastic industry. This product is expected to see the greatest CAGR during the forecast period.

Application Insights

Aprotic solvents were used in a variety of applications, including oil & gas, pharmaceuticals and paint & coatings. Electronics was one of the most popular. In 2015, the oil & Gas industry was the biggest consumer of these solvents. The pharmaceutical industry followed closely. The U.S., Russia and Middle Eastern countries dominated the oil & gas sector. These countries are the main exporters of these products.

Market for Aprotic Solvents in the Global, By Application, 2015.

From 2016 to 2025, the pharmaceutical industry's demand for these solvents is expected to rise at a high CAGR of more than 4%. This is due in part to the increasing innovation in the pharmaceutical sector, which has led to the development of new drugs. This market has seen a rise in demand for environmentally-friendly and green aprotic solutions.

Regional Insights

Asia Pacific is expected to be the fastest growing region, with a CAGR 4.2% between 2016 and 2015. This region's industry is experiencing rapid development thanks to countries like South Korea, India, China and China. This region's market growth can be attributed to the growing use industries like paints & coatings and electronics.

Some of the world's most prominent paint & coatings companies are located in Asia Pacific, such as Nippon Paints and Asian Paints. This region also houses major electronic companies like Hitachi, Sony, Nikon, Nikon, and Samsung. The market for aprotic solutions is expected to grow significantly because of the growing demand from these sectors.

North America held the second-largest market share in 2015. This region's industry is dominated in part by the U.S., which held a share over 70% that year. Since the 2007-2009 economic slowdown, this region has seen a revival in many industries, including oil & Gas, construction, electronics, and automobile. This has given the industry the needed boost.

Market Share Insights & Key Companies

This industry is fragmented by many manufacturers scattered around the globe. Key players include Eastman Chemical Company and BASF SE, Ashland Chemical, Mitsubishi Chemical, Asahi Kasei.

From 2011 to 2016, the most important development strategies used by the players were partnerships, agreements, joint ventures and collaborations. In June 2014, Linde, BASF and other players entered into an agreement to jointly develop butadiene technology. This agreement was made in response to the global demand for butadiene.

Market Report Scope for Aprotic Solvents

The report covers all market segments

Up Market Research has divided the global market for aprotic solutions on the basis product, region, and application:

• Global Product Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • N-Methyl-2-pyrrolidone (NMP)

  • Toluene

  • Benzene

  • Acetone

  • Other (Chloroform and Pentane as well as Diethyl Ether, Pentane and Hexane).

• Global Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2014 - 2025)

  • Oil & Gas

  • Pharmaceuticals

  • Paints & Coatings

  • Electronics

  • Other (Agrochemicals Printing Inks, Personal Care and Agrochemicals)

• Regional Outlook (Volume of Kilo Tons; Revenue USD Million; 2014-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

    • The U.K.

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East& Africa (MEA)

These are the most frequently asked questions about this report

b. Global aprotic solutions market was valued at USD 17.32 Billion in 2019, and is forecast to grow to USD 17.94 Billion by 2020.

b. Global aprotic solutions market is expected to expand at a compound annual rate of 3.7% between 2016 and 2025, to reach USD 21.79 trillion by 2025.

b. Asia Pacific was the dominant market for aprotic solutions in 2019, with a 43.8% share. This can be attributed to the growing use industries like paints & coatings and electronics as well as pharmaceuticals.

b. Some of the key players in the aprotic solutions market are Eastman Chemical Company and BASF SE, Ashland Chemical, Mitsubishi Chemical, Asahi Kasei.

b. The market growth is being driven by the growing use of biobased products and the growing demand for aprotic solutions in the oil & Gas industry.

Up Market Research published a new report titled “Aprotic Solvents Market research report which is segmented by Product (Acetone, Toluene, Benzene, NMP), by Application (Electronics, Pharmaceuticals, Paints & Coatings, Oil &Gas), By Players/Companies Mitsubishi Chemical, Eastman Chemical Company, BASF SE, Asahi Kasei, Ashland”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Aprotic Solvents Market Report Segments:

The market is segmented by Product (Acetone, Toluene, Benzene, NMP), by Application (Electronics, Pharmaceuticals, Paints & Coatings, Oil &Gas).

Aprotic Solvents Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Aprotic Solvents Market

Overview of the regional outlook of the Aprotic Solvents Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Aprotic Solvents Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Aprotic Solvents Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Acetone

                2. Toluene

                3. Benzene

                4. NMP

                1. Electronics

                2. Pharmaceuticals

                3. Paints & Coatings

                4. Oil &Gas

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aprotic Solvents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Aprotic Solvents Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.