Research Nester released a report titled “Solvents Market: Global Demand Analysis & Opportunity Outlook 2027″ which delivers a detailed overview of the solvents market in terms of market segmentation by applications, by end-use industry, and by region.
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.
Based on applications, the solvents market is segmented by fertilizers, fire extinguishing powders, emulsifiers, food additives, and others.
On the basis of end-use industry, the market is further bifurcated into agriculture, food industry, chemical industries, and others, out of which, the agriculture segment is anticipated to witness significant growth on account of growing demand for fertilizers in the agriculture sector. The solvents market is anticipated to grow at a robust CAGR of 4.9% during the forecast period i.e. 2019-2027.
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Geographically, the solvents market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region, out of which, the market in North America is anticipated to hold leading shares in the overall market, followed by Europe and Asia-Pacific. Rising population and growing demand for food in developing countries such as India and China are some of the major factors behind the growth of the market in the Asia Pacific region, whereas, an increasing number of initiatives and government policies in order to improve the agricultural activities is estimated to drive the demand for solvents in the Middle East and Africa region.
There is an increasing demand for solvents in the agriculture industry. Manufacturers are giving more preference to artificial agents as compared to organic in the food and agriculture industry in order to attain cost-efficiency. Additionally, the growing demand for fertilizers in developing countries is anticipated to support the growth of the market over the forecast period.
solvents have a wide range of applications in the food and agriculture industry such as food coloring and flavoring among other applications in metal and chemical industries.
However, fluctuating prices of fertilizers, ought to be utilized within 2 years of manufacturing, and the production of bio-based and eco-friendly fertilizers are expected to operate as key restraints to the growth of the solvents market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the solvents market which includes company profiling of This report also provides the existing competitive scenario of some of the key players of the global solvents market which includes company profiling: Dow Chemical Company, Sasol Solvents, BASF SE, Celanese Corporation, Maruzen Petrochemical, Ashland Inc., Eastman Chemical Company, Shell Chemical, Solvay Chemicals
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 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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