Aprotic Solvents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Aprotic Solvents Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : June, 2020 | Chemical & Materials | PPT format

Report Digest

Global Aprotic Solvents Market: Snapshot

A number of aprotic solvents such as acetone, toluene, and benzene continue to witness strong demand in industries such as pharmaceuticals, oil and gas, specialty chemicals, and paints and coatings. This continuous demand is one of the key factors driving the global market for aprotic solvents. These solvents are used for purposes such as manufacturing chemical, catalyst in a number of reactions, and as a raw material for a number of processes.

Despite healthy growth prospects, the global aprotic solvent market is suffering negatively owing to the concern of shortage in supply. Potential risk of health hazards off commonly used aprotic solvent to human as well as environmental health continue to pose as one of the key impediments limiting the overall development of the global aprotic solvents market. Strict environmental norms continue to contribute to several restrictions concerning the use and disposal of these chemicals, compelling the industrial sector to look out for greener and safer alternatives. Owing to the hazardous as well as flammable nature of aprotic solvents, their transportation is also a big challenge for companies operating in the sector.

Companies are increasingly focusing on ways of expanding their geographical reach to target high-growth potential emerging economies with a thriving industrial sector. Mergers and acquisitions and strategic collaborations are on a rise and greener options to blockbuster product varieties are being sought. Growth opportunities in the pharmaceutical and oil and gas industries could provide grounds for sustainable growth for companies operating in the global aprotic solvents market. 

Global Aprotic Solvents Market: Overview 

Aprotic solvents are those that cannot donate hydrogen in a reaction. The global market for aprotic solvents is poised to rise at a significant growth rate in the foreseeable future owing to the burgeoning demand from the end-user industries. Some of the commonly used solvents are acetone, benzene, chloroform, hexane, and toluene. They are primarily used across end-user industries such as electronics, oil and gas, pharmaceuticals, and paints and coatings. The increasing adoption of environment-friendly aprotic solvents is likely to augur well for the growth of the market in the coming years. 

This professional study on the global aprotic solvents market is compiled using information from various paid and unpaid sources, including journals, presentations, directories, white papers, and press releases. It serves as an essential source of analysis and data regarding various critical aspects of the market including its dynamics and regional trends. It includes tools such as market attractiveness analysis and Porter’s five force analysis that are useful in calculating the vendor landscape of the market. It methodically examines the latest developments and business strategies of the key companies operating in the market. It also assesses the performance of key player across different geographies. Thus, it provides a 360-degree view of the global aprotic solvents market. 

Global Aprotic Solvents Market: Trends and Opportunities 

The growth of the global aprotic solvent market is largely influenced by the oil and gas industry. Hence, its rising consumption all over the world is providing a fillip to the market. The demand for aprotic solvents is expected to remain high in the pharmaceutical industry throughout the forecast period. This can be attributed to the growing innovations in the industry, which is paving way for new drugs. 

Over the past few years, there has been a sharp rise in the demand for toluene. It is used as a raw material to produce other chemicals such as trinitrotoluene (TNT), xylene, and benzene. Therefore, its demand is projected to remain strong throughout the same span. Other than toluene, N-Methyl-2-pyrrolidone (NMP), due to its property to dissolve a wide range of metals, is anticipated to register large-scale adoption, especially across the plastic and oil and gas industries. 

Global Aprotic Solvents Market: Region-wise Outlook 

The key segments covered in the report on the basis of geography are Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is estimated to command for a large share in the market throughout the forecast period. The flourishing growth of the paints and coatings and pharmaceutical industries is boosting the demand for aprotic solvents in the region. Moreover, the rising demand from the electronics industry is escalating the growth of the region. The domicile of a large number of key paints & coatings companies is also providing a competitive edge to this region over other regions. 

North America will also be a prominent market for aprotic solvents, with the U.S. being a major contributor. The recovering economic conditions after the economic downturn is providing a significant boost to the growth of the region. The Rest of the World region is anticipated to register a steady growth during the same span. Emerging countries in Latin America and the Middle East are likely to be at the forefront of the growth in this region. 

Global Aprotic Solvents Market: Competitive Landscape 

The majority of players in the global aprotic solvents are focusing towards business development through mergers and acquisitions. Some of the prominent companies operating in the market are BASF SE, Eastman Chemical Company, Du Pont, INEOS, Shell Chemicals, Mitsubishi Chemicals, Imperial Chemical Corporation, CNPC Jilin Chemical Group, and Nanjing Jinlong.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.