Global Organic Solvents Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Organic Solvents are carbon-based molecular structures, which are used to dissolve material to extract one material from the other and to create solution. Also, the organic solvents are used in many industries, notably those producing paint, coatings, adhesives, inks, pharmaceuticals, and cosmetics.
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The Organic solvents are mainly used to dissolve the other substances or solutes without chemically changing them. Furthermore, these organic solvents are letting the solute in inks, other coatings, paints to be spread over a surface. The solvent eventually evaporates, leaving behind only the solutes.
Organic Solvents Market is categorized based on product type, applications, and geography. This market is categorized based on product types such as Styrene, Vinyl Chloride, Trichlorethylene, Triethanolamine, Ethylene Glycol Ether. Organic Solvents Market is categorized based on application into Industrial, Electronics, Cosmetics, Pharmaceutical.
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Organic Solvents Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
Asia-Pacific has been at the forefront with regards to Organic Solvents Market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Organic Solvents Industry include LyondellBasell, ExxonMobil, Sinopec, Shell Chemicals, Huntsman, Solvay, Eastman Chemical Company, Honeywell, Ineos, BioAmber. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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