Solvents Market Overview
Report Coverage
Key Takeaways
- New product developments and increasing investments in research and development of solvents are expected to drive the growth of this market.
- Among application, paints & coatings segment is projected to lead the solvents market during the forecast period.
- Asia Pacific dominated the solvents market.
Solvents Market Segment Analysis - By Source
Derived Sources segment held the largest share of 84% in solvents market in 2019. Solvents are mostly derived from petroleum and synthetic chemicals. For extending the solvent applications into newer areas these derived sources are formulated accordingly.
Hydrocarbon fractions obtained from petroleum for use in industrial processes and commercial formulation to dissolve, suspend, or transport the other ingredients of the process or formulation.
In recent years, the variety of petroleum solvents has increased considerably due to the development of refinery processes designed primarily for the transformation of low-octane feedstocks to high-octane fuels, as well as due to environmental regulations and concerns.
Solvents Market Segment Analysis - By Type
Solvents Market Segment Analysis - By Application
Paints & Coatings segment held the largest share in solvents market in 2019 growing at a CAGR of 3.1% during the forecast period. This is due to the demand for construction chemicals which is expected to lead their increasing usage in the paints & coatings application. In addition, rapid growth in population, accompanied by the growing Automotive industry in the region, is expected to boost the growth of petrochemical-based solvents segment in the paints & coatings application. Also, growth of the automotive, OEM, machinery, and appliances markets globally are expected to drive demand for this application segment during the forecast period globally. Bio-based solvents are used in paints and coatings to dissolve binders and colors and provide consistency.
However, the spread of the novel coronavirus has started impacting ongoing construction projects in APAC, especially in India, with workers increasingly not reporting at the sites. More than 30% construction workers are staying away from work sites due to fear over coronavirus infection and many of them may have returned to their villages or are planning to do so.
Solvents Market Segment Analysis - Geography
Solvents Market Drivers
Increasing demand from end use industries
Solvents Market Challenges
Health effects
Market Landscape
Product Launch/ Acquisition
- In May 2018, Royal Dutch Shell Plc (The Netherlands) started the production of the second ethylene cracker at Nanhai petrochemicals complex in Huizhou, Guangdong Province, China. The expansion helped the company manufacture ethylene oxide, ethylene glycol, propylene oxide, polyols, polyolefins, phenol and oxo-alcohols through OMEGA, SMPO, and polyols technologies. This is the first time that Shell has used OMEGA and advanced polyols technologies in China.
- In May 2018, BASF SE (Germany) and ExxonMobil (US) signed an agreement to jointly develop new gas treating solvents and process technologies to be used for natural gas processing and petroleum refining.
- In August 2017, ExxonMobil Corporation's Singapore affiliate completed the acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore, owned by Jurong Aromatics Corporation (Singapore). The acquisition helped the company increase hydrocarbon production to over 3.5 million tons per year, including 1.8 million tons of paraxylene, which is used as a solvent.
Table 1: Textile Composites Market Overview 2021-2026
Table 2: Textile Composites Market Leader Analysis 2018-2019 (US$)
Table 3: Textile Composites MarketProduct Analysis 2018-2019 (US$)
Table 4: Textile Composites MarketEnd User Analysis 2018-2019 (US$)
Table 5: Textile Composites MarketPatent Analysis 2013-2018* (US$)
Table 6: Textile Composites MarketFinancial Analysis 2018-2019 (US$)
Table 7: Textile Composites Market Driver Analysis 2018-2019 (US$)
Table 8: Textile Composites MarketChallenges Analysis 2018-2019 (US$)
Table 9: Textile Composites MarketConstraint Analysis 2018-2019 (US$)
Table 10: Textile Composites Market Supplier Bargaining Power Analysis 2018-2019 (US$)
Table 11: Textile Composites Market Buyer Bargaining Power Analysis 2018-2019 (US$)
Table 12: Textile Composites Market Threat of Substitutes Analysis 2018-2019 (US$)
Table 13: Textile Composites Market Threat of New Entrants Analysis 2018-2019 (US$)
Table 14: Textile Composites Market Degree of Competition Analysis 2018-2019 (US$)
Table 15: Textile Composites MarketValue Chain Analysis 2018-2019 (US$)
Table 16: Textile Composites MarketPricing Analysis 2021-2026 (US$)
Table 17: Textile Composites MarketOpportunities Analysis 2021-2026 (US$)
Table 18: Textile Composites MarketProduct Life Cycle Analysis 2021-2026 (US$)
Table 19: Textile Composites MarketSupplier Analysis 2018-2019 (US$)
Table 20: Textile Composites MarketDistributor Analysis 2018-2019 (US$)
Table 21: Textile Composites Market Trend Analysis 2018-2019 (US$)
Table 22: Textile Composites Market Size 2018 (US$)
Table 23: Textile Composites Market Forecast Analysis 2021-2026 (US$)
Table 24: Textile Composites Market Sales Forecast Analysis 2021-2026 (Units)
Table 25: Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 26: Textile Composites MarketBy Type, Revenue & Volume,By Organic Solvents, 2021-2026 ($)
Table 27: Textile Composites MarketBy Type, Revenue & Volume,By Hydrocarbon solvents, 2021-2026 ($)
Table 28: Textile Composites MarketBy Type, Revenue & Volume,By Oxygenated solvents, 2021-2026 ($)
Table 29: Textile Composites MarketBy Type, Revenue & Volume,By Halogenated solvents, 2021-2026 ($)
Table 30: Textile Composites MarketBy Type, Revenue & Volume,By Inorganic Solvents, 2021-2026 ($)
Table 31: Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 32: Textile Composites MarketBy Source, Revenue & Volume,By Natural Sources, 2021-2026 ($)
Table 33: Textile Composites MarketBy Source, Revenue & Volume,By Derived Sources, 2021-2026 ($)
Table 34: Textile Composites MarketBy Source, Revenue & Volume,By Petroleum Sources, 2021-2026 ($)
Table 35: Textile Composites MarketBy Source, Revenue & Volume,By Synthetic Sources, 2021-2026 ($)
Table 36: Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 37: Textile Composites MarketBy End User Industry, Revenue & Volume,By Pharmaceuticals, 2021-2026 ($)
Table 38: Textile Composites MarketBy End User Industry, Revenue & Volume,By Food and Beverage, 2021-2026 ($)
Table 39: Textile Composites MarketBy End User Industry, Revenue & Volume,By Agricultural, 2021-2026 ($)
Table 40: Textile Composites MarketBy End User Industry, Revenue & Volume,By Automotive, 2021-2026 ($)
Table 41: Textile Composites MarketBy End User Industry, Revenue & Volume,By Industrial Cleaning, 2021-2026 ($)
Table 42: North America Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 43: North America Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 44: North America Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 45: South america Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 46: South america Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 47: South america Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 48: Europe Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 49: Europe Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 50: Europe Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 51: APAC Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 52: APAC Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 53: APAC Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 54: Middle East & Africa Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 55: Middle East & Africa Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 56: Middle East & Africa Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 57: Russia Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 58: Russia Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 59: Russia Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 60: Israel Textile Composites Market, Revenue & Volume,By Type, 2021-2026 ($)
Table 61: Israel Textile Composites Market, Revenue & Volume,By Source, 2021-2026 ($)
Table 62: Israel Textile Composites Market, Revenue & Volume,By End User Industry, 2021-2026 ($)
Table 63: Top Companies 2018 (US$)Textile Composites Market, Revenue & Volume,,
Table 64: Product Launch 2018-2019Textile Composites Market, Revenue & Volume,,
Table 65: Mergers & Acquistions 2018-2019Textile Composites Market, Revenue & Volume,,
List of Figures
Figure 1: Overview of Textile Composites Market 2021-2026
Figure 2: Market Share Analysis for Textile Composites Market 2018 (US$)
Figure 3: Product Comparison in Textile Composites Market 2018-2019 (US$)
Figure 4: End User Profile for Textile Composites Market 2018-2019 (US$)
Figure 5: Patent Application and Grant in Textile Composites Market 2013-2018* (US$)
Figure 6: Top 5 Companies Financial Analysis in Textile Composites Market 2018-2019 (US$)
Figure 7: Market Entry Strategy in Textile Composites Market 2018-2019
Figure 8: Ecosystem Analysis in Textile Composites Market2018
Figure 9: Average Selling Price in Textile Composites Market 2021-2026
Figure 10: Top Opportunites in Textile Composites Market 2018-2019
Figure 11: Market Life Cycle Analysis in Textile Composites Market
Figure 12: GlobalBy TypeTextile Composites Market Revenue, 2021-2026 ($)
Figure 13: GlobalBy SourceTextile Composites Market Revenue, 2021-2026 ($)
Figure 14: GlobalBy End User IndustryTextile Composites Market Revenue, 2021-2026 ($)
Figure 15: Global Textile Composites Market - By Geography
Figure 16: Global Textile Composites Market Value & Volume, By Geography, 2021-2026 ($)
Figure 17: Global Textile Composites Market CAGR, By Geography, 2021-2026 (%)
Figure 18: North America Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 19: US Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 20: US GDP and Population, 2018-2019 ($)
Figure 21: US GDP – Composition of 2018, By Sector of Origin
Figure 22: US Export and Import Value & Volume, 2018-2019 ($)
Figure 23: Canada Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 24: Canada GDP and Population, 2018-2019 ($)
Figure 25: Canada GDP – Composition of 2018, By Sector of Origin
Figure 26: Canada Export and Import Value & Volume, 2018-2019 ($)
Figure 27: Mexico Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 28: Mexico GDP and Population, 2018-2019 ($)
Figure 29: Mexico GDP – Composition of 2018, By Sector of Origin
Figure 30: Mexico Export and Import Value & Volume, 2018-2019 ($)
Figure 31: South America Textile Composites MarketSouth America 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 32: Brazil Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 33: Brazil GDP and Population, 2018-2019 ($)
Figure 34: Brazil GDP – Composition of 2018, By Sector of Origin
Figure 35: Brazil Export and Import Value & Volume, 2018-2019 ($)
Figure 36: Venezuela Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 37: Venezuela GDP and Population, 2018-2019 ($)
Figure 38: Venezuela GDP – Composition of 2018, By Sector of Origin
Figure 39: Venezuela Export and Import Value & Volume, 2018-2019 ($)
Figure 40: Argentina Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 41: Argentina GDP and Population, 2018-2019 ($)
Figure 42: Argentina GDP – Composition of 2018, By Sector of Origin
Figure 43: Argentina Export and Import Value & Volume, 2018-2019 ($)
Figure 44: Ecuador Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 45: Ecuador GDP and Population, 2018-2019 ($)
Figure 46: Ecuador GDP – Composition of 2018, By Sector of Origin
Figure 47: Ecuador Export and Import Value & Volume, 2018-2019 ($)
Figure 48: Peru Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 49: Peru GDP and Population, 2018-2019 ($)
Figure 50: Peru GDP – Composition of 2018, By Sector of Origin
Figure 51: Peru Export and Import Value & Volume, 2018-2019 ($)
Figure 52: Colombia Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 53: Colombia GDP and Population, 2018-2019 ($)
Figure 54: Colombia GDP – Composition of 2018, By Sector of Origin
Figure 55: Colombia Export and Import Value & Volume, 2018-2019 ($)
Figure 56: Costa Rica Textile Composites MarketCosta Rica 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 57: Costa Rica GDP and Population, 2018-2019 ($)
Figure 58: Costa Rica GDP – Composition of 2018, By Sector of Origin
Figure 59: Costa Rica Export and Import Value & Volume, 2018-2019 ($)
Figure 60: Europe Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 61: U.K Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 62: U.K GDP and Population, 2018-2019 ($)
Figure 63: U.K GDP – Composition of 2018, By Sector of Origin
Figure 64: U.K Export and Import Value & Volume, 2018-2019 ($)
Figure 65: Germany Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 66: Germany GDP and Population, 2018-2019 ($)
Figure 67: Germany GDP – Composition of 2018, By Sector of Origin
Figure 68: Germany Export and Import Value & Volume, 2018-2019 ($)
Figure 69: Italy Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 70: Italy GDP and Population, 2018-2019 ($)
Figure 71: Italy GDP – Composition of 2018, By Sector of Origin
Figure 72: Italy Export and Import Value & Volume, 2018-2019 ($)
Figure 73: France Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 74: France GDP and Population, 2018-2019 ($)
Figure 75: France GDP – Composition of 2018, By Sector of Origin
Figure 76: France Export and Import Value & Volume, 2018-2019 ($)
Figure 77: Netherlands Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 78: Netherlands GDP and Population, 2018-2019 ($)
Figure 79: Netherlands GDP – Composition of 2018, By Sector of Origin
Figure 80: Netherlands Export and Import Value & Volume, 2018-2019 ($)
Figure 81: Belgium Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 82: Belgium GDP and Population, 2018-2019 ($)
Figure 83: Belgium GDP – Composition of 2018, By Sector of Origin
Figure 84: Belgium Export and Import Value & Volume, 2018-2019 ($)
Figure 85: Spain Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 86: Spain GDP and Population, 2018-2019 ($)
Figure 87: Spain GDP – Composition of 2018, By Sector of Origin
Figure 88: Spain Export and Import Value & Volume, 2018-2019 ($)
Figure 89: Denmark Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 90: Denmark GDP and Population, 2018-2019 ($)
Figure 91: Denmark GDP – Composition of 2018, By Sector of Origin
Figure 92: Denmark Export and Import Value & Volume, 2018-2019 ($)
Figure 93: APAC Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 94: China Textile Composites MarketValue & Volume, 2021-2026
Figure 95: China GDP and Population, 2018-2019 ($)
Figure 96: China GDP – Composition of 2018, By Sector of Origin
Figure 97: China Export and Import Value & Volume, 2018-2019 ($)Textile Composites MarketChina Export and Import Value & Volume, 2018-2019 ($)
Figure 98: Australia Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 99: Australia GDP and Population, 2018-2019 ($)
Figure 100: Australia GDP – Composition of 2018, By Sector of Origin
Figure 101: Australia Export and Import Value & Volume, 2018-2019 ($)
Figure 102: South Korea Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 103: South Korea GDP and Population, 2018-2019 ($)
Figure 104: South Korea GDP – Composition of 2018, By Sector of Origin
Figure 105: South Korea Export and Import Value & Volume, 2018-2019 ($)
Figure 106: India Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 107: India GDP and Population, 2018-2019 ($)
Figure 108: India GDP – Composition of 2018, By Sector of Origin
Figure 109: India Export and Import Value & Volume, 2018-2019 ($)
Figure 110: Taiwan Textile Composites MarketTaiwan 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 111: Taiwan GDP and Population, 2018-2019 ($)
Figure 112: Taiwan GDP – Composition of 2018, By Sector of Origin
Figure 113: Taiwan Export and Import Value & Volume, 2018-2019 ($)
Figure 114: Malaysia Textile Composites MarketMalaysia 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 115: Malaysia GDP and Population, 2018-2019 ($)
Figure 116: Malaysia GDP – Composition of 2018, By Sector of Origin
Figure 117: Malaysia Export and Import Value & Volume, 2018-2019 ($)
Figure 118: Hong Kong Textile Composites MarketHong Kong 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 119: Hong Kong GDP and Population, 2018-2019 ($)
Figure 120: Hong Kong GDP – Composition of 2018, By Sector of Origin
Figure 121: Hong Kong Export and Import Value & Volume, 2018-2019 ($)
Figure 122: Middle East & Africa Textile Composites MarketMiddle East & Africa 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 123: Russia Textile Composites MarketRussia 3D Printing Market Value & Volume, 2021-2026 ($)
Figure 124: Russia GDP and Population, 2018-2019 ($)
Figure 125: Russia GDP – Composition of 2018, By Sector of Origin
Figure 126: Russia Export and Import Value & Volume, 2018-2019 ($)
Figure 127: Israel Textile Composites Market Value & Volume, 2021-2026 ($)
Figure 128: Israel GDP and Population, 2018-2019 ($)
Figure 129: Israel GDP – Composition of 2018, By Sector of Origin
Figure 130: Israel Export and Import Value & Volume, 2018-2019 ($)
Figure 131: Entropy Share, By Strategies, 2018-2019* (%)Textile Composites Market
Figure 132: Developments, 2018-2019*Textile Composites Market
Figure 133: Company 1 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 134: Company 1 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 135: Company 1 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 136: Company 2 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 137: Company 2 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 138: Company 2 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 139: Company 3Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 140: Company 3Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 141: Company 3Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 142: Company 4 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 143: Company 4 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 144: Company 4 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 145: Company 5 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 146: Company 5 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 147: Company 5 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 148: Company 6 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 149: Company 6 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 150: Company 6 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 151: Company 7 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 152: Company 7 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 153: Company 7 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 154: Company 8 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 155: Company 8 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 156: Company 8 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 157: Company 9 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 158: Company 9 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 159: Company 9 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 160: Company 10 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 161: Company 10 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 162: Company 10 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 163: Company 11 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 164: Company 11 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 165: Company 11 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 166: Company 12 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 167: Company 12 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 168: Company 12 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 169: Company 13Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 170: Company 13Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 171: Company 13Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 172: Company 14 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 173: Company 14 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 174: Company 14 Textile Composites Market Net Sales Share, By Geography, 2018 (%)
Figure 175: Company 15 Textile Composites Market Net Revenue, By Years, 2018-2019* ($)
Figure 176: Company 15 Textile Composites Market Net Revenue Share, By Business segments, 2018 (%)
Figure 177: Company 15 Textile Composites Market Net Sales Share, By Geography, 2018 (%)