Industrial Solvents Market

The Global Industrial Solvents Market is projected to grow from 51.8 USD Billion in 2024 to 105.4 USD Billion by 2035, reflecting a robust growth trajectory.

BASF SE (Germany), BP Plc (UK), Exxon Mobil Corporation (US), LyondellBasell Industries (The Netherlands), Royal Dutch Shell Plc (The Netherlands), Petroleo Brasileiro S.A (Brazil), DowDuPont (US), Total S.A. (France), SABIC (Saudi Arabia), Diacel Chemical Industries Ltd (Japan), Harmony Organics Pvt Ltd (India), Eternis Fine Chemicals (India), IGPL (India), Vinati Organics (India), Sinopec (China), SK Innovation (South Korea), LG Chemicals (Japan)

Berkem group launched its new range of bio-based alkyd resins, which are all 100% based on renewable raw materials for architectural paints in March 2022 Groupe Berkem has developed a new range of alkyd resins that are made using only renewable raw materials – such as bio-based oils which would otherwise have been considered waste products from organic chemistry processes carried out using a solvent derived completely from biomass that results to at least one environment-friendly solution provided for architectural paints through oxidation process happening through air drying these films providing drying agents available within it thereby promoting even curing globally.

Berger Paints invested $39 million in developing their facility in India last year also painted; thus, increasing paint & coatings sectoral presence within themselves will fuel market demand during the projected period.

Braskem and NXT LEVEL Biochem, a Dutch company, conducted market research on renewable solvents in March 2021. Paints and coatings, agrochemicals, personal care products, and home care products are among the industrial segments whereby these bio-based products are targeted under this cooperation. In Latin America, several joint projects intend to offer greener solvent alternatives manufactured from sustainable raw materials.

BASF launched its new solutions for home care, industrial and institutional cleaning, and personal care at the SEPAWA Congress in Berlin in October 2023. BASF adds more sustainable alternatives to detergents, cleaners and personal care products with enzyme technology, biodegradable polymer, and a O/W emulsifiers.

Solvay announces the manufacture of Rhodiasolv IRIS, a solvent that is eco-friendly and forms part of the next generation. The company made this announcement from its site in Melle (France) in April 2022. The solvent does not burn easily besides being readily degradable or nonvolatile, being used in many applications, including formulating phytosanitary products, paint stripping remover & graffiti & resin clean-up industrial cleaning agrochemistry.

Intended Audience

• Industrial solvents producers
• Traders and distributors of industrial solvents
• Industrial solvents associations
• Industrial solvents potential investors
• Raw material suppliers
• Industrial solvents recycling