DUBLIN--(BUSINESS WIRE)--The "Oxygenated Solvents Market - Global Forecast to 2022" report has been added to Research and Markets' offering.
The oxygenated solvents market is estimated to grow from USD 22.28 Billion in 2017 to USD 32.27 Billion by 2022, at a CAGR of 7.8%.
The increased demand for oxygenated solvents for the paints & coatings, pharmaceuticals, personal care, lubricants, and crop protection applications is expected to drive the growth of the oxygenated solvents market across the globe. Improved properties offered by oxygenated solvents, which include low-toxicity and high solvency power contribute to the increased demand for these oxygenated solvents. However, regulations over the VOC emissions restrain the growth of the oxygenated solvents market during the forecast period.
The crop protection application segment is projected to grow at the highest CAGR during the forecast period, in terms of value. The use of oxygenated solvents in the crop protection products such as herbicide and insecticides helps in distribution of these products when sprayed on agricultural lands. The growth of this segment can be attributed to the increased usage of crop protection products due to increasing cultivable land globally.
The conventional oxygenated solvents segment is estimated to dominate the oxygenated solvents market between 2017 and 2022. The growth of this segment can be attributed to the relatively low cost of solvents in comparison to bio & green based solvents and lack of regulation in emerging economies such as India and Indonesia.
- Arkema Sa
- Celanese Corporation
- China Petroleum & Chemical Corporation (Sinopec)
- Eastman Chemical Company
- Formosa Plastics Group
- Huntsman Corporation
- Jilin Xingyun Chemical Co., Ltd.
- Lg Chem Ltd.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Oxygenated Solvents Market, By Source
7 Oxygenated Solvents Market, By Type
8 Oxygenated Solvents Market, By Application
9 Oxygenated Solvents Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/bj5ddx/oxygenated