The global solvents market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.0% in the forecast period of 2023 to 2030 and is expected to reach USD 42,627.99 million by 2030.

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The Solvents Market Cell report meticulously considers various factors such as market type, organizational size, on-premises availability, end-users' organizational type, and geographical presence in North America, South America, Europe, Asia-Pacific, and the Middle East & Africa for thorough data analysis. As a result, this market research report encompasses a multitude of parameters. The analysis and estimations presented in the Bacteriophages Therapy report provide insights into product launches, upcoming products, joint ventures, marketing strategies, developments, mergers and acquisitions, and their impact on sales, marketing, promotions, revenue, import, export, and CAGR values.

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key Growth Drivers: Drivers

Growing demand for solvents in the paints and coatings industry

Solvents play an important role as carriers for surface coatings such as paints, varnishes, and adhesives. The chemicals used in paints and coatings rely on solvents as they can dissolve and disperse components that are employed in the coatings formulations. It further ensures the quality of the final product obtained and optimal performance. Solvents act as essential components in paints and coatings formulations in the construction industry as it can dissolve pigments, additives, and binders to form high-performance coatings. Various types of solvents are used depending on the requirements of the coatings such as drying time, film quality, and compatibility with other components.

Solvent selection such as hydrocarbon solvents, ketones, esters, alcohols, and glycol ethers depends on factors such as solvating ability, polarity, and compatibility with other components in the formulation. Benzene, toluene, and xylenes are aromatic hydrocarbon solvents that are used in enamel-based paints, whereas lacquer-based paints need stronger solvents for faster drying. 

Report Scope:

  1. Analysis of market trends influencing the   beverage stabilizers market's growth.
  2. Examination of trends within key regional and country-level markets based on type, function, and application.
  3. Providing a comprehensive overview of the Dye-Sensitized Solar Cell market.
  4. Evaluation of historical, current, and projected market sizes in terms of volume and value.
  5. Offering a neutral perspective on market performance.
  6. Essential information for market players seeking to maintain and expand their market presence.

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Key players:

INVISTA ( A Subsidiary of Koch Industries, Inc.)(USA), Ashland (USA), Bharat Petroleum Corporation Limited (India), Huntsman International LLC (USA), Solvay (Belgium), ADM (USA), Shell Global (Netherlands), BP p.l.c. (UK), Eastman Chemical Company (USA), INEOS GROUP HOLDINGS S.A.(UK), BASF SE (Germany), Celanese Corporation (USA),

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