The high purity solvents market encompasses various types, including spectrophotometric, UHPLC, HPLC, and GC solvents. Grades range from ACS and USP to specialty grades such as biosolv and omnisolv, catering to diverse analytical and laboratory needs. These solvents find applications in various industries, ensuring high precision and purity in analytical techniques. The market's extensive range of types and grades reflects its versatility, meeting stringent quality standards across industries such as pharmaceuticals, research, and environmental analysis.
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Data Bridge Market Research analyses that the India High Purity Solvents Market which was USD 630.16 million in 2022, is expected to reach USD 999.99 million by 2030 and is expected to undergo a CAGR of 8% during the forecast period of 2023-2030. The high purity solvents market is propelled by the escalating demand in analytical techniques, particularly in chromatography, spectroscopy, and other analytical processes. This increased utilization underscores the crucial role of high purity solvents in achieving accurate and reliable results in scientific and industrial applications, driving market growth.
Stringent regulatory standards are expected to drive the market's growth rate
Stringent Regulatory Standards act as a pivotal driver for the high purity solvents market. Industries, especially pharmaceuticals and healthcare, must adhere to rigorous quality standards. The demand for high purity solvents rises as companies strive to meet these standards, ensuring the integrity and reliability of processes. This compliance not only addresses regulatory requirements but also enhances the overall quality and safety of products, driving sustained growth in the high purity solvents market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Spectrophotometric Solvents, UHPLC and LC/MS Solvents, HPLC Solvents, GC Solvents, and Others), Grade (ACS, Biosolv, Gcsolv, HPLC Grade, Omnisolv, Pestisolv, Purge and Trap, Spectrosolv, Tracegrade, USP, Ultratrace, Unisolv, and Others), Category (Polar Solvent and Non-Polar Solvent), Application (Liquid Crystals, Lithium Ion Batteries, Electroplating, Resins, Catalysts, and Others), End-User (Pharmaceutical and Biopharmaceutical, Chemical Laboratories, Cosmetics, Food and Beverage, Agriculture, Paints and Coatings, Biotechnology, Electrical and Electronics, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Exxon Mobil Corporation (U.S.), BASF SE (U.S.), Asahi Kasei Corporation (Tokyo), The Linde Group (Ireland), Thermo Fisher Scientific Inc., (U.S.) High Purity Laboratory Chemicals Pvt. Ltd. (India), Dow (U.S.), Apchem Pvt. Ltd. (U.S.), Evonik Industries AG (Germany), Merck KGaA (U.S.), Spectrum Chemical Manufacturing Corp. (U.S.), Central Drug House, Tedia (India), Mitsubishi Chemical Corporation (Subsidiary of Mitsubishi Chemical Holdings Corporation.) (Japan), and Akzo Nobel N.V. c. (Netherlands) among others.
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The India high purity solvents market is segmented based on type, grade, category, application, and end-user.
- On the basis of type, the India high purity solvents market is segmented into spectrophotometric solvents, UHPLC and LC/MS solvents, HPLC solvents, GC solvents, and others
- On the basis of grade, the India high purity solvents market is segmented into ACS, biosolv, gcsolv, HPLC grade, omnisolv, pestisolv, purge and trap, spectrosolv, tracegrade, usp, ultratrace, unisolv, and others
- On the basis of category, the India high purity solvents market is segmented into polar solvent and non-polar solvent
- On the basis of application, the India high purity solvents market is segmented into liquid crystals, lithium ion batteries, electroplating, resins, catalysts, and others
- On the basis of end-user, the India high purity solvents market is segmented into pharmaceutical and biopharmaceutical, chemical laboratories, cosmetics, food and beverage, agriculture, paints and coatings, biotechnology, electrical and electronics, and others
Major Players
Data Bridge Market Research recognizes the following companies as the India high purity solvents market players in India high purity solvents market are Exxon Mobil Corporation (U.S.), BASF SE (U.S.), Asahi Kasei Corporation (Tokyo), The Linde Group (Ireland), Thermo Fisher Scientific Inc., (U.S.) High Purity Laboratory Chemicals Pvt. Ltd. (India).
Market Developments
- In March 2021, Braskem joined forces with NXTLEVVEL Biochem to explore the renewable solvent market. This collaboration focuses on developing sustainable solutions for various segments including paints and coatings, agrochemicals, personal care, home care, and industrial cleaning. By combining their expertise, Braskem and NXTLEVVEL Biochem aim to advance environmentally friendly alternatives, meeting the increasing demand for renewable solvents across diverse industries
- In February 2020, Tedia showcased its expertise at the PittCon Conference & Expo in Chicago, drawing professionals and academics from diverse industries. Participation in such conferences enhances Tedia's visibility, fostering business growth by attracting new customers and expanding its revenue streams. The platform provided an opportunity to highlight Tedia's capabilities and innovations, establishing a stronger market presence and facilitating connections within the scientific community
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