Global Aprotic Solvent Market, By Product (N-Methyl-2-Pyrrolidone (NMP), Toluene, Benzene, Acetone, Others), End-Use Industry (Oil and Gas, Pharmaceuticals, Paints and Coatings, Electronics, Others), Source (Bio and Green, Conventional), Application (Dissolve, Scattered, Dilution, Others) – Industry Trends and Forecast to 2029.
Aprotic Solvent Market Analysis and Size
Aprotic solvents are essential in many industries, including oil and gas industry, pharmaceutical industry, refineries, industrial cleaning, automotive, cosmetics, and many others. Because of their solvency properties, aprotic solvents are used to dissolve a wide range of industrial materials. Other properties of aprotic solvents allow them to be used in various applications, such as cosmetics and pharmaceuticals.
Data Bridge Market Research analyses that the aprotic solvent market was growing at a value of 17.96 billion in 2021 and is expected to reach a value of USD 33.49 billion by 2029, at a CAGR of 8.10% during the forecast period. 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..
Aprotic Solvent Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product (N-Methyl-2-Pyrrolidone (NMP), Toluene, Benzene, Acetone, Others), End Use Industry (Oil and Gas, Pharmaceuticals, Paints and Coatings, Electronics, Others), Source (Bio and Green, Conventional), Application (Dissolve, Scattered, Dilution, Others),
|
|
Countries Covered
|
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
|
|
Market Players Covered
|
Thermo Fisher Scientific (U.S.), Merck KGaA (U.S.), KISHIDA CHEMICAL Co.,Ltd. (Japan), Schultz (Canada), TCI Chemicals (India) Pvt. Ltd. (Japan), J&H CHEM Co., Ltd. (U.S.), AA Blocks (U.S.), Santa Cruz Biotechnology, Inc. (U.S.), Sinfoo Biotech (China), Biosynth Carbosynth. (U.K.), Henan Tianfu Chemical Co., Ltd (China), Changsha Easchem Co., Ltd. (China), Jiangsu Zhongneng Chemical Technology Co., Ltd. (China), SAGECHEM (China), XRchemical (China), Syntechem Co.,Ltd (China), abcr GmbH (Germany), Alfa Chemistry. (U.S.), and Angene Chemical (India) among others
|
|
Opportunities
|
|
Market Definition
Aprotic solvents are unable to donate enough hydrogen atoms and lack acidic hydrogen. Aprotic solvents have a great dipole moment, low skin penetration, high polarity, a high dielectric constant, and good acid stability and are incompatible with heavy bases like n-butyllithium. Aprotic solvents can recognize hydrogen bonds, the absence of acidic hydrogen, the ability to stabilize ions, and the ability to dissolve salts.
Global Aprotic Solvent Market Dynamics
Drivers
- High adoption from various end-user industries
Over the forecast period, the apocalyptic solvents market revenue is expected to grow rapidly. The market is expected to perform well in the near future due to the widespread use of the N-Methyl-2-pyrrolidone solvent for liquefying various materials in the oil and gas industry and toluene in the production of benzene, xylene, and trinitrotoluene used in multiple industries such as pharmaceutical. Furthermore, expanding the use of aprotic polarity solvent as a reaction solvent for agricultural and pharmaceutical chemicals and a cleaning agent for electronic components are some of the factors expected to drive aprotic solvent market revenue growth during the forecast period.
- Growing infrastructural and construction activities
Developed countries are focusing on increasing infrastructure and building cities with technological advancements and developments. China, in particular, has the most significant building market, accounting for more than 20% of global construction income, which is expected to exceed USD 13 trillion by 2030. These factors have increased the demand for paints and coatings for these structures. These factors are regarded as the primary drivers of aprotic solvent market growth.
Opportunities
- Environment regulations will present opportunities
Rising environmental regulations and rapid development in the pharmaceutical industry, which is the fastest-growing application sector, will all contribute to the growth of the aprotic solvent market over the forecasted timeframe.
Restraints
- Volatility in prices and availability of substitutes
Volatility in raw material prices, combined with stringent regime regulations, will most likely act as market restraints for the aprotic solvent's growth over the forecasted timeframe. Rising demand for non-toxic alternatives to aprotic solvents will be the market's most significant and immediate challenge.
This aprotic solvent market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aprotic solvent market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Global Aprotic Solvent Market Dynamics
The COVID-19 pandemic has harmed the oil and gas industry. Due to the government's lockdown and restrictions, there was minimal movement of vehicles. Due to the lockdown, most factories were closed, resulting in less energy demand and a 57% drop in global oil demand. This has harmed the oil and gas industry and the market for aprotic solvents. Furthermore, other end-user industries, such as paints and coatings, adhesives, and plastics, were impacted by the COVID-19 outbreak because construction activities were halted in most countries worldwide. On the other hand, the relaxation of the lockdown and the opening of the markets are encouraging signs for the aprotic solvents market.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures
Global Aprotic Solvent Market Scope
The aprotic solvent market is segmented on the basis of product, end use industry, source, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- N-Methyl-2-Pyrrolidone (NMP)
- Toluene
- Benzene
- Acetone
- Others
- Chloroform
- Pentane
- Diethyl Ether
- Hexane
End User Industry
- Oil and Gas
- Pharmaceuticals
- Paints and Coatings
- Electronics
- Others
- Agrochemicals
- Printing inks
- Personal care
Source
- Bio and Green
- Conventional
Application
- Dissolve
- Scattered
- Dilution
- Others
Aprotic Solvent Market Regional Analysis/Insights
The aprotic solvent market is analysed and market size insights and trends are provided by country, product, end use industry, source, and application as referenced above.
The countries covered in the aprotic solvent market report are 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.
The Asia-Pacific region dominated the aprotic solvents market. The increased demand for aprotic solvents in developing countries such as China, Japan, India, and South Korea was the cause. China is expected to maintain its dominance in the aprotic solvents market during the forecast period. This is due to the country's growing building and construction industry. According to the Australian Government, Singapore's building and construction sector is thriving, thanks to strong government spending on public infrastructure. Such increased building and construction activities in APAC countries are expected to increase demand for aprotic solvents applications over the forecasted period, proving to be a market booster for the aprotic solvents market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aprotic Solvent Market Share Analysis
The aprotic solvent market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aprotic solvent market.
Some of the major players operating in the aprotic solvent market are:
- Thermo Fisher Scientific (US)
- Merck KGaA (US)
- KISHIDA CHEMICAL Co.,Ltd. (Japan)
- Schultz (Canada)
- TCI Chemicals (India) Pvt. Ltd. (Japan)
- J&H CHEM Co., Ltd. (US)
- AA Blocks (US)
- Santa Cruz Biotechnology, Inc. (US)
- Sinfoo Biotech (China)
- Biosynth Carbosynth. (UK)
- Henan Tianfu Chemical Co., Ltd (China)
- Changsha Easchem Co., Ltd. (China)
- Jiangsu Zhongneng Chemical Technology Co., Ltd. (China)
- SAGECHEM (China)
- XRchemical (China)
- Syntechem Co.,Ltd (China)
- abcr GmbH (Germany)
- Angene Chemical (India)
SKU-