Solvents

As Quoted In PCI

A rebound in construction activity will drive increases in solvent demand in the construction and paints and coatings markets, while growth in consumer markets will benefit “green” solvents.

US demand to rise 1.5% per year through 2016

US solvents demand will continue to rebound from its recessionary lows, rising 1.5 percent per year in volume terms through 2016 to 10.9 billion pounds. A strong rebound in construction activity will drive strong increases in solvent demand in the construction and paints and coatings markets. Above average growth in consumer oriented markets such as cleaning products and cosmetics and toiletries will stimulate demand for “green” solvents, particularly butanediol derivatives, terpenes, and alcohols.

Strong growth in green solvent demand will also reflect ongoing efforts by the industry to address regulatory concerns such as solvent volatility and toxicity. On the other hand, these regulatory issues will also have a dampening effect on solvent demand as companies work to reduce solvent usage in their products and processes. Additionally, the long term decline in aftermarket motor vehicle engine coolant consumption, a result of lengthening engine coolant flush intervals, will temper solvent demand growth.

Construction, coatings markets to grow the fastest

Increased construction spending through 2016, particularly for new residential housing, will help reverse recent declines in construction and related markets such as paints and coatings, adhesives and sealants, and plastics and rubber processing. Of these, the construction and paints and coatings markets will realize the fastest growth. Even faster advances in paints and coatings solvents demand will be limited by the ongoing transition toward waterborne coatings that do not require hydrocarbon or chlorinated solvents.

Green solvents to rapidly outpace conventional types

Demand growth for green solvents will significantly outpace that for conventional types, rising nearly four times faster than conventional solvents. The rising use of green solvents will reflect increasing consumer demand for environmentally friendly products. Government regulations are also driving the shift, both at the state and federal levels. In particular, the need to meet volatile organic compound (VOC) regulations has benefited demand for glycol solvents in the paints and coatings market. Chemical processors looking to comply with VOC regulations are increasingly turning toward butanediol and its derivatives to lower VOC content while continuing to use solvents. Likewise, the construction market has been increasingly turning towards alcohols and ketones like MEK for solvent uses. In the cleaning products, cosmetic and toiletries, and pharmaceutical markets, the need to meet stringent FDA and EPA regulations has prompted greater demand for alcohols -- in particular, ethanol.

Study Scope

This study analyzes the 10.1 billion pound US solvent industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., alcohols, glycols, hydrocarbons, ketones, esters, chlorinated solvents, butanediol, soy oil, terpenes) and market (e.g., transportation, paints and coatings, printing inks, cleaning products, cosmetics and toiletries, adhesives and sealants, chemical processing, construction).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 37 industry players such as Dow Chemical, Exxon Mobil, and LyondellBasell.

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Purchase Solvents by the Section

  1. Solvents

    $4,900.00

    1. 1 INTRODUCTION

      $107.00

    2. 2 EXECUTIVE SUMMARY

      $149.00

      1. Table | SOLVENTS DEMAND (million pounds)

    3. 3 MARKET ENVIRONMENT

      $1,920.00

      1. 3.1 General

        $82.00

      2. 3.2 Demographic Trends

        $183.00

        1. Table | POPULATION & HOUSEHOLDS (million persons)

      3. 3.3 Macroeconomic Outlook

        $163.00

        1. Table | MACROECONOMIC INDICATORS (billion 2005 dollars)

      4. 3.4 Consumer Spending

        $131.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES (billion 2005 dollars)

      5. 3.5 Manufacturing Outlook

        $703.00

        1. Table | MANUFACTURERS' SHIPMENTS (billion 2005 dollars)

        2. 3.5.1 Food & Beverage Outlook

          $137.00

          1. Table | FOOD & BEVERAGE SHIPMENTS (billion dollars)

        3. 3.5.2 Chemical Industry Outlook

          $151.00

          1. Table | CHEMICAL SHIPMENTS (billion 2005 dollars)

        4. 3.5.3 Electronics Industry Outlook

          $82.00

          1. Table | ELECTRONIC COMPONENT SHIPMENTS (billion dollars)

        5. 3.5.4 Plastics & Rubber Industry Outlook

          $82.00

          1. Table | PLASTICS & RUBBER PRODUCT SHIPMENTS

        6. 3.5.5 Petroleum Refining Outlook

          $91.00

          1. Table | REFINED PETROLEUM PRODUCTS CONSUMPTION & PRODUCTION (million barrels)

      6. 3.6 Environmental & Regulatory Issues

        $312.00

        1. 3.6.1 Air Quality Issues

          $142.00

        2. 3.6.2 Worker Safety Issues

          $82.00

        3. 3.6.3 Solvent Recycling

          $82.00

      7. 3.7 Historical Market Trends

        $82.00

        1. Table | SOLVENTS MARKET, 2001-2011

      8. 3.8 Pricing Trends

        $120.00

        1. Table | SOLVENTS PRICING

      9. 3.9 International Activity & Foreign Trade

        $177.00

    4. 4 PRODUCTS

      $3,885.00

      1. 4.1 Demand Overview

        $321.00

        1. Table | SOLVENTS DEMAND BY PRODUCT (million pounds)

        2. 4.1.1 Functions

          $106.00

          1. Table | SOLVENT DEMAND BY FUNCTION (million pounds)

        3. 4.1.2 Green Solvents

          $92.00

          1. Table | SOLVENTS DEMAND: CONVENTIONAL VS. GREEN (million pounds)

      2. 4.2 Alcohols

        $829.00

        1. Table | ALCOHOL SOLVENTS DEMAND BY TYPE

        2. 4.2.1 Ethanol

          $215.00

          1. Table | ETHANOL SOLVENTS DEMAND (million pounds)

        3. 4.2.2 Methanol

          $156.00

          1. Table | METHANOL SOLVENTS DEMAND (million pounds)

        4. 4.2.3 Isopropanol

          $117.00

          1. Table | ISOPROPANOL SOLVENTS DEMAND (million pounds)

        5. 4.2.4 Butanol

          $114.00

          1. Table | BUTANOL SOLVENTS DEMAND (million pounds)

        6. 4.2.5 Other Alcohols

          $116.00

          1. Table | OTHER ALCOHOL SOLVENTS DEMAND (million pounds)

        7. 4.2.6 Market Share

          $82.00

      3. 4.3 Glycols

        $758.00

        1. Table | GLYCOL SOLVENTS DEMAND BY TYPE (million pounds)

        2. 4.3.1 Ethylene Glycol

          $150.00

          1. Table | ETHYLENE GLYCOL SOLVENTS DEMAND (million pounds)

        3. 4.3.2 Propylene Glycol

          $118.00

          1. Table | PROPYLENE GLYCOL SOLVENTS DEMAND (million pounds)

        4. 4.3.3 E-Series Glycol Ethers

          $117.00

          1. Table | E-SERIES GLYCOL ETHER SOLVENTS DEMAND (million pounds)

        5. 4.3.4 P-Series Glycol Ethers

          $121.00

          1. Table | P-SERIES GLYCOL ETHER SOLVENTS DEMAND (million pounds)

        6. 4.3.5 Dipropylene Glycol

          $82.00

          1. Table | DIPROPYLENE GLYCOL SOLVENTS DEMAND (million pounds)

        7. 4.3.6 Other Glycols

          $82.00

          1. Table | OTHER GLYCOL SOLVENTS DEMAND (million pounds)

        8. 4.3.7 Market Share

          $82.00

      4. 4.4 Hydrocarbons

        $237.00

        1. Table | HYDROCARBON SOLVENTS DEMAND BY TYPE & MARKET (million pounds)

        2. 4.4.1 Types

          $82.00

        3. 4.4.2 Producers

          $82.00

      5. 4.5 Ketones

        $427.00

        1. Table | KETONE SOLVENTS DEMAND BY TYPE (million pounds)

        2. 4.5.1 Acetone

          $104.00

          1. Table | ACETONE SOLVENTS DEMAND (million pounds)

        3. 4.5.2 Methyl Ethyl Ketone

          $86.00

          1. Table | METHYL ETHYL KETONE SOLVENTS DEMAND (million pounds)

        4. 4.5.3 Methyl Isobutyl Ketone

          $90.00

          1. Table | METHYL ISOBUTYL KETONE SOLVENTS DEMAND (million pounds)

        5. 4.5.4 Other Ketones

          $82.00

          1. Table | OTHER KETONE SOLVENTS DEMAND (million pounds)

        6. 4.5.5 Market Share

          $82.00

      6. 4.6 Esters

        $292.00

        1. Table | ESTER SOLVENTS DEMAND BY TYPE (million pounds)

        2. 4.6.1 Ethyl Acetate

          $82.00

          1. Table | ETHYL ACETATE SOLVENTS DEMAND (million pounds)

        3. 4.6.2 Butyl Acetate

          $82.00

          1. Table | BUTYL ACETATE SOLVENTS DEMAND (million pounds)

        4. 4.6.3 Other Esters

          $82.00

          1. Table | OTHER ESTER SOLVENTS DEMAND (million pounds)

        5. 4.6.4 Market Share

          $82.00

      7. 4.7 Chlorinated Solvents

        $392.00

        1. Table | CHLORINATED SOLVENTS DEMAND BY TYPE (million pounds)

        2. 4.7.1 Methylene Chloride

          $82.00

        3. 4.7.2 Perchloroethylene

          $82.00

        4. 4.7.3 Trichloroethylene

          $82.00

        5. 4.7.4 Other Chlorinated Solvents

          $82.00

        6. 4.7.5 Markets

          $82.00

          1. Table | CHLORINATED SOLVENTS DEMAND BY MARKET (million pounds)

        7. 4.7.6 Market Share

          $82.00

      8. 4.8 Butanediol & Derivative Solvents

        $316.00

        1. Table | BUTANEDIOL & DERIVATIVE SOLVENTS DEMAND (million pounds)

        2. 4.8.1 Butanediol

          $82.00

          1. Table | BUTANEDIOL SOLVENTS DEMAND (million pounds)

        3. 4.8.2 Gamma-Butyrolactone & Derivatives

          $113.00

          1. Table | GAMMA-BUTYROLACTONE & DERIVATIVES SOLVENTS DEMAND (million pounds)

        4. 4.8.3 Tetrahydrofuran

          $82.00

          1. Table | TETRAHYDROFURAN SOLVENTS DEMAND (million pounds)

        5. 4.8.4 Market Share

          $82.00

      9. 4.9 Soy Oil & Derivatives

        $82.00

        1. Table | SOY OIL & DERIVATIVE SOLVENTS DEMAND (million pounds)

      10. 4.10 Terpenes

        $85.00

        1. Table | TERPENE SOLVENTS DEMAND (million pounds)

      11. 4.11 Other Solvents

        $164.00

        1. Table | OTHER SOLVENTS DEMAND BY PRODUCT & MARKET (million pounds)

    5. 5 MARKETS

      $2,515.00

      1. 5.1 General

        $82.00

        1. Table | SOLVENTS DEMAND BY MARKET (million pounds)

      2. 5.2 Transportation

        $208.00

        1. 5.2.1 Industry Overview

          $82.00

          1. Table | TRANSPORTATION INDICATORS

        2. 5.2.2 Solvents Demand

          $128.00

          1. Table | TRANSPORTATION MARKET FOR SOLVENTS (million pounds)

      3. 5.3 Paints & Coatings

        $244.00

        1. 5.3.1 Industry Overview

          $82.00

          1. Table | PAINTS & COATINGS SHIPMENTS

        2. 5.3.2 Solvents Demand

          $147.00

          1. Table | PAINTS & COATINGS MARKET FOR SOLVENTS (million pounds)

      4. 5.4 Printing Inks

        $231.00

        1. 5.4.1 Industry Overview

          $87.00

          1. Table | PRINTING INK SHIPMENTS

        2. 5.4.2 Solvents Demand

          $124.00

          1. Table | PRINTING INK MARKET FOR SOLVENTS (million pounds)

      5. 5.5 Cleaning Products

        $232.00

        1. 5.5.1 Industry Overview

          $82.00

          1. Table | CLEANING PRODUCT SHIPMENTS

        2. 5.5.2 Solvents Demand

          $109.00

          1. Table | CLEANING PRODUCT MARKET FOR SOLVENTS (million pounds)

      6. 5.6 Cosmetics & Toiletries

        $217.00

        1. 5.6.1 Industry Overview

          $125.00

          1. Table | COSMETIC & TOILETRY SUPPLY & DEMAND (million dollars)

        2. 5.6.2 Solvents Demand

          $82.00

          1. Table | COSMETICS & TOILETRIES MARKET FOR SOLVENTS (million pounds)

      7. 5.7 Adhesives & Sealants

        $186.00

        1. 5.7.1 Industry Overview

          $89.00

          1. Table | ADHESIVES & SEALANTS SHIPMENTS (million pounds)

        2. 5.7.2 Solvents Demand

          $82.00

          1. Table | ADHESIVES & SEALANTS MARKET FOR SOLVENTS (million pounds)

      8. 5.8 Chemical Processing

        $190.00

        1. 5.8.1 Industry Overview

          $113.00

          1. Table | CHEMICAL PRODUCT SHIPMENTS

        2. 5.8.2 Solvents Demand

          $82.00

          1. Table | CHEMICAL PROCESSING MARKET FOR SOLVENTS (million pounds)

      9. 5.9 Construction

        $261.00

        1. 5.9.1 Industry Overview

          $143.00

          1. Table | CONSTRUCTION EXPENDITURES (billion 2005 dollars)

        2. 5.9.2 Solvents Demand

          $94.00

          1. Table | CONSTRUCTION MARKET FOR SOLVENTS (million pounds)

      10. 5.10 Other Markets

        $681.00

        1. Table | OTHER MARKETS FOR SOLVENTS (million pounds)

        2. 5.10.1 Pharmaceuticals

          $92.00

          1. Table | PHARMACEUTICAL MARKET FOR SOLVENTS (million pounds)

        3. 5.10.2 Asphalt Production

          $82.00

          1. Table | ASPHALT PRODUCTION MARKET FOR SOLVENTS (million pounds)

        4. 5.10.3 Dry Cleaning

          $82.00

          1. Table | DRY CLEANING SOLVENTS DEMAND (million pounds)

        5. 5.10.4 Electronic Components

          $82.00

          1. Table | ELECTRONICS MARKET FOR SOLVENTS (million pounds)

        6. 5.10.5 Plastics & Rubber Processing

          $82.00

          1. Table | PLASTICS & RUBBER MARKET FOR SOLVENTS (million pounds)

        7. 5.10.6 Metal Processing

          $82.00

          1. Table | METAL PROCESSING MARKET FOR SOLVENTS (million pounds)

        8. 5.10.7 Food & Beverage Processing

          $82.00

          1. Table | FOOD & BEVERAGE PROCESSING MARKET FOR SOLVENTS (million pounds)

        9. 5.10.8 Agricultural Chemicals

          $82.00

          1. Table | AGRICULTURAL CHEMICALS MARKET FOR SOLVENTS (million pounds)

        10. 5.10.9 Petroleum Refining

          $82.00

          1. Table | REFINED PETROLEUM PRODUCTS MARKET FOR SOLVENTS (million pounds)

        11. 5.10.10 All Other Markets

          $82.00

          1. Table | ALL OTHER MARKETS FOR SOLVENTS (million pounds)

    6. 6 INDUSTRY STRUCTURE

      $4,931.00

      1. 6.1 General

        $103.00

        1. Table | SOLVENT SALES BY COMPANY, 2011 (million dollars)

      2. 6.2 Market Share

        $156.00

      3. 6.3 Industry Restructuring

        $88.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 6.4 Competitive Strategies

        $250.00

        1. 6.4.1 Low-Cost Leadership

          $82.00

        2. 6.4.2 Cooperative Agreements

          $82.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

        3. 6.4.3 Product Differentiation

          $82.00

        4. 6.4.4 Research & Development

          $82.00

        5. 6.4.5 Marketing & Distribution

          $82.00

      5. 6.5 Company Profiles

        $4,561.00

        1. 6.5.1 Archer-Daniels-Midland Company

          $122.00

        2. 6.5.2 Arizona Chemical Company LLC

          $82.00

        3. 6.5.3 Arkema SA

          $110.00

        4. 6.5.4 Ashland Incorporated

          $135.00

        5. 6.5.5 BASF SE

          $204.00

        6. 6.5.6 BP plc

          $82.00

        7. 6.5.7 Celanese Corporation

          $119.00

        8. 6.5.8 Chevron Phillips Chemical Company LLC

          $132.00

        9. 6.5.9 ConocoPhillips

          $82.00

        10. 6.5.10 Croda International plc

          $109.00

        11. 6.5.11 Dow Chemical Company

          $488.00

        12. 6.5.12 DuPont (EI) de Nemours

          $89.00

        13. 6.5.13 Eastman Chemical Company

          $288.00

        14. 6.5.14 Exxon Mobil Corporation

          $128.00

        15. 6.5.15 Florida Chemical Company Incorporated

          $112.00

        16. 6.5.16 Georgia Gulf Corporation

          $82.00

        17. 6.5.17 Honeywell International Incorporated

          $82.00

        18. 6.5.18 Huntsman Corporation

          $123.00

        19. 6.5.19 Indorama Corporation

          $82.00

        20. 6.5.20 INEOS Group Limited

          $123.00

        21. 6.5.21 Koch Industries Incorporated

          $145.00

        22. 6.5.22 Lonza Group Limited

          $100.00

        23. 6.5.23 LyondellBasell Industries NV

          $397.00

        24. 6.5.24 Marathon Petroleum Corporation

          $82.00

        25. 6.5.25 Methanex Corporation

          $82.00

        26. 6.5.26 Occidental Petroleum Corporation

          $82.00

        27. 6.5.27 OXEA GmbH

          $82.00

        28. 6.5.28 PBF Energy Incorporated

          $82.00

        29. 6.5.29 Petroleos de Venezuela SA

          $102.00

        30. 6.5.30 Phillips 66

          $93.00

        31. 6.5.31 PPG Industries Incorporated

          $144.00

        32. 6.5.32 Renessenz LLC

          $82.00

        33. 6.5.33 Royal Dutch Shell plc

          $254.00

        34. 6.5.34 Solvay SA

          $140.00

        35. 6.5.35 Sunoco Incorporated

          $97.00

        36. 6.5.36 Total SA

          $82.00

        37. 6.5.37 Valero Energy Corporation

          $82.00

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