Solvents

As the economy goes, so do solvents

US demand for solvents will rise at a modest pace through 2020, reflecting continued economic growth, and in particular, ongoing healthy increases in construction activity. Strength in both nonresidential and residential building construction will stimulate demand for construction-related materials, such as paint and coatings and adhesives and sealants. Although paint and coatings has experienced a shift to water-based formulations in recent years, as a result of environmental regulations concerning volatile organic compounds (VOC) and hazardous air pollutants (HAP), it will continue to be the largest market for solvents.

Shift to cleaner and green solvents continues

In a number of markets, solvent users will continue to transition toward green and less hazardous solvents that reduce emissions and lower toxicity. In many cases this shift is motivated by the need to meet tightening environmental regulations that address VOC and HAP emissions. However, public perception and consumer preference will also favor green products derived from renewable resources such as plant-based alcohols, soy methyl ester, and terpenes. Solvent users have responded to the preference for sustainably sourced, environmentally friendly products by the development and commercialization of not only all-new bio-based solvents, but also green versions of existing alcohols and glycols.

Oil and gas industry’s effect on solvents

The rapid expansion of US petroleum and natural gas production from 2010 to 2015 has helped drive solvent demand overall. Solvents are finding increasing use in oil drilling applications and in midstream equipment. Concerns about the impact of chemicals used in oil and natural gas production on wastewater have also supported demand for green solvents like soybean oil-based methyl esters and terpenes. Though solvent use by the oil and natural gas industry contracted in 2015 as the collapse in oil and natural gas prices reduced exploration activity, solvent consumption is expected to expand from the weak 2015 base going forward. The improving crude oil and natural gas prices, however, will also impact the competitiveness of conventional solvents, which had benefited in 2015 and 2016 from a better cost position compared to green solvents.

Study coverage

Solvents presents historical demand data (2005, 2010 and 2015) plus forecasts (2020 and 2025) by product (alcohols, hydrocarbons, ketones, glycols, esters, chlorinated solvents, soy oil and derivatives, other) and market (printing inks, paint and coatings, cosmetics and toiletries, adhesives and sealants, cleaning products, construction, other). This study also considers market environment factors, assesses industry structure, evaluates company market share and profiles 38 US industry competitors.

Freedonia's market research studies provide timely access to reliable, unbiased analysis from which to benchmark performance and answer critical questions: Is your business growing faster or slower than the overall market? Is your organization gaining or losing market share? Which products and markets are the most desirable to explore for expansion? Are there industry trends or competitor activities that present a threat or opportunity to your business?

Studies offer a great ROI and can help business leaders make informed, analytically driven decisions. When considering the time, effort, and expertise that goes into it, our off-the-shelf research saves our clients time and money.

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  1. Solvents

    $5,300.00

    1. 1 INTRODUCTION

      $226.00

    2. 2 EXECUTIVE SUMMARY

      $191.00

      1. Table | SOLVENT DEMAND

    3. 3 MARKET ENVIRONMENT

      $3,392.00

      1. 3.1 General

        $82.00

      2. 3.2 Demographic Trends

        $317.00

        1. Table | POPULATION & HOUSEHOLDS

      3. 3.3 Macroeconomic Outlook

        $266.00

        1. Table | MACROECONOMIC INDICATORS

      4. 3.4 Consumer Spending

        $142.00

        1. Table | PERSONAL CONSUMPTION EXPENDITURES

      5. 3.5 Manufacturing Outlook

        $1,463.00

        1. Table | MANUFACTURERS' SHIPMENTS

        2. 3.5.1 Food & Beverage Outlook

          $295.00

          1. Table | FOOD & BEVERAGE SHIPMENTS

        3. 3.5.2 Chemical Industry Outlook

          $236.00

          1. Table | CHEMICAL PRODUCT SHIPMENTS

        4. 3.5.3 Electronics Industry Outlook

          $308.00

          1. Table | ELECTRONIC & COMPUTER PRODUCT SHIPMENTS

        5. 3.5.4 Plastics & Rubber Industry Outlook

          $98.00

          1. Table | PLASTIC & RUBBER SHIPMENTS

        6. 3.5.5 Petroleum Refining Outlook

          $169.00

          1. Table | REFINED PETROLEUM PRODUCTS SUPPLY & DEMAND

      6. 3.6 Environmental & Regulatory Issues

        $616.00

        1. 3.6.1 Air Quality Issues

          $273.00

        2. 3.6.2 Worker Safety Issues

          $82.00

        3. 3.6.3 Solvent Recycling

          $90.00

      7. 3.7 Historical Market Trends

        $193.00

        1. Table | SOLVENT DEMAND, 2005-2015

        2. CHART II-1 SOLVENT DEMAND, 2006-2015

      8. 3.8 Pricing Trends

        $124.00

        1. Table | SOLVENT PRICING

      9. 3.9 International Activity & Foreign Trade

        $193.00

    4. 4 PRODUCTS

      $5,452.00

      1. 4.1 Demand Overview

        $277.00

        1. Table | SOLVENT DEMAND BY PRODUCT

        2. CHART III-1 SOLVENT DEMAND BY PRODUCT, 2015: VOLUME & VALUE

      2. 4.2 Green Solvents

        $199.00

        1. Table | GREEN SOLVENT DEMAND BY TYPE & MARKET

        2. CHART III-2 CONVENTIONAL VS. GREEN SOLVENT DEMAND, 2005-2025

      3. 4.3 Alcohols

        $1,089.00

        1. Table | ALCOHOL SOLVENT DEMAND BY TYPE

        2. CHART III-3 ALCOHOL SOLVENT DEMAND BY TYPE, 2015

        3. 4.3.1 Ethanol

          $172.00

          1. Table | ETHANOL SOLVENT DEMAND

        4. 4.3.2 Methanol

          $174.00

          1. Table | METHANOL SOLVENT DEMAND

        5. 4.3.3 Isopropanol

          $184.00

          1. Table | ISOPROPANOL SOLVENT DEMAND

        6. 4.3.4 Butanol

          $183.00

          1. Table | BUTANOL SOLVENT DEMAND

        7. 4.3.5 Other Alcohols

          $169.00

          1. Table | OTHER ALCOHOL SOLVENT DEMAND

        8. 4.3.6 Market Share

          $82.00

          1. CHART III-4 ALCOHOL SOLVENT MARKET SHARE, 2015

      4. 4.4 Hydrocarbons

        $361.00

        1. Table | HYDROCARBON SOLVENT DEMAND BY MARKET

        2. 4.4.1 Types

          $125.00

          1. Table | HYDROCARBON SOLVENT DEMAND BY TYPE

        3. 4.4.2 Producers

          $82.00

      5. 4.5 Glycols

        $1,104.00

        1. Table | GLYCOL SOLVENT DEMAND BY TYPE

        2. CHART III-5 GLYCOL SOLVENT DEMAND BY TYPE, 2015

        3. 4.5.1 Propylene Glycol

          $211.00

          1. Table | PROPYLENE GLYCOL SOLVENT DEMAND

        4. 4.5.2 E-Series Glycol Ethers

          $180.00

          1. Table | E-SERIES GLYCOL ETHER SOLVENT DEMAND

        5. 4.5.3 Ethylene Glycol

          $194.00

          1. Table | ETHYLENE GLYCOL SOLVENT DEMAND

        6. 4.5.4 P-Series Glycol Ethers

          $208.00

          1. Table | P-SERIES GLYCOL ETHER SOLVENT DEMAND

        7. 4.5.5 Other Glycols

          $134.00

          1. Table | OTHER GLYCOL SOLVENT DEMAND

        8. 4.5.6 Market Share

          $82.00

          1. CHART III-6 GLYCOL SOLVENT MARKET SHARE, 2015

      6. 4.6 Ketones

        $684.00

        1. Table | KETONE SOLVENT DEMAND BY TYPE

        2. CHART III-7 KETONE SOLVENT DEMAND BY TYPE, 2015

        3. 4.6.1 Acetone

          $219.00

          1. Table | ACETONE SOLVENT DEMAND

        4. 4.6.2 Methyl Ethyl Ketone

          $149.00

          1. Table | METHYL ETHYL KETONE SOLVENT DEMAND

        5. 4.6.3 Other Ketones

          $171.00

          1. Table | OTHER KETONE SOLVENT DEMAND

        6. 4.6.4 Market Share

          $82.00

          1. CHART III-8 KETONE SOLVENT MARKET SHARE, 2015

      7. 4.7 Esters

        $498.00

        1. Table | ESTER SOLVENT DEMAND BY TYPE

        2. CHART III-9 ESTER SOLVENT DEMAND BY TYPE, 2015

        3. 4.7.1 Ethyl Acetate

          $140.00

          1. Table | ETHYL ACETATE SOLVENT DEMAND

        4. 4.7.2 Butyl Acetate

          $90.00

          1. Table | BUTYL ACETATE SOLVENT DEMAND

        5. 4.7.3 Other Esters

          $119.00

          1. Table | OTHER ESTER SOLVENT DEMAND

        6. 4.7.4 Market Share

          $82.00

          1. CHART III-10 ESTER SOLVENT MARKET SHARE, 2015

      8. 4.8 Halogenated Solvents

        $777.00

        1. Table | HALOGENATED SOLVENT DEMAND BY TYPE

        2. CHART III-11 HALOGENATED SOLVENT DEMAND BY TYPE, 2015

        3. 4.8.1 Methylene Chloride

          $129.00

        4. 4.8.2 Perchloroethylene

          $82.00

        5. 4.8.3 Trichloroethylene

          $82.00

        6. 4.8.4 Other Halogenated Solvents

          $82.00

        7. 4.8.5 Markets

          $144.00

          1. Table | HALOGENATED SOLVENT DEMAND BY MARKET

        8. 4.8.6 Market Share

          $82.00

          1. CHART III-12 HALOGENATED SOLVENT MARKET SHARE, 2015

      9. 4.9 Soy Oil & Derivatives

        $224.00

        1. Table | SOY OIL & DERIVATIVE SOLVENT DEMAND

      10. 4.10 Other Solvents

        $239.00

        1. Table | OTHER SOLVENTS DEMAND BY PRODUCT & MARKET

    5. 5 MARKETS

      $4,261.00

      1. 5.1 General

        $135.00

        1. Table | SOLVENT DEMAND BY MARKET

        2. CHART IV-1 SOLVENT DEMAND BY MARKET, 2015

      2. 5.2 Paint & Coatings

        $395.00

        1. 5.2.1 Industry Overview

          $82.00

          1. Table | PAINT & COATINGS SHIPMENTS

        2. 5.2.2 Solvent Demand

          $289.00

          1. Table | PAINT & COATINGS MARKET FOR SOLVENTS

      3. 5.3 Printing Inks

        $570.00

        1. 5.3.1 Industry Overview

          $186.00

          1. Table | PRINTING INK SHIPMENTS

        2. 5.3.2 Solvent Demand

          $333.00

          1. Table | PRINTING INK MARKET FOR SOLVENTS

      4. 5.4 Cleaning Products

        $417.00

        1. 5.4.1 Industry Overview

          $125.00

          1. Table | CLEANING PRODUCTS SHIPMENTS

        2. 5.4.2 Solvent Demand

          $232.00

          1. Table | CLEANING PRODUCTS MARKET FOR SOLVENTS

      5. 5.5 Oil & Gas

        $357.00

        1. 5.5.1 Industry Overview

          $132.00

          1. Table | OIL & GAS PRODUCTION & CONSUMPTION

        2. 5.5.2 Solvent Demand

          $191.00

          1. Table | OIL & GAS MARKET FOR SOLVENTS

      6. 5.6 Cosmetics & Toiletries

        $428.00

        1. 5.6.1 Industry Overview

          $215.00

          1. Table | COSMETICS & TOILETRIES SHIPMENTS

        2. 5.6.2 Solvent Demand

          $180.00

          1. Table | COSMETICS & TOILETRIES MARKET FOR SOLVENTS

      7. 5.7 Adhesives & Sealants

        $284.00

        1. 5.7.1 Industry Overview

          $87.00

          1. Table | ADHESIVES & SEALANTS SHIPMENTS

        2. 5.7.2 Solvent Demand

          $162.00

          1. Table | ADHESIVES & SEALANTS MARKET FOR SOLVENTS

      8. 5.8 Construction

        $332.00

        1. 5.8.1 Industry Overview

          $126.00

          1. Table | CONSTRUCTION EXPENDITURES

        2. 5.8.2 Solvent Demand

          $153.00

          1. Table | CONSTRUCTION MARKET FOR SOLVENTS

      9. 5.9 Other Markets

        $1,343.00

        1. Table | OTHER MARKETS FOR SOLVENTS

        2. 5.9.1 Chemical Processing

          $117.00

          1. Table | CHEMICAL PROCESSING MARKET FOR SOLVENTS

        3. 5.9.2 Pharmaceuticals

          $157.00

          1. Table | PHARMACEUTICAL MARKET FOR SOLVENTS

        4. 5.9.3 Transportation

          $139.00

          1. Table | TRANSPORTATION MARKET FOR SOLVENTS

        5. 5.9.4 Asphalt Production

          $130.00

          1. Table | ASPHALT PRODUCTION MARKET FOR SOLVENTS

        6. 5.9.5 Plastics & Rubber Processing

          $86.00

          1. Table | PLASTIC & RUBBER PROCESSING MARKET FOR SOLVENTS

        7. 5.9.6 Electronics

          $120.00

          1. Table | ELECTRONICS MARKET FOR SOLVENTS

        8. 5.9.7 Food & Beverage Processing

          $89.00

          1. Table | FOOD & BEVERAGE PROCESSING MARKET FOR SOLVENTS

        9. 5.9.8 Metal Processing

          $96.00

          1. Table | METAL PROCESSING MARKET FOR SOLVENTS

        10. 5.9.9 Agricultural Chemicals

          $82.00

          1. Table | AGRICULTURAL CHEMICAL MARKET FOR SOLVENTS

        11. 5.9.10 Petroleum Refining

          $87.00

          1. Table | PETROLEUM REFINING MARKET FOR SOLVENTS

        12. 5.9.11 All Other Markets

          $145.00

          1. Table | ALL OTHER MARKETS FOR SOLVENTS

    6. 6 INDUSTRY STRUCTURE

      $7,949.00

      1. 6.1 General

        $154.00

        1. Table | SOLVENT SALES BY COMPANY, 2015

      2. 6.2 Market Share

        $270.00

        1. CHART V-1 US SOLVENT MARKET SHARE, 2015

      3. 6.3 Industry Restructuring

        $118.00

        1. Table | SELECTED ACQUISITIONS & DIVESTITURES

      4. 6.4 Competitive Strategies

        $658.00

        1. 6.4.1 Low Cost Leadership

          $137.00

        2. 6.4.2 Cooperative Agreements

          $82.00

          1. Table | SELECTED COOPERATIVE AGREEMENTS

        3. 6.4.3 Research & Development

          $127.00

        4. 6.4.4 Marketing & Product Differentiation

          $175.00

        5. 6.4.5 Quality & Service

          $82.00

      5. 6.5 Company Profiles

        $7,319.00

        1. 6.5.1 Archer-Daniels-Midland Company

          $204.00

        2. 6.5.2 Arkema SA

          $173.00

        3. 6.5.3 Ashland Incorporated

          $171.00

        4. 6.5.4 Axiall Corporation

          $189.00

        5. 6.5.5 BASF SE

          $370.00

        6. 6.5.6 BP plc

          $86.00

        7. 6.5.7 Cargill Incorporated

          $103.00

        8. 6.5.8 Celanese Corporation

          $189.00

        9. 6.5.9 Chemours Company

          $96.00

        10. 6.5.10 Chevron Phillips Chemical Company LLC

          $173.00

        11. 6.5.11 Croda International plc

          $175.00

        12. 6.5.12 Dow Chemical Company

          $628.00

        13. 6.5.13 Eastman Chemical Company

          $451.00

        14. 6.5.14 Exxon Mobil Corporation

          $237.00

        15. 6.5.15 Flotek Industries Incorporated

          $189.00

        16. 6.5.16 Honeywell International Incorporated

          $257.00

        17. 6.5.17 Huntsman Corporation

          $212.00

        18. 6.5.18 Indorama Ventures Public Company Limited

          $82.00

        19. 6.5.19 INEOS Group AG

          $271.00

        20. 6.5.20 Koch Industries Incorporated

          $208.00

        21. 6.5.21 Kraton Performance Polymers LLC

          $95.00

        22. 6.5.22 LyondellBasell Industries NV

          $555.00

        23. 6.5.23 Marathon Petroleum Corporation

          $83.00

        24. 6.5.24 Methanex Corporation

          $125.00

        25. 6.5.25 Monument Chemical Incorporated

          $162.00

        26. 6.5.26 Occidental Petroleum Corporation

          $98.00

        27. 6.5.27 OCI Partners LP

          $82.00

        28. 6.5.28 Olin Corporation

          $166.00

        29. 6.5.29 OXEA Sàrl

          $82.00

        30. 6.5.30 PBF Energy Incorporated

          $90.00

        31. 6.5.31 Petróleos de Venezuela SA

          $144.00

        32. 6.5.32 Phillips 66

          $129.00

        33. 6.5.33 Royal Dutch Shell plc

          $326.00

        34. 6.5.34 Sasol NA Limited

          $130.00

        35. 6.5.35 Solvay SA

          $334.00

        36. 6.5.36 Symrise AG

          $117.00

        37. 6.5.37 Total SA

          $82.00

        38. 6.5.38 Valero Energy Corporation

          $82.00

      6. 6.6 Other Companies Mentioned in Study

        $102.00

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