Global Aprotic Solvents Market Competitive Landscape, Lucrative Segments And Top Geographies
24 May, 2023
The global aprotic solvents market size is expected to grow from $20.18 billion in 2022 to $20.44 billion in 2023 at a compound annual growth rate (CAGR) of 1.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aprotic solvents market is expected to grow to $21.60 billion in 2027 at a CAGR of 1.4%.
Global Aprotic Solvents Market Key Driver
The expanding infrastructure and construction activities are expected to drive the aprotic solvents market forward. Rising population, economic growth, and urbanization are driving up infrastructure and construction activity. Aprotic solvents are used in adhesives and sealants, paints and coatings to improve adhesion between the polymer matrix and the fibre surface during construction. For instance, in October 2021, according to Oxford Economics, a France-based advisory firm, global construction output in 2020 was 10.7 trillion and was expected to grow by 42% in terms of volume to reach 15.2 trillion by 2030. The United States, China, India, and Indonesia together account for 58.3% of global growth in construction. Therefore, the growing infrastructural and construction activities are driving the growth of the aprotic solvents market.
Get a sample of the global aprotic solvents market reportGlobal Aprotic Solvents Market Segments
The global aprotic solvents market is segmented:
1) By Type: N-Methyl-2-Pyrrolidone (NMP), Toluene, Benzene, Acetone, Other Types
2) By Source: Bio-Based, Synthetic
3) By Application: Oil And Gas, Plastics, Pharmaceuticals, Electronic Equipment, Paints And Coatings, Adhesives, and Other Applications
4) By Geography: The regions covered in the aprotic solvents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accountsfor the largest share in the global aprotic solvents market.
Major Aprotic Solvents Industry Players
BASF SE, Eastman Chemical Company, Shell Chemicals, Ineos Chemicals Company, Celanese Corporation, DuPont Conglomerate Company, AlzChem AG, Asahi Kasei Corporation, Imperial Chemical Corporation, Mitsubishi Chemicals, Nanjing Jinlong, Ashland Global Holdings Inc., CNPC Jilin Chemical Group, China National Petroleum Corporation, and Merck KGaA.
Get the full global aprotic solvents industry reportAprotic Solvents Market Overview
An aprotic solvent is one that has no hydrogen bonds and where the proton is neither donated nor accepted. (hydrogen). A solvent is a chemical compound that dissolves a solute. Solvents can be solid, gaseous, or liquid.
Aprotic Solvents Global Market Report 2023 provides data on the global aprotic solvents market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aprotic solvents market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.