Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability. The main types of solvent-based coatings are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent-based coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. 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 global solvent based coatings market size is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%. Solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with the oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperatures. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints that are solvent-based and more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits their application in humid environments and thereby contributes to the growth of the market. Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the market. The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition. However, additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing, and specific morphology can boost overall performance, improving the dirt pick-up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc. Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA. Asia-Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the global solvent based coatings market. The regions covered in the global solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent based coatings market is segmented - 1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks 3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals

The solvent-based adhesives refer to a class of adhesives that are formulated on an elastomer dissolved in a solvent or phenolic/formaldehyde resins. The solvent-based adhesives are ideal for both porous and non-porous surfaces and offer secure adhesion. The main types of solvent-based adhesives are polyurethane, styrenic block, and ethyl vinyl acetate. Ethylene vinyl acetate (EVA) is a copolymer made up of ethylene and various quantities of vinyl acetate. The solvent-based adhesives are used in paper and packaging, building and construction, woodworking, automotive and transportation, and other sectors that are distributed through direct sales and distributors. The solvent-based adhesives market research report is one of a series of new reports from The Business Research Company that provides solvent-based adhesives market statistics, including solvent-based adhesives industry global market size, regional shares, competitors with a solvent-based adhesives market share, detailed solvent-based adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based adhesives industry. This solvent-based adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solvent-based adhesives market size will grow from $13.48 billion in 2022 to $14.19 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. 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 global solvent-based adhesives market size is expected to grow from $17.23 billion in 2027 at a CAGR of 5.0%. The solvent-based adhesives market is expected to benefit from growth in the automobile manufacturing industry during the forecast period. There is a drive for the production of lightweight automobiles, which is leading to an increase in demand for adhesives and sealants. These adhesives and sealants are used in place of welded joints, mechanical fasteners, and gaskets and help reduce the weight of the automobile. Thus, the rising demand for lightweight automobiles is expected to increase the demand for solvent-based adhesives during the forecast period. Stringent safety regulations associated with the manufacturing and transportation of adhesive chemicals are acting as a restraint on the market. Adhesives are highly flammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this industry are required to invest in equipment, technologies, and processes to limit toxic levels and chemical contamination. These regulations increase operating costs for companies, thus limiting their investments for business growth. Companies in the solvent-based adhesives market are adopting IoT (Internet of Things) technologies to connect equipment and smart devices to gather real-time insights and optimize the manufacturing process. The data obtained is processed, analyzed, and interpreted by plant managers and senior-level management to improve quality and achieve optimum production levels. In November 2020, Pidilite Industries, an Indian adhesives manufacturing company, acquired Huntsman Corporation for $ 28558.8 million. Through this acquisition, Araldite will add to the already very strong portfolio of Pidilite Industries adhesives and sealants and will complement Pidilite Industries' retail portfolio. Huntsman Corporation is an American manufacturer and marketer of chemical products for consumers and industrial customers. Major players in the solvent-based adhesives market are 3M, Alfa International Corporation, Arkema Group (Bostik SA), Ashland Inc., Avery Dennison Corp., Everad Adhesives SAS, DowDuPont, H.B. Fuller Company, Henkel AG & Co. KGaA, and Huntsman Corp. Asia-Pacific was the largest region in the solvent-based adhesives market in 2022. North America was the second-largest region in the global solvent-based adhesives market. The regions covered in the global solvent-based adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent-based adhesives market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based adhesives market consists of the sales of contact adhesive, white glue, and rubber cement. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent-based adhesives market is segmented - 1) By Type: PolyurethanePU, Styrenic Block, Ethyl Vinly AcetateEVA 2) By End User Industry: Paper and Packaging, Building and Construction, Woodworking, Automotive and Transportation, Other End Use Industries 3) By Distribution Channel: Direct Sales, Distributor

The high purity solvents are used in the chromatography of gases and liquids. High purity solvents are synthetically-distilled organic chemicals that are manufactured using multistep purification processes to provide rapid, reproducible performance and separation in research and quality control applications. The main types of high purity solvents are acetone, acetonitrile, dimethyl sulfoxide, and others. Acetone provides a liquid solvent that can break down and dissolve other substances. The different categories include polar solvents and non-polar solvents and are applicable in liquid crystal displays, lithium-ion batteries, electroplating, polymer resins, catalysts, and other applications. It is employed in pharmaceuticals, chemicals, cosmetics and personal care, food and beverages, agriculture, paints and coatings, biotechnology, electrical and electronics, and other end-users. The high purity solvent market research report is one of a series of new reports from The Business Research Company that provides high purity solvent market statistics, including high purity solvent industry global market size, regional shares, competitors with a high purity solvent market share, detailed high purity solvent market segments, market trends and opportunities, and any further data you may need to thrive in the high purity solvent industry. This high purity solvent market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global high purity solvent market size grew from $50.98 billion in 2022 to $55.6 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. 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 high purity solvent market size is expected to grow to $77.17 billion in 2027 at a CAGR of 8.5%. The increasing demand for paints and coatings is expected to propel the growth of the high purity solvent market going forward. Paints and coatings refer to a liquid, liquefiable, or solid mastic material that solidifies after being applied to a substrate in a thin layer. High purity solvents are used to dissolve various components used in paint and coating formulations. For instance, in June 2021, according to the American Coatings Association, a US-based non-profit organization, the United States coating industry is contributing significant revenues to the US economy by exporting over $2.2 billion in coating products. Therefore, the increasing demand for paints and coatings is driving the growth of the high purity solvent market. The introduction of bio-derived products has emerged as a key trend gaining popularity in the high purity solvent market. Major companies operating in the high purity solvents sector are focused on developing bio-derived products to reinforce their position. For instance, in February 2022, Clariant, a Switzerland-based specialty chemicals company, launched its new Vita 100% bio-based surfactants and polyethylene glycols (PEGs) to help directly address climate change by removing fossil carbon from the value chain. Vita products are made with renewable feedstocks and have a Renewable Carbon Index of at least 98%. Designed for natural formulations with a high Renewable Carbon Index (RCI), the new Vita products assist manufacturers in increasing the bio-based carbon content of consumer goods such as detergents, hair and body shampoo, paint, industrial lubricants, and crop formulations. In May 2021, Aceto, a US-based pharmaceutical company, acquired Finar Limited for an undisclosed amount. With this acquisition, Aceto expands their product offerings for the biopharmaceutical, pharmaceutical, and vaccine end markets. Finar Chemicals is an India-based company operating in high purity solvents. Major players in the high purity solvent market are Exxon Mobil Corporation, BASF SE, Asahi Kasei Chemicals company, Linde plc, Thermo Fisher Scientific Inc., The Dow Jones Industrial Average, Evonik Industries AG, The Merck Group, Tedia Company, Mitsubishi Chemical Corporation, Akzo Nobel N.V., High Purity Laboratory Chemicals Pvt. Ltd., Apchem Life Science Pvt Ltd., Spectrum Chemical Mfg. Corp., and Central Drug Testing Laboratory. Asia-Pacific was the largest region in the high purity solvent market in 2022. Asia-Pacific is expected to be the fastest-growing region in the market. The regions covered in the high purity solvent market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the high purity solvent market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The high purity solvent market consists of sales of methyl alcohol, butyl alcohol, and 2,2,4-trimethylpentanemethyl alcohol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global high purity solvent market is segmented - 1) By Type: Acetone, Acetonitrile, Dimethyl Sulfoixde, Other Types 2) By Category: Polar Solvent, Non-Polar Solvent 3) By Applications: Liquid Crystal Displays, Lithium-Ion Batteries, Electroplating, Polymer Resins, Catalysts, Other Applications 4) By End-User: Pharmaceutical, Chemicals, Cosmetics and Personal Care, Food and beverages, Agriculture, Paints and Coatings, Biotechnology, Electrical and Electronics, Other End Users

Solvent-based inks are pigment inks that are mixed with volatile organic compounds (VOCs) such as hydrocarbons, alcohols, ketones, esters, and others that are waterproof and ultraviolet (UV) safe. They are relatively inexpensive and enable printing on flexible, uncoated vinyl substrates, which are used to produce vehicle graphics, billboards, 3D printed objects, banners, and adhesive decals. The main types of solvent-based printing inks are cellulose inks, epoxy inks, vinyl inks, vinyl-acrylic inks, and polyurethane inks. Epoxy inks are thermosetting resins capable of forming tight cross-linked polymer structures characterized by The printing technologies are lithographic, gravure, flexographic, screen-printing, letterpress, digital, and other printing technologies. The applications involved are labels and packaging, commercial printing, publication, and other applications. The solvent-based printing inks market research report is one of a series of new reports from The Business Research Company that provides solvent-based printing inks market statistics, including solvent-based printing inks industry global market size, regional shares, competitors with a solvent-based printing inks market share, detailed solvent-based printing inks market segments, market trends and opportunities, and any further data you may need to thrive in the solvent-based printing inks industry. This solvent-based printing inks market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global solvent-based printing inks market size will grow from $9.31 billion in 2022 to $9.54 billion in 2023 at a compound annual growth rate (CAGR) of 2.5%. 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, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global solvent-based printing inks market size is expected to grow from $10.66 billion in 2027 at a CAGR of 2.8%. 3D technology will be a driver of the solvent-based printing ink market during the forecast period. With a rise in worldwide interest in 3D printing technology from consumers, researchers, and industrial production, there is expected to be a high demand for 3D printing inks such as solvent-based inks. Unlike 2D inks, which are intended for the fabrication of planar surfaces, 3D inks are intended for the fabrication of volumetric constructs and devices. For instance, researchers at Dartmouth College developed a smart ink that turns 3D-printed structures into objects that can change shape and color. The ink aims to add even more functionality to 3D printing. Similarly, scientists at the Georgia Institute of Technology, Atlanta, developed a novel ink that, when combined with a new method of printing and with varying lighting, hardens the 3D printed object. A shortage of raw materials, resulting in their increasing market prices, is expected to negatively affect the solvent-based printing ink market. Printing ink companies globally are suffering from a shortage of raw materials, including resins, monomers, photoinitiators, oligomers, and additives. This is mainly due to raw material plant closures in China, a major source of these raw materials, as the country has placed significant emphasis on improving its environment by cutting industrial pollution. Due to the presence of strong refinery capacity and an associated chemical manufacturing ecosystem, China is dominant in the supply of printing inks. Market players have already started facing challenges due to shortages of raw materials. For instance, in July 2020, Sun Chemical, a global printing ink manufacturer, increased the prices of its solvent-based inks and coatings in North America due to an increase in the price of raw materials. Due to the high demand for alcohol and solvents for use in sanitizers and pharmaceutical initiatives, the prices of these materials have increased substantially and have also affected the manufacturing costs of solvent-based printing ink companies. Therefore, such instances are expected to restrain the market growth of solvent-based printing inks during the period. Solvent-based printing ink companies are introducing thermal inkjet inks to cater to the growing demand. Thermal inkjet printing induces the ejection of the ink droplet by superheating a small portion of solvent-based ink. The advantages of thermal inkjet printing include better performance, lower costs, and ink versatility, especially in photo printing applications. For instance, Collins Inkjet has developed a new solvent-based TIJ ink, Stratus. It has increased dot control, decap time, and optical density. Major players in the solvent-based printing inks market are Tokyo Printing Ink Mfg. Co. Ltd., Dainichiseika Color & Chemicals Mfg. Co. Ltd., Sun Chemical Corporation, Flint Group, Toyo Ink SC Holdings Co. Ltd., Lawter Inc., Yansefu Inks, Coatings Pvt. Ltd., Siegwerk Druckfarben AG & Co. KGaA, and Sakata INX Corporation. Western Europe was the largest region in the solvent-based printing inks market in 2022. Asia Pacific was the second-largest region in the global solvent-based printing inks market. The regions covered in the global solvent-based printing ink market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent-based printing inks market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The solvent-based inks market consists of the sales of hard solvent inks, and eco-solvent inks. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent-based printing inks market is segmented - 1) By Type: Cellulose Inks, Epoxy Inks, Vinyl Inks, Vinyl-Acrylic Inks, Polyurethane Inks 2) By Printing Technology: Lithographic, Gravure, Flexographic, Screen-Printing, Letterpress, Digital, Other Printing Technologies 3) By Application: Label & Packaging, Commercial Printing, Publication, Other Applications

Benzene refers to an aromatic hydrocarbon produced from cracked gasoline. It is highly flammable and has a sweet odor. Benzene is manufactured naturally by volcanoes and forest fires. The main manufacturing processes of benzene are pyrolysis steam cracking of naphtha, catalytic reforming of naphtha, toluene hydrodealkylation, toluene disproportionation, and biomass. toluene disproportionation to benzene from less valuable toluene. These are derived from ethylbenzene, cumene, alkylbenzene, aniline, chlorobenzene, cyclohexane, maleic anhydride, and other derivatives. Benzene is applied in plastics, resins, synthetic fibers, and rubber lubricants. The benzene market research report is one of a series of new reports from The Business Research Company that provides benzene market statistics, including benzene industry global market size, regional shares, competitors with a benzene market share, detailed benzene market segments, market trends and opportunities, and any further data you may need to thrive in the benzene industry. This benzene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global benzene-petrochemicals market size will grow from $65.57 billion in 2021 to $71.79 billion in 2022 at a compound annual growth rate (CAGR) of 9.5%. 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 global benzene-petrochemicals market size is expected to grow to $73.03 billion in 2026 at a CAGR of 0.4%. The increased use of styrene to drive the benzene market The benzene derivative ethylbenzene is majorly used in the manufacturing of styrene. Styrene is used in the production of various products, such as styrene-acrylonitrile (SAN), acrylonitrile-butadiene-styrene (ABS), polystyrene, styrene-butadiene elastomers, latexes, unsaturated polyester resins, among others. There is an increased demand for styrene-based polymers and copolymers in the automotive industry due to their lightweight nature. For instance, according to the American Chemistry Council (ACC), the fuel economy of a vehicle can improve by 6–8% by reducing the weight of a vehicle by 10%. Usage of plastics like styrene can reduce the weight of vehicles, thereby improving fuel economy. The use of styrene has also benefited manufacturers by reducing vehicle assembly time and costs. These advantages of the usage of styrene-based polymers and copolymers, especially in the automotive industry, are expected to contribute to the growth of the benzene market. Stringent safety regulations associated with the manufacture and transportation of benzene were a significant market restraint. Benzene is highly inflammable, toxic, and hazardous when exposed to extreme temperatures and pressures. Companies in this market should invest in equipment, technologies, and processes to limit the toxic levels and chemical concentrations as they may harm the environment and population. Humans, when exposed to benzene in the air for a certain amount of time, lose their lives. In order to provide a safe environment, government agencies limit the amount of benzene that can be released into the environment. For instance, the EPA (Environmental Protection Agency) has set the maximum permissible level of benzene in drinking water at 5 ppb (per billion parts of air). These regulations have increased the operating costs of companies in this industry, thus restricting their growth. Many companies in the benzene market are focusing on research and developmental activities to discover new technologies and processes for the production of benzene. The technologies developed are expected to help curb environmental issues. For instance, Reliance Industries Limited entered into a joint venture with the Indian Institute of Petroleum (IIP), Dehradun, to develop a technology that restricts benzene content in the gasoline pool to address health and environmental concerns. The increase in such technological advances to reduce emissions will gain traction and contribute to the growth of the market. in June 2020, Ineos, a UK-based chemicals company acquired chemical unit (aromatics and acetyls business) of BP plc for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand and enables operations synergies. BP plc is a UK-based oil and gas company. Major players in the benzene market are Ameriya Oil Ref. Co., Angarsk Petrochemical, Alexandria National Refining, and Petrochemicals Company (ANRPC), Arsol Aromatics GmbH & Co. KG, Atyrau Oil & Gas, Azerkhimija, BASF SE, Borealis AG, Bp PLC., and Braskem. The Asia-Pacific was the largest region in the benzene market in 2022. North America was the second-largest region in the global benzene-petrochemicals market. The regions covered in the global benzene-petrochemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the benzene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The benzene market consists of the sales of benzene used as an intermediary chemical in the production of plastics, resins, dyes, detergents, drugs, pesticides, nylons, and synthetic fibers. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global benzene market is segmented - 1) By Manufacturing Process: Pyrolysis Steam Cracking of Naphtha, Catalytic Reforming of Naphtha, Toluene Hydrodealkylation, Toluene Disproportionation, From Biomass 2) By Derivative: Ethylbenzene, Cumene, Alkylbenzene, Aniline, Chlorobenzene, Cyclohexane, Maleic Anhydride, Other Derivatives 3) By Application: Plastics, Resins, Synthetic Fibers, Rubber Lubricants

Toluene is a colorless flammable liquid obtained from coal tar or petroleum. It is used in aviation fuel and other high-octane fuels, dyestuffs, and explosives. Toluene is also used as a solvent for gums and lacquers. The main types of toluene are benzene and xylene, solvents, gasoline additives, TDI (toluene diisocyanate), trinitrotoluene, benzoic acid, and benzaldehyde. Benzoic acid is a white crystalline acid C6H5COOH that can be found naturally or synthesized. It is primarily used as a food preservative, an antifungal agent in pharmaceuticals, and in organic synthesis. The production processes are the reformation process, pig’s process, coke/coal process, and styrene process. The various applications are drugs, dyes, blending, cosmetic nail products, and other applications (TNT, pesticides, and fertilizers). The end-use industries are building and construction; automotive; oil and gas; and consumer appliances. The toluene market research report is one of a series of new reports from The Business Research Company that provides toluene market statistics, including toluene industry global market size, regional shares, competitors with a toluene market share, detailed toluene market segments, market trends and opportunities, and any further data you may need to thrive in the toluene industry. This toluene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global toluene market size will grow from $29.24 billion in 2022 to $29.89 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. 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 global toluene market size is expected to grow from $32.81 billion in 2027 at a CAGR of 2.4%. The emerging demand for aromatics in the petrochemical industry has contributed to the growth of the toluene market. Aromatics are petroleum-derived forms of hydrocarbons, composed primarily of carbon and hydrogen elements. Toluene is a common aromatic, used as a chemical feedstock, solvent, and fuel additive in the chemical industry. To cater to the growing demand, companies are investing in expanding their production capacity. For instance, in June 2020, Ineos, a UK-based chemicals company bought chemical unit (aromatics and acetyls business) of BP PLC., a UK-based oil and gas company for $5 billion along with its BP's Cooper River petrochemical plant in South Carolina among other facilities. This will enhance the production capacity of aromatics to cater to the market demand. Therefore, the growing demand for aromatics in end-use industries is driving the toluene market. Fluctuations in crude oil prices have always been a major challenge in the toluene market as selected fractions of petroleum are used as raw materials for producing toluene. Toluene prices are constantly changing owing to factors such as instability in the prices of crude oil and variations in demand and supply. For instance, according to the annual energy outlook 2021 report by the US Energy Information Administration, a principal agency responsible for collecting, analyzing, and disseminating energy information, the average Brent crude prices are expected to be at $61/bbl (barrel) in 2025, and $73/bbl in 2030. This rise will increase the operating expenses and thereby impact the growth of the toluene market. Toluene di-isocyanate is increasingly being used as a raw material in the manufacturing of flexible foam applications. Toluene di-isocyanate (TDI) is a chemical used in polyurethane production, especially in flexible foam applications such as furniture and bedding, and also in packaging applications. According to 'The Furnishing Report' in the UK, toluene di-isocyanate is one of the main ingredients used in the manufacturing of flexible polyurethane foams, one of the key components used in the UK furniture manufacturing industry. Increasing the use of toluene di-isocyanate will contribute to the growth of the market. In August 2021, LANXESS, a German specialty chemicals company acquired Emerald Kalama Chemical for $1.04 billion. The acquisition will boost the growth of LANXESS and strengthens its position in the market. Emerald Kalama Chemical is a US-based chemicals company that also processes toluene into chemicals for food, flavor, fragrance, and pharmaceutical industries. Major players in the toluene market are Exxon Mobil Corporation, Sinopec, Royal Dutch Shell PLC., Reliance Industries, BASF SE, Valero Energy, BP Chemicals, China National Petroleum, Mitsui Chemicals, Chevron Phillips, and Nova Chemicals. Asia-Pacific was the largest region in the toluene market in 2022. Middle East was the second-largest region in the global toluene market. The regions covered in the global toluene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the toluene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The toluene market consists of the sales of toluene used for glues, paints, paint thinners, printing ink, rubber, leather tanners, and silicone sealants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global toluene market is segmented - 1) By Type: Benzene and Xylene, Solvents, Gasoline Additives, TDI (Toluene diisocyanate), Trinitrotoluene, Benzoic acid, Benzaldehyde 2) By Production Process: Reformation Process, Pigs Process, Coke/Coal Process, Styrene Process 3) By Application: Drugs, Dyes, Blending, Cosmetic Nail Products, Other Applications (TNT, Pesticides, and Fertilizers) 4) By End User Industry: Building and Construction, Automotive, Oil and Gas, Consumer Appliances

Ethylene refers to an acyclic hydrocarbon which is a colorless, flammable gas with a faint sweet and musky odor when its pure. It is the simplest alkene widely used in industry and is also a plant hormone. The main feedstock types of ethylene include naphtha, ethane, propane, butane, and other feedstocks. Ethane is a colorless, odorless, gaseous hydrocarbon (a compound of hydrogen and carbon) belonging to the paraffin series. Ethylene has various applications that include polyethylene, ethylene oxide, ethylene benzene, ethylene dichloride, vinyl acetate, and alpha-olefins. These are used in the packaging, automotive, construction, agrochemical, and textile industries. The ethylene market research report is one of a series of new reports from The Business Research Company that provides ethylene market statistics, including ethylene industry global market size, regional shares, competitors with an ethylene market share, detailed ethylene market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene industry. This ethylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global ethylene market grew from $102.91 billion in 2022 to $105.71 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. 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 ethylene market is expected to grow to $117.93 billion in 2027 at a CAGR of 2.8%. During the historic period, increased demand for polythene products contributed to the ethylene market’s growth. Ethylene is mainly used in polyethylene products such as low-density polyethylene (LDPE), high-density polyethylene (HDPE), and linear low-density polyethylene (LLDPE). The polyethylene market has grown substantially due to the increased demand for plastic across the globe. The high penetration of plastics in electronic products and lightweight products in vehicles has increased the demand for plastics. According to the American Chemistry Council, the production of plastic resins, which serve as the foundation for all plastic products, climbed 0.9 percent in the United States in 2020, compared to 1.2 percent in 2019. These factors that have driven the adoption of polyethylene have impacted the growth of the ethylene market. Stringent government regulations related to the production and use of ethylene restrain the growth of the ethylene market. Ethylene is combustible and carcinogenic in nature, making it dangerous to the environment. It is highly explosive and can cause light-headedness, dizziness, and unconsciousness when exposed. Several countries are implementing legislation for environmental protection, which will put pressure on the companies involved in the production of ethylene. For instance, in January 2020, a group of 364 environmental and other non-governmental organizations filed a petition with the U.S. Environmental Protection Agency (EPA) to revise standards applicable to petro-plastics production facilities. The petition requests the EPA to impose unprecedented controls on such facilities. Moreover, globally, governments are banning single-use plastics to curb plastic waste. For instance, in January 2020, China announced its plans to ban single-use plastics and promote recycling and green packaging. The restrictions laid on production would hamper the growth of the market. Ethylene-producing companies are investing in ways to develop bio-based green polyethylene compounds. These plastics are easy to produce, consume less energy, and offer the same versatility as chemically synthesized plastic. Following the trend, Braskem, a Brazil-based biopolymer producer, partnered with LEGO Group, a Danish toy production company, to supply it with I’m greenT polyethylene. I’m greenT polyethylene is a plastic made from sugarcane that is 100% recyclable and contributes to the reduction of greenhouse gases. In January 2020, Indorama Ventures, a Thailand-based intermediate petrochemical company completed the acquisition of ethylene business of Huntsman Corporation for $2 billion. This acquisition added products such as ethylene, ethylene oxide, and monoethylene glycol, extending the product profile of Indorama Ventures, and will strengthen the PET feedstock supply chain and improve its position as a PET manufacturer. The deal gives Indorama Ventures access to a number of new derivative products, including propylene/PO derivatives, surfactants, ethanolamines, glycol ethers, and MTBE. Huntsman Corporation is a US-based manufacturer and marketer of chemical products. Major players in the ethylene market are AkzoNobel, BASF SE, Borealis, Chevron Phillips Chemical Company LLC., China Petrochemical Corporation, China Petroleum & Chemical Corporation, Clariant, Dow Chemical, Equistar Chemicals, and Exxon Mobil Corporation. The Asia-Pacific was the largest region in the ethylene market in 2022. North America was the second-largest region in the global ethylene market size. The regions covered in the global ethylene market size report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethylene market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The ethylene market consists of the sales of ethylene in different compounds such as polyethylene (plastics), ethylene oxide or ethylene glycol, ethylene dichloride, and styrene. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global ethylene market is segmented - 1) By Feedstock: Naphtha, Ethane, Propane, Butane, Other Feedstocks 2) By Application: Polyethylene, Ethylene oxide, Ethylene benzene, Ethylene dichloride, Vinyl Acetate, Alpha Olefins 3) By End User Industry: Packaging, Automotive, Construction, Agrochemical, Textile

The polyphenols refer to micronutrients found naturally in plants. Polyphenols are found in many supplements and can easily get into the diet through fruits, vegetables, teas, and spices. There are about 8,000 different forms of polyphenols, including flavonoids like quercetin and catechins found in fruits. Polyphenols may help prevent blood clots, lower blood sugar levels, and reduce the risk of heart disease. The main type of polyphenols are flavonoids, phenolic acids, stilbenes, and lignans. The flavonoids refer to a variety of natural compounds with varying phenolic structures. These natural compounds are widely known for their health benefits, and attempts are being undertaken to extract the chemicals known as flavonoids. The various source of polyphenols includes fruits, vegetables, whole grains, and beverages. The application of polyphenols includes food and beverage, dietary supplement, cosmetics, and pharmaceuticals. The polyphenols market research report is one of a series of new reports from The Business Research Company that provides Polyphenols market statistics, including polyphenols industry global market size, regional shares, competitors with polyphenols market share, detailed polyphenols market segments, market trends and opportunities, and any further data you may need to thrive in the polyphenols industry. This polyphenols market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global polyphenols market size grew from $1.87 billion in 2022 to $2.1 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. 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 polyphenols market size is expected to grow to $3.54 billion in 2027 at a CAGR of 13.9%. Rising awareness about the benefits of herbal products over synthetic drugs is significantly contributing to the growth of the polyphenols market. The usage of herbal medicines and polyphenols or nutraceuticals is quickly expanding across the world, with many individuals increasingly turning to these products for the treatment of various health concerns in various national healthcare settings. Recent years have clearly seen a tremendous increase in acceptance and public interest in natural therapies, both in developing and developed countries. For instance, in January 2020, according to a survey conducted by BioMed Central, a UK-based scientific journal published, from a survey conducted among 500 individuals, this survey found a significant 80.2% prevalence of using herbal products. Therefore, the rapid growth in awareness of herbal products is expected to boost demand for polyphenols during the forecast period. Product launches have emerged as a key trend gaining popularity in the polyphenols market. Many companies operating in polyphenols are developing new products with emerging technologies to meet the industry demand and strengthen their market position across the globe. For instance, in July 2022, Genosa, a Spain-based company engaged in the production of olive fruit-derived natural extracts high in hydroxytyrosol, launched phenol-rich olive fruit extract. The amount of polyphenols in Hytolive Infinity is standardized by up to 25% and amounts to about 1,000 parts per million (ppm). Because it doesn't contain any emulsifiers, additives, or solvents, the company's modified process technology allows it to produce high purity hydroxytyrosol, which is more stable and adaptable. In February 2022, ABF Ingredients is a UK-based provider of innovative, differentiated, and value-added products and services acquired Fytexia for an undisclosed amount. This acquisition will broaden ABFI's product and capability range in order to better serve the pharmaceutical, nutritional, and food business sectors. Fytexia is a France-based, expert life science company in developing scientifically-supported active nutrients for healthcare products. Major players in the polyphenols market are Archer Daniels Midland Company, Cargill, Inc., Diana Naturals SAS (Diana Food), Frutarom Health, Glanbia Nutritionals, Inc., Kemin Industries, Inc., Naturex SA, Sabinsa Corporation, Amax NutraSource, Inc., Barry Callebaut AG, Blue California, Chr. Hansen Holding A/S, Guilin Layn Natural Ingredients Corp., and Herza Schokolade GmbH & Co. KG. Asia-Pacific was the largest region in the polyphenols market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyphenols market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the polyphenols market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The polyphenols market consists of sales of polyphenolic amides and resveratrol. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global polyphenols market is segmented - 1) By Type: Flavonoids, Phenolic Acids, Stilbenes, Lignans 2) By Source: Fruits, Vegetables, Whole Grains 3) By Application: Food & Beverage, Dietary Supplement, Cosmetics, Pharmaceuticals