High Purity Solvent Global Market Report 2022 – By Type (Acetone, Acetonitrile, Dimethyl Sulfoixde, Other Types), By Category (Polar Solvent, Non-Polar Solvent), By Applications (Liquid Crystal Displays, Lithium-Ion Batteries, Electroplating, Polymer Resins, Catalysts, Other Applications), By End-User (Pharmaceutical, Chemicals, Cosmetics and Personal Care, Food and beverages, Agriculture, Paints and Coatings, Biotechnology, Electrical and Electronics, Other End Users) – Market Size, Trends, And Global Forecast 2022-2026

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The high purity solvent market consists of sales of high purity solvents by entities (organizations, sole traders, and partnerships) that 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 is expected to grow from $46.56 billion in 2021 to $50.47 billion in 2022 at a compound annual growth rate (CAGR) of 8.4%. The global high purity solvents market size is expected to grow to $66.71 billion in 2026 at a CAGR of 7.2%.

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 April 2019, Merck, a US-based company operating in the high purity solvents market, launched a new greener solvent, Cyrene. Cyrene is a bio-derived product that is a more sustainable alternative and safer product for-Methyl-2-pyrrolidone and Dimethylformamide solvents. The product uses 12 principles of green chemistry that were developed by thought leaders Paul T. Anastas and John C. Warner as a framework for its green chemistry practice.

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 2021. The regions covered in the global high purity solvents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the global high purity solvent market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The global high purity solvent market is segmented -

1) By Type: Acetone, Acetonitrile, Dimethyl Sulfoixde, Others

2) By Category: Polar Solvent, Non-Polar Solvent

3) By Applications: Liquid Crystal Displays, Lithium-Ion Batteries, Electroplating, Polymer Resins, Catalysts, Others

4) By End-User: Pharmaceutical, Chemicals, Cosmetics and Personal Care, Food and Beverages, Agriculture, Paints and Coatings, Biotechnology, Electrical and Electronics, Others

    Table Of Contents

    1. Executive Summary

    2. High Purity Solvent Market Characteristics

    3. High Purity Solvent Market Trends And Strategies

    4. Impact Of COVID-19 On High Purity Solvent

    5. High Purity Solvent Market Size And Growth

    5.1. Global High Purity Solvent Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global High Purity Solvent Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. High Purity Solvent Market Segmentation

    6.1. Global High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Acetone

    Acetonitrile

    Dimethyl Sulfoixde

    Other Types

    6.2. Global High Purity Solvent Market, Segmentation By Category, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Polar Solvent

    Non-Polar Solvent

    6.3. Global High Purity Solvent Market, Segmentation By Applications, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Liquid Crystal Displays

    Lithium-Ion Batteries

    Electroplating

    Polymer Resins

    Catalysts

    Other Applications

    6.4. Global High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Pharmaceutical

    Chemicals

    Cosmetics and Personal Care

    Food and beverages

    Agriculture

    Paints and Coatings

    Biotechnology

    Electrical and Electronics

    Other End-Users

    7. High Purity Solvent Market Regional And Country Analysis

    7.1. Global High Purity Solvent Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global High Purity Solvent Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific High Purity Solvent Market

    8.1. Asia-Pacific High Purity Solvent Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8.3. Asia-Pacific High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China High Purity Solvent Market

    9.1. China High Purity Solvent Market Overview

    9.2. China High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    9.3. China High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India High Purity Solvent Market

    10.1. India High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    10.2. India High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan High Purity Solvent Market

    11.1. Japan High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11.2. Japan High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia High Purity Solvent Market

    12.1. Australia High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12.2. Australia High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia High Purity Solvent Market

    13.1. Indonesia High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13.2. Indonesia High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea High Purity Solvent Market

    14.1. South Korea High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14.2. South Korea High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe High Purity Solvent Market

    15.1. Western Europe High Purity Solvent Market Overview

    15.2. Western Europe High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15.3. Western Europe High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK High Purity Solvent Market

    16.1. UK High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16.2. UK High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany High Purity Solvent Market

    17.1. Germany High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17.2. Germany High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France High Purity Solvent Market

    18.4. France High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18.5. France High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe High Purity Solvent Market

    19.1. Eastern Europe High Purity Solvent Market Overview

    19.2. Eastern Europe High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19.3. Eastern Europe High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia High Purity Solvent Market

    20.1. Russia High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20.2. Russia High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America High Purity Solvent Market

    21.1. North America High Purity Solvent Market Overview

    21.2. North America High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21.3. North America High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA High Purity Solvent Market

    22.1. USA High Purity Solvent Market Overview

    22.2. USA High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22.3. USA High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America High Purity Solvent Market

    23.1. South America High Purity Solvent Market Overview

    23.2. South America High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23.3. South America High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil High Purity Solvent Market

    24.1. Brazil High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24.2. Brazil High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East High Purity Solvent Market

    25.1. Middle East High Purity Solvent Market Overview

    25.2. Middle East High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25.3. Middle East High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa High Purity Solvent Market

    26.1. Africa High Purity Solvent Market Overview

    26.2. Africa High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26.3. Africa High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. High Purity Solvent Market Competitive Landscape And Company Profiles

    27.1. High Purity Solvent Market Competitive Landscape

    27.2. High Purity Solvent Market Company Profiles

    27.2.1. Exxon Mobil Corporation

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. BASF SE

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Asahi Kasei Chemicals company

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Linde plc

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Thermo Fisher Scientific Inc.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The High Purity Solvent Market

    29. High Purity Solvent Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global High Purity Solvent Market, Segmentation By Category, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global High Purity Solvent Market, Segmentation By Applications, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global High Purity Solvent Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global High Purity Solvent Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: Asia-Pacific, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: China, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: China, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: India, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: India, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: Japan, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Japan, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: Australia, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Australia, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: Indonesia, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Indonesia, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: South Korea, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: South Korea, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: Western Europe, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: Western Europe, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: UK, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: UK, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Germany, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: Germany, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 29: France, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 30: France, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 31: Eastern Europe, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 32: Eastern Europe, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 33: Russia, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 34: Russia, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 35: North America, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 36: North America, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 37: USA, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 38: USA, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 39: South America, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 40: South America, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 41: Brazil, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 42: Brazil, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 43: Middle East, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 44: Middle East, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 45: Africa, High Purity Solvent Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 46: Africa, High Purity Solvent Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 47: Exxon Mobil Corporation Financial Performance
  • Table 48: BASF SE Financial Performance
  • Table 49: Asahi Kasei Chemicals company Financial Performance
  • Table 50: Linde plc Financial Performance
  • Table 51: Thermo Fisher Scientific Inc. Financial Performance

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