Precision Business Insights has published a report on the global oxygenated solvents market, estimating its value at USD 24,509 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/oxygenated-solvents-market
The oxygenated solvents market is a global business focusing on solvents that contain oxygen in their chemical structure, such as alcohols, ketones, esters, glycols, and glycol ethers. These solvents are commonly utilized due to their high solubility, low toxicity, and biodegradability.
Drivers:
- Growth in pharmaceuticals and personal care – These solvents are used in drug formulation and cosmetic products due to their low toxicity and high purity, aligning with rising consumer health awareness.
- Emerging economies driving consumption – Countries like China, India, and Brazil are seeing rapid industrialization, which is fueling demand across multiple end-use sectors.
The global oxygenated solvents market segmentation:
1) By Source: Bio Solvents, Green Solvents, Conventional Solvents
2) By Product Type: Alcohols, Glycols, Ketones, Esters, Glycol Ethers Others
3) By Application: Agrochemicals, Cosmetics and Personal Care, Aromas and Fragrances, Paints and Coatings, Cleaning Products, Pharmaceuticals and Chemicals, Electrical and Electronics, Food and Beverages Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the oxygenated solvents market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the oxygenated solvents market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like The Dow Chemical Company, BASF SE, Arkema S.A., ExxonMobil Corporation, Oxea GmbH, LyondellBasell, Solvay SA, LG Chem Ltd., Celanese Corporation, Royal Dutch Shell
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