Article -> Article Details
| Title | Solvent Market Size, Trends, Industry Share and Forecast Report 2026-2034 |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Solvent Market |
| Owner | akshaykumar |
| Description | |
| Market Overview The global solvent market was valued
at USD 51.8 Billion in 2025 and is projected to reach USD 71.7 Billion by 2034,
growing at a CAGR of 3.57% during 2026-2034. Demand is driven by various
industries including pharmaceuticals, paints and coatings, adhesives, and
personal care, along with advancements in manufacturing techniques and the
growing adoption of eco-friendly solvents. Asia Pacific is the largest market
region, holding over 42.7% share in 2025. Study Assumption Years
Solvent Market Key Takeaways
Sample Request Link: https://www.imarcgroup.com/solvent-market/requestsample Market Growth Factors The pharmaceutical, paints and coatings, adhesives and
sealants, and personal care
industries drive the demand for solvents. The automotive and construction
industries have also driven an increase in demand for surface coatings and
cleaning agents that use
solvents. Demand for sustainable and bio-based solvents, supported by environmental regulations and
sustainability initiatives, is expected to drive market growth. For instance,
in 2024, Syensqo Ventures invested USD 2.1 Million
in Bioeutectics. The company offers renewable and biodegradable natural deep
eutectic solvents as a substitute for petrochemical solvents, which will help
in market growth. Technological developments have also contributed to recent
growth in the solvents market, including low VOC and non-toxic alternatives, as
well as solvent recycling and recovery technologies. In 2023, Clariter and
TotalEnergies Fluids launched the world's first sustainable ultra-pure solvent
produced from plastic waste, presenting some of the advanced technology driving
the solvents market in both developed and developing markets. Growing demand for paints and coatings drives solvent
demand. High temperature resistance, mechanical durability, and low cost make
these solvents valuable in paints and coatings to prevent agglomeration. The
growth of construction and building activity in developing countries like China
and India and advanced nations like the US is expected to augment the
consumption of solvents. Infrastructure growth programs are expected to affect
the market positively. According to
the India Brand Equity Foundation, the paints and coatings
industry in India was valued at around USD 7.57 Billion in 2023. Market Segmentation By Product:
By Source:
By Application:
Regional Insights Asia Pacific is the dominant region in the solvent market,
holding over 42.7% market share in 2025. This leadership is attributed to
rising demand in home care, personal care, and cosmetics industries propelled
by urbanization and changing lifestyles. Increasing construction investments
and industrialization in countries like China and India further underpin market
growth, accompanied by expanding paints, coatings, and adhesive sectors. Recent Developments & News
Key Players
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part of the customization. Request For Customization: https://www.imarcgroup.com/request?type=report&id=5015&flag=E About Us IMARC Group is a global management consulting firm that
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