Solvents Market by Type (Oxygenated, Hydrocarbon, Halogenated), Application (Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Agricultural Chemicals), Source (Natural, Derived), and Region - Global Forecast to 2029
상품코드:1688890
리서치사:MarketsandMarkets
발행일:2025년 03월
페이지 정보:영문 343 Pages
라이선스 & 가격 (부가세 별도)
ㅁ Add-on 가능: 고객의 요청에 따라 일정한 범위 내에서 Customization이 가능합니다. 자세한 사항은 문의해 주시기 바랍니다.
한글목차
세계 용제 시장 규모는 2024년 350억 7,000만 달러에서 2029년 434억 3,000만 달러에 이를 것으로 추정되며 CAGR 4.4%의 성장이 예상됩니다. 용제 시장은 바이오 환경 친화적인 용제로의 전환으로 인해 수요가 크게 증가하고 있습니다. 세계 정부와 규제 기관은 VOC 및 유해 대기 오염 물질에 대한 규제를 강화하고 있습니다. 그 결과 기업은 개정된 기준을 충족하는 용제를 찾게 되었습니다. 환경 친화적인 용제는 이러한 기업의 지속가능성 목표와 녹색 인증에 부합하기 때문에 점점 더 많은 수요가 증가하고 있습니다.
조사 범위
조사 대상 연도
2018-2029년
기준 연도
2023년
예측 기간
2024-2029년
단위
100만 달러
부문
유형, 용도, 기원, 지역
대상 지역
아시아태평양, 북미, 유럽, 중동, 아프리카, 남미
"할로겐계 용제 부문이 예측 기간에 용제 시장에서 3번째로 급성장하는 부문이 될 전망입니다."
강한 용해력이 할로겐계 용제의 특징이며, 염화메틸렌, 클로로포름, 트리클로로에틸렌 등의 염소계 용제가 포함됩니다. 유기물을 녹이는 효과가 높기 때문에 다른 용제로는 대응할 수 없는 분야에서도 이용할 수 있습니다. 자동차 산업 및 항공우주 산업에서 탈지 및 세척과 같은 엄격한 작업이 필요한 상황에서는 화학적 안정성과 열화에 대한 내성으로 매우 적합합니다.
"퍼스널케어 부문이 2023년에 금액 기준으로 용제 시장 3위의 용도가 되었습니다."
퍼스널케어 부문은 용제가 폭넓은 퍼스널케어 제품의 처방이나 제조 공정에 필수적인 성분이기 때문에 용제 시장에서 3번째로 큰 용도가 되고 있습니다. 여기에는 화장품, 스킨 케어, 헤어 케어, 오랄 케어 등이 포함되며, 이들은 원하는 일관성, 안정성 및 성능을 얻기 위해 용매가 필요합니다. 용매는 비타민, 펩티드, 보습제 등의 활성 화합물의 분산을 촉진하여 제품 전체에 균일하게 퍼져 원하는 치료 효과와 미용 효과를 제공합니다.
"합성 유래 부문은 2023년 금액 기준으로 용매 시장의 가장 큰 부문이였습니다."
합성 유래 부문은 용매 시장에서 가장 큰 유래가 되었습니다. 다양한 산업 요구에 대응할 수 있는 다양성이 그 우위성의 주요 요인 중 하나입니다. 예를 들어, 석유계 용매는 비극성 탄화수소에서 에스테르 및 케톤과 같은 극성 유형에 이르기까지 광범위한 화학적 특성을 제공합니다. 합성 용매는 정확한 증발 속도, 용해도, 화학적 안정성이 필요한 부서의 요구에 맞게 조정할 수 있습니다. 이 유연성은 합성 용매의 효능을 더욱 향상시킵니다.
"유럽은 금액 기준으로 용제 시장의 3위 지역이었습니다."
유럽의 용제 시장은 비교적 성숙하며 아시아태평양 및 중동 및 아프리카의 개발 도상 시장보다 성장이 느립니다. 유럽에는 많은 화학 생산 플랜트와 고급 제조 시설이 있으며, 용매에 대한 큰 수요가 탄생했습니다. 이 지역의 산업 기반은 광범위하게 접착제, 페인트 및 코팅, 세정 용품, 자동차, 의약품 등의 산업이 포함됩니다. 용매는 제조 공정에서 최종 제품에 이르기까지 이러한 모든 산업에서 다양한 목적으로 널리 사용됩니다.
이 보고서는 세계 용제 시장에 대한 조사 분석을 통해 주요 촉진요인과 억제요인, 경쟁 구도, 미래 동향 등에 대한 정보를 제공합니다.
목차
제1장 서론
제2장 조사 방법
제3장 주요 요약
제4장 중요 인사이트
용제 시장의 기업에게 매력적인 기회
아시아태평양 용제 시장 : 용도별, 국가별
용제 시장 :지역별
용제 시장 : 유형별, 지역별
용제 시장 : 국가별
제5장 시장 개요
소개
시장 역학
성장 촉진요인
억제요인
기회
과제
Porter's Five Forces 분석
주요 이해관계자와 구매 기준
거시경제지표
제6장 산업 동향
공급망 분석
가격 분석
주요 기업의 평균 판매 가격 동향 : 용도별
평균 판매 가격의 동향 :지역별
고객사업에 영향을 주는 동향/혼란
생태계 분석
사례 연구 분석
기술 분석
주요 기술
보완 기술
무역 분석
수입 시나리오(HS 코드 381400)
수출 시나리오(HS 코드 381400)
규제 상황
주된 회의와 이벤트(2024-2025년)
투자와 자금조달 시나리오
특허 분석
접근
문헌의 유형
주요 출원자
관할분석
용제 시장에 대한 AI/생성형 AI의 영향
제7장 용제 시장 : 유래별
소개
천연 유래
합성 유래
제8장 용제 시장 : 유형별
소개
산소계 용제
탄화수소 용제
할로겐계 용제
제9장 용제 시장 : 용도별
소개
페인트 및 코팅
의약품
접착제
인쇄용 잉크
퍼스널케어
금속 세척
폴리머 및 고무 제조
농약
기타 용도
제10장 용제 시장 :지역별
소개
아시아태평양
중국
일본
인도
한국
인도네시아
유럽
독일
프랑스
이탈리아
러시아
스페인
영국
벨기에
북미
미국
캐나다
멕시코
중동 및 아프리카
GCC 국가
터키
이란
남아프리카
남미
브라질
아르헨티나
제11장 경쟁 구도
개요
주요 기업/강점
시장 점유율 분석(2023년)
수익 분석(2019-2023년)
기업의 평가 매트릭스: 주요 기업(2023년)
기업의 평가 매트릭스: 스타트업/중소기업(2023년)
브랜드/제품 비교
기업 평가 및 재무 지표
경쟁 시나리오
제12장 기업 프로파일
주요 기업
SHELL PLC
BASF SE
EXXON MOBIL CORPORATION
LYONDELLBASELL INDUSTRIES HOLDINGS BV
EASTMAN CHEMICAL COMPANY
ASHLAND GLOBAL HOLDINGS INC.
CELANESE CORPORATION
HUNTSMAN INTERNATIONAL LLC
SOLVAY SA
HONEYWELL INTERNATIONAL INC.
BP PLC
INEOS GROUP HOLDINGS SA
스타트업/중소기업
TOTALENERGIES SE
SASOL
ARKEMA SA
BHARAT PETROLEUM CORPORATION LIMITED
CARGILL
CHEVRON PHILLIPS CHEMICAL COMPANY LLC
DOW INC.
FLOTEK INDUSTRIES, INC.
INVISTA SA RL
MONUMENT CHEMICAL
OLIN CORPORATION
RELIANCE INDUSTRIES LIMITED
THAIOIL SOLVENT CO., LTD.
제13장 인접 시장과 관련 시장
소개
제한
페인트 및 코팅 시장
시장의 정의
시장 개요
페인트 및 코팅 시장 :지역별
유럽
북미
아시아태평양
중동 및 아프리카
남미
제14장 부록
JHS
영문 목차
영문목차
"In terms of value, the solvents market is estimated to grow from USD 35.07 billion in 2024 to USD 43.43 billion by 2029, at a CAGR of 4.4%. The market for solvents is experiencing a significant increase in demand due to the shift toward bio-based and environmentally friendly solvents. The government and regulatory bodies worldwide have been stricter on VOCs and hazardous air pollutants. This has resulted in companies' quest for solvents that meet the revised standards. Environmentally friendly options are becoming increasingly in demand as they align with these corporate sustainability goals and green certifications.
Scope of the Report
Years Considered for the Study
2018-2029
Base Year
2023
Forecast Period
2024-2029
Units Considered
Value (USD Million)
Segments
Type, Application, Source, and Region
Regions covered
Asia Pacific, North America, Europe, Middle East & Africa, and South America
"Halogenated solvents segment is projected to be the third-fastest growing segment of solvents market, during the forecast period"
The halogenated solvents segment is estimated to be the third-fastest growing segment of solvents market, during the forecast period. Strong solvency power is a property of halogenated solvents, among which are the chlorinated solvents such as methylene chloride, chloroform, and trichloroethylene. They find application in areas where other types of solvents could not, since these are very effective at dissolving organic materials. For situations that require rigorous operations, such as degreasing and cleaning in the automotive and aerospace industries, they become quite suitable because of their chemical stability and resistance to degradation.
"Personal care segment was the third largest application of solvents market, in terms of value, in 2023."
The personal care segment stands as the third-largest application in the solvents market as they are the vital ingredient in the formulation and manufacturing process in a wide array of personal care products. These include cosmetics, skincare, hair care, and oral care, among other products, which need solvents to get the desired consistency, stability, and performance. Solvents ensure that the active compounds, including as vitamins, peptides, and moisturizers, are distributed uniformly throughout the product by facilitating their dispersion to provide the desired therapeutic and cosmetic effects.
"Derived sources segment was the largest source of solvents market, in terms of value, in 2023."
The derived sources segment stands as the largest source in the solvents market. The versatility of derived sources in meeting diverse industrial needs is one of the main factors contributing to their supremacy. For example, petroleum-based solvents provide a wide range of chemical characteristics, ranging from non-polar hydrocarbons to more polar types such as esters and ketones. Synthetic solvents can be tailored to meet the requirements of sectors that require solvents with exact evaporation rates, solubility, or chemical stability. This flexibility further increases the effectiveness of synthetic solvents.
"Europe was the third largest region in the solvents market, in terms of value."
Europe was the third-largest region in the solvents market, in terms of value, in 2023. The solvents market in the region is comparatively mature, growing slower than the developing markets in the Asia-Pacific region or even in the Middle East and Africa. Europe possesses many chemical production plants and advanced manufacturing facilities, which creates a significant need for solvents. The industrial foundation of the region is broad and includes industries like adhesives, paints & coatings, cleaning goods, automobiles, and pharmaceuticals. Solvents are used extensively in all these industries for a variety of purposes, from manufacturing procedures to finished goods.
By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
By Designation: Directors - 50%, Managers - 30%, and Others - 20%
By Region: North America - 40%, Europe - 35%, Asia Pacific - 20%, Rest of World - 5%
The key players profiled in the report include Shell plc (UK), BASF SE (Germany), Exxon Mobil Corporation (US), LyondellBasell Industries Holdings B.V. (Netherlands), Eastman Chemical Company (US), Ashland Global Holdings Inc. (US), Celanese Corporation (US), Huntsman International LLC (US), Solvay SA (Belgium), Honeywell International Inc. (US), BP p.l.c. (UK), and INEOS Group Holdings S.A. (UK).
Research Coverage
This report segments the market for solvents based on type, application, and region and provides estimations of value (USD Million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies, associated with the market for solvents.
Reasons to Buy this Report
This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the solvents market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on solvents offered by top players in the global market
Analysis of key drivers: (Rapid industrial growth, Expansion of paints and coatings industry, Rising workplace hygiene initiatives), restraints (Stringent regulations related to use of solvents), opportunities (Increasing demand for green and bio-based solvents, Economic growth in developing countries), and challenges (Fluctuating raw material prices) influencing the growth of solvents
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the solvents market
Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for solvents across regions.
Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global solvents market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the solvents market"
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.3.5 UNIT CONSIDERED
1.4 STAKEHOLDERS
1.5 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary participants
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.3 DATA TRIANGULATION
2.4 GROWTH FORECAST
2.4.1 SUPPLY-SIDE ANALYSIS
2.4.2 DEMAND-SIDE ANALYSIS
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
2.7 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SOLVENTS MARKET
4.2 ASIA PACIFIC SOLVENTS MARKET, BY APPLICATION AND COUNTRY
4.3 SOLVENTS MARKET, BY REGION
4.4 SOLVENTS MARKET, BY TYPE VS. REGION
4.5 SOLVENTS MARKET, BY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rapid industrial growth
5.2.1.2 Expansion of paints & coatings industry
5.2.1.3 Rising workplace hygiene initiatives
5.2.1.4 Technological advancements in chemical processing
5.2.2 RESTRAINTS
5.2.2.1 Stringent regulations related to use of solvents
5.2.2.2 Shift toward water-based and eco-friendly solvents
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing demand for green and bio-based solvents
5.2.3.2 Economic growth in developing countries
5.2.3.3 Expansion in pharmaceutical and healthcare industries
5.2.4 CHALLENGES
5.2.4.1 Fluctuating raw material prices
5.2.4.2 Health and safety concerns
5.3 PORTER'S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 KEY STAKEHOLDERS AND BUYING CRITERIA
5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.4.2 BUYING CRITERIA
5.5 MACROECONOMIC INDICATORS
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
6 INDUSTRY TRENDS
6.1 SUPPLY CHAIN ANALYSIS
6.2 PRICING ANALYSIS
6.2.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION
6.2.2 AVERAGE SELLING PRICE TREND, BY REGION
6.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.4 ECOSYSTEM ANALYSIS
6.5 CASE STUDY ANALYSIS
6.5.1 EXXONMOBIL CHEMICAL'S STRATEGIC DIVERSIFICATION IN SOLVENTS PORTFOLIO
6.5.2 DOW INC.'S ADVANCED SOLVENT SOLUTIONS FOR HIGH-PERFORMANCE COATINGS
6.5.3 BASF'S INNOVATION IN ECO-FRIENDLY SOLVENTS
6.5.4 ADEKA CORPORATION INNOVATION IN ECO-FRIENDLY SOLVENTS
6.6 TECHNOLOGY ANALYSIS
6.6.1 KEY TECHNOLOGIES
6.6.1.1 Solvent recycling and reuse technology
6.6.1.2 Green solvent technology
6.6.2 COMPLEMENTARY TECHNOLOGIES
6.6.2.1 Supercritical fluid technology
6.6.2.2 Water-Based & low-VOC solvents technology
6.7 TRADE ANALYSIS
6.7.1 IMPORT SCENARIO (HS CODE 381400)
6.7.2 EXPORT SCENARIO (HS CODE 381400)
6.8 REGULATORY LANDSCAPE
6.8.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.9 KEY CONFERENCES AND EVENTS, 2024-2025
6.10 INVESTMENT AND FUNDING SCENARIO
6.11 PATENT ANALYSIS
6.11.1 APPROACH
6.11.2 DOCUMENT TYPES
6.11.3 TOP APPLICANTS
6.11.4 JURISDICTION ANALYSIS
6.12 IMPACT OF AI/GEN AI ON SOLVENTS MARKET
7 SOLVENTS MARKET, BY SOURCE
7.1 INTRODUCTION
7.2 NATURAL SOURCES
7.3 DERIVED SOURCES
7.3.1 PETROLEUM-BASED SOURCES
7.3.2 SYNTHETIC SOURCES
8 SOLVENTS MARKET, BY TYPE
8.1 INTRODUCTION
8.2 OXYGENATED SOLVENTS
8.2.1 HIGH SOLVENCY POWER AND LOW VOC CONTENT TO DRIVE DEMAND
8.2.2 ALCOHOLS
8.2.2.1 Excellent solvency properties to fuel demand
8.2.2.2 Methanol
8.2.2.2.1 Rising use in chemical manufacturing to propel market
8.2.2.3 Ethanol
8.2.2.3.1 High versatility to drive demand
8.2.2.4 Propanol
8.2.2.4.1 Growing automotive and construction industries to boost demand
8.2.2.4.2 Isopropanol
8.2.2.4.3 N-propanol
8.2.2.5 Butanol
8.2.2.5.1 Rising use in personal care products to drive demand
8.2.2.5.2 Isobutanol
8.2.2.5.3 N-butanol
8.2.3 GLYCOLS
8.2.3.1 High demand for propylene glycol in pharmaceutical and personal care industries to drive market
8.2.3.2 Ethylene glycol
8.2.3.2.1 High demand for mono-ethylene glycol in printing inks, chemical separation, and cleaning applications to drive market
8.2.3.2.2 Monoethylene glycol (MEG)
8.2.3.2.3 Diethylene glycol (DEG)
8.2.3.2.4 Triethylene glycol (TEG)
8.2.3.3 Propylene glycol
8.2.3.3.1 Non-toxic nature of propylene glycol to drive demand
8.2.4 GLYCOL ETHERS
8.2.4.1 High boiling point and favorable solvent properties to drive demand
8.2.4.2 E-series glycol ethers
8.2.4.2.1 Excellent solvency, chemical stability, and compatibility with water to boost market growth
8.2.4.3 P-series glycol ethers
8.2.4.3.1 Rising use of p-series glycol ethers in various applications to propel market
8.2.4.4 Butyl glycol ethers
8.2.4.4.1 Increasing demand in cosmetics, agricultural chemicals, and paints & coatings applications to fuel demand
8.2.5 KETONES
8.2.5.1 Rising demand in manufacturing explosives, lacquers, paints, and textiles sector to propel market
8.2.5.2 Acetone
8.2.5.2.1 Growing demand in paper and pharmaceutical applications to drive market
8.2.5.3 Methyl ethyl ketone (MEK)
8.2.5.3.1 Increasing use in adhesives, printing inks, and magnetic tapes to drive market
8.2.5.4 Methyl isobutyl ketone (MIBK)
8.2.5.4.1 Growing adoption of MIBK as industrial and hard surface cleaners to fuel market growth
8.2.6 ESTERS
8.2.6.1 Use in fragrances, cosmetics, and personal care, and as processing solvents in pharmaceutical industry to drive demand
8.2.6.2 Ethyl acetate
8.2.6.2.1 Low toxicity and cost and pleasant odor to fuel demand
8.2.6.3 Butyl acetate
8.2.6.3.1 Increasing applications in chemical and pharmaceutical industries to drive market
8.3 HYDROCARBON SOLVENTS
8.3.1 ABILITY TO ELIMINATE WASTEWATER PRODUCTION AND RECYCLABILITY FEATURE TO DRIVE DEMAND
8.3.2 ALIPHATIC SOLVENTS
8.3.2.1 Use of pentane, isopentane, hexane, cyclohexane, and octane in various applications to drive market
8.3.3 AROMATIC SOLVENTS
8.3.3.1 High use in paints & coatings, personal care, and adhesives to fuel market growth
8.3.3.2 Toluene
8.3.3.2.1 Rising vehicle sales to drive demand
8.3.3.3 Xylene
8.3.3.3.1 Use of xylene as industrial solvent to drive market
8.3.3.3.2 Para-xylene
8.3.3.3.3 Mixed-xylene
8.3.3.4 Ethylbenzene
8.3.3.4.1 Use of ethylbenzene in adhesives and inks to boost market growth
8.4 HALOGENATED SOLVENTS
8.4.1 RISING DEMAND IN METAL CLEANING APPLICATIONS TO DRIVE MARKET
8.4.2 METHYLENE CHLORIDE
8.4.2.1 Use in production of pharmaceuticals, chemicals, and polymers to drive market
8.4.3 TRICHLOROETHYLENE
8.4.3.1 Restrictions on use in Europe and North America to hamper demand
8.4.4 PERCHLOROETHYLENE
8.4.4.1 Restrictions on use in dry cleaning industry and high toxicity to hinder market growth
9 SOLVENTS MARKET, BY APPLICATION
9.1 INTRODUCTION
9.2 PAINTS & COATINGS
9.2.1 EXTENSIVE USE OF PAINTS & COATINGS IN VARIOUS INDUSTRIES AND SECTORS TO FUEL MARKET GROWTH
9.3 PHARMACEUTICALS
9.3.1 HIGH SIGNIFICANCE OF SOLVENTS IN DRUG FORMULATIONS TO DRIVE DEMAND
9.4 ADHESIVES
9.4.1 NEED FOR PRECISE CONTROL OVER ADHESIVE VISCOSITY AND CONSISTENCY TO PROPEL DEMAND
9.5 PRINTING INKS
9.5.1 RAPID ADVANCEMENTS IN PRINTING TECHNOLOGIES TO DRIVE DEMAND
9.6 PERSONAL CARE
9.6.1 INCREASING CONSUMER PREFERENCE FOR AESTHETICALLY APPEALING PRODUCTS TO FUEL DEMAND
9.7 METAL CLEANING
9.7.1 INCREASING USE OF ORGANIC AND AQUEOUS SOLVENTS TO CLEAN METAL PARTS AND COMPONENTS TO DRIVE MARKET
9.8 POLYMER & RUBBER MANUFACTURING
9.8.1 VITAL ROLE OF SOLVENTS IN DISSOLUTION AND DISPERSION OF POLYMERS TO DRIVE DEMAND
9.9 AGRICULTURAL CHEMICALS
9.9.1 RISING ADOPTION OF SUSTAINABLE AGRICULTURAL PRACTICES TO DRIVE DEMAND
9.10 OTHER APPLICATIONS
10 SOLVENTS MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 CHINA
10.2.1.1 Rapid industrialization to drive market
10.2.2 JAPAN
10.2.2.1 Booming construction industry to fuel demand
10.2.3 INDIA
10.2.3.1 Increasing infrastructure development to drive market
10.2.4 SOUTH KOREA
10.2.4.1 Rising use in shipbuilding, electronics, and manufacturing industries to drive market
10.2.5 INDONESIA
10.2.5.1 Infrastructure development and growing agriculture industry to fuel demand
10.3 EUROPE
10.3.1 GERMANY
10.3.1.1 Increasing automobile production to drive demand
10.3.2 FRANCE
10.3.2.1 Expanding automotive and aerospace & defense industries to drive market
10.3.3 ITALY
10.3.3.1 Growth of manufacturing sector to drive market
10.3.4 RUSSIA
10.3.4.1 Large industrial base with significant natural resources to drive demand
10.3.5 SPAIN
10.3.5.1 Booming pharmaceutical industry to fuel demand
10.3.6 UK
10.3.6.1 Strong manufacturing base to drive market
10.3.7 BELGIUM
10.3.7.1 Diversified economy to drive demand
10.4 NORTH AMERICA
10.4.1 US
10.4.1.1 Presence of key players to drive market
10.4.2 CANADA
10.4.2.1 Strong oil & gas base to drive market
10.4.3 MEXICO
10.4.3.1 Low production cost and availability of cheap labor to drive market
10.5 MIDDLE EAST & AFRICA
10.5.1 GCC COUNTRIES
10.5.1.1 Saudi Arabia
10.5.1.1.1 Increasing foreign investments in various industries due to tax concessions to drive market
10.5.1.2 Qatar
10.5.1.2.1 Presence of proven oil & gas reserves and booming construction industry to drive market
10.5.2 TURKEY
10.5.2.1 Favorable geographic location and well-targeted economic policies to support market growth
10.5.3 IRAN
10.5.3.1 Increasing vehicle production to drive market
10.5.4 SOUTH AFRICA
10.5.4.1 Economic growth to fuel demand
10.6 SOUTH AMERICA
10.6.1 BRAZIL
10.6.1.1 Increasing demand in agriculture chemicals applications to drive market
10.6.2 ARGENTINA
10.6.2.1 Increasing vehicle sales to fuel demand
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYERS/RIGHT TO WIN
11.3 MARKET SHARE ANALYSIS, 2023
11.4 REVENUE ANALYSIS, 2019-2023
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
11.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.5.5.1 Company footprint
11.5.5.2 Type footprint
11.5.5.3 Application footprint
11.5.5.4 Region footprint
11.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
