North America Speciality Solvents Market, 2016 - 2022

North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research
North America Specialty Solvents Market is
Projected to be Valued at US$ 51.2 Bn by
2022: Persistence Market Research
Persistence Market Research 1

North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research Released New Market Report According to a new market report
published by Persistence Market Research “North America Market Study on Speciality
Solvents: Pharmaceutical and Personal Care Segment to Exhibit above Average
Growth during the Forecast Period 2016 - 2022,” the North America specialty solvents
market was valued at US$ 37.8 Bn in 2015 and is anticipated to expand at a CAGR of 4.5%
from 2016 to 2022, to reach a market value of US$ 51.2 Bn by 2022.
Currently, the North America specialty solvents market is mainly driven by factors such as
growing overall chemical industry output and consumption of these chemicals across various
industries, increasing demand from the pharmaceuticals industry, and surge in overall
industrial output. However, factors such as distribution channel and supply chain
infringement and decreasing profit margins as a result of increasing market competition are
some of the major challenges expected to be faced by market players in North America
specialty solvents market during the forecast period.
View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/north-america-speciality-solvents-market.asp
The North America specialty solvents market is segmented on the basis of country, end-use,
and product type. On the basis of country, the North America specialty solvents market is
segmented into the U.S. and Canada. The U.S. market for specialty solvents is expected to
be the largest contributor to the overall North America market in terms of value share,
followed by Canada, by 2015 end. The U.S. market is also expected to be the fastest growing
market over the forecast period (2016-2022). Growth of the U.S. specialty solvents market is
primarily attributed to the growth of end-user industries such as building and construction,
pharmaceutical and personal care, food & beverages, etc.
On the basis of product type, the market is segmented into ten major segments, namely,
alcohol, aliphatic hydrocarbon, amine, aromatic hydrocarbon, chelating agents, chlorinated
solvents, ester, ether, fatty chemicals, and ketone. In terms of value, the ether segment is
expected to emerge as the fastest growing segment in the North America specialty solvents
market, reaching a market value of around US$ 4.3 Bn by 2022 end, expanding at a CAGR of
6.0% over the forecast period.
Persistence Market Research 2

North America Speciality Solvents Market, 2016 - 2022
On the basis of end-use, the market is segmented into plastic & rubber, electronics & IT,
food & beverages, pharmaceuticals & personal care, building & construction, automotive,
agriculture, mining, oil & gas, household, industrial & institutional (HI & I) and others. The
electronics & IT segment is expected to emerge as the fastest growing segment, by end-use,
in the North America specialty solvents market over the forecast period.
Request Brochure of this Report:
http://www.persistencemarketresearch.com/samples/10712
Key players included in this study on the North America specialty solvents market include
BASF SE, Bayer Group, Akzonobel N.V., The Dow Chemical Company, LyondellBasell
Industries Holdings B.V., E.I. duPont de Nemours and Company, Mitsui Chemicals, Braskem
SA, PPG Industries, and Eastman Chemical Company.
Market Bytes:
The North America specialty solvents market is anticipated to grow from US$ 37.8 Bn in
2015 to US$ 51.2 Bn by 2022, expanding at a CAGR of 4.5% in terms of revenue during the
forecast period (2016-2022).
In this report, the North America specialty solvents market is tracked in terms of volume
consumption, and is calibrated to obtain the market revenue estimates by multiplication of
weighted average prices. Increasing demand from various end-use industries, such as
pharmaceuticals & personal care, building & construction, food and beverages, household,
industrial & institutional (HI & I), etc., is anticipated to drive growth of the North America
specialty solvents market over the forecast period. The growth of the pharmaceuticals
industry and increasing demand for these chemicals from the electronics and IT industry are
factors that are expected to further push their demand in the North America market. Due to
rising demand from various industries, the overall North America specialty solvent market is
expected to increase at a CAGR higher than that of the average economy growth of the
region.
Persistence Market Research 3

North America Speciality Solvents Market, 2016 - 2022
However, factors such as distribution channel and supply chain infringement, decreasing
profit margins, etc. are some of the major challenges expected to be faced by market
players in the North America specialty solvents market during the forecast period.
The overall North America specialty solvents market is segmented on the basis of product
type, end-use, and country.
The section - market analysis, by product type, comprehensively analyzes the market on the
basis of product type and presents an in-depth analysis of the market size in terms of value
and volume for 2016-2022. In 2015, with more than one-third of total revenue share, the
aromatic hydrocarbon segment dominated the North America specialty solvents market,
followed by the alcohol and amine segments, respectively. The ether segment is anticipated
to expand at the fastest CAGR of 6.0% over the forecast period in the North America
specialty solvents market in terms of revenue, followed by the fatty chemicals segment.
The section - market analysis, by end-use, analyzes the North America specialty solvent
market on the basis of end-uses of these chemicals across various industries and the data is
provided both in terms of value and volume for 2016-2022. The electronics and IT segment
is expected to expand at the highest CAGR of 7.2% in terms of value during the forecast
period. In terms of market share, the household, industrial, and institutional (HI & I) segment
accounted for more than one third revenue share of the overall market in 2015 and is
expected to dominate the North America market throughout the forecast years.
The section - market analysis, by country, includes an in-depth country-level analysis of the
U.S. and Canada market, by product type and end-use; and provides market data both in
terms of value and volume for 2016-2022. In 2015, the U.S. dominated the overall North
America specialty solvent market, accounting for more than 90% share. The U.S. market is
also expected to expand at a marginally higher CAGR than that of the Canada over the
forecast period.
Key players reported in this study on the North America specialty solvents market include
BASF SE, Bayer Group, Akzonobel N.V., The Dow Chemical Company, LyondellBasell
Persistence Market Research 4

North America Speciality Solvents Market, 2016 - 2022
Industries Holdings B.V., E.I. duPont de Nemours and Company, Mitsui Chemicals, Braskem
SA, PPG Industries, and Eastman Chemical Company.
About Us:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique
collaboration of data analytics and market research methodology to help businesses achieve optimal
performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary
approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time
data collection, big data, and customer experience analytics, we deliver business intelligence for
organizations of all sizes.
Contact Us:
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
Persistence Market Research 5