Solvents Market is valued to reach USD 52.5 Billion by 2025, growing at a CAGR of 3.5% over forecast period 2020-2026

The Global Solvents Market is valued to reach USD 52.5 Billion by 2025, growing at a CAGR of 3.5% over forecast period 2020-2026. Robust growth in construction and automotive sectors, increasing demand for industrial solvents from pharmaceuticals, oxygenated based industrial solvents are the key factors augmenting the market growth.

Solvents are liquid substance that demonstrate the capability to dissolve other substance without any chemical change. Solvents occur in multiple forms, for instance, organic and inorganic solvents hold a high popularity on the global scenario. Inorganic solvents such as water and aqueous solutions comprise special additives while organic solvents are oxygenated solvents, hydrocarbon and hydrogenated solvents. The commercial exposure for solvents mainly depends on the nature and form of use. As solvents facilitate mixing and help in regulating temperatures, the choice of solvent decide the success rate within a particular reaction.

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