High Purity Solvents Market: Segmented by Type (spectrophotometric solvents, UHPLC and LC/MS solvents, HPLC solvents, GC solvents and others), By Application (liquid crystals, lithiu ion batteries, electroplating, resins, catalysts and others), and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
[176+ Pages Research Report] Global High Purity Solvents Market to exceed USD xx billion by 2030 from USD xx billion in 2020 at a CAGR of 7.4% in the coming years, i.e., 2021-30.
Product Overview
Many end-user industries rely heavily on high-purity chemicals. High-Performance Liquid Chromatography (HPLC) solvent is in high demand in the pharmaceutical, biotechnology, cosmetics, and chemical industries. HPLC solvents such as acetonitrile and methanol are purified using modern technology to ensure that they are free of UV-absorbing contaminants. Dry-etching gases are another significant high purity chemical. These gases are in significant demand in the semiconductor industry for ultrafine manufacture of LSI devices and other IC products. Silicon wafers in semiconductor devices are cleaned with high purity aqueous ammonium. It has been refined to the point that no residues of metal ion particles can be found.
Market Highlights
Global High Purity Solvents market is expected to project a notable CAGR of 7.4% in 2030.
The growing application of n-heptane solvent as a test fuel component in anti-knock engine testing is boosting the market for high purity solvents forward. The life sciences segment's growing application of high purity solvents for the fabrication of lab consumables could be a market driver for high purity solvents.
Global High Purity Solvents: Segments
Spectrophotometric segment to grow with the highest CAGR during 2020-30
Global High Purity Solvents market is segmented by type into spectrophotometric solvents, UHPLC and LC/MS solvents, HPLC solvents, GC solvents, and others. The spectrophotometric segment held the largest market share in the year 2020. The demand for spectrophotometric solvents is soaring because to its speedy analytical capabilities, which make it simple to use and have broadened its applicability in a variety of industries.
Catalysts segment to grow with the highest CAGR during 2020-30
Global High Purity Solvents market is divided by application into liquid crystals, lithium-ion batteries, electroplating, resins, catalysts, and others. The catalysts segment held the largest market share in the year 2020 because of its suitability for various types of products that can be manufactured at normal temperature, which has been increasing in industrial manufacturing processes.
Market Dynamics
Drivers
Usage in high-performance coating and reliance in various industries
Their use in the production of high-performance coatings is fueling demand across the globe. Because solvents are utilized in paints and coatings applications in various industries, the market is strongly reliant on growth in construction, automobile, shipbuilding, and aviation production. Despite the fact that the COVID-19 situation has had a negative impact on the market in these areas, there will be a huge need for these high-quality Solvents in the long run.
Increased usage in life sciences
The increasing usage of n-heptane solvent as a test fuel component in anti-knock engine testing is one of the market's driving forces. The increased use of high purity solvents in the life sciences segment for the fabrication of lab consumables is also a key driver for this market.
Restraint
Health risks in nervous and reproductive system
The widespread use of high purity solvents has health risks, such as toxicity in reproductive and nervous systems, which may reduce demand for high purity solvents and stifle growth in the global market.
Global High Purity Solvents: Key Players
Sabic
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Dow Chemical Company
Total SA
Repsol SA
BASF SE
Bayer Material Science
ENI S.P.
Ineos Group AG
Royal DSM
Other Prominent Players
Global High Purity Solvents: Regions
Global High Purity Solvents market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market for High Purity Solvents is dominated by APAC due to the rising demand for paints and coatings, as well as adhesives and sealants While the use of these solvents to make printing inks and a variety of pharmaceutical goods is predicted to gain traction, the market is expected to rise due to rising demand for paints and coatings from the automotive and construction industries.
Global High Purity Solvents is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global High Purity Solvents report also contains analysis on:
High Purity Solvents Segments:
By Type
spectrophotometric solvents
UHPLC and LC/MS solvents
HPLC solvents
GC solvents
Other
By Application
liquid crystals
lithium-ion batteries
electroplating
resins
catalysts
Others
High Purity Solvents Dynamics
High Purity Solvents Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
High Purity Solvents Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD xx billion
Revenue forecast in 2030 USD xx billion
Growth Rate CAGR of 7.4% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, application, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Sabic, BASF SE, Asahi Kasei Corporation, Linde, Thermo Fisher Scientific Inc., High Purity Laboratory Chemicals Pvt. Ltd., Apchem Pvt. Ltd., Evonik Industries AG, Merck KGaA, and Other Prominent Players
Product Overview
Many end-user industries rely heavily on high-purity chemicals. High-Performance Liquid Chromatography (HPLC) solvent is in high demand in the pharmaceutical, biotechnology, cosmetics, and chemical industries. HPLC solvents such as acetonitrile and methanol are purified using modern technology to ensure that they are free of UV-absorbing contaminants. Dry-etching gases are another significant high purity chemical. These gases are in significant demand in the semiconductor industry for ultrafine manufacture of LSI devices and other IC products. Silicon wafers in semiconductor devices are cleaned with high purity aqueous ammonium. It has been refined to the point that no residues of metal ion particles can be found.
Market Highlights
Global High Purity Solvents market is expected to project a notable CAGR of 7.4% in 2030.
The growing application of n-heptane solvent as a test fuel component in anti-knock engine testing is boosting the market for high purity solvents forward. The life sciences segment's growing application of high purity solvents for the fabrication of lab consumables could be a market driver for high purity solvents.
Global High Purity Solvents: Segments
Spectrophotometric segment to grow with the highest CAGR during 2020-30
Global High Purity Solvents market is segmented by type into spectrophotometric solvents, UHPLC and LC/MS solvents, HPLC solvents, GC solvents, and others. The spectrophotometric segment held the largest market share in the year 2020. The demand for spectrophotometric solvents is soaring because to its speedy analytical capabilities, which make it simple to use and have broadened its applicability in a variety of industries.
Catalysts segment to grow with the highest CAGR during 2020-30
Global High Purity Solvents market is divided by application into liquid crystals, lithium-ion batteries, electroplating, resins, catalysts, and others. The catalysts segment held the largest market share in the year 2020 because of its suitability for various types of products that can be manufactured at normal temperature, which has been increasing in industrial manufacturing processes.
Market Dynamics
Drivers
Usage in high-performance coating and reliance in various industries
Their use in the production of high-performance coatings is fueling demand across the globe. Because solvents are utilized in paints and coatings applications in various industries, the market is strongly reliant on growth in construction, automobile, shipbuilding, and aviation production. Despite the fact that the COVID-19 situation has had a negative impact on the market in these areas, there will be a huge need for these high-quality Solvents in the long run.
Increased usage in life sciences
The increasing usage of n-heptane solvent as a test fuel component in anti-knock engine testing is one of the market's driving forces. The increased use of high purity solvents in the life sciences segment for the fabrication of lab consumables is also a key driver for this market.
Restraint
Health risks in nervous and reproductive system
The widespread use of high purity solvents has health risks, such as toxicity in reproductive and nervous systems, which may reduce demand for high purity solvents and stifle growth in the global market.
Global High Purity Solvents: Key Players
Sabic
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
The Dow Chemical Company
Total SA
Repsol SA
BASF SE
Bayer Material Science
ENI S.P.
Ineos Group AG
Royal DSM
Other Prominent Players
Global High Purity Solvents: Regions
Global High Purity Solvents market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The market for High Purity Solvents is dominated by APAC due to the rising demand for paints and coatings, as well as adhesives and sealants While the use of these solvents to make printing inks and a variety of pharmaceutical goods is predicted to gain traction, the market is expected to rise due to rising demand for paints and coatings from the automotive and construction industries.
Global High Purity Solvents is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global High Purity Solvents report also contains analysis on:
High Purity Solvents Segments:
By Type
spectrophotometric solvents
UHPLC and LC/MS solvents
HPLC solvents
GC solvents
Other
By Application
liquid crystals
lithium-ion batteries
electroplating
resins
catalysts
Others
High Purity Solvents Dynamics
High Purity Solvents Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
High Purity Solvents Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2020 USD xx billion
Revenue forecast in 2030 USD xx billion
Growth Rate CAGR of 7.4% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, application, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled Sabic, BASF SE, Asahi Kasei Corporation, Linde, Thermo Fisher Scientific Inc., High Purity Laboratory Chemicals Pvt. Ltd., Apchem Pvt. Ltd., Evonik Industries AG, Merck KGaA, and Other Prominent Players
1. EXECUTIVE SUMMARY
2. GLOBAL HIGH PURITY SOLVENTS MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL HIGH PURITY SOLVENTS MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL HIGH PURITY SOLVENTS MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL HIGH PURITY SOLVENTS MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type : Market Share (2020-2030F)
12.2.1. spectrophotometric solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. UHPLC and LC/MS solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. HPLC solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. GC solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. liquid crystals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. lithium ion batteries, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. electroplating, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. resins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. catalysts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. Sabic
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. BASF SE
13.3. Asahi Kasei Corporation
13.4. Linde
13.5. Thermo Fisher Scientific Inc.
13.6. High Purity Laboratory Chemicals Pvt. Ltd.
13.7. Apchem Pvt. Ltd.
13.8. Evonik Industries AG
13.9. Merck KGaA
13.10. Other Prominent Players
14. CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL HIGH PURITY SOLVENTS MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL HIGH PURITY SOLVENTS MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL HIGH PURITY SOLVENTS MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. GLOBAL HIGH PURITY SOLVENTS MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type : Market Share (2020-2030F)
12.2.1. spectrophotometric solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. UHPLC and LC/MS solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. HPLC solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. GC solvents, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Application: Market Share (2020-2030F)
12.3.1. liquid crystals, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. lithium ion batteries, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.3. electroplating, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.4. resins, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.5. catalysts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.6. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. Sabic
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. BASF SE
13.3. Asahi Kasei Corporation
13.4. Linde
13.5. Thermo Fisher Scientific Inc.
13.6. High Purity Laboratory Chemicals Pvt. Ltd.
13.7. Apchem Pvt. Ltd.
13.8. Evonik Industries AG
13.9. Merck KGaA
13.10. Other Prominent Players
14. CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
