Europe Special Boiling Point Solvents Market Analysis and Opportunities by 2027
Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027Europe Special Boiling Point Solvents Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Solvent Base (Petroleum Ether, Rubber Solvent, and Others), Application (Paints and Coatings, Rubbers and Tires, Inks, Adhesives, Resins, Cleaning Agents, and Others)
- Report Date : May 2021
- Report Code : TIPRE00022529
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 119
The Europe special boiling point solvents market is expected to grow from US$ 234.89 million in 2019 to US$ 293.70 million by 2027; it is estimated to grow at a CAGR of 3.0% from 2020 to 2027.
The market for Europe includes Germany, France, Italy, the UK, Russia, and the rest of Europe. The chemical industry contributes a significant share to the GDP of the region. This industry supports the growth of the economy by assisting with various materials to be used in end-use applications that result in the creation of a diversified array of business opportunities and services. The chemical and materials industry of the EU is considered a significant sector as it contributes to the country’s GDP and employs millions of people in the region. Increasing demand for special boiling point solvents in various chemical processing, paints and coatings, rubber, ink, and others influences the special boiling point solvents market in Europe.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of solvents manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for special boiling point solvents during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of solvents manufacturing projects, thereby reducing the demand for special boiling point solvents. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe special boiling point solvents market. Increasing consumption of paints & coatings in the construction, automotive, wood industry and general industries application sectors has raised the demand for special boiling point (SBP) solvents. SBP solvents are versatile group of fast to medium evaporating hydrocarbon fluids that constitute paraffin and cycloparaffins. These aliphatic solvents are majorly used in paints & coatings industry. These solvents worked as carriers for resins, pigments, and other components. They help in controlling viscosity, aiding in film formation, and wetting of pigments and substrates that help with dispersion and adhesion. These solvents also tend to migrate to the surface of a coating, thereby lowering the surface tension and making the surface more homogeneous. This action of (SBP) solvents improves levelling and reduces the tendency to form craters. Rapid expansion of Europe construction industry will aid in the market growth of paints & coatings market. Paints & coatings are used in the decoration & protection of buildings and infrastructures from external damages. Due to various properties such as corrosion protection, anti-friction, hardness and reflection-absorption they are also used to protect automotive components.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Special Boiling Point Solvents Market Segmentation
Europe Special Boiling Point Solvents Market – By Solvent Base
- Petroleum Ether
- Rubber Solvent
- Others
Europe Special Boiling Point Solvents Market – By Application
- Paints and Coatings
- Rubbers and Tires
- Inks, Adhesives
- Resins
- Cleaning Agents
- Others
Europe Special Boiling Point Solvents Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Special Boiling Point Solvents Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 234.89 Million |
| Market Size by 2027 | US$ 293.70 Million |
| Global CAGR (2020 - 2027) | 3.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solvent Base
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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