Global Market for Oxygenated Solvents is Expected to Reach 21,720 KT by 2018 – New Report by MicroMarket Monitor
Oxygenated solvents have the highest growth rate due to their favourable properties. http://www.micromarketmonitor.com/market-report/oxygenated-solvents-reports-9063526407.html
(PRWEB) June 19, 2014
Oxygenated industrial solvents are the major solvents utilized in the market in applications such as cosmetics, detergency, coating, and chemical industries during synthesis. They are also used as technical additives in construction and mining. Oxygenated solvents have the highest growth rate due to their favourable properties.
The replacement of hydrogenated solvents due to their toxicity had a severe negative impact on the environment; this has been one of the driving forces for oxygenated solvents, as these are less harmful.
Browse through the market data tables, figures and detailed ToC on the “Oxygenated Solvents Market.”
The major types of conventional solvents are oxygenated, hydrocarbon, and halogenated solvents, of which oxygenated solvents accounted for 65% of overall market share in terms of volume in 2012. The global market for oxygenated solvents is expected to reach 21,720 KT by 2018 from 17,984 KT in 2013, at a CAGR of 3.8% from 2013 to 2018.
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The major oxygenated industrial solvents include:
- Alcohols (methanol, ethanol, propanol, butanol, and other alcohols)
- Glycols (ethylene glycols, and propylene glycols)
- Glycol ethers (E-series glycol ethers, P-series glycol ethers, and butyl glycol ethers)
- Ketones (acetone, MEK, MIBK, and other ketones)
- Esters (ethyl acetate, butyl acetate, and other acetate)
Currently, alcohol is the most used oxygenated solvent, with consumption that is estimated to reach 8,749 KT by 2018, at a CAGR of 3.9% from 2013 to 2018.
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