US Solvents Industry Demand to Grow 1% per Annum to 2018 in New Research Report at ReportsnReports.com

Dallas, TX (PRWEB) June 11, 2014

US demand to rise over 1% per annum through 2018
A robust recovery in US construction spending along with the continued rebound in manufacturing output will drive advances in US solvent demand at a greater than one percent annual pace through 2018. Strength in both nonresidential and residential building construction will stimulate not only direct solvent use in construction-related activities, but also increased solvent demand in paint and coatings and other construction-related materials. Solvent use in a variety of manufacturing applications, but most notably in chemical processing, will be supported in part by comparatively low natural gas prices that will help boost the competitiveness of US manufacturers.

The collapse of the housing market and subsequent deep recession resulted in a sharp drop in solvent demand in nearly all applications. This will change going forward as an improved fiscal situation for homeowners and businesses alike — along with an easing in the tight lending standards that have been prevalent since the financial crisis in 2008 — will result in robust growth in building construction spending. This in turn will benefit not only direct solvent consumption during construction, but also support increased solvent use in paint, coatings, and other construction related materials.

Complete report is available at http://www.reportsnreports.com/reports/287893-solvents-to-2018.html.

Alcohols, glycols among favored “green” solvents
Steadily increasing concerns about their sustainability and chemical toxicity, as well as external regulatory pressure, will fuel demand for “green” solvents that are derived from renewable raw materials. This will contribute to growth in alcohols and glycols, which will post the largest advances of all solvents. Other “green” solvents such as butanediol, terpenes, and esters will register the fastest demand growth, albeit from much smaller bases. In addition to favoring more eco-friendly solvents, tightening regulatory standards will restrain overall solvent demand growth, as will industry efforts to limit waste and reduce costs by increased solvent recovery and recycling.
Shift to “greener” solvents to affect key markets

Consumer demand for products with low environmental impacts will encourage producers in the cleaning products and cosmetic and toiletry markets to introduce new or reformulated products that make use of “greener” solvents derived from renewable resources. In addition, environmental regulations at both the state and federal levels aimed at reducing volatile organic compound (VOC) emissions will boost glycol-based solvent demand in the paint and coatings market. Similarly, alcohol solvents will exhibit greater demand from the pharmaceuticals market in order to help producers meet strict FDA and EPA regulations. Shifts in demand within the sizable printing inks market will also be affected by the trend toward “greener” solvent products as soy and propanol-based solvents continue to make inroads as replacements for hydrocarbons.

Paint, coatings to surpass transportation as top market
The transportation market will give way to the paint and coatings market as the largest consumer of solvents by 2018. Restrained by lengthening engine coolant flush intervals and increased consumer demand for longer-lasting, less toxic propylene glycol antifreeze, demand for solvents in the transportation market will grow at a below-average pace through 2023. Additionally, solvent recycling operations will provide additional downward pressure on overall solvent demand going forward.

Purchase a copy of this report at http://www.reportsnreports.com/purchase.aspx?name=287893.

Company Profiles
Profiles for 34 US industry players such as Dow Chemical, Eastman Chemical, Exxon Mobil, Shell Chemical & LyondellBasell

Additional Information
This study analyzes the US solvents industry by function (vehicles/carriers/thinners, antifreezes and deicers, cleaners, extraction agents and other), type (conventional and green), product (alcohols, glycols, hydrocarbons, ketones, esters, chlorinated, and other solvents), and market (e.g., transportation, paint and coatings, printing inks, cleaning products). For the purposes of this study, “conventional solvents” are products which have been manufactured from non-renewable sources (e.g., hydrocarbons, chlorinated); “green solvents” are products that can be obtained from renewable bio-based sources (e.g., some alcohols and glycols, and terpenes). This categorization of products is not intended to constitute specific judgments of individual product safety or environmental suitability. While most of these chemicals are used in non-solvent applications, only solvent volume is included here. Market share is presented for different types of solvents and represents sales at the manufacturer level. In addition, the study discusses environmental, regulatory, and other market environment factors.

Historical data for 2003, 2008, and 2013, and forecasts for 2018 and 2023 are presented for solvent demand in pounds. As used in this study, the term “demand” refers to US sales or apparent consumption and denotes US production plus imports, less exports. Tabular details may not add to totals due to independent rounding. Ratios may be rounded for the sake of clarity.

Browse more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/.

Contact sales(at)reportsandreports(dot)com for further information.

About Us:
ReportsnReports.com (http://www.reportsnreports.com/) is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.

PDF Print