Big boys: The solvent market is largely dominated by multinationals. — Bloomberg
SOLVENTS are substances used to dissolve, extract or suspend other substances to form a solution.They have various applications in a wide variety of industries.
From simple usage as nail polish removers and paint thinners to chemical syntheses and purification processes in heavy industries, the market for solvents is indeed huge.
A report by research firm Reports and Data estimates that the global solvents market was valued at US$47.37bil in 2018. The market is expected to grow at a compounded annual growth rate (CAGR) of 3.9% to reach US$64.32bil by 2026.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
