2nd January 2020 – Global Aprotic
Solvents Market is estimated to grow significantly in the forecast
period owing to the increase in demand from several end use industries and
growing use of bio-based items. Aprotic solvents are the solvents, which are
not capable of hydrogen bonding, for which they cannot be hydrogen bonds.
Aprotic solvents usually have intermediate polarity and dielectric constants.
Rising consumption of aprotic solvents
among several other end use industries like oil & gas, petrochemicals,
enhanced recycling technology, and growing demand for eco-friendly solution are
majorly driving the growth of aprotic solvents market. Furthermore, improved
features like low reactivity, high relative permittivity, thermal stability
with the use of aprotic solvents in production of gas and oil refining are
other boosting factors of aprotic solvents. However, increase in demand for
non-toxic alternates to aprotic solvents, strict government regulations,
flexible raw material cost and growing environmental concern are expected to
hamper the growth of aprotic solvents market in the coming years.
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Increase in demand for aprotic solvents
is predicted to expand impressively in the pharmaceutical segment in the years
to come owing to the innovations in the segment, which introduces new drugs.
Over the years, the demand for toluene is also on the rise. The raw material is
used to produce other chemicals like benzene, xylene, and trinitrotoluene
(TNT). Hence, the demand is expected to remain strong in future as well.
Besides, N-Methyl-2-pyrrolidone (NMP) potentially dissolves numerous metals due
to which its demand is expected to resister significant growth especially in
oil & gas and plastic segment.
Aprotic solvents industry is categorized
on the basis of solvent type, application and geography. On the basis of
solvent type, the market is divided into N-Methyl-2-pyrrolidone, benzene,
toluene, acetone, chloroform, and others. In terms of application, aprotic
solvents market is divided into pharmaceutical, oil & gas, personal care,
electronics, adhesives, paints & coatings, and others. Oil & gas
segment is expected to register significant growth since it extensively uses
aprotic solvents. They are used as fracking fluids while oil drilling
operations since it increases the quantity of hydrocarbons.
Geographically, aprotic solvents
industry is segmented as North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa. Asia Pacific is expected to hold larger market
share of aprotic solvents owing to the steady growth observed in industries
like electronics and electrical, pharmaceutical, and paints & coatings.
North America is projected to lead aprotic solvents industry after Asia Pacific
due to growing pharmaceuticals and oil & gas industry.
The prominent players in aprotic
solvents industry include AlzChem AG, Ashland, Asahi Kasei, BASF SE, CNPC Jilin
Chemical Group, Eastman Chemical Company, Imperial Chemical Corporation,
Celanese Corporation, Ineos Chemicals Company, Shell Chemicals, DuPont
Conglomerate Company, Mitsubishi Chemicals, and Nanjing Jinlong.
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