High Purity Solvents Market is predicted to reach USD 67.8 billion at a CAGR of 6.90% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global High Purity Solvents Market” that contains information from 2018 to 2032. The High Purity Solvents market is estimated to register a CAGR of 6.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global High Purity Solvents market— Exxon Mobil Corporation, BASF SE, Linde, Thermo Fisher Scientific Inc., High Purity Laboratory Chemicals Pvt. Ltd., Asahi Kasei Corporation, Dow, Apchem Pvt. Ltd., Evonik Industries AG, Merck KGaA, Spectrum Chemical Manufacturing Corp., Central Drug House, Tedia, Mitsubishi Chemical Corporation (a subsidiary of Mitsubishi Chemical Holdings Corporation), and Akzo Nobel N.V.

Market Highlights

The global High Purity Solvents market is accounted to register a CAGR of 6.90% during the forecast period and is estimated to reach USD 67.8 Billion by 2032.

Due to their extensive use across numerous industries, including pharmaceuticals, electronics, and analytical laboratories, the high purity solvents market is expanding significantly. Due to their crucial function in manufacturing, quality control, and other processes where contaminants can have a big impact, high purity solvents are in high demand.

Segment Analysis

The global High Purity Solvents market has been segmented based type, grade, category, application, and end user.

On the basis of type, the market is segmented into spectrophotometric solvents, UHPLC and LC/MS solvents, HPLC solvents, GC solvents, and others. Spectrophotometric Solvents segment dominated the global market in 2022.This is due to the rising use of spectrophotometric solvents in the healthcare sector.

Based on grade, the global High Purity Solvents market has been segmented into ACS, biosolv, gcsolv, HPLC grade, omnisolv, pestisolv, purge & trap, spectrosolv, tracegrade, usp, ultratrace, unisolv, and others. ACS segment dominated the global market in 2022. This is a result of the increased demand for ACS grade high purity solvents.

Based on category, the global High Purity Solvents market has been segmented into polar solvent and non-polar solvent. Polar solvent segment dominated the global High Purity Solvents market in 2022. This increase is attributed to an increase in the use of polar solvents in end-user industries.

Based on application, the global High Purity Solvents market has been segmented into liquid crystals, lithium ion batteries, electroplating, resins, catalysts, and others. Liquid crystals segment dominated the global High Purity Solvents market in 2022. This is related to the growing demand for high purity solvents in liquid crystals.

Based on end user, the global High Purity Solvents market has been segmented into pharmaceutical and biopharmaceutical, chemical laboratories, cosmetics, food & beverage, agriculture, paints & coatings, biotechnology, electrical & electronics, and others. Paints & coatings segment dominated the global High Purity Solvents market in 2022. The rise of construction and infrastructure projects in developing nations like China, Japan, and India is to blame for the high percentage.

Regional Analysis

The global High Purity Solvents market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe High Purity Solvents market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The High Purity Solvents market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World High Purity Solvents market comprises of Middle East, Africa, and Latin America.

The North America High Purity Solvents Market dominated this market in 2022 (45.80%). This has happened as a result of rising manufacturing production and predicted building activity recovery during the projection period.

Moreover, in 2022, the Europe High Purity Solvents market held a sizable market share. Demand in this area is predicted to rise at a good rate when the automotive, aviation, and other end use industries restart their expansion following the outbreak.

Additionally, from 2023 to 2032, the Asia Pacific High Purity Solvents market is anticipated to develop significantly. The primary driver expected to propel the growth of the Asia Pacific solvents market is the rising need for the production of paints, coatings, and adhesives & sealants.

Furthermore, the rest of the world's High Purity Solvents market is divided into the Middle East, Africa, and Latin America. The region's developing chemical, electronics, and pharmaceutical sectors are driving the region's high purity solvents industry, which is expanding significantly. The demand for high purity solvents in Latin America is being fueled by increased investments in R&D activities as well as a rise in the need for quality control and analytical testing.

Key Findings of the Study

• The global High Purity Solvents market is expected to reach USD 67.8 Billion by 2032, at a CAGR of 6.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to growing demand for the manufacture of paints & coatings and adhesives & sealants is anticipated to be the main factor driving the growth of the Asia Pacific solvents market.


• Based on category, the polar solvent segment was attributed to holding the largest market in 2022.


• Exxon Mobil Corporation, BASF SE, Asahi Kasei Corporation, Linde, Thermo Fisher Scientific Inc., High Purity Laboratory Chemicals Pvt. Ltd., Dow, Apchem Pvt. Ltd., Evonik Industries AG, Merck KGaA, Spectrum Chemical Manufacturing Corp., Central Drug House, Tedia, Mitsubishi Chemical Corporation (a subsidiary of Mitsubishi Chemical Holdings Corporation), and Akzo Nobel N.V.