Aprotic Solvents Market Size was valued at USD 16.9 billion in 2022. The Aprotic Solvents market industry is projected to grow from USD 17.4915 Billion in 2023 to USD 23.03296527 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2023 - 2032). Increased use of aprotic solvents in the oil & gas industry and rapid growth of the pharmaceutical industry is the key market driver enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Over the forecast period, the apocalyptic solvents market revenue is expected to grow rapidly. The market is expected to perform well shortly due to the widespread use of the N-Methyl-2-pyrrolidone solvent for liquefying various materials in the oil and gas industry and toluene in the production of benzene, xylene, and trinitrotoluene used in multiple industries such as pharmaceutical. Furthermore, expanding the use of aprotic polarity solvent as a reaction solvent for agricultural and pharmaceutical chemicals and a cleaning agent for electronic components is expected to drive aprotic solvent market revenue growth during the forecast period. This factor drives the Market CAGR.
Additionally, developed countries are focusing on increasing infrastructure and building cities with technological advancements and developments. China, in particular, has the most significant building market, accounting for more than 20% of construction income, and is expected to exceed USD 13 trillion by 2030. These factors have increased the demand for paints and coatings for these structures. These factors are regarded as the primary drivers of aprotic solvent market growth. Rising environmental regulations and rapid development in the pharmaceutical industry, the fastest-growing application sector, will all contribute to the growth of the aprotic solvent market over the forecasted timeframe. The increasing demand for potential end-user industries such as pharmaceutical, agrochemical, paints and coatings, electronics, personal care, and cosmetics are considered the major driver of aprotic solvents market growth. Developed countries focus on increasing the infrastructure and building cities with technological developments and advancements. Especially countries like China possess the largest building market, makes over 20% of the income on construction, which is anticipated to surpass over USD 13 trillion by 2030. These aspects have increased the demand for paints and coatings for these buildings. Such factors are considered the major drivers of aprotic solvent market growth. Thus, driving the Aprotic Solvents market revenue.
Based on Source, the Aprotic Solvents market segmentation includes bio-based and synthetic. The synthetic segment dominated the market; Synthetic aprotic solvents can be used in a wide range of applications, including the pharmaceutical, electronics, and chemical industries. Synthetic aprotic solvents perform well in dissolving a wide range of compounds and provide a stable environment for reactions. Furthermore, Synthetic aprotic solvents are relatively inexpensive, which makes them a cost-effective option for many applications. The bio-based segment is expected to grow in the coming years due to the increasing demand for sustainable solvents. However, the synthetic segment is still expected to be the dominant segment of the aprotic solvents market for the foreseeable future.
Figure1: Â Aprotic Solvents Market, by Source, 2022&2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on type, the Aprotic Solvents market segmentation includes N-Methyl-2-Pyrrolidone, Chloroform, and Benzene. The N-methyl-2-pyrrolidone segment dominated the market because NMP has several properties that make it ideal for a wide range of applications; NMP has a high boiling point, making it less volatile than other aprotic solvents. NMP is relatively low toxicity, which makes it safe to use in the workplace. Furthermore, NMP is a good solvent for various compounds, including polymers, pharmaceuticals, and agrochemicals.
Based on End-Use Industries, the Aprotic Solvents market segmentation includes Chemical, Healthcare, Oil & Gas, Electronics, and Others. The chemical segment dominated the market because aprotic solvents are used in a wide range of chemical applications; aprotic solvents are used to dissolve polymers and facilitate their polymerization. Aprotic solvents are used to prepare reagents for chemical reactions. Furthermore, Aprotic solvents are used to extract compounds from mixtures.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Aprotic Solvents market area will dominate this market, owing to the growing oil & gas and pharmaceuticals industries over the forecast period.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Â APROTIC SOLVENTS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Aprotic Solvents market accounts for the second-largest market share due to the growing demand for petroleum products throughout the Region, and Key players in this industry have adopted growth strategies to increase their market share and grow further. Further, the German Aprotic Solvents market held the largest market share, and the UK Aprotic Solvents market was the fastest growing market in the European Region.
The Asia-Pacific Aprotic Solvents Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the country's growing building and construction industry. Moreover, China’s Aprotic Solvents market held the largest market share, and the Indian Aprotic Solvents market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Aprotic Solvents market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Aprotic Solvents industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Aprotic Solvents industry to benefit clients and increase the market sector. In recent years, the Aprotic Solvents industry has offered some of the most significant advantages. Major players in the Aprotic Solvents market, including DowDuPont (US), BASF SE (Germany), Mitsui Chemicals, Inc (Japan), The Chemours Company (US), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Celanese Corporation (US), Mitsubishi Chemical Corporation (Japan), Ashland Inc (US), and Asahi Kasei Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.
BASF SE, an initialism, And Portmanteau for its original name Badische Anilin- und Soda-Fabrik, is a European multinational company and the largest chemical producer in the world. Its headquarters are located in Ludwigshafen, Germany. BASF announced the launch of its new line of aprotic solvents for use in the electronics industry. The solvents are designed to meet the demanding requirements of the electronics industry, such as high purity and low volatility.
The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes. Dow announced the acquisition of the assets of Aprotec, a UK-based supplier of aprotic solvents. The acquisition will strengthen Dow's position in the aprotic solvents market, and it is expected to help the company to meet the growing demand for aprotic solvents in a variety of applications.
February 2023: Dow announced the acquisition of the assets of Aprotec, a UK-based supplier of aprotic solvents. The acquisition will strengthen Dow's position in the aprotic solvents market, and it is expected to help the company to meet the growing demand for aprotic solvents in a variety of applications.
March 2023: Eastman Chemical launched its new line of high-performance aprotic solvents for use in the pharmaceutical industry. The solvents are designed to meet the demanding requirements of the pharmaceutical industry, such as high purity and low toxicity.
| Report Attribute/Metric | Details |
| Market Size2022 | USD 16.9 billion |
| Market Size 2023 | USD 17.4915 billion |
| Market Size2032 | USD 23.03296527 billion |
| Compound Annual Growth Rate (CAGR) | 3.50% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Source, Type, End-Use Industries , and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | DowDuPont (US), BASF SE (Germany), Mitsui Chemicals, Inc (Japan), The Chemours Company (US), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands), Celanese Corporation (US), Mitsubishi Chemical Corporation (Japan), Ashland Inc (US), and Asahi Kasei Corporation (Japan) |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Dynamics | the growing use of Aprotic Solvents in the oil & gas industry and rapid growth of the pharmaceutical industry across the globe |
Aprotic Solvents Market Highlights:
Frequently Asked Questions (FAQ) :
The Aprotic Solvents market size was valued at USD 16.9 Billion in 2022.
The Aprotic Solvents market is projected to grow at a CAGR of 3.50% during the forecast period, 2023-2032.
North America had the largest share of the Aprotic Solvents market
The key players in the Aprotic Solvents market are DowDuPont (US), BASF SE (Germany), Mitsui Chemicals, Inc (Japan), The Chemours Company (US), INEOS (UK), Eastman Chemical Company (US), Royal Dutch Shell PLC (Netherlands).
The N-Methyl-2-Pyrrolidone category dominated the Aprotic Solvents market in 2022.
The Chemical had the largest share in the Aprotic Solvents market.
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