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Industrial Solvent Market Size and Growth
The industrial solvent market is projected to reach a size of approximately USD 30 billion by 2026, driven by rising demand in coatings, adhesives, and pharmaceuticals. Current market conditions highlight increased regulatory scrutiny and a shift towards eco-friendly solvents, influencing production and consumption trends across various industries.
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Dow
◍ Total
◍ Exxon Mobil
◍ Daicel Chemical Industries
◍ Nippon Refine
◍ Royal Dutch Shell
◍ Sinopec
◍ Petroleo Brasileiro
◍ OXEA Chemicals
◍ Lyondell Basell Industries
◍ Arkema
◍ BP
The Industrial Solvent Market features key players like BASF, Dow, Total, and Exxon Mobil. These companies develop diverse solvent applications, enhancing efficiency and sustainability, thus driving market growth. Notable revenue figures include:
- BASF: $88 billion
- Dow: $55 billion
- Exxon Mobil: $413 billion
- Shell: $386 billion.
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