Solvents Market’s Oppportunities And Challenges

PUNE, India, 2019-Oct-25 — /EPR Network/ — Solvents Market was valued at USD 38.33 billion in 2017 and is projected to reach 57.34 billion by 2023, at a CAGR of 3.9% during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1325
Browse 199 market data Tables and 53 Figures spread through 242 Pages and in-depth TOC on “Solvents Market”

Growing opportunities from emerging economies

According to the IMF, the rapid growth rate of several developing economies are expected to provide opportunities to the petrochemical-based solvents manufacturers and suppliers, especially those catering to the construction and infrastructure sectors in the emerging economies.
With the rising population and growing domestic incomes, the consumer goods & services market in the emerging economies of China and India is growing rapidly. In addition, foreign investments and the emphasis of the governments on industrialization are expected to contribute to the market growth in the emerging economies, especially in APAC. The population of BRIC countries also increased from 2,989.95 million in 2014 to 3,315.30 million in 2016, which is driving the demand for homes in these countries, leading to the growth of the construction industry. This will provide opportunities to the petrochemical-based solvents manufacturers.

Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1325

Harmful effects of petrochemical-based solvents

Exposure to petrochemical-based solvents causes both short-term and long-term effects. Short-term effects include hallucinations, blackouts, sickness, severe headaches, prolonged sniffing, and dizziness among others. Long-term effects include damage to the brain, heart, liver, neurons, and kidneys. Some solvents can cause the lungs to freeze and cause suffocation. The examples of these types of solvents include polyethylene glycols (PEGs), which cause both health and environmental hazards. During the manufacturing process, PEGs can be contaminated with a measurable amount of ethylene oxide and 1, 4-dioxane, which are known to be a human carcinogen and affects central nervous systems. Thus, the harmful effects of petrochemical-based solvents are a challenge for the market.

Related Report:

Propylene Glycol Market by Source (Petroleum and Bio-Based), Application (Unsaturated Polyester Resin, Antifreeze & Functional Fluid, Food, Pharmaceuticals & Cosmetics), End-Use Industry (Transportation, Building & Construction) – Global Forecast to 2021

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com