Solvents Market Size, Share, Types, Products, Trends, Growth, Applications and Forecast 2021 to 2032
The global solvents market size was USD 49.42 billion in 2023 and is projected to grow from USD 52.65 billion in 2024 to USD 87.41 billion in 2032 at a CAGR of 6.0% over 2024 to 2032.
With the paints & coatings industry reeling from the effects of the economic fallout caused by the COVID-19 pandemic, the solvents market growth is facing a notable decline. The primary reasons for this market’s truncated growth in 2020 include the massive shortage of factory workers, closure of manufacturing facilities, and shrinking availability of raw materials. In 2020, the market’s growth rate fell by 2.96% and it is predicted to reach USD 45,058.8 million in 2021.
AGC Chemicals Develops Eco-friendly Solutions for Cleaning Medical Devices
In March 2020, AGC Chemicals Americas announced the d...