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High Purity Solvent Trends and Forecast
The future of the global high purity solvent market looks promising with opportunities in the pharmaceutical and biopharmaceutical, chemical laboratory, cosmetic, food & beverage, agriculture, paint & coating, biotechnology, and electrical & electronic markets. The global high purity solvent market is expected to reach an estimated $59.2 billion by 2030 with a CAGR of 6.3% from 2024 to 2030. The major drivers for this market are rising use of n-heptane solvent as a test fuel component in anti-knock engine testing, increasing use of high purity solvents in the production of lab supplies for the life sciences sectors, as well as, continued shift toward more environmentally friendly solvent.
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High Purity Solvent by Segment
The study includes a forecast for the global high purity solvent by type, category, application, end use, and region.
High Purity Solvent Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Spectrophotometric Solvent
• UHPLC And LC/MS Solvent
• HPLC Solvent
• GC Solvent
High Purity Solvent Market by Category [Shipment Analysis by Value from 2018 to 2030]:
• Polar Solvent
• Non-Polar Solvent
High Purity Solvent Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Liquid Crystal
• Lithium Ion Battery
• Electroplating
• Resin
• Catalyst
• Others
High Purity Solvent Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Pharmaceutical And Biopharmaceutical
• Chemical Laboratory
• Cosmetic
• Food & Beverage
• Agriculture
• Paint & Coating
• Biotechnology
• Electrical & Electronic
• Others
High Purity Solvent Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of High Purity Solvent Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies high purity solvent companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the high purity solvent companies profiled in this report include-
• Exxon Mobil
• BASF
• Asahi Kasei
• Linde
• Thermo Fisher Scientific
• High Purity Laboratory Chemicals
• Evonik Industries
• Merck
• Spectrum Chemical Manufacturing
• Tedia
High Purity Solvent Market Insights
Lucintel forecasts that liquid crystal will remain the largest segment over the forecast period due to increasing demand for liquid crystal with high purity solvents.
North America will remain the largest region over the forecast period due to rising manufacturing production and predicted construction rebound.
Features of the Global High Purity Solvent Market
Market Size Estimates: High purity solvent market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: High purity solvent market size by various segments, such as by type, category, application, end use, and region in terms of value ($B).
Regional Analysis: High purity solvent market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, category, application, end use, and regions for the high purity solvent market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the high purity solvent market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the high purity solvent market size?
Answer: The global high purity solvent market is expected to reach an estimated $59.2 billion by 2030.
Q2. What is the growth forecast for high purity solvent market?
Answer: The global high purity solvent market is expected to grow with a CAGR of 6.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the high purity solvent market?
Answer: The major drivers for this market are rising use of n-heptane solvent as a test fuel component in anti-knock engine testing, increasing use of high purity solvents in the production of lab supplies for the life sciences sectors, as well as, continued shift toward more environmentally friendly solvent.
Q4. What are the major segments for high purity solvent market?
Answer: The future of the global high purity solvent market looks promising with opportunities in the pharmaceutical and biopharmaceutical, chemical laboratory, cosmetic, food & beverage, agriculture, paint & coating, biotechnology, and electrical & electronic markets.
Q5. Who are the key high purity solvent market companies?
Answer: Some of the key high purity solvent companies are as follows:
• Exxon Mobil
• BASF
• Asahi Kasei
• Linde
• Thermo Fisher Scientific
• High Purity Laboratory Chemicals
• Evonik Industries
• Merck
• Spectrum Chemical Manufacturing
• Tedia
Q6. Which high purity solvent market segment will be the largest in future?
Answer: Lucintel forecasts that liquid crystal will remain the largest segment over the forecast period due to increasing demand for liquid crystal with high purity solvents.
Q7. In high purity solvent market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising manufacturing production and predicted construction rebound.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the high purity solvent market by type (spectrophotometric solvent, UHPLC and LC/MS solvent, HPLC solvent, and GC solvent), category (polar solvent and non-polar solvent), application (liquid crystal, lithium ion battery, electroplating, resin, catalyst, and others), end use (pharmaceutical and biopharmaceutical, chemical laboratory, cosmetic, food & beverage, agriculture, paint & coating, biotechnology, electrical & electronic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to High Purity Solvent Market, High Purity Solvent Market Size, High Purity Solvent Market Growth, High Purity Solvent Market Analysis, High Purity Solvent Market Report, High Purity Solvent Market Share, High Purity Solvent Market Trends, High Purity Solvent Market Forecast, High Purity Solvent Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global High Purity Solvent Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global High Purity Solvent Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global High Purity Solvent Market by Type
3.3.1: Spectrophotometric Solvent
3.3.2: UHPLC and LC/MS Solvent
3.3.3: HPLC Solvent
3.3.4: GC Solvent
3.4: Global High Purity Solvent Market by Category
3.4.1: Polar Solvent
3.4.2: Non-Polar Solvent
3.5: Global High Purity Solvent Market by Application
3.5.1: Liquid Crystal
3.5.2: Lithium Ion Battery
3.5.3: Electroplating
3.5.4: Resin
3.5.5: Catalyst
3.5.6: Others
3.6: Global High Purity Solvent Market by End Use
3.6.1: Pharmaceutical and Biopharmaceutical
3.6.2: Chemical Laboratory
3.6.3: Cosmetic
3.6.4: Food & Beverage
3.6.5: Agriculture
3.6.6: Paint & Coating
3.6.7: Biotechnology
3.6.8: Electrical & Electronic
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global High Purity Solvent Market by Region
4.2: North American High Purity Solvent Market
4.2.1: North American High Purity Solvent Market by Application: Liquid Crystal, Lithium Ion Battery, Electroplating, Resin, Catalyst, and Others
4.2.2: North American High Purity Solvent Market by End Use: Pharmaceutical and Biopharmaceutical, Chemical Laboratory, Cosmetic, Food & Beverage, Agriculture, Paint & Coating, Biotechnology, Electrical & Electronic, and Others
4.3: European High Purity Solvent Market
4.3.1: European High Purity Solvent Market by Application: Liquid Crystal, Lithium Ion Battery, Electroplating, Resin, Catalyst, and Others
4.3.2: European High Purity Solvent Market by End Use: Pharmaceutical and Biopharmaceutical, Chemical Laboratory, Cosmetic, Food & Beverage, Agriculture, Paint & Coating, Biotechnology, Electrical & Electronic, and Others
4.4: APAC High Purity Solvent Market
4.4.1: APAC High Purity Solvent Market by Application: Liquid Crystal, Lithium Ion Battery, Electroplating, Resin, Catalyst, and Others
4.4.2: APAC High Purity Solvent Market by End Use: Pharmaceutical and Biopharmaceutical, Chemical Laboratory, Cosmetic, Food & Beverage, Agriculture, Paint & Coating, Biotechnology, Electrical & Electronic, and Others
4.5: ROW High Purity Solvent Market
4.5.1: ROW High Purity Solvent Market by Application: Liquid Crystal, Lithium Ion Battery, Electroplating, Resin, Catalyst, and Others
4.5.2: ROW High Purity Solvent Market by End Use: Pharmaceutical and Biopharmaceutical, Chemical Laboratory, Cosmetic, Food & Beverage, Agriculture, Paint & Coating, Biotechnology, Electrical & Electronic, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global High Purity Solvent Market by Type
6.1.2: Growth Opportunities for the Global High Purity Solvent Market by Category
6.1.3: Growth Opportunities for the Global High Purity Solvent Market by Application
6.1.4: Growth Opportunities for the Global High Purity Solvent Market by End Use
6.1.5: Growth Opportunities for the Global High Purity Solvent Market by Region
6.2: Emerging Trends in the Global High Purity Solvent Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global High Purity Solvent Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global High Purity Solvent Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Exxon Mobil
7.2: BASF
7.3: Asahi Kasei
7.4: Linde
7.5: Thermo Fisher Scientific
7.6: High Purity Laboratory Chemicals
7.7: Evonik Industries
7.8: Merck
7.9: Spectrum Chemical Manufacturing
7.10: Tedia
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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