Summary

The global solvents market was valued at $36.7 million in 2024, and is projected to reach $66 million by 2034, growing at a CAGR of 6% from 2024 to 2034. Solvents are chemical substances capable of dissolving, dispersing, or extracting other materials without altering their composition. They are essential in various industrial and commercial processes, acting as carriers, diluents, or cleaning agents. Solvents can be categorized based on their chemical structure, such as organic (carbon-based) or inorganic. Organic solvents include hydrocarbons, alcohols, ketones, esters, and ethers, while inorganic solvents are mainly water-based. The solvent industry globally plays a crucial role in manufacturing, construction, pharmaceuticals, and environmental applications, ensuring compliance with sustainability and safety standards.
The significant factor contributing to the market's expansion is the advancement in chemical research and development. Academic institutions and research organizations globally are actively engaged in innovative studies requiring high-quality solvents for various applications, including nuclear magnetic resonance (NMR) spectroscopy, mass spectrometry, and chromatography. The pursuit of new chemical entities and materials drives the need for solvents that offer consistency and reliability in experimental procedures.
Environmental considerations also play a pivotal role in shaping the solvents market. There is a growing emphasis on developing and utilizing bio-based and environmentally friendly solvents to minimize ecological impact. This shift is driven by stringent environmental regulations and increase in awareness of sustainable practices within the scientific community. The adoption of green solvents not only aligns with global sustainability goals but also enhances the safety and compliance of research and industrial processes.
Furthermore, technological advancements in analytical instrumentation have significantly increased the demand for high-purity solvents, as modern analytical techniques require exceptional precision and minimal interference to ensure accurate results. These advancements have led to the development of highly sophisticated instruments used in various fields, including pharmaceuticals, biotechnology, environmental analysis, and material sciences.
One key example is nuclear magnetic resonance (NMR) spectroscopy, where deuterated solvents play a crucial role. In NMR analysis, standard solvents containing hydrogen can interfere with the detection of hydrogen signals in the sample, leading to spectral distortion. Deuterated solvents, in which hydrogen atoms are replaced with deuterium, eliminate this interference, providing clearer and more interpretable spectra. As a result, the increasing reliance on NMR spectroscopy for structural elucidation, drug discovery, and quality control has driven the demand for such high-purity solvents.
Similarly, in high-performance liquid chromatography (HPLC) and gas chromatography (GC), the use of ultra-pure solvents is critical for achieving reproducible and reliable results. Impurities in solvents can lead to baseline noise, peak distortions, or reduced column efficiency, affecting the accuracy of analytical measurements. The advancement of ultra-high-performance liquid chromatography (UHPLC), which operates at higher pressures and requires even greater solvent purity, has further intensified this demand.
The solvents market globally faces several restraints that can impede its growth trajectory. One significant challenge is the stringent environmental regulations imposed by governmental bodies in both countries. These regulations aim to mitigate the environmental and health impacts associated with solvent use, particularly concerning volatile organic compounds (VOCs) that contribute to air pollution and pose health risks. Compliance with such regulations often necessitates reformulation of products, adoption of alternative solvents, or investment in emission control technologies, thereby increasing operational costs for manufacturers and potentially limiting market expansion.
On the contrary, the growing emphasis on environmental sustainability is significantly reshaping the solvents market, particularly with the increasing adoption of bio-based solvents. As global concerns over environmental degradation, carbon emissions, and resource depletion continue to rise, industries are actively seeking greener alternatives to conventional petrochemical-based solvents. This shift is being driven by stringent regulatory frameworks, such as environmental protection laws and sustainability guidelines, as well as heightened consumer awareness and demand for eco-friendly products. Bio-based solvents, which are derived from renewable resources like plant-based materials, agricultural waste, and other biodegradable sources, are emerging as a key solution to reducing the ecological footprint of industrial operations. Unlike their petrochemical counterparts, these solvents offer lower toxicity, reduced volatile organic compound (VOC) emissions, and enhanced biodegradability, making them an attractive choice across multiple applications.
The global solvents market is segmented on the basis of solvent type and region. On the basis of solvent type, the market is categorized into for instrumental analysis (Methanol, Acetonitrile, 2-Propanol, Chloroform, Dichloromethane, and Acetone), for research (Dimethyl Sulfoxide, Ethyl Alcohol, Chloroform, Methanol, 2-Propanol, and Tetrahydrofuran), and for QC (Ethanol, Acetone, Toluene, 2-Propanol, Isobutyl Methyl Ketone, Methanol, and Tetrahydrofuran). Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major prominent players operating in the global solvents market include Honeywell International Inc, ChemSupply Australia, Thermo Fisher Scientific Inc., Westlab Pty. Ltd., Rowe Scientific Pty Ltd., ACE Chemical Company, Australian Scientific Pty Ltd., Agilent, Shimadzu Corporation, and Research Solutions Group, Inc.
Key Benefits For Stakeholders
●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global solvents market analysis from 2024 to 2034 to identify the prevailing global solvents market opportunities.
●The market research is offered along with information related to key drivers, restraints, and opportunities.
●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
●In-depth analysis of the global solvents market segmentation assists to determine the prevailing market opportunities.
●Major countries in each region are mapped according to their revenue contribution to the global market.
●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
●The report includes the analysis of the regional as well as global global solvents market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:
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Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
● Analysis of raw material in a product (by %)
● Manufacturing Capacity
● Product Life Cycles
● Upcoming/New Entrant by Regions
● Technology Trend Analysis
● Go To Market Strategy
● New Product Development/ Product Matrix of Key Players
● Patient/epidemiology data at country, region, global level
● Regulatory Guidelines
● Strategic Recommedations
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Average Selling Price Analysis / Price Point Analysis
● Historic market data
● Import Export Analysis/Data
● SWOT Analysis
● Volume Market Size and Forecast
Key Market Segments
By Solvent Type
● For Instrumental Analysis
○ Type
○ Methanol
○ Acetonitrile
○ 2-Propanol
○ Chloroform
○ Dichloromethane
○ Acetone
● For Research
○ Type
○ Dimethyl Sulfoxide
○ Ethyl Alcohol
○ Chloroform
○ Methanol
○ 2-Propanol
○ Tetrahydrofuran
● For QC
○ Type
○ Ethanol
○ Acetone
○ Toluene
○ 2-Propanol
○ Isobutyl Methyl Ketone
○ Methanol
○ Tetrahydrofuran
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ Germany
○ UK
○ France
○ Spain
○ Italy
○ Rest of Europe
● Asia-Pacific
○ China
○ India
○ Japan
○ South Korea
○ Australia
○ Rest of Asia-Pacific
● LAMEA
○ Brazil
○ Saudi Arabia
○ South Africa
○ Rest of LAMEA
● Key Market Players
○ Agilent Technologies Inc.
○ Shimadzu Corporation
○ Thermo Fisher Scientific Inc.
○ ROWE SCIENTIFIC PTY LTD
○ AUSTRALIAN SCIENTIFIC PTY LTD
○ Research Solutions Group, Inc.
○ WESTLAB PTY. LTD.
○ Honeywell International Inc.
○ ACE CHEMICAL COMPANY
○ CHEMSUPPLY AUSTRALIA

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Medium bargaining power of suppliers
3.3.2. Medium threat of new entrants
3.3.3. Medium threat of substitutes
3.3.4. Medium intensity of rivalry
3.3.5. Medium bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rapid advancement in chemical research and development
3.4.1.2. Technological advancements in analytical instrumentation
3.4.1.3. Technical advancements and increase in demand for precision
3.4.2. Restraints
3.4.2.1. Stringent environment regulations
3.4.3. Opportunities
3.4.3.1. Focus on high-quality research
3.4.3.2. Increase in emphasis on environmental sustainability
CHAPTER 4: GLOBAL SOLVENTS MARKET, BY SOLVENT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. For Instrumental Analysis
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.2.4. For Instrumental Analysis Global Solvents Market by Type
4.2.4.1. Methanol Market size and forecast, by region
4.2.4.2. Methanol Market size and forecast, by country
4.2.4.3. Acetonitrile Market size and forecast, by region
4.2.4.4. Acetonitrile Market size and forecast, by country
4.2.4.5. 2-Propanol Market size and forecast, by region
4.2.4.6. 2-Propanol Market size and forecast, by country
4.2.4.7. Chloroform Market size and forecast, by region
4.2.4.8. Chloroform Market size and forecast, by country
4.2.4.9. Dichloromethane Market size and forecast, by region
4.2.4.10. Dichloromethane Market size and forecast, by country
4.2.4.11. Acetone Market size and forecast, by region
4.2.4.12. Acetone Market size and forecast, by country
4.3. For Research
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.3.4. For Research Global Solvents Market by Type
4.3.4.1. Dimethyl Sulfoxide Market size and forecast, by region
4.3.4.2. Dimethyl Sulfoxide Market size and forecast, by country
4.3.4.3. Ethyl Alcohol Market size and forecast, by region
4.3.4.4. Ethyl Alcohol Market size and forecast, by country
4.3.4.5. Chloroform Market size and forecast, by region
4.3.4.6. Chloroform Market size and forecast, by country
4.3.4.7. Methanol Market size and forecast, by region
4.3.4.8. Methanol Market size and forecast, by country
4.3.4.9. 2-Propanol Market size and forecast, by region
4.3.4.10. 2-Propanol Market size and forecast, by country
4.3.4.11. Tetrahydrofuran Market size and forecast, by region
4.3.4.12. Tetrahydrofuran Market size and forecast, by country
4.4. For QC
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
4.4.4. For QC Global Solvents Market by Type
4.4.4.1. Ethanol Market size and forecast, by region
4.4.4.2. Ethanol Market size and forecast, by country
4.4.4.3. Acetone Market size and forecast, by region
4.4.4.4. Acetone Market size and forecast, by country
4.4.4.5. Toluene Market size and forecast, by region
4.4.4.6. Toluene Market size and forecast, by country
4.4.4.7. 2-Propanol Market size and forecast, by region
4.4.4.8. 2-Propanol Market size and forecast, by country
4.4.4.9. Isobutyl Methyl Ketone Market size and forecast, by region
4.4.4.10. Isobutyl Methyl Ketone Market size and forecast, by country
4.4.4.11. Methanol Market size and forecast, by region
4.4.4.12. Methanol Market size and forecast, by country
4.4.4.13. Tetrahydrofuran Market size and forecast, by region
4.4.4.14. Tetrahydrofuran Market size and forecast, by country
CHAPTER 5: GLOBAL SOLVENTS MARKET, BY REGION
5.1. Overview
5.1.1. Market size and forecast By Region
5.2. North America
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by Solvent Type
5.2.2.1. North America For Instrumental Analysis Global Solvents Market by Type
5.2.2.2. North America For Research Global Solvents Market by Type
5.2.2.3. North America For QC Global Solvents Market by Type
5.2.3. Market size and forecast, by country
5.2.3.1. U.S.
5.2.3.1.1. Market size and forecast, by Solvent Type
5.2.3.1.1.1. U.S. For Instrumental Analysis Global Solvents Market by Type
5.2.3.1.1.2. U.S. For Research Global Solvents Market by Type
5.2.3.1.1.3. U.S. For QC Global Solvents Market by Type
5.2.3.2. Canada
5.2.3.2.1. Market size and forecast, by Solvent Type
5.2.3.2.1.1. Canada For Instrumental Analysis Global Solvents Market by Type
5.2.3.2.1.2. Canada For Research Global Solvents Market by Type
5.2.3.2.1.3. Canada For QC Global Solvents Market by Type
5.2.3.3. Mexico
5.2.3.3.1. Market size and forecast, by Solvent Type
5.2.3.3.1.1. Mexico For Instrumental Analysis Global Solvents Market by Type
5.2.3.3.1.2. Mexico For Research Global Solvents Market by Type
5.2.3.3.1.3. Mexico For QC Global Solvents Market by Type
5.3. Europe
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by Solvent Type
5.3.2.1. Europe For Instrumental Analysis Global Solvents Market by Type
5.3.2.2. Europe For Research Global Solvents Market by Type
5.3.2.3. Europe For QC Global Solvents Market by Type
5.3.3. Market size and forecast, by country
5.3.3.1. Germany
5.3.3.1.1. Market size and forecast, by Solvent Type
5.3.3.1.1.1. Germany For Instrumental Analysis Global Solvents Market by Type
5.3.3.1.1.2. Germany For Research Global Solvents Market by Type
5.3.3.1.1.3. Germany For QC Global Solvents Market by Type
5.3.3.2. UK
5.3.3.2.1. Market size and forecast, by Solvent Type
5.3.3.2.1.1. UK For Instrumental Analysis Global Solvents Market by Type
5.3.3.2.1.2. UK For Research Global Solvents Market by Type
5.3.3.2.1.3. UK For QC Global Solvents Market by Type
5.3.3.3. France
5.3.3.3.1. Market size and forecast, by Solvent Type
5.3.3.3.1.1. France For Instrumental Analysis Global Solvents Market by Type
5.3.3.3.1.2. France For Research Global Solvents Market by Type
5.3.3.3.1.3. France For QC Global Solvents Market by Type
5.3.3.4. Spain
5.3.3.4.1. Market size and forecast, by Solvent Type
5.3.3.4.1.1. Spain For Instrumental Analysis Global Solvents Market by Type
5.3.3.4.1.2. Spain For Research Global Solvents Market by Type
5.3.3.4.1.3. Spain For QC Global Solvents Market by Type
5.3.3.5. Italy
5.3.3.5.1. Market size and forecast, by Solvent Type
5.3.3.5.1.1. Italy For Instrumental Analysis Global Solvents Market by Type
5.3.3.5.1.2. Italy For Research Global Solvents Market by Type
5.3.3.5.1.3. Italy For QC Global Solvents Market by Type
5.3.3.6. Rest of Europe
5.3.3.6.1. Market size and forecast, by Solvent Type
5.3.3.6.1.1. Rest of Europe For Instrumental Analysis Global Solvents Market by Type
5.3.3.6.1.2. Rest of Europe For Research Global Solvents Market by Type
5.3.3.6.1.3. Rest of Europe For QC Global Solvents Market by Type
5.4. Asia-Pacific
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by Solvent Type
5.4.2.1. Asia-Pacific For Instrumental Analysis Global Solvents Market by Type
5.4.2.2. Asia-Pacific For Research Global Solvents Market by Type
5.4.2.3. Asia-Pacific For QC Global Solvents Market by Type
5.4.3. Market size and forecast, by country
5.4.3.1. China
5.4.3.1.1. Market size and forecast, by Solvent Type
5.4.3.1.1.1. China For Instrumental Analysis Global Solvents Market by Type
5.4.3.1.1.2. China For Research Global Solvents Market by Type
5.4.3.1.1.3. China For QC Global Solvents Market by Type
5.4.3.2. India
5.4.3.2.1. Market size and forecast, by Solvent Type
5.4.3.2.1.1. India For Instrumental Analysis Global Solvents Market by Type
5.4.3.2.1.2. India For Research Global Solvents Market by Type
5.4.3.2.1.3. India For QC Global Solvents Market by Type
5.4.3.3. Japan
5.4.3.3.1. Market size and forecast, by Solvent Type
5.4.3.3.1.1. Japan For Instrumental Analysis Global Solvents Market by Type
5.4.3.3.1.2. Japan For Research Global Solvents Market by Type
5.4.3.3.1.3. Japan For QC Global Solvents Market by Type
5.4.3.4. South Korea
5.4.3.4.1. Market size and forecast, by Solvent Type
5.4.3.4.1.1. South Korea For Instrumental Analysis Global Solvents Market by Type
5.4.3.4.1.2. South Korea For Research Global Solvents Market by Type
5.4.3.4.1.3. South Korea For QC Global Solvents Market by Type
5.4.3.5. Australia
5.4.3.5.1. Market size and forecast, by Solvent Type
5.4.3.5.1.1. Australia For Instrumental Analysis Global Solvents Market by Type
5.4.3.5.1.2. Australia For Research Global Solvents Market by Type
5.4.3.5.1.3. Australia For QC Global Solvents Market by Type
5.4.3.6. Rest of Asia-Pacific
5.4.3.6.1. Market size and forecast, by Solvent Type
5.4.3.6.1.1. Rest of Asia-Pacific For Instrumental Analysis Global Solvents Market by Type
5.4.3.6.1.2. Rest of Asia-Pacific For Research Global Solvents Market by Type
5.4.3.6.1.3. Rest of Asia-Pacific For QC Global Solvents Market by Type
5.5. LAMEA
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by Solvent Type
5.5.2.1. LAMEA For Instrumental Analysis Global Solvents Market by Type
5.5.2.2. LAMEA For Research Global Solvents Market by Type
5.5.2.3. LAMEA For QC Global Solvents Market by Type
5.5.3. Market size and forecast, by country
5.5.3.1. Brazil
5.5.3.1.1. Market size and forecast, by Solvent Type
5.5.3.1.1.1. Brazil For Instrumental Analysis Global Solvents Market by Type
5.5.3.1.1.2. Brazil For Research Global Solvents Market by Type
5.5.3.1.1.3. Brazil For QC Global Solvents Market by Type
5.5.3.2. Saudi Arabia
5.5.3.2.1. Market size and forecast, by Solvent Type
5.5.3.2.1.1. Saudi Arabia For Instrumental Analysis Global Solvents Market by Type
5.5.3.2.1.2. Saudi Arabia For Research Global Solvents Market by Type
5.5.3.2.1.3. Saudi Arabia For QC Global Solvents Market by Type
5.5.3.3. South Africa
5.5.3.3.1. Market size and forecast, by Solvent Type
5.5.3.3.1.1. South Africa For Instrumental Analysis Global Solvents Market by Type
5.5.3.3.1.2. South Africa For Research Global Solvents Market by Type
5.5.3.3.1.3. South Africa For QC Global Solvents Market by Type
5.5.3.4. Rest of LAMEA
5.5.3.4.1. Market size and forecast, by Solvent Type
5.5.3.4.1.1. Rest of LAMEA For Instrumental Analysis Global Solvents Market by Type
5.5.3.4.1.2. Rest of LAMEA For Research Global Solvents Market by Type
5.5.3.4.1.3. Rest of LAMEA For QC Global Solvents Market by Type
CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
6.2. Top winning strategies
6.3. Product mapping of top 10 player
6.4. Competitive dashboard
6.5. Competitive heatmap
6.6. Top player positioning, 2024
CHAPTER 7: COMPANY PROFILES
7.1. ACE CHEMICAL COMPANY
7.1.1. Company overview
7.1.2. Key executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.2. Agilent Technologies Inc.
7.2.1. Company overview
7.2.2. Key executives
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. Business performance
7.3. AUSTRALIAN SCIENTIFIC PTY LTD
7.3.1. Company overview
7.3.2. Key executives
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.4. CHEMSUPPLY AUSTRALIA
7.4.1. Company overview
7.4.2. Key executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.5. Research Solutions Group, Inc.
7.5.1. Company overview
7.5.2. Key executives
7.5.3. Company snapshot
7.5.4. Operating business segments
7.5.5. Product portfolio
7.6. Honeywell International Inc.
7.6.1. Company overview
7.6.2. Key executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. Business performance
7.7. Shimadzu Corporation
7.7.1. Company overview
7.7.2. Key executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. Business performance
7.8. Thermo Fisher Scientific Inc.
7.8.1. Company overview
7.8.2. Key executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Business performance
7.9. WESTLAB PTY. LTD.
7.9.1. Company overview
7.9.2. Key executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.10. ROWE SCIENTIFIC PTY LTD
7.10.1. Company overview
7.10.2. Key executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio