Aprotic Solvents Market - Forecast(2024 - 2030)

Report Code: CMR 0859 Report Format: PDF + Excel

Aprotic Solvents Market Overview

The Aprotic Solvents Market size is estimated to reach US$24.02 million by 2030, after growing at a CAGR of 3.6% from 2024 to 2030. Aprotic solvents are those compounds that do not exhibit proton or hydrogen atoms and include acetone, acetonitrile, pyridine, and other aliphatic or aromatic solvents that do not contain acidic or basic groups. The growing automotive sector is driving the growth of the aprotic solvents market, to be utilized in automotive care products such as paints and coatings, greases, automotive washing and cleaning products, and others. Moreover, the increasing requirement for aprotic solvents in the electrical & and electronics industry for the manufacturing of tablets, monitors, outdoor signage, and other electrical and electronic devices is anticipated to upsurge the growth of the aprotic solvents industry during the forecast period. According to Invest India, In FY23, domestic electronics production reached $101 Bn, with major segments including Mobile Phones (43%), IT Hardware (5%), Consumer Electronics (12%), Strategic Electronics (5%), Industrial Electronics (12%), Wearables & Hearables (0.3%), and other components. AS strategic electronics witnessing robust expansion, the demand for aprotic solvents is expected to rise, driven by their crucial role in electronics manufacturing processes.  Moreover, aprotic solvents are widely used in the synthesis of pharmaceuticals and specialty chemicals. As the pharmaceutical and chemical industries continue to grow, the demand for these solvents is likely to increase in the forecast year.

Market Snapshot: 


Report Coverage

The “Aprotic Solvents Market Report – Forecast (2024 - 2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Aprotic Solvents industry.

By Product Type: N-Methyl-2-Pyrrolidone, Toluene, Benzene, Acetone and Others.
By Source: Bio-based and Conventional.
By Application: Paints & Coatings, Adhesives and Sealants, Lubricants and Greases, Inks and Toners, Polishes & Waxes, Washing & Cleaning Products, Agrochemicals, and Others.
By End-use Industry: Oil & Gas, Chemical & Petrochemical, Pharmaceutical & Healthcare, Building & Construction (Residential, Commercial, Industrial, Infrastructure), Electrical & Electronics, Agriculture, Textile & Apparel, Automotive (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicle) and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

•The Asia-Pacific region dominates the Aprotic Solvents market owing to the rising growth in the building and construction industry. According to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.
•Rapidly rising demand for Aprotic Solvents in the automotive industry for automotive care products such as paints and coatings, greases, automotive washing and cleaning products, and others has driven the growth of the Aprotic Solvents market.
•The increasing demand for Aprotic Solvents in the electrical & and electronics sector, due to its usage in the production of tablets, monitors, mobile phones, televisions, outdoor signage, and other electrical and electronic devices, has been a critical factor driving the growth of the Aprotic Solvents market in the upcoming years.
•However, the health and environmental issues associated with Aprotic Solvents can hinder the growth of the Aprotic Solvents market.

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Aprotic Solvents Market Segment Analysis – by Application

The paints & coatings segment held the largest share of the Aprotic Solvents Market in 2023 and is estimated to grow at a CAGR of 3.8% during the forecast period 2024-2030. Aprotic solvents in paints & coatings have high longevity and durability and are non-flammable. These solvents such as acetone, acetonitrile, pyridine and others are utilized in paints and coatings to increase adhesion. Aprotic solvents enhance UV and thermal stability, chemical resistance, surface strength and corrosion and scratch resistance. The market for the paints and coatings segment is anticipated to rise, owing to rapidly rising modern advancements in paints & coatings technology and residential construction activities. Moreover, The Ministry of Housing and Urban Affairs oversees the PMAY-U 'Housing for All' Mission, aimed at addressing a 2-crore housing shortage. Government data reveals 1.19 crore houses sanctioned as of August 2023. The rising construction activities require more paints & coatings, which is driving the growth of the Aprotic Solvents market, to be utilized in these paints & coatings.

Aprotic Solvents Market Segment Analysis – by End-use Industry

The building & construction industry held the largest Aprotic Solvents Market share in 2023 and is estimated to grow at a CAGR of 4.1% during the forecast period 2024-2030. In the building & construction industry, aprotic solvents are utilized in adhesives & sealants, paints, and coatings to increase the bonding between polymer matrix and fiber surface. It is also used in other applications to significantly reduce porosity in renders, concrete, and plasters, making them water-repellent. It is used for joining and sealing the passage of fluids, as a type of mechanical seal. According to the US Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which is 0.4% above February 2022 of 1,865,000 units and 6.7% above March 2021 of around 1,755,000 units. Thus, the growing building and construction industry would require more aprotic solvents for adhesives & sealants, paints and coatings and polishes due to their exhibit characteristics, which would drive the demand for the Aprotic Solvents market growth during the forecast period.

Aprotic Solvents Market Segment Analysis – by Geography

Asia-Pacific region dominated the Aprotic Solvents Market with a share of 41.7% in 2023. It was due to the increasing requirement for aprotic solvents in developing countries such as China, Japan, India, and South Korea. China is expected to continue its dominance in the aprotic solvents market during the forecast period. This is due to the growth of the building & construction industry in the country. According to the Australian Government, the 2023-24 Federal Budget outlines a $62.8 billion, 2.13% of total general government spending, for infrastructure over four years, a 2% increase from the previous year, surpassing the long-term trend by $17.4 billion. also, according to the Building and Construction Authority (BCA), Singapore's 2023 construction demand is expected to stay robust at S$27-32 billion, mirroring the previous year's forecast, signaling sustained industry strength Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for aprotic solvents applications in the forecasted period and are proving to be a market booster for the Aprotic Solvents market size in this region.

Aprotic Solvents Market Drivers

Growing Automotive Industry:

In the automotive industry, Aprotic Solvents are utilized in automotive care products such as paints and coatings, greases, automotive washing and cleaning products and polishes, and in other applications. According to the European Automobile Manufacturers' Association (ACEA), EU car production surged by 14% in Q1-Q3 2023, surpassing nine million units, compared to the same period in 2022, reflecting robust growth in the automotive sector. Also, according to Trade Economics, In December 2023, car production in the United States rose to 10.80 million units, up from 10.47 million units in November, reflecting a positive trend in manufacturing. With the increasing production of automobiles, it is estimated that the requirement for aprotic solvents in the automotive industry will rise in the upcoming years. It would, thus, boost the growth of the Aprotic Solvents industry.

Flourishing Electrical & Electronics Industry:

The electrical and electronics industry uses Aprotic Solvents like acetone, acetonitrile, pyridine and others due to their properties such as high temperature, UV and humidity resistance, high cohesion, peel strength and high transmittance. Aprotic solvents are used in the manufacturing of tablets, monitors, mobile phones, televisions, outdoor signage and other electrical and electronic devices. According to the Indian Brand Equity Foundation (IBEF), the Indian electronics manufacturing industry is projected to reach US$520 billion by 2025. Thus, increasing electrical and electronic device production would require more aprotic solvents and therefore, is estimated to boost the growth of the Aprotic Solvents market.

Aprotic Solvents Market Challenge

Health and Environmental Issues Associated with Aprotic Solvents:
The Aprotic Solvents exhibit various advantages and applications in different end-use industries. However, there is a potential danger to health from the use of aprotic solvents on humans and the environment. The toxic effects on human health include heart attack, kidney damage, and an increased risk of high blood pressure. Environmental rules and regulations continue to implement limitations on the utilization and disposal of toxic chemicals and force the industrial sector to search for an environment-friendly and safer substitute. Aprotic solvents are flammable; therefore, their transporting is strenuous in the industries. Thus, the health and environmental issues associated with Aprotic Solvents would create hurdles for the growth of the market.

Aprotic Solvents Industry Outlook

  • Technology launches, acquisitions, and R&D activities are key strategies players adopt in the Aprotic Solvents market. The top 10 companies in the Aprotic Solvents market are Dow, Eastman Chemical Company, BASF SE, Mitsubishi Chemical Corporation, Merck KGaA, Gaylord Chemical Company LLC, Mitsui Chemicals, Inc, Thermo Fisher Scientific, Santa Cruz Biotechnology, Inc., INEOS. Among others.      

Recent Development:

  •  In April 2022, Merck KGaA, a leading science and technology company, launched Cyrene, a sustainable dipolar Aprotic Solvent, manufactured in two steps from a renewable cellulose source.
  • May 2023, TFL extends its exclusive distributor partnership with Dow for three more years, reaffirming its role in reselling Dow's renowned leather finishing and wet-end process brands globally. The collaboration includes ROSILK™, HYDRHOLAC™, OPTI-MATT™, PRIMAL™, ACRYSOL™, LUBRITAN™, and LEUKOTAN™ in the natural leather industry.
  • In February 2023, Eastman's care additives business completed a major expansion of tertiary amine capacity, focusing on DIMLA 1214, at Ghent, Belgium, and Pace, Florida. The Ghent expansion increased capacity, and Pace's expansion enhanced production flow, solidifying its status as the world's largest tertiary amine unit.

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Table of Contents

    1. Aprotic Solvents Market - Overview
       1.1 Definitions and Scope
    2. Aprotic Solvents Market - Executive Summary
       2.1 Key Trends by Product Type
       2.2 Key Trends by Source
       2.3 Key Trends by Application
       2.4 Key Trends by End-use Industry
       2.5 Key Trends by Geography 
    3. Aprotic Solvents Market - Comparative Analysis
       3.1 Company Benchmarking 
       3.2 Global Financial Analysis
       3.3 Market Share Analysis
       3.4 Patent Analysis
       3.5 Pricing Analysis
    4. Aprotic Solvents Market - Start-up Companies Scenario (Premium)
       4.1  Key Start-up Company Analysis by
        4.1.1  Investment
        4.1.2  Revenue
        4.1.3  Venture Capital and Funding Scenario
    5. Aprotic Solvents Market – Market Entry Scenario Premium (Premium)
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing Business Index
        5.3 Case Studies of Successful Ventures
    6. Aprotic Solvents Market - Forces
        6.3 Porter’s Five Force Model
            6.3.1 Bargaining power of suppliers
            6.3.2 Bargaining powers of customers
            6.3.3 Threat of new entrants
            6.3.4 Rivalry among existing players
            6.3.5 Threat of substitutes 
    7. Aprotic Solvents Market – Strategic Analysis
        7.1 Value Chain Analysis
        7.2 Opportunities Analysis
        7.3 Market Life Cycle
    8. Aprotic Solvents Market – By Product Type (Market Size -$Million/Billion)
        8.1 N-Methyl-2-Pyrrolidone
        8.2 Toluene
        8.3 Benzene
        8.4 Acetone
        8.5 Others 
    9. Aprotic Solvents Market - By Source (Market Size-$Million/Billion)
        9.2 Conventional
    10. Aprotic Solvents Market – By Application (Market Size -$Million / $Billion)
        10.1 Paints & Coatings
        10.2 Adhesives & Sealants
        10.3 Coatings
        10.4 Lubricants and Greases
        10.5 Inks and Toners
        10.6 Polishes & Waxes
        10.7 Washing & Cleaning Products
        10.8 Agrochemicals
        10.9 Others 
    11. Aprotic Solvents Market – By End-use Industry (Market Size -$Million / $Billion)
        11.1 Oil & Gas
        11.2 Chemical & Petrochemical 
        11.3 Pharmaceutical & Healthcare
        11.4 Building & Construction
            11.4.1 Residential
       Private Dwellings 
       Row Houses
            11.4.2 Commercial
       Healthcare Facilities
       Educational Institutes
       Shopping Malls
            11.4.3 Industrial
            11.4.4 Infrastructure
        11.5 Electrical & Electronics
        11.6 Agriculture
        11.7 Textile & Apparel
        11.8 Automotive
            11.8.1 Passenger Vehicles
            11.8.2 Light Commercial Vehicles
            11.8.3 Heavy Commercial Vehicle 
        11.9 Others
    12. Aprotic Solvents Market – by Geography (Market Size - $Million/$Billion)
        12.1 North America
            12.1.1 U.S.
            12.1.2 Canada
            12.1.3 Mexico
        12.2 Europe
            12.2.1 U.K.
            12.2.2 Germany
            12.2.3 France
            12.2.4 Italy
            12.2.5 Netherlands
            12.2.6 Spain
            12.2.7 Rest of Europe
        12.3 Asia-Pacific
            12.3.1 China
            12.3.2 Japan
            12.3.3 India
            12.3.4 South Korea
            12.3.5 Australia & New Zealand
            12.3.6 Rest of Asia-Pacific
        12.4 South America
            12.4.1 Brazil
            12.4.2 Argentina
            12.4.3 Chile
            12.4.4 Colombia
            12.4.5 Rest of South America
        12.5 Rest of The World
        12.5.1  Middle East
        12.5.2  Africa
    13. Aprotic Solvents Market - Entropy
    14. Aprotic Solvents Market – Industry/Segment Competition Landscape (Premium)  
        14.1 Market Share Analysis
            14.1.1 Global Market Share – Key Companies
            14.1.2 Market Share by Region – Key Companies
            14.1.3 Market Share by Countries – Key Companies
        14.2 Competition Matrix
        14.3 Best Practices for Companies
    15. Aprotic Solvents Market – Key Company List by Country Premium (Premium)
    16. Aprotic Solvents Market - Company Analysis
        16.1 Dow
        16.2 Eastman Chemical Company
        16.3 BASF SE 
        16.4 Mitsubishi Chemical Corporation
        16.5 Merck KGaA
        16.6 Gaylord Chemical Company LLC
        16.7 Mitsui Chemicals, Inc
        16.8 Thermo Fisher Scientific
        16.9 Santa Cruz Biotechnology, Inc. 
        16.10  INEOS
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