Aprotic Solvents Industry Size, Share, Trends, Analysis and Forecast till 2025

Growing pharmaceuticals industry is expected to drive the market over the forecast period. The Global Aprotic Solvents Market is projected to reach USD 21.79 Billion by 2025, according to a new report by Grand View Research, Inc.

In 2015, toluene dominated the product segment courtesy growing demand from end-use industries such as paints & coatings and construction. Toluene is also used in the manufacturing of benzene, an aprotic solvent, which has applications in the oil & gas and pharmaceutical industries. The growth of these industries, in turn, is projected to propel the growth of the toluene market over the forecast period.

The oil & gas sector dominated the application segment in 2015. This sector accounted for more than 30% in terms of value, in 2015. Growing demand for fossil fuels and petrochemicals is expected to drive the market in this segment, over the forecast period.

N-Methyl-2-pyrrolidone (NMP) is projected to grow at the highest CAGR of more than 5% from 2016 to 2025. This product can be used for dissolving various materials due to its excellent solvency properties, which has resulted in growing demand from the oil & gas industry.

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Among applications, the pharmaceuticals sector is projected to grow at the highest CAGR of 4.5% from 2016 to 2025. Growing consumption of bio-based solvents in this industry has resulted in high market demand. Stringent regulations against degradation of the environment due to extensive use of these chemicals have further increased the demand for bio-based solvents.

Top Players of Aprotic Solvents Market:

The Key Players include Eastman Chemical Company, BASF SE, Ashland, Mitsubishi Chemical, and Asahi Kasei.

Market Segmentation of Aprotic Solvents Market:

The Global Aprotic Solvents Market Segmented on the basis of Product and Application.

By Product:

    N-Methyl-2-pyrrolidone (NMP)
    Toluene
    Benzene
    Acetone

By Application:

    Oil & gas
    Pharma
    Paints & Coatings
    Electronics

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