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Showing posts with the label Aprotic Solvents

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 t