The global aprotic solvents market was valued at US$15.645 billion in 2019 and is expected to grow at a CAGR of 3.35% over the forecast period to reach a total market size of US$19.704 billion by 2026.
Protic means "proton," while aprotic means "no proton." Aprotic solvents are those that lack a hydrogen atom or bond. Aprotic solvents have high dielectric constants as well as high dipole moments. They do not, however, engage in hydrogen bonding. Because of their strong polarity, they may dissolve charged species such as anions and nucleophiles. As a result, these solvents are more reactive.
Growing demand for environmentally friendly solutions, increasing usages of solvents due to advanced features such as high relative permittivity, low reactivity, and thermal stability, as well as the use of aprotic solvents in gas production and oil refining, the presence of a large pharmaceutical industry, and an increase in product extensions in terms of technological innovation are all factors.
On the other hand, rising stringent environmental regulations, as well as rapid development in the pharmaceutical industry, which is considered the fastest-growing application sector, will further contribute by generating immense opportunities, leading to the growth of the aprotic solvent market in the above-mentioned projected timeframe. Volatility in raw material costs, as well as rigorous regime requirements, are expected to function as market constraints for the expansion of aprotic solvent.
The Asia-Pacific region is expected to be the dominant regional market for aprotic solvents. Factors such as rising use in the pharmaceutical, paint, and oil & gas industries are expected to fuel market expansion. According to the Department for Promotion of Industry and Internal Trade (DPIIT), between April 2000 and June 2021, Indian pharmaceuticals attracted USD 18,121 million in FDI financial inflows. According to the International Association of Oil and Gas Producers, Asia-Pacific oil output is 7.9 million barrels per day. China is by far the largest oil producer in the Asia Pacific. Its 3.8 million barrels per day output gives it a 49 % share of the region's total. Indonesia had a 12 % stake, India had an 11 %, and Malaysia had a 9 % share.
The oil and gas industry is the dominant section, and its demand is extensively driven by the increasing global demand for petroleum products. The usage of aprotic solvents in gas production and oil refining, as well as their various properties such as high relative permeability, low reactivity, and thermal stability, are projected to drive up demand for aprotic solvents. N-Methyl-2-Pyrrolidone (NMP) is one of the important products due to its ability to dissolve a wide spectrum of metals and is expected to see widespread use, particularly in the plastic and oil and gas sectors. Rising demand from rising nations such as Indonesia, China, South Korea, and India has resulted in the increasing use of aprotic solvents, which has boosted the market even more. As a result, demand for the aprotic solvents is projected to rise from the oil and gas industry over the forecast period.
Because of their exceptional polarities and solubilities, dipolar aprotic solvents (DMSO, DMF, DMAc, NMP, and others) have been widely employed in chemical synthesis and pharmaceutical research, but most of them are not green due to their negative effects on human health and environmental hazards caused by their inherent toxicity, as well as large wastewater streams and high-energy-inputted processes. As a result, one of the most essential aspects of green chemistry is reducing and eliminating the usage of such solvents.
The COVID-19 pandemic has had a detrimental impact on the global aprotic solvents market. There was very limited mobility of vehicles due to the lockdown and restrictions. Because of the lockdown, most factories were closed, resulting in reduced demand for energy and, as a result, a drop in world oil consumption. This has had a significant impact on the oil and gas industry, as well as the market for aprotic solvents. Furthermore, other end-user sectors, such as paints and coatings, adhesives, and plastics, were impacted by the COVID-19 outbreak since building operations were halted in most nations across the world. The easing of the lockdown and the opening of the markets, on the other hand, are promising indications for the aprotic solvents market.
|Market size value in 2019||US$15.645 billion|
|Market size value in 2026||US$19.704 billion|
|Growth Rate||CAGR of 3.35% from 2019 to 2026|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Eastman Chemical Company, BASF SE, DuPont de Nemours, Inc., Arkema, INEOS, Ashland, Mitsui Chemicals, The Dow Chemical Company, Mitsubishi Chemical, AlzChem Group AG|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the aprotic solvents market?
A1. The aprotic solvents market is expected to grow at a CAGR of 3.35% during the forecast period.
Q2. What will be the aprotic solvents market size by 2026?
A2. The global aprotic solvents market is expected to reach a market size of US$19.704 billion by 2026.
Q3. What is the size of the global aprotic solvents market?
A3. Aprotic Solvents Market was valued at US$15.645 billion in 2019.
Q4. Which region holds the maximum market share in the aprotic solvents market?
A4. The Asia-Pacific region is expected to dominate the aprotic solvents market.
Q5. What factors are anticipated to drive the aprotic solvents market growth?
A5. The usage of aprotic solvents in gas production and oil refining, as well as their various properties such as high relative permeability, low reactivity, and thermal stability, are projected to drive up demand for aprotic solvents.
Eastman Chemical Company
DuPont de Nemours, Inc.
The Dow Chemical Company
AlzChem Group AG
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