Global Aprotic Solvents Market worth US$18.112 billion by 2027

Global Aprotic Solvents Market worth US$18.112 billion by 2027

By Knowledge Sourcing Intelligence Press Releases

Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Global Aprotic Solvents - which is forecasted from 2020 to 2027”.

The market for Aprotic Solvents is expected to develop owing to the steadily increasing use of solvents owing to advanced characteristics such as high relative permittivity, low reactivity, and thermal stability, as well as the application of aprotic solvents for gas production and oil refining, the presence of significant pharmaceutical industry, and a surge in technical product expansion.

As per the report, Global Aprotic Solvents Market is expected to grow at a CAGR of 3.47% to reach US$18.112 billion by 2027, from US$14.265 billion in 2020. 

The words protic and aprotic signify "proton" and "no proton," respectively. Aprotic solvents are those that contain no hydrogen atoms or bonds. Large dielectric constants and dipole moments characterize aprotic liquids. They do not, however, participate in hydrogen bonding. Because of their strong polarity, they can dissolve charged species like anions and nucleophiles. As a consequence, these solvents are more reactive.

However, the rise of the aprotic solvents sector has been heavily impacted by the increasing need for effective alternatives due to non-toxicity and efficiency. Furthermore, environmental problems related to the use of aprotic solvents are projected to limit the industry's total expansion. The aprotic solvents industry's overall growth is expected to be limited by the strict government regulations imposed by several developing countries, as well as their encouragement of environmentally friendly products across industry verticals such as pharmaceuticals, medical and healthcare products, cosmetics, and others.

Based on type, the Aprotic Solvents market has been segmented into Benzene, N-Methyl-2-Pyrrolidone (NMP), Acetone, Toluene, and Others. Because of its ability to dissolve a wide spectrum of metals, N-Methyl-2-Pyrrolidone (NMP) is expected to see a widespread application, particularly in the plastic and oil and gas industries.

By application, the Aprotic Solvents market is segmented into Electronics, Oil & Gas, Pharmaceuticals, Paints and Coatings, Agrochemicals, Adhesives, and Others. The oil and gas segment is expected to be the most important, with demand for petroleum products increasing around the world. 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 likely to drive up demand for aprotic solvents.  As per the BP Statistical Review of World Energy 2020, the total oil output globally in 2019 was 95.2 million barrels per day. This amount of oil output, which includes crude oil, shale oil, oil sands, and natural gas liquids, is at an all-time high.

Based on geography segmentation, the Aprotic Solvents market in the Asia Pacific is expected to increase at a steady rate over the anticipated period. Market growth is predicted to be fueled by factors such as increased use in the pharmaceutical, paint, and oil and gas industries. Indian pharmaceuticals attracted USD 18,121 million in FDI financial inflows between April 2000 and June 2021, according to the Department for Promotion of Industry and Internal Trade (DPIIT).

As a part of the report, the major players operating in the Global Nanocellulose market, that have been covered are BASF SE, Dow, Eastman Chemical Company, AlzChem Group AG, and Mitsui Chemicals Inc.

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-aprotic-solvents-market

This analytics report segments the Global Aprotic Solvents market on the following basis:

  • By Type
    • Benzene
    • N-Methyl-2-Pyrrolidone (NMP)
    • Acetone
    • Toluene
    • Others
  • By Application
    • Electronics
    • Oil & Gas
    • Pharmaceuticals
    • Paints and Coatings
    • Agrochemicals
    • Adhesives
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Others
    • The Middle East and Africa
      • Saudi Arabia
      • South Africa
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • Australia
      • Others