Global Solvent Market Is Growing at CAGR of 3.3%, Expecting Demand Boost to 22,973.4 Kilotons by 2020: Grand View Research, Inc.
The global market for solvents is expected to reach USD 31.63 billion by 2020, according to a new study by Grand View Research, Inc. Increasing demand for industrial solvents from pharmaceuticals and paints & coatings industry is expected to remain a key driving factor for the global market. Additionally, high infrastructure spending and positive industrial outlook in the emerging markets of Asia Pacific and Latin America is further expected to fuel solvent demand over the next six years.
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