Report updated on 11th September, 2021: Global Oxygenated Solvents Market 2021 (Includes Business Impact of COVID-19)
Global Oxygenated Solvents Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global oxygenated solvents market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global oxygenated solvents market report has been segmented on the basis of type, application, and region.
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The global Oxygenated Solvents market size was valued at USD$24.47 billion in 2020 and is projected to reach USD $51.65 billion by 2030, and is anticipated to expand at a CAGR of 7.73% over the forecast period from 2020 to 2030.
Introduction:
Oxygenated solvent is an organic solvent that contains oxygen molecules. Oxygenated solvents include alcohols, glycol ethers, methyl acetate, ethyl acetate, ketones, esters, and glycol ether/esters. It is extensively used in paints, pharmaceuticals, inks, fragrances, adhesives, cosmetics, detergents, food, agrochemicals, and cleaning products. In addition, it can be used as diluents, coupling agents, or other functional additives in various types of formulations.
Dynamics:
Rapid industrialization in developed and developing countries and increasing demand for organic solvent from pharmaceuticals industry are major factors expected to drive growth of the global oxygenated solvents market. In addition, increasing construction and reconstruction activities across the globe is resulting in rising demand for paint and coating products, coupled with increasing adoption of oxygenated solvents, owing to its high solvency power is another factor expected to support growth of the global market.
Moreover, flourishing cosmetic industry in developed countries, coupled with increasing adoption of oxygenated solvents by cosmetic industry, owing low toxicity property is another factor expected to support growth of the global market to certain extent. In addition, booming agriculture sector in developing countries and wide applicability of oxygenated solvents in crop protection is another factor expected to support growth of the global market. Furthermore, wide applicability in various industries such as automotive, construction, and consumer goods is another factor expected to support growth of the market.
However, stringent government regulations related to VOC emission is a major factor expected to hamper growth of the global oxygenated solvents market.
Technological advancements and increasing R&D activities by major players is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities by major players through strategic agreements is expected to further expected to support growth of the market to certain extent.
Region Analysis:
The market in North America is expected to dominate the global oxygenated solvents market in terms of revenue and is expected to continue its dominance over the forecast period. This can be attributed to increasing demand from cosmetic industry and presence of major players operating in the countries in this region. In addition, increasing merger and acquisition activities among regional and international players is expected to further support growth of the target market in this region to certain extent. The market in Asia Pacific is expected to witness faster growth, owing to increasing demand from pharmaceutical sector and presence of major manufacturers operating in the emerging economies in this region. The market in Latin America is expected to witness moderate growth over the forecast period, owing in increasing presence of major paint and coating manufacturers in the developing economies such as Brazil and Argentina in this region. The market in Europe is expected to contribute significant revenue share in the global market over the forecast period.
Below are the active patents related to Oxygenated Solvents Market.
Patent Number: US20090224204A1
Fuel composition comprising humins
Abstract
A fuel composition comprises humins and at least one organic oxygenated solvent which has an apparent viscosity of at most 1.5 Pa.s at 100 °C at a shear rate of 30 s-1. Humins are produced by the dehydration of carbohydrates. The organic oxygenated solvent is selected from the group consisting of alcohols, ethers, aldehydes, ketones, acids, esters, which may be aromatic, cycloaliphatic and aliphatic, and mixtures thereof. The fuel compositions can be used as marine fuel.
Application File Date: 2016-02-10
Application Granted Date: 2020-01-07
Current Assignee: Furanix Technologies BV
Patent Number: US10577548B2
Oxygenated solvent and surfactant for heavy crude upgrade
Abstract
An enhanced diluent (EDIL) composition used to prepare a transportable dense crude oil composition is disclosed. An EDIL composition contains a usually used dense crude hydrocarbon diluent (DIL) plus an additive (ADD) composition that permits the amount of EDIL used in the resulting diluted transportable dense crude (EDIL:DC) to be lessened by about 20 to about 60 percent, while maintaining the viscosity and other properties of the usually used DC:DIL composition. A contemplated ADD composition is a mixture of three components, a solvent mixture, a diol and a surfactant. A contemplated EDIL composition contains about 1 to about 20 percent by weight of the ADD composition. Admixture of EDIL with a dense crude at about 80 to about 40 percent by volume of the amount of DIL usually used provides an easily transportable enhanced dense crude composition. A method of preparing a transportable dense crude composition is also disclosed.
Application File Date: 2018-10-23
Application Granted Date: 2020-03-03
Current Assignee: Petrodal Corp Sa, NTEC Versol LLC
Patent Number: US20080021204A1
Process For Removing Water From Aqueous Solutions Of Proteins
Abstract
A method for extracting water from an aqueous solution of a protein comprising the steps of: (a) intermixing the aqueous solution of the protein with a sufficient quantity of at least one glycol ether at a temperature at least 30 centigrade degrees above the lower critical solution temperature (LCST), preferably at least 20 centigrade degrees above the LCST, and most preferably at least 10 degrees above the LCST, to form a suspension comprising a concentrated aqueous protein phase and a liquid organic phase comprising said at least one glycol ether and at least 10 percent water extracted from the aqueous solution of the protein, wherein the glycol ether has an inverse solubility in water, with the proviso that the solubility of the glycol ether in water is significantly less than the solubility of water in the glycol ether, and the glycol ether does not significantly deactivate the protein, and (b) separating the concentrated aqueous protein phase formed in step (a) from at least a portion of the liquid organic phase.
Application File Date: 2005-02-18
Application Granted Date: 2014-11-11
Current Assignee: Dow Global Technologies LLC
Global Oxygenated Solvents Market Segmentation:
By Type:
- Alcohols
- Esters
- Ketones
- Glycol Ethers
- Glycol
- Bio and Green Solvents
By Application:
- Paints and Coatings
- Crop Protection
- Pharmaceuticals
- Cleaners
- Personal Care
- Lubricants
Key Market Players included in the report:
- Arkema Group
- Banner Chemicals Limited
- BASF (Germany)
- DowDuPont
- DuPont
- Eastman Chemical Company (U.S.)
- Exxon Mobil Corporation
- INEOS
- LyondellBasell Industries Holdings B.V.
- OXEA (Germany)
- Petronas (Malaysia)
- Royal Dutch Shell (Netherlands)
- SINOPEC (China)
- The Dow Chemical Company (U.S.)
Below are the key development related to Oxygenated Solvents Market in 2020 and 2021.
July 2021: Listen: All Systems GO: How Guarantees of Origin are helping underpin Europe’s renewable expansion program. Total renewables penetration targets in Europe require a "common currency" which provides a reliable price signal against which the cost of different technologies and renewable paths can be assessed. Guarantees of Origin certificates could become this common currency, incentivising the use of renewable sources as part of corporate fuel mix disclosures, and promoting a net-zero culture. In this Platts Future Energy Podcast episode, Glenn Rickson, Head of European Power Analytics, is joined by Energy Transition experts in the Platts Pricing team to discuss the scope of the Guarantees of Origin markets.
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March 2021: LOTTE CHEMICAL SELECTS HONEYWELL UOP TECHNOLOGIES FOR PHENOL AND ACETONE PRODUCTION. Honeywell International, Inc. (Charlotte, N.C.) announced that Lotte GS Chemical Corp. (Seoul, South Korea) will use Honeywell UOP Q-Max, Phenol 3G, and Evonik MSHP technologies to produce more than 565,000 metric tons per year (m.t./yr) of phenol and acetone at its petrochemicals facility in Yeosu, Korea. UOP is providing a license for the technology, in addition to basic engineering design services, key equipment, catalysts and adsorbents and technical services. As part of the project, UOP will provide a cumene unit and a phenol unit with alpha-methylstyrene (AMS) hydrogenation. The combined technologies will allow Lotte GS Chemical to produce phenol and acetone derivatives from benzene and polymer-grade propylene.
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May 2020: Poland’s Orlen purchases IPA licence and basic design. Author: Will Conroy. Poland’s PKN Orlen said on Tuesday it has purchased a licence and basic design from Badger Licensing for an isopropanol (IPA) installation. If Orlen decides to go ahead with the construction of the installation it would become only the fifth company in the world to boast innovative IPA production technology, it added. Applications in the packaging, medical and hygiene sectors – including for hand sanitizers – have seen strong demand for IPA amid the coronavirus pandemic, which has taken its price to a record high.
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