Market Size of Oxygenated Solvents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oxygenated Solvents Market Analysis
The market for oxygenated solvents is expected to register a CAGR of over 7% during the forecast period. The major factors driving the growth of the market studied include its growing applications across various end-user industries. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak have been hindering the growth of the market studied.
- The paints and coatings segment is predicted to be the largest application of oxygenated solvents over the forecast period. It is used to maintain the desired consistency and flow characteristics of paints and coatings.
- The Asia-Pacific region is expected to be the largest market for the oxygenated solvents, owing to the growing consumption from countries, such as China, India, and Japan.
