Market Size of Special Boiling Point Solvents Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Special Boiling Point Solvents Market Analysis
The special boiling point solvents marketis expected to witness moderate growth, at an estimated CAGR of 3%, over the forecast period. One of the major factors driving the market is the rising demand for paints andcoatings in various industries. A surging adhesives market and demand from the rubber industry are also expected to drive the market.
- Environmental concerns, issues regarding health and safety, and the rising popularity of water as a solvent are anticipated to hinder the growth of the market studied.
- Asia-Pacific accounted for the largest share of around 40%. The region is also expected to be registeringthe fastest CAGRover the forecast period.
