Aprotic Solvents Market - By Product Type, By Source, By Application, By End-use Industry, By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030

The Aprotic Solvents Market size is estimated to reach US$24.02 million by 2030, after growing at a CAGR of 3.6% from 2024 to 2030. Aprotic solvents are those compounds that do not exhibit proton or hydrogen atoms and include acetone, acetonitrile, pyridine, and other aliphatic or aromatic solvents that do not contain acidic or basic groups. The growing automotive sector is driving the growth of the aprotic solvents market, to be utilized in automotive care products such as paints and coatings, greases, automotive washing and cleaning products, and others. Moreover, the increasing requirement for aprotic solvents in the electrical & and electronics industry for the manufacturing of tablets, monitors, outdoor signage, and other electrical and electronic devices is anticipated to upsurge the growth of the aprotic solvents industry during the forecast period. According to Invest India, In FY23, domestic electronics production reached $101 Bn, with major segments including Mobile Phones (43%), IT Hardware (5%), Consumer Electronics (12%), Strategic Electronics (5%), Industrial Electronics (12%), Wearables & Hearables (0.3%), and other components. AS strategic electronics witnessing robust expansion, the demand for aprotic solvents is expected to rise, driven by their crucial role in electronics manufacturing processes.  Moreover, aprotic solvents are widely used in the synthesis of pharmaceuticals and specialty chemicals. As the pharmaceutical and chemical industries continue to grow, the demand for these solvents is likely to increase in the forecast year.

 

 

The “Aprotic Solvents Market Report – Forecast (2024 - 2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Aprotic Solvents industry.

 

By Product Type: N-Methyl-2-Pyrrolidone, Toluene, Benzene, Acetone and Others.

By Source: Bio-based and Conventional.

By Application: Paints & Coatings, Adhesives and Sealants, Lubricants and Greases, Inks and Toners, Polishes & Waxes, Washing & Cleaning Products, Agrochemicals, and Others.

By End-use Industry: Oil & Gas, Chemical & Petrochemical, Pharmaceutical & Healthcare, Building & Construction (Residential, Commercial, Industrial, Infrastructure), Electrical & Electronics, Agriculture, Textile & Apparel, Automotive (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicle) and Others.

By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

 

 

•The Asia-Pacific region dominates the Aprotic Solvents market owing to the rising growth in the building and construction industry. According to Invest India, by 2025, the building and construction industry is estimated to reach US$1.4 trillion.

•Rapidly rising demand for Aprotic Solvents in the automotive industry for automotive care products such as paints and coatings, greases, automotive washing and cleaning products, and others has driven the growth of the Aprotic Solvents market.

•The increasing demand for Aprotic Solvents in the electrical & and electronics sector, due to its usage in the production of tablets, monitors, mobile phones, televisions, outdoor signage, and other electrical and electronic devices, has been a critical factor driving the growth of the Aprotic Solvents market in the upcoming years.

•However, the health and environmental issues associated with Aprotic Solvents can hinder the growth of the Aprotic Solvents market.

 

 

The paints & coatings segment held the largest share of the Aprotic Solvents Market in 2023 and is estimated to grow at a CAGR of 3.8% during the forecast period 2024-2030. Aprotic solvents in paints & coatings have high longevity and durability and are non-flammable. These solvents such as acetone, acetonitrile, pyridine and others are utilized in paints and coatings to increase adhesion. Aprotic solvents enhance UV and thermal stability, chemical resistance, surface strength and corrosion and scratch resistance. The market for the paints and coatings segment is anticipated to rise, owing to rapidly rising modern advancements in paints & coatings technology and residential construction activities. Moreover, The Ministry of Housing and Urban Affairs oversees the PMAY-U 'Housing for All' Mission, aimed at addressing a 2-crore housing shortage. Government data reveals 1.19 crore houses sanctioned as of August 2023. The rising construction activities require more paints & coatings, which is driving the growth of the Aprotic Solvents market, to be utilized in these paints & coatings.

 

 

The building & construction industry held the largest Aprotic Solvents Market share in 2023 and is estimated to grow at a CAGR of 4.1% during the forecast period 2024-2030. In the building & construction industry, aprotic solvents are utilized in adhesives & sealants, paints, and coatings to increase the bonding between polymer matrix and fiber surface. It is also used in other applications to significantly reduce porosity in renders, concrete, and plasters, making them water-repellent. It is used for joining and sealing the passage of fluids, as a type of mechanical seal. According to the US Department of Commerce, the privately-owned housing units authorized by building permits in March 2022 were around 1,873,000 which is 0.4% above February 2022 of 1,865,000 units and 6.7% above March 2021 of around 1,755,000 units. Thus, the growing building and construction industry would require more aprotic solvents for adhesives & sealants, paints and coatings and polishes due to their exhibit characteristics, which would drive the demand for the Aprotic Solvents market growth during the forecast period.

 

 

Asia-Pacific region dominated the Aprotic Solvents Market with a share of 41.7% in 2023. It was due to the increasing requirement for aprotic solvents in developing countries such as China, Japan, India, and South Korea. China is expected to continue its dominance in the aprotic solvents market during the forecast period. This is due to the growth of the building & construction industry in the country. According to the Australian Government, the 2023-24 Federal Budget outlines a $62.8 billion, 2.13% of total general government spending, for infrastructure over four years, a 2% increase from the previous year, surpassing the long-term trend by $17.4 billion. also, according to the Building and Construction Authority (BCA), Singapore's 2023 construction demand is expected to stay robust at S$27-32 billion, mirroring the previous year's forecast, signaling sustained industry strength Such increasing building & construction activities in the APAC countries are anticipated to increase the demand for aprotic solvents applications in the forecasted period and are proving to be a market booster for the Aprotic Solvents market size in this region.

 

 

 

In the automotive industry, Aprotic Solvents are utilized in automotive care products such as paints and coatings, greases, automotive washing and cleaning products and polishes, and in other applications. According to the European Automobile Manufacturers' Association (ACEA), EU car production surged by 14% in Q1-Q3 2023, surpassing nine million units, compared to the same period in 2022, reflecting robust growth in the automotive sector. Also, according to Trade Economics, In December 2023, car production in the United States rose to 10.80 million units, up from 10.47 million units in November, reflecting a positive trend in manufacturing. With the increasing production of automobiles, it is estimated that the requirement for aprotic solvents in the automotive industry will rise in the upcoming years. It would, thus, boost the growth of the Aprotic Solvents industry.

 

 

The electrical and electronics industry uses Aprotic Solvents like acetone, acetonitrile, pyridine and others due to their properties such as high temperature, UV and humidity resistance, high cohesion, peel strength and high transmittance. Aprotic solvents are used in the manufacturing of tablets, monitors, mobile phones, televisions, outdoor signage and other electrical and electronic devices. According to the Indian Brand Equity Foundation (IBEF), the Indian electronics manufacturing industry is projected to reach US$520 billion by 2025. Thus, increasing electrical and electronic device production would require more aprotic solvents and therefore, is estimated to boost the growth of the Aprotic Solvents market.

 

 

Health and Environmental Issues Associated with Aprotic Solvents:

The Aprotic Solvents exhibit various advantages and applications in different end-use industries. However, there is a potential danger to health from the use of aprotic solvents on humans and the environment. The toxic effects on human health include heart attack, kidney damage, and an increased risk of high blood pressure. Environmental rules and regulations continue to implement limitations on the utilization and disposal of toxic chemicals and force the industrial sector to search for an environment-friendly and safer substitute. Aprotic solvents are flammable; therefore, their transporting is strenuous in the industries. Thus, the health and environmental issues associated with Aprotic Solvents would create hurdles for the growth of the market.

 

 

• Technology launches, acquisitions, and R&D activities are key strategies players adopt in the Aprotic Solvents market. The top 10 companies in the Aprotic Solvents market are Dow, Eastman Chemical Company, BASF SE, Mitsubishi Chemical Corporation, Merck KGaA, Gaylord Chemical Company LLC, Mitsui Chemicals, Inc, Thermo Fisher Scientific, Santa Cruz Biotechnology, Inc., INEOS. Among others.      

Recent Development:

 

•  In April 2022, Merck KGaA, a leading science and technology company, launched Cyrene, a sustainable dipolar Aprotic Solvent, manufactured in two steps from a renewable cellulose source.
• May 2023, TFL extends its exclusive distributor partnership with Dow for three more years, reaffirming its role in reselling Dow's renowned leather finishing and wet-end process brands globally. The collaboration includes ROSILK™, HYDRHOLAC™, OPTI-MATT™, PRIMAL™, ACRYSOL™, LUBRITAN™, and LEUKOTAN™ in the natural leather industry.
• In February 2023, Eastman's care additives business completed a major expansion of tertiary amine capacity, focusing on DIMLA 1214, at Ghent, Belgium, and Pace, Florida. The Ghent expansion increased capacity, and Pace's expansion enhanced production flow, solidifying its status as the world's largest tertiary amine unit.