The global high purity solvent market is anticipated to grow at a significant CAGR during the forecast period. The growing usage of n-heptane solvent as a test fuel component in anti-knock engine testing is propelling the market for high purity solvents forward. The life sciences segment’s increasing use of high purity solvents for the fabrication of lab consumables is a market driver for high purity solvents. The widespread use of high purity solvents has health risks, such as toxicity in reproductive and nervous systems, which may obstruct the growth of the global high purity solvents market.
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The increasing use of high purity solvents in perfumes may present an opportunity for the global high purity solvents market. Manufacturers of high purity solvents may face a challenge in the advanced research and adoption of green and bio-based solvents. Many new developments are also being undertaken by companies globally, which is increasing the demand for high purity solvents. For instance, in April 2020, Evonik Industries AG introduce an innovative membrane reactor that may be used on an industrial scale. The growth aids in enhancing consumer interaction, as well as the company’s goodwill and revenue in the market.
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Market Coverage
- Segment Covered-
o By Type
o By Application
o By Category
- Competitive Landscape: Exxon Mobil Corporation, BASF SE, Asahi Kasei Corporation, Linde, Thermo Fisher Scientific Inc. and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global High Purity Solvent Market by Segments
By Type
- Spectrophotometric Solvents
- UHPLC and LC/MS Solvents
- HPLC Solvents
- GC Solvents
- Others
By Application
- Liquid Crystals
- Lithium-Ion Batteries
- Electroplating
- Polymer Resins
- Catalysts
- Others
By Category
- Polar Solvent
- Non-Polar Solvent
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