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Brazil Industrial Solvents Market

Brazil Industrial Solvents Market By Type (Alcohols, Ketones, Esters, Glycols, Others); By Application (Paints & Coatings, Pharmaceuticals, Printing Inks, Adhesives & Sealants, Others); By End Use (Construction, Automotive, Electronics, Agriculture, Others); By Source (Petrochemical-Based Solvents, Bio-Based Solvents) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Brazil Industrial Solvents Market Size 2024	USD 971.41 million
Brazil Industrial Solvents Market, CGR	6.72%
Brazil Industrial Solvents Market Size 2032	USD 1,635.05 million

Market Overview

Brazil Industrial Solvents market size was valued at USD 971.41 million in 2024 and is anticipated to reach USD 1,635.05 million by 2032, at a CAGR of 6.72% during the forecast period (2024-2032).

The Brazil Industrial Solvents market is driven by several key factors, including the growing demand from industries such as paints and coatings, pharmaceuticals, and chemicals. As the country continues to industrialize, the need for solvents in manufacturing processes and formulations is rising. Increased urbanization and infrastructure development are also contributing to the market’s growth, particularly in the construction and automotive sectors. Additionally, the shift towards eco-friendly and bio-based solvents is gaining traction as companies focus on sustainability and regulatory compliance. Technological advancements in solvent formulations are further enhancing market opportunities, offering more efficient and environmentally responsible alternatives. Furthermore, Brazil’s position as a leading producer and exporter of agricultural products also fuels demand for solvents in agrochemical applications. These drivers, coupled with favorable economic conditions and a growing middle class, are expected to support the market’s expansion over the forecast period.

Geographically, the Brazil Industrial Solvents market is dominated by the Southeast region, which is home to major industrial hubs like São Paulo and Rio de Janeiro, fostering demand from manufacturing, automotive, and pharmaceutical sectors. The South and Northeast regions also play significant roles, with the South driven by agriculture and automotive industries, and the Northeast seeing growth in construction and textile applications. The Midwest and North regions are emerging markets, with growth primarily linked to agriculture and resource-based industries. Key players in the Brazil Industrial Solvents market include Braskem S.A., a leading producer of petrochemical products; Oxiteno S.A., specializing in specialty chemicals; and Petrobras, Brazil’s largest energy company. Other notable players include Grupo Idesa, Mexichem (Orbia), Unigel Group, Anquimica do Brasil, and Elekeiroz S.A. These companies drive innovation and sustainability, contributing to the market’s development through diversified solvent portfolios and strategic business expansions.

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Market Insights

The Brazil Industrial Solvents market was valued at USD 971.41 million in 2024 and is expected to reach USD 1,635.05 million by 2032, growing at a CAGR of 6.72% during the forecast period.
The global industrial solvents market was valued at USD 34,660.50 million in 2024 and is expected to reach USD 60,647.79 million by 2032, growing at a CAGR of 7.24% during the forecast period (2024-2032).
The increasing demand from industries such as paints, coatings, pharmaceuticals, and agrochemicals is driving market growth.
Eco-friendly and bio-based solvents are gaining traction as companies focus on sustainability and compliance with environmental regulations.
Technological advancements in solvent formulations and green chemistry are opening new opportunities for market players.
Major players like Braskem S.A., Oxiteno S.A., and Petrobras are strengthening their market positions through product innovation and strategic investments.
High production costs and volatility in raw material supply pose challenges to the market’s growth potential.
The Southeast Region dominates the market, with growing demand in the South and Northeast regions, driven by industrial and agricultural sectors.

Report Scope

This report segments the Brazil Industrial Solvents market as follows:

Market Drivers

Increasing Industrialization and Manufacturing Growth

The industrialization of Brazil has significantly contributed to the expansion of the industrial solvents market. As the country continues to develop its manufacturing capabilities, there is a rising demand for solvents in various applications, such as paints, coatings, adhesives, and chemical processing. The Brazilian government’s investment in infrastructure and industrial sectors has led to increased production activities, further driving the consumption of solvents. The automotive, electronics, and textiles industries are key consumers of industrial solvents, as they rely heavily on these chemicals for production processes, surface treatments, and finishing applications. This growing industrial base is expected to sustain the demand for solvents over the forecast period, driving overall market growth.

Growth in the Paints and Coatings Industry

The paints and coatings industry is one of the largest consumers of industrial solvents in Brazil. The rising demand for decorative and protective coatings in construction, automotive, and industrial applications fuels this sector. For instance, the India Industrial Paint and Coating Market discusses the increasing demand for high-performance coatings, which rely on solvents for formulation and application. As Brazil’s construction industry expands, driven by urbanization and infrastructure development, the need for paints and coatings is surging. Solvents play a crucial role in the formulation of these coatings, providing the necessary properties for easy application, drying, and durability. Additionally, the automotive sector’s recovery and growth have amplified the demand for high-quality automotive coatings, further increasing the use of industrial solvents. The expansion of the paints and coatings industry in Brazil is, therefore, a major driver for the industrial solvents market.

Shift Towards Bio-based and Eco-friendly Solvents

As environmental regulations become more stringent globally, the demand for eco-friendly and bio-based solvents is increasing. Brazil is seeing a significant shift towards these types of solvents as both industries and consumers increasingly prioritize sustainability and compliance with environmental standards. Bio-based solvents, derived from renewable resources, offer a safer alternative to traditional petrochemical-based solvents, reducing toxic emissions and minimizing environmental impact. Brazilian companies are investing in the development of green solvents to meet the growing demand for sustainable solutions. This trend not only aligns with global sustainability goals but also offers manufacturers in Brazil the opportunity to differentiate themselves in an increasingly eco-conscious market, thus driving market growth.

Agricultural and Agrochemical Industry Demand

Brazil is one of the largest producers and exporters of agricultural products, and the demand for agrochemicals plays a vital role in the consumption of industrial solvents. For instance, the Agricultural Statistics provides insights into Brazil’s agricultural production trends, reinforcing the growing need for agrochemical solvents. Solvents are extensively used in the formulation of pesticides, herbicides, and fungicides, which are critical for the agricultural sector. As Brazil’s agricultural production continues to grow to meet both domestic and international demands, the need for agrochemical products is rising, driving the consumption of industrial solvents. Additionally, with the adoption of advanced farming techniques and precision agriculture, the demand for more specialized agrochemical formulations is increasing, thereby boosting the demand for solvents. The agrochemical sector’s reliance on solvents for the effective delivery and application of chemicals is a key factor in the market’s expansion.

Market Trends

Adoption of Green and Bio-Based Solvents

Brazil is witnessing a significant shift towards green and bio-based solvents, driven by stringent environmental regulations and a growing emphasis on sustainability. For instance, the Regulated Solvent Market in Brazil highlights ongoing transformations in Brazil’s solvent industry, with the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) promoting compliance and transparency in solvent regulation. These solvents, derived from renewable resources like sugarcane, offer lower toxicity and reduced volatile organic compound (VOC) emissions compared to traditional petrochemical-based solvents. Industries such as paints and coatings, pharmaceuticals, and cleaning products are increasingly adopting these eco-friendly alternatives to align with global sustainability goals and regulatory requirements.

Technological Advancements and Product Innovation

Ongoing research and development in green chemistry are leading to the creation of more efficient and cost-effective bio-based solvents. Companies are investing in innovation to enhance the performance characteristics of these solvents, making them viable alternatives to conventional options. For instance, the Technology Takes Center Stage in Brazil’s New Industrial Policy outlines Brazil’s investment in biotechnology and sustainable industrial development, reinforcing the role of innovation in green chemistry. Additionally, the UNESCO Science Report highlights Brazil’s advancements in digital technologies and scientific research, supporting the development of next-generation bio-based solvents.

Regulatory Support and Market Incentives

The Brazilian government’s policies are increasingly favoring the adoption of sustainable practices, including the use of green solvents. Regulations promoting the reduction of VOC emissions and the use of eco-friendly materials are encouraging industries to transition towards bio-based solvents. Additionally, incentives such as tax breaks and subsidies for sustainable practices are further driving the demand for green solvents in the Brazilian market.

Challenges and Market Dynamics

Despite the positive trends, the green and bio-based solvents market in Brazil faces challenges such as higher production costs and limited availability of raw materials. The cost disparity between bio-based and traditional solvents can hinder adoption, especially in price-sensitive industries. Moreover, fluctuations in the supply of renewable feedstocks may impact production stability. Addressing these challenges requires continued investment in research, efficient supply chain management, and policy support to ensure the sustainable growth of the green solvents market in Brazil.

Market Challenges Analysis

High Production Costs and Price Sensitivity

One of the key challenges facing the Brazil Industrial Solvents market is the high production cost of certain solvents, particularly bio-based and green solvents. While these solvents offer significant environmental benefits, their production processes are often more expensive compared to conventional petrochemical-based solvents. This price disparity creates a barrier to widespread adoption, especially in price-sensitive industries such as automotive and construction. Many Brazilian manufacturers are reluctant to switch to more expensive green alternatives, especially when traditional solvents are readily available at lower costs. As a result, this challenge could slow the transition toward more sustainable solvent solutions in the country’s industrial sectors.

Volatility in Raw Material Supply and Environmental Concerns

Another major challenge for Brazil’s industrial solvent market is the volatility in the supply of raw materials. For bio-based solvents, this is particularly critical, as they rely on renewable agricultural resources such as sugarcane, corn, and other plant-based feedstocks. For instance, the Brazil Oxygenated Solvents Market highlights the growing demand for oxygenated solvents in various industries, reinforcing the importance of stable raw material supply chains. Fluctuations in the availability of these raw materials due to weather conditions, agricultural policy changes, or global demand shifts can affect solvent production stability and prices. Additionally, although green solvents are more environmentally friendly, the production and disposal processes still raise environmental concerns, particularly regarding waste management and resource use. Addressing these challenges requires a more robust supply chain infrastructure, continued technological advancements in bio-based solvent production, and effective waste management practices to ensure sustainable growth in the market.

Market Opportunities

The Brazil Industrial Solvents market presents significant growth opportunities driven by a combination of industrial advancements and changing consumer preferences. One key opportunity lies in the increasing demand for eco-friendly and bio-based solvents. With growing awareness of environmental concerns and stricter regulatory standards, industries such as paints and coatings, pharmaceuticals, and cleaning products are increasingly adopting green solvents. Brazil, with its vast agricultural resources, is well-positioned to leverage renewable feedstocks for the production of these solvents, creating a competitive edge in the global market. The ongoing push for sustainability in both domestic and international markets offers a significant opportunity for manufacturers to innovate and develop more efficient, environmentally friendly products that meet evolving regulatory requirements.

Additionally, the continued expansion of Brazil’s manufacturing and construction sectors provides ample opportunities for growth in the industrial solvents market. As Brazil’s infrastructure projects and industrial activities scale up, the demand for solvents in applications such as paints, coatings, adhesives, and cleaning products is expected to rise. The automotive and electronics industries are also poised for growth, further boosting the need for high-quality solvents. Moreover, Brazil’s agricultural sector, being one of the largest in the world, presents opportunities in the agrochemical sector, where solvents play a critical role in the formulation of pesticides and herbicides. By focusing on developing specialized products that cater to these expanding sectors, manufacturers can tap into new revenue streams and solidify their position in the market. Overall, the Brazil Industrial Solvents market offers a range of opportunities, particularly for companies focusing on sustainability, innovation, and industry-specific solutions.

Market Segmentation Analysis:

By Type:

The Brazil Industrial Solvents market is segmented by type, with key categories including alcohols, ketones, esters, glycols, and others. Alcohols, such as ethanol and isopropanol, dominate the market due to their widespread use in industries like pharmaceuticals, paints, and coatings. Alcohols are valued for their excellent solvent properties, low toxicity, and ability to dissolve a wide range of substances. Ketones, such as acetone and methyl ethyl ketone (MEK), are also significant in the market due to their use in coatings, adhesives, and cleaning products, offering high solvency power and rapid evaporation rates. Esters, including ethyl acetate and butyl acetate, are widely utilized in the paints and coatings industry due to their favorable balance of evaporation rates and low toxicity. Glycols, including ethylene glycol and propylene glycol, are primarily used in the production of antifreeze, coolants, and in applications where water-soluble solvents are needed. Other types of solvents, such as aromatics and aliphatic hydrocarbons, also play important roles in niche applications like specialty chemicals and cleaning formulations.

By Application:

The industrial solvents market in Brazil is also categorized based on application, with major segments including paints and coatings, pharmaceuticals, printing inks, adhesives and sealants, and others. The paints and coatings segment holds the largest share due to the robust demand from construction, automotive, and industrial sectors. Solvents in this segment are crucial for the formulation of paints, varnishes, and coatings, providing properties like smooth application, drying time, and durability. The pharmaceuticals industry is another key application area, where solvents are essential for the formulation of drugs and delivery systems, ensuring effective dissolution and bioavailability. Printing inks also account for a significant portion of the market, with solvents used to dissolve pigments and ensure smooth printing. The adhesives and sealants segment is growing due to the demand in construction and automotive sectors, where solvents aid in ensuring optimal adhesive performance. Other applications include agrochemicals, cleaning products, and textiles, each contributing to the overall growth of the industrial solvents market.

Segments:

Based on Type:

Alcohols
Ketones
Esters
Glycols
Others

Based on Application:

Paints & Coatings
Pharmaceuticals
Printing Inks
Adhesives & Sealants
Others

Based on End- Use:

Construction
Automotive
Electronics
Agriculture
Others

Based on Source:

Petrochemical-Based Solvents
Bio-Based Solvents

Based on the Geography:

Southeast Region
South Region
Northeast Region
Midwest Region
North Region

Regional Analysis

Southeast Region

The Southeast Region holds the largest market share, accounting for approximately 45% of the total market. This dominance is attributed to its robust industrial base, which includes major economic hubs like São Paulo and Rio de Janeiro. The region is home to a wide variety of industries, including manufacturing, automotive, chemicals, and pharmaceuticals, all of which rely heavily on industrial solvents. Additionally, the Southeast’s developed infrastructure and access to a skilled workforce make it a key driver of solvent demand. The presence of leading solvent producers and the high consumption of solvents in paints, coatings, and cleaning products further strengthen the market in this region.

South Region

The South Region follows closely with a market share of around 20%. This region is characterized by its strong agricultural industry, which drives demand for solvents in agrochemical applications, particularly in pesticides and herbicides. The South is also a significant player in the automotive and construction sectors, which require solvents for paints, coatings, adhesives, and sealants. With a growing industrial sector, especially in cities like Curitiba and Porto Alegre, the South Region continues to witness steady growth in the industrial solvents market. The increasing trend towards eco-friendly and bio-based solvents is also gaining traction in this region, contributing to market expansion.

Northeast Region

The Northeast Region accounts for approximately 15% of the market share. While historically less industrialized than other regions, the Northeast has experienced growth in its manufacturing and construction sectors. The demand for industrial solvents in this region is rising, particularly in the production of paints and coatings, as well as in the textile industry. Additionally, the agricultural sector in the Northeast continues to drive the need for solvents in agrochemical formulations. Regional initiatives to boost industrial activity and infrastructure development are expected to further support the growth of the industrial solvents market in this area.

Midwest and North Regions

The Midwest and North Regions collectively contribute about 20% of the Brazil Industrial Solvents market. The Midwest, which includes the states of Mato Grosso and Goiás, is experiencing rapid growth in agriculture and agribusiness, leading to increased demand for solvents in agrochemical applications. Although the Midwest has a smaller industrial base compared to other regions, it is seeing growth in the use of solvents for fertilizers, pesticides, and herbicides. The North Region, while less industrialized, holds potential due to its vast natural resources, including mining and forestry, where solvents are used in processing and cleaning. The market in both regions is expected to expand as infrastructure and industrial activities continue to develop in the coming years.

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Key Player Analysis

Braskem S.A.
Oxiteno S.A.
Petrobras
Grupo Idesa
Mexichem (Orbia)
Unigel Group
Anquimica do Brasil
Indorama Ventures (Brazil)
Suzano Chemicals
Elekeiroz S.A.

Competitive Analysis

The Brazil Industrial Solvents market is competitive, with several key players driving innovation, market growth, and sustainability. Leading players such as Braskem S.A., Oxiteno S.A., Petrobras, Grupo Idesa, Mexichem (Orbia), Unigel Group, Anquimica do Brasil, Indorama Ventures (Brazil), Suzano Chemicals, and Elekeiroz S.A. dominate the market through their diverse product portfolios and strong manufacturing capabilities. The market is characterized by the presence of both established players with strong production capacities and new entrants focused on specialty chemicals. These companies differentiate themselves through technological advancements, offering more efficient and environmentally responsible solvent solutions. Key drivers of competition include product diversification, with players expanding their portfolios to include solvents used across various industries such as paints, coatings, pharmaceuticals, agrochemicals, and cleaning products. Additionally, the rise of green chemistry and a growing shift toward renewable resources are pushing companies to innovate and adopt more sustainable practices. Competitive advantage is also gained through cost-effective production methods, strategic supply chain management, and ongoing research and development. Companies are increasingly investing in improving their formulations and ensuring compliance with environmental standards, ensuring long-term growth prospects in the Brazilian industrial solvents market. As demand continues to rise across multiple sectors, competition is expected to intensify, with players leveraging technology, sustainability, and industry-specific solutions to meet the evolving market needs.

Recent Developments

In April 2025, Eastman announced off-list price increases for several EOD (Ethylene Oxide Derivatives) solvents, including Eastman™ DB Solvent, effective April 7, 2025, reflecting ongoing cost and market pressures.
In March 2025, BASF reported generating approximately €11 billion in 2024 sales from products launched in the past five years, driven by R&D focused on sustainability, biodegradable materials, and digital transformation. The company filed 1,159 new patents in 2024, with 45% targeting sustainability. R&D investment in 2024 was €2.1 billion, with a similar budget planned for 2025.
In March and April 2025, Shell is restructuring its global chemicals business to boost profitability and reduce capital spending by 2030. This includes exploring strategic partnerships in the U.S., potentially closing some European assets, and selling existing assets like the Singapore refinery and chemical complex. The company aims to streamline operations, focus on core businesses, and improve returns for shareholders.
In March 2025, BASF is expanding its production capacity for aminic antioxidants at its Puebla, Mexico site, targeting the growing demand for long-life lubricants. The project is set for completion in 2026.
In March 2025, ExxonMobil announced a $100 million upgrade to its Baton Rouge, Louisiana plant to produce ultra-high-purity (99.999%) isopropyl alcohol (IPA) for the semiconductor industry by 2027.
In March 2024, Dow announced plans to invest in new ethylene derivatives capacity-including carbonate solvents-on the U.S. Gulf Coast. This investment, supported by the U.S. Department of Energy, aims to supply carbonate solvents for lithium-ion batteries, supporting the domestic EV and energy storage market. The facility will capture over 90% of CO₂ from ethylene oxide production, aligning with sustainability goals.

Market Concentration & Characteristics

The Brazil Industrial Solvents market is moderately concentrated, with a few large players holding significant market share, while a diverse range of smaller companies cater to niche applications. The market is characterized by the presence of both global and regional companies, which offer a wide array of solvent products for various industries such as paints and coatings, pharmaceuticals, agrochemicals, and adhesives. While some players dominate the market through extensive production capabilities and advanced technologies, smaller companies often focus on specialized and eco-friendly solvents, responding to increasing demand for sustainable solutions. The market is also marked by ongoing innovation, particularly in the development of bio-based and low-VOC solvents, driven by stricter environmental regulations and consumer preferences for greener alternatives. This combination of large-scale producers and niche innovators creates a competitive yet dynamic market environment, where both sustainability and efficiency are key factors shaping growth and industry trends.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, End-Use, Source and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The Brazil Industrial Solvents market is expected to continue growing, driven by the expansion of key industries such as paints, coatings, and pharmaceuticals.
Demand for eco-friendly and bio-based solvents will rise as sustainability becomes a key focus across industries.
Technological advancements in solvent formulations will lead to the development of more efficient, cost-effective, and environmentally responsible products.
Regulatory pressures around VOC emissions and environmental concerns will push industries to adopt greener solvent solutions.
The growing construction and automotive sectors in Brazil will contribute to the increasing use of solvents for paints, coatings, and adhesives.
Agriculture and agrochemicals will remain a significant driver, with solvents playing a key role in the production of pesticides and herbicides.
The shift towards digitalization and automation in industries will create opportunities for solvent manufacturers to innovate in product applications.
Regional demand will grow in emerging areas like the North and Midwest as infrastructure and industrial development increase.
The market will witness an increase in mergers and acquisitions as companies seek to expand their product portfolios and regional presence.
Competition in the market will intensify as both large corporations and small players strive to meet evolving market needs with sustainable, high-performance solvents.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Industrial Solvents Market Snapshot 21

2.1.1. Brazil Industrial Solvents Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : INDUSTRIAL SOLVENTS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Rising demand for eco-friendly and bio-based solvents 25

4.2.2. Increasing use of solvents in the automotive and construction industries 26

4.3. Market Restraints 27

4.3.1. Stringent environmental regulations regarding the use of volatile organic compounds (VOCs) 27

4.4. Market Opportunities 28

4.4.1. Innovations in green chemistry to develop sustainable solvent alternatives 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by Brazil 31

5.1.1. Brazil Industrial Solvents Market Import Volume/Revenue, By Brazil, 2018 – 2023 31

5.2. Export Analysis by Brazil 32

5.2.1. Brazil Industrial Solvents Market Export Volume/Revenue, By Brazil, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Brazil 33

6.1.1. Brazil Industrial Solvents Market Demand Volume/Revenue, By Brazil, 2018 – 2023 33

6.2. Supply Analysis by Brazil 34

6.2.1. Brazil Industrial Solvents Market Supply Volume/Revenue, By Brazil, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Brazil 35

7.1.1. Brazil Industrial Solvents Market Production Volume/Revenue, By Brazil, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

8.1.1. Brazil Industrial Solvents Market Price, By Type, 2018 – 2023 36

8.1.2. Brazil Type Market Price, By Type, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. Brazil Industrial Solvents Market: Company Market Share, by Volume, 2023 40

11.2.2. Brazil Industrial Solvents Market: Company Market Share, by Revenue, 2023 41

11.2.3. Brazil Industrial Solvents Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. Brazil Industrial Solvents Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. Brazil Industrial Solvents Market Company Volume Market Share, 2023 43

11.4. Brazil Industrial Solvents Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

Brazil Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : INDUSTRIAL SOLVENTS MARKET – BY TYPE SEGMENT ANALYSIS 49

13.1. Industrial Solvents Market Overview, by Type Segment 49

13.1.1. Industrial Solvents Market Revenue Share, By Type, 2023 & 2032 50

13.1.2. Industrial Solvents Market Attractiveness Analysis, By Type 51

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51

13.1.4. Industrial Solvents Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

13.2. Alcohols 53

13.3. Ketones 54

13.4. Esters 55

13.5. Glycols 56

13.6. Others 57

CHAPTER NO. 14 : INDUSTRIAL SOLVENTS MARKET – BY APPLICATION SEGMENT ANALYSIS 58

14.1. Industrial Solvents Market Overview, by Application Segment 58

14.1.1. Industrial Solvents Market Revenue Share, By Application, 2023 & 2032 59

14.1.2. Industrial Solvents Market Attractiveness Analysis, By Application 60

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 60

14.1.4. Industrial Solvents Market Revenue, By Application, 2018, 2023, 2027 & 2032 61

14.2. Paints & Coatings 62

14.3. Pharmaceuticals 63

14.4. Printing Inks 64

14.5. Adhesives & Sealants 65

14.6. Others 66

CHAPTER NO. 15 : INDUSTRIAL SOLVENTS MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 67

15.1. Industrial Solvents Market Overview, by End-Use Industry Segment 67

15.1.1. Industrial Solvents Market Revenue Share, By End-Use Industry, 2023 & 2032 68

15.1.2. Industrial Solvents Market Attractiveness Analysis, By End-Use Industry 69

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 69

15.1.4. Industrial Solvents Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 70

15.2. Construction 71

15.3. Automotive 72

15.4. Electronics 73

15.5. Agriculture 74

15.6. Others 75

CHAPTER NO. 16 : INDUSTRIAL SOLVENTS MARKET – BY SOURCE SEGMENT ANALYSIS 76

16.1. Industrial Solvents Market Overview, by Source Segment 76

16.1.1. Industrial Solvents Market Revenue Share, By Source, 2023 & 2032 77

16.1.2. Industrial Solvents Market Attractiveness Analysis, By Source 78

16.1.3. Incremental Revenue Growth Opportunity, by Source, 2024 – 2032 78

16.1.4. Industrial Solvents Market Revenue, By Source, 2018, 2023, 2027 & 2032 79

16.2. Petrochemical-Based Solvents 80

16.3. Bio-Based Solvents 81

CHAPTER NO. 17 : INDUSTRIAL SOLVENTS MARKET – BRAZIL ANALYSIS 82

17.1. Type 82

17.1.1. Brazil Industrial Solvents Market Revenue, By Type, 2018 – 2023 (USD Million) 82

17.2. Brazil Industrial Solvents Market Revenue, By Type, 2024 – 2032 (USD Million) 82

17.3. Application 83

17.3.1. Brazil Industrial Solvents Market Revenue, By Application, 2018 – 2023 (USD Million) 83

17.3.2. Brazil Industrial Solvents Market Revenue, By Application, 2024 – 2032 (USD Million) 83

17.4. End-Use Industry 84

17.4.1. Brazil Industrial Solvents Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 84

17.4.2. Brazil Industrial Solvents Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 84

17.5. Source 85

17.5.1. Brazil Industrial Solvents Market Revenue, By Source, 2018 – 2023 (USD Million) 85

17.5.2. Brazil Industrial Solvents Market Revenue, By Source, 2024 – 2032 (USD Million) 85

CHAPTER NO. 18 : COMPANY PROFILES 86

18.1. Braskem S.A. 86

18.1.1. Company Overview 86

18.1.2. Product Portfolio 86

18.1.3. Swot Analysis 86

18.1.4. Business Strategy 87

18.1.5. Financial Overview 87

18.2. Oxiteno S.A. 88

18.3. Petrobras 88

18.4. Grupo Idesa 88

18.5. Mexichem (Orbia) 88

18.6. Unigel Group 88

18.7. Anquimica do Brasil 88

18.8. Indorama Ventures (Brazil) 88

18.9. Suzano Chemicals 88

18.10. Elekeiroz S.A. 88

List of Figures

FIG NO. 1. Brazil Industrial Solvents Market Revenue, 2018 – 2032 (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Brazil Industrial Solvents Market 30

FIG NO. 3. Brazil Industrial Solvents Market Import Volume/Revenue, By Brazil, 2018 – 2023 32

FIG NO. 4. Brazil Industrial Solvents Market Export Volume/Revenue, By Brazil, 2018 – 2023 33

FIG NO. 5. Brazil Industrial Solvents Market Demand Volume/Revenue, By Brazil, 2018 – 2023 34

FIG NO. 6. Brazil Industrial Solvents Market Supply Volume/Revenue, By Brazil, 2018 – 2023 35

FIG NO. 7. Brazil Industrial Solvents Market Production Volume/Revenue, By Brazil, 2018 – 2023 36

FIG NO. 8. Brazil Industrial Solvents Market Price, By Type, 2018 – 2023 37

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 38

FIG NO. 10. Manufacturing Cost Analysis 39

FIG NO. 11. Manufacturing Process 39

FIG NO. 12. Value Chain Analysis for Brazil Industrial Solvents Market 40

FIG NO. 13. Company Share Analysis, 2023 41

FIG NO. 14. Company Share Analysis, 2023 42

FIG NO. 15. Company Share Analysis, 2023 42

FIG NO. 16. Company Share Analysis, 2023 43

FIG NO. 17. Industrial Solvents Market – Company Volume Market Share, 2023 44

FIG NO. 18. Industrial Solvents Market – Company Revenue Market Share, 2023 45

FIG NO. 19. Industrial Solvents Market Revenue Share, By Type, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Type 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 52

FIG NO. 22. Industrial Solvents Market Revenue, By Type, 2018, 2023, 2027 & 2032 53

FIG NO. 23. Brazil Industrial Solvents Market for Alcohols, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Brazil Industrial Solvents Market for Ketones, Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Brazil Industrial Solvents Market for Esters, Revenue (USD Million) 2018 – 2032 56

FIG NO. 26. Brazil Industrial Solvents Market for Glycols, Revenue (USD Million) 2018 – 2032 57

FIG NO. 27. Brazil Industrial Solvents Market for Others, Revenue (USD Million) 2018 – 2032 58

FIG NO. 28. Industrial Solvents Market Revenue Share, By Application, 2023 & 2032 60

FIG NO. 29. Market Attractiveness Analysis, By Application 61

FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 61

FIG NO. 31. Industrial Solvents Market Revenue, By Application, 2018, 2023, 2027 & 2032 62

FIG NO. 32. Brazil Industrial Solvents Market for Paints & Coatings, Revenue (USD Million) 2018 – 2032 63

FIG NO. 33. Brazil Industrial Solvents Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 64

FIG NO. 34. Brazil Industrial Solvents Market for Printing Inks, Revenue (USD Million) 2018 – 2032 65

FIG NO. 35. Brazil Industrial Solvents Market for Adhesives & Sealants, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. Brazil Industrial Solvents Market for Others, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. Industrial Solvents Market Revenue Share, By End-Use Industry, 2023 & 2032 69

FIG NO. 38. Market Attractiveness Analysis, By End-Use Industry 70

FIG NO. 39. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 70

FIG NO. 40. Industrial Solvents Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 71

FIG NO. 41. Brazil Industrial Solvents Market for Construction, Revenue (USD Million) 2018 – 2032 72

FIG NO. 42. Brazil Industrial Solvents Market for Automotive, Revenue (USD Million) 2018 – 2032 73

FIG NO. 43. Brazil Industrial Solvents Market for Electronics, Revenue (USD Million) 2018 – 2032 74

FIG NO. 44. Brazil Industrial Solvents Market for Agriculture, Revenue (USD Million) 2018 – 2032 75

FIG NO. 45. Brazil Industrial Solvents Market for Others, Revenue (USD Million) 2018 – 2032 76

FIG NO. 46. Industrial Solvents Market Revenue Share, By Source, 2023 & 2032 78

FIG NO. 47. Market Attractiveness Analysis, By Source 79

FIG NO. 48. Incremental Revenue Growth Opportunity by Source, 2024 – 2032 79

FIG NO. 49. Industrial Solvents Market Revenue, By Source, 2018, 2023, 2027 & 2032 80

FIG NO. 50. Brazil Industrial Solvents Market for Petrochemical-Based Solvents, Revenue (USD Million) 2018 – 2032 81

FIG NO. 51. Brazil Industrial Solvents Market for Bio-Based Solvents, Revenue (USD Million) 2018 – 2032 82

List of Tables

TABLE NO. 1. : Brazil Industrial Solvents Market: Snapshot 22

TABLE NO. 2. : Drivers for the Industrial Solvents Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Industrial Solvents Market: Impact Analysis 28

TABLE NO. 4. : Brazil Industrial Solvents Market Revenue, By Type, 2018 – 2023 37

TABLE NO. 5. : Key Raw Materials & Suppliers 38

TABLE NO. 6. : Brazil Industrial Solvents Market Revenue, By Type, 2018 – 2023 (USD Million) 83

TABLE NO. 7. : Brazil Industrial Solvents Market Revenue, By Type, 2024 – 2032 (USD Million) 83

TABLE NO. 8. : Brazil Industrial Solvents Market Revenue, By Application, 2018 – 2023 (USD Million) 84

TABLE NO. 9. : Brazil Industrial Solvents Market Revenue, By Application, 2024 – 2032 (USD Million) 84

TABLE NO. 10. : Brazil Industrial Solvents Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 85

TABLE NO. 11. : Brazil Industrial Solvents Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 85

TABLE NO. 12. : Brazil Industrial Solvents Market Revenue, By Source, 2018 – 2023 (USD Million) 86

TABLE NO. 13. : Brazil Industrial Solvents Market Revenue, By Source, 2024 – 2032 (USD Million) 86

Frequently Asked Questions

What is the current size of the Brazil Industrial Solvents?

The Brazil Industrial Solvents market was valued at USD 971.41 million in 2024 and is projected to reach USD 1,635.05 million by 2032, growing at a CAGR of 6.72%.

What factors are driving the growth of the Brazil Industrial Solvents?

Key drivers include rising demand from paints & coatings, pharmaceuticals, agrochemicals, growing industrialization, and a shift toward eco-friendly solvent solutions.

What are some challenges faced by the Brazil Industrial Solvents?

Challenges include high production costs of green solvents, price sensitivity, and raw material supply volatility affecting market stability.

Who are the major players in the Brazil Industrial Solvents?

Major players include Braskem S.A., Oxiteno S.A., Petrobras, Grupo Idesa, Mexichem (Orbia), Unigel Group, and Elekeiroz S.A.

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