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UK Industrial Solvents Market

UK 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
UK Industrial Solvents Market Size 2024	USD 1,432.93 million
UK Industrial Solvents Market, CGR	7.16%
UK Industrial Solvents Market Size 2032	USD 2,490.93 million

Market Overview

UK Industrial Solvents market size was valued at USD 1,432.93 million in 2024 and is anticipated to reach USD 2,490.93 million by 2032, at a CAGR of 7.16% during the forecast period (2024-2032).

The UK Industrial Solvents market is primarily driven by increasing demand from key industries such as manufacturing, automotive, paints and coatings, and pharmaceuticals. The growing need for solvents in the production of paints, adhesives, and cleaning agents, alongside their widespread use in chemical processing, is fueling market expansion. Additionally, advancements in solvent technology, such as the development of eco-friendly, low-VOC (volatile organic compound) solvents, are aligning with stringent environmental regulations, further supporting market growth. The shift toward sustainable and green chemicals is also encouraging the adoption of bio-based solvents, which are gaining traction due to their reduced environmental impact. Moreover, the recovery of the UK manufacturing sector post-pandemic, coupled with rising construction activities, is expected to boost the demand for industrial solvents. As a result, the market is poised for steady growth through 2032, with a focus on innovation and regulatory compliance driving industry trends.

The UK Industrial Solvents market is geographically diverse, with significant demand concentrated in regions such as London, Manchester, Birmingham, and Scotland. London, as the capital, serves as a major hub for industries like pharmaceuticals, chemicals, and construction, driving solvent consumption. Manchester and Birmingham also play key roles, with strong industrial bases in automotive, manufacturing, and coatings, further fueling solvent demand. Scotland, while a smaller market, has seen growth due to its emphasis on renewable energy and biotechnology sectors. Key players in the UK Industrial Solvents market include global leaders like BASF SE, Shell Chemicals, and Solvay S.A., alongside specialized companies such as AkzoNobel N.V. and Synthomer plc. These companies drive innovation and are pivotal in shaping the market’s future, particularly through the development of eco-friendly solvents and the adoption of sustainable practices in solvent production and application.

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Market Insights

The UK Industrial Solvents market was valued at USD 1,432.93 million in 2024 and is expected to reach USD 2,490.93 million by 2032, growing at a CAGR of 7.16% 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).
Increasing demand from key industries such as automotive, construction, and pharmaceuticals is a major driver of market growth.
The shift towards eco-friendly and bio-based solvents is a prominent trend, driven by stricter environmental regulations and consumer preference for sustainable products.
Technological advancements in solvent recovery and recycling systems are boosting market efficiency and reducing costs.
Strong competition exists among global players like BASF SE, Shell Chemicals, and AkzoNobel N.V., as well as specialized companies focusing on green solvents.
The market faces challenges related to fluctuating raw material prices and compliance with complex environmental regulations.
Regionally, London, Manchester, Birmingham, and Scotland lead in industrial solvent demand, with London being the largest contributor due to its diverse industrial base.

Report Scope

This report segments the UK Industrial Solvents market as follows:

Market Drivers

Growing Demand from Key Industrial Sectors

The UK Industrial Solvents market is experiencing robust growth due to the rising demand from various key industries. Manufacturing, automotive, construction, paints and coatings, and pharmaceuticals are among the major sectors driving the market’s expansion. Solvents are vital in these industries for applications such as cleaning, thinning, degreasing, and formulating paints and adhesives. In particular, the automotive industry uses solvents for the production of coatings, adhesives, and sealants, while the pharmaceutical sector requires solvents in drug formulation and the manufacturing of active pharmaceutical ingredients (APIs). For instance, the UK’s industrial sector has seen steady growth, with government-backed initiatives supporting manufacturing expansion. The ongoing growth in these industries, combined with the need for specialized solvent applications, continues to drive substantial market demand.

Advancements in Solvent Technology

Technological innovations in solvent production are another significant factor contributing to market growth. Over the past few years, there has been a noticeable shift toward the development of more efficient and sustainable solvent solutions. Innovations in bio-based and green solvents are particularly noteworthy, as they are increasingly being adopted due to their reduced environmental impact compared to conventional petroleum-derived solvents. These advances align with the rising demand for sustainable manufacturing processes and cleaner industrial practices. For instance, UK industries are integrating advanced solvent recovery systems to enhance efficiency and reduce waste. As a result, industries are transitioning to solvents with lower toxicity and reduced volatile organic compound (VOC) emissions, addressing both environmental concerns and regulatory pressures. The development of more efficient production methods, which lowers costs and increases solvent performance, also supports market growth.

Stringent Environmental Regulations

The implementation of stricter environmental regulations in the UK is driving the demand for eco-friendly and low-VOC solvents. Regulatory frameworks, such as the European Union’s REACH (Registration, Evaluation, Authorisation, and Restriction of Chemicals) regulations and the UK’s own regulatory bodies, are encouraging manufacturers to shift toward cleaner solvents that comply with these standards. With growing concerns over air quality and the environmental impact of industrial processes, there is an increased focus on reducing emissions from solvent-based applications. This has spurred the adoption of solvents that have lower toxicity and minimal environmental footprint. As regulatory compliance becomes more stringent, companies are prioritizing the development and use of greener solvent alternatives, ensuring that the UK Industrial Solvents market remains aligned with sustainable industrial practices.

Post-Pandemic Economic Recovery and Construction Boom

The post-pandemic economic recovery in the UK is another key driver for the growth of the Industrial Solvents market. As businesses resume operations and production volumes increase, there is a resurgence in the demand for industrial solvents. The construction industry, in particular, is witnessing a boom, which further fuels the need for paints, coatings, adhesives, and sealants—primary applications of industrial solvents. The ongoing revitalization of infrastructure and residential development projects, bolstered by government initiatives and economic stimulus, is expected to drive further consumption of industrial solvents. As the UK continues its economic recovery and industrial activities ramp up, demand for solvents across various sectors is anticipated to remain strong, contributing to sustained market growth.

Market Trends

Shift Towards Green and Sustainable Solvents

A significant trend in the UK Industrial Solvents market is the growing preference for green and sustainable solvents. As environmental concerns increase, industries are prioritizing eco-friendly alternatives to traditional solvents. Bio-based solvents derived from renewable resources, such as plants and agricultural byproducts, are gaining traction due to their lower environmental impact. These solvents are not only biodegradable but also have a reduced carbon footprint compared to their petroleum-derived counterparts. The demand for low-VOC and non-toxic solvents is driven by both regulatory requirements and consumer preference for environmentally conscious products. This shift towards sustainable solvents is transforming the landscape of the industrial solvent market, promoting innovation in the development of greener solutions.

Regulatory Push for Low-VOC and Non-Toxic Solvents

The regulatory landscape in the UK is influencing the market trends for industrial solvents, particularly through increased enforcement of standards related to VOC emissions and toxicity levels. Stricter environmental regulations, such as the UK’s implementation of the REACH regulations, are pushing industries to adopt solvents with lower VOC content and reduced toxicity. For instance, UK’s regulatory framework is evolving to enforce stricter environmental controls, with policies aimed at reducing industrial emissions. These regulations aim to reduce the environmental and health impacts of solvent-based products, leading to a steady shift towards non-toxic and less volatile solvent alternatives. As industries look to comply with these regulations, the demand for safer, more sustainable solvents is growing, encouraging the development of formulations that are both high-performing and environmentally friendly. This trend is set to shape the future of the UK Industrial Solvents market, with a focus on safety and sustainability.

Technological Advancements in Solvent Recovery and Recycling

Technological advancements in solvent recovery and recycling are shaping the future of the UK Industrial Solvents market. With a growing emphasis on sustainability, companies are increasingly adopting closed-loop systems and recycling processes to minimize waste and reduce solvent consumption. For instance, UK regulatory bodies are implementing stricter environmental standards to encourage the adoption of sustainable solvent solutions. Advanced solvent recovery technologies enable industries to recycle solvents, reducing the need for new raw materials and decreasing environmental impact. This trend is particularly prominent in industries such as pharmaceuticals, paints and coatings, and chemicals, where solvents are used in large quantities. The integration of these technologies not only cuts costs for manufacturers but also aligns with stricter environmental regulations, making it a key driver for market growth.

Increasing Use of Solvents in High-Performance Applications

Another notable trend is the increasing use of industrial solvents in high-performance applications, especially in sectors such as aerospace, electronics, and automotive. These industries require solvents that can meet specific performance criteria, such as high stability, precision, and the ability to function under extreme conditions. For example, solvents used in aerospace manufacturing must maintain their efficacy under high temperatures and resist degradation over time. Similarly, the electronics industry relies on solvents for cleaning and degreasing delicate components. As technological advancements in these sectors continue to evolve, the demand for specialized, high-performance solvents will likely grow, driving the market towards more tailored solutions.

Market Challenges Analysis

Fluctuating Raw Material Costs and Supply Chain Disruptions

One of the primary challenges facing the UK Industrial Solvents market is the volatility in raw material costs. Many solvents are derived from petroleum-based products, and fluctuations in global oil prices can significantly impact production costs. Supply chain disruptions, as seen during the COVID-19 pandemic and recent geopolitical tensions, further exacerbate these challenges. For instance, the UK’s petrochemical sector has experienced fluctuations in feedstock availability due to global trade uncertainties and energy price shifts. Inconsistent supply of key raw materials, such as petrochemicals and bio-based feedstocks, can lead to delays and price hikes, impacting the overall cost structure of solvent production. Manufacturers may struggle to maintain stable pricing and profit margins, especially when dealing with tight production schedules and high demand from end-user industries. These challenges force companies to adopt cost-control measures, yet such volatility can still limit the market’s potential growth.

Regulatory Compliance and Environmental Pressures

Another challenge faced by the UK Industrial Solvents market is the increasing complexity of regulatory compliance and environmental pressures. Stricter environmental regulations, particularly around volatile organic compound (VOC) emissions and the toxicity of solvents, are pushing manufacturers to innovate and adopt greener alternatives. However, complying with these regulations often requires significant investment in research and development to formulate solvents that meet environmental standards without compromising on performance. Additionally, the transition to eco-friendly solvents and production processes may incur higher initial costs, which can be a financial burden for smaller manufacturers. The complexity of navigating evolving regulations, both within the UK and in line with European Union standards, can create uncertainty and hinder business operations, posing a significant challenge to market players.

Market Opportunities

The UK Industrial Solvents market presents several opportunities driven by shifting consumer preferences and technological advancements. As industries increasingly focus on sustainability, there is significant potential for growth in the demand for eco-friendly and bio-based solvents. With heightened environmental concerns and stricter regulations surrounding volatile organic compound (VOC) emissions, manufacturers are investing in the development of green solvents derived from renewable resources. This trend offers opportunities for companies to innovate and differentiate themselves by offering low-toxicity, biodegradable alternatives. As regulations continue to evolve, there is a clear opportunity for businesses to capture market share by developing and commercializing environmentally friendly solvents that meet both regulatory standards and consumer demand for safer products.

Additionally, advancements in solvent recovery and recycling technologies open new opportunities for market players. As industries strive to reduce waste and lower operational costs, the adoption of solvent recovery systems that allow for the reuse of solvents in closed-loop processes is gaining momentum. This trend not only supports sustainability goals but also provides cost-saving benefits for businesses that rely heavily on solvent usage. The growing awareness of the financial and environmental advantages of solvent recycling presents a significant market opportunity for companies to invest in advanced recovery systems. Furthermore, the expanding use of high-performance solvents in industries like aerospace, electronics, and automotive provides an opportunity to develop specialized products tailored to meet the specific needs of these sectors, where precision and reliability are paramount. As these sectors continue to innovate, the demand for advanced solvents is expected to rise, creating new growth avenues for solvent manufacturers.

Market Segmentation Analysis:

By Type:

The UK Industrial Solvents market can be segmented by type into alcohols, ketones, esters, glycols, and others. Among these, alcohols hold the largest market share due to their versatility and wide usage across multiple industries, including paints and coatings, pharmaceuticals, and cosmetics. Alcohols, particularly ethanol and isopropyl alcohol, are favored for their excellent solvent properties and low toxicity. Ketones, including acetone, also represent a significant segment, primarily used in coatings, adhesives, and cleaning applications due to their fast evaporation rates and strong solvency power. Esters, such as ethyl acetate and butyl acetate, are popular in the production of paints, coatings, and adhesives due to their favorable balance between solvency power and evaporation rates. Glycols, including ethylene glycol and propylene glycol, are extensively used in automotive and industrial applications due to their high solubility and low freezing points. The “others” segment includes niche solvent types, often customized for specific applications requiring unique properties, further diversifying the market.

By Application:

The UK Industrial Solvents market is also categorized by application into paints and coatings, pharmaceuticals, printing inks, adhesives and sealants, and others. The paints and coatings industry is one of the largest consumers of industrial solvents, driven by increasing demand for protective coatings in the automotive, construction, and furniture industries. Solvents like alcohols, esters, and ketones are widely used to adjust the viscosity and evaporation rates of paints and coatings. Pharmaceuticals represent another key application segment, where solvents are critical in drug formulation, manufacturing APIs, and providing a medium for controlled release formulations. Printing inks are another significant application, as solvents are needed to dissolve pigments and enhance print quality in packaging and labels. Adhesives and sealants also consume substantial amounts of solvents, particularly in the automotive and construction sectors, where high-performance bonding agents are crucial. The “others” segment encompasses various niche applications, including cleaning, degreasing, and chemical processing, which further contribute to market growth.

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:

London
Manchester
Birmingham
Scotland

Regional Analysis

London

London holds the largest market share, accounting for approximately 35% of the total market value. As the capital city, London is a major hub for industries such as pharmaceuticals, chemicals, and construction, all of which heavily rely on industrial solvents. The demand for solvents in the paints and coatings, adhesives, and pharmaceutical sectors in London is particularly high due to the concentration of manufacturing facilities and research institutions. Moreover, London’s position as a financial and business center fosters innovation and investment, further boosting the regional market.

Manchester

Manchester is another key region in the UK Industrial Solvents market, with a market share of around 25%. The city’s industrial base, which includes chemical manufacturing, automotive, and printing sectors, drives solvent consumption. Manchester’s proximity to major industrial corridors in the North of England, along with its historical prominence in manufacturing, positions it as a crucial player in the market. The growth of the construction and automotive industries in the region, particularly in terms of coatings and adhesives, continues to fuel solvent demand. The presence of large-scale production plants and a thriving export market also contributes to the region’s strong solvent consumption.

Birmingham

Birmingham, representing approximately 20% of the UK’s industrial solvent market, is a significant player due to its diversified industrial base, including manufacturing, automotive, and construction. The city is home to several large automotive manufacturers and a growing construction sector, both of which heavily utilize solvents in their processes. Birmingham’s market demand is driven by the need for high-performance solvents in coatings, adhesives, and sealants, as well as the rising demand for sustainable, low-VOC solutions in industrial processes. The region also benefits from its central location, which facilitates the distribution of solvents to surrounding areas.

Scotland

Scotland, with a market share of approximately 15%, represents a smaller but growing segment of the UK Industrial Solvents market. The region’s industrial sectors, including chemicals, oil and gas, and pharmaceuticals, are key drivers of solvent demand. Scotland’s emphasis on renewable energy and sustainable practices has also led to an increased demand for eco-friendly and bio-based solvents. Additionally, the region’s focus on chemical manufacturing and biotechnology further fuels the need for solvents in various applications, from drug production to industrial coatings. While the market share is smaller compared to other regions, Scotland is expected to experience steady growth due to its growing industrial diversification and innovation.

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Key Player Analysis

BASF SE
Shell Chemicals
Solvay S.A.
Arkema S.A.
INEOS Group
Evonik Industries AG
Clariant AG
Synthomer plc
AkzoNobel N.V.
Perstorp Holding AB

Competitive Analysis

The UK Industrial Solvents market is highly competitive, with several global and regional players driving innovation and market growth. Leading players in the market include BASF SE, Shell Chemicals, Solvay S.A., Arkema S.A., INEOS Group, Evonik Industries AG, Clariant AG, Synthomer plc, AkzoNobel N.V., and Perstorp Holding AB. These companies are continually focusing on product innovation, sustainability, and strategic partnerships to strengthen their market position. The demand for sustainable solutions has accelerated, leading to investments in bio-based solvents and green chemistry innovations. Competitive players are also focusing on enhancing the efficiency of their production processes, with many adopting advanced solvent recovery and recycling technologies to reduce costs and minimize environmental impact.

In addition to sustainability, performance remains a key differentiator, with companies offering specialized solvent solutions for industries such as automotive, pharmaceuticals, paints and coatings, and chemicals. To gain a competitive edge, companies are increasingly forming strategic partnerships and collaborations to expand their product portfolios and regional presence. Market players are also leveraging technological advancements to improve solvent performance, reduce environmental footprints, and offer customized solutions to meet the specific needs of diverse applications. As a result, competition within the UK Industrial Solvents market remains dynamic, with companies constantly striving to innovate and maintain a strong foothold in the market.

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 UK Industrial Solvents market exhibits moderate to high market concentration, with a few dominant players controlling a significant share of the market. These key companies leverage their established global networks, extensive product portfolios, and technological expertise to maintain competitive advantages. However, the market also features a range of smaller, specialized manufacturers that cater to niche applications, such as eco-friendly solvents and custom formulations. The market is characterized by increasing consolidation, with larger companies acquiring smaller firms to expand their product offerings and enhance their market reach. The demand for sustainable solutions has prompted many players to invest heavily in research and development, driving innovation in green and bio-based solvents. As environmental regulations become stricter, companies are focusing on reducing their ecological footprint by developing low-VOC and non-toxic solvents. This dynamic environment results in a competitive yet fragmented market where both global leaders and smaller players continuously adapt to changing consumer demands and regulatory standards.

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 UK Industrial Solvents market is expected to continue growing at a steady pace, driven by increasing demand across key industries.
Sustainability will remain a primary focus, with more companies shifting towards bio-based and eco-friendly solvent solutions.
Technological advancements in solvent recovery and recycling are likely to reduce waste and increase cost efficiency for manufacturers.
Stricter environmental regulations will push for the development of low-VOC and non-toxic solvents.
The growth of the construction, automotive, and pharmaceutical industries will significantly boost solvent consumption in the coming years.
There will be an increasing emphasis on high-performance solvents tailored to meet specific industry needs, such as aerospace and electronics.
The demand for solvents in paints and coatings will continue to rise, supported by expansion in the construction and infrastructure sectors.
The shift towards circular economies and sustainable production practices will drive innovation in solvent formulations and production methods.
The market will witness further consolidation, with larger companies acquiring smaller firms to enhance their product portfolios and reach.
Regional growth outside of London, particularly in Manchester and Birmingham, will play a crucial role in the overall market development.

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. UK 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 UK 31

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

5.2. Export Analysis by UK 32

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

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by UK 33

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

6.2. Supply Analysis by UK 34

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

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by UK 35

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

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

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

8.1.2. UK 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. UK Industrial Solvents Market: Company Market Share, by Volume, 2023 40

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

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

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

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

11.4. UK 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

UK 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 – UK ANALYSIS 82

17.1. Type 82

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

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

17.3. Application 83

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

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

17.4. End-Use Industry 84

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

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

17.5. Source 85

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

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

CHAPTER NO. 18 : COMPANY PROFILES 86

18.1. BASF SE 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. Shell Chemicals 88

18.3. Solvay S.A. 88

18.4. Arkema S.A. 88

18.5. INEOS Group 88

18.6. Evonik Industries AG 88

18.7. Clariant AG 88

18.8. Synthomer plc 88

18.9. AkzoNobel N.V. 88

18.10. Perstorp Holding AB 88

List of Figures

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

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

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

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

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

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

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

FIG NO. 8. UK 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 UK 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. UK Industrial Solvents Market for Alcohols, Revenue (USD Million) 2018 – 2032 54

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

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

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

FIG NO. 27. UK 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. UK Industrial Solvents Market for Paints & Coatings, Revenue (USD Million) 2018 – 2032 63

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

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

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

FIG NO. 36. UK 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. UK Industrial Solvents Market for Construction, Revenue (USD Million) 2018 – 2032 72

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

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

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

FIG NO. 45. UK 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. UK Industrial Solvents Market for Petrochemical-Based Solvents, Revenue (USD Million) 2018 – 2032 81

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

List of Tables

TABLE NO. 1. : UK 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. : UK Industrial Solvents Market Revenue, By Type, 2018 – 2023 37

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

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

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

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

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

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

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

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

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

Frequently Asked Questions

What is the current size of the UK Industrial Solvents?

The UK Industrial Solvents market was valued at USD 1,432.93 million in 2024 and is projected to reach USD 2,490.93 million by 2032, growing at a CAGR of 7.16%.

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

Key growth drivers include rising demand from automotive, construction, and pharmaceutical sectors, along with the shift to eco-friendly and low-VOC solvents.

What are some challenges faced by the UK Industrial Solvents?

Major challenges include fluctuating raw material prices, supply chain disruptions, and strict environmental regulations on VOC emissions.

Who are the major players in the UK Industrial Solvents?

Leading companies include BASF SE, Shell Chemicals, Solvay S.A., AkzoNobel N.V., Synthomer plc, and Evonik Industries AG.

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