North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research
North America Specialty Solvents Market is
Projected to be Valued at US$ 51.2 Bn by
2022 - Persistence Market Research
Persistence Market Research
1
North America Speciality Solvents Market, 2016 - 2022
Persistence Market Research Released New Market Report “North America Market Study on
Speciality Solvents : Pharmaceutical and Personal Care Segment to Exhibit above Average
Growth during the Forecast Period 2016 - 2022,” the North America specialty solvents market was
valued at US$ 37.8 Bn in 2015 and is anticipated to expand at a CAGR of 4.5% from 2016 to 2022, to
reach a market value of US$ 51.2 Bn by 2022.
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Currently, the North America specialty solvents market is mainly driven by factors such as growing overall
chemical industry output and consumption of these chemicals across various industries, increasing
demand from the pharmaceuticals industry, and surge in overall industrial output. However, factors such
as distribution channel and supply chain infringement and decreasing profit margins as a result of
increasing market competition are some of the major challenges expected to be faced by market players
in North America specialty solvents market during the forecast period.
The North America specialty solvents market is segmented on the basis of country, end-use, and product
type. On the basis of country, the North America specialty solvents market is segmented into the U.S. and
Canada. The U.S. market for specialty solvents is expected to be the largest contributor to the overall
North America market in terms of value share, followed by Canada, by 2015 end. The U.S. market is also
expected to be the fastest growing market over the forecast period (2016-2022). Growth of the U.S.
specialty solvents market is...