In 2020, the global market for aprotic solvents generated revenues that were very strong, and over the following five years, revenues are projected to grow at a double-digit CAGR. Aprotic solvent properties such as high polarity, high dipole moment, large dielectric constant, minimal skin penetration, and resilience towards very acidic conditions are major factors influencing market revenue growth. Another factor anticipated to propel the growth of the worldwide Toluene Aprotic Solvents Market revenue over the projected period is the rising use of aprotic polarity solvent as a reaction solvent for pharmaceutical and agricultural chemicals, as well as a cleaning agent for electronic components. The oil and gas sector segment, followed by the pharmaceutical segment, is predicted to have the highest revenue CAGR among the application categories throughout the projected period. Going forward, it is anticipated that widespread usage of N-Methyl-2-pyrrolidone solvent to liquefy diverse materials in the oil and gas industry will promote market expansion.

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Top Players in the Global Toluene Aprotic Solvents Market:

CNPC Jilin Chemical Group, BASF SE, Eastman Chemical Company, Shell Chemicals, Ineos Chemicals Company, Celanese Corporation, DuPont Conglomerate Company, AlzChem AG, Asahi Kasei, Imperial Chemical Corporation, Mitsubishi Chemicals, Nanjing Jinlong, and Ashland.

Aprotic solvents are those that lack acidic hydrogen and are unable to deliver the necessary hydrogen atom. The key features of aprotic solvents include poor skin penetration, high polarity, high dipole moment, high dielectric constant, stability in the presence of strong acids, and incompatibility with strong bases like n-butyllithium. The demand for aprotic solvents is expected to increase from a number of end-use sectors, including pharmaceuticals, oil & gas, paints & coatings, and electronics, at a strong CAGR over the projected period.

Future market growth is anticipated to be further supported by rising use of bio-based goods. Some of the key aspects anticipated to support the growth in revenue for the global aprotic solvents over the forecast period include the extensive use of aprotic polarity solvent as a reaction solvent for pharmaceutical chemicals as well as in agricultural products and as a cleaning agent for electronic components.

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Toluene Aprotic Solvents Market segmentation

Type Outlook:

• N-Methyl-2-pyrrolidone (NMP)
• Toluene
• Benzene
• Acetone
• Others

Application Outlook:

• Oil & gas
• Pharmaceuticals
• Paints & Coatings
• Electronics
• Others

Key Regional Markets Covered in the Report:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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