North America Specialty Solvents Market Is Projected to Be Valued at Us$ 51.2 Bn by 2022

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...