The global high purity solvent market is anticipated to grow at a significant CAGR during the forecast period. The growing usage of n-heptane solvent as a test fuel component in anti-knock engine testing is propelling the market for high purity solvents forward. The life sciences segment’s increasing use of high purity solvents for the fabrication of lab consumables is a market driver for high purity solvents. The widespread use of high purity solvents has health risks, such as toxicity in reproductive and nervous systems, which may obstruct the growth of the global high purity solvents market.
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The increasing use of high purity solvents in perfumes may present an opportunity for the global high purity solvents market. Manufacturers of high purity solvents may face a challenge in the advanced research and adoption of green and bio-based solvents. Many new developments are also being undertaken by companies globally, which is increasing the demand for high purity solvents.
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For instance, in April 2020, Evonik Industries AG introduce an innovative membrane reactor that may be used on an industrial scale. The growth aids in enhancing consumer interaction, as well as the company’s goodwill and revenue in the market.
Global High Purity Solvent Market – Segmentation
By Type
Spectrophotometric Solvents
UHPLC and LC/MS Solvents
HPLC Solvents
GC Solvents
Others
By Application
Liquid Crystals
Lithium-Ion Batteries
Electroplating
Polymer Resins
Catalysts
Others
By Category
Polar Solvent
Non-Polar Solvent
Global High Purity Solvent Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Exxon Mobil Corporation
BASF SE
Asahi Kasei Corporation
Linde
Thermo Fisher Scientific Inc.
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