Key Highlights
Market valued at USD 51.19 billion in 2024.
Forecast to reach USD 88.61 billion by 2032.
Expected CAGR of 7.1%.
Hydrocarbon solvents remain the leading product category.
Paints & coatings account for nearly one-third of total demand.
Asia Pacific represents approximately half of global solvent consumption.
Pharmaceutical demand continues strengthening...