Oxygenated Solvents Market Size

Oxygenated Solvents Market size was valued at USD 31.98 Billion in 2023 and is projected to exceed USD 73.4 Billion by 2036, expanding at over 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of oxygenated solvents is evaluated at USD 33.96 Billion. The global oxygenated solvents market is expected to grow in the coming years as the paint and coatings industry expands due to increased demand and consumption of paint and coatings products around the world.

Furthermore, as some oxygenated solvents are used to produce insecticides, the rise in agricultural activities in emerging nations and the rising demand for crop protection products are expected to drive market growth in the coming years. Furthermore, rapid industrialization around the world, as well as increased regulations from governments to use bio and green solvents in various industries, are expected to drive market growth over the forecast time frame.