Market Overview:

The global aprotic solvents market has been segmented on the basis of source, type, end-use industries, and region.

Based on source, global aprotic solvents market has been segmented into bio-based and synthetic. Solvents derived from synthetic process have gained higher importance and has acquired a larger market share in 2021. The ease of production and its growing use in various end-use industries such as oil & gas, pharmaceutical, and paints & coatings has driven the market for synthetically derived aprotic solvents. Synthetic segment in the aprotic solvents market is expected to show remarkable growth in the forecast period.

By type, N-methyl-2-pyrrolidone held the largest share in the global aprotic solvents market in 2017 and it is expected to continue its dominance in the review period. N-methyl-2-pyrrolidone is widely used in processing petrochemicals and formulation for drugs in pharmaceutical industries by both oral and transdermal delivery routes. The rapid growth of petrochemical and pharmaceutical industries across various regions of the globe is expected to drive the demand for aprotic solvents in the forecast years on the global level.

On the basis of end-use industries, oil & gas industries dominated the global aprotic solvents market in 2017, and it is expected to continue dominance in the review period. Aprotic solvents help to recover the hydrocarbons while processing petrochemicals. The growing petrochemical industry is attributing to the rising demand of aprotic solvents.

Key Players:

  • BASF
  • DowDuPont
  • Eastman Chemical Company
  • INEOS
  • Mitsui Chemicals
  • Shell International
  • Asahi Kasei
  • Ashland
  • AlzChem
  • Celanese
  • Imperial Chemicals Corporation
  • Nanjing Jinlong Chemical

Regional Analysis:

Geographically, global aprotic solvents market is spanned across five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific dominated the global aprotic solvents market in 2021, and it is expected to continue its dominance due to the growing pharmaceutical and oil & gas industries in this region. The ever-growing chemical industries and paints & coatings industries have boosted the demand for aprotic solvents in the North American market. European market is expected to grow at a healthy CAGR during the review period, owing to the presence of large number of healthcare industries in this region, and increased demand for aprotic solvents in this end-use industry. While Latin America and the Middle East & Africa markets are expected to show moderate and steady growth respectively in the forecast period.

 COVID 19 Analysis:

One of the potential end-user industries of aprotic solvents is the oil and gas industry. The aprotic solvents, especially N-methyl-2-pyrrolidone are used in the oil and gas industry. The crucial processes such as liquefaction and drilling operations involved in the oil and gas industry are performed using this aprotic solvent. Since the oil and gas industry was facing distress throughout the pandemic, the demand for this aprotic solvent, that is N-methyl-2pyrrolidene has also been affected negatively. 

On the other hand, the demand for pharmaceutical products, medicines, and ointments was not affected but has increased during the pandemic due to the rising cases of emergencies. Such factors have impacted the overall growth of the aprotic solvents industry. The aprotic solvents are used in the manufacturing of ointments and medicines to offer homogenous dispersion and stability for medicines in the form of creams and lotions. The increasing investment in the pharmaceutical industry in recent years has aided the overall growth of the aprotic solvents industry.