Solvent

A solvent (from the Latin solvō, “I loosen, untie, I solve”) is a substance that dissolves a solute (a chemically different liquid, solid or gas), resulting in a solution. A solvent is usually a liquid but can also be a solid or a gas. The maximum quantity of solute that can dissolve in a specific volume of solvent varies with temperature. Common uses for organic solvents are in dry cleaning (e.g., tetrachloroethylene), as paint thinners (e.g., toluene, turpentine), as nail polish removers and glue solvents (acetone, methyl acetate, ethyl acetate), in spot removers (e.g., hexane, petrol ether), in detergents (citrus terpenes), in perfumes (ethanol), nail polish and in chemical synthesis. The use of inorganic solvents (other than water) is typically limited to research chemistry and some technological processes.

The global solvent market is expected to earn revenues of about US$33 billion in 2019. The dynamic economic development in emerging markets like China, India, Brazil, or Russia will especially continue to boost demand for solvents. Specialists expect the worldwide solvent consumption to increase at an average annual rate of 2.5% over the next years. Accordingly, the growth rate seen during the past eight years will be surpassed.