Malaysia Solvents Market - Forecast(2021 - 2026)
Malaysia Solvents market size is forecast to reach US$185.4 million by 2026, after growing at a CAGR of 6.6% during 2021-2026. Solvents are generally available in a liquid state but they are also available in solid or gaseous forms. Ethylene glycols and ethyl acetate are the organic compounds finds its usage in paints & coatings, chemical manufactuirng, and other industries.Solvents are used for different applications in domestic, commercial, and research purposes. The growing demand for solvents from various industries such as transportation, pharmaceutical, personal care, and agriculture among others. The growing construction activities in Malaysia are also supporting the market growth during the forecast period. The growing demand for solvents from the paints & coatings sector along with the growing usage of paints & coatings among end-use industries is also driving the market positively. The rising disposable income and consumer spending as well as steady industrial g...