Malaysia Solvents Market is to Touch $290.4 Million by 2030; Growing demand from building & construction industry and the growing transportation sector in Malaysia propels market growth.

The Malaysia Solvents Market size is estimated to reach $290.4 million by 2030, growing at a CAGR of 8.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Malaysia Solvents Market – By Source (Natural Sources, Derived Sources [Petroleum Sources, Synthetic Sources]), By Type (Organic Solvents [Hydrocarbon solvents {Aliphatic (Hexane, Mineral Spirits, Cyclohexane, Heptane, Pentane, and Others), Aromatic (Benzene, Toluene, Xylene, Pyridine, and Others)}, Oxygenated solvents {Alcohols (Butanol, Isopropyl alcohol, Propanol, Ethanol, Methanol, Others), Ketones (Acetone, Acetophenone, Methyl ethyl ketone (MEK), and Others), Aldehydes (Acetaldehyde, Formaldehyde, and Others), Ethers (Dioxane, Diethyl ether, Tetrahydrofuran, Mono-ethylene glycol (MEG), Di-ethylene glycol (DEG), Propylene Glycol Monomethyl Ether (PGME), and Others), Esters (Ethyl acetate, Propylene carbonate Methyl acetate, Propylene Glycol Monomethyl Ether Acetate, and Others), Other Oxygenated (Formic acid, Acetic acid, and Others)}, Halogenated solvents {Chlorinated (Chloroform, Dichloromethane (Methylene chloride), Carbon tetrachloride, and Others), Brominated (Ethylene dibromide, and Others), and Others)}, Other Organic Solvents (Dimethylformamide, Acetonitrile, Dimethyl sulfoxide (DMSO), Nitromethane, N-methyl, Pyrrolidone (NMP), and Others)}], and Inorganic Solvents {Liquid Ammonia, Liquid Sulfur Dioxide, Sulfuric Acid, Sulfuryl Chloride Fluoride, and Others}), By End-Use Industry (Paints & Coatings, Pharmaceutical, Adhesives, Printing Inks, Cosmetics, Food and Beverage, Agricultural, Industrial Cleaning, Oil and Gas, Chemical, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Growth in the pharmaceutical & healthcare sector and Expansion of the green solvents market are expected to create growth opportunities in the market during forecast period.

APAC accounted for the largest share of 54% of the Malaysia Solvents Market in 2023 followed by Europe and North America. The rapid industrialization and urbanization in the APAC region, particularly in Malaysia, are driving demand for solvents used in various industries, including construction, automotive, and manufacturing. 

As environmental regulations become stricter and consumer awareness of sustainability increases, industries are moving away from traditional solvents, which often have high levels of volatile organic compounds (VOCs) that contribute to air pollution. The demand for solvents derived from renewable resources, such as bio-based solvents, is on the rise. These eco-friendly alternatives are less harmful to the environment and safer for workers, which aligns with the global trend towards greener industrial practices. This shift is particularly noticeable in industries such as paints and coatings, where the need for sustainable solutions is critical.

As the country continues to develop its industrial base, there is an increased need for solvents across various manufacturing processes, including electronics, automotive, and textiles. Solvents are used in the production of adhesives, coatings, and cleaning agents, which are essential for maintaining efficiency and quality in manufacturing operations. The expansion of the manufacturing sector, supported by Malaysia’s strategic economic policies and investments in industrial infrastructure, is fueling the demand for solvents. This trend highlights the integral role solvents play in supporting industrial growth and innovation in Malaysia. 

Key companies profiled in the Malaysia Solvents Market are PETRONAS Chemicals Group Berhad, Lotte Chemical Titan, Ancom Berhad, Royal Dutch Shell, BASF SE, Arkema Sdn Bhd, Idemitsu Kosan, ExxonMobil Chemical Malaysia Sdn Bhd, DAIREN CHEMICAL (M) SDN. BHD., British Petroleum, and Others.