Growth in the residential and commercial building projects in these regions, added with a surge in the demand for automobiles in these developing economies, have reportedly led to an added demand for global coatings, which will continue to increase the global demand for solvents.

Regionally, the market in Europe is predicted to grow with a sluggish pace owing to the mature nature of market in this region, while North America, following Europe closely, is also anticipated to achieve moderate growth over the forecast period. The Asia Pacific region, which dominated the market with a 40% share in 2011, is estimated to continue its run for solvents owing to growing demands from emerging economies such as India and China. The U.S. market of solvents is, however, expected to suffer a huge blow owing to the rise in government legislations controlling the production and use of solvents. This has resulted from the growing awareness about the hazards of solvent exposure on both human health and the environment.

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