Maratek Environmental like to keep an eye on major trends in the consumption of solvents. This can influence us in our decision making and which types of solvent equipment might be trending up or fading away. Here are some of the highlights of a recent study dated june 10th 2014 from www.reportlinker.com.
Paint, coatings to surpass transportation as top market
The transportation market will give way to the paint and coatings market as the largest consumer of solvents by 2018. Restrained by lengthening engine coolant flush intervals and increased consumer demand for longer-lasting, less toxic propylene glycol antifreeze, demand for solvents in the transportation market will grow at a below-average pace through 2023. Additionally, solvent recycling operations will provide additional downward pressure on overall solvent demand going forward.
Alcohols, glycols among favored "green" solvents
Steadily increasing concerns about their sustainability and chemical toxicity, as well as external regulatory pressure, will fuel demand for "green" solvents that are derived from renewable raw materials. This will contribute to growth in alcohols and glycols, which will post the largest advances of all solvents.
Other "green" solvents such as butanediol, terpenes, and esters will register the fastest demand growth, albeit from much smaller bases. In addition to favoring more eco-friendly solvents, tightening regulatory standards will restrain overall solvent demand growth, as will industry efforts to limit waste and reduce costs by increased solvent recovery and recycling.
US demand to rise over 1% per annum through 2018
A robust recovery in US construction spending along with the continued rebound in manufacturing output will drive advances in US solvent demand at a greater than one percent annual pace through 2018.
Strength in both nonresidential and residential building construction will stimulate not only direct solvent use in construction related activities, but also increased solvent demand in paint and coatings and other construction related materials.
Solvent use in a variety of manufacturing applications, but most notably in chemical processing, will be supported in part by comparatively low natural gas prices that will help boost the competitiveness of US manufacturers.
The collapse of the housing market and subsequent deep recession resulted in a sharp drop in solvent demand in nearly all applications. This will change going forward as an improved fiscal situation for homeowners and businesses alike -- along with an easing in the tight lending standards that have been prevalent since the financial crisis in 2008 -- will result in robust growth in building construction spending. This in turn will benefit not only direct solvent consumption during construction, but also support increased solvent use in paint, coatings, and other construction related materials.
Shift to "greener" solvents to affect key markets
Consumer demand for products with low environmental impacts will encourage producers in the cleaning products and cosmetic and toiletry markets to introduce new or reformulated products that make use of "greener" solvents derived from renewable resources.
In addition, environmental regulations at both the state and federal levels aimed at reducing volatile organic compound (VOC) emissions will boost glycol-based solvent demand in the paint and coatings market. Similarly, alcohol solvents will exhibit greater demand from the pharmaceuticals market in order to help producers meet strict FDA and EPA regulations. Shifts in demand within the sizable printing inks market will also be affected by the trend toward "greener" solvent products as soy and propanol-based solvents continue to make inroads as replacements for hydrocarbons.
Trust Our Solvent Experience:
Maratek Environmental has been in solvent business for over 30 years and we continue to grow and adapt to an ever-changing printing industry. As market leaders in solvent recycling and recovery for the last 10 years, we take pride in providing our customers throughout North America with reliable, innovative, and cost saving recycling solutions. Maratek recently purchased one of the largest manufacturers of solvent equipment - Omega Recycling Technologies and we are maintaining the tradition of engineering the finest products.
The Maratek Solvent Saver is the proud recipient of the 2005 InterTech Award for Technological Excellence.
For more information, or a free solvent waste sample lab test and payback analysis of how you can save on your solvent recycling, contact us at 1 800 667-6272 or visit our website at www.maratek.com.
Maratek corporate offices are located in Bolton, Ontario; about 15 minutes north of Toronto.
Maratek Environmental Inc.
60 Healey Road
Toll Free: 1.800.667.6272