| Product Code: ETC6775591 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Colombia solvent import market saw significant contributions from top exporting countries like the United States of America, Germany, and Mexico. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market structure. Despite a remarkable compound annual growth rate (CAGR) of 59.95% from 2020 to 2024, there was a sharp decline in growth rate from 2023 to 2024 at -40.06%. This suggests a potential shift in market dynamics or external factors impacting the industry. Stakeholders should closely monitor these trends for strategic decision-making in the solvent import sector.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Colombia Solvent Market Overview |
3.1 Colombia Country Macro Economic Indicators |
3.2 Colombia Solvent Market Revenues & Volume, 2021 & 2031F |
3.3 Colombia Solvent Market - Industry Life Cycle |
3.4 Colombia Solvent Market - Porter's Five Forces |
3.5 Colombia Solvent Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Colombia Solvent Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.7 Colombia Solvent Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Colombia Solvent Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry leading to increased demand for solvents |
4.2.2 Rising disposable income and urbanization driving the automotive industry, which in turn boosts the solvent market |
4.2.3 Government initiatives promoting the use of eco-friendly solvents for sustainable development |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of solvents |
4.3.2 Stringent regulations on volatile organic compounds (VOCs) leading to the development of eco-friendly but costlier solvents |
5 Colombia Solvent Market Trends |
6 Colombia Solvent Market, By Types |
6.1 Colombia Solvent Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Colombia Solvent Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Colombia Solvent Market Revenues & Volume, By Alcohols, 2021- 2031F |
6.1.4 Colombia Solvent Market Revenues & Volume, By Hydrocarbons, 2021- 2031F |
6.1.5 Colombia Solvent Market Revenues & Volume, By Ketones, 2021- 2031F |
6.1.6 Colombia Solvent Market Revenues & Volume, By Esters, 2021- 2031F |
6.1.7 Colombia Solvent Market Revenues & Volume, By Chlorinated, 2021- 2031F |
6.1.8 Colombia Solvent Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Colombia Solvent Market, By Source |
6.2.1 Overview and Analysis |
6.2.2 Colombia Solvent Market Revenues & Volume, By Petrochemical-based, 2021- 2031F |
6.2.3 Colombia Solvent Market Revenues & Volume, By Bio and Green, 2021- 2031F |
6.3 Colombia Solvent Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Colombia Solvent Market Revenues & Volume, By Paints and Coatings, 2021- 2031F |
6.3.3 Colombia Solvent Market Revenues & Volume, By Printing Inks, 2021- 2031F |
6.3.4 Colombia Solvent Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.3.5 Colombia Solvent Market Revenues & Volume, By Cosmetics and Adhesives, 2021- 2031F |
6.3.6 Colombia Solvent Market Revenues & Volume, By Others, 2021- 2031F |
7 Colombia Solvent Market Import-Export Trade Statistics |
7.1 Colombia Solvent Market Export to Major Countries |
7.2 Colombia Solvent Market Imports from Major Countries |
8 Colombia Solvent Market Key Performance Indicators |
8.1 Adoption rate of eco-friendly solvents in various industries |
8.2 Investment in research and development for innovative solvent formulations |
8.3 Number of new construction projects and automotive manufacturing units using solvents |
8.4 Rate of urbanization and its impact on solvent consumption trends |
9 Colombia Solvent Market - Opportunity Assessment |
9.1 Colombia Solvent Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Colombia Solvent Market Opportunity Assessment, By Source, 2021 & 2031F |
9.3 Colombia Solvent Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Colombia Solvent Market - Competitive Landscape |
10.1 Colombia Solvent Market Revenue Share, By Companies, 2024 |
10.2 Colombia Solvent Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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