Hydrocarbon solvents are solvents that are organic in nature along with hydrogen and carbon atoms. They are produced in the form of volatile fractions in crude oil refineries. The resultant hydrocarbon solvents consists of paraffinic, natphthenic and aromatic constituents in different proportions. The aliphatic hydrocarbon solvents are employed in the manufacturing of paints & rubber whereas the aromatic hydrocarbon solvents are used in the form of thinners for the purpose of manufacturing printing inks, paints & coatings and pharmaceuticals.
MARKET DYNAMICS
The rise in the adoption of hydrocarbon solvents by the paint manufacturers for offering innovative products drives the growth of the hydrocarbon solvents market. Besides this, rise in incorporation of hydrocarbon solvents in the pharmaceutical industry also drives the market growth. However, side effects caused by hydrocarbon solvents in human health such as dizziness and irritation to nose & eyes restrict the fruitful development of the hydrocarbon solvents market. An upsurge in the investments by the major players and technological advancements are expected to bolster well the growth of the hydrocarbon solvents market in the near future.
MARKET SCOPE
The "Global Hydrocarbon Solvents Market Analysis to 2028"? is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrocarbon solvents market with detailed market segmentation by type, application and geography. The global hydrocarbon solvents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrocarbon solvents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydrocarbon solvents market is segmented on the basis of type and application. On the basis of type, the hydrocarbon solvents market is segmented into aliphatic and aromatic. As per application the market is broken into paints & coatings, cleaning & degreasing, printing inks, rubbers & polymers, adhesives, pharmaceuticals and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydrocarbon solvents market based on various segments. It also provides market size and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydrocarbon solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydrocarbon solvents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrocarbon solvents market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydrocarbon solvents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrocarbon solvents market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrocarbon solvents market in the global market. Below mentioned is the list of few companies engaged in the hydrocarbon solvents market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrocarbon solvents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Junyuan Petrochem Group
- Sasol
- Exxon Mobil Corporation
- Royal Dutch Shell
- Total S.A
- Engen Petroleum Ltd.
- Chevron Corporation
- LyondellBasell Industries Holdings B.V.
- Honeywell International Inc.
- Bayer AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.