The global demand for Solvent Naphtha Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Solvent naphtha is a colorless non-viscous liquid hydrocarbon obtained as an intermediate in refineries. It is insoluble in water but dissolves in aromatic solvents. It can be produced from tar, shale deposit, and destructive distillation of wood and crude oil. Solvent naphtha is used in a wide range of chemical formulations like paints, coatings, resins, fuel additives, printing inks, cleaning agents as a solvent. It can also be used as a fuel for camp stoves. It is used in the agricultural industry to produce insecticides and herbicides. Choosing the right solvent is critical for smooth manufacturing and reducing damage to industrial machinery.
The growth drivers identified under the study period are rapid industrialization and urbanization along with its increasing demand in painting and coatings. The expanding packaging and chemicals industry will further propel the market for solvents for use in synthetic resins and rubber. Growing research and development activities to manufacture novel agrochemicals to meet the global food demand will boost the market growth. Changing lifestyles and rising demand for cleaning products for commercial and household applications will be a market booster. The foremost restraining factors that influence the growth of the solvent naphtha market are the volatility of the price of raw materials, strict government regulations concerning environmental safety, and high consumption tax.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of solvent naphtha.
The entire solvent naphtha market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Paraffin Solvent
- CycloParaffin Solvent
- C9 Solvent
- C10 Solvent
- Paints & Coatings
- Agro Chemicals
- Rubber & Resin
- Printing Inks
- Industrial Cleaning
This section covers regional segmentation which accentuates on current and future demand for solvent naphtha market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Solvent Naphtha Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the solvent naphtha market include Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet, Idemitsu, BP, Dow, Citgo, Reliance, KAPCO, Mitsubishi, CEPSA. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.