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Hydrocarbon Solvents Market

Hydrocarbon Solvents Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Frequently asked questions about this report

The demand for solvent-based paint and coatings is growing at a steady rate owing to an increase in consumption in architectural applications and end-user industries such as oil and gas, aerospace, marine, and steel.

The global hydrocarbon solvents market size was valued at US$ 6.1 Bn in 2020

The global hydrocarbon solvents market is expected to register a compound annual growth rate (CAGR) of 6.3% during the forecast period

Some of the prominent companies in the hydrocarbon solvents market are: Total, ExxonMobil Corporation, Royal Dutch Shell, TOP SOLVENT CO., LTD., Jun Yuan Petroleum Group, China Petroleum & Chemical Corporation., Parchem fine & specialty chemicals, LANXESS, Avani Petrochem, Gandhar Oil, Lyondellbasell Industries Holdings B.V., Ashland, KTC Chemical, SBC Industries, Bayer AG, MEHTA PETRO REFINERIES LTD., Reliance Industries Limited, Sasol, NewAge Industrial Oil Pvt. Ltd., and ENGEN PETROLEUM LTD, among other domestic and global players.

Europe led the global market in 2020 with a share of around 40%.