Hydrocarbon Solvents Market - Global Market Share, Trends, Analysis and Forecasts, 2023 - 2032
Hydrocarbon solvents are the sort of natural solvents, particles which comprise just of hydrogen and carbon in small indefinite quantity. The raw petroleum treatment facilities are the significant makers of the hydrocarbon solvents, and it is produced in form of explosive parts containing naphthenic, paraffinic, and fragrant constituents in different degree. As per investigation, the worldwide hydrocarbon solvents market is expected to develop at a huge CAGR during the evaluation time. Flooding interest of consumer base for hydrocarbon solvents in the paints and covering industry is relied upon to drive the worldwide market. In 2014, the Imperial Dutch Shell Plc created Gas-to-Liquid (GTL) innovation technology for production and detachment of hydrocarbon solvents. The innovation has energized the hydrocarbon solvents market.
Hydrocarbon solvents are broadly utilized as conveyers in printing inks. These solvents scatter and move different substances on the substrate. Printing inks are broadly utilized in the packing business, principally for, cardboard containers printing, and so on. Ascend in exchanging exercises and increment modern yield are probably going to impel the demand for bundling, in this way boosting the demand for printing inks soon. China and India are among the significant import-export nations with outstanding development in exchanging exercises.
Likewise, the expanding reception of hydrocarbon dissolvable by paint makers for a creative products offering is additionally decidedly affecting the development of the hydrocarbon solvents market. Also, expansion of electric vehicles sales is boosting the demand for auto paints. This is assessed to drive the interest in paints and coatings, accordingly, expanding the interest for quickly drying paints. Thus, this is projected to increase the hydrocarbon solvents market during the forecast time of 2023-2032.
Global Hydrocarbon Solvents Market Value Share Analysis, by Geography (2022)
The report titled “Global Hydrocarbon Solvents Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Hydrocarbon Solvents Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Hydrocarbon Solvents market is segmented based on product type, and application type, and region. Based on product type is segmented into Deposition, Etching, Doping, Lithography, others. Based on application type is segmented into Aluminum Production, Home & Industrial Appliances, Refrigeration, Pharmaceuticals, Electrical & Electronics, Others. Based on geography is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Hydrocarbon Solvents Market. Further, market share of prominent companies in the Global Hydrocarbon Solvents Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Hydrocarbon Solvents companies. The Global Hydrocarbon Solvents Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Hydrocarbon Solvents business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Hydrocarbon Solvents Market.
The key players of the global hydrocarbon solvents market are 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,.
Global Hydrocarbon Solvents Market Key Segments:
By Product type
- Aliphatic
- Aromatic
By Application type
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Hydrocarbon Solvent Market
- Global Hydrocarbon Solvent Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Trends
- Global Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Global Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- Global Hydrocarbon Solvent Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- Global Hydrocarbon Solvent Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- North America Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- North America Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- North America Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Europe Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- Europe Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- Europe Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
- Asia Pacific Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Asia Pacific Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- Asia Pacific Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- Asia Pacific Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- China
- Japan
- India
- Australia
- Rest of Asia Pacific
- Middle East Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- Middle East Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- Middle East Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- Middle East Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- UAE
- Saudi Arabia
- Egypt
- Qatar
- Oman
- Rest of Middle East
- South America Hydrocarbon Solvent Market Analysis and Forecast, by Type
- Overview and definitions
- Key segment analysis
- South America Hydrocarbon Solvent Market Estimates (US$ Mn), by Type, 2019 – 2032
- Aliphatic
- Aromatic
- South America Hydrocarbon Solvent Market Estimates (US$ Mn), by Application, 2019 – 2032
- Paints and coatings
- Cleaning and degreasing
- Printing inks
- Rubbers and polymers
- Adhesives
- Aerosols
- Agriculture chemicals
- Pharmaceuticals
- Others
- South America Hydrocarbon Solvent Market Estimates (US$ Mn), by Region, 2019 – 2032
- Brazil
- Rest of South America
- Competition Analysis – Hydrocarbon Solvent Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- ExxonMobil Corporation
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Safra Co.
- Royal Dutch Shell
- TOP SOLVENT CO., LTD.
- Parchem fine & specialty chemicals
- Jun Yuan Petroleum Group
- LANXESS
- Bayer AG
- Lyondellbasell Industries Holdings B.V.
- SBC Industries
- Ashland
- DuPont
- Reliance Industries Limited
- NewAge Industrial Oil Pvt. Ltd.
- China Petroleum & Chemical Corporation.
- ExxonMobil Corporation
- Conclusion & Recommendations
Frequently asked questions about this report
What are the factors driving the Hydrocarbon Solvents Market?
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.
How big is the Hydrocarbon Solvents Market?
The global hydrocarbon solvents market size was valued at US$ 6.1 Bn in 2020
What is the Hydrocarbon Solvents Market growth?
The global hydrocarbon solvents market is expected to register a compound annual growth rate (CAGR) of 6.3% during the forecast period
Who are the key players in the Hydrocarbon Solvents Market?
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.
Which region accounted for the highest Hydrocarbon Solvents Market share?
Europe led the global market in 2020 with a share of around 40%.