Market Overview:
The global high boiling aromatic solvents market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high boiling aromatic solvents in various applications such as coatings, agriculture, inks, petroleum additives, and others. In addition, the growing demand for these solvents from emerging economies is also contributing to the growth of this market.
Product Definition:
A high boiling aromatic solvent is a solvent that boils at a higher temperature than other solvents. These solvents are often used in the production of polymers, plastics, and other synthetic materials. The high boiling point allows these materials to be produced at higher temperatures, which results in a more consistent product.
SA-1000:
SA-1000 is a special grade of supercritical fluid solvents that are used in high boiling aromatic solvents. SA-1000 has the highest boiling point among all other types of supercritical fluids and it also has a unique feature, which is its ability to dissolve both organic and inorganic compounds. It can be characterized as an organic solvent with higher volatility than ether or chloroform but lower than acetone.
SA-1500:
SA-1500 is a high boiling aromatic solvent, which has applications in cleaning and degreasing. It also finds application as an intermediate for manufacturing various chemicals such as herbicides, pesticides, and fungicides. SA- 1500 is also used to manufacture adhesives and sealants that are used in the building & construction industry. The growing demand from end-use industries such as paints & coatings and automotive are expected to drive market growth over the forecast period.
Application Insights:
In terms of volume, the agriculture application segment is anticipated to emerge as the fastest-growing segment over the forecast period. This can be attributed to increasing product demand from countries, such as India and China. In addition, high boiling aromatics are widely used in agricultural applications owing to their excellent solvent properties for dissolving pesticides and fertilizers. These solvents are also used in a variety of industries including food & beverage processing and oil & gas processing where they are utilized for cleaning equipment or manufacturing new components/machines.
High boiling aromatics have wide industrial usage across various sectors which include coatings, agriculture chemicals (pesticides), petroleum additives (refining), printing ink production (for instance; Dymax Corporation produces environmentally friendly printing ink using soybean oil based on high boilers 2000W).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing strong economic growth on account of increasing industrialization, coupled with rising foreign investments in various sectors including manufacturing, construction, and petroleum additives.
The demand for high boiling aromatic solvents is likely to be driven by their extensive usage as plasticizers in coatings and varnishes as well as solvents for printing ink production. In addition, rapidly expanding end-use industries such as agriculture & horticulture products; pharmaceuticals; food processing equipment; adhesives & sealants are projected to further drive product demand over the coming years.
Growth Factors:
- Increasing demand for high boiling aromatic solvents in end-use industries such as paints & coatings, adhesives & sealants, and printing inks.
- Rising demand for high boiling aromatic solvents from emerging countries such as China and India due to the growth of their economies and increasing population.
- Growing use of high boiling aromatic solvents in various applications such as automotive, aerospace, construction, and electronics due to their properties such as thermal stability and low volatility.
- Technological advancements that have led to the development of new products with better performance characteristics than traditional ones is expected to drive the market growth during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
High Boiling Aromatic Solvents Market Research Report
By Type
SA-1000, SA-1500, SA-2000
By Application
Coating, Agriculture, Inks, Petroleum Additives, Others
By Companies
Royal Dutch Shell, Hanwha Total, Exxon Mobil Corporation, TotalEnergies, Maruzen Petrochemical, Mitsubishi Gas Chemical, Nippon Petrochemicals Co., Ltd., Mehta Petro Refineries, Chevron Phillips Chemical, Zhengdan Chemical, Jiangsu Hualun, Shenzhen Esson, Shandong Jingbo Shihua
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global High Boiling Aromatic Solvents Market Report Segments:
The global High Boiling Aromatic Solvents market is segmented on the basis of:
Types
SA-1000, SA-1500, SA-2000
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Coating, Agriculture, Inks, Petroleum Additives, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Royal Dutch Shell
- Hanwha Total
- Exxon Mobil Corporation
- TotalEnergies
- Maruzen Petrochemical
- Mitsubishi Gas Chemical
- Nippon Petrochemicals Co., Ltd.
- Mehta Petro Refineries
- Chevron Phillips Chemical
- Zhengdan Chemical
- Jiangsu Hualun
- Shenzhen Esson
- Shandong Jingbo Shihua
Highlights of The High Boiling Aromatic Solvents Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- SA-1000
- SA-1500
- SA-2000
- By Application:
- Coating
- Agriculture
- Inks
- Petroleum Additives
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Boiling Aromatic Solvents Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High boiling aromatic solvents are solvents that have a boiling point of at least 176 degrees Fahrenheit. These solvents can be used in many different industries, including the chemical, pharmaceutical, and paint industries.
Some of the major companies in the high boiling aromatic solvents market are Royal Dutch Shell, Hanwha Total, Exxon Mobil Corporation, TotalEnergies, Maruzen Petrochemical, Mitsubishi Gas Chemical, Nippon Petrochemicals Co., Ltd., Mehta Petro Refineries, Chevron Phillips Chemical, Zhengdan Chemical, Jiangsu Hualun, Shenzhen Esson, Shandong Jingbo Shihua.
The high boiling aromatic solvents market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 High Boiling Aromatic Solvents Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 High Boiling Aromatic Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 High Boiling Aromatic Solvents Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the High Boiling Aromatic Solvents Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global High Boiling Aromatic Solvents Market Size & Forecast, 2018-2028
4.5.1 High Boiling Aromatic Solvents Market Size and Y-o-Y Growth
4.5.2 High Boiling Aromatic Solvents Market Absolute $ Opportunity
Chapter 5 Global High Boiling Aromatic Solvents Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 High Boiling Aromatic Solvents Market Size Forecast by Type
5.2.1 SA-1000
5.2.2 SA-1500
5.2.3 SA-2000
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global High Boiling Aromatic Solvents Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 High Boiling Aromatic Solvents Market Size Forecast by Applications
6.2.1 Coating
6.2.2 Agriculture
6.2.3 Inks
6.2.4 Petroleum Additives
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global High Boiling Aromatic Solvents Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 High Boiling Aromatic Solvents Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America High Boiling Aromatic Solvents Analysis and Forecast
9.1 Introduction
9.2 North America High Boiling Aromatic Solvents Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America High Boiling Aromatic Solvents Market Size Forecast by Type
9.6.1 SA-1000
9.6.2 SA-1500
9.6.3 SA-2000
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America High Boiling Aromatic Solvents Market Size Forecast by Applications
9.10.1 Coating
9.10.2 Agriculture
9.10.3 Inks
9.10.4 Petroleum Additives
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe High Boiling Aromatic Solvents Analysis and Forecast
10.1 Introduction
10.2 Europe High Boiling Aromatic Solvents Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe High Boiling Aromatic Solvents Market Size Forecast by Type
10.6.1 SA-1000
10.6.2 SA-1500
10.6.3 SA-2000
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe High Boiling Aromatic Solvents Market Size Forecast by Applications
10.10.1 Coating
10.10.2 Agriculture
10.10.3 Inks
10.10.4 Petroleum Additives
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific High Boiling Aromatic Solvents Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific High Boiling Aromatic Solvents Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific High Boiling Aromatic Solvents Market Size Forecast by Type
11.6.1 SA-1000
11.6.2 SA-1500
11.6.3 SA-2000
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific High Boiling Aromatic Solvents Market Size Forecast by Applications
11.10.1 Coating
11.10.2 Agriculture
11.10.3 Inks
11.10.4 Petroleum Additives
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America High Boiling Aromatic Solvents Analysis and Forecast
12.1 Introduction
12.2 Latin America High Boiling Aromatic Solvents Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America High Boiling Aromatic Solvents Market Size Forecast by Type
12.6.1 SA-1000
12.6.2 SA-1500
12.6.3 SA-2000
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America High Boiling Aromatic Solvents Market Size Forecast by Applications
12.10.1 Coating
12.10.2 Agriculture
12.10.3 Inks
12.10.4 Petroleum Additives
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) High Boiling Aromatic Solvents Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) High Boiling Aromatic Solvents Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) High Boiling Aromatic Solvents Market Size Forecast by Type
13.6.1 SA-1000
13.6.2 SA-1500
13.6.3 SA-2000
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) High Boiling Aromatic Solvents Market Size Forecast by Applications
13.10.1 Coating
13.10.2 Agriculture
13.10.3 Inks
13.10.4 Petroleum Additives
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 High Boiling Aromatic Solvents Market: Competitive Dashboard
14.2 Global High Boiling Aromatic Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Royal Dutch Shell
14.3.2 Hanwha Total
14.3.3 Exxon Mobil Corporation
14.3.4 TotalEnergies
14.3.5 Maruzen Petrochemical
14.3.6 Mitsubishi Gas Chemical
14.3.7 Nippon Petrochemicals Co., Ltd.
14.3.8 Mehta Petro Refineries
14.3.9 Chevron Phillips Chemical
14.3.10 Zhengdan Chemical
14.3.11 Jiangsu Hualun
14.3.12 Shenzhen Esson
14.3.13 Shandong Jingbo Shihua
