Market Overview:
The global isoparaffinic hydrocarbon 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 these solvents from various end-use industries, such as lubricating oil, polymers, cleaning, paints & coatings, cosmetics and agrochemicals. In addition, the growing demand for bio-based isoparaffinic hydrocarbon solvents is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On the basis of type, C8 accounted for a major share of the global isoparaffinic hydrocarbon solvents market in 2017 and it is expected to maintain its dominance duringthe forecast period as well. This can be attributedto its properties such as low viscosity and volatility which make it suitable for use in various applications such as lubricating oil and polymers.
Product Definition:
Isoparaffinic hydrocarbon solvents are a type of solvent that is made up of molecules that have a carbon-to-carbon backbone. This type of solvent is important because it is non-toxic, has a low evaporation rate, and is biodegradable. Additionally, it can be used to dissolve a variety of materials including plastic and rubber.
C8:
C8 is also known as octachloroethylene. It is a colorless, flammable liquid with a mild odor. C8 has 8 carbon atoms in the molecule and it is closely related to olefins like ethylene and propylene.
C12:
C12 is a colorless, flammable, water-soluble hydrocarbon with a strong odor. It is produced during the fractionation process of crude oil and natural gas. C12 consists of 12 carbon atoms and it has an aliphatic structure like other paraffins.
Application Insights:
Lubricating oils was the dominant application segment in 2017 and is expected to witness growth at a CAGR of XX% from 2018 to 2030. The rising demand for these oils in manufacturing processes, such as refining and petrochemicals, is anticipated to drive the product demand. Furthermore, increasing automotive production across the globe owing to growing middle-class population coupled with high consumer spending on luxury vehicles is further anticipated to augment market growth over the forecast period.
Polymers emerged as one of the major applications segment in 2017 and accounted for 24.1% of total volume that year.
Regional Analysis:
Asia Pacific isoparffinic hydrocarbon solvents market led the global industry and accounted for over 45% of the total revenue in 2016. The region is expected to witness substantial growth on account of increasing demand from various end-use industries, such as lubricants, polymers, cleaning products and paints & coatings.
The growing automotive industry in China and India coupled with rising investments by multinational companies for manufacturing vehicles using low-cost raw materials will drive product demand over the forecast period. In addition, favorable government regulations regarding VOC emissions are anticipated to propel C8 production across countries such as Indonesia and Malaysia which will further boost regional market growth during the forecast period.
Europe was estimated at USD X million in 2016 owing to stringent environmental regulations by European Commission (EC) that has compelled major chemical manufacturers focus on developing sustainable chemicals while producing high quality products meeting EC standards thereby driving product demand across this region.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and printing inks
- Rising demand for isoparaffinic hydrocarbon solvents in emerging economies 3. Growing use of isoparaffinic hydrocarbon solvents as a green solvent owing to its environmental friendly properties 4. Increasing investments by key players in research and development activities to develop new products 5. Rising popularity of bio-based isoparaffinic hydrocarbon solvents
Scope Of The Report
Report Attributes
Report Details
Report Title
Isoparffinic Hydrocarbon Solvents Market Research Report
By Type
C8, C12, C16, C20, Others
By Application
Lubricating Oil, Polymers, Cleaning, Paints & Coatings, Cosmetics, Agrochemicals, Others
By Companies
ExxonMobil Chemical, Shell, Idemitsu Kosan, Total, Chevron Phillips, INEOS, Braskem, Maruzen Petrochemical, Lanxess, ZMPC
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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Isoparffinic Hydrocarbon Solvents Market Report Segments:
The global Isoparffinic Hydrocarbon Solvents market is segmented on the basis of:
Types
C8, C12, C16, C20, Others
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
Lubricating Oil, Polymers, Cleaning, Paints & Coatings, Cosmetics, Agrochemicals, 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:
- ExxonMobil Chemical
- Shell
- Idemitsu Kosan
- Total
- Chevron Phillips
- INEOS
- Braskem
- Maruzen Petrochemical
- Lanxess
- ZMPC
Highlights of The Isoparffinic Hydrocarbon 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:
- C8
- C12
- C16
- C20
- Others
- By Application:
- Lubricating Oil
- Polymers
- Cleaning
- Paints & Coatings
- Cosmetics
- Agrochemicals
- 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 Isoparffinic Hydrocarbon 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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- Correctly Positioning New Products
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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?
Isoparaffinic hydrocarbons are a type of solvent that is made up of molecules that have both hydrogen and carbon atoms. These solvents can be used to dissolve other substances, and they are often used in cleaning products.
Some of the major players in the isoparffinic hydrocarbon solvents market are ExxonMobil Chemical, Shell, Idemitsu Kosan, Total, Chevron Phillips, INEOS, Braskem, Maruzen Petrochemical, Lanxess, ZMPC.
The isoparffinic hydrocarbon 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 Isoparffinic Hydrocarbon 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 Isoparffinic Hydrocarbon Solvents Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Isoparffinic Hydrocarbon 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 Isoparffinic Hydrocarbon 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 Isoparffinic Hydrocarbon Solvents Market Size & Forecast, 2020-2028
4.5.1 Isoparffinic Hydrocarbon Solvents Market Size and Y-o-Y Growth
4.5.2 Isoparffinic Hydrocarbon Solvents Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 C8
5.2.2 C12
5.2.3 C16
5.2.4 C20
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Lubricating Oil
6.2.2 Polymers
6.2.3 Cleaning
6.2.4 Paints & Coatings
6.2.5 Cosmetics
6.2.6 Agrochemicals
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Isoparffinic Hydrocarbon 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 Isoparffinic Hydrocarbon 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 C8
9.6.2 C12
9.6.3 C16
9.6.4 C20
9.6.5 Others
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 Market Size Forecast by Applications
9.10.1 Lubricating Oil
9.10.2 Polymers
9.10.3 Cleaning
9.10.4 Paints & Coatings
9.10.5 Cosmetics
9.10.6 Agrochemicals
9.10.7 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 C8
10.6.2 C12
10.6.3 C16
10.6.4 C20
10.6.5 Others
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 Market Size Forecast by Applications
10.10.1 Lubricating Oil
10.10.2 Polymers
10.10.3 Cleaning
10.10.4 Paints & Coatings
10.10.5 Cosmetics
10.10.6 Agrochemicals
10.10.7 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 C8
11.6.2 C12
11.6.3 C16
11.6.4 C20
11.6.5 Others
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 Market Size Forecast by Applications
11.10.1 Lubricating Oil
11.10.2 Polymers
11.10.3 Cleaning
11.10.4 Paints & Coatings
11.10.5 Cosmetics
11.10.6 Agrochemicals
11.10.7 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 C8
12.6.2 C12
12.6.3 C16
12.6.4 C20
12.6.5 Others
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 Market Size Forecast by Applications
12.10.1 Lubricating Oil
12.10.2 Polymers
12.10.3 Cleaning
12.10.4 Paints & Coatings
12.10.5 Cosmetics
12.10.6 Agrochemicals
12.10.7 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 C8
13.6.2 C12
13.6.3 C16
13.6.4 C20
13.6.5 Others
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) Market Size Forecast by Applications
13.10.1 Lubricating Oil
13.10.2 Polymers
13.10.3 Cleaning
13.10.4 Paints & Coatings
13.10.5 Cosmetics
13.10.6 Agrochemicals
13.10.7 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 Isoparffinic Hydrocarbon Solvents Market: Competitive Dashboard
14.2 Global Isoparffinic Hydrocarbon Solvents Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ExxonMobil Chemical
14.3.2 Shell
14.3.3 Idemitsu Kosan
14.3.4 Total
14.3.5 Chevron Phillips
14.3.6 INEOS
14.3.7 Braskem
14.3.8 Maruzen Petrochemical
14.3.9 Lanxess
14.3.10 ZMPC
