Market Overview:
The global heptane market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Heptane 95% is the most commonly used type of heptane and is projected to hold the largest share of the market by 2030. This can be attributed to its high purity and lack of odor, which makes it an ideal solvent for various applications such as pharmaceutical intermediates, electronics, industrial solvents, chemical synthesis, and others. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising demand from end-use industries such as pharmaceuticals and electronics in countries such as China and India.
Product Definition:
A colorless, flammable liquid hydrocarbon, C7H16, occurring in natural gas and petroleum. It is used as a solvent and in the manufacture of plastics.
Heptane 95%:
Heptane 95% is a clear, colorless liquid with an odor similar to gasoline. It is the by-product of crude oil refining and was first discovered in 1828. The heptane content in petroleum or crude oil can vary from 70% to 95%. Crude oil contains various other components such as paraffins, waxes, chains and saturates which are extracted during the purification process of heptane.
Heptane 97%:
Heptane is a petroleum-derived liquid, which is also known as n-heptane. It has been classified as an aromatic hydrocarbon and has a boiling point of 137 °C (280 °F). N-heptane is produced by the catalytic cracking of heptanes in the presence of hydrogen and catalyst.
Application Insights:
The global heptane market has been segmented on the basis of application into pharmaceutical intermediates, electronics, industrial solvents, chemical synthesis and others such as adhesives and sealants. The chemical synthesis segment held the largest share in 2017. This is attributed to increasing demand for heptane from various chemical compounds manufacturing processes such as alkylation and hydration.
Electronics was another major application sector that accounted for a significant share in 2017 due to rising demand from semiconductor processing plants across the globe coupled with growing use of electronic components during construction activities in developing countries like India and China. In addition to this growth factor, increasing use of polymers during manufacturing process also drives up product consumption significantly across electronics applications globally which will have a positive impact on industry growth over next few years.
Regional Analysis:
Asia Pacific dominated the global heptane market in 2017, accounting for a share of over 45.0% owing to the presence of key manufacturers such as Sinopec and Mocal Energy in China. The region is expected to witness significant growth over the forecast period on account of increasing demand from end-use industries such as pharmaceuticals, electronics and others.
The growing population coupled with rising disposable income has led to an increase in consumerism which has resulted into increased product consumption across various applications such as paints & coatings, adhesives & sealants, food processing machinery manufacturing among others. This trend is projected to have a positive impact on industry growth over the next eight years.
Increasing industrialization along with rapid urbanization.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and printing inks.
- Rising demand for heptane in solvents owing to its excellent properties such as volatility, miscibility, and low surface tension.
- Growing use of heptane as a fuel additive to improve the performance of gasoline engines is also expected to boost the market growth over the forecast period.
- Stringent environmental regulations regarding VOC emissions are likely to propel the adoption of heptane as a solvent substitute across various industries in Europe and North America region over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Heptane Market Research Report
By Type
Heptane 95%, Heptane 97%, Other
By Application
Pharmaceutical Intermediates, Electronics, Industrial Solvents, Chemical Synthesis, Others
By Companies
SK, Shell, Chuzhou Runda Solvents, Chevron Phillips Chemical, ExxonMobil, Phillips 66, Mitsubishi Shoji Chemical, Liyang Liancheng, Wuyang Chemical, ZT League, Hai Shunde, DHC Solvent Chemie GmbH
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Heptane Market Report Segments:
The global Heptane market is segmented on the basis of:
Types
Heptane 95%, Heptane 97%, Other
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
Pharmaceutical Intermediates, Electronics, Industrial Solvents, Chemical Synthesis, 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:
- SK
- Shell
- Chuzhou Runda Solvents
- Chevron Phillips Chemical
- ExxonMobil
- Phillips 66
- Mitsubishi Shoji Chemical
- Liyang Liancheng
- Wuyang Chemical
- ZT League
- Hai Shunde
- DHC Solvent Chemie GmbH
Highlights of The Heptane 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:
- Heptane 95%
- Heptane 97%
- Other
- By Application:
- Pharmaceutical Intermediates
- Electronics
- Industrial Solvents
- Chemical Synthesis
- 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 Heptane 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Heptane is a hydrocarbon compound with the molecular formula C7H16. It is a colorless, volatile liquid with a faint odor. Heptane is used as an intermediate in the production of other chemicals and as fuel for jet engines.
Some of the major companies in the heptane market are SK, Shell, Chuzhou Runda Solvents, Chevron Phillips Chemical, ExxonMobil, Phillips 66, Mitsubishi Shoji Chemical, Liyang Liancheng, Wuyang Chemical, ZT League, Hai Shunde, DHC Solvent Chemie GmbH.
The heptane market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heptane Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heptane Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heptane Market - Supply Chain
4.5. Global Heptane Market Forecast
4.5.1. Heptane Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heptane Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heptane Market Absolute $ Opportunity
5. Global Heptane Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heptane Market Size and Volume Forecast by Type
5.3.1. Heptane 95%
5.3.2. Heptane 97%
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heptane Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heptane Market Size and Volume Forecast by Application
6.3.1. Pharmaceutical Intermediates
6.3.2. Electronics
6.3.3. Industrial Solvents
6.3.4. Chemical Synthesis
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heptane Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heptane Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heptane Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heptane Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heptane Demand Share Forecast, 2019-2026
9. North America Heptane Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heptane Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heptane Market Size and Volume Forecast by Application
9.4.1. Pharmaceutical Intermediates
9.4.2. Electronics
9.4.3. Industrial Solvents
9.4.4. Chemical Synthesis
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heptane Market Size and Volume Forecast by Type
9.7.1. Heptane 95%
9.7.2. Heptane 97%
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heptane Demand Share Forecast, 2019-2026
10. Latin America Heptane Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heptane Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heptane Market Size and Volume Forecast by Application
10.4.1. Pharmaceutical Intermediates
10.4.2. Electronics
10.4.3. Industrial Solvents
10.4.4. Chemical Synthesis
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heptane Market Size and Volume Forecast by Type
10.7.1. Heptane 95%
10.7.2. Heptane 97%
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heptane Demand Share Forecast, 2019-2026
11. Europe Heptane Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heptane Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heptane Market Size and Volume Forecast by Application
11.4.1. Pharmaceutical Intermediates
11.4.2. Electronics
11.4.3. Industrial Solvents
11.4.4. Chemical Synthesis
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heptane Market Size and Volume Forecast by Type
11.7.1. Heptane 95%
11.7.2. Heptane 97%
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potetial Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heptane Demand Share, 2019-2026
12. Asia Pacific Heptane Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heptane Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heptane Market Size and Volume Forecast by Application
12.4.1. Pharmaceutical Intermediates
12.4.2. Electronics
12.4.3. Industrial Solvents
12.4.4. Chemical Synthesis
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heptane Market Size and Volume Forecast by Type
12.7.1. Heptane 95%
12.7.2. Heptane 97%
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heptane Demand Share, 2019-2026
13. Middle East & Africa Heptane Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heptane Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heptane Market Size and Volume Forecast by Application
13.4.1. Pharmaceutical Intermediates
13.4.2. Electronics
13.4.3. Industrial Solvents
13.4.4. Chemical Synthesis
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heptane Market Size and Volume Forecast by Type
13.7.1. Heptane 95%
13.7.2. Heptane 97%
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heptane Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heptane Market: Market Share Analysis
14.2. Heptane Distributors and Customers
14.3. Heptane Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SK
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Shell
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Chuzhou Runda Solvents
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chevron Phillips Chemical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ExxonMobil
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Phillips 66
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mitsubishi Shoji Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Liyang Liancheng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Wuyang Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. ZT League
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hai Shunde
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. DHC Solvent Chemie GmbH
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
