Europe Hydrocarbon Solvents Market: Industry Analysis and Forecast (2021-2027)

Europe Hydrocarbon Solvents Market size was valued at US$ 1.51 Bn. in 2020 and the total revenue is expected to grow at 5.2 % through 2021 to 2027, reaching nearly US$ 2.15 Bn.

The Europe Hydrocarbon Solvents market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Europe Hydrocarbon Solvents report also provides trends by market segments, technology, and investment with a competitive landscape.
Europe Hydrocarbon Solvents Market Overview:
Rising product consumption in rapidly growing industries like printing inks, metal cleaning, paints & coatings, and adhesives are driving the Europe hydrocarbon solvents market.



To know about the Research Methodology :- Request Free Sample Report
Europe Hydrocarbon Solvents Market Dynamics:
Increasing demand for bio-based and oxygenated solvents has gained huge importance during the forecast period. Growing usage of hydrocarbon solvents in the agrochemicals and pharmaceuticals industries are expected to drive the Europe hydrocarbon solvents market growth during the forecast period. Furthermore, the commercialization of products with negligible or minimal environmental impact is further boosts the market growth. Increasing demand from the construction and building industry in the region is a major factor driving the market demand in terms of volume. Thus, the growth of the European paints & coatings industry is expected to fuel the hydrocarbon solvents demand during the forecast period.

The aromatic product category has witnessed various applications in paints & coatings, printings, and other end-use industries. Oxygenated and bio-based solvents are gaining importance in the present industry scenario, a direct alternative to diluents. These are the factors contributing to the market growth. Also, the products like white spirits, hexane, and other aromatics are the most significant petrochemical derivatives and increasing the popularity of the product. Fluctuation in raw material prices is the major restriction for the new products in the market.
Europe Hydrocarbon Solvents Market Segment Analysis:
By Product, the Europe hydrocarbon solvents market is segmented into white spirits, hexane, and aromatic. The white spirits product segment is expected to register a significant CAGR of around 2.2% in terms of volume during the forecast period. These primarily consist of aliphatic compounds and in some amount contain the aromatic compounds which typically include toluene and xylene. These compounds find applications in industrial paints, adhesives, resins, and detergents.

The aromatic product segment accounted for the largest market share of around 35% in terms of volume in 2020 thanks to its wide usage for manufacturing several petrochemical-based formulations, as the product category possesses a very high degree of dissolution.



By Application, the market is agriculture, pharmaceutical, paints & coatings, and others. The paints & coatings application segment held the largest market share of more than 30% in terms of revenue in 2020. Paints make use of various organic thinners, like aliphatic, ketones alcohols, aromatics, and white spirits. Paints & coatings are the most dynamic industries across the globe because of technological advancements in manufacturing, evolving consumer preferences, and product formulations complying with many regulatory changes.
Europe Hydrocarbon Solvents Market Regional Insights:
Germany is dominating the Europe Hydrocarbon Solvents Market

Growing Foreign Direct Investment (FDI) in Germany and with business free from regulations of confining day-to-day business thanks to a slighter number of regulations has encouraged the business to grow and expand in by using different strategies. Germany contributes significantly 21% of Europe’s GDP, which makes it a key market. Furthermore, increasing demand for specialty products and emerging end-user industries like pharmaceuticals, automotive adhesive, and paint industry are other factors driving the Europe hydrocarbon solvents market demand.

France is expected to register a CAGR of XX% during the forecast period in the Europe hydrocarbon solvents market. The country is dominating in terms of consumer chemicals ranging from specialty to fine chemicals including detergents, cosmetics, and soaps. Therefore, the hydrocarbon solvent industry is growing at an optimal rate in the country. Several geographical advantages, like strategic location making it a brilliant trade destination with other European countries.

The objective of the report is to present a comprehensive analysis of the Europe Hydrocarbon Solvents market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Europe Hydrocarbon Solvents market dynamics, structure by analyzing the market segments and project the Europe Hydrocarbon Solvents market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Europe Hydrocarbon Solvents market make the report investor’s guide.
Europe Hydrocarbon Solvents Market Scope: Inquire before buying



Europe Hydrocarbon Solvents Market


Report Coverage
Details


Base Year:
2020
Forecast Period:
2021-2027


Historical Data:
2016 to 2020
Market Size in 2020:
US $ 1.51 Bn.


Forecast Period 2021 to 2027 CAGR:
5.2%
Market Size in 2027:
US $ 2.15 Bn.


 Segments Covered:
by Product
• White Spirits
• Hexane
• Aromatic


by Application
• Agriculture
• Pharmaceutical
• Paints & Coatings
• Others



Europe Hydrocarbon Solvents Market, by Country
• U.K
• France
• Germany
• Italy
• Spain
• Sweden
• CIS Countries
• Rest of Europe
Europe Hydrocarbon Solvents Market Key Players
• Dow Dupont
• Total SA
• Royal Dutch Shell
• Eastman Chemical Company
• Chevron Corporation
• Exxon Mobil Corporation
• Leading Solvents
• Huntsman International LLC
• Honeywell International, Inc.
• Banner Chemicals Limited
• Kandla Energy & Chemicals Ltd.
• Kemetyl Group
• LyondellBasell Industries Holdings B.V.
• Reliance Industries Limited
• Ashland
• Others