Isoparaffin Solvents Market was valued at USD 4.01 Billion in 2022, and it is expected to reach USD 5.3 Billion by 2029, exhibiting a CAGR of 4.06 % during the forecast period (2023-2029). Isoparaffin solvent is branched-chain aliphatic hydrocarbons obtained by crude oil distillation. Isoparaffins are commonly used in alkylation, polymerization, and extraction processes. The benefit of better fuel characteristics of isoparaffin solvents over those of paraffin is a significant proposition accounting for their booming demand The report explores the Isoparaffin Solvents Market’s segments (Connectivity and Content, and by Applications). Data has been provided by market participants, and by Application (North America, Asia Pacific, Europe, Middle East & Africa, and South America). The MMR market report provides a thorough analysis of the rapid advances that are currently taking place across all healthcare systems sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2022 to 2029. The report investigates the Isoparaffin Solvents Market’s drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Isoparaffin Solvents Market’s contemporary competitive scenario. To know about the Research Methodology :- Request Free Sample Report In the report, 2022 is considered as a base year to forecast the market from 2023 to 2029. 2022’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2029.
Isoparaffin Solvents Market DynamicsDuring the forecast period, the rising demand for better synthetic solvents is a critical factor driving the isoparaffin solvents market. The global market is garnering constant substantial gains from rapid-fire strides in oil painting product and exploration industries in varied parts of the world. The growing demand for isoparaffin solvents in various industrial sectors in developing and developed regions is also bolstering the growth of the isoparaffin detergents request. In the artificial sector, wide demand for these solvents is contributed by manufactured cleaning and metalworking applications. Rising use of isoparaffinic petroleum hydrocarbons for inks for food contact materials is also propelling the uptake of isoparaffin solvents in the food industry. The global isoparaffin solvents market is expected to gain substantial profit from their rising demand for polymerization. Rapid strides made by the petro- chemicals and automotive industries will fuel the speedy expansion of the market. still, over the past few years, the consumption of isoparaffin solvents has dampened to an extent, owing to their advanced cost than that of paraffin components. In recent years, vendors are increasingly looking to offer high- value solvents and meet the current customization product portfolio needs. This is likely to produce new avenues in the market.
Isoparaffin Solvents Market Segment Analysis:By Application, the industrial segment is expected to grow at the highest CAGR of XX % during the forecast period. This growth is attributed to the growth of industrialization across developed and developing economies. Additionally, the adhesives and sealants industry has been witnessing healthy growth over the past few decades and is projected to continue doing so during 2022-2029. The COVID-19 pandemic has resulted in increased sales of pharma and personal care product like skincare products. In April 2020, as per the L'Oreal quarterly report published, brands such as Lancôme, Kiehl’s and Helena Rubinstein, which have a large proportion of skincare products. Thus, the skincare section with commodity brands and brands focusing on personal hygiene and cleansing is expected to fuel demand for isoparaffin solvents in pharma and personal care sector. Based on Product Type, the C9-C11 segment dominated the isoparaffin solvents market during the forecast period, accounting for a share of XX.19%. The C9-C11 remains the top-selling product in isoparaffin solvents space. The C12 is expected to be the second best selling product type, however, C4-C8 continues to register moderate demand in future, as indicated by the MMR report for market. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the market size.
Regional Insights:Geographically, North America accounted for the largest market share in 2022, was valued at US$ XX Mn, thanks to rapid suburbanization and the extensive presence of the automobile industry. The growing awareness of maintaining personal care in economies such as the U.S. and Canada is helping the further growth of the isoparaffin solvents market in North American. However, Europe occupied the second largest market share of XX % in 2022. With an extensive presence of the agrochemical industry in EU regions, the demands for isoparaffin solvents are witnessing an increase in the region. The research study includes the profiles of leading companies operating in the global market. Such as Total S.A company provides the ISEAN range of isoparaffin solvents, mainly for resins paints, and metalworking applications. Idemitsu Kosan Co., Ltd, one of the leading participants in the market, provides IP 1620, which finds uses, mainly in coatings and paint. The objective of the report is to present a comprehensive analysis of the Global arket including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
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Global Isoparaffin Solvents Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US$ 4.01 Bn. Forecast Period 2023 to 2029 CAGR: 4.06 % Market Size in 2029: US$ 5.3 Bn. Segments Covered: by Product C4-C8 C9-C11 C12 C13-C14 C15 < by Application Paints & Coating Industrial Metal Working Fluids Industrial Cleaning Adhesives & Sealant Polymerization Agrochemical Pharma and Personal Care Product Others
Isoparaffin Solvents Market, by RegionAsia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
Isoparaffin Solvents Market Key Players1. ExxonMobil Chemical 2. Emerson 3. Synchrony 4. Braskem 5. Chevron Phillips Chemical Company 6. Total S.A 7. Idemitsu 8. Bosch Rexroth 9. Shell Chemicals 10. Maruzen Petrochemical CO., LTD 11. Fuji Electric 12. INEOS 13. RB Products, Braskem 14. Meidensha 15. Jing-Jin Electric 16. Mehta Petro Refineries Limited 17. Idemitsu Kosan Co. Ltd 18. Royal Dutch Shell Chemicals 19. Nidec 20. Luan Group 21. Neste Oyj Frequently Asked Questions: 1] What segments are covered in the Global Isoparaffin Solvents Market report? Ans. The segments covered in the market report are based on Product and by Application. 2] Which by Application is expected to hold the highest share in the Global Isoparaffin Solvents Market? Ans. The Asia Pacific by Application is expected to hold the highest share in the market. 3] What is the market size of the Global Isoparaffin Solvents Market by 2029? Ans. The market size of the market by 2029 is expected to reach USD 5.3 Bn. 4] What is the forecast period for the Global Isoparaffin Solvents Market? Ans. The forecast period for the market is 2023-2029. 5] What was the market size of the Global Isoparaffin Solvents Market in 2022? Ans. The market size of the market in 2022 was valued at USD 4.01 Bn.
1. Global Isoparaffin Solvents Market: Research Methodology 2. Global Isoparaffin Solvents Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Isoparaffin Solvents Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Isoparaffin Solvents Market: Competitive Analysis 3.1 MMR Competition Matrixs 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Isoparaffin Solvents Market Segmentation 4.1 Global Isoparaffin Solvents Market, By Product (2022-2029) • C4-C8 • C9-C11 • C12 • C13-C14 • C15 < 4.2 Global Isoparaffin Solvents Market, By Application (2022-2029) • Paints & Coating • Industrial o Metal Working Fluids o Industrial Cleaning • Adhesives & Sealant • Polymerization • Agrochemical • Pharma and Personal Care Product • Others 5. North America Isoparaffin Solvents Market (2022-2029) 5.1 North America Isoparaffin Solvents Market, By Product (2022-2029) • C4-C8 • C9-C11 • C12 • C13-C14 • C15 < 5.2 North America Isoparaffin Solvents Market, By Application (2022-2029) • Paints & Coating • Industrial o Metal Working Fluids o Industrial Cleaning • Adhesives & Sealant • Polymerization • Agrochemical • Pharma and Personal Care Product • Others 5.3 North America Isoparaffin Solvents Market, by Country (2022-2029) • United States • Canada • Mexico 6. Asia Pacific Isoparaffin Solvents Market (2022-2029) 6.1. Asia Pacific Isoparaffin Solvents Market, By Product (2022-2029) 6.2. Asia Pacific Isoparaffin Solvents Market, By Application (2022-2029) 6.3. Asia Pacific Isoparaffin Solvents Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Isoparaffin Solvents Market (2022-2029) 7.1 Middle East and Africa Isoparaffin Solvents Market, By Product (2022-2029) 7.2. Middle East and Africa Isoparaffin Solvents Market, By Application (2022-2029) 7.3. Middle East and Africa Isoparaffin Solvents Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Isoparaffin Solvents Market (2022-2029) 8.1. Latin America Isoparaffin Solvents Market, By Product (2022-2029) 8.2. Latin America Isoparaffin Solvents Market, By Application (2022-2029) 8.3. Latin America Isoparaffin Solvents Market, by Country (2022-2029) • Brazil • Argentina • Rest of Latin America 9. European Isoparaffin Solvents Market (2022-2029) 9.1. European Isoparaffin Solvents Market, By Product (2022-2029) 9.2. European Isoparaffin Solvents Market, By Application (2022-2029) 9.3. European Isoparaffin Solvents Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1 ExxonMobil Chemical 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 ExxonMobil Chemical 10.3 Emerson 10.4 Synchrony 10.5 Braskem 10.6 Chevron Phillips Chemical Company 10.7 Total S.A 10.8 Idemitsu 10.9 Bosch Rexroth 10.10 Shell Chemicals 10.11 Maruzen Petrochemical CO., LTD 10.12 Fuji Electric 10.13 INEOS 10.14 RB Products, Braskem 10.15 Meidensha 10.16 Jing-Jin Electric 10.17 Mehta Petro Refineries Limited 10.18 Idemitsu Kosan Co. Ltd 10.19 Royal Dutch Shell Chemicals 10.20 Nidec 10.21 Luan Group 10.22 Neste Oyj