C C Normal Paraffin Market to Touch a valuation of US$ 48,736.6 Mn by the End of 2026
Request Sample Report @ https://www.persistencemarketresearch.com/samples/22957
Growing demand for iso-C5/C6 compounds for gasoline blending is anticipated to drive the market over the course of the forecast period. The surging demand for several chemical intermediates that find applications in chemical, polymer, paints and coatings, and agrochemical industries, among others is expected to augur well for the growth in consumption of C5–C8 normal paraffin.
A report by Persistence Market Research (PMR) states that the global C5-C8 normal paraffin market will witness a CAGR of 3.2% from 2018 to 2026. The market is expected to touch a valuation of US$ 48,736.6 Mn by the end of 2026 from US$ 36,811.1 Mn recorded in 2017.
Stable Rise in Global Vehicle Parc to Trigger Demand for C5-C8 Normal Paraffin
Automotive sales has been gaining traction post the global slowdown. Based on statistics published by Organisation Internationale des Constructeurs d'Automobiles (OICA), automobile production has been growing at a rate of around 3% annually since 2012. Global automobile production stood at 95 million units in 2016, comprising both passenger and commercial vehicles, growing steadily to 97 million units in 2017. Among the vehicle fleet, gasoline vehicles account for a large share in the global market.
This can be attributed to the fact that gasoline with a high octane number provides better fuel efficiency and high reliability and has an anti-knocking property, which increases the performance of the vehicle with complete combustion of fuel. To comply with fuel specifications, especially the octane number range recommended by the governments of developed and developing countries, the demand for high octane gasoline fuel is expected to increase, which in turn will drive the demand for iso C5/C6 compounds. With a significant number of gasoline fueled vehicles plying the roads, the demand for high octane gasoline is expected to increase, which in turn is expected to drive the C5–C6 normal paraffin market over the forecast period.
Request to View TOC @ https://www.persistencemarketresearch.com/methodology/22957
Growing Preference for Eco-friendly Alternatives to Restrict Adoption
In the last couple of years, it has been observed that various end-use industries are focusing on the use of chemical compounds and solvents, which are relatively less toxic, to ensure human and environmental safety. This trend can be attributed to the stringent regulations imposed by the governments of developed regions such as North America and Europe against the manufacturing and use of solvents. Awareness regarding the use of harmful conventional solvents has witnessed a steady increase. The preference for cleaner and greener alternatives is expected to witness steady growth during the forecast period. This changing preference towards environment-friendly alternatives may hamper the growth of the C5-C8 normal paraffin market in the coming years.
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Persistence Market Research
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release C C Normal Paraffin Market to Touch a valuation of US$ 48,736.6 Mn by the End of 2026 here
News-ID: 1151690 • Views: 259
More Releases from Persistence Market Research
Global Floor Paints Market Growth Forecast and Analysis 2023-2025: CAGR: 5.2%
Global Industry Analysis Floor paints are coatings applied on floors to protect them from damage, enhance their appearance, and improve their durability. The global floor paints market has been witnessing significant growth over the past few years, driven by factors such as rising construction activities, increasing demand for durable and aesthetically appealing flooring solutions, and growing awareness about the benefits of floor coatings. This report provides an overview of the floor
Kelp Market Competitive Strategies & Forecast, 2025
Kelp is a type of seaweed or algae that grow in shallow, nutrient-rich saltwater, and near coastal fronts. Kelp is found mainly in kelp forests and can grow up to half a meter a day, ultimately reaching heights of 30 to 80 meters. Kelp forests are described as one of the most ecologically productive and biologically diverse habitats globally. Kelp is also known as super food for its high nutrient
Baby Crib Sheet Market Size, Status and Global Outlook
Baby Crib Sheet Market: Overview Baby crib sheet is a part of baby crib bedding which covers the mattress of the crib. The sheets are used in cribs for babies for high quality of sleep and safety. Rising concern over baby health & hygiene boosts the global baby care products. The baby crib sheets are primarily made of cottons, however the growing trend for organic products or materials creates opportunity for manufacturers
Global Graphene Oxide Market Analysis and Forecast (CAGR 20%) 2023-2025
Global Industry Analysis Graphene oxide is a promising material with a wide range of applications in various industries, such as electronics, energy, biomedical, and aerospace. It is a single-layered, two-dimensional material made up of carbon atoms arranged in a hexagonal lattice structure. Graphene oxide is an oxidized form of graphene that is highly soluble in water, making it easy to process into different forms. Market Size: The global graphene oxide market size was
More Releases for Normal
METALEX Vietnam 2022: Shape The Next Normal
Ho Chi Minh City, August 5th 2022 - METALEX Vietnam 2022 "Vietnam's International Exhibition on Machine Tools & Metalworking Solutions for Production Upgrade - 15th Edition" will be organized from October 06-08, 2022, at SECC Saigon, District 07, Ho Chi Minh City. The event continues to help local industries adapt to new production. RX Tradex Vietnam organizes the event in partnership with the Japan External Trade Organization (JETRO) in HCM
Foodservice Packaging Market See Huge Growth for New Normal
Processed and semi-processed food products are packaged in food service packaging. Hot and cold beverage cups, plates, trays, bowls, bags, containers and lids, cutlery and utensils, ice cream cups, soup cups, and beverage carriers are all examples of food service packaging products. The global food service market caters to the well-established and well-known food service business, which includes both offline and online food service stores that serve a large number
Normal Paraffin Market Size, Share, Development by 2024
Global Info Research offers a latest published report on Normal Paraffin Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. This report focuses on the key global Normal Paraffin players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the Normal Paraffin with respect to individual growth
Normal Portland Cements Market 2018: QY Research
QY Research always aims at offering their clients an in-depth analysis and the best research material of the various market. This new report on the global Normal Portland Cements market is committed fulfilling the requirements of the clients by giving them thorough insights into the market. An exclusive data offered in this report is collected by research and industry experts. Sample link: https://www.qyresearch.com/index/detail/831641/global-normal-portland-cements-industry-research-report-growth-trends-and-competitive-analysis Key Manufacturers: The global Normal Portland Cements market report
Normal Headphone Market definition, applications and manufacturing technology
The Normal Headphone research report is a professional and in-depth study on the current state of the Global and Chinese Normal Headphone Market with a focus on the Chinese industry. The report provides valuable statistics on the status of the manufacturers & key vendors and is useful source of guidance and direction for companies and individuals interested in the industry. The study firstly reviews the basic information of Global and
Normal Superphosphate Market - Global Industry Analysis, Size 2024
Normal Superphosphate Market: Overview Normal superphosphate is a fertilizer containing a mixture of the diacid calcium salt of orthophosphoric acid with calcium sulphate and small quantities of other phosphates. Normal superphosphate contains not more than 22 percent of available phosphorus pentoxide. Normal superphosphates are vital for the healthy growth of plants; they can be applied in high concentration to plants ranging from agricultural crops to houseplants. Several different variants of this