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Global Solvent Naphtha Market Growing with a CAGR of 5.3% during 2019-2025 | Expected to Secure 10900 million US$ by the end of 2025 - Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet and More

02-13-2019 08:37 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: InForGrowth

Solvent naphtha, which is composed of a mixture of hydrocarbons, are used in a variety of application areas and are incorporated in a great number of formulated chemical products, including architectural paints and protective coatings; printing inks and printing press cleaners; other cleaning compounds; pesticides; degreasing formulations; and household products.

USA is the leading supplier of solvent naphtha, the production of which reached 1817 K MT in 2017, accounting for about 24.71% of the total global market. The global Solvent Naphtha market is valued at 7200 million US$ in 2018 is expected to reach 10900 million US$ by the end of 2025, growing at a CAGR of 5.3% during 2019-2025.

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The top players cover Shell, ExxonMobil, Total, Chevron Phillips and SK etc., which are playing important roles in global Solvent Naphtha market. The Top 3 players in the global market were 30.53% in 2017, while the share of the top 5 players was 38.24%. The market is fragmented, also each company owns a broad product portfolio.

Paints & Coatings accounted for the largest market with about 27.51% of the global consumption for solvent naphtha in 2017. Moreover, it is anticipated to grow at a CAGR of 3.69% during the forecast period. With over 16.56% share of in the solvent naphtha market, Rubber & Resin was the second largest application market in 2017 and is anticipated to grow at a CAGR of 4.14%, in terms of consumption, during the forecast period.

Key Players covered in this report are Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet, Idemitsu, BP, Dow, Citgo, Reliance, KAPCO, Mitsubishi, CEPSA, Ganga Rasayanie, JX Nippon Oil & Energy, Neste, CPC Corporation, Gulf Chemicals and Industrial Oils, Sinopec, CNPC, Jiangsu Hualun, Changshu Alliance Chemical, Suzhou Jiutai Group.

The report analysed by applications like Paints & Coatings, Agro Chemicals, Rubber & Resin, Printing Inks, Industrial Cleaning, Other. Then report is analysed on the basis of product type like Paraffin Solvent, CycloParaffin Solvent, C9 Solvent, C10 Solvent, Other.

The Global Solvent Naphtha market analyzes and researches the Solvent Naphtha development status and forecast in Europe, China, Japan, North America.

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Major Points Covered in Table of Contents:

1 Solvent Naphtha Market Overview

2 Global Solvent Naphtha Market Competition by Manufacturers

3 Global Solvent Naphtha Production Market Share by Regions

4 Global Solvent Naphtha Consumption by Regions

5 Global Solvent Naphtha Production, Revenue, Price Trend by Type

6 Global Solvent Naphtha Market Analysis by Applications

7 Company Profiles and Key Figures in Solvent Naphtha Business

8 Solvent Naphtha Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Global Solvent Naphtha Market Forecast

12 Research Findings and Conclusion

13 Methodology and Data Source

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About InForGrowth:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.

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