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Global N-Heptane Market to Witness a Pronounce Growth During 2024– Top Key players like SK,Shell,Chuzhou Runda Solvents,Inc.
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N-Heptane (C7H16) is a colorless liquid that is insoluble in water. It is obtained by fractional distillation of petroleum. Heptane is not only flammable, but also moderately toxic if inhaled. It is used as a solvent, as an anaesthetic and in organic synthesis.
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Currently, there are several producing companies in the world heptane industry. The main players are SK, Shell, Chevron Phillips Chemical, ExxonMobil, Phillips 66and Mitsubishi Shoji Chemical. The global sales of heptane will increase to 53794 MT in 2018 from 42157 MT in 2013 with average growth rate of 5.00%.
In consumption market, Asia Pacific and North America are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 77.49% of the global consumption volume in total.
Heptane has several grades, which include heptane 95%, heptane 97%, heptane 99%, etc. And each type has different application people and places relatively. With entertainment and fitness effect of heptane, the downstream application industries will need more heptane products. So, heptane has a huge market potential in the future.
According to this study, over the next five years the N-Heptane market will register a 3.0% CAGR in terms of revenue, the global market size will reach US$ 65800 million by 2024, from US$ 56700 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in N-Heptane business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
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
Market Segment by Type, covers
Heptane 95%
Heptane 97%
Other
Market Segment by Applications, can be divided into
Pharmaceutical Intermediates
Electronics
Industrial Solvents
Chemical Synthesis
Others
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Related Information:
North America N-Heptane Market Growth 2019-2024
United States N-Heptane Market Growth 2019-2024
Asia-Pacific N-Heptane Market Growth 2019-2024
Europe N-Heptane Market Growth 2019-2024
EMEA N-Heptane Market Growth 2019-2024
Global N-Heptane Market Growth 2019-2024
China N-Heptane Market Growth 2019-2024
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