Press release
Special Boiling Point Solvents Market 2021 Precise Outlook- Bajrang Petrochemicals, Banner Chemical Group, BASF SE, Bharat Petroleum Corporation Limited
The special boiling point solvents market is expected to witness moderate growth, at an estimated CAGR of 3%, over the forecast period The Global Special Boiling Point Solvents Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.Click the link to get a Sample Copy of the Report:
https://www.marketinsightsreports.com/reports/01091744411/special-boiling-point-solvents-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=74
Key Market Players:
Bajrang Petrochemicals, Banner Chemical Group, BASF SE, Bharat Petroleum Corporation Limited, Calumet Specialty Products Partners LP, CEPSA, DHC Solvent Chemie GmbH, HCS Group GmbH., Exxonmobil Chemical, Ganga Rasayanie (P) Ltd, Royal Dutch Shell PLC, Total SA and Other
Key Market Trends
Rising Demand for Paints and Coatings
- Special boiling point solvents are used in paints & coatings formulations to dissolve other compounds, such as pigments, binders, additives, etc.,
- After the paint is applied on any surface, these solvents evaporate, and hence, allows the resin & pigment to produce a film of paint on the surface and to dry very quickly. These solvents are essential in coating formulations, as they control viscosity of paints, and have a strong effect on film quality, which is majorly dependent on the solvents rate of evaporation during drying period.
- Solvent-borne paints, also called as oil-based paints, can have various combinations of solvents, as a diluent, including aliphatic, aromatics, alcohols, ketones, and white spirit. These include organic solvents, such as petroleum distillate, esters, and glycol ether.
- Solvent-borne paints are manufactured by using liquefying agents that evaporate during a chemical reaction with oxygen. The air surrounding a solvent-borne coating helps to speed up the reaction, thereby reducing the drying time.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region dominated the global market share. Special boiling point solvents are used to provide long-lasting protection and brilliant performance in extreme weather conditions to paints and coatings.
- Currently, China produces more than half of the Asia-Pacific coatings and is home to more than 10,000 paint companies, among which, local producers occupy more than half of the domestic paint market share.
- The coatings market is growing at a high rate in China, with increasing downstream demand. The booming construction and automotive industries are likely to propel the market for paints and coatings, which, in turn, is expected to drive the special boiling point solvents, during the forecast period.
- Due to insufficient environmental protection measurements, many medium and small-sized coatings manufacturers are shutting down their facilities in China, which is likely to hinder the market growth.
- However, the increased investment in the coating industry from giant companies is likely to stimulate the market in China.
Explore Full Report With Detailed TOC Here:
https://www.marketinsightsreports.com/reports/01091744411/special-boiling-point-solvents-market-growth-trends-and-forecast-2020-2025?Mode=74
What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Special Boiling Point Solvents market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Special Boiling Point Solvents market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Special Boiling Point Solvents market.
Market Segments: This part of the report discusses product type and application segments of the global Special Boiling Point Solvents market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses the research methodology and approaches Special Boiling Point Solvents used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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