Isoparaffin Solvents Market is anticipated to grow at a CAGR of 3.7% From 2023 to 2033

Presumably crossing the valuation of US$ 160 million in 2023, the global revenue of Isoparaffin Solvents Market landscape is pegged to expand at a 3.7% year on year over 2023. According to the projection presented by a new intelligence study,

Persistence Market Research expects the global consumption volume of isoparaffin solvents to cross 120,000 tons towards the end of 2029. With over 35% market value share, C9-C11 remains the top selling product in isoparaffin solvents space. C12 is projected to be the second best selling product type, whereas C4-C8 continues to register moderate demand in coming years, as indicated by the report. Decently paced oil industry recovery resulting in the elevating oil production levels, and the subsequently rising oil refining capacity, are likely to sustain the demand for the consistent isoparaffin solvents supply in coming years.

Besides industrial sector, personal care products and paints industry also raise decent demand for isoparaffin solvents at a global level.

The PMR report forecasts maximum Isoparaffin solvents Market consumption by the industrial sector for applications in industrial cleaning and metalworking, followed by other industries such as polymer, agrochemicals, and sealants and adhesives manufacturing.

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Elaborating on the same further, a senior market research analyst at the company says, "The industrial end use sector represents more than 1/5th share of the total market revenue, and the market is projected for a 4+% year on year revenue growth in 2019, in the industrial domain". The analyst further adds, "Though industrial consumption of isoparaffin solvents indicate the highest incremental opportunity, the consumption volume registered by the polymerization industry is also significantly high. Polymerization holds more than 15% share in the isoparaffin solvents market value at present, followed by adhesives & sealants, and agrochemicals".

China Continues to a top Regional Competition, SEA Countries Emerge Lucrative for Isoparaffin Solvents Suppliers

• China remains the largest consumer market in isoparaffin solvents landscape, with a current share of more than 1/4th of the revenue.
• Riding on the huge incremental opportunity forecast for Chinese market, the report foresees the report foresees the highest year on year revenue growth for the country in 2019, taking the regional market valuation beyond US$ 40 million.
• Along with the neighbouring South East Asian countries, Chinese market for isoparaffin solvents is reaping major benefits from the thriving petro-chemicals and automotive industries.
• In addition, shifting of major manufacturing bases to developing Asian countries is likely to shape the consumption patterns of isoparaffin solvents in these markets.
• Europe is also an important market for isoparaffin solvents, followed by North America, says the report.

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Isoparaffin Solvents Major Manufacturers are:

• Exxon Mobil Corporation
• Idemitsu Kosan Co Ltd
• RB Products, Inc.
• Chevron Phillips Chemical Company
• Maruzen Petrochemical Co. Ltd.
• and a few others.

Moreover, Isoparaffin Solvents are also applied in various application areas, such as water treatment, chemical synthesis, electronics appliances, wax cleaners, printing inks, etc. These solvents have better solvency, high flash point and boiling point and high flammability. They are costlier than paraffin components and this may prove to be a challenge to their adoption among consumers.

Table of Content of this Report:

• Isoparaffin Solvents Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
• Isoparaffin Solvents Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
• Global Isoparaffin Solvents Market Analysis and Forecast By Product Type
• Global Isoparaffin Solvents Market Analysis and Forecast By Application Type
• Global Isoparaffin Solvents Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
• Global Isoparaffin Solvents Market Company Share, Competition Landscape and Company Profiles
• Research Methodology
• Secondary and Primary Sources
• Assumptions and Acronyms

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Generally, isoparaffin solvents are utilized in industrial applications for cleaning, metalworking and degreasing. Rapidly increasing industrialization in emerging markets of China, India and ASEAN countries across the SEAP region will create high demand for isoparaffin solvents over the forecast period. Moreover, high growth in end-use industries, such as automotive, adhesive & sealant, agrochemical, polymer and other industries, will also push the growth of the global market.

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