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Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) Market Latest Trends, Technological Advancement, Driving Factors and Forecast to 2029 ||QYResearch
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Market Analysis and Insights: Global Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) Market
Due to the COVID-19 pandemic, the global Solvent Naphtha (Petroleum) Heavy Arom market size is estimated to be worth US$ 4674.4 million in 2022 and is forecast to a readjusted size of US$ 5078.6 million by 2028 with a CAGR of 1.39% during the review period. Fully considering the economic change by this health crisis, C9-C10 Solvent accounting for 41.86% of the Solvent Naphtha (Petroleum) Heavy Arom global market in 2021, is projected to value US$ 2149.1 million by 2028, growing at a revised 1.47% CAGR in the post-COVID-19 period. While Paints & Coatings segment is altered to an 1.46% CAGR throughout this forecast period.
North America Solvent Naphtha (Petroleum) Heavy Arom market is estimated at US$ 1134.0 million in 2021, while Europe is forecast to reach US$ 1208.9 million by 2028. The proportion of the North America is 26.50% in 2021, while Europe percentage is 24.63%, and it is predicted that Europe share will reach 23.80% in 2028, trailing a CAGR of 0.67% through the analysis period. As for the Asia, the notable markets are China and Japan, CAGR is 1.84% and 0.12% respectively for the next 6-year period.
The global major manufacturers of Solvent Naphtha (Petroleum) Heavy Arom include Shell, ExxonMobil, TotalEnergies, SK Geo Centric, Hanwha Total, Flint Hills Resources, Haltermann Carless, and Braskem, etc. In terms of revenue, the global 3 largest players have a 35.55% market share of Solvent Naphtha (Petroleum) Heavy Arom in 2021.
Global Solvent Naphtha (Petroleum) Heavy Arom Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
Global Solvent Naphtha (Petroleum) Heavy Arom Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
Shell
ExxonMobil
TotalEnergies
SK Geo Centric
Hanwha Total
Flint Hills Resources
Haltermann Carless
Braskem
DHC Solvent Chemie GmbH
Ganga Rasayanie Pvt Ltd
Sinopec
CNPC
Jiangsu Hualun
Suzhou Jiutai Group
Segment by Type
C9-C10 Solvent
C11-C12 Solvent
Other
Segment by Application
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Industrial Cleaning
Other
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
India
Australia
Southeast Asia
Europe
Germany
France
UK
Italy
Russia
South America
Brazil
Argentina
Middle East and Africa
Middle East
Africa
Key questions answered in the report:
What is the growth potential of the Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) market?
Which product segment will grab a lion's share?
Which regional market will emerge as a frontrunner in coming years?
Which application segment will grow at a robust rate?
What are the growth opportunities that may emerge in Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) industry in the years to come?
What are the key challenges that the global Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) market may face in future?
Which are the leading companies in the global Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) market?
Which are the key trends positively impacting the market growth?
Which are the growth strategies considered by the players to sustain hold in the global Solvent Naphtha (Petroleum) Heavy Arom (CAS 64742-94-5) market?
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