Press release
Hydrocarbon Solvents Market Growing Rapidly by 2031 - Total SE, ExxonMobil Corp., Celanese Corp., Huntsman Corp
Hydrocarbon Solvents Market || 2024-2031
The global Hydrocarbon Solvents Market analyzes key aspects such as market size, shares, recent trends, competitive landscape, and future outlook. The demand for hydrocarbon solvents in healthcare is on the rise, with pharmaceutical manufacturers in Europe experiencing significant growth. Competitive rivalry is intensifying, with major players like Total SE, ExxonMobil Corp., and others actively operating in the market.
Hydrocarbon solvents are liquids derived from petroleum processing streams, composed solely of hydrogen and carbon atoms, with boiling points ranging from approximately 35°C to 370°C and carbon chains between C5 and C20. These solvents often have complex and variable compositions, typically consisting of two main types of constituents: aromatics (primarily alkylated one- and two-ring compounds) and alkanes (including normal paraffins, isoparaffins, and cycloparaffins). Due to their compositional complexity, hydrocarbon solvents are now classified under a specific naming convention for standardized identification.
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Market Dynamics:
The growing adoption of hydrocarbon solvents by paint manufacturers for innovative product offerings is anticipated to drive the global market's growth. Additionally, the increase in construction and reconstruction activities worldwide, coupled with rising government investments in infrastructure development, is expected to fuel demand for paints and coatings, further supporting market expansion. The rising demand for VOC-free products is also projected to boost market growth during the forecast period. The global paints and coatings industry is expected to reach a market value of approximately USD 178.5 billion by 2025, up from USD 146 billion in 2020. Furthermore, rapid industrialization in both developing and developed nations, along with the versatile application of hydrocarbon solvents across various industry sectors, are key factors likely to contribute to the market's continued growth.
Market Segment Analysis
By Carbon Skeleton: Aliphatic Solvent, Aromatic Solvent, Paraffinic Solvent
By Application: Personal Care Products, Cleaning Products, Inks,
Pharmaceuticals, Decorative Coating, Others
By End-User: Paints & Coating, Healthcare, Automotive, Cosmetics, Others
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Major Key players
• Total SE
• ExxonMobil Corp.
• Celanese Corp.
• Huntsman Corp.
• Royal Dutch Shell
• INEOS AG
• Top Solvent Co. Ltd.
• SBC Industries
• Ashland
• KTC Chemical
*Note:
Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Regional Analysis
The global Hydrocarbon Solvents Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The global Hydrocarbon Solvents Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Silicone Pin Mat Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
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