Hydrocarbon Solvents Market Strategies and Share 2031
Hydrocarbon solvents are solvents that are organic in nature along with hydrogen and carbon atoms. They are produced in the form of volatile fractions in crude oil refineries. The resultant hydrocarbon solvents consists of paraffinic, natphthenic and aromatic constituents in different proportions. The aliphatic hydrocarbon solvents are employed in the manufacturing of paints & rubber whereas the aromatic hydrocarbon solvents are used in the form of thinners for the purpose of manufacturing printing inks, paints & coatings and pharmaceuticals.
MARKET DYNAMICS
The rise in the adoption of hydrocarbon solvents by the paint manufacturers for offering innovative products drives the growth of the hydrocarbon solvents market. Besides this, rise in incorporation of hydrocarbon solvents in the pharmaceutical industry also drives the market growth. However, side effects caused by hydrocarbon solvents in human health such as dizziness and irritation to nose & eyes restrict the fruitful development of the hydrocarbon solvents market. An upsurge in the investments by the major players and technological advancements are expected to bolster well the growth of the hydrocarbon solvents market in the near future.
MARKET SCOPE
The "Global Hydrocarbon Solvents Market Analysis to 2031" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydrocarbon solvents market with detailed market segmentation by type, application and geography. The global hydrocarbon solvents market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydrocarbon solvents market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydrocarbon solvents market is segmented on the basis of type and application. On the basis of type, the hydrocarbon solvents market is segmented into aliphatic and aromatic. As per application the market is broken into paints & coatings, cleaning & degreasing, printing inks, rubbers & polymers, adhesives, pharmaceuticals and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydrocarbon solvents market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydrocarbon solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydrocarbon solvents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrocarbon solvents market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydrocarbon solvents market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydrocarbon solvents market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydrocarbon solvents market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydrocarbon solvents market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydrocarbon solvents market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydrocarbon solvents market are anticipated to lucrative growth opportunities in the future with the rising demand for hydrocarbon solvents market in the global market. Below mentioned is the list of few companies engaged in the hydrocarbon solvents market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydrocarbon solvents market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Junyuan Petrochem Group
- Sasol
- Exxon Mobil Corporation
- Royal Dutch Shell
- Total S.A
- Engen Petroleum Ltd.
- Chevron Corporation
- LyondellBasell Industries Holdings B.V.
- Honeywell International Inc.
- Bayer AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Hydrocarbon Solvents Market - By Type
1.3.2Hydrocarbon Solvents Market - By Application
1.3.3Hydrocarbon Solvents Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HYDROCARBON SOLVENTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.HYDROCARBON SOLVENTS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.HYDROCARBON SOLVENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.HYDROCARBON SOLVENTS - GLOBAL MARKET OVERVIEW
6.2.HYDROCARBON SOLVENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.HYDROCARBON SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 â" TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.ALIPHATIC
7.3.1.Overview
7.3.2.Aliphatic Market Forecast and Analysis
7.4.AROMATIC
7.4.1.Overview
7.4.2.Aromatic Market Forecast and Analysis
8.HYDROCARBON SOLVENTS MARKET - REVENUE AND FORECASTS TO 2028 â" APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS AND ANALYSIS
8.3.PAINTS AND COATINGS
8.3.1.Overview
8.3.2.Paints and Coatings Market Forecast and Analysis
8.4.CLEANING AND DEGREASING
8.4.1.Overview
8.4.2.Cleaning and Degreasing Market Forecast and Analysis
8.5.PRINTING INKS
8.5.1.Overview
8.5.2.Printing Inks Market Forecast and Analysis
8.6.RUBBERS AND POLYMERS
8.6.1.Overview
8.6.2.Rubbers and Polymers Market Forecast and Analysis
8.7.ADHESIVES
8.7.1.Overview
8.7.2.Adhesives Market Forecast and Analysis
8.8.PHARMACEUTICALS
8.8.1.Overview
8.8.2.Pharmaceuticals Market Forecast and Analysis
8.9.OTHERS
8.9.1.Overview
8.9.2.Others Market Forecast and Analysis
9.HYDROCARBON SOLVENTS MARKET REVENUE AND FORECASTS TO 2028 â" GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Hydrocarbon Solvents Market Overview
9.1.2North America Hydrocarbon Solvents Market Forecasts and Analysis
9.1.3North America Hydrocarbon Solvents Market Forecasts and Analysis - By Type
9.1.4North America Hydrocarbon Solvents Market Forecasts and Analysis - By Application
9.1.5North America Hydrocarbon Solvents Market Forecasts and Analysis - By Countries
9.1.5.1United States Hydrocarbon Solvents Market
9.1.5.1.1United States Hydrocarbon Solvents Market by Type
9.1.5.1.2United States Hydrocarbon Solvents Market by Application
9.1.5.2Canada Hydrocarbon Solvents Market
9.1.5.2.1Canada Hydrocarbon Solvents Market by Type
9.1.5.2.2Canada Hydrocarbon Solvents Market by Application
9.1.5.3Mexico Hydrocarbon Solvents Market
9.1.5.3.1Mexico Hydrocarbon Solvents Market by Type
9.1.5.3.2Mexico Hydrocarbon Solvents Market by Application
9.2.EUROPE
9.2.1Europe Hydrocarbon Solvents Market Overview
9.2.2Europe Hydrocarbon Solvents Market Forecasts and Analysis
9.2.3Europe Hydrocarbon Solvents Market Forecasts and Analysis - By Type
9.2.4Europe Hydrocarbon Solvents Market Forecasts and Analysis - By Application
9.2.5Europe Hydrocarbon Solvents Market Forecasts and Analysis - By Countries
9.2.5.1Germany Hydrocarbon Solvents Market
9.2.5.1.1Germany Hydrocarbon Solvents Market by Type
9.2.5.1.2Germany Hydrocarbon Solvents Market by Application
9.2.5.2France Hydrocarbon Solvents Market
9.2.5.2.1France Hydrocarbon Solvents Market by Type
9.2.5.2.2France Hydrocarbon Solvents Market by Application
9.2.5.3Italy Hydrocarbon Solvents Market
9.2.5.3.1Italy Hydrocarbon Solvents Market by Type
9.2.5.3.2Italy Hydrocarbon Solvents Market by Application
9.2.5.4United Kingdom Hydrocarbon Solvents Market
9.2.5.4.1United Kingdom Hydrocarbon Solvents Market by Type
9.2.5.4.2United Kingdom Hydrocarbon Solvents Market by Application
9.2.5.5Russia Hydrocarbon Solvents Market
9.2.5.5.1Russia Hydrocarbon Solvents Market by Type
9.2.5.5.2Russia Hydrocarbon Solvents Market by Application
9.2.5.6Rest of Europe Hydrocarbon Solvents Market
9.2.5.6.1Rest of Europe Hydrocarbon Solvents Market by Type
9.2.5.6.2Rest of Europe Hydrocarbon Solvents Market by Application
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Hydrocarbon Solvents Market Overview
9.3.2Asia-Pacific Hydrocarbon Solvents Market Forecasts and Analysis
9.3.3Asia-Pacific Hydrocarbon Solvents Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Hydrocarbon Solvents Market Forecasts and Analysis - By Application
9.3.5Asia-Pacific Hydrocarbon Solvents Market Forecasts and Analysis - By Countries
9.3.5.1Australia Hydrocarbon Solvents Market
9.3.5.1.1Australia Hydrocarbon Solvents Market by Type
9.3.5.1.2Australia Hydrocarbon Solvents Market by Application
9.3.5.2China Hydrocarbon Solvents Market
9.3.5.2.1China Hydrocarbon Solvents Market by Type
9.3.5.2.2China Hydrocarbon Solvents Market by Application
9.3.5.3India Hydrocarbon Solvents Market
9.3.5.3.1India Hydrocarbon Solvents Market by Type
9.3.5.3.2India Hydrocarbon Solvents Market by Application
9.3.5.4Japan Hydrocarbon Solvents Market
9.3.5.4.1Japan Hydrocarbon Solvents Market by Type
9.3.5.4.2Japan Hydrocarbon Solvents Market by Application
9.3.5.5South Korea Hydrocarbon Solvents Market
9.3.5.5.1South Korea Hydrocarbon Solvents Market by Type
9.3.5.5.2South Korea Hydrocarbon Solvents Market by Application
9.3.5.6Rest of Asia-Pacific Hydrocarbon Solvents Market
9.3.5.6.1Rest of Asia-Pacific Hydrocarbon Solvents Market by Type
9.3.5.6.2Rest of Asia-Pacific Hydrocarbon Solvents Market by Application
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Hydrocarbon Solvents Market Overview
9.4.2Middle East and Africa Hydrocarbon Solvents Market Forecasts and Analysis
9.4.3Middle East and Africa Hydrocarbon Solvents Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Hydrocarbon Solvents Market Forecasts and Analysis - By Application
9.4.5Middle East and Africa Hydrocarbon Solvents Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Hydrocarbon Solvents Market
9.4.5.1.1South Africa Hydrocarbon Solvents Market by Type
9.4.5.1.2South Africa Hydrocarbon Solvents Market by Application
9.4.5.2Saudi Arabia Hydrocarbon Solvents Market
9.4.5.2.1Saudi Arabia Hydrocarbon Solvents Market by Type
9.4.5.2.2Saudi Arabia Hydrocarbon Solvents Market by Application
9.4.5.3U.A.E Hydrocarbon Solvents Market
9.4.5.3.1U.A.E Hydrocarbon Solvents Market by Type
9.4.5.3.2U.A.E Hydrocarbon Solvents Market by Application
9.4.5.4Rest of Middle East and Africa Hydrocarbon Solvents Market
9.4.5.4.1Rest of Middle East and Africa Hydrocarbon Solvents Market by Type
9.4.5.4.2Rest of Middle East and Africa Hydrocarbon Solvents Market by Application
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Hydrocarbon Solvents Market Overview
9.5.2South and Central America Hydrocarbon Solvents Market Forecasts and Analysis
9.5.3South and Central America Hydrocarbon Solvents Market Forecasts and Analysis - By Type
9.5.4South and Central America Hydrocarbon Solvents Market Forecasts and Analysis - By Application
9.5.5South and Central America Hydrocarbon Solvents Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Hydrocarbon Solvents Market
9.5.5.1.1Brazil Hydrocarbon Solvents Market by Type
9.5.5.1.2Brazil Hydrocarbon Solvents Market by Application
9.5.5.2Argentina Hydrocarbon Solvents Market
9.5.5.2.1Argentina Hydrocarbon Solvents Market by Type
9.5.5.2.2Argentina Hydrocarbon Solvents Market by Application
9.5.5.3Rest of South and Central America Hydrocarbon Solvents Market
9.5.5.3.1Rest of South and Central America Hydrocarbon Solvents Market by Type
9.5.5.3.2Rest of South and Central America Hydrocarbon Solvents Market by Application
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.HYDROCARBON SOLVENTS MARKET, KEY COMPANY PROFILES
11.1.JUNYUAN PETROCHEM GROUP
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.SASOL
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.EXXON MOBIL CORPORATION
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.ROYAL DUTCH SHELL
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.TOTAL S.A
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.ENGEN PETROLEUM LTD.
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.CHEVRON CORPORATION
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.LYONDELLBASELL INDUSTRIES HOLDINGS B.V.
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.HONEYWELL INTERNATIONAL INC.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.BAYER AG
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Junyuan Petrochem Group
2. Sasol
3. Exxon Mobil Corporation
4. Royal Dutch Shell
5. Total S.A
6. Engen Petroleum Ltd.
7. Chevron Corporation
8. LyondellBasell Industries Holdings B.V.
9. Honeywell International Inc.
10. Bayer AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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