By 2033, it is anticipated that China would have sold US$ 2.1 billion worth of hydrocarbon solvents. This can be attributed to the existence of numerous end-use sectors, including paints and coatings, automotive, construction, printing, packaging, and other related ones.
The use of surface-cleaning products is increasing due to the rising incidence of infectious diseases. During the epidemic, disinfectant sales rose by 200%, and they are still expanding healthily. The use of hydrocarbon solvents is fueling China’s rapidly expanding cleaning product business. The market’s overall position has been stabilised thanks to extensive product variety, which has also improved manufacturers’ margin ratio.
Due to the COVID-19 pandemic, the market for hydrocarbon solvents experienced a decline in 2020. Governments in several nations issued lockdowns, which caused production to be halted and force majeure to be applied in a variety of industries. This actively sped up the hydrocarbon solvent procurement procedure.
The market for hydrocarbon solvents is anticipated to grow at a moderate rate over the short-term forecast period, however, due to the ease with which lockdowns and production sites can be reopened.
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What are the Key factors Driving Demand for Hydrocarbon Solvents?
For the past five years, the chemicals and petrochemicals sector has supported market expansion by acting as a wedge. Sales of hydrocarbon solvents have been significantly boosted over the past five years at a 3.2% annual growth rate thanks to the expansion of these industries.
Without the use of hydrocarbon solvents, the petrochemical and chemical industries would have to make a pit stop. This has enhanced the trade routes for hydrocarbon solvents as well as stabilised market growth.
Key Attributes of Market Report:
- The ongoing status of global Hydrocarbon Solvents market current market updates and regional levels
- Understanding of global marketplace development
- A study of this market-attracted place on product sales
- Competitive analysis is specified for eminent players
- Price structures, and value of production.
- Various stakeholders in this industry, including research and consulting firms, investors for new entrants, and financial analysts, product manufacturers, distributors, and suppliers are listed.
Top players Covered:
- Ashland
- Chevron Corporation
- DuPont
- Delta Corporation
- Eastman Chemical Company
- Exxon Mobil Corporation
- Royal Dutch Shell
- Others
Key Segments Covered in Hydrocarbon Solvents Industry Research
- By Solvent Type
- Aliphatic Hydrocarbon Solvents
- Vanish Markers & Painters Naphtha
- Mineral Spirits
- Hexane
- Heptane
- Others
- Aromatic Hydrocarbon Solvents
- By Application
- Hydrocarbon Solvents for Paints and Coatings
- Hydrocarbon Solvents for Cleaning and Degreasing
- Hydrocarbon Solvents for Printing Inks
- Hydrocarbon Solvents for Rubber and Polymers
- Hydrocarbon Solvents for Aerosols
- Hydrocarbon Solvents for Agriculture Chemicals
- Hydrocarbon Solvents for Pharmaceutical Industries
- Others (including Cosmetics and Adhesives)
Research Methodology:
Our market forecasting is based on a market model that derives assumptions about the market from market connectivity, dynamics, and known impacting factors. Factual information that was acquired through regression analysis, primary and secondary research, and broad interactions with company executives supports these hypotheses. Market forecasting, which is based on a comprehensive understanding of anticipated future market spending trends, provides quantitative insight to improve your decision-making. Data from the interview, combined with information from secondary research, are utilised to inform the design process.
Key Target Audience:
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policymakers
- Organizations, forums, and alliances related to Hydrocarbon Solvents forums and alliances related to Hydrocarbon Solvents
Important Questions Answered
- What market for Hydrocarbon Solvents’ growth potential?
- Which business now dominates the market for metals in acoustical fibre boards? Will the corporation maintain its position at the top from 2021 to 2026?
- What are the most effective tactics that players should use in the upcoming years?
- Which geographic market is expected to hold the largest share of the industry?
- How will the environment of competition develop in the future?
- How can players prepare for upcoming changes in the competitive environment?
- What will be the total production and consumption in the Hydrocarbon Solvents Market by 2026?
- Which are the key upcoming technologies? How will they impact the Hydrocarbon Solvents Market?
- Which product segment is expected to show
