Hydrocarbon Solvents Market
Hydrocarbon Solvents Market Analysis by Aliphatic and Aromatic Hydrocarbon Solvents for Paints & Coatings, Cleaning & Degreasing, Printing Inks, and Rubber & Polymers from 2023 to 2033
Analysis of Hydrocarbon Solvents Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Hydrocarbon Solvents Market Outlook (2023 to 2033)
The global hydrocarbon solvents market is valued at US$ 6.60 billion in 2023 and is predicted to expand at a CAGR of 4.1% to reach US$ 9.87 billion by the end of 2033.
Hydrocarbon solvents are petroleum derivatives that are utilized in a wide range of commercial and consumer goods for cleaning or dissolving substances. Organic solvents of the sort known as hydrocarbons are made up solely of the atoms of hydrogen and carbon.
Hydrocarbon solvents are primarily produced by crude oil refineries, and they are obtained in the form of volatile fractions that comprise naphthenic, paraffinic, and aromatic elements in varying proportions.
Production of paints, varnishes, and printing inksa accounts for around 50% of all solvent use. In the process of creating paints and coatings, binders, additives, pigments, and extenders are some of the various components that hydrocarbon solvents dissolve or scatter. The need for hydrocarbon solvents in the paints and coatings industry is growing as they aid in accelerating the curing and drying processes and owes diluent properties.
- According to Fact.MR, a market research and competitive intelligence provider, printing ink is expected to account for 33% share of the global hydrocarbon solvents market by 2033.
Packaging facilities involve extensive use of printing inks, particularly for labelling and printing on cardboard cartons. Demand for printing inks is anticipated to rise at a CAGR of 4.6% as a result of growing trading and manufacturing activities. China and India are some of the major import-export countries in the Asia Pacific region with the fastest-growing trade.
When used in skincare products, hydrocarbon solvents have several beneficial qualities, including the ability to rebuild structural integrity. This further is driving the demand for hydrocarbon solvents worldwide. Additionally, it is anticipated that the increasing use of hydrocarbon solvents in the pharmaceutical and agrochemical industries is likely to boost the growth of the market for hydrocarbon solvents throughout the projection period.
| Report Attribute | Detail |
|---|---|
| Hydrocarbon Solvents Market Size (2023E) | US$ 6.60 Billion |
| Forecasted Market Value (2033F) | US$ 9.87 Billion |
| Global Market Growth Rate (2023 to 2033) | 4.1% CAGR |
| United States Market Growth Rate (2023 to 2033) | 4.2% CAGR |
| United Kingdom Market Growth Rate (2023 to 2033) | 3.1% CAGR |
| Japan Market Growth Rate (2023 to 2033) | 2.8% CAGR |
| China Market Growth Rate (2023 to 2033) | 4.8% CAGR |
| Key Companies Profiled | Ashland; Chevron Corporation; DuPont; Delta Corporation; Eastman Chemical Company; Exxon Mobil Corporation; Royal Dutch Shell |
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Which Aspects are Propelling Worldwide Hydrocarbon Solvent Demand?
“Long-term Market Outlook for Hydrocarbon Solvents in Paints & Coatings Industry”
Hydrocarbon solvents are widely used in the paints and coatings industry. Paints are used in several sectors such as construction, buildings, and automotive. Thus the growing demand for construction and automotive paints & coatings is expected to boost the sales of hydrocarbon solvents in the coming 10 years. The high use of aliphatic hydrocarbon solvents as thinners and diluents for paints and coatings is contributing to the growth of the hydrocarbon solvents market.
“Essential Role of High-purity Solvents in Modern Agriculture”
Solvents with high purity and specific requirements are essential for the agrochemical sector. Modern agriculture depends on cutting-edge methods and agrochemicals to improve crop yields. In agricultural applications, aromatic solvents uphold the most stringent requirements and ensure quality, enabling high crop yields while also providing a high level of environmental protection. Thus, increasing the use of agricultural pesticides is boosting demand for hydrocarbon solvents.
Which Major Roadblocks are Suppliers of Hydrocarbon Solvents Expected to Encounter?
“Strict Environmental Regulations across Regions”
The use of hydrocarbon solvents can result in harmful emissions and contribute to air pollution. Respective governments around the world have implemented strict environmental regulations to reduce such emissions. This may lower the demand for hydrocarbon solvents.
“Growing Demand for Bio-based & Water-based Solvents”
The increasing awareness about the harmful effects of hydrocarbon solvents is uplifting the demand for alternative solvents, such as bio-based solvents and water-based solvents. These alternatives are often more eco-friendly and safer to use, making them a preferred choice for many applications.
“Adverse Effects on Health”
Prolonged exposure to hydrocarbon solvents can have adverse effects on human health, such as respiratory problems, skin irritation, and in some cases, even cancer. This has led to increased awareness among consumers and regulatory bodies, resulting in lower demand for hydrocarbon solvents.
“Volatility of Crude Oil Prices”
Hydrocarbon solvents are derived from crude oil, thus their prices are directly linked to the price of crude oil. Fluctuations in crude oil prices can significantly influence the cost of hydrocarbon solvents, making it difficult for manufacturers to maintain consistent pricing.
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What Will Aid New Market Entrants in Progressing in This Competitive Atmosphere?
“Innovate to Elevate: New Companies Must Embrace Technologies for Efficient Production”
Newcomers should develop new technologies and innovations to create more efficient production processes and develop new products that meet changing customer demands. For example, they can use advanced analytics to optimize production processes, reduce costs, and improve quality.
As the world becomes more environmentally conscious, there is a growing demand for sustainable products. Newcomers can differentiate themselves by emphasizing the sustainability of their products and the production processes, using renewable feedstocks, and implementing green manufacturing practices.
New companies can also collaborate with established players in the industry to gain access to distribution channels, expertise, and resources. They can form strategic partnerships or joint ventures with established players to develop their knowledge, experience, and customer base.
Country-wise Analysis
How are Sales of Hydrocarbon Solvents Evolving in the United States?
“Riding the Shale Gas Boom - Hydrocarbon Solvent Demand Surging in United States”
By 2033, the consumption of hydrocarbon solvents in the United States is anticipated to reach US$ 3.27 billion. A US$ 1 billion absolute dollar growth is anticipated to be observed during the forecast period. The increasing hydrocarbon solvent consumption in the United States is a result of growing oil and gas exploration activities, primarily as a result of the shale gas boom.
- According to the United States Energy Information Administration, by 2024, total natural gas production in the country is expected to have surpassed 35 trillion cubic feet, up from 20 trillion cubic feet in 2010.
In response to this development in natural gas production, the demand for hydrocarbon solvents in the chemical division of the oil fields is likely to experience growth during the forecast period.
Which Aspects are Benefitting Producers of Hydrocarbon Solvents in the United Kingdom?
“Growing Paints & Coatings Facilities Driving Hydrocarbon Solvent Sales in the United Kingdom”
Sales of hydrocarbon solvents are expected to progress at a CAGR of 3.1% during the forecast period in the United Kingdom. The rapidly growing paint and coating facilities are boosting the consumption of hydrocarbon solvents in the country.
Hydrocarbon solvents are also used by manufacturers of construction adhesives, paints, and coatings as cleaning and degreasing agents. According to several studies, in the United Kingdom annually, between 27,000 and 50,000 new homes are built. This is expected to increase the sales of paints and coatings, subsequently boosting the market for hydrocarbon solvents in the country.
Why are Sales of Hydrocarbon Solvents High in China?
“Growing Use of Disinfectant Products Driving Demand for Hydrocarbon Solvents”
Sales of hydrocarbon solvents in China are expected to reach US$ 2.1 billion by 2033. This can be ascribed to the presence of several end-use industries such as paints and coatings, automotive, construction, printing, packaging, and more.
Rising prevalence of infectious diseases is boosting the use of surface-cleaning products. Sales of disinfectants increased by 200% during the pandemic and they are still experiencing healthy growth. The rapidly progressing cleaning products industry in China is booming with the usage of hydrocarbon solvents.
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Category-wise Analysis
Which Type of Hydrocarbon Solvent is Most Widely Used?
“High Use of Aromatic Solvents in Oil & Gas Facilities”
A solvent composed of aromatic hydrocarbons, such as toluene, naphtha, or xylene, is known as an aromatic solvent. In numerous industrial uses, aromatic solvents are mainly used as solvents and diluents. Toluene is an example of an aromatic hydrocarbon solvent that is often employed in paints, adhesives, varnishes, and as chemical intermediates.
- Global demand for aromatic hydrocarbon solvents is expected to progress at 5% CAGR during the next 10 years.
In the oil and gas business, aromatic solvents are mostly used to stop pipeline corrosion while fractional distillation is occurring. North America is leading in the consumption of aromatic hydrocarbon solvents due to the rapidly progressing oil and gas industry.
Competitive Landscape
Market participants are consistently expanding their product offerings and creating better analytical solutions. Leading companies in the hydrocarbon solvents market are concentrating on product launch strategies, technology alliances, and collaborations.
- In 2019, Biosynthetic Technologies, LLC was taken over by Calumet Specialty Product Partners, L.P. The purchase of Biosynthetic Technologies, LLC and its technological capabilities fits in with the targeted expansion goal of Calumet Specialty Products. The business also disclosed the opening of a new R&D centre in Indianapolis. This advancement was anticipated to work in tandem to give the North American region's market for hydrocarbon solvents a competitive edge.
- One of the world's top solvent producers is Royal Dutch Shell Plc. It participates in both upstream and downstream oil and gas industry activities and is vertically integrated. As a strong revenue-generating industry with a high return on investment, the corporation is primarily focused on its downstream business division.
Key Segments of Hydrocarbon Solvents Industry Research
-
By Solvent Type :
- Aliphatic
- Aromatic
-
By Application :
- Paints & Coatings
- Cleaning & Degreasing
- Printing Inks
- Rubber & Polymers
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Key Success Factors
- 6. Global Market Demand (Tons) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solvent Type
- 9.1. Aliphatic Solvents
- 9.1.1. Varnish Makers & Painters Naphtha
- 9.1.2. Mineral Spirits
- 9.1.3. Hexane
- 9.1.4. Heptane
- 9.1.5. Others
- 9.2. Aromatic Solvents
- 9.2.1. Toluene
- 9.2.2. Xylene
- 9.2.3. Others
- 9.1. Aliphatic Solvents
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
- 10.1. Paints & Coatings
- 10.2. Cleaning & Degreasing
- 10.3. Printing Inks
- 10.4. Rubber & Polymer
- 10.5. Aerosols
- 10.6. Agriculture Chemicals
- 10.7. Pharmaceuticals
- 10.8. Others (including Cosmetics & Adhesives)
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Europe
- 11.3. East Asia
- 11.4. South Asia & Oceania
- 11.5. Latin America
- 11.6. Middle East & Africa
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia & Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Middle East & Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Ashland
- 20.2. Chevron Corporation
- 20.3. DuPont
- 20.4. Delta Corporation
- 20.5. Eastman Chemical Company
- 20.6. Exxon Mobil Corporation
- 20.7. Royal Dutch Shell
- 20.8. Others
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table No. 01. Global Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 02. Global Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 03. Global Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 04. Global Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 05. Global Value (US$ Mn) and Volume (Tons) Analysis, by Region, 2018 to 2022
Table No. 06. Global Market Value (US$ Mn) and Volume (Tons) Analysis, By Region, 2023 to 2033
Table No. 07. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 08. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 09. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 10. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 11. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 12. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 13. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 14. North America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 15. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 16. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 17. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 18. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 19. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 20. Europe Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 21. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 22. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 23. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 24. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 25. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 26. East Asia Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 27. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 28. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 29. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 30. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 31. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 32. South Asia & Oceania Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 33. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 34. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 35. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 36. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 37. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 38. Latin America Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 39. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2018 to 2022
Table No. 40. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Country, 2023 to 2033
Table No. 41. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 42. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 43. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 44. Middle East & Africa Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 45. United States Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 46. United States Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 47. United States Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 48. United States Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 49. Canada Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 50. Canada Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 51. Canada Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 52. Canada Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 53. Germany Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 54. Germany Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 55. Germany Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 56. Germany Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 57. France Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 58. France Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 59. France Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 60. France Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 61. United Kingdom Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 62. United Kingdom Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 63. United Kingdom Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 64. United Kingdom Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 65. China Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 66. China Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 67. China Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 68. China Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 69. Brazil Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 70. Brazil Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 71. Brazil Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 72. Brazil Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 73. Spain Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 74. Spain Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 75. Spain Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 76. Spain Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 77. Japan Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 78. Japan Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 79. Japan Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 80. Japan Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 81. India Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 82. India Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 83. India Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 84. India Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 85. Australia Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 86. Australia Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 87. Australia Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 88. Australia Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 89. GCC Countries Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 90. GCC Countries Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 91. GCC Countries Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 92. GCC Countries Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 93. Italy Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 94. Italy Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 95. Italy Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 96. Italy Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
Table No. 97. Turkey Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2018 to 2022
Table No. 98. Turkey Market Value (US$ Mn) and Volume (Tons) Analysis, By Solvent Type, 2023 to 2033
Table No. 99. Turkey Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2018 to 2022
Table No. 100. Turkey Market Value (US$ Mn) and Volume (Tons) Analysis, By Application , 2023 to 2033
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List Of Figures
Figure No 01: Global Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2018 to 2033
Figure No 02: Global Market Value (US$ Mn), Scenario Forecast, 2023 to 2033
Figure No 03: Global Market Value (US$ Mn), Forecast and Analysis, 2018 to 2022
Figure No 04: Global Market Value (US$ Mn), Forecast and Analysis, 2023 to 2033
Figure No 05: Global Market Value Y-o-Y Growth and Forecast, 2023 to 2033
Figure No 06: Global Market Incremental $ Opportunity, 2023 to 2033
Figure No 07: Global Market Share By Solvent Type - 2023 & 2033
Figure No 08: Global Market Y-o-Y Growth Projections By Solvent Type, 2023 to 2033
Figure No 09: Global Market Attractiveness Analysis By Solvent Type, 2023 to 2033
Figure No 10: Global Market Share By Application - 2023 & 2033
Figure No 11: Global Market Y-o-Y Growth Projections By Application , 2023 to 2033
Figure No 12: Global Market Attractiveness Analysis By Application , 2023 to 2033
Figure No 13: Global Market Share By Region- 2023 & 2033
Figure No 14: Global Market Y-o-Y Growth Projections By Region, 2023 to 2033
Figure No 15: Global Market Attractiveness Analysis By Region, 2023 to 2033
Figure No 16: North America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 17: North America Market Share By Country - 2023 & 2033
Figure No 18: North America Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 19: North America Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 20: North America Market Share By Solvent Type - 2023 & 2033
Figure No 21: North America Market Y-o-Y Growth Projections By Solvent Type, 2023 to 2033
Figure No 22: North America Market Attractiveness Analysis By Solvent Type, 2023 to 2033
Figure No 23: North America Market Share By Application Industry - 2023 & 2033
Figure No 24: North America Market Y-o-Y Growth Projections By Application Industry, 2023 to 2033
Figure No 25: North America Market Attractiveness Analysis By Application Industry, 2023 to 2033
Figure No 26: Europe Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 27: Europe Market Share By Country - 2023 & 2033
Figure No 28: Europe Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 29: Europe Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 30: Europe Market Share By Solvent Type - 2023 & 2033
Figure No 31: Europe Market Y-o-Y Growth Projections By Solvent Type, 2023 to 2033
Figure No 32: Europe Market Attractiveness Analysis By Solvent Type, 2023 to 2033
Figure No 33: Europe Market Share By Application Industry - 2023 & 2033
Figure No 34: Europe Market Y-o-Y Growth Projections By Application Industry, 2023 to 2033
Figure No 35: Europe Market Attractiveness Analysis By Application Industry, 2023 to 2033
Figure No 36: East Asia Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 37: East Asia Market Share By Country - 2023 & 2033
Figure No 38: East Asia Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 39: East Asia Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 40: East Asia Market Share By Solvent Type - 2023 & 2033
Figure No 41: East Asia Market Y-o-Y Growth Projections By Solvent Type, 2023 to 2033
Figure No 42: East Asia Market Attractiveness Analysis By Solvent Type, 2023 to 2033
Figure No 43: East Asia Market Share By Application Industry - 2023 & 2033
Figure No 44: East Asia Market Y-o-Y Growth Projections By Application Industry, 2023 to 2033
Figure No 45: East Asia Market Attractiveness Analysis By Application Industry, 2023 to 2033
Figure No 46: South Asia & Oceania Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 47: South Asia & Oceania Market Share By Country - 2023 & 2033
Figure No 48: South Asia & Oceania Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 49: South Asia & Oceania Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 50: South Asia & Oceania Market Attractiveness Analysis By Solvent Type, 2023 to 2033
Figure No 51: South Asia & Oceania Market Y-o-Y Growth Projections By Solvent Type, 2023 to 2033
Figure No 52: South Asia & Oceania Market Share By Solvent Type - 2023 & 2033
Figure No 53: South Asia & Oceania Market Share By Application Industry - 2023 & 2033
Figure No 54: South Asia & Oceania Market Y-o-Y Growth Projections By Application Industry, 2023 to 2033
Figure No 55: South Asia & Oceania Market Attractiveness Analysis By Application Industry, 2023 to 2033
Figure No 56: Latin America Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 57: Latin America Market Share By Country - 2023 & 2033
Figure No 58: Latin America Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 59: Latin America Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 60: Latin America Market Share By Solvent Type - 2023 & 2033
Figure No 61: Middle East & Africa Market Value (US$ Mn), Volume (Tons) Forecast and Analysis, 2023 to 2033
Figure No 62: Middle East & Africa Market Share By Country - 2023 & 2033
Figure No 63: Middle East & Africa Market Y-o-Y Growth Projections By Country, 2023 to 2033
Figure No 64: Middle East & Africa Market Attractiveness Analysis By Country, 2023 to 2033
Figure No 65: Middle East & Africa Market Share By Solvent Type - 2023 & 2033
Figure No 66: United States of America Market Analysis, 2018 to 2033
Figure No 67: United States of America Market Volume Share by Solvent Type 2023 & 2033
Figure No 68: United States of America Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 69: United Kingdom Market Analysis, 2018 to 2033
Figure No 70: United Kingdom Market Volume Share by Solvent Type 2023 & 2033
Figure No 71: United Kingdom Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 72: Germany Market Analysis, 2018 to 2033
Figure No 73: Germany Market Volume Share by Solvent Type 2023 & 2033
Figure No 74: Germany Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 75: Italy Market Analysis, 2018 to 2033
Figure No 76: Italy Market Volume Share by Solvent Type 2023 & 2033
Figure No 77: Italy Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 78: Spain Market Analysis, 2018 to 2033
Figure No 79: Spain Market Volume Share by Solvent Type 2023 & 2033
Figure No 80: Spain Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 81: Canada Market Analysis, 2018 to 2033
Figure No 82: Canada Market Volume Share by Solvent Type 2023 & 2033
Figure No 83: Canada Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 84: Brazil Market Analysis, 2018 to 2033
Figure No 85: Brazil Market Volume Share by Solvent Type 2023 & 2033
Figure No 86: Brazil Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 87: Japan Market Analysis, 2018 to 2033
Figure No 88: Japan Market Volume Share by Solvent Type 2023 & 2033
Figure No 89: Japan Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 90: France Market Analysis, 2018 to 2033
Figure No 91: France Market Volume Share by Solvent Type 2023 & 2033
Figure No 92: France Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 93: India Market Analysis, 2018 to 2033
Figure No 94: India Market Volume Share by Solvent Type 2023 & 2033
Figure No 95: India Boards Market Volume Share By Application Industry 2023 & 2033
Figure No 96: China Market Analysis, 2018 to 2033
Figure No 97: China Market Volume Share by Solvent Type 2023 & 2033
Figure No 98: China Boards Market Volume Share By Application Industry 2023 & 2033
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- FAQs -
What is the hydrocarbon solvents market size in 2023?
The global hydrocarbon solvents market is valued at US$ 6.60 billion in 2023.
What is the estimated CAGR for the hydrocarbon solvents market?
Sales of hydrocarbon solvents are predicted to increase at a CAGR of 4.1% from 2023 to 2033.
What is the projected market value for hydrocarbon solvents by 2033?
Worldwide demand for hydrocarbon solvents is expected to reach US$ 9.87 billion by 2033.
Who are the leading producers of hydrocarbon solvents?
Ashland, DuPont, Chevron Corporation, and Exxon Mobil Corporation are some of the key players in this market.
Which is the most lucrative market for manufacturers of hydrocarbon solvents in Asia Pacific?
China is witnessing high use of hydrocarbon solvents due to the presence of major end-use industries, with the market set to expand at 4.8% CAGR through 2033.
Hydrocarbon Solvents Market