Global Hydrocarbon Solvents Market 2024-2028
The hydrocarbon solvents market is forecasted to grow by USD 2746.9 mn during 2023-2028, accelerating at a CAGR of 5.24% during the forecast period. The report on the hydrocarbon solvents market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advances in extraction and refining processes of hydrocarbons, steady demand for durable and high-performance coatings, and growing emphasis on bio-based and low-VOC hydrocarbon solvents.
Technavio's hydrocarbon solvents market is segmented as below:
By Type
By End-user
- Paints and coatings
- Adhesives
- Printing inks
- Others
By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the rise of digitalization and automation in hydrocarbon solvent manufacturing as one of the prime reasons driving the hydrocarbon solvents market growth during the next few years. Also, development of non-toxic and recyclable catalysts for production of hydrocarbon solvents and new product launches by market vendors will lead to sizable demand in the market.
The report on the hydrocarbon solvents market covers the following areas:
- Hydrocarbon solvents market sizing
- Hydrocarbon solvents market forecast
- Hydrocarbon solvents market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrocarbon solvents market vendors that include BASF SE, Chemex Organochem Pvt Ltd., Chevron Phillips Chemical Co. LLC, Clariant AG, Dow Inc., Eastman Chemical Co., Exxon Mobil Corp., Honeywell International Inc., Huntsman Corp., Idemitsu Kosan Co. Ltd., INEOS AG, LyondellBasell Industries N.V., Neste Corp., Reliance Industries Ltd., Sasol Ltd., Shell PLC, SK geo centric Co Ltd, Sydney Solvents, TotalEnergies SE, and Univar Solutions Inc.. Also, the hydrocarbon solvents market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.