Global Solvent Naphtha (Petroleum) Heavy Arom Market Growth 2025-2031

Global Solvent Naphtha (Petroleum) Heavy Arom Market Growth 2025-2031

The global Solvent Naphtha (Petroleum) Heavy Arom market size is predicted to grow from US$ 4208 million in 2025 to US$ 5633 million in 2031; it is expected to grow at a CAGR of 5.0% from 2025 to 2031.

Solvent naphtha, which are composed of a mixture of hydrocarbons, are used in a variety of application areas and are incorporated in great number of formulated chemical products, including: architectural paints and protective coatings; printing inks and printing press cleaners; other cleaing compounds; pesticides; degreasing formulations; and household products. Solvent naphtha is a general term as each refinery produces its own naphtha with unique initial and final boiling points and other physical and composition characteristics.

1. Growth in End-Use Industries

Paints and Coatings Industry: Solvent naphtha heavy aromatics are widely used in the paints and coatings industry as solvents. With construction and automotive industries experiencing steady growth in emerging markets, the demand for solvent naphtha is expected to remain robust. The paints and coatings sector is especially expanding in Asia-Pacific, Latin America, and the Middle East.

Agrochemicals: The use of solvent naphtha heavy aromatics in the production of agrochemicals such as herbicides and pesticides is contributing to the growth in this sector. As agricultural activity continues to expand, particularly in developing countries, the agrochemical market is expected to drive demand for solvent naphtha.

2. Regional Demand Variations

Asia-Pacific Leads the Market: The Asia-Pacific region, particularly China and India, is the largest consumer of solvent naphtha heavy aromatics. This is due to rapid industrialization, urbanization, and growth in end-use industries like construction, automotive, and agriculture. The region’s expanding chemical manufacturing capabilities are also fueling demand.

North America and Europe: These regions are experiencing slower growth compared to Asia-Pacific due to stricter environmental regulations limiting the use of high-aromatic solvents. However, industries like automotive and chemicals continue to support moderate demand in these regions.

3. Environmental Regulations and Challenges

Stringent Regulations: Solvent naphtha heavy aromatics are subject to environmental regulations due to their volatile organic compounds (VOCs) content and potential environmental hazards. Governments, especially in North America and Europe, are enforcing stricter regulations to limit emissions and promote the use of eco-friendly alternatives. This is encouraging manufacturers to develop greener alternatives with lower VOCs.

Shift to Water-Based and Bio-Based Alternatives: To meet regulatory standards, industries are increasingly shifting towards water-based coatings and solvents with lower environmental impact. This trend is most prominent in the coatings and adhesive sectors, which could reduce the long-term demand for solvent naphtha heavy aromatics.

The important solvent naphtha(petroleum) heavy arom players in Global Market include Shell and ExxonMobil, hold a share around 30% market share in total. North America is the largest market, occupied for around 25 percent market share, followed by Europe. C9-C10 Solvent is the biggest segment, paints & coating is the largest downstream market.

LP Information, Inc. (LPI) ' newest research report, the “Solvent Naphtha (Petroleum) Heavy Arom Industry Forecast” looks at past sales and reviews total world Solvent Naphtha (Petroleum) Heavy Arom sales in 2024, providing a comprehensive analysis by region and market sector of projected Solvent Naphtha (Petroleum) Heavy Arom sales for 2025 through 2031. With Solvent Naphtha (Petroleum) Heavy Arom sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Solvent Naphtha (Petroleum) Heavy Arom industry.

This Insight Report provides a comprehensive analysis of the global Solvent Naphtha (Petroleum) Heavy Arom landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Solvent Naphtha (Petroleum) Heavy Arom portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Solvent Naphtha (Petroleum) Heavy Arom market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Solvent Naphtha (Petroleum) Heavy Arom and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Solvent Naphtha (Petroleum) Heavy Arom.

This report presents a comprehensive overview, market shares, and growth opportunities of Solvent Naphtha (Petroleum) Heavy Arom market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
C9-C10 Solvent Naphtha (Petroleum) Heavy Arom
C11-C12 Solvent Naphtha (Petroleum) Heavy Arom
Others

Segmentation by Application:
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Industrial Cleaning
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Shell
ExxonMobil
TotalEnergies
SK Geo Centric
Hanwha Total
Flint Hills Resources
Haltermann Carless
Braskem
DHC Solvent Chemie GmbH
Ganga Rasayanie Pvt Ltd
Sinopec
CNPC
Jiangsu Hualun
Suzhou Jiutai Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Solvent Naphtha (Petroleum) Heavy Arom market?

What factors are driving Solvent Naphtha (Petroleum) Heavy Arom market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Solvent Naphtha (Petroleum) Heavy Arom market opportunities vary by end market size?

How does Solvent Naphtha (Petroleum) Heavy Arom break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.