The statistical graphing report on the global Solvent Naphtha Market has been presented by using professional or expert knowledge through standard and modified research approaches and forecasts. The yearly forecast and predication for the years 2020 to 2025 have been enclosed by the report along with comprehensive analysis for all the segments and regions. The statistical data derived from authentic resources and assisted by industry experts. It likewise assesses the data by evaluating market elements, including drivers, restraints, opportunities, threats, challenges, growth prospects, and other elements.
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.
In recent years, sharp fluctuations of oil prices on the international market have affected the development of the world economy. Under the influence of raw material, market competitions and economic conditions, the price of solvent naphtha is also unstable. In the next few years, we predict that price will increase as the cost of crude oil has been hiking. As competition intensifies, prices gap between different brands will go narrowing.
According to this study, over the next five years the Solvent Naphtha market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 9710 million by 2024, from US$ 7200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Solvent Naphtha business, shared in Chapter 3.
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The key manufacturers covered in this report:
- Shell
- ExxonMobil
- Total
- Chevron Phillips
- SK
- Calumet
- Idemitsu
- BP
- Dow
- Citgo
- Reliance
- KAPCO
- Mitsubishi
- CEPSA
- Ganga Rasayanie
- JX Nippon Oil & Energy
- Neste
- CPC Corporation
- Gulf Chemicals and Industrial Oils
- Sinopec
Segmentation by product type:
- Paraffin Solvent
- CycloParaffin Solvent
- C9 Solvent
- C10 Solvent
- Other
Segmentation by application:
- Paints & Coatings
- Agro Chemicals
- Rubber & Resin
- Printing Inks
- Industrial Cleaning
- Other
This report also splits the market by region:
- Americas
- United States
- Canada
- Mexico
- Brazil
- APAC
- China
- Japan
- …….
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Research objectives
- To study and analyze the global Solvent Naphtha consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Solvent Naphtha market by identifying its various subsegments.
- Focuses on the key global Solvent Naphtha manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Solvent Naphtha with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Solvent Naphtha submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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