This Solvent Naphtha market report Study represents Latest Development Trends and Business Expansion Strategies Attain the Global Valuation of Solvent Naphtha market size by analyzing historical data and future prospects.
Solvent Naphtha market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 8342.5 million in 2020. Over the next five years the Solvent Naphtha market will register a 4.3% CAGR in terms of revenue, the global market size will reach US$ 9878.5 million by 2026. 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.
USA is the leading supplier of solvent naphtha, the production of which reached 1817 K MT in 2017, accounting for about 24.71% of the total global market. China, Europe, and Northeast Asia are also important supply region of solvent. Generally, the supply and demand of solvent naphtha has been stable in the global market, despite the dramatic decrease of supply in China. Despite the global economic recovery and the improvement in downstream demand, the China solvent naphtha industry is still overcapacity. And the increasingly stricter environment requirement and higher consumption tax also restrict the development of the industry. Some companies were forced to cut back production even close down some manufacturing bases. Sinopec and CNPC has sharply decreased the supply volume of solvent naphtha during the past 5 years.
The top players cover Shell, ExxonMobil, Total, Chevron Phillips and SK etc., which are playing important roles in global Solvent Naphtha market. The Top 3 players in global market was 30.53% in 2017, while the share of top 5 players was 38.24%. The market is fragmented, also each company owns a broad product portfolio. Except policy affect, downstream demand is the key influence factor to the market.
Paints & Coatings accounted for the largest market with about 27.51% of the global consumption for solvent naphtha in 2017. Moreover, it is anticipated to grow at a CAGR of 3.69% during the forecast period. With over 16.56% share of in the solvent naphtha market, Rubber & Resin was the second largest application market in 2017, and is anticipated to grow at a CAGR of 4.14%, in terms of consumption, during the forecast period.
This section of the report identifies the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market: Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet, Idemitsu, BP, DowDuPont, Citgo, Reliance, KAPCO, Mitsubishi, CEPSA, Ganga Rasayanie, JX Nippon Oil & Energy, Neste, CPC, Gulf Chemicals and Industrial Oils, Sinopec, CNPC, Jiangsu Hualun, Changshu A
Request for Free Sample Pages:
Global Solvent Naphtha Market: Drivers and Restrains
The Solvent Naphtha market research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed Solvent Naphtha market information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and also about each type from 2015 to 2026.
A thorough evaluation of the restrains included in the Solvent Naphtha report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Market Segmentation: This proper segmentation would lead players closer to various features and factors that can impact the outcome of the market in the coming years.
Segment by Type
Segment by Application
Paints & Coatings
Rubber & Resin
Avail an Exclusive Discount Offers:
Regional Outlook: The Solvent Naphtha report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2015 to 2026. These analyses will help the reader to understand the potential worth of investment in a particular region. The report also tracks the latest market dynamics, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It provides Solvent Naphtha market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries.
Global Solvent Naphtha market, by region
- North America
- Latin America
- North America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- Western Europe
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Middle East
Browse Complete Premium Research Details of 131 Pages along with Table of Content, List of Figures and Table:
To share detailed information about the key factors influencing the growth of the Solvent Naphtha 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 strategically profile the key players and comprehensively analyze their growth strategies.
We will get in touch with you within 24hrs and help you find the research reports and Additional Customization you need.
INDUSTRY DATA ANALYTICS
About – IndustryDataAnalytics is your single point market research source for all industries including pharmaceutical, chemicals and materials, energy resources, automobile, IT, technology and media, food and beverages, and consumer goods, among others.
Head of Sales: Mr. Hon Irfan Tamboli
+1 (704) 266-3234 | [email protected]