Solvent Naphtha Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Solvent Naphtha market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Solvent Naphtha is projected to rise moderately in the projected time frame of 2023-2030.
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 2020, 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 2020, 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 2020. 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 2020, and is anticipated to grow at a CAGR of 4.14%, in terms of consumption, during the forecast period.
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.
Global Solvent Naphtha market size will increase to 10900 Million US$ by 2030, from 7200 Million US$ in 2020, at a CAGR of 5.3% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Solvent Naphtha.
Objectives of Research:
- The overview of the global Solvent Naphtha market
- Report comprised of the market companies, to describe and define and analyze the Solvent Naphtha market value, share competition landscape, development plans and SWOT analysis.
- The report also involves the structure of the industry by identifying its several sub-segments.
- To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market:
The major competitors working in the market are:
, 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, CNPC, Jiangsu Hualun, Changshu Alliance Chemical, Suzhou Jiutai Group
Market by Order Type
Paraffin Solvent
CycloParaffin Solvent
C9 Solvent
C10 Solvent
Other
Solvent Naphtha Data by Application
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Industrial Cleaning
Other
Solvent Naphtha Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
- Summary of the Solvent Naphtha market comprising definition
- Solvent Naphtha Market Growth Drivers, Restrains, Challenges and opportunities
- Major trends which is impacting the global Solvent Naphtha market
- Solvent Naphtha Market segmentation and complete information about the market
- Regional analysis of the market
- Which regional market will develop as a champion at intervals in the coming years?
- What are the top companies at intervals in the global Solvent Naphtha market?
- What are the growth strategies of the key players to sustain hold at intervals in the global Solvent Naphtha market?
Table of Content
Solvent Naphtha Market – Overview
1.1 Definitions, Overview, and Scope
1.2 Drivers, Restrain, Challenges, Opportunities
Solvent Naphtha Market – Executive Summary
2.1 Market Revenue and Major Trends, and Challenges
Solvent Naphtha Market – Comparative Analysis
3.1 Product Benchmarking
3.2 Financial Overview
3.3 Market Cost Divided
3.4 Estimating Examination
Solvent Naphtha Market – Industry Market Entry Scenario
4.1 Governing Outline Summary
4.2 New Business index
4.3 Case Studies of Positive Schemes
Solvent Naphtha Market Forces
5.1 Market Drivers
5.2 Market Restrains
5.3 Market New Opportunities
5.4 Market Challenges
5.4 Porters five force model
Solvent Naphtha Market – Strategic Complete Overview
6.1 Value Chain Analysis
6.2 Market Opportunities Analysis
6.3 Market Challenges Analysis
6.4 Market Life Cycle
Solvent Naphtha Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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