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Global Isoparaffin Solvents Market: By Type: C4-C8, C9-C11, C12, C13-C14, C15<, Others; By Application: Agrochemical, Metal Working, Paints and Coatings, Polymers, Pharmaceuticals, Personal Care, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Isoparaffin Solvents Market Outlook
The global isoparaffin solvents market is expected to grow at a CAGR of 3.5% during the forecast period of 2023-2028.
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North American to be a Key Contributor to the Global Market for Isoparaffin Solvents
Rapid urbanisation and the widespread presence of the automobile industry in North America is primarily driving the growth of the isoparaffin solvents industry in the region. The rising awareness of maintaining personal care in countries such as the United States and Canada is aiding the further growth of the market in the North American region.
With a wide presence of the agrochemical industry in European regions, the demands for isoparaffin solvents are witnessing a rise in the region. Further, the burgeoning demand for isoparaffin solvents in developing regions has contributed significantly to the market growth. The rapid industrialisation in emerging economies like India and China is expected to drive the global isoparaffin solvents industry forward.
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Isoparaffin Solvents: Market Segmentation
Isoparaffin solvents refer to the branched-chain alkanes that are often used in the extraction, alkylation, and polymerisation processes. It is a synthetic solvent having a unique combination of flash point, evaporation rate, as well as boiling range. It is made by using a carefully controlled process condition and feedstocks, which give the resulting isoparaffin a consistent structure, composition, performance properties, and low impurities.
Based on type, the market is divided into:
- C4-C8
- C9-C11
- C12
- C13-C14
- C15<
- Others
Based on application, the market is categorised into:
- Agrochemicals
- Metal Working
- Paints and Coatings
- Polymers
- Pharmaceuticals
- Personal Care
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Better Synthetic Solvents is Driving the Isoparaffin Solvents Market Growth
The global isoparaffin solvents industry is gaining traction owing to the rising demand for better synthetic solvents and their applications in various end use industries. These solvents are used across industries like paints, pesticides, personal care products, pharmaceuticals, and others. The market is being driven by the favourable properties of isoparaffin solvents. They are valued for their superior cleaning efficiency, low odour, better solvency, and excellent safety profiles. The global isoparaffin solvents industry is expected to gain substantial revenues from the rising demand for polymerisation. Additionally, the growth in agricultural activities finds great use of isoparaffins, further aiding the market growth. However, the growth has somewhat dampened over the past few years owing to the high costs associated with the chemical.
Key Industry Players in the Global Isoparaffin Solvents Market
The report gives a detailed analysis of the following key players in the global isoparaffin solvents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Chevron Phillips Chemical Company
- Idemitsu Kosan Co. Ltd
- Exxon Mobil Corporation
- TotalEnergies SE
- Royal Dutch Shell plc
- Braskem S.A.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region |
| Breakup by Type | C4-C8, C9-C11, C12, C13-C14, C15<, Others |
| Breakup by Application | Agrochemical, Metal Working, Paints and Coatings, Polymers, Pharmaceuticals, Personal Care, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, TotalEnergies SE, Royal Dutch Shell plc, Braskem S.A., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Isoparaffin Solvents Market Analysis
8.1 Key Industry Highlights
8.2 Global Isoparaffin Solvents Historical Market (2018-2022)
8.3 Global Isoparaffin Solvents Market Forecast (2023-2028)
8.4 Global Isoparaffin Solvents Market by Type
8.4.1 C4-C8
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 C9-C11
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 C12
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 C13-C14
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 C15<
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Isoparaffin Solvents Market by Application
8.5.1 Agrochemical
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Metal Working
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Paints and Coatings
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Polymers
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Pharmaceuticals
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Personal Care
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Isoparaffin Solvents Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Chevron Phillips Chemical Company
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Idemitsu Kosan Co. Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Exxon Mobil Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 TotalEnergies SE
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Royal Dutch Shell plc
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Braskem S.A.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Locations, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Isoparaffin Solvents Market: Key Industry Highlights, 2018 and 2028
2. Global Isoparaffin Solvents Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Isoparaffin Solvents Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Isoparaffin Solvents Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Isoparaffin Solvents Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Isoparaffin Solvents Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Isoparaffin Solvents Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Isoparaffin Solvents Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 3.5% between 2021 and 2026.
The major drivers of the industry, such as the growing demand for better synthetic solvents, excellent properties of the product, and the growing agrochemical applications, are expected to aid the market growth.
The key trends guiding the growth of the market are the increasing usage of the product in industries and the rising demand for better synthetic solvents.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading product types in the industry are C4-C8, C9-C11, C12, C13-C14, and C15<, among others.
The major application sectors in the industry are agrochemicals, metal working, paints and coatings, polymers, pharmaceuticals, and personal care, among others.
The major players in the industry are Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, TotalEnergies SE, Royal Dutch Shell plc, and Braskem S.A., among others.
Analyst Review
The global isoparaffin solvents market is being driven by increasing demands for organic food. Aided by a huge market of nutrition-conscious consumers, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is segmented into C4-C8, C9-C11, C12, C13-C14, and C15<, among others. Based on application, the industry is majorly divided into agrochemicals, metal working, paints and coatings, polymers, pharmaceuticals, and personal care, among others. The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, TotalEnergies SE, Royal Dutch Shell plc, and Braskem S.A., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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