Isoparaffin Solvents Market Summary
Isoparaffin is a synthetic solvent with a unique combination of flash point, evaporation rate and boiling range. It is produced by using a carefully controlled process condition and feedstocks which give the resulting Isoparaffin a consistent structure, composition, performance properties and low impurities. It is odorless hence it suitable for use in printing inks, hand cleaners, odorless paints, photocopiers, dry cleaning, household sprays, fragrant polishes and wallpaper manufacture.
According to the new market research report “Global Isoparaffin Solvents Market Report 2024-2030”, published by QYResearch, the global Isoparaffin Solvents market size is projected to reach USD 0.53 billion by 2030, at a CAGR of 3.1% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Isoparaffin Solvents include Shell, ExxonMobil Chemical, Idemitsu, Inner Mongolia Yitai Group, Total, Chevron Phillips Chemical Company, INEOS, Maruzen Petrochemical, Braskem, SK, etc. In 2023, the global top 10 players had a share approximately 75.0% in terms of revenue.
In terms of product type, currently C12 is the largest segment, hold a share of 42.5%.
In terms of product application, currently Metalworking is the largest segment, hold a share of 23.4%.
Market Drivers:
Increasing demand for green solvents due to environmental concerns.
Growth in the automotive and aerospace industries, where isoparaffin solvents are used for cleaning and degreasing applications.
Expansion of the paints and coatings industry, which utilizes isoparaffin solvents as thinners and diluents.
Rising adoption of isoparaffin solvents in the pharmaceutical and personal care sectors for formulation purposes.
Restraint:
Stringent regulations regarding VOC emissions, leading to limitations on the usage of traditional solvents like isoparaffins.
Fluctuating crude oil prices affecting the cost of production of isoparaffin solvents.
Growing competition from alternative solvent options such as bio-based solvents and hydrocarbon solvents.
Opportunity:
Innovations in isoparaffin solvent formulations to meet eco-friendly standards and comply with regulations.
Penetration into emerging markets with expanding industrial sectors, particularly in Asia-Pacific and Latin America.
Diversification of application areas, such as in electronics manufacturing and agrochemicals, to tap into new revenue streams.
Strategic collaborations and partnerships with key players in downstream industries to enhance market presence and product development efforts.
About The Authors
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Lu Jing - Lead Author |
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Email: lujing@qyresearch.com |
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Lu Jing is a technology & market senior analyst specializing in chemical, advanced material, and component. Lu has 9 years’ experience in chemical and focuses on catalyst and additive, metal and plastic materials, waste recycling, daily chemicals. She is engaged in the development of technology and market reports and is also involved in custom projects. |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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