Hydrocarbon Solvents Market by Type (Aliphatic Hydrocarbons, Aromatic Hydrocarbons) by Application (Paints & Coatings, Dry Cleaning Fluids, Adhesives & Sealants, Edible Oils, Agriculture Chemicals, Rubber Tires, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 12-Feb-2021 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-5815 Status : Published

The hydrocarbon solvents market is set for a rapid growth over the forecast period. In terms of revenue, the global Hydrocarbon Solvents market accounted for USD 6,286.3 Million in 2019 and is expected to reach USD 8,558.5 Million by 2026, growing at a CAGR of 4.5%

Description

The hydrocarbon solvents market is set for a rapid growth over the forecast period. In terms of revenue, the global Hydrocarbon Solvents market accounted for USD 6,286.3 Million in 2019 and is expected to reach USD 8,558.5 Million by 2026, growing at a CAGR of 4.5%

Global Hydrocarbon Solvents Market: Overview

Hydrocarbon solvents are organic solvents, with molecules consisting of only carbon and hydrogen atoms. In crude oil refineries, hydrocarbon solvents are developed in the nature of volatile fractions. The resulting hydrocarbon solvents contains naphthenic, paraffinic, and aromatic constituents in different proportion. Organic hydrocarbon solvents provide key advantages in cannabis extraction to manufacturers, patients, and policymakers.

Organic solvent extraction is very common in the pharmaceutical, chemical, food, and cosmetics industries and many others. From these past sectors, the new cannabis industry has largely repurposed existing methodologies. The extraction of cannabis using organic solvents can be easily related to the processing of absolutes which is highly concentrated and aromatic oil for the personal care and perfumery industries, extracted from the plant.

At present, butane and propane are the most common solvents for cannabis extraction, although ethanol, CO2, pressure and heat are also used. These hydrocarbon solvents are preferred over other organic solvents because they are safely superior in order to manufacture high-quality extracts economically at an accelerated rate.

Global Hydrocarbon Solvents Market: Growth Factors

When industrial cleaning sessions do not favor aqueous cleaning, chemical cleaning is the best choice and hydrocarbons are preferred over other solvents due to its efficiency and protection, compared to other solvents.

The degreasing ability of hydrocarbons is high and is capable of handling high volumes of oil.

The deliver results that do not require monitoring; since the standards for hydrocarbon solvents are set, the uncertainty in the cleaning process never prevails and the cleaning process is complete.

Hydrocarbon solvents leave the industrial equipment completely dry, whether they are blind holes or passages. This is a much-desired function that keeps you away from stress because of the moisture left behind and the cost of getting rid of it.

Hydrocarbon solvents do not raise incompatible issues and leave no way for discoloration or scorching. Moreover, they are used to control corrosion in metalworking plants.

It does not take much energy to heat the cleaning hydrocarbon solvent and there is no burden for disposal responsibility.

The aromatic content is very low and provides a healthy and relaxed working atmosphere without causing any health issues. Exxsol D60, Exxsol D80, Isopar series such as Isopar H, Isopar L etc. are outstanding industrial cleaners.

Impact due to the outbreak of COVID-19

The COVID-19 pandemic has drawn greater focus on products for cleaning and disinfection. As indicated by the Environmental Protection Agency (EPA), United States, manufacturers of hydrocarbon solvents are taking advantage of this business opportunity to create continuous supply chains. During the height of coronavirus cases globally, they have been producing goods at break-neck rates. Cleaning goods are therefore projected to create long-term revenue streams for organizations in the hydrocarbon solvent industry, as customers in residential, commercial and industrial spaces have become aware of hygiene and sanitation.

Manufacturing companies should increase their efforts to make their goods available on the EPA-certified list of products that are fit for COVID-19 infection killing.

Global Hydrocarbon Solvents Market: Segmentation

Aliphatic hydrocarbon solvents are mainly used as diluents in paints & thinners. As the solvent mix used in paints and coating industry is constantly evolving, the growing demands for enhanced efficiency is also satisfactory. Thus, the aliphatic hydrocarbon solvents are predicted to have a significant share during the forecast period.

The growth of the paints & coatings segment of the hydrocarbon solvents market worldwide is driven by increased demand for paints & coatings from various end-use industries, such as automotive, décor industry, protective paint & coating industries, and manufacturing industry. The segment is anticipated to remain dominant during the forecast era. It is expected to grow at a significant pace, due to the increasing popularity of solvent industrial paints & coatings and its widespread use.

Global Hydrocarbon Solvents Market: Regional Analysis

By Geography, the hydrocarbon solvents market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

In terms of volume, Asia Pacific retained a significant share of the global market for hydrocarbon solvents in 2019. It is the world's leading manufacturer and user of hydrocarbon solvents. The market for hydrocarbon solvents is expected to grow faster in Asia Pacific than in other regions. This can be due to an increase in demand for hydrocarbon solvents in developing economies such as India and China.

North America has seen a rapid rise in demand for hydrocarbon solvents in recent years. The United states is expected to generate lucrative prospects for the demand for hydrocarbon solvents in the coming years, due to the growth of the country's automotive, construction, and paint & coating industries. The market in Canada is projected to accelerate at a steady pace during the forecast period, due to the presence of small and medium-sized producers across the country.

Global Hydrocarbon Solvents Market: Competitive Players

The major players in the global hydrocarbon solvents market include Sinopec, Sasol Solvents, Chevron Corporation, Exxon Mobil Corporation, Eastman Chemical Company, Ashland, Reliance Industries Limited, DowDuPont, Inc., Formosa Petrochemical Corporation, Royal Dutch Shell, BP Plc, and Engen Petroleum Ltd. among others.

The report segment of global hydrocarbon solvents market are as follows:

Global Hydrocarbon Solvents Market: Type Segment Analysis

  • Aliphatic Hydrocarbons
  • Aromatic Hydrocarbons

Global Hydrocarbon Solvents Market: Application Segment Analysis

  • Paints & Coatings
  • Dry Cleaning Fluids
  • Adhesives & Sealants
  • Edible Oils
  • Agriculture Chemicals
  • Rubber Tires
  • Others

Global Hydrocarbon Solvents Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description
      • 1.1.1. Objective
      • 1.1.2. Target Audience
      • 1.1.3. Unique Selling Proposition (USP) & Offerings
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodulogy
      • 1.3.3. Level 1: Primary Research
      • 1.3.4. Level 2: Secondary Research
      • 1.3.5. Level 3: Data Validation and Expert Panel Assessment Report Description and Scope
  • Chapter 2. Executive Summary
    • 2.1. Global Hydrocarbon Sulvents Market, 2016-2026, (USD Million)
    • 2.2. Hydrocarbon Sulvents Market: Market snapshot
  • Chapter 3. Global Hydrocarbon Sulvents Market – Industry Analysis
    • 3.1. Introduction
    • 3.2. Industry ecosystem analysis
    • 3.3. Technulogy landscape
    • 3.4. Market Drivers
      • 3.4.1. North America
      • 3.4.2. Europe
      • 3.4.3. Asia Pacific
      • 3.4.4. Latin America
      • 3.4.5. MEA
    • 3.5. Restraints
    • 3.6. Opportunity
    • 3.7. Innovation & sustainability
    • 3.8. Regulatory landscape
    • 3.9. Porter’s Five Forces Analysis
    • 3.10. PESTLE Analysis
    • 3.11. Hydrocarbon Sulvents Market: Market Attractiveness Analysis
      • 3.11.1. Market Attractiveness Analysis by Type Segment
      • 3.11.2. Market Attractiveness Analysis by Application Segment
  • Chapter 4. Global Hydrocarbon Sulvents Market - Competitive Landscape
    • 4.1. Company Market Share Analysis, 2019
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions and Mergers
      • 4.2.2. New Product Launch
      • 4.2.3. Agreements, Partnerships, Cullaborations and Joint Ventures
      • 4.2.4. Research & Development and Regional Expansion
  • Chapter 5. Hydrocarbon Sulvents Market – Type Segment Analysis
    • 5.1. Global Hydrocarbon Sulvents Market Revenue Share, by Type, 2019 & 2026 (USD Million)
    • 5.2. Global Hydrocarbon Sulvents Market by Aliphatic Hydrocarbons, 2016 – 2026 (USD Million)
    • 5.3. Global Hydrocarbon Sulvents Market by Aromatic Hydrocarbons, 2016 – 2026 (USD Million)
  • Chapter 6. Hydrocarbon Sulvents Market – Application Segment Analysis
    • 6.1. Global Hydrocarbon Sulvents Market Revenue Share, by Application, 2019 & 2026 (USD Million)
    • 6.2. Global Hydrocarbon Sulvents Market by Paints & Coatings, 2016 – 2026 (USD Million)
    • 6.3. Global Hydrocarbon Sulvents Market by Dry Cleaning Fluids, 2016 – 2026 (USD Million)
    • 6.4. Global Hydrocarbon Sulvents Market by Adhesives & Sealants, 2016 – 2026 (USD Million)
    • 6.5. Global Hydrocarbon Sulvents Market by Edible Oils, 2016 – 2026 (USD Million)
    • 6.6. Global Hydrocarbon Sulvents Market by Agriculture Chemicals, 2016 – 2026 (USD Million)
    • 6.7. Global Hydrocarbon Sulvents Market by Rubber Tires, 2016 – 2026 (USD Million)
    • 6.8. Global Hydrocarbon Sulvents Market by Others, 2016 – 2026 (USD Million)
  • Chapter 7. Hydrocarbon Sulvents Market - Regional Analysis
    • 7.1. Global Hydrocarbon Sulvents Market: Regional Overview
      • 7.1.1. Global Hydrocarbon Sulvents Market Revenue Share, By Region, 2019 & 2026 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Hydrocarbon Sulvents Market Revenue 2016 – 2026 (USD Million)
      • 7.2.2. North America Hydrocarbon Sulvents Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.2.3. North America Hydrocarbon Sulvents Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.2.4. U.S.
        • 7.2.4.1. U.S. Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.4.2. U.S. Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.5. Canada
        • 7.2.5.1. Canada Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.5.2. Canada Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.2.6. Mexico
        • 7.2.6.1. Mexico Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.2.6.2. Mexico Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Hydrocarbon Sulvents Market Revenue 2016 – 2026 (USD Million)
      • 7.3.2. Europe Hydrocarbon Sulvents Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.3.3. Europe Hydrocarbon Sulvents Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. UK Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.4.2. UK Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.5.2. France Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.6.2. Germany Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.7. Italy
        • 7.3.7.1. Italy Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.7.2. Italy Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.8. Spain
        • 7.3.8.1. Spain Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.8.2. Spain Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.9. Russia
        • 7.3.9.1. Russia Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.9.2. Russia Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.3.10.2. Rest of Europe Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Hydrocarbon Sulvents Market Revenue 2016 – 2026 (USD Million)
      • 7.4.2. Asia Pacific Hydrocarbon Sulvents Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.4.3. Asia Pacific Hydrocarbon Sulvents Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.4.2. China Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.5.2. Japan Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.6. India
        • 7.4.6.1. India Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.6.2. India Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.7. Australia
        • 7.4.7.1. Australia Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.7.2. Australia Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.8.2. South Korea Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.4.9. Rest of Asia Pacific
        • 7.4.9.1. Rest of Asia Pacific Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.4.9.2. Rest of Asia Pacific Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Hydrocarbon Sulvents Market Revenue 2016 – 2026 (USD Million)
      • 7.5.2. Latin America Hydrocarbon Sulvents Market Revenue, By Type, 2016 – 2026 (USD Million)
      • 7.5.3. Latin America Hydrocarbon Sulvents Market Revenue, By Application, 2016 – 2026 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.4.2. Brazil Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.5. Argentina
        • 7.5.5.1. Argentina Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.5.2. Argentina Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.5.6. Rest of Latin America
        • 7.5.6.1. Rest of Latin America Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.5.6.2. Rest of Latin America Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
    • 7.6. Middle East & Africa
      • 7.6.1. Middle East & Africa Hydrocarbon Sulvents Market Revenue 2016 – 2026 (USD Million)
      • 7.6.2. Middle East & Africa Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
      • 7.6.3. Middle East & Africa Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.4. GCC Countries
        • 7.6.4.1. GCC Countries Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.6.4.2. GCC Countries Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.5. South Africa
        • 7.6.5.1. South Africa Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.6.5.2. South Africa Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
      • 7.6.6. Rest of MEA
        • 7.6.6.1. Rest of MEA Hydrocarbon Sulvents Market Revenue, by Type, 2016 – 2026 (USD Million)
        • 7.6.6.2. Rest of MEA Hydrocarbon Sulvents Market Revenue, by Application, 2016 – 2026 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Sinopec
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product portfulio
      • 8.1.4. Business strategy
      • 8.1.5. Recent developments
    • 8.2. *Same information will be provided for below mentioned companies*
      • 8.2.1. Sasul Sulvents
      • 8.2.2. Chevron Corporation
      • 8.2.3. Exxon Mobil Corporation
      • 8.2.4. Eastman Chemical Company
      • 8.2.5. Ashland
      • 8.2.6. Reliance Industries Limited
      • 8.2.7. DowDuPont, Inc.
      • 8.2.8. Formosa Petrochemical Corporation
      • 8.2.9. Royal Dutch Shell
      • 8.2.10. BP Plc
      • 8.2.11. Engen Petruleum Ltd.
      • 8.2.12. Others

Methodology


Frequently Asked Questions

When industrial cleaning sessions do not favor aqueous cleaning, chemical cleaning is the best choice and hydrocarbons are preferred over other solvents due to its efficiency and protection, compared to other solvents.

The degreasing ability of hydrocarbons is high and is capable of handling high volumes of oil.

The deliver results that do not require monitoring; since the standards for hydrocarbon solvents are set, the uncertainty in the cleaning process never prevails and the cleaning process is complete.

Hydrocarbon solvents leave the industrial equipment completely dry, whether they are blind holes or passages. This is a much-desired function that keeps you away from stress because of the moisture left behind and the cost of getting rid of it.

Hydrocarbon solvents do not raise incompatible issues and leave no way for discoloration or scorching. Moreover, they are used to control corrosion in metalworking plants.

It does not take much energy to heat the cleaning hydrocarbon solvent and there is no burden for disposal responsibility.

The aromatic content is very low and provides a healthy and relaxed working atmosphere without causing any health issues. Exxsol D60, Exxsol D80, Isopar series such as Isopar H, Isopar L etc. are outstanding industrial cleaners.

According to Zion Market Research, the Hydrocarbon Solvents market is expected to generate revenue of around USD 8,558.5 Million by the end of 2026, growing at a CAGR of 4.5%.

By Geography, the hydrocarbon solvents market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

In terms of volume, Asia Pacific retained a significant share of the global market for hydrocarbon solvents in 2019. It is the world's leading manufacturer and user of hydrocarbon solvents. The market for hydrocarbon solvents is expected to grow faster in Asia Pacific than in other regions. This can be due to an increase in demand for hydrocarbon solvents in developing economies such as India and China.

North America has seen a rapid rise in demand for hydrocarbon solvents in recent years. The United states is expected to generate lucrative prospects for the demand for hydrocarbon solvents in the coming years, due to the growth of the country's automotive, construction, and paint & coating industries. The market in Canada is projected to accelerate at a steady pace during the forecast period, due to the presence of small and medium-sized producers across the country.

The major players in the global hydrocarbon solvents market include Sinopec, Sasol Solvents, Chevron Corporation, Exxon Mobil Corporation, Eastman Chemical Company, Ashland, Reliance Industries Limited, DowDuPont, Inc., Formosa Petrochemical Corporation, Royal Dutch Shell, BP Plc, and Engen Petroleum Ltd. among others. 

Office Address

Corporate Office
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office
3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #
US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Accept

We have secured system to process your transaction.


We Are On Social