Precision Business Insights has published a report on the global hydrocarbon solvents market, estimating its value at USD 7.64 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 3.0% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-hydrocarbon-solvents-market
The hydrocarbon solvents market refers to the global production, distribution, and use of organic solvents generated from petroleum-based hydrocarbons. These solvents, which are predominantly aliphatic, aromatic, or paraffinic in nature, are widely utilized in sectors such as paints & coatings, adhesives, printing inks, medicines, and agrochemicals because of their superior solvency, volatility, and cost-effectiveness.
Drivers:
Rapid growth in construction and automotive sectors fuels demand for paints, coatings, and adhesives, which rely heavily on hydrocarbon solvents.
Increasing use of hydrocarbon solvents in drug formulation and extraction processes boosts market growth.
The global hydrocarbon solvents market segmentation:
1) By Type: Aliphatic, Aromatic
2) By Application: Paints & Coatings, Cleaning & Degreasing, Printing Inks, Rubbers & Polymers, Adhesives, Aerosols, Agriculture Chemicals, Pharmaceuticals, Others
Request sample report at https://www.precisionbusinessinsights.com/request-sample/?product_id=35229
Regional Overview:
The report also examines the current concerns and their Future Effects on the hydrocarbon solvents market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the hydrocarbon solvents market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
North America (U.S., Canada)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Total S.A., ExxonMobil Corporation, Royal Dutch Shell, DowDuPont, Inc., Sinopec, Ashland Inc, BP Plc, Reliance Industries Limited, Sasol Solvents, Engen Petroleum Ltd.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
- bomma's blog
- Log in or register to post comments