Global Isoparaffin Solvents Market Growth | USD 5.3 Billion by 2029 | Leading: ExxonMobil Chemical
Isoparaffin Solvents Market Expected to Reach USD 5.3 Billion by 2029 at a CAGR of 4.06%
The global isoparaffin solvents market is expected to reach USD 5.3 billion by 2029, exhibiting a CAGR of 4.06% during the forecast period (2023-2029), according to a new report by Maximize Market Research, a leading global market research firm.
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Market Overview
The isoparaffin solvents market is driven by the increasing demand for these solvents in various applications such as paints & coatings, industrial cleaning, metal working fluids, and adhesives & sealants. Isoparaffin solvents are preferred over traditional solvents due to their low toxicity, high solvency, and excellent chemical stability.
Market Scope
The report provides comprehensive data and analysis on the global isoparaffin solvents market, covering key market trends, regional insights, segmentation by product type and application, and a forecast till 2030. It also analyzes the impact of COVID-19 on the market and its subsequent recovery.
Segmentation
The isoparaffin solvents market is segmented by product type (C4-C8, C9-C11, C12, C13-C14, C15<) and application (paints & coatings, industrial cleaning, metal working fluids, adhesives & sealants, polymerization, agrochemical, pharma and personal care products, and others).
Regional Analysis
The Asia Pacific region is expected to dominate the isoparaffin solvents market during the forecast period due to the increasing demand from various end-use industries in the region.
Key Players
- ExxonMobil Chemical
- Emerson
- Synchrony
- Braskem
- Chevron Phillips Chemical Company
- Total S.A
- Idemitsu
- Shell Chemicals
- Maruzen Petrochemical CO., LTD
- Fuji Electric
- INEOS
- RB Products, Braskem
- Meidensha
- Jing-Jin Electric
- Mehta Petro Refineries Limited
- Idemitsu Kosan Co. Ltd
- Royal Dutch Shell Chemicals
- Nidec
- Luan Group
- Neste Oyj
Key Questions Answered
The report answers key questions about the isoparaffin solvents market, including:
- What is the current and future size of the global isoparaffin solvents market?
- What are the major growth drivers and challenges in the market?
- Which region is expected to hold the largest market share?
- Who are the key players in the market?
- What are the latest trends in the market?
Key Offerings
- Market share, size, and forecast by revenue (2024-2030)
- Market dynamics – growth drivers, restraints, opportunities, and key trends
- Market segmentation analysis
- Competitive landscape – leading players and other prominent vendors
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