Hydrocarbon Solvents Market Research Report – Forecast to 2030

Hydrocarbon Solvents Market Research Report, By Type (Aliphatic Naphtha, Mineral Sprit, Heptane, Hexane and Others) and Aromatic), By Application(Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubber & Polymer, Printing Inks, Pharmaceuticals, Agriculture Chemicals and Others) – Forecast to 2030

ID: MRFR/CnM/4685-CR | June, 2018 | Region : Global

1 Executive Summary




2 Market Introduction


2.1 Definition 19


2.2 Scope Of The Study 19


2.3 List Of Assumptions 20


2.4 Market Structure 20


3 Research Methodology


3.1 Research Process 22


3.2 Primary Research 23


3.3 Secondary Research 24


3.4 Market Size Estimation 24


3.5 Forecast Model 25


4 Market Dynamics


4.1 Introduction 27


4.2 Drivers 28


4.2.1 Robust Demand For Paints & Coatings 28


4.2.2 Rising Demand Of Rubbers & Polymers In Various End User Industries 29


4.2.3 High Demand From Emerging Economies Of Asia Pacific 30


4.3 Restraints 31


4.3.1 Increasing Penetration Of Water Base Over Solvent Base 31


4.3.2 Rising Preference For Bio-Based Solvents 32


4.4 Opportunities 32


4.4.1 Growth In Industrial Cleaning Applications 32


4.5 Market Trends 32


4.5.1 Increasing Use Of Aliphatic Over Aromatic Hydrocarbon Solvents 32


5 Market Factor Analysis


5.1 Supply Chain Analysis 34


5.1.1 Raw Material Suppliers 34


5.1.2 Hydrocarbon Solvents Producers 34


5.1.3 Distribution Channel 35


5.1.4 Application 35


5.2 Porter’s Five Forces Analysis 35


5.2.1 Threat Of New Entrants 36


5.2.2 Threat Of Rivalry 36


5.2.3 Threat Of Substitute 36


5.2.4 Bargaining Power Of Supplier 36


5.2.5 Bargaining Power Of Buyer 36


6 Global Hydrocarbon Solvents Market By Type


6.1 Introduction 38


6.2 Aliphatic 39


6.3 Aromatic 42


7 Global Hydrocarbon Solvents Market By Application


7.1 Introduction 44


7.2 Paints & Coatings 46


7.3 Cleaning & Degreasing 48


7.4 Printing Inks 49


7.5 Rubbers & Polymers 50


7.6 Adhesives 51


7.7 Aerosols 52


7.8 Agriculture Chemicals 53


7.9 Pharmaceuticals 54


7.10 Others 55


8 Global Hydrocarbon Solvents Market By Region


8.1 Introduction 57


8.2 North America 61


8.2.1 U.S. 65


8.2.2 Canada 68


8.3 Europe 71


8.3.1 Germany 74


8.3.2 Russia 77


8.3.3 UK 80


8.3.4 France 83


8.3.5 Spain 86


8.3.6 Rest Of Europe 89


8.4 Asia Pacific 92


8.4.1 China 96


8.4.2 India 99


8.4.3 South East Asia 102


8.4.4 Japan 105


8.4.5 Australia & New Zealand 108


8.4.6 Rest Of Asia Pacific 111


8.5 Latin America 114


8.5.1 Brazil 117


8.5.2 Mexico 120


8.5.3 Argentina 123


8.5.4 Rest Of Latin America 126


8.6 Middle East & Africa 129


8.6.1 Turkey 133


8.6.2 G.C.C. 136


8.6.3 North Africa 139


8.6.4 Israel 142


8.6.5 Rest Of Middle East & Africa 144


9 Competitive Landscape


9.1 Introduction 149


9.2 Market Development Analysis 149


10 Company Profiles


10.1 Total S.A. 152


10.1.1 Company Overview 152


10.1.2 Financial Overview 152


10.1.3 Products Offerings 153


10.1.4 SWOT Analysis 153


10.1.5 Key Strategy 153


10.2 ExxonMobil Corporation 154


10.2.1 Company Overview 154


10.2.2 Financial Overview 154


10.2.3 Products Offerings 155


10.2.4 Key Developments 155


10.2.5 SWOT Analysis 155


10.2.6 Key Strategy 155


10.3 Royal Dutch Shell 156


10.3.1 Company Overview 156


10.3.2 Financial Overview 156


10.3.3 Products Offerings 157


10.3.4 Key Developments 157


10.3.5 SWOT Analysis 158


10.3.6 Key Strategy 158


10.4 DowDuPont, Inc 159


10.4.1 Company Overview 159


10.4.2 Financial Overview 159


10.4.3 Products Offerings 160


10.4.4 SWOT Analysis 160


10.4.5 Key Strategy 160


10.5 Sinopec 161


10.5.1 Company Overview 161


10.5.2 Financial Overview 161


10.5.3 Products Offerings 162


10.5.4 SWOT Analysis 162


10.5.5 Key Strategy 162


10.6 Ashland Inc 163


10.6.1 Company Overview 163


10.6.2 Financial Overview 163


10.6.3 Products Offerings 164


10.6.4 SWOT Analysis 164


10.6.5 Key Strategy 164


10.7 BP Plc 165


10.7.1 Company Overview 165


10.7.2 Financial Overview 165


10.7.3 Products Offerings 166


10.7.4 SWOT Analysis 166


10.7.5 Key Strategy 166


10.8 Reliance Industries Limited 167


10.8.1 Company Overview 167


10.8.2 Financial Overview 167


10.8.3 Products Offerings 168


10.8.4 Key Developments 168


10.8.5 SWOT Analysis 168


10.8.6 Key Strategy 168


10.9 Sasol Solvents 169


10.9.1 Company Overview 169


10.9.2 Financial Overview 169


10.9.3 Products Offerings 170


10.9.4 SWOT Analysis 170


10.9.5 Key Strategy 170


10.10 Engen Petroleum Ltd 171


10.10.1 Company Overview 171


10.10.2 Financial Overview 171


10.10.3 Products Offerings 172


10.10.4 Key Developments 172


10.10.5 SWOT Analysis 172


10.10.6 Key Strategy 172


10.11 Lyondellbasell Industries Holdings B.V. 173


10.11.1 Company Overview 173


10.11.2 Products Offerings 174


10.11.3 Key Developments 174


10.11.4 SWOT Analysis 174


10.11.5 Key Strategy 174


10.12 Formosa Petrochemical Corporation 175


10.12.1 Company Overview 175


Financial Overview 175


10.12.2 Products Offerings 176


10.12.3 Key Developments 176


10.12.4 SWOT Analysis 176


10.12.5 Key Strategy 176


10.13 Honeywell International Inc. 177


10.13.1 Company Overview 177


10.13.2 Financial Overview 177


10.13.3 Products Offerings 178


10.13.4 Key Developments 178


10.13.5 SWOT Analysis 178


10.13.6 Key Strategy 178


10.14 Chevron Phillips Chemical 179


10.14.1 Company Overview 179


10.14.2 Financial Overview 179


10.14.3 Products Offerings 179


10.14.4 SWOT Analysis 180


10.14.5 Key Strategy 180


10.15 Celanese Corp. 181


10.15.1 Company Overview 181


10.15.2 Financial Overview 181


10.15.3 Products Offerings 182


10.15.4 Key Strategy 182


10.16 SK Global Chemicals Co., Ltd 183


10.16.1 Company Overview 183


10.16.2 Financial Overview 183


10.16.3 Products Offerings 184


10.16.4 Key Developments 184


10.16.5 SWOT Analysis 184


10.16.6 Key Strategy 184


10.17 China National Petroleum Corporation 185


10.17.1 Company Overview 185


10.17.2 Financial Overview 185


10.17.3 Products Offerings 185


10.17.4 SWOT Analysis 186


10.17.5 Key Strategy 186


11 Conclusion


11.1 Key Findings 188


11.1.1 CEO’s Viewpoint 188


12 List Of Tables


TABLE 1 LIST OF ASSUMPTIONS 20


TABLE 2 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 38


TABLE 3 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 39


TABLE 4 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (USD MILLION) 40


TABLE 5 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (THOUSAND TONS) 40


TABLE 6 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 41


TABLE 7 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 41


TABLE 8 GLOBAL AROMATIC HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (USD MILLION) 42


TABLE 9 GLOBAL AROMATIC HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (THOUSAND TONS) 42


TABLE 10 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45


TABLE 11 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 46


TABLE 12 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PAINTS & COATINGS, 2020-2027 (USD MILLION) 47


TABLE 13 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PAINTS & COATINGS, 2020-2027 (THOUSAND TONS) 47


TABLE 14 GLOBAL HYDROCARBON SOLVENTS MARKET FOR CLEANING & DEGREASING, 2020-2027 (USD MILLION) 48


TABLE 15 GLOBAL HYDROCARBON SOLVENTS MARKET FOR CLEANING & DEGREASING, 2020-2027 (THOUSAND TONS) 48


TABLE 16 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PRINTING INKS, 2020-2027 (USD MILLION) 49


TABLE 17 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PRINTING INKS, 2020-2027 (THOUSAND TONS) 49


TABLE 18 GLOBAL HYDROCARBON SOLVENTS MARKET FOR RUBBERS & POLYMERS, 2020-2027 (USD MILLION) 50


TABLE 19 GLOBAL HYDROCARBON SOLVENTS MARKET FOR RUBBERS & POLYMERS, 2020-2027 (THOUSAND TONS) 50


TABLE 20 GLOBAL HYDROCARBON SOLVENTS MARKET FOR ADHESIVES, 2020-2027 (USD MILLION) 51


TABLE 21 GLOBAL HYDROCARBON SOLVENTS MARKET FOR ADHESIVES, 2020-2027 (THOUSAND TONS) 51


TABLE 22 GLOBAL HYDROCARBON SOLVENTS MARKET FOR AEROSOLS, 2020-2027 (USD MILLION) 52


TABLE 23 GLOBAL HYDROCARBON SOLVENTS MARKET FOR AEROSOLS, 2020-2027 (THOUSAND TONS) 52


TABLE 24 GLOBAL HYDROCARBON SOLVENTS MARKET FOR AGRICULTURE CHEMICALS, 2020-2027 (USD MILLION) 53


TABLE 25 GLOBAL HYDROCARBON SOLVENTS MARKET FOR AGRICULTURE CHEMICALS, 2020-2027 (THOUSAND TONS) 53


TABLE 26 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PHARMACEUTICALS, 2020-2027 (USD MILLION) 54


TABLE 27 GLOBAL HYDROCARBON SOLVENTS MARKET FOR PHARMACEUTICALS, 2020-2027 (THOUSAND TONS) 54


TABLE 28 GLOBAL HYDROCARBON SOLVENTS MARKET FOR OTHERS, 2020-2027 (USD MILLION) 55


TABLE 29 GLOBAL HYDROCARBON SOLVENTS MARKET FOR OTHERS, 2020-2027 (THOUSAND TONS) 55


TABLE 30 GLOBAL HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (USD MILLION) 57


TABLE 31 GLOBAL HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (THOUSAND TONS) 58


TABLE 32 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 59


TABLE 33 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 59


TABLE 34 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 59


TABLE 35 GLOBAL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 60


TABLE 36 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60


TABLE 37 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 61


TABLE 38 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 61


TABLE 39 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (THOUSAND TONS) 62


TABLE 40 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 62


TABLE 41 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 62


TABLE 42 NORTH AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 63


TABLE 43 NORTH AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 63


TABLE 44 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64


TABLE 45 NORTH AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 64


TABLE 46 U.S. HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 65


TABLE 47 U.S. HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 65


TABLE 48 U.S. ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 66


TABLE 49 U.S. ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 66


TABLE 50 U.S. HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 67


TABLE 51 U.S. HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 67


TABLE 52 CANADA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 68


TABLE 53 CANADA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 68


TABLE 54 CANADA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 69


TABLE 55 CANADA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 69


TABLE 56 CANADA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 70


TABLE 57 CANADA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 70


TABLE 58 EUROPE HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 71


TABLE 59 EUROPE HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (THOUSAND TONS) 71


TABLE 60 EUROPE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 72


TABLE 61 EUROPE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 72


TABLE 62 EUROPE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 72


TABLE 63 EUROPE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 73


TABLE 64 EUROPE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73


TABLE 65 EUROPE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 74


TABLE 66 GERMANY HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 74


TABLE 67 GERMANY HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 75


TABLE 68 GERMANY ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 75


TABLE 69 GERMANY ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 75


TABLE 70 GERMANY HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 76


TABLE 71 GERMANY HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 77


TABLE 72 RUSSIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 77


TABLE 73 RUSSIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 78


TABLE 74 RUSSIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 78


TABLE 75 RUSSIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 78


TABLE 76 RUSSIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 79


TABLE 77 RUSSIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 80


TABLE 78 UK HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 80


TABLE 79 UK HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 81


TABLE 80 UK ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 81


TABLE 81 UK ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 81


TABLE 82 UK HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 82


TABLE 83 UK HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 83


TABLE 84 FRANCE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 83


TABLE 85 FRANCE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 84


TABLE 86 FRANCE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 84


TABLE 87 FRANCE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 84


TABLE 88 FRANCE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 85


TABLE 89 FRANCE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 86


TABLE 90 SPAIN HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 86


TABLE 91 SPAIN HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 87


TABLE 92 SPAIN ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 87


TABLE 93 SPAIN ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 87


TABLE 94 SPAIN HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 88


TABLE 95 SPAIN HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 89


TABLE 96 REST OF EUROPE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 89


TABLE 97 REST OF EUROPE HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 90


TABLE 98 REST OF EUROPE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 90


TABLE 99 REST OF EUROPE ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 90


TABLE 100 REST OF EUROPE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 91


TABLE 101 REST OF EUROPE HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 92


TABLE 102 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 92


TABLE 103 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (THOUSAND TONS) 93


TABLE 104 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 93


TABLE 105 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 93


TABLE 106 ASIA PACIFIC ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 94


TABLE 107 ASIA PACIFIC ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 94


TABLE 108 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 95


TABLE 109 ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 95


TABLE 110 CHINA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 96


TABLE 111 CHINA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 96


TABLE 112 CHINA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 97


TABLE 113 CHINA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 97


TABLE 114 CHINA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 98


TABLE 115 CHINA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 98


TABLE 116 INDIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 99


TABLE 117 INDIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 99


TABLE 118 INDIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 100


TABLE 119 INDIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 100


TABLE 120 INDIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 101


TABLE 121 INDIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 101


TABLE 122 SOUTH EAST ASIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 102


TABLE 123 SOUTH EAST ASIA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 102


TABLE 124 SOUTH EAST ASIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 103


TABLE 125 SOUTH EAST ASIA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 103


TABLE 126 SOUTH EAST ASIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 104


TABLE 127 SOUTH EAST ASIA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 104


TABLE 128 JAPAN HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 105


TABLE 129 JAPAN HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 105


TABLE 130 JAPAN ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 106


TABLE 131 JAPAN ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 106


TABLE 132 JAPAN HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 107


TABLE 133 JAPAN HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 107


TABLE 134 AUSTRALIA & NEW ZEALAND HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 108


TABLE 135 AUSTRALIA & NEW ZEALAND HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 108


TABLE 136 AUSTRALIA & NEW ZEALAND ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 109


TABLE 137 AUSTRALIA & NEW ZEALAND ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 109


TABLE 138 AUSTRALIA & NEW ZEALAND HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 110


TABLE 139 AUSTRALIA & NEW ZEALAND HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 110


TABLE 140 REST OF ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 111


TABLE 141 REST OF ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 111


TABLE 142 REST OF ASIA PACIFIC ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 112


TABLE 143 REST OF ASIA PACIFIC ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 112


TABLE 144 REST OF ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 113


TABLE 145 REST OF ASIA PACIFIC HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 113


TABLE 146 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 114


TABLE 147 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (THOUSAND TONS) 114


TABLE 148 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 115


TABLE 149 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 115


TABLE 150 LATIN AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 115


TABLE 151 LATIN AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 116


TABLE 152 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 116


TABLE 153 LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 117


TABLE 154 BRAZIL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 117


TABLE 155 BRAZIL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 118


TABLE 156 BRAZIL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 118


TABLE 157 BRAZIL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 118


TABLE 158 BRAZIL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 119


TABLE 159 BRAZIL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 120


TABLE 160 MEXICO HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 120


TABLE 161 MEXICO HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 121


TABLE 162 MEXICO ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 121


TABLE 163 MEXICO ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 121


TABLE 164 MEXICO HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 122


TABLE 165 MEXICO HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 123


TABLE 166 ARGENTINA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 123


TABLE 167 ARGENTINA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 124


TABLE 168 ARGENTINA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 124


TABLE 169 ARGENTINA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 124


TABLE 170 ARGENTINA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 125


TABLE 171 ARGENTINA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 126


TABLE 172 REST OF LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 126


TABLE 173 REST OF LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 127


TABLE 174 REST OF LATIN AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 127


TABLE 175 REST OF LATIN AMERICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 127


TABLE 176 REST OF LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 128


TABLE 177 REST OF LATIN AMERICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 129


TABLE 178 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 129


TABLE 179 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY COUNTRY, 2020-2027 (THOUSAND TONS) 130


TABLE 180 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 130


TABLE 181 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 130


TABLE 182 MIDDLE EAST & AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 131


TABLE 183 MIDDLE EAST & AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 131


TABLE 184 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 132


TABLE 185 MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 132


TABLE 186 TURKEY HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 133


TABLE 187 TURKEY HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 133


TABLE 188 TURKEY ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 134


TABLE 189 TURKEY ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 134


TABLE 190 TURKEY HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 135


TABLE 191 TURKEY HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 135


TABLE 192 G.C.C. HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 136


TABLE 193 G.C.C. HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 136


TABLE 194 G.C.C. ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 137


TABLE 195 G.C.C. ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 137


TABLE 196 G.C.C. HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 138


TABLE 197 G.C.C. HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 138


TABLE 198 NORTH AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 139


TABLE 199 NORTH AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 139


TABLE 200 NORTH AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 140


TABLE 201 NORTH AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 140


TABLE 202 NORTH AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 141


TABLE 203 NORTH AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 141


TABLE 204 ISRAEL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 142


TABLE 205 ISRAEL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 142


TABLE 206 ISRAEL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 142


TABLE 207 ISRAEL ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 143


TABLE 208 ISRAEL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 143


TABLE 209 ISRAEL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 144


TABLE 210 REST OF MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 144


TABLE 211 REST OF MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 145


TABLE 212 REST OF MIDDLE EAST & AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 145


TABLE 213 REST OF MIDDLE EAST & AFRICA ALIPHATIC HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 145


TABLE 214 REST OF MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 146


TABLE 215 REST OF MIDDLE EAST & AFRICA HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 147


TABLE 216 KEY DEVEOLOPEMENT OVERVIEW 149


13 List Of Figures


FIGURE 1 GLOBAL HYDROCARBON SOLVENTS MARKET: MARKET STRUCTURE 20


FIGURE 2 RESEARCH PROCESS OF MRFR 22


FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 25


FIGURE 4 MARKET DYNAMICS OVERVIEW 27


FIGURE 5 GLOBAL & PAINTS COATINGS MARKET FORECAST UP TO 2023 29


FIGURE 6 INDIAN SYNTHETIC RUBBER MANUFACTURING GROWTH 30


FIGURE 7 PAINTS & COATINGS DEMAND, BY COINTRY (% SHARE) 31


FIGURE 8 SUPPLY CHAIN ANALYSIS OF GLOBAL HYDROCARBON SOLVENTS MARKET 34


FIGURE 9 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL HYDROCARBON SOLVENTS MARKET 35


FIGURE 10 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (USD MILLION) 38


FIGURE 11 GLOBAL HYDROCARBON SOLVENTS MARKET, BY TYPE, 2020-2027 (THOUSAND TONS) 39


FIGURE 12 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44


FIGURE 13 GLOBAL HYDROCARBON SOLVENTS MARKET, BY APPLICATION, 2020-2027 (THOUSAND TONS) 45


FIGURE 14 GLOBAL HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (USD MILLION) 57


FIGURE 15 GLOBAL HYDROCARBON SOLVENTS MARKET, BY REGION, 2020-2027 (THOUSAND TONS) 58

Hydrocarbon Solvents Market

Global Hydrocarbon Solvents Market: Competitive Landscape


Some of the prominent players in the global hydrocarbon solvents market include Total S.A., ExxonMobil Corporation, Royal Dutch Shell, DowDuPont, Inc., Sinopec, Ashland Inc, BP Plc, Reliance Industries Limited, Sasol Solvents, and Engen Petroleum Ltd.


Among the aforementioned companies, Total S.A., ExxonMobil Corporation, Royal Dutch Shell, Sinopec, and BP Plc collectively account for the lion’s share of the markey. The global hydrocarbon solvents market is fragmented and is lacking a substantial presence of the established tier-1 companies. Asia Pacific and Europe remain the two most important markets for hydrocarbon solvent, and global players are focusing on these two regions for business expansion by building new petrochemical plants or by investing in solvents unit of local players. The industry players are adopting collective approaches such as acquisition and expansion to increase revenue and leverage the opportunities existing in the market due to presence of limited competition.


Exxon Mobil Corporation is one of the five leading players in this market. Exxon Mobil Corporation acquired world’s largest aromatics plant, i.e., Jurongs aromatics plant in August 2017. The acquired production facility is capable of producing 1.9 million tons of ethylene, which would complement Exxon Mobiles olefin production capacity. This acquisition is likely to complete company’s aromatic solvent business over the next three financial years.


In April 2017, Reliance Industries expanded paraxylene production to 4.3 million metric tons and benzene production to 1.4 million metric tons per year. With this expansion, overall benzene and paraxylene production capacity has reached 5.7 million metric tons per year. Reliance Industries is aiming to become a supplier of choice in Asia Pacific region, and the expansion has undertaken considering the predetermined vision.


Honeywell International Inc. specializes in sensing & security techniques, specialty chemicals, electronic & advanced materials, process technology for refining & petrochemicals, and energy efficient products & solutions for homes, business, and transportation. With a workforce of around 130,000, the company operates within the following segments: aerospace, performance materials & technologies, home & building technologies, and safety & productivity solutions. The company offers process solutions for automation control, instrumentation, advanced software, and services for the oil & gas, refining, chemicals & petrochemicals, biofuels, life sciences, and others.


British Petroleum operates as an integrated oil and gas company globally. The company is one of the world’s largest oil & gas organizations. It operates through two core business segments: upstream and downstream. The upstream segment deals with oil and natural gas exploration and production, and transportation activities. Whereas, the downstream segment includes refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services.


The company also has a stake in Rosneft, a a Russian integrated energycompany headquartered in the Russian capital of Moscow. Through Rosneft it engages in the production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway and offers jet fuel, bunkering, bitumen, and lubricants.


Sasol is a global leader in chemicals and energy based in South Africa and has operates across 33 countries. The company engages in the development and commercialization of technologies and operate world-scale facilities to offer a wide range of products including liquid fuels, chemicals, and low-carbon electricity. The company comprises business units namely mining & exploration, and production of oil & gas activities. The company focusses on its key strategies, some of which are expansion of business through the construction of new plants and facilities, technology up gradation in the field of coal mining, and focus on the chemicals business in the U.S. by leveraging existing technology.