Amit K
South Korea Solvent Naphtha Market Set to Register healthy CAGR During 2021-2025
Overview Of Solvent Naphtha Industry 2021-2025:
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
The Solvent Naphtha Market Report a detailed study of different aspects of the Global Market. Solvent naphtha, which are composed of a mixture of hydrocarbons, are used in a variety of application areas and are incorporated in great number of formulated chemical products, including: architectural paints and protective coatings; printing inks and printing press cleaners; other cleaing compounds; pesticides; degreasing formulations; and household products. Solvent naphtha is a general term as each refinery produces its own naphtha with unique initial and final boiling points and other physical and composition characteristics.
USA is the leading supplier of solvent naphtha, the production of which reached 1817 K MT in 2017, accounting for about 24.71% of the total global market. China, Europe, and Northeast Asia are also important supply region of solvent. Generally, the supply and demand of solvent naphtha has been stable in the global market, despite the dramatic decrease of supply in China. Despite the global economic recovery and the improvement in downstream demand, the China solvent naphtha industry is still overcapacity. And the increasingly stricter environment requirement and higher consumption tax also restrict the development of the industry. Some companies were forced to cut back production even close down some manufacturing bases. Sinopec and CNPC has sharply decreased the supply volume of solvent naphtha during the past 5 years.
The top players cover Shell, ExxonMobil, Total, Chevron Phillips and SK etc., which are playing important roles in global Solvent Naphtha market. The Top 3 players in global market was 30.53% in 2017, while the share of top 5 players was 38.24%. The market is fragmented, also each company owns a broad product portfolio. Except policy affect, downstream demand is the key influence factor to the market.
Paints & Coatings accounted for the largest market with about 27.51% of the global consumption for solvent naphtha in 2017. Moreover, it is anticipated to grow at a CAGR of 3.69% during the forecast period. With over 16.56% share of in the solvent naphtha market, Rubber & Resin was the second largest application market in 2017, and is anticipated to grow at a CAGR of 4.14%, in terms of consumption, during the forecast period.
In recent years, sharp fluctuations of oil prices on the international market have affected the development of the world economy. Under the influence of raw material, market competitions and economic conditions, the price of solvent naphtha is also unstable. In the next few years, we predict that price will increase as the cost of crude oil has been hiking. As competition intensifies, prices gap between different brands will go narrowing.
It shows the steady growth in market in spite of the fluctuations and changing market trends. The report is based on certain important parameters.
The Top key vendors in Solvent Naphtha Market include are:- Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet, Idemitsu, BP, Dow, Citgo, Reliance, KAPCO, Mitsubishi, CEPSA, Ganga Rasayanie, JX Nippon Oil & Energy, Neste, CPC Corporation, Gulf Chemicals and Industrial Oils, Sinopec, CNPC, Jiangsu Hualun, Changshu Alliance Chemical, Suzhou Jiutai Group
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This research report categorizes the global Solvent Naphtha market by top players/brands, region, type and end user. This report also studies the global Solvent Naphtha market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
Major Product Types covered are:
Paraffin Solvent
CycloParaffin Solvent
C9 Solvent
C10 Solvent
Other
Major Applications of Solvent Naphtha covered are:
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Industrial Cleaning
Other
Region wise performance of the Solvent Naphtha industry
This report studies the global Solvent Naphtha market status and forecast, categorizes the global Cable Conduits market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
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The study objectives of this report are:
- Focuses on the key global Solvent Naphtha companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
- To project the value and sales volume of Solvent Naphtha submarkets, with respect to key regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To study and analyze the global Solvent Naphtha market size (value & volume) by company, key regions, products and end user, breakdown data from Last Five Years, and forecast to 2025.
- To understand the structure of Solvent Naphtha market by identifying its various sub segments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Scope of the Report:-
The report scope combines a detailed research of Global Solvent Naphtha Market 2021 with the apprehension given in the advancement of the industry in certain regions.
The Top Companies Report is designed to contribute our buyers with a snapshot of the industry’s most influential players. Besides, information on the performance of different companies, profit, gross margin, strategic initiative and more are presented through various resources such as tables, charts, and info graphic.
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