logo

Special Boiling Point Solvents Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Solvent Base (Petroleum Ether, Rubber Solvent, and VM and P Naphtha), Application (Paints, Coatings, and Inks, Adhesives, Rubbers and Tires, Resins, Cleaning Agents, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)

Home Industry Reports Chemicals & Materials Special Boiling Point Solvents Market - Growth, Trends, COVID-19 Impact, and For ...

Market Snapshot

special boiling point solvents market
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

<3 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The special boiling point solvents market is expected to witness moderate growth, at an estimated CAGR of 3%, over the forecast period. One of the major factors driving the market is the rising demand for paints and coatings in various industries. A surging adhesives market and demand from the rubber industry are also expected to drive the market.

  • Environmental concerns, issues regarding health and safety, and the rising popularity of water as a solvent are anticipated to hinder the growth of the market studied.
  • Asia-Pacific accounted for the largest share of around 40%. The region is also expected to be registering the fastest CAGR over the forecast period.

Scope of the Report

The scope of the special boiling point solvents market report includes:

Solvent Base
Petroleum Ether
Rubber Solvent
VM and P Naphtha
Application
Paints, Coatings, and Inks
Adhesives
Rubbers and Tires
Resins
Cleaning Agents
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa (MEA)
Saudi Arabia
South Africa
Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Rising Demand for Paints and Coatings

  • Special boiling point solvents are used in paints & coatings formulations to dissolve other compounds, such as pigments, binders, additives, etc.,
  • After the paint is applied on any surface, these solvents evaporate, and hence, allows the resin & pigment to produce a film of paint on the surface and to dry very quickly. These solvents are essential in coating formulations, as they control viscosity of paints, and have a strong effect on film quality, which is majorly dependent on the solvents’ rate of evaporation during drying period.
  • Solvent-borne paints, also called as oil-based paints, can have various combinations of solvents, as a diluent, including aliphatic, aromatics, alcohols, ketones, and white spirit. These include organic solvents, such as petroleum distillate, esters, and glycol ether.
  • Solvent-borne paints are manufactured by using liquefying agents that evaporate during a chemical reaction with oxygen. The air surrounding a solvent-borne coating helps to speed up the reaction, thereby reducing the drying time.
  • Solvent-borne coatings are less susceptible to environmental conditions, such as temperature and humidity, during the curing phase, as compared to water-based coatings. This is one of the reasons for the rising preference of solvent-based coatings.
  • Asia-Pacific is one of the fastest-growing markets for paints and coatings, due to rapid growth in decorative and industrial coatings.
Special Boiling Point Solvents Revenue Share

To understand key trends, Download Sample Report

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share. Special boiling point solvents are used to provide long-lasting protection and brilliant performance in extreme weather conditions to paints and coatings.
  • Currently, China produces more than half of the Asia-Pacific coatings and is home to more than 10,000 paint companies, among which, local producers occupy more than half of the domestic paint market share.
  • The coatings market is growing at a high rate in China, with increasing downstream demand. The booming construction and automotive industries are likely to propel the market for paints and coatings, which, in turn, is expected to drive the special boiling point solvents, during the forecast period.
  • Due to insufficient environmental protection measurements, many medium and small-sized coatings manufacturers are shutting down their facilities in China, which is likely to hinder the market growth.
  • However, the increased investment in the coating industry from giant companies is likely to stimulate the market in China.
  • All the aforementioned factors may contribute to the growth of the market in the Asia-Pacific region.
Special Boiling Point Solvents Regional Trends

To understand geography trends, Download Sample Report

Competitive Landscape

The special boiling point solvents market is consolidated and is focused on research and innovation. Major players of the market are Royal Dutch Shell PLC, ExxonMobil Chemical, Total SA, HCS Group GmbH., DHC Solvent Chemie GmbH, etc.

special boiling point solvents market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Global Demand for Paints and Coatings

      2. 4.1.2 Strong Adhesive Market

      3. 4.1.3 Rising Demand from the Rubber Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations on VOCs

      2. 4.2.2 Rising Popularity of Water as a Solvent

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Solvent Base

      1. 5.1.1 Petroleum Ether

      2. 5.1.2 Rubber Solvent

      3. 5.1.3 VM and P Naphtha

    2. 5.2 Application

      1. 5.2.1 Paints, Coatings, and Inks

      2. 5.2.2 Adhesives

      3. 5.2.3 Rubbers and Tires

      4. 5.2.4 Resins

      5. 5.2.5 Cleaning Agents

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa (MEA)

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Bajrang Petrochemicals

      2. 6.4.2 Banner Chemical Group

      3. 6.4.3 BASF SE

      4. 6.4.4 Bharat Petroleum Corporation Limited

      5. 6.4.5 Calumet Specialty Products Partners LP

      6. 6.4.6 CEPSA

      7. 6.4.7 DHC Solvent Chemie GmbH

      8. 6.4.8 HCS Group GmbH.

      9. 6.4.9 Exxonmobil Chemical

      10. 6.4.10 Ganga Rasayanie (P) Ltd

      11. 6.4.11 Royal Dutch Shell PLC

      12. 6.4.12 Total SA

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Special Boiling Point Solvents Market market is studied from 2016 - 2026.

The Special Boiling Point Solvents Market is growing at a CAGR of <3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

  • Royal Dutch Shell PLC
  • ExxonMobil Chemical
  • Total SA
  • HCS Group GmbH.
  • DHC Solvent Chemie GmbH

Are the major companies operating in Special Boiling Point Solvents Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!