Global Solvent Naphtha Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Solvent Naphtha market:
The latest research study on the global Solvent Naphtha market finds that the global Solvent Naphtha market reached a value of USD 7661.24 million in 2022. It’s expected that the market will achieve USD 9500.01 million by 2028, exhibiting a CAGR of 3.65% during the forecast period.

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 cleaning compounds; pesticides; degreasing formulations; and household products.

Increasing demand in global market
With the large downstream fields and increasing demand of downstream products, the global solvent naphtha market will keep a steady growth in next years.

Innovation of manufacturing process
With the more and more strict government regulation, the innovation of solvent naphtha’s manufacturing process is a major trend and opportunity in the future. And the manufacturing process should develop to eco-friendly and saving cost.

Environment Pollution
The production of solvent naphtha will pollute the environment of local area. The manufacturing process of Solvent Naphtha releases a number of different chemicals into the atmosphere and a notable odor normally accompanies the presence of a refinery. Aside from air pollution impacts there are also wastewater concerns, risks of industrial accidents such as fire and explosion, and noise Health effects due to industrial noise.

More strict government regulation
The government has released more and more strict regulations for these manufacturing companies and refineries. It requires more eco-friendly manufacturing process with better equipment and higher cost.

Region Overview:
In global comparison, a significant portion of the revenue was generated in United States (27.02% in 2022).

Company Overview:
Shell is one of the major players operating in the Solvent Naphtha market, holding a share of 8.79% in 2023.

Shell
Royal Dutch Shell plc explores for crude oil and natural gas worldwide. It explores for and extracts crude oil, natural gas, and natural gas liquids. The company also liquefies gas; converts natural gas to liquids to provide fuels and other products; markets and transports oil and gas; and extracts bitumen from mined oil sands and converts it to synthetic crude oil.

Exxon Mobil Corporation
The company manufactures petroleum products. Manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene, and polypropylene plastics, as well as various specialty products; produces transportation fuels, such as marine gasoil and diesel; and transports and sells crude oil, natural gas, and petroleum products. Exxon Mobil Corporation was founded in 1870 and is headquartered in Irving, Texas.

Segmentation Overview:
By type, Paraffin Solvent segment accounted for the largest share of market in 2022.

Application Overview:
By application, the Paints & Coatings segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Solvent Naphtha market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Solvent Naphtha market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Solvent Naphtha and its sub-markets in an intuitive way.

Key Companies in the global Solvent Naphtha market covered in Chapter 3:
Jiangsu Hualun
Reliance
BP
Suzhou Jiutai Group
Idemitsu
Neste
ExxonMobil
Chevron Phillips
Citgo
Total
Ganga Rasayanie
JX Nippon Oil & Energy
SK
Gulf Chemicals and Industrial Oils
Sinopec
Calumet
CPC Corporation
Shell
CEPSA
CNPC

In Chapter 4 and Chapter 14.2, on the basis of types, the Solvent Naphtha market from 2018 to 2029 is primarily split into:
Paraffin Solvent
CycloParaffin Solvent
C9 Solvent
C10 Solvent
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Solvent Naphtha market from 2018 to 2029 covers:
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Industrial Cleaning
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Solvent Naphtha market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions