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The global isoparaffin solvents market is expected to grow at a CAGR of 3.5% during the forecast period of 2024-2032.
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Rapid urbanisation and the widespread presence of the automobile industry in North America is primarily driving the growth of the isoparaffin solvents industry in the region. The rising awareness of maintaining personal care in countries such as the United States and Canada is aiding the further growth of the market in the North American region.
With a wide presence of the agrochemical industry in European regions, the demands for isoparaffin solvents are witnessing a rise in the region. Further, the burgeoning demand for isoparaffin solvents in developing regions has contributed significantly to the market growth. The rapid industrialisation in emerging economies like India and China is expected to drive the global isoparaffin solvents industry forward.
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Isoparaffin solvents refer to the branched-chain alkanes that are often used in the extraction, alkylation, and polymerisation processes. It is a synthetic solvent having a unique combination of flash point, evaporation rate, as well as boiling range. It is made by using a carefully controlled process condition and feedstocks, which give the resulting isoparaffin a consistent structure, composition, performance properties, and low impurities.
Based on type, the market is divided into:
Based on application, the market is categorised into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global isoparaffin solvents industry is gaining traction owing to the rising demand for better synthetic solvents and their applications in various end use industries. These solvents are used across industries like paints, pesticides, personal care products, pharmaceuticals, and others. The market is being driven by the favourable properties of isoparaffin solvents. They are valued for their superior cleaning efficiency, low odour, better solvency, and excellent safety profiles. The global isoparaffin solvents industry is expected to gain substantial revenues from the rising demand for polymerisation. Additionally, the growth in agricultural activities finds great use of isoparaffins, further aiding the market growth. However, the growth has somewhat dampened over the past few years owing to the high costs associated with the chemical.
The report gives a detailed analysis of the following key players in the global isoparaffin solvents market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter's five forces model, along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Isoparaffin Solvents Market Analysis
8.1 Key Industry Highlights
8.2 Global Isoparaffin Solvents Historical Market (2018-2023)
8.3 Global Isoparaffin Solvents Market Forecast (2024-2032)
8.4 Global Isoparaffin Solvents Market by Type
8.4.1 C4-C8
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 C9-C11
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 C12
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 C13-C14
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 C15<
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Isoparaffin Solvents Market by Application
8.5.1 Agrochemical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Metal Working
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Paints and Coatings
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Polymers
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Pharmaceuticals
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Personal Care
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Isoparaffin Solvents Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Isoparaffin Solvents Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Isoparaffin Solvents Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Isoparaffin Solvents Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Isoparaffin Solvents Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Isoparaffin Solvents Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Chevron Phillips Chemical Company
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Idemitsu Kosan Co. Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Exxon Mobil Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 TotalEnergies SE
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Royal Dutch Shell plc
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Braskem S.A.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Locations, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Isoparaffin Solvents Market: Key Industry Highlights, 2018 and 2032
2. Global Isoparaffin Solvents Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Isoparaffin Solvents Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Isoparaffin Solvents Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Isoparaffin Solvents Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Isoparaffin Solvents Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Isoparaffin Solvents Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Isoparaffin Solvents Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Isoparaffin Solvents Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Isoparaffin Solvents Market Structure
The market is projected to grow at a CAGR of 3.5% between 2024 and 2032.
The major drivers of the industry, such as the growing demand for better synthetic solvents, excellent properties of the product, and the growing agrochemical applications, are expected to aid the market growth.
The key trends guiding the growth of the market are the increasing usage of the product in industries and the rising demand for better synthetic solvents.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The leading product types in the industry are C4-C8, C9-C11, C12, C13-C14, and C15<, among others.
The major application sectors in the industry are agrochemicals, metal working, paints and coatings, polymers, pharmaceuticals, and personal care, among others.
The major players in the industry are Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, TotalEnergies SE, Royal Dutch Shell plc, and Braskem S.A., among others.
The global isoparaffin solvents market is being driven by increasing demands for organic food. Aided by a huge market of nutrition-conscious consumers, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 3.5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product type, the market is segmented into C4-C8, C9-C11, C12, C13-C14, and C15<, among others. Based on application, the industry is majorly divided into agrochemicals, metal working, paints and coatings, polymers, pharmaceuticals, and personal care, among others. The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd, Exxon Mobil Corporation, TotalEnergies SE, Royal Dutch Shell plc, and Braskem S.A., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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