Global Hydrocarbon Solvents Market – Industry Trends and Forecast to 2031

Análise e dimensão do mercado de solventes de hidrocarbonetos

O mercado global de solventes de hidrocarbonetos desempenha papéis fundamentais em todas as indústrias, servindo como agentes de limpeza eficazes devido às suas boas propriedades de solubilidade. A sua importância reside na facilitação dos processos de fabrico, principalmente de revestimentos, colas e produtos farmacêuticos. Como solventes multiusos, contribuem significativamente para as operações industriais, garantindo uma produção e processos eficientes, ao mesmo tempo que cumprem os rigorosos padrões de qualidade e requisitos regulamentares.

A Data Bridge Market Research analisa que o mercado global de solventes de hidrocarbonetos, que foi de 10,74 mil milhões de dólares em 2023, deverá atingir os 14,93 mil milhões de dólares até 2031, crescendo a um CAGR de 4,20% durante o período de previsão de 2024 a 2031. Além do conhecimento sobre cenários de mercado, tais como valor de mercado, taxa de crescimento, segmentação, cobertura geográfica e grandes players, os relatórios de mercado com curadoria da Data Bridge Market Research também incluem análises especializadas aprofundadas, produção e capacidade da empresa representada geograficamente, layouts de rede de distribuidores e parceiros, análise detalhada e atualizada das tendências de preços e análise do défice da cadeia de abastecimento e da procura.

Âmbito do relatório e segmentação de mercado

Definição de mercado

Os solventes de hidrocarbonetos são compostos orgânicos que consistem em átomos de hidrogénio e carbono ligados entre si. Constituem a base de combustíveis fósseis, como o petróleo e o gás natural, e de vários compostos orgânicos. Os hidrocarbonetos podem ser classificados como alifáticos ou aromáticos e servem como componentes essenciais em combustíveis, solventes e produtos químicos.

Dinâmica global do mercado de solventes de hidrocarbonetos

Motoristas

• Aumento da procura de solventes de hidrocarbonetos nas indústrias de construção

À medida que a indústria da construção cresce, há uma procura crescente de solventes de hidrocarbonetos, particularmente em tintas. Os solventes hidrocarbonetos são componentes integrais nas formulações das tintas, auxiliando na dispersão do pigmento e no controlo da viscosidade. Além disso, servem como ingredientes essenciais em selantes e adesivos, garantindo ligações fortes e propriedades de vedação eficazes nos materiais de construção. O crescimento do setor necessita de soluções solventes fiáveis ​​e eficientes, posicionando os solventes de hidrocarbonetos como componentes essenciais em aplicações de construção em todo o mundo, o que impulsiona o crescimento do mercado.

•  Aumento do uso de solventes hidrocarbonetos em formulações de medicamentos

Os solventes hidrocarbonetos são cruciais no setor da saúde para diversos fins. Facilitam as formulações dos medicamentos dissolvendo os ingredientes ativos e garantindo uma distribuição uniforme. Além disso, os solventes de hidrocarbonetos auxiliam nos processos de extração, ajudando no isolamento de compostos de fontes naturais ou na purificação de substâncias. Além disso, desempenham um papel vital na esterilização e na manutenção de padrões de higiene rigorosos na produção farmacêutica. A eficácia dos solventes de hidrocarbonetos torna-os indispensáveis ​​em diversas facetas da produção de medicamentos, o que impulsiona o crescimento do mercado.

Oportunidades

• Os avanços nas formações de solventes visam melhorar o desempenho

Os recentes avanços tecnológicos transformam as preparações de solventes de hidrocarbonetos e os processos de produção, elevando a sua eficiência e sustentabilidade. As inovações centram-se na redução do impacto ambiental através da reciclagem de solventes, minimização de resíduos e desenvolvimento de alternativas de base biológica. Além disso, os avanços nas formações de solventes visam melhorar o desempenho. Estes desenvolvimentos significam uma mudança crucial em direcção a práticas ecológicas e reforçam o papel dos solventes de hidrocarbonetos em aplicações industriais sustentáveis.

• Aumento da procura no setor das energias renováveis

Hydrocarbon solvents contribute significantly to the renewable energy sector, particularly in the production of solar panels and batteries. In solar panel manufacturing, solvents are used in the deposition of various layers, ensuring correct performance and longevity. Similarly, in battery manufacturing, solvents aid in electrode fabrication and electrolyte preparation, enhancing battery efficiency and durability. As renewable energy technologies continue to expand, the demand for hydrocarbon solvents is expected to grow, driving market expansion.

 Restraints/Challenges

• Market Volatility and Fluctuations in Crude Oil Prices

Crude oil is the main raw material for the manufacturing of hydrocarbon solvents. Therefore, any fluctuations or instability in crude oil prices can directly affect the cost of production and, subsequently, the pricing and profitability of hydrocarbon solvents. Crude oil prices are influenced by a variety of factors, including geopolitical tensions, global supply and demand dynamics, production quotas set by oil-producing nations, and macroeconomic conditions. These factors can lead to significant price volatility in the crude oil market, making it challenging hydrocarbon solvent manufacturers to predict and manage their production costs effectively.

• Demanding Performance Criteria Limit Specialized Applications 

Certain hydrocarbon solvents may not meet the stringent performance criteria required for specialized applications, thereby restricting their utility. For instance, solvents used in high-precision industries such as electronics or aerospace must exhibit precise properties such as low residue, high purity, or specific evaporation rates. Solvents failing to meet these benchmarks may be unsuitable, limiting their applicability.

This global hydrocarbon solvents market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global hydrocarbon solvents market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In April 2023, Adnoc Distribution, the U.A.E's primary petroleum and retail distributor, has announced plans to invest around USD 186 million for a 50% stake in TotalEnergies Marketing Egypt. This strategic move not only strengthens Adnoc's regional foothold but also fosters collaboration by supplying white spirit to TotalEnergies, potentially boosting market share and enhancing competitiveness among market players
• In November 2021, Merck introduced eco-friendly solvents for semiconductor photolithography. These solvents mitigate environmental impact, reflecting the industry's growing commitment to sustainability. Merck's innovation aligns with the trend of adopting eco-conscious practices in semiconductor manufacturing. This advancement underscores a positive shift towards greener solutions, promoting sustainability which is boosting the market growth
• In May 2020, Chevron Corporation acquired Noble Energy, Inc., merging Noble's unique assets with Chevron's extensive portfolio. This integration strengthens Chevron's market position, enhancing operational efficiency and diversification. The acquisition promises significant synergies, driving innovation and boosting competitiveness within the energy sector, thereby benefiting stakeholders and fostering market growth

Global Hydrocarbon Solvents Market Scope

The global hydrocarbon solvents market is segmented into two notable segments which are based on type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Aliphatic
• Aromatic
• Mineral Spirits
• Heptane
• Hexane
• Others

 Application

• Paints and Coatings
• Cleaning and Degreasing
• Printing Inks
• Rubbers and Polymers
• Adhesives
• Aerosols
• Agriculture Chemicals
• Pharmaceuticals
• Others

Global Hydrocarbon Solvents Market Regional Analysis/Insights

The global hydrocarbon solvents market is analyzed and market size insights and trends are provided by type and application as referenced above.

The countries covered in the global hydrocarbon solvents market report are U.S., Canada, and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

North America dominates the global hydrocarbon solvents market due to escalating demand from diverse end-use sectors and the robust presence of key industry players within the region. The heightened demand stems from industries such as chemicals, paints and coatings, and pharmaceuticals.

Asia-Pacific is expected to be the fastest-growing global hydrocarbon solvents market due to heightened demand from pesticide and agricultural chemical manufacturers. Emerging economies in the region boast a robust presence of major industry players, fostering market expansion.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Hydrocarbon Solvents Market Share Analysis

The global hydrocarbon solvents market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global hydrocarbon solvents market.

Some of the major players operating in the global hydrocarbon solvents market are:

• TotalEnergies (U.S.)
• Exxon Mobil Corporation (U.S.)
• Royal Dutch Shell Plc (U.S.)
• TOP SOLVENT CO., LTD. (South Corea)
•  JunyuanPetroleumGroup (China)
•  China Petrochemical Corporation. (China)
•  LANXESS (Germany)
•  Avani Petrochem. (India)
•  Gandhar Oil Refinery (India)
•  Lyondellbasell Industries Holdings B.V. (Netherlands)
• ashland (U.S.)
•  KTC Chemical (South Korea)
• SBC Industries (South Korea)
•  Bayer AG (Germany)
• Mehta Petro Refineries Limited. (India)
• Reliance Industries Limited. (India)
•  Sasol( South Africa)
•  NewAge Industrial Oil Pvt. Ltd. (India)
• ENGEN PETROLEUM LTD. (South Africa)

SKU-58765