Solvent Naphtha Market present size, share, Challenges and Future Growth Forecast To 2024

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The Global Solvent Naphtha Market report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement and governing factors in the market.

Solvent Naphtha Market competition by top manufacturers/ Key player/ Economy by Business Leaders: 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….. And More……

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Overview of the Solvent Naphtha 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.

Major classifications are as follows:

  • Paraffin Solvent
  • CycloParaffin Solvent
  • C9 Solvent
  • C10 Solvent
  • Other

    Major applications are as follows:

  • Paints & Coatings
  • Agro Chemicals
  • Rubber & Resin
  • Printing Inks
  • Industrial Cleaning
  • Other

    The scope of the Solvent Naphtha Market Report: 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.The worldwide market for Solvent Naphtha is expected to grow at a CAGR of roughly 5.1% over the next five years, will reach 9710 million US$ in 2024, from 7200 million US$ in 2019.This report focuses on the Solvent Naphtha in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

    Solvent Naphtha Market Segment by Regions, regional analysis covers

    • North America (the USA, Canada, and Mexico)
    • Europe (Germany, France, UK, Russia, and Italy)
    • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
    • South America (Brazil, Argentina, Columbia etc.)
    • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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    The main points are described in details which are covered in this Market Report: –

    Market Overview: Scope & Product Overview, Classification of Solvent Naphtha by Product Category (Market Size (Sales), Market Share Comparison by Type (Product Category)), Solvent Naphtha Market by Application/End Users (Sales (Volume) and Market Share Comparison by Application), Market by Region (Market Size (Value) Comparison by Region, Status and Prospect (2018-2023)).

    Solvent Naphtha Market by Competition by Players/Suppliers, Type, and Application: Competition by Players/Suppliers, Region, Types & Applications (Sales and Market Share, Revenue and Share Volume and Value)

    Solvent Naphtha Players/Suppliers Profiles and Sales Data: Company, Company Basic Information, Manufacturing Base and Competitors, Product Category, Application and Specification with Sales, Revenue, Price and Gross Margin, Main Business/Business Overview.

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    Solvent Naphtha Market by Manufacturing Cost Analysis: Key Raw Materials Analysis, Price Trend of Key Raw Materials, Key Suppliers of Raw Materials, Market Concentration Rate of Raw Materials, Proportion of Manufacturing Cost Structure (Raw Materials, Labour Cost), Manufacturing Process Analysis

    Industrial Chain, Sourcing Strategy and Downstream Buyers: Industrial Chain Analysis, Upstream Raw Materials Sourcing, Raw Materials Sources, Downstream Buyers

    Marketing Strategy Analysis, Distributors/Traders: Marketing Channel (Direct & Indirect Marketing), Marketing Channel Development Trend, Market Positioning (Pricing Strategy, Brand Strategy, Target Client), Distributors/Traders List