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Special Boiling Point Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global special boiling point solvents market size reached US$ 2.53 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.46 Billion by 2027, exhibiting a growth rate (CAGR) of 5.20% during 2022-2027.

Special boiling point (SBP) solvents refer to fast and medium evaporating fluids manufactured from paraffinic and naphthenic hydrocarbons with very low aromatic contents. Petroleum ether, varnish makers and painters’ naphtha (VM & N), toluene, and rubber solvent are some of the common variants of SBP solvents. They are widely used as cleaning agents, extractants, auxiliaries, and degreasing agents. SBP solvents aid in controlling viscosity, film formation, and wetting pigments and substrates that help with dispersion and adhesion. They exhibit very low total aromatics and benzene content with virtually undetectable levels of polycyclic aromatics. As a result, SBP solvents find extensive applications across the paints and coatings, automotive, rubber, and cosmetics industries.

Special Boiling Point Solvents Market Trends:

The increasing product utilization in paint and coating formulations to assist in quick drying, control viscosity, improve quality, and dissolve compounds, such as pigments, binders, and additives, is one of the key factors driving the market growth. In addition, the widespread adoption of SBP solvent-based paints and coatings in construction and automotive industries for decoration, corrosion protection, anti-friction, hardness, and prevention of external damages is creating a positive outlook for the market. Furthermore, the rising product utilization in the rubber industry to improve the processing of raw materials and provide adhesion to rubber layers before vulcanization in the manufacturing of various goods, such as tires and door mats, is providing a considerable boost to the market growth. Additionally, the increasing product demand for producing adhesives, printing inks, processing polishes, cleaning agents, and waterproofing compounds are facilitating the market growth. Moreover, the increasing product utilization as an extractant to manufacture aromatics, edible oils, and fats is providing an impetus to the market growth. Other factors, including extensive research and development (R&D) activities, widespread utilization of the solvent as a reaction medium in polymerization, and significant growth in the pharmaceutical industry, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global special boiling point solvents market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on solvent base and application.

Breakup by Solvent Base:

  • Petroleum Ether
  • Rubber Solvent
  • VM and P Naphtha
     

Breakup by Application:

  • Paints and Coatings
  • Adhesives
  • Rubbers and Tires
  • Resins
  • Cleaning Agents
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Banner Chemicals Limited (2M Holdings Group), Bharat Petroleum Corporation Limited, Compañía Española de Petróleos S.A.U., DHC Solvent Chemie GmbH, ExxonMobil Corporation, Ganga Rasayanie Pvt Ltd, Gulf Chemicals and Industrial Oils Co., HCS Group GmbH, KH Chemicals BV and Shell plc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Solvent Base, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Banner Chemicals Limited (2M Holdings Group), Bharat Petroleum Corporation Limited, Compañía Española de Petróleos S.A.U., DHC Solvent Chemie GmbH, ExxonMobil Corporation, Ganga Rasayanie Pvt Ltd, Gulf Chemicals and Industrial Oils Co., HCS Group GmbH, KH Chemicals BV and Shell plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global special boiling point solvents market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global special boiling point solvents market?
  • What are the key regional markets?
  • What is the breakup of the market based on the solvent base?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global special boiling point solvents market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Special Boiling Point Solvents Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Solvent Base
    6.1    Petroleum Ether
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Rubber Solvent
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    VM and P Naphtha
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Application
    7.1    Paints and Coatings
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Adhesives
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Rubbers and Tires
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Resins
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Cleaning Agents
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Banner Chemicals Limited (2M Holdings Group)
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    Bharat Petroleum Corporation Limited
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 Financials
           13.3.2.4 SWOT Analysis
        13.3.3    Compañía Española de Petróleos S.A.U.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 SWOT Analysis
        13.3.4    DHC Solvent Chemie GmbH
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    ExxonMobil Corporation
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Ganga Rasayanie Pvt Ltd
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
        13.3.7    Gulf Chemicals and Industrial Oils Co.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    HCS Group GmbH
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
        13.3.9    KH Chemicals BV
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
        13.3.10    Shell plc
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio
           13.3.10.3 Financials

List of Figures

Figure 1: Global: Special Boiling Point Solvents Market: Major Drivers and Challenges
Figure 2: Global: Special Boiling Point Solvents Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Special Boiling Point Solvents Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Special Boiling Point Solvents Market: Breakup by Solvent Base (in %), 2021
Figure 5: Global: Special Boiling Point Solvents Market: Breakup by Application (in %), 2021
Figure 6: Global: Special Boiling Point Solvents Market: Breakup by Region (in %), 2021
Figure 7: Global: Special Boiling Point Solvents (Petroleum Ether) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Special Boiling Point Solvents (Petroleum Ether) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Special Boiling Point Solvents (Rubber Solvent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Special Boiling Point Solvents (Rubber Solvent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Special Boiling Point Solvents (VM and P Naphtha) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Special Boiling Point Solvents (VM and P Naphtha) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Special Boiling Point Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Special Boiling Point Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Special Boiling Point Solvents (Adhesives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Special Boiling Point Solvents (Adhesives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Special Boiling Point Solvents (Rubbers and Tires) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Special Boiling Point Solvents (Rubbers and Tires) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Special Boiling Point Solvents (Resins) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Special Boiling Point Solvents (Resins) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Special Boiling Point Solvents (Cleaning Agents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Special Boiling Point Solvents (Cleaning Agents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Special Boiling Point Solvents (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Special Boiling Point Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Special Boiling Point Solvents Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Special Boiling Point Solvents Industry: SWOT Analysis
Figure 75: Global: Special Boiling Point Solvents Industry: Value Chain Analysis
Figure 76: Global: Special Boiling Point Solvents Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Special Boiling Point Solvents Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Special Boiling Point Solvents Market Forecast: Breakup by Solvent Base (in Million US$), 2022-2027
Table 3: Global: Special Boiling Point Solvents Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Special Boiling Point Solvents Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Special Boiling Point Solvents Market: Competitive Structure
Table 6: Global: Special Boiling Point Solvents Market: Key Players


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