Isoparaffin Solvents Market 2021 Recovering From Covid-19 Outbreak | Know More about Industry Insights, Drivers, Shares, Revenue, Value and Volume Analysis, Top Trends and Future Scope to 2030

In a recently published report, Isoparaffin Solvents Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Isoparaffin Solvents Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Isoparaffin Solvents Market valued approximately USD 142.30 million in 2017 is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2018-2025. The Isoparaffin Solvents Market is continuously growing in the global scenario at significant pace. Isoparaffin is an important class of hydrocarbon solvents primarily used for industrial applications. Isoparaffin solvents are used in a wide diversity of applications, such as fluids in metalworking; industrial cleaning products; as solvents for paints and coating, adhesives and sealant; and products for photocopiers. Pure grade isoparaffin solvents are typically produced through distillation and catalytic cracking. Properties typical of these grades can be better solvency, high flash point, low pour point, and excellent safety profiles.

Rapid industrialization, rising demand for synthetic solvents and increasing demand for quality metal-cutting activities are the substantial driving factors of the market during the forecast period. Additionally, growth in agriculture and agrochemical industry has further fueled the adoption of these chemicals as supporting agents for various process in the industry.

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Moreover, rising use of isoparaffinic petroleum hydrocarbons for inks for food contact material is the factors that likely to create numerous opportunity in the near future. However, high cost associated with this chemical is one of the major factors that limiting the growth of the market during the forecast period.

The regional analysis of Global Isoparaffin Solvents Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to increasing industrialization and high demand for isoparaffin solvents in the emerging economies such as India and China. Europe is estimated to grow at stable growth rate in the global Isoparaffin Solvents market over the upcoming years. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 due to high growth in end-user industries in the region.

The major market player included in this report are:
Shell
ExxonMobil Chemical
Idemitsu
Total
Chevron Philips Chemical Company
INEOS
Braskem
Luan Group
RB Products

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

C8
C12
C16
C20
Others

By Application:

Paints & Coatings
Metalworking
Agrochemical Formulation
Polymer
Cleaning
Personal Care
Others

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Isoparaffin Solvents Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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