Hydrocarbon Solvents Market Segments by Application, Region and Market Research Report to 2025 Forecast

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This Report Studies the Global Hydrocarbon Solvents Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the Global Hydrocarbon Solvents Industry by Companies, Region, Application, Type and end-use Industry.


Global Hydrocarbon Solvents Market is segmented on the basis of source as Bio-Green Based Source, Conventional Source and others. The substances that are obtained from petroleum feed stocks are known as hydrocarbon solvents. As far as their formation is concerned, they are generated in the form of volatile portions in a crude oil factory. There are a wide variety of hydrocarbon solvents and they mainly differ on the basis of their distinct hydrocarbon groups as well as carbon chain length divisions. Their groups can be classified as branched, linear, or cyclic alkanes and aromatics.
In simple words, they can be defined as an organic solvent that incorporates the atoms of hydrogen and carbon. The produced hydrocarbon solvents generally comprises aromatic, paraffinic, and natphthenic components in varied sections. A wide variety of petroleum derivatives such as Xylene, Benzene, and Kerosene play a very vital role as an industrial solvent for carrying out the process of cleaning the water-insoluble substances like oils and greases. But their usage has been limited due to their strong noxious and long lasting nature that may have adverse effects on the surroundings.
The key factors that are responsible for raising the share of the Hydrocarbon Solvents Industry include rising environmental concerns towards greener alternatives, increased awareness among the masses, robust growth in population, augmenting demand from various sectors especially construction and automotive industries, mounting applications, change in the lifestyle, rise in the standard of living, and rise in the disposable income of the population. Other factors that are also contributing in the market growth include augmented infrastructural expenditure in developing nations, mounting environmental concerns along with rising legislations and amplified demand for paints & coatings.
Hydrocarbon Solvents Market is segmented on the basis of geographical region as North America, Europe, China, Japan, Southeast Asia, and India. As far as the geographical location is concerned, North America is currently leading the market, the reason being rise in the industrialization, technological advancements, augmented demand from various sectors particularly from the construction and automotive industries, and rising investments from the leading manufacturers. On the contrary, Asia Pacific is also emerging with a huge growth, the reason being presence of huge market players in the particular region, introductions of modern products and augmented demand for construction chemicals.
The key players operating in the Hydrocarbon Solvents Industry:
·         entails Exxonmobil Corporation,
·         Honeywell International Inc.,
·         Huntsman Corp.,
·         Ineos Ag,
·         Royal Dutch Shell,
·         Sasol Ltd,
·         Ashland Inc.,
·         BASF SE,
·         Celanese Corporation
·         Eastman Chemical Company

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