Global Special Boiling Points Solvents Market Forecast to 2027 - COVID-19 Impact and Analysis

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Apr 27, 2021, 13:30 ET

DUBLIN, April 27, 2021 /PRNewswire/ -- The "Special Boiling Points Solvents Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Solvent Base (Petroleum Ether, Rubber Solvent, and Others), and Application (Paints and Coatings, Rubbers and Tires, Inks, Adhesives, Resins, Cleaning Agents, and Others)" report has been added to ResearchAndMarkets.com's offering.

The special boiling points solvents market was valued at US$ 1,209.57 million in 2019 and is projected to reach US$ 1,537.68 million by 2027; it is expected to grow at a CAGR of 3.2% from 2020 to 2027.

Special boiling point solvents, are mixtures of group of fast to medium evaporating aliphatic hydrocarbon fluids, consisting of paraffins and cycloparaffins in the C6-C10 range with a boiling-range of 30-160oC. These products group are derived from naphtha feed-stocks. The products are widely used in adhesives, rubber, cleaning purposed, pharmaceuticals and surface coating industries, also for edible oil extraction.

Based on application, the special boiling points solvents market is segmented into paints and coatings, rubber and tires, inks, adhesives, resins, cleaning agents and others. The paints and coatings segment led the market with the largest share in 2019. Special boiling point solvents are used in paint and coating formulations to dissolve other compounds, such as pigments, binders, additives, etc. These solvents evaporate when the paint is applied to the surface, allowing the resin and pigment to form a film of paint on the surface and dry quickly. These solvents are essential for coating formulations since they control the viscosity of the paints and have a substantial effect on the film quality, which is mainly dependent on the evaporation rate of the solvents during the drying period. Solvent-borne paints, also known as oil-based paints, may contain a variety of solvent combinations, including aliphatic, aromatic, alcohol, ketone, and white spirit. These include organic solvents, such as petroleum distillates, esters, and glycol ethers.

The global special boiling point solvents market is segmented into five main regions - North America, Europe, Asia Pacific (APAC), Middle East &Africa (MEA), and South America. In 2019, Asia Pacific contributed to the largest share in the global special boiling point solvents market. The Asia Pacific region comprises several developed and developing economies, including Australia, India, China, Japan, and South Korea. Further, these emerging countries are witnessing an increase in urbanization and rapid expansion of various industries, which further offers ample opportunities for key market players in special boiling point solvents. Special boiling point solvents are mainly used to provide long-lasting protection and excellent performance in extreme weather conditions for paints and coatings. Asia Pacific is one of the fastest-growing markets for paints and coatings due to the rapid growth of decorative and industrial coatings. Further, the booming construction and automotive industries are likely to boost the market for paints and coatings, which, in turn, are expected to drive special boiling point solvents during the anticipated period.

The COVID-19 outbreak was first reported in Wuhan (China) during December 2019. As of January 2021, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemicals & materials industry is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. For instance, China is the global manufacturing hub and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is restricting the global supply chains and disrupting the manufacturing activities, delivery schedules, and various chemicals & materials sales. Various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are hampering the chemicals & materials industry, and thus act as restraining factors for the growth of various markets related to this industry.

Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Bharat Petroleum Corporation Limited, Brenntag Holding GMBH, Calumet Specialty Products Partners, L.P., Gulf Chemicals and Industrial Oils Co., HCS Group GMBH, KH Chemicals, and The MGT PetrOil group are among the major players operating in the global special boiling points solvents market.

The overall global special boiling points solvents market size has been derived in accordance with to both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global special boiling points solvents market.

Reasons to Buy

Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the global special boiling point solvents market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Key Topics Covered:

1. Introduction

2. Key Takeaways

3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:

4. Special Boiling Points Solvents Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion

5. Special Boiling Point Solvents Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Steady & Continuous Demand from Paints & Coatings Industry
5.1.2 Rising Demand from Rubber Processing Industry
5.2 Market Restraints
5.2.1 Stringent Regulations Pertaining to Production and Use of SBP Solvents
5.3 Market Opportunities
5.3.1 Rising Demand of SBP Solvents for Printing Inks
5.4 Future Trend
5.4.1 Technological Advancement Along with New Product Development
5.5 Impact Analysis Of Drivers And Restraints

6. Special Boiling Points Solvents - Global Market Analysis
6.1 Special Boiling Points Solvents Market Overview
6.2 Special Boiling Points Solvents Market -Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning - Global Market Players

7. Special Boiling Point Solvents Market Analysis - By Solvent Base
7.1 Overview
7.2 Special Boiling Point Solvents Market, By Solvent Base (2019 and 2027)
7.3 Petroleum Ether
7.3.1 Overview
7.3.1.1 Petroleum Ether: Special Boiling Point Solvents Market - Revenue, and Forecast to 2027 (US$ Mn)
7.4 Rubber Solvent
7.4.1 Overview
7.4.1.1 Rubber Solvent : Special Boiling Point Solvents Market - Revenue, and Forecast to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.1.1 Others: Special Boiling Point Solvents Market - Revenue, and Forecast to 2027 (US$ Mn)

8. Special Boiling Point Solvents Market Analysis - By Application
8.1 Overview
8.2 Special Boiling Point Solvents Market, By Application (2019 and 2027)
8.3 Paints and Coatings
8.3.1 Overview
8.3.2 Paints and Coatings: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.4 Rubbers and Tires
8.4.1 Overview
8.4.2 Rubbers and Tires: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.5 Inks
8.5.1 Overview
8.5.2 Inks: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.6 Adhesives
8.6.1 Overview
8.6.2 Adhesives: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.7 Cleaning Agents
8.7.1 Overview
8.7.2 Cleaning Agents: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.8 Resins
8.8.1 Overview
8.8.2 Resins: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Special Boiling Point Solvents Market - Revenue and Forecast to 2027 (US$ Mn)

9. Special Boiling Point Solvents Market - Geographic Analysis
9.1 Overview
9.2 North America: Special Boiling Point Solvents Market
9.3 Europe: Special Boiling Point Solvents market
9.4 Asia Pacific: Special Boiling Point Solvents market
9.5 MEA: Special Boiling Point Solvents market
9.6 South America: Special Boiling Point Solvents Market

10. Impact of COVID-19 Pandemic on Global Special Boiling Point Solvents Market
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.6 South America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles
11.1 Royal Dutch Shell Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Exxon Mobil Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Total SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Bharat Petroleum Corporation Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Brenntag Holding GMBH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 CALUMET SPECIALTY PRODUCTS PARTNERS, L.P.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 GULF CHEMICAL AND INDUSTRAL OILS
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 HCS GROUP GMBH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.9 KH CHEMICALS
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.10 MGT PETROIL COMPANY
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis

12. Appendix
12.1 About the Publisher
12.2 Glossary of Terms

For more information about this report visit https://www.researchandmarkets.com/r/j7o4jh

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