PUBLISHER: IMARC | PRODUCT CODE: 1541578
PUBLISHER: IMARC | PRODUCT CODE: 1541578
Special Boiling Point Solvents Market Report by Solvent Base (Petroleum Ether, Rubber Solvent, VM and P Naphtha), Application (Paints and Coatings, Adhesives, Rubbers and Tires, Resins, Cleaning Agents, and Others), and Region 2024-2032
The global special boiling point solvents market size reached US$ 2.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.31% during 2024-2032.
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 2024-2032. 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, Compania Espanola de Petroleos 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.
Key Questions Answered in This Report
- 1. What was the size of the global special boiling point solvents market in 2023?
- 2. What is the expected growth rate of the global special boiling point solvents market during 2024-2032?
- 3. What are the key factors driving the global special boiling point solvents market?
- 4. What has been the impact of COVID-19 on the global special boiling point solvents market?
- 5. What is the breakup of the global special boiling point solvents market based on the solvent base?
- 6. What is the breakup of the global special boiling point solvents market based on the application?
- 7. What are the key regions in the global special boiling point solvents market?
- 8. Who are the key players/companies in the global special boiling point solvents market?
Table of Contents
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
- 8.1.1 United States
- 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
- 8.2.1 China
- 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
- 8.3.1 Germany
- 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
- 8.4.1 Brazil
- 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 Compania Espanola de Petroleos 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
- 13.3.1 Banner Chemicals Limited (2M Holdings Group)
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$), 2018-2023
- Figure 3: Global: Special Boiling Point Solvents Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Special Boiling Point Solvents Market: Breakup by Solvent Base (in %), 2023
- Figure 5: Global: Special Boiling Point Solvents Market: Breakup by Application (in %), 2023
- Figure 6: Global: Special Boiling Point Solvents Market: Breakup by Region (in %), 2023
- Figure 7: Global: Special Boiling Point Solvents (Petroleum Ether) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 8: Global: Special Boiling Point Solvents (Petroleum Ether) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 9: Global: Special Boiling Point Solvents (Rubber Solvent) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Special Boiling Point Solvents (Rubber Solvent) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Special Boiling Point Solvents (VM and P Naphtha) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Special Boiling Point Solvents (VM and P Naphtha) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Special Boiling Point Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Special Boiling Point Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Special Boiling Point Solvents (Adhesives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Special Boiling Point Solvents (Adhesives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Special Boiling Point Solvents (Rubbers and Tires) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Special Boiling Point Solvents (Rubbers and Tires) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Special Boiling Point Solvents (Resins) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Special Boiling Point Solvents (Resins) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Special Boiling Point Solvents (Cleaning Agents) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Special Boiling Point Solvents (Cleaning Agents) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Special Boiling Point Solvents (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Special Boiling Point Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: North America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: North America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: United States: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: United States: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Canada: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Canada: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Asia-Pacific: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Asia-Pacific: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: China: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: China: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Japan: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Japan: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: India: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: India: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: South Korea: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: South Korea: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: Australia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: Australia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Indonesia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Indonesia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: Europe: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: Europe: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Germany: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Germany: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: France: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: France: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: United Kingdom: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: United Kingdom: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Italy: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Italy: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Spain: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Spain: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Russia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Russia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Latin America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Latin America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: Brazil: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: Brazil: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: Mexico: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: Mexico: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Middle East and Africa: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Middle East and Africa: Special Boiling Point Solvents Market: Breakup by Country (in %), 2023
- Figure 73: Middle East and Africa: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2024-2032
- 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, 2023 and 2032
- Table 2: Global: Special Boiling Point Solvents Market Forecast: Breakup by Solvent Base (in Million US$), 2024-2032
- Table 3: Global: Special Boiling Point Solvents Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Special Boiling Point Solvents Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Global: Special Boiling Point Solvents Market: Competitive Structure
- Table 6: Global: Special Boiling Point Solvents Market: Key Players
