The hydrocarbon solvents are capable of dissolving products such as oil and greases due to its toxic nature. The water insoluble products are dissolved in hydrocarbon solvents such as solvent naphtha, benzene etc. there is high scope for the Hydrocarbon Solvents Market due to high demand for naphtha petroleum, hydrocarbon dry cleaning solvent etc. in industrial processes in various regions across the globe in the upcoming years.
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Scope and Regional Forecast of the Hydrocarbon Solvents Market:
The hydrocarbon solvents are highly used in dry cleaning and paints industry. There is high demand for green dry cleaners and hydrocarbon dry cleaning agent and solvent based paint for better coating in the paint industry.
North America is one of the leading investor in the Hydrocarbon Solvents Market, which invests high revenue for the production and utilization of these hydrocarbon materials. Europe is anticipated to witness high demand for these products in the paint industry for automotive industry paints in the upcoming term. The US and Germany are the major regions in these regions respectively in future.
Asia Pacific has huge scope for the Hydrocarbon Solvents Market with many industrial countries such as China, Japan, Taiwan, South Korea and India demanding and producing the hydrocarbon solvents for industrial applications in Asia pacific.
Segmentation and Key Players of the Hydrocarbon Solvents Market:
The Hydrocarbon Solvents Market is segmented into various categories by company and by geography as follows:
- By company: ExxonMobil Chemical, Shell Chemicals, CNPC, SINOPEC, Chevron Phillip, BASF SE, Dow Oxygenated Solvents, DuPont, Sasol Solvents, Banner, BP, Neste, Engen, TOP Solvent, Resolute Oil LLC, Gandhar Oil, Oelheld GmbH, Reliance Industries Limited, SK Corp, Formasa, Total Petrochemicals, Philips, Lyondell and JX Nippon Oil
- By geography: USA, China, Europe, South America, Japan and Africa
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The key players in the Hydrocarbon Solvents Market are as follows:
- ExxonMobil Chemical
- Shell Chemicals
- BASF SE
- Chevron Phillip
The Hydrocarbon Solvents Market is a rapidly growing market with hydrocarbon solvents list that are used for various industrial purposes in end user industries across the globe. This market is expected to have high growth owing to the increasing investment for aliphatic hydrocarbon solvent and aromatic solvents in industries, growth in production of petroleum based solvents and hydrocarbon products and many hydrocarbon uses in industries in various regions across the globe in the upcoming years.
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