+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Special Boiling Point Solvents Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 147 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701073

Quick Summary:

In the global special boiling point solvents market, business leaders are witnessing growth driven by the increasing product utilization in paints and coatings, the rubber industry, and other sectors such as adhesives and waterproofing compound production. Access to the latest market research report can offer valuable insights into this expanding market, and help shape strategic decision-making.

Special boiling point (SBP) solvents are renowned for their low aromatic content and excellent properties such as controlling viscosity, assisting in film formation, and facilitating dispersion and adhesion. The growing adoption of SBP solvents in the automotive and construction industries, along with increased application in the pharmaceutical sector, presents an exciting opportunity for potential market players.

This report offers in-depth analysis of key trends in each sub-segment, along with forecasts at a global, regional, and country level. Understanding these dynamics can offer a competitive edge, making this comprehensive market research report an essential tool for those with vested interest in the global special boiling point solvents market.

The global special boiling point solvents market size reached US$ 2.7 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 3.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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

The report 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 2023-2028. 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, Compañía Española de Petróleos 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 2022?
2. What is the expected growth rate of the global special boiling point solvents market during 2023-2028?
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?
Frequently Asked Questions about the Global Special Boiling Point Solvents Market

What is the estimated value of the Global Special Boiling Point Solvents Market?

The Global Special Boiling Point Solvents Market was estimated to be valued at $2.7 Billion in 2022.

What is the growth rate of the Global Special Boiling Point Solvents Market?

The growth rate of the Global Special Boiling Point Solvents Market is 4.9%, with an estimated value of $3.6 Billion by 2028.

What is the forecasted size of the Global Special Boiling Point Solvents Market?

The Global Special Boiling Point Solvents Market is estimated to be worth $3.6 Billion by 2028.

Who are the key companies in the Global Special Boiling Point Solvents Market?

Key companies in the Global Special Boiling Point Solvents Market include Banner Chemicals Limited (2M Holdings Group), Bharat Petroleum Corporation Limited, Compañía Española de Petróleos S.A.U., DHC Solvent Chemie GmbH, ExxonMobil Corporation, Ganga Rasayanie Pvt Ltd, Gulf Chemicals, Industrial Oils Co. HCS Group GmbH and KH Chemicals BV and Shell plc..

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
8.2 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
8.3 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
8.4 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
8.5 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 Compañía Española de Petróleos 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
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$), 2017-2022
Figure 3: Global: Special Boiling Point Solvents Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Special Boiling Point Solvents Market: Breakup by Solvent Base (in %), 2022
Figure 5: Global: Special Boiling Point Solvents Market: Breakup by Application (in %), 2022
Figure 6: Global: Special Boiling Point Solvents Market: Breakup by Region (in %), 2022
Figure 7: Global: Special Boiling Point Solvents (Petroleum Ether) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Special Boiling Point Solvents (Petroleum Ether) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Special Boiling Point Solvents (Rubber Solvent) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Special Boiling Point Solvents (Rubber Solvent) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Special Boiling Point Solvents (VM and P Naphtha) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Special Boiling Point Solvents (VM and P Naphtha) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Special Boiling Point Solvents (Paints and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Special Boiling Point Solvents (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Special Boiling Point Solvents (Adhesives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Special Boiling Point Solvents (Adhesives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Special Boiling Point Solvents (Rubbers and Tires) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Special Boiling Point Solvents (Rubbers and Tires) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Special Boiling Point Solvents (Resins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Special Boiling Point Solvents (Resins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Special Boiling Point Solvents (Cleaning Agents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Special Boiling Point Solvents (Cleaning Agents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Special Boiling Point Solvents (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Special Boiling Point Solvents (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia-Pacific: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia-Pacific: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Special Boiling Point Solvents Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Special Boiling Point Solvents Market: Breakup by Country (in %), 2022
Figure 73: Middle East and Africa: Special Boiling Point Solvents Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Special Boiling Point Solvents Market Forecast: Breakup by Solvent Base (in Million US$), 2023-2028
Table 3: Global: Special Boiling Point Solvents Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Special Boiling Point Solvents Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Special Boiling Point Solvents Market: Competitive Structure
Table 6: Global: Special Boiling Point Solvents Market: Key Players

Companies Mentioned

  • Banner Chemicals Limited (2M Holdings Group)
  • Bharat Petroleum Corporation Limited
  • Compañía Española de Petróleos S.A.U.
  • DHC Solvent Chemie GmbH
  • ExxonMobil Corporation
  • Ganga Rasayanie Pvt Ltd
  • Gulf Chemicals
  • Industrial Oils Co. HCS Group GmbH
  • KH Chemicals BV and Shell plc.

Methodology

Loading
LOADING...