Market Introduction
The Europe special boiling point solvents market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. 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 feedstocks. The products are widely used in adhesives, rubber, cleaning purposed, pharmaceuticals and surface coating industries, also for edible oil extraction. The special boiling point (SBP) range of solvents is a versatile group of fast to medium evaporating aliphatic hydrocarbon fluids consisting of C6-C10 paraffin and cycloparaffins. Due to the way in which they are produced, including deep hydrogenation, their impurities are very low, and their aromatic content is virtually undetectable. Owing to the above properties, the special boiling point solvents are widely used in various applications such as paints, coatings, and inks, adhesives, rubbers and tires, resins, cleaning agents, and others. Thus, the use of SBP solvents in various industries will further increase its demand in the region.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of solvents manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for special boiling point solvents during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of solvents manufacturing projects, thereby reducing the demand for special boiling point solvents. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
Market Overview and Dynamics
The special boiling point solvents market in Europe is expected to grow from US$ 234.89 million in 2019 to US$ 293.70 million by 2027; it is estimated to grow at a CAGR of 3.0 % from 2020 to 2027. Rubber is treated by utilizing several types of chemicals in order to produce significantly useful products such as rubber mats and automobile tires. Rubber processing chemicals includes a broad range of products including anti-degradants, accelerators and processing aids among others. SBP solvents plays crucial role in rubber processing. It helps to enhance the properties of rubber for its use in manufacturing of automobile tires. Hence, the increasing automobile industry is expected to expand the total growth of SBP solvents for rubber processing chemicals segment. Additionally, increasing technical advancements in the manufacture of automotive tires is additional major factor boosting the growth of SBP solvents for rubber processing market. SBP solvents does not only add qualities to rubber but also advances the overall manufacturing procedure of raw material for other applications including manufacturing of door mats. Though, factors such as growing environmental norms and strict governmental regulations are expected to hamper the growth of rubber processing chemicals rubber manufacturers are adapting to diverse chemical formulations to accomplish specific requirements of numerous end-use industries.
Key Market Segments
Based on solvent base, the others segment accounted for the largest share of the Europe special boiling point solvents market in 2019. Based on application, the paints & coatings segment held a larger market share of the Europe special boiling point solvents market in 2019. Other types of special boiling point solvents used are P-series / propylene-based glycol ethers, toluene, propylene glycol, mixed xylenes., V.M. & P. Naphtha. VM&P Naphtha stands for Varnish Maker and Painters Solvent, is an aliphatic hydrocarbon solvent with a medium boiling point and evaporation rate. It is an exceptional thinner for oil-based paints, stains, varnishes, and enamels, which has higher strength and a faster evaporation rate than thinner paint (100 percent mineral spirits). It is also a quick-drying thinner for brushing and spraying, which is great for cleaning after painting. Moreover, it produces a sweeter smell than other solvent bases. In addition, this chemical is one of the best options for solvent-based finishing and will be one of the most popular options for long-lasting projects. It is mainly used as a feedstock for the catalytic reforming process, which produces a high-octane gasoline portion. It's also used in the chemical industry for solvent (cleaning) applications and in the petrochemical industry for producing olefins in steam crackers.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe special boiling point solvents market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Bharat Petroleum Corporation Limited, Brenntag Holding GmbH, Calumet Specialty Products Partners, L.P., HCS Group GmbH, and KH Chemicals.
Reasons to buy report
Europe Special boiling Point Solvents Market Segmentation
Europe Special Boiling Point Solvents Market -By Solvent Base
Europe Special Boiling Point Solvents Market -By Application
Europe Special Boiling Point Solvents Market – By Country
Europe Special boiling point solvents Market – Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 234.89 Million |
| Market Size by 2027 | US$ 293.70 Million |
| CAGR (2020 - 2027) | 3.0 % |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Solvent Base
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Special Boiling Point Solvents Market is valued at US$ 234.89 Million in 2019, it is projected to reach US$ 293.70 Million by 2027.
As per our report Europe Special Boiling Point Solvents Market, the market size is valued at US$ 234.89 Million in 2019, projecting it to reach US$ 293.70 Million by 2027. This translates to a CAGR of approximately 3.0 % during the forecast period.
The Europe Special Boiling Point Solvents Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Special Boiling Point Solvents Market report:
The Europe Special Boiling Point Solvents Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Special Boiling Point Solvents Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Special Boiling Point Solvents Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Special Boiling Point Solvents Market
