11-Sep-2020 | Facts and Factors
Findings from Facts and Factors report “C9 Solvent Market By Type (Benzene, 1,2,4-trimethyl, Benzene, 1,3,5-trimethyl Benzene, ethylmethyl (ethyltoluene mixed isomers), Solvent naphtha, (petroleum), light aromatic), By Application (Pharmaceuticals, Oilfield Chemicals, Automotive, Paints and Coatings, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global C9 Solvent market in 2019 was approximately USD 35.00 million. The market is expected to grow at a CAGR of more than 3.0% and is anticipated to reach around USD 50.00 million by 2026.
The C9 Solvents Group consists of a petroleum naphtha refinery source, Solvent naphtha, light aromatic, (petroleum), (CAS RN 64742-95-6), from which the other, additional chemically wholesome members of this group are removed. These other members include some C9 aromatic isomers (1,2,4-trimethylbenzene, 1,3,5-trimethylbenzene, and mixed ethyltoluene), which have relatively restricted development and are mainly used as chemical intermediates.
Browse the full “C9 Solvent Market By Type (Benzene, 1,2,4-trimethyl, Benzene, 1,3,5-trimethyl Benzene, ethylmethyl (ethyltoluene mixed isomers), Solvent naphtha, (petroleum), light aromatic), By Application (Pharmaceuticals, Oilfield Chemicals, Automotive, Paints and Coatings, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/c9-solvent-market-by-type-benzene-124-trimethyl-1298
C9 solvents provide high solvency and corrosion resistance, paving their application in various end-use industries like vehicles, adhesives & sealants, textiles, paints & coatings, oil & gas, etc. Improved chemical and physical properties of the C9 solvent and its widespread use in the paints and coatings are one of the most key factors driving the growth of the global C9 Solvent market. The global C9 Solvent market is expected to grow owing to the in-demand by rising demand for pharmaceuticals, oilfield chemicals, and automotive industry. It has elevated the demand for C9 Solvent and an extensive focus on research and development by key players.
The growing number of the manufacturing sector is anticipated to witness significant growth in the global C9 Solvent market within the forecast period. The high refining cost of C9 Solvent may hamper the market’s growth. Research and development, innovations activities in the technology of the C9 solvent and increased investment in C9 Solvent products are anticipated to open new avenues for the C9 Solvent market in the near future.
The global C9 Solvent market is mainly bifurcated into type, application, and region. On the basis of product, the global C9 Solvent market is segmented as Benzene, 1,3,5-trimethyl, Benzene, 1,2,4-trimethyl, Solvent naphtha, (petroleum), light aromatic, and Benzene, ethylmethyl (ethyltoluene mixed isomers). Among which the Solvent naphtha, (petroleum), light aromatic segment was accounted for the major revenue share in the global C9 Solvent market. The key factor is expected to fuel demand for C9 Solvent in the upcoming years, which is an increase in the consumption of paint and coatings.
On the basis of application, the global C9 Solvent market is categorized into pharmaceuticals, oilfield chemicals, automotive, paints and coatings, and others. Among the above-mentioned segment, the paints and coatings were accounted for larger revenue share in 2019. In addition, research and development, innovative product launch, improved taste and versatility, and high levels of marketing support are driving the C9 Solvent demand. The growth in the paints and coatings and automative segment in the past few years has increased the demand for C9 Solvent.
On the basis of region the C9 Solvent market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the Asia Pacific region dominates the C9 Solvent market among all the regions followed by Europe in terms of value.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 35.00 Million |
Projected Market Size in 2026 |
USD 50.00 Million |
CAGR Growth Rate |
3.0% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Chevron Phillips Chemicals Company, Arham Petrochem, Eastman Chemical Company, DEZA, Galp Energia, Exxon Mobil, Hanwha Group, Ganga Rasayanie, Kandla Energy & Chemicals, Jiangsu Hualun, Monument Chemical, Korea Petrochemical Ind, Reliance Industries, Pampa Energa, SK global chemical, Shell International, Total, S-OIL CORPORATION, and VIRENT, and Others |
Key Segment |
By Product, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players operating in the market include
Chevron Phillips Chemicals Company, Arham Petrochem, Eastman Chemical Company, DEZA, Galp Energia, Exxon Mobil, Hanwha Group, Ganga Rasayanie, Kandla Energy & Chemicals, Jiangsu Hualun, Monument Chemical, Korea Petrochemical Ind, Reliance Industries, Pampa Energa, SK global chemical, Shell International, Total, S-OIL CORPORATION, and VIRENT, among others.
This report segments the global C9 Solvent market as follows:
By Product Analysis
- Benzene, 1,2,4-trimethyl
- Benzene, 1,3,5-trimethyl
- Benzene, ethylmethyl (ethyltoluene mixed isomers)
- Solvent naphtha, (petroleum), light aromatic
By Application Analysis
- Pharmaceuticals
- Oilfield Chemicals
- Automotive
- Paints and Coatings
- Others
By Regional Analysis
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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