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C9 Solvent Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
[198+ Pages Report] According to the report published by Facts Factors, the global C9 solvent market size was worth around USD 35.00 million in 2019 and is predicted to grow to around USD 50.00 million by 2026 with a compound annual growth rate (CAGR) of roughly 3.0% between 2020 and 2026. The report analyzes the global C9 solvent market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the C9 solvent market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the C9 Solvent industry. The report analyzes and declares the historical and current trends analysis of the C9 Solvent industry and subsequently recommends the projected trends anticipated to be observed in the C9 Solvent market during the upcoming years.
The C9 Solvent market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire C9 Solvent market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) and volume (Kilotons) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the China C9 solvent market is set to grow annually at a rate of around 3.0%
- It was established through primary research that the China C9 solvent market was valued at more than USD 35.00 million in 2019
- The increasing demand for C9 solvent from various industries in China is supposed to display the highest growth in the regional market as it is one of the developed economies.
- Innovation in C9 solvent is supposed to fuel market growth. The companies are supposed to invest in R&D to innovate the better product. Product invention will open new opportunities for the C9 solvent thus is expected to propel the industry demand in the upcoming years.
- The “Solvent naphtha, (petroleum), light aromatic” category, on the basis of type segmentation, was the leading revenue-generating category share, in 2019.
- The “Paints and Coatings” category, on the basis of application segmentation, was the leading revenue-generating share, in 2019.
Key Recommendations from Analysts
- The increasing intake of C9 solvent, increasing demand from the Automotive, paints and coatings industries, in the various countries across the globe, is increasing the demand for the C9 solvent segment. There is a huge demand for C9 solvent in developing regions such as the Asia Pacific, which is driving the pharmaceuticals, oilfield chemicals, automotive, paints and coatings industries in the regions.
- Asia Pacific region is anticipated to a larger share of the C9 solvent market in the upcoming years.
- China's C9 solvent market is anticipated to rise at the highest rate between 2020 and 2026.
- Growing at a CAGR around 4.0%, China C9 solvent market offers several opportunities for all of the involved investors crosswise the entire value chain
- Our analysts have identified “Solvent naphtha, (petroleum), light aromatic”, and “Paints and Coatings” categories as the leading investment pockets for the C9 solvent market in terms of type and application segmentation respectively.
Global C9 solvent Market Revenue Share In 2019– By Application
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the C9 Solvent industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the C9 Solvent industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the C9 Solvent market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the C9 Solvent industry. The C9 Solvent market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the C9 Solvent sector. Key strategic developments in the C9 Solvent market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the C9 Solvent market are appropriately highlighted in the report.
The global C9 Solvent market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for C9 Solvent in the paints & coatings industry sectors is likely to act as a key driver of the global C9 Solvent market.
The C9 Solvent market research report delivers an acute valuation and taxonomy of the C9 Solvent industry by practically splitting the market on the basis of a different type, and application, and region. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
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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The regional segmentation of the C9 Solvent industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the C9 Solvent industry is provided for the leading economies of the world.
The C9 Solvent market is segmented based on type and application. On the basis of type segmentation, the market is classified into Benzene, 1,2,4-trimethyl, Benzene, 1,3,5-trimethyl, Benzene, ethylmethyl (ethyltoluene mixed isomers), and Solvent naphtha, (petroleum), light aromatic. In terms of application segmentation, the market is bifurcated into Pharmaceuticals, Oilfield Chemicals, Automotive, Paints and coatings, and others.
Some of the leading players in the global market include
- Arham Petrochem
- Chevron Phillips Chemicals Company
- DEZA
- Eastman Chemical Company
- Exxon Mobil
- Galp Energia
- Ganga Rasayanie
- Hanwha Group
- Jiangsu Hualun
- Kandla Energy & Chemicals
- Korea Petrochemical Ind
- Monument Chemical
- Pampa Energa
- Reliance Industries
- Shell International
- SK global chemical
- S-OIL CORPORATION
- Total
- VIRENT
The taxonomy of the C9 Solvent industry by its scope and segmentation is as follows:
By Type 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 Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- 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
Table of Content
Industry Major Market Players
- Arham Petrochem
- Chevron Phillips Chemicals Company
- DEZA
- Eastman Chemical Company
- Exxon Mobil
- Galp Energia
- Ganga Rasayanie
- Hanwha Group
- Jiangsu Hualun
- Kandla Energy & Chemicals
- Korea Petrochemical Ind
- Monument Chemical
- Pampa Energa
- Reliance Industries
- Shell International
- SK global chemical
- S-OIL CORPORATION
- Total
- VIRENT
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