360 MARKET UPDATES Report provides a 360-degree overview of the global Special Boiling Point Solvents Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Special Boiling Point Solvents Market – Segmented by Solvent Base, Application, and Geography – Growth, Trends and Forecast (2018 – 2023)”
Global “Special Boiling Point Solvents Market” is expected to register a CAGR of approximately XX% during the forecast period of (2018 – 2023). Also, Special Boiling Point Solvents Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Special Boiling Point Solvents Analysis.
Special Boiling Point Solvents market Report provides a 360-degree overview of the global Special Boiling Point Solvents market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Special Boiling Point Solvents Market Report Covers Leading Manufacturers: Bajrang Petrochemicals, Banner Chemical Group, BASF SE, BP PLC, Calumet Specialty Products Partners LP, CVOPRL, DHC Solvent Chemie GmbH, DowDuPont, Exxonmobil Chemical, Ganga Rasayanie (P) Ltd, Haltermann Carless, Royal Dutch Shell PLC, Total SA
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The global special boiling point solvents market is expected to register a steady CAGR between 2018 and 2023. The market is mainly driven by the increasing demand from the growing paints & coatings industry. Furthermore, owing to their extensive use as solvents, growth in the global rubber industry is projected to boost the demand for special boiling point solvents.
Growing Demand for Paints and Coatings
During the curing phase, solvent-borne coatings are less susceptible to environmental conditions, such as temperature and humidity, as compared to water-based coatings. Owing to this major advantage, solvent-based coatings are preferred. Due to rapid growth in decorative and industrial coatings, Asia-Pacific is one of the fastest growing regions for paints and coatings. The investments in the Chinese transportation sector have increased in the recent times. Chinaâs Transport Ministry and National Development and Reform Commission (NDRC) have planned to invest USD 724 billion between 2016 and 2018, to construct 303 key transportation projects, including railways, highways, waterways, airports, and urban rail. This investment plan is expected to enhance the countryâs connectivity between the major cities, thus augmenting regional economic and social development. This robust growth in infrastructure, automotive, and industrial activities is expected to boost the demand for paints & coatings across the globe, thus augmenting the demand for special boiling point solvents.
Petroleum Ether – The Dominating Segment
Petroleum ether is a petroleum distillation fraction. Petroleum ether is commonly used as a non-polar solvent for oils, fats, and waxes. Petroleum ether is used in pharmaceutical industries, as a solvent to isolate compounds. For example, petroleum ether can extract stigma sterol and beta-sitsterol from the aerial parts of Ageratum conyzoides and compounds with immunomodulatory activity, from Anacyclus pyrethrum.
Germany – One of the Leading Consumers
Germany is among the leading producers of paints & coatings in the European region. It is home to around 300 paints and printing inks manufacturers, with several small- and medium-sized companies. The German industrial coatings segment contributes to 39% by volume and 62% by revenue. Germany has the largest construction industry in Europe. According to industry experts, the demand for new houses is estimated to be around 350,000 per year until 2020, which is expected to boost the construction industry. Furthermore, Germany is known as a manufacturing hub for automobiles. Due to the increasing vehicle manufacturing in the country, the demand for tires is continuously increasing.
Major Players: Royal Dutch Shell PLC, Haltermann Carless, Exxonmobil Chemical, DowDuPont, and Total SA, amongst others.
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Reasons to Purchase Special Boiling Point Solvents Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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