The research report on the Global Solvent Naphtha Consumption Market delivers extensive analysis of market trends and shares. The report analyzes the current market size, recent market trends, key segments and future prospects of the global Solvent Naphtha Consumption market (2018-2025). The market shares of segments (players, type, application and regions) are prepared to give an opportunistic roadmap to the readers of the Solvent Naphtha Consumption Global market. The report also comprises the study of drivers, restraints, and trends that influence the current scenario of the Solvent Naphtha Consumption Global market and its impact on the global market over the forecast period 2018 – 2025.
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The report offers information and data analysis on market segments such as Solvent Naphtha Consumption product type, end-user, and region. In addition to this detailed qualitative analysis of market growing elements and threats, investment opportunities in Solvent Naphtha Consumption industry and challenges for newcomers are covered in the overview section. The Solvent Naphtha Consumption is one such crucial constituent that continues to gain demand from all corners of the globe. The global Solvent Naphtha Consumption report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
Solvent Naphtha Consumption Market Report Introduction:
Solvent naphtha, which are composed of a mixture of hydrocarbons, are used in a variety of application areas and are incorporated in great number of formulated chemical products, including: architectural paints and protective coatings; printing inks and printing press cleaners; other cleaing compounds; pesticides; degreasing formulations; and household products. Solvent naphtha is a general term as each refinery produces its own naphtha with unique initial and final boiling points and other physical and composition characteristics.
USA is the leading supplier of solvent naphtha, the production of which reached 1817 K MT in 2017, accounting for about 24.71% of the total global market. China, Europe, and Northeast Asia are also important supply region of solvent. Generally, the supply and demand of solvent naphtha has been stable in the global market, despite the dramatic decrease of supply in China. Despite the global economic recovery and the improvement in downstream demand, the China solvent naphtha industry is still overcapacity. And the increasingly stricter environment requirement and higher consumption tax also restrict the development of the industry. Some companies were forced to cut back production even close down some manufacturing bases. Sinopec and CNPC has sharply decreased the supply volume of solvent naphtha during the past 5 years.
The top players cover Shell, ExxonMobil, Total, Chevron Phillips and SK etc., which are playing important roles in global Solvent Naphtha market. The Top 3 players in global market was 30.53% in 2017, while the share of top 5 players was 38.24%. The market is fragmented, also each company owns a broad product portfolio. Except policy affect, downstream demand is the key influence factor to the market.
Paints & Coatings accounted for the largest market with about 27.51% of the global consumption for solvent naphtha in 2017. Moreover, it is anticipated to grow at a CAGR of 3.69% during the forecast period. With over 16.56% share of in the solvent naphtha market, Rubber & Resin was the second largest application market in 2017, and is anticipated to grow at a CAGR of 4.14%, in terms of consumption, during the forecast period.
In recent years, sharp fluctuations of oil prices on the international market have affected the development of the world economy. Under the influence of raw material, market competitions and economic conditions, the price of solvent naphtha is also unstable. In the next few years, we predict that price will increase as the cost of crude oil has been hiking. As competition intensifies, prices gap between different brands will go narrowing.
Over the next five years, LPI(LP Information) projects that Solvent Naphtha will register a 5.1% CAGR in terms of revenue, reach US$ 9710 million by 2023, from US$ 7200 million in 2017.
Solvent Naphtha Consumption Market Covered Segments:
The report segments the worldwide Solvent Naphtha Consumption market based on the type of product, end users, and regions. It describes the performance of the individual segment in Performance Management Software market growth. Solvent Naphtha Consumption market research is conducted leveraging the data sourced from the primary and secondary research team of industry professionals as well as the in-house databases.
|By Product Types||By Application/ End-user||Top players|
|Paraffin Solvent, CycloParaffin Solvent, C9 Solvent, C10 Solvent, Other, Segmentation by application:, Paints & Coatings, Agro Chemicals, Rubber & Resin, Printing Inks, Industrial Cleaning, Other||Paints & Coatings, Agro Chemicals, Rubber & Resin, Printing Inks, Industrial Cleaning, Other||Shell, ExxonMobil, Total, Chevron Phillips, SK, Calumet, Idemitsu, BP, Dow, Citgo, Reliance, KAPCO, Mitsubishi, CEPSA, Ganga Rasayanie, JX Nippon Oil & Energy, Neste, CPC Corporation, Gulf Chemicals and Industrial Oils, Sinopec, CNPC, Jiangsu Hualun, Changshu Alliance Chemical, Suzhou Jiutai Group|
Fundamental Reasons to buy Solvent Naphtha Consumption Market Report:
- Determine prospective investment areas based on a detailed trend analysis of the global Solvent Naphtha Consumption market over the next years.
- Gain in-depth understanding about the underlying factors driving demand for different Solvent Naphtha Consumption segments in the top spending countries across the world and identify the opportunities offered by each of them.
- Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels that are driving the global Solvent Naphtha Consumption market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Solvent Naphtha Consumption market.
- Make correct business decisions based on thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Solvent Naphtha Consumption solution providers around the world which include information about their products, alliances, recent contract wins and financial analysis wherever available.
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Competitive Landscape of Global Performance Management Software Industry:
Another notable feature of the Performance Management Software report offers the detailed company profiles of some of the prominent market players, which will remain active in forthcoming years, along with Performance Management Software product launches, key developments, financials details, product sale and gross margin, Performance Management Software business short-term and long-term marketing strategies and SWOT analysis of the companies. It has been observed that many of the market players are focused on product innovations and want to expand their geographical footprint in upcoming years. Although technological developments have given the boost to the Performance Management Software business which is prompting new openings and welcomes new players in form of start-ups.
The assessment of the winning strategies followed by these companies can help Performance Management Software industry not only strategize but also execute industry operations by referring to the statistics about competitor analysis. The valuation of the Performance Management Software industry analysis across different regions along with vital information on the market size, share and growth rate makes this report a wonderful resource for business evangelists.
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