What is Global Low Naphthalene Solvent Naphtha Market?
The Global Low Naphthalene Solvent Naphtha Market is a vast and complex field that encompasses a wide range of products and applications. It refers to the global market for solvent naphtha that has a low naphthalene content. Naphthalene is a polycyclic aromatic hydrocarbon that is often used in the production of various chemicals and materials. However, due to its potential health and environmental risks, there has been a growing demand for solvent naphtha with a low naphthalene content. This market includes a variety of products, including those with a purity of 97% or more, 98% or more, and others. These products are used in a wide range of industries and applications, including paints and coatings, agrochemicals, rubber and resin, printing inks, and others.
Purity≥97%, Purity≥98%, Other in the Global Low Naphthalene Solvent Naphtha Market Market:
The Global Low Naphthalene Solvent Naphtha Market is segmented based on the purity of the product. Products with a purity of 97% or more and 98% or more are the most common in the market. These products are preferred due to their high efficiency and low risk of contamination. They are used in a variety of applications, including the production of paints and coatings, agrochemicals, rubber and resin, and printing inks. Other products in the market include those with a lower purity level. These products are typically less expensive and are used in applications where a high level of purity is not required.
Paints and Coatings, Agro Chemicals, Rubber and Resin, Printing Inks, Others in the Global Low Naphthalene Solvent Naphtha Market Market:
The Global Low Naphthalene Solvent Naphtha Market finds its usage in a variety of areas. One of the primary uses is in the paints and coatings industry. Here, it is used as a solvent to dissolve resins, improve drying times, and enhance the finish of the product. In the agrochemicals industry, it is used in the production of pesticides and other chemicals. In the rubber and resin industry, it is used as a softening and curing agent. It is also used in the production of printing inks, where it helps to improve the flow and drying of the ink. Other uses include its application in the production of adhesives, sealants, and other chemicals.
Global Low Naphthalene Solvent Naphtha Market Market Outlook:
According to a recent survey, the outlook for the Global Low Naphthalene Solvent Naphtha Market is positive. The market is expected to grow from its current value of US$ 210 million in 2022 to an estimated value of US$ 326.8 million by 2029. This represents a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2029. This growth is driven by the increasing demand for low naphthalene solvent naphtha in various industries, including paints and coatings, agrochemicals, rubber and resin, and printing inks. The market's growth is also supported by the ongoing efforts to reduce the environmental and health risks associated with the use of high-naphthalene products.
| Report Metric | Details |
| Report Name | Low Naphthalene Solvent Naphtha Market |
| Accounted market size in 2022 | US$ 210 million |
| Forecasted market size in 2029 | US$ 326.8 million |
| CAGR | 6.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Shell, ExxonMobil, TotalEnergies, SK Geo Centric, Hanwha Total, Flint Hills Resources, Haltermann Carless, Braskem, DHC Solvent Chemie, Ganga Rasayanie, Sinopec, CNPC, Jiangsu Hualun Chemical, Suzhou Jiutai Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
