Los Angeles, CA -- (SBWire) -- 07/03/2019 --N-Heptane (C7H16) is a colorless liquid that is insoluble in water. It is obtained by fractional distillation of petroleum. Heptane is not only flammable, but also moderately toxic if inhaled. It is used as a solvent, as an anaesthetic and in organic synthesis.
Currently, there are several producing companies in the world heptane industry. The main players are SK, Shell, Chevron Phillips Chemical, ExxonMobil, Phillips 66and Mitsubishi Shoji Chemical. The global sales of heptane will increase to 53794 MT in 2018 from 42157 MT in 2013 with average growth rate of 5.00%.
In consumption market, Asia Pacific and North America are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 77.49% of the global consumption volume in total.
Heptane has several grades, which include heptane 95%, heptane 97%, heptane 99%, etc. And each type has different application people and places relatively. With entertainment and fitness effect of heptane, the downstream application industries will need more heptane products. So, heptane has a huge market potential in the future.
The global N-Heptane market was 56700 million US$ in 2018 and is expected to 70900 million US$ by the end of 2025, growing at a CAGR of 3.2% between 2019 and 2025.
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This report studies the N-Heptane market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of N-Heptane in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
SK
Shell
Chuzhou Runda Solvents
Chevron Phillips Chemical
ExxonMobil
Phillips 66
Mitsubishi Shoji Chemical
Liyang Liancheng
Wuyang Chemical
ZT League
Hai Shunde
DHC Solvent Chemie GmbH
By the product type, the market is primarily split into
Heptane 95%
Heptane 97%
Other
By the end users/application, this report covers the following segments
Pharmaceutical Intermediates
Electronics
Industrial Solvents
Chemical Synthesis
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N-Heptane Market Region Wise Analysis of Top Players in Market by Its Types and Application by 2025