Albany, NY -- (SBWIRE) -- 05/21/2018 -- With the growing need for protective coatings for the electronic devices, demand for solvent naphtha is expected to remain high. Increasing production of a range of electronic devices is likely to reflect positively on the growth of the solvent naphtha market. A newly added research report titled 'Global Solvent Naphtha Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023' has been added to the repository of Market Research Hub (MRH), which offers crucial information pertaining to the impact of recent market trends and developments on the overall growth of the global market.
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Snapshot of Solvent Naphtha Market
To prevent corrosion of various machines and equipment, leading manufacturers in the electronics industry are focusing on investing in a range of protective coatings. Major manufacturers are also utilizing Naphtha for thinning the oil-based varnishes, paints, enamels, and stains. As solvent naphtha has a better strength as compared to the other paint thinners and is witnessed to have a fast evaporation rate, leading manufacturers are utilizing this as an important component in the production of fast drying thinner products that are used for spraying and brushing applications in the manufacturing industries.
Besides paint thinners, increasing production of the architectural paints and printing inks has further intensified demand for solvent naphtha globally. Leading manufacturers across industries prefer diverting their investments in architectural paints and printing inks with solvent naphtha as its core ingredient. Attributed to the fast drying features of solvent naphtha, major manufacturers prefer utilizing it in the production of various paints and inks to offer quick-drying features and enhanced customer experience. To sustain their lead in the competitive market, leading companies are focusing on offering solvent naphtha products on various online platforms at reasonable prices.
Segmentation of Solvent Naphtha Market
Valuable insights encapsulated in the report offers crucial information on the impact of various segments on the overall market growth. This section of the report identifies two major segments in the solvent naphtha market, which include type and application. On the basis of type, the global market is segmented as CycloParaffin Solvent, C10 Solvent, Paraffin Solvent, C9 Solvent, and others. Based on application, the market is segmented as Agro Chemicals, Printing Inks, Paints & Coatings, Rubber & Resin, and others.
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In addition to the segmentation, the research report is sectioned in terms of various regions. On the basis of regions, the market is segmented as Europe, North America, South America, Asia Pacific, and the Middle East and Africa. Crucial information provided in the report also briefs the readers on the impact of various strategies implemented by key companies in various regions. Based on these insights, leading firms can get a better understanding of the current market trends and developments and make accurate investment decisions.
Key Companies Identified in Solvent Naphtha Market
Perspectives compiled in the research report offers imperative information on marketing strategies implemented by leading companies and its impact on the investment decisions of the end-user industries and manufacturers. On the basis of the insights offered in the report, major companies and new entrants can implement accurate analysis and right investment decisions. ExxonMobil, Chevron Phillips, Calumet, BP, Citgo, KAPCO, CEPSA, Shell, Total, SK, Idemitsu, Dow, Reliance, Mitsubishi, Ganga Rasayanie are some of the leading market players identified in the global market among others.
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