Persistence Market Research announced the addition of the “Isoparaffin Solvents Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026" report to their offering.

New York, NY -- (SBWire) -- 11/30/2018 --The newly published report by Persistence Market Research titled "Isoparaffin Solvents Market: Global Industry Analysis 2013–2017 and Forecast 2018–2026" studies the isoparaffin solvents market and offers a detailed overview of key data pertaining to the market for the coming eight years. As per PMR analysis, the industrial segment of the isoparaffin solvents market, by application, is estimated to dominate the segment and account for more than a 20% market share in the global isoparaffin solvents market while expanding at a healthy CAGR of 4.4% during 2018–2026.

Sales of isoparaffin solvents is expected to be valued at US$ 155.1 Mn in FY2018 and is projected to reach US$ 207.0 Mn by the end of 2026. The market is expected to expand at a CAGR of 3.7% over the forecast period.

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Global Isoparaffin Solvents Market: Dynamics

The demand from paint, coating and ink applications has been rising with the increase in infrastructural activities worldwide. These activities include the construction of buildings, malls, universities, etc. Construction activities create demand odor less paint stripper and fast drying paints with better solvency, among others. Isoparaffin solvents possess said properties and are, thus, witnessing huge demand from paint and coating applications.

The demand for isoparaffin solvents from industrial applications, such as metalworking and industrial cleaning applications, has been increasing steadily. Medium and higher flash point products are mostly used for these applications. Isoparaffin solvents, especially high flash point grade solvents, are non-corrosive to metals and leave relatively lower levels of residue post processing and hence, isoparaffin solvents are increasingly being used for metalworking applications. Moreover, such high flash point grade isoparaffin solvents can withstand relatively higher working temperatures. Isoparaffin solvents are also used in degreasing applications as they exhibit chemical inertness and low surface tension, offer good degreasing ability and produce low residual mater and low odor.

Attributing to economic growth and increasing industrialization as well as urbanization, the demand for metalworking fluids such as isoparaffin solvents from large construction activities, major industries, engines, rails, ships and other areas has been witnessing sustainable growth. This will act as a driver for the global isoparaffin solvents market in the next few years.

Global Isoparaffin Solvents Market: Segmentation Analysis

The global isoparaffin solvents market is expected to be dominated by the C9-C11 segment, which is projected to expand at a significant CAGR over the forecast period. These isomers are tailored to cater to specific end-use requirements. Thus, vendors of isoparaffin solvents prefer to offer high value-added solvents such as C9-C11, C12 and C13-C14 to gain a high share in the market.

By application, industrial and adhesive & sealant segments are expected to be the prominent segments in the global isoparaffin solvents market, expanding at healthy CAGRs of 4.4% and 3.7% respectively. The ever-increasing demand for solvents from numerous end-users such as chemical, polymer and automotive industries (for metal cleaning applications) is estimated to drive the growth of the isoparaffin solvents market over the forecast period.

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Global Isoparaffin Solvents Market: Regional Market Projections

On the basis of geography, the global isoparaffin solvents market has been segmented into seven key regions: North America, Latin America, Europe, South East Asia Pacific, China, Middle East& Africa, and Japan. Among these regions, North America is estimated to hold a 21.5% market share in the global isoparaffin solvents market during the forecast period, i.e. 2018–2026. Moreover, Europe and China markets are anticipated to grow at significant CAGRs of 3.8% and 4.2% respectively.

Some of the players identified in this study on the global isoparaffin solvents market are ExxonMobil Chemical, Royal Dutch Shell Chemicals, Idemitsu Kosan Co. Ltd, RB Products, Braskem, Chevron Phillips Chemical Company, Total S.A., Mehta Petro Refineries Limited and Maruzen Petrochemical Co., Ltd.