Europe Hydrocarbon Solvents Market Size, Share & Trends Analysis Report By Product (White Spirits, Hexane, Aromatic), By Application (Agriculture, Pharmaceutical), And Segment Forecasts, 2019 - 2025

Published: Jan, 2019 | Pages: 109 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The Europe hydrocarbon solvent market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc. it is anticipated to expand at a CAGR of 5.1% during the forecast period. Abundant availability of key petrochemical raw materials, relatively lower price of petroleum derived solvents compared to their counterparts, and sustained utilization in numerous end-use industries are some of the primary driving factors for the market.

The demand for solvent-based paint and coatings is growing at a steady rate owing to an increase in consumption in architectural applications and end-user industries such as oil and gas, aerospace, marine, and steel. The demand for paints and coatings is also on the rise due to increasing disposable income of consumers, product innovation, and market penetration.

In the European paint industry, white spirit holds a major share, with approximately 60% of this product being used for manufacturing varnishes, paints, and lacquers. Several other products have been introduced in the European market aligned with the regulatory compliances. A number of companies have introduced cycloparaffinic or naphthenic solvents as direct alternatives to xylene and toluene, which are aromatic but strictly regulated owing to their high Volatile Organic Compound (VOC) content.

One of the most significant value addition in the manufacturing of the hydrocarbon solvents is the commercialization of products with minimal or negligible environmental impact. The solvents with least VOCs proportions are gaining traction. Such trends are anticipated to significantly contribute towards rapid demand as well as product innovation by major participants in the Europe hydrocarbon solvent market.

The white spirits is estimated to be the fastest growing product segment with a CAGR of 2.2% in terms of consumption over the forecast period. While, aromatic hydrocarbon solvents was the most consumed product category and is expected to generate a total demand of around 910 kilo tons by 2025.

Further key findings from the report suggest:

•	Paints and coatings was the largest application segment and is expected to be reach over USD 630 million by 2025

•	Printing inks is one of the fastest growing application categories in Europe hydrocarbon solvents market and is expected to expand at a CAGR of 5.3% in terms of value over the next seven years

•	Germany accounted for over 15% of the total regional demand and is estimated to generated a total revenue of USD 316.9 million by 2025

•	Companies are now concentrating on sustainable approaches to manufacture chemical intermediates with very low VOC content to prevent serious environmental impact

•	Some of the key players operating in the Europe hydrocarbon solvent market include Eastman Chemical Corporation, Dow Dupont, BASF SE, Total SA, Ashland, and Chevron Corporation.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research methodology
                 1.2 Research scope and assumptions
                 1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Europe Hydrocarbon Solvent Market Variables, Trends & Scope
                 3.1 Europe Hydrocarbon Solvent Business Segment Trends
                     3.1.1 Product Segment Analysis:
                     3.1.2 End-use Segment Analysis:
                 3.2 Europe Hydrocarbon Solvent Market Value Chain Analysis
                     3.2.1 Distribution Channel Analysis
                     3.2.2 Value Addition & Profit Margin Analysis
                 3.3 Market Dynamics
                     3.3.1 Market driver analysis
                         3.3.1.1 Higher use of hydrocarbon solvent in paints industry backed by the growing European paint & coating industry
                         3.3.1.2 Significant increase in demand for paints & coatings from end-use industries
                     3.3.2 Market Restraint Analysis
                         3.3.2.1 Emergence of bio-based substitutes
                     3.3.3 Europe refinery outlook
                 3.4 Business Environment Analysis
                     3.4.1 Europe hydrocarbon solvent market Porter's analysis
                     3.4.2 Europe hydrocarbon solvent market: Macro-environmental analysis
                 3.5 Regulatory & Political Factors
                     3.5.1 Regulatory landscape
                     3.5.2 Europe's Chemical & Petrochemical Industry Competitiveness, by country (Strengths & Weakness)
Chapter 4 Europe Hydrocarbon Solvent Market: Product Estimates & Trend Analysis
                 4.1 Europe hydrocarbon solvent market share by product, 2017 & 2025
                     4.1.1 White Spirits
                         4.1.1.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     4.1.2 Hexane
                         4.1.2.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     4.1.3 Aromatics
                         4.1.3.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     4.1.4 Other hydrocarbon solvents
                         4.1.4.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
Chapter 5 Europe Hydrocarbon Solvent Market: Application Estimates & Trend Analysis
                 5.1 Europe hydrocarbon solvent market share by application, 2017 & 2025
                     5.1.1 Paints & Coatings
                         5.1.1.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.2 Printing Inks
                         5.1.2.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.3 Agricultural Chemicals
                         5.1.3.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.4 Pharmaceuticals
                         5.1.4.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.5 Adhesives
                         5.1.5.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.6 Metal cleaning
                         5.1.6.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
                     5.1.7 Other application segments
                         5.1.7.1 Market estimates & forecast, 2014 - 2025 (Volume & Revenue)
Chapter 6 Europe Hydrocarbon Solvent Market: Country Estimates & Trend Analysis
                 6.1 Europe hydrocarbon solvent market share by country, 2017 & 2025
                     6.1.1 Market estimates & forecast by product, 2014 - 2025 (Volume & Revenue)
                     6.1.2 Market estimates & forecast by application, 2014 - 2025 (Volume & Revenue)
                         6.1.2.1 Germany
                         6.1.2.2 Italy
                         6.1.2.3 France
                         6.1.2.4 Poland
                         6.1.2.5 Czech Republic
                         6.1.2.6 Austria
                         6.1.2.7 Ukraine
                         6.1.2.8 Romania
                         6.1.2.9 Bulgaria
                         6.1.2.10 South Slavic Region
Chapter 7 Competitive Landscape
                 7.1 Vendor landscape
                 7.2 Strategic initiatives & outcome analysis
                     7.2.1 List of key distributors
                     7.2.2 List of key strategies by companies
                 7.3 Four Quadrant Positioning
                 7.4 Heat Map Analysis
Chapter 8 Company Profiles
                 8.1 Eastman Chemical Company
                     8.1.1 Company overview
                     8.1.2 Financial performance
                     8.1.3 Product benchmarking
                 8.2 Exxon Mobil Corporation
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                     8.2.4 Strategic initiatives
                 8.3 Leading Solvents
                     8.3.1 Company overview
                     8.3.2 Product benchmarking
                 8.4 Royal Dutch Shell plc
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.3 Product benchmarking
                     8.4.4 Strategic initiatives
                 8.5 Huntsman International LLC
                     8.5.1 Company overview
                     8.5.2 Financial performance
                     8.5.3 Product benchmarking
                 8.6 Chevron Corporation
                     8.6.1 Company overview
                     8.6.2 Financial performance
                     8.6.3 Product benchmarking
                     8.6.4 Strategic initiatives
                 8.7 Total SA
                     8.7.1 Company overview
                     8.7.2 Financial performance
                     8.7.3 Product benchmarking
                 8.8 Ashland, Inc.
                     8.8.1 Company overview
                     8.8.2 Financial performance
                     8.8.3 Product benchmarking
                 8.9 DowDuPont
                     8.9.1 Company overview
                     8.9.2 Financial performance
                     8.9.3 Product benchmarking
                     8.9.4 Strategic initiatives
                 8.10 Honeywell International, Inc.
                     8.10.1 Company overview
                     8.10.2 Financial performance
                     8.10.3 Product benchmarking
                 8.11 Banner Chemicals Limited
                     8.11.1 Company overview
                     8.11.2 Product benchmarking
                 8.12 Kandla Energy & Chemicals Ltd.
                     8.12.1 Company overview
                     8.12.2 Product benchmarking
                 8.13 Kemetyl Group
                     8.13.1 Company overview
                     8.13.2 Product benchmarking

List of Tables

TABLE 1 Europe hydrocarbon solvent market - Key market driver analysis
TABLE 2 Europe hydrocarbon solvent market - Key market driver analysis
TABLE 3 Europe white spirits market estimates & forecast, 2014 - 2025 (Kilo Tons)
TABLE 4 Europe white spirits revenue estimates & forecast, 2014 - 2025 (USD Million)
TABLE 5 Europe hexane market estimates & forecast, 2014 - 2025 (Kilo Tons)
TABLE 6 Europe hexane revenue estimates & forecast, 2014 - 2025 (USD Million)
TABLE 7 Europe aromatics market estimates & forecast, 2014 - 2025 (Kilo Tons)
TABLE 8 Europe aromatics revenue estimates & forecast, 2014 - 2025 (USD Million)
TABLE 9 Europe other hydrocarbon solvents market estimates & forecast, 2014 - 2025 (Kilo Tons)
TABLE 10 Europe other hydrocarbon solvents revenue estimates & forecast, 2014 - 2025 (USD Million)
TABLE 11 Europe hydrocarbon solvents market estimates & forecast for paints & coatings application segment, 2014 - 2025 (Kilo Tons)
TABLE 12 Europe hydrocarbon solvents market estimates & forecast for paints & coatings application segment, 2014 - 2025 (USD Million)
TABLE 13 Europe hydrocarbon solvents market estimates & forecast for printing inks application segment, 2014 - 2025 (Kilo Tons)
TABLE 14 Europe hydrocarbon solvents market estimates & forecast for printing inks application segment, 2014 - 2025 (USD Million)
TABLE 15 Europe hydrocarbon solvents market estimates & forecast for agricultural chemicals application segment, 2014 - 2025 (Kilo Tons)
TABLE 16 Europe hydrocarbon solvents market estimates & forecast for agricultural chemicals application segment, 2014 - 2025 (USD Million)
TABLE 17 Europe hydrocarbon solvents market estimates & forecast for pharmaceuticals application segment, 2014 - 2025 (Kilo Tons)
TABLE 18 Europe hydrocarbon solvents market estimates & forecast for pharmaceuticals application segment, 2014 - 2025 (USD Million)
TABLE 19 Europe hydrocarbon solvents market estimates & forecast for adhesives application segment, 2014 - 2025 (Kilo Tons)
TABLE 20 Europe hydrocarbon solvents market estimates & forecast for adhesives application segment, 2014 - 2025 (USD Million)
TABLE 21 Europe hydrocarbon solvents market estimates & forecast for metal cleaning application segment, 2014 - 2025 (Kilo Tons)
TABLE 22 Europe hydrocarbon solvents market estimates & forecast for metal cleaning application segment, 2014 - 2025 (USD Million)
TABLE 23 Europe hydrocarbon solvents market estimates & forecast for other application segment, 2014 - 2025 (Kilo Tons)
TABLE 24 Europe hydrocarbon solvents market estimates & forecast for other application segment, 2014 - 2025 (USD Million)
TABLE 25 Europe hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 26 Europe hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 27 Europe hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 28 Europe hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 29 Germany hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 30 Germany hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 31 Germany hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 32 Germany hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 33 Italy hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 34 Italy hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 35 Italy hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 36 Italy hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 37 France hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 38 France hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 39 France hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 40 France hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 41 Poland hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 42 Poland hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 43 Poland hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 44 Poland hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 45 Czech Republic hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 46 Czech Republic hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 47 Czech Republic hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 48 Czech Republic hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 49 Austria hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 50 Austria hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 51 Austria hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 52 Austria hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 53 Ukraine hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 54 Ukraine hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 55 Ukraine hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 56 Ukraine hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 57 Romania hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 58 Romania hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 59 Romania hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 60 Romania hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 61 Bulgaria hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 62 Bulgaria hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 63 Bulgaria hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 64 Bulgaria hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 65 South Slavic region hydrocarbon solvent market estimates & forecast by product, 2014 - 2025 (Kilo Tons)
TABLE 66 South Slavic region hydrocarbon solvent revenue estimates & forecast by product, 2014 - 2025 (USD Million)
TABLE 67 South Slavic region hydrocarbon solvent market estimates & forecast by application, 2014 - 2025 (Kilo Tons)
TABLE 68 South Slavic region hydrocarbon solvent revenue estimates & forecast by application, 2014 - 2025 (USD Million)
TABLE 69 Hydrocarbon Solvent Market Heat Map Analysis

List of Figures

FIG. 1 Europe Hydrocarbon Solvent Market Segments
FIG. 2 Europe hydrocarbon solvent market value chain analysis
FIG. 3 Europe hydrocarbon solvent market dynamics
FIG. 4 Europe paints & coatings industry size and forecast 2014 - 2026 (USD Million)
FIG. 5 Europe annual growth percentage of end-use industries, 2017 (Annual sales growth percentage)
FIG. 6 Europe's yearly refinery average output percentage, by product along with their usage
FIG. 7 Europe hydrocarbon solvent market Porter's analysis
FIG. 8 Europe hydrocarbon solvent market: Macro-environmental analysis
FIG. 9 Europe hydrocarbon solvent market volume share by product, 2017 & 2025 (%)
FIG. 10 Europe hydrocarbon solvent market volume share by product, 2017 & 2025 (%)
FIG. 11 Europe hydrocarbon solvent market volume share by product, 2017 & 2025 (%)
FIG. 12 Europe Hydrocarbon solvent industry participants positioning