Isoparaffin Solvents Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

PUBLISHED: April 16, 2024

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Description

Isoparaffin solvents, derived from crude oil distillation, are essential components in various industries due to their superior properties compared to normal paraffin solvents. This article delves into the dynamics of the global isoparaffin solvents market, analyzing its segmentation, key players, and future prospects.

Understanding Isoparaffin Solvents:

Isoparaffin solvents, characterized by their branched-chain aliphatic hydrocarbons (CnH2n+2), are pivotal in several sectors including metalworking, industrial cleaning, paints & coatings, adhesives & sealants, and polymers. They offer better fuel characteristics and are obtained through processes like distillation and catalytic cracking. Despite their higher cost, their wide application areas and superior properties drive demand.

Customizing Product Portfolio:

Key market players like Total S.A. and Idemitsu Kosan Co., Ltd tailor their isoparaffin solvents to meet specific end-use requirements, offering high value-added products. For instance, Total S.A. provides the ISEAN range primarily for paints, resins, and metalworking, while Idemitsu Kosan Co., Ltd offers IP 1620, ideal for paints and coatings. Additionally, companies are focusing on developing solvents from naphtha-based feedstock to enhance efficiency and meet evolving consumer demands.

Key Developments:

The market witnesses increased consolidation and expansion activities as companies seek to meet rising demand, particularly in Asia Pacific. Total S.A.'s collaboration with Neste Oyj for renewable isoalkane supply exemplifies efforts towards sustainable solutions. These bio-based solvents cater to various applications including paints, coatings, printing inks, and cosmetics, reflecting the market's responsiveness to environmental concerns and regulatory shifts.

Market Segmentation:

The global isoparaffin solvents market is segmented by product type, application, and region. Product types range from C4-C8 to C15<, catering to diverse industrial needs. Applications include paints & coatings, industrial cleaning, adhesives & sealants, and more. Geographically, the market spans North America, Europe, Asia Pacific, and other regions, reflecting its global reach and presence.

Regional Insights:

South East Asia & Pacific emerges as a moderate value-high growth region, driven by rapid industrialization in countries like China, India, and ASEAN nations. The automotive, adhesive & sealant, agrochemical, and polymer industries contribute significantly to the region's demand for isoparaffin solvents. This trend underscores the market's responsiveness to regional dynamics and evolving industrial landscapes.

Research Methodology:

The research methodology employed a comprehensive approach involving primary and secondary data collection, hypothesis formulation, and triangulation. Data sources included annual reports, government directives, and public data, with historical data from 2013-2017 serving as the foundation for analysis. Supply and demand drivers were scrutinized to forecast market trends and dynamics.

Key Players:

Major players in the global isoparaffin solvents market include ExxonMobil Chemical, Royal Dutch Shell Chemicals, Idemitsu Kosan Co. Ltd, and Total S.A. Each player contributes to the market's competitiveness and innovation, driving product development and market expansion. Collaboration and strategic partnerships further enhance the industry's growth trajectory.

1. Executive Summary

1.1. Global Isoparaffin Solvents Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
- 2.7.1. World Economic Projections
2.8. PESTLE Analysis

3. Global Isoparaffin Solvents Market Outlook, 2018 - 2031

3.1. Global Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.1.1. Key Highlights
  - 3.1.1.1. C9 to C11
  - 3.1.1.2. C4 to C8
  - 3.1.1.3. C12
  - 3.1.1.4. C13 to C14
  - 3.1.1.5. C15<
3.2. Global Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.2.1. Key Highlights
  - 3.2.1.1. Paints & Coatings
  - 3.2.1.2. Metal Working
  - 3.2.1.3. Pesticides
  - 3.2.1.4. Polyolefin Synthesis
  - 3.2.1.5. Others
3.3. Global Isoparaffin Solvents Market Outlook, by Region, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 3.3.1. Key Highlights
  - 3.3.1.1. North America
  - 3.3.1.2. Europe
  - 3.3.1.3. Asia Pacific
  - 3.3.1.4. Latin America
  - 3.3.1.5. Middle East & Africa

4. North America Isoparaffin Solvents Market Outlook, 2018 - 2031

4.1. North America Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.1.1. Key Highlights
  - 4.1.1.1. C9 to C11
  - 4.1.1.2. C4 to C8
  - 4.1.1.3. C12
  - 4.1.1.4. C13 to C14
  - 4.1.1.5. C15<
4.2. North America Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.2.1. Key Highlights
  - 4.2.1.1. Paints & Coatings
  - 4.2.1.2. Metal Working
  - 4.2.1.3. Pesticides
  - 4.2.1.4. Polyolefin Synthesis
  - 4.2.1.5. Others
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
4.3. North America Isoparaffin Solvents Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.3.1. Key Highlights
  - 4.3.1.1. U.S. Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.2. U.S. Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.3. Canada Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 4.3.1.4. Canada Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis

5. Europe Isoparaffin Solvents Market Outlook, 2018 - 2031

5.1. Europe Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.1.1. Key Highlights
  - 5.1.1.1. C9 to C11
  - 5.1.1.2. C4 to C8
  - 5.1.1.3. C12
  - 5.1.1.4. C13 to C14
  - 5.1.1.5. C15<
5.2. Europe Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.2.1. Key Highlights
  - 5.2.1.1. Paints & Coatings
  - 5.2.1.2. Metal Working
  - 5.2.1.3. Pesticides
  - 5.2.1.4. Polyolefin Synthesis
  - 5.2.1.5. Others
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Europe Isoparaffin Solvents Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.1. Key Highlights
  - 5.3.1.1. Germany Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.2. Germany Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.3. U.K. Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.4. U.K. Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.5. France Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.6. France Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.7. Italy Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.8. Italy Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.9. Turkey Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.10. Turkey Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.11. Russia Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.12. Russia Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.13. Rest of Europe Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 5.3.1.14. Rest of Europe Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Isoparaffin Solvents Market Outlook, 2018 - 2031

6.1. Asia Pacific Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.1.1. Key Highlights
  - 6.1.1.1. C9 to C11
  - 6.1.1.2. C4 to C8
  - 6.1.1.3. C12
  - 6.1.1.4. C13 to C14
  - 6.1.1.5. C15<
6.2. Asia Pacific Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.2.1. Key Highlights
  - 6.2.1.1. Paints & Coatings
  - 6.2.1.2. Metal Working
  - 6.2.1.3. Pesticides
  - 6.2.1.4. Polyolefin Synthesis
  - 6.2.1.5. Others
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
6.3. Asia Pacific Isoparaffin Solvents Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.3.1. Key Highlights
  - 6.3.1.1. China Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.2. China Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.3. Japan Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.4. Japan Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.5. South Korea Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.6. South Korea Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.7. India Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.8. India Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.9. Southeast Asia Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.10. Southeast Asia Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.11. Rest of Asia Pacific Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 6.3.1.12. Rest of Asia Pacific Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Latin America Isoparaffin Solvents Market Outlook, 2018 - 2031

7.1. Latin America Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.1.1. Key Highlights
  - 7.1.1.1. C9 to C11
  - 7.1.1.2. C4 to C8
  - 7.1.1.3. C12
  - 7.1.1.4. C13 to C14
  - 7.1.1.5. C15<
7.2. Latin America Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Latin America Isoparaffin Solvents Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.3.1. Key Highlights
  - 7.3.1.1. Brazil Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.2. Brazil Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.3. Mexico Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.4. Mexico Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.5. Argentina Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.6. Argentina Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.7. Rest of Latin America Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 7.3.1.8. Rest of Latin America Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Isoparaffin Solvents Market Outlook, 2018 - 2031

8.1. Middle East & Africa Isoparaffin Solvents Market Outlook, by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.1.1. Key Highlights
  - 8.1.1.1. C9 to C11
  - 8.1.1.2. C4 to C8
  - 8.1.1.3. C12
  - 8.1.1.4. C13 to C14
  - 8.1.1.5. C15<
8.2. Middle East & Africa Isoparaffin Solvents Market Outlook, by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.2.1. Key Highlights
  - 8.2.1.1. Paints & Coatings
  - 8.2.1.2. Metal Working
  - 8.2.1.3. Pesticides
  - 8.2.1.4. Polyolefin Synthesis
  - 8.2.1.5. Others
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Middle East & Africa Isoparaffin Solvents Market Outlook, by Country, Value (US$ Bn) and Volume (Tons), 2018 - 2031
- 8.3.1. Key Highlights
  - 8.3.1.1. GCC Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.3.1.2. GCC Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
  - 8.3.1.3. South Africa Isoparaffin Solvents Market by Product Type, Value (US$

Bn) and Volume (Tons), 2018 - 2031

8.3.1.4. South Africa Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.5. Egypt Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.6. Egypt Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.7. Nigeria Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.8. Nigeria Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.9. Rest of Middle East & Africa Isoparaffin Solvents Market by Product Type, Value (US$ Bn) and Volume (Tons), 2018 - 2031
8.3.1.10. Rest of Middle East & Africa Isoparaffin Solvents Market by End Use, Value (US$ Bn) and Volume (Tons), 2018 - 2031

8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Manufacturer vs by End Use Heatmap
9.2. Company Market Share Analysis, 2023
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. TotalEnergies SE
  - 9.4.1.1.Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Development
- 9.4.2. Idemitsu Kosan Co., Ltd.
- 9.4.3. ExxonMobil Corporation
- 9.4.4. Shell plc
- 9.4.5. Chevron Phillips Chemical Company
- 9.4.6. Braskem
- 9.4.7. Mehta Petro Refineries Limited
- 9.4.8. RB Products, Inc. (U.S.)