Global Isoparaffin Solvents Accounted for 130621 MT in 2016

Isoparaffin is a synthetic solvent with a unique combination of flash point, evaporation rate and boiling range. It is produced by using a carefully controlled process condition and feedstocks which give the resulting Isoparaffin a consistent structure, composition, performance properties and low impurities. It is odorless hence it suitable for use in printing inks, hand cleaners, odorless paints, photocopiers, dry cleaning, household sprays, fragrant polishes and wallpaper manufacture.

In terms of revenue, the global Isoparaffin Solvents market was valued 134.97 million USD in 2016, and is estimated to be worth 159.61 million USD by 2022, with the average annual growth rate of 2.42% from 2016 to 2022. In terms of production, the global Isoparaffin Solvents accounted for 130621 MT in 2016, and is anticipated to reach 155720 MT by 2022.

The top players cover Shell, ExxonMobil Chemical, Idemitsu, Total and Chevron Phillips Chemical Company etc., which are playing important roles in global Isoparaffin Solvents market. Shell, ExxonMobil Chemical and Idemitsu are considered as the top 3 players in the market, with a combined market share of 45.06% in 2016. Recently, manufacturers from developing areas like Luan Group are developing fast in the market.

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Global Isoparaffin Solvents Market:

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Upstream of Isoparaffin Solvents is naphtha, which is a kind of crude derived product. The downstream application of Isoparaffin Solvents is highly fragmented, which are mainly Paints & Coatings, Metalworking, Agrochemical Formulation, Polymers, Cleaning, Personal Care, etc. The price of crude oil has impact on price of Isoparaffin Solvents. Production of Isoparaffin Solvents is quite concentrated, with limited players take the major share. The downstream users have low bargaining power over manufacturers.

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