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Isoparaffin Solvents Market Overview:
Information about competitors may be found in the for Isoparaffin Solvents Market competitive landscape. In addition to the firm's strengths and shortcomings, other aspects that should be considered include the company's location, internal business processes, financial data, earnings, market potential, RD spending, market entrance initiatives, product introduction, and application dominance. The numbers listed above only cover companies that offer services to companies in the metallic pigments industry.
Isoparaffin Solvents Market was valued at USD 4.01 Billion in 2021, and it is expected to reach USD 5.3 Billion by 2029, exhibiting a CAGR of 4.06 % during the forecast period (2022-2029).
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Market Scope:
To validate and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
Segmentation:
By Application, the industrial segment is expected to grow at the highest CAGR of XX % during the forecast period. This growth is attributed to the growth of industrialization across developed and developing economies. Additionally, the adhesives and sealants industry has been witnessing healthy growth over the past few decades and is projected to continue doing so during 2021-2029.
The COVID-19 pandemic has resulted in increased sales of pharma and personal care product like skincare products. In April 2020, as per the L'Oreal quarterly report published, brands such as Lancôme, Kiehl’s and Helena Rubinstein, which have a large proportion of skincare products. Thus, the skincare section with commodity brands and brands focusing on personal hygiene and cleansing is expected to fuel demand for isoparaffin solvents in pharma and personal care sector.
Based on Product Type, the C9-C11 segment dominated the isoparaffin solvents market during the forecast period, accounting for a share of XX.19%. The C9-C11 remains the top-selling product in isoparaffin solvents space. The C12 is expected to be the second best selling product type, however, C4-C8 continues to register moderate demand in future, as indicated by the MMR report for isoparaffin solvents market. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the isoparaffin solvents market size.
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Key Players: Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources.
The following are the key players of the Isoparaffin Solvents market-
• ExxonMobil Chemical
• Emerson
• Synchrony
• Braskem
• Chevron Phillips Chemical Company
• Total S.A
• Idemitsu
• Bosch Rexroth
• Shell Chemicals
• Maruzen Petrochemical CO., LTD
• Fuji Electric
• INEOS
• RB Products, Braskem
• Meidensha
• Jing-Jin Electric
• Mehta Petro Refineries Limited
• Idemitsu Kosan Co. Ltd
Regional Analysis:
Individual market influencing elements and changes in market rules that impact present and future market trends are also included in the geographical factor of the research. Only a few of the indicators utilized to anticipate market scenarios for distinct nations include downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies.
COVID-19 Impact Analysis on Isoparaffin Solvents Market: The study also looks at the influence of COVID-19 on the Isoparaffin Solvents market. The primary goal of this study is to assist the user in understanding the market in terms of definition, segmentation, market potential, notable trends, and challenges that the industry is experiencing across major regions. The report presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Isoparaffin Solvents Market. The particular research focuses on market share and size, demonstrating clearly the impact that the epidemic has had and will have on the global Isoparaffin Solvents Market in the next years.
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Key Questions Answered in the Isoparaffin Solvents Market Report are:
- What will be the CAGR of the Isoparaffin Solvents market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Isoparaffin Solvents market?
- Which are the prominent players in the Isoparaffin Solvents market?
- What key trends are likely to emerge in the Isoparaffin Solvents market in the forecast period?
- What will be the Isoparaffin Solvents market size by 2027?
- Which company held the largest share in the Isoparaffin Solvents market in 2020?
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