According to a new report by Expert Market Research, ‘Global Isoparaffin Solvents Market Size, Share, Price, Trends, Report and Forecast 2020-2025’, the global Isoparaffin Solvents market size was USD 347.3 million and it is expected to reach USD 455.1 million by the end of 2025, with a CAGR of 3.7% during the forecast period.
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Competitive Landscape & Supplier Analysis:
- Chevron Phillips Chemical Company
- Idemitsu Kosan Co. Ltd (TYO: 5019)
- Exxon Mobil Corporation (NYSE: XOM)
- Total S.A. (EPA: FP)
- Royal Dutch Shell plc (AMS: RDSA)
- Braskem S.A. (BVMF: BRKM5)
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Isoparaffin is an important class of hydrocarbon solvents primarily used for industrial applications. Isoparaffin solvents are used in a wide diversity of applications, such as fluids in metalworking; industrial cleaning products; as solvents for paints and coating, adhesives and sealant; and products for photocopiers. Pure grade isoparaffin solvents are typically produced through distillation and catalytic cracking. Properties typical of these grades can be better solvency, high flash point, low pour point, and excellent safety profiles. As pure grades are increasingly inert, they find use in food contact materials applications. A combination of higher compatibility, increased safety, and low odor properties that isoparaffin solvents possess is key to their rising demand in various industrial applications.
Moreover, isoparaffin solvents are also applied in various application areas, such as water treatment, chemical synthesis, electronics appliances, wax cleaners, printing inks, etc. These solvents have better solvency, high flash point and boiling point and high flammability. They are costlier than paraffin components and this may prove to be a challenge to their adoption among consumers.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/isoparaffin-solvents-market
The report offers critical assessment of key growth dynamics, lucrative avenues, and prevailing end-use demand trends that shape the contours of the global isoparaffin solvents market.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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