Growing demand for Petroleum benzine among end users
Petroleum benzine is a hydrocarbon-based solvent that is marketed by its physical properties (vapor pressure, boiling point) rather than any specific chemical composition. Petroleum benzine is hazardous and generally used as a laboratory solvent. Petroleum benzine is available in different boiling ranges, which allows end-users to choose suitable petroleum benzine as per need.
Manufacturers are focusing on developing less hazardous Petroleum benzine which will enable consumers to increase their end-use not only as laboratory solvent but also as cleaning agents (in detergents). Less hazardous Petroleum benzine can help gain its market value to a new level as it can be used in the dry cleaning industry. However, considering the hazardous diverse effect of Petroleum benzine, it has grown substantially over the years due to its significant use as a solvent, and material spirit.
Global Petroleum benzine market is likely to register average lower-digit CAGR over forecast period
The global market of Petroleum benzine is likely to increase in upcoming forecast period because of its major use as laboratory solvent and glue remover. Petroleum benzine is stable, incompatible with strong oxidizing agents and its market has vast opportunities in the future.
According to Fact.MR, the global market for Petroleum benzine is estimated to be dominated by Asia Pacific and Europe by 2028-end due to increasing chemical companies in these regions. The global Petroleum benzine market is likely to register strong growth in North America region in the forecast period due to the increasing R&D for developing less hazardous Petroleum benzine. Its market is likely to grow in countries like China, India, Japan, and Russia.
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Petroleum benzine market drivers
Petroleum benzine market already has a significant end use as a laboratory solvent. In future manufactures have scope to increase their sales by developing less hazardous petroleum benzine by adjusting its hydrocarbon concentration. It is estimated that chronic exposure to petroleum benzine can cause a disease called Polyneuropathy.
Although cases of Polyneuropathy caused by petroleum benzine are less in numbers around the globe, researchers have the opportunity to develop a new version of petroleum benzine which will be safe for its handlers. With some modification, petroleum benzine can also use as paint thinners.
Currently, the painting industry is rapidly developing over the globe, and petroleum benzine can become a significant product in the painting industry. Furthermore, decidedly less concentrated petroleum benzine is used in the dry cleaning industry as a spot removing and cleansing agent.
Considering these current drivers petroleum benzine market is likely to grow with new horizons. However, manufacturers and researchers should grab opportunities to develop petroleum benzine, which will increase its demand in the future.
Leading Companies focused to less hazardous Petroleum benzine
The global market for Petroleum benzine is comprises of several developers who are primarily converging on less hazardous Petroleum benzine mainly for workers who experience direct contact with this chemical during manufacturing process. Some key market participants are A. B. Enterprises, Avi Chem Industries, Labdhi Chemicals.
Osler Scientific Enterprises. Atulya Chemicals, Parchem, A.S. Joshi and Company, Xilong Scientific Co., Ltd., Alpha Chemika, MilliporeSigma, Honeywell international inc., VWR International, BeanTown Chemical, Meru Chem PVT.
LTD., Mehta Petro Refineries LTD., Suraj Enerprises, Kazanorgsintez, Pan AuSai Petrochemicals, Pure Chemicals Co., Labdhi Chemicals, Triveni Chemicals, Barsainya Brothers, Expresolv Private Limited, Synthesis Chemical Lab, Delta Chemicals, Memba Chem Industries Private Limited, and Euclid
The research report presents a comprehensive assessment of the Petroleum benzine market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data.
It also includes projections using a suitable set of assumptions and methodologies for Petroleum benzine. The research report provides analysis and information according to Petroleum benzine market segmented into boiling range, packaging type, and end use applications.
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The Petroleum benzine report covers exhaustive analysis on:
- Petroleum benzine Market Segments.
- Petroleum benzine Market Dynamics
- Petroleum benzine Market Size
- Supply & Demand of
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Petroleum benzine Market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information of qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain for Petroleum benzine. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of Petroleum benzine. The report also maps the qualitative impact of various market factors on market segments and geographies.
An Adaptive Approach to Modern-day Research Needs
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size. in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Global Petroleum benzine market segmentation
The Petroleum benzine market can be segmented into boiling range, packaging type and end use applications.
By the boiling range, Petroleum benzine market can be categorized into
- 30 to 50oC
- 40 to 80oC
- 50 to 60oC
- 60 to 80oC
- 80 to 100oC
- 100 to 120oC
- 100 to 140oC
- 140 to 180oC
The Petroleum benzine market can be segmented in a different packaging types such as
- Bulk packaging.
End use applications of the Petroleum benzine market can be segmented into
- Paint thinners
- Dry cleaner
- Glue solvents
- Fabrics spot remover.
Geographically, the global market for Petroleum benzine can be segmented into seven regions:
- North America
- Latin America
- CIS & Russia
- Asia Pacific excluding Japan
- Middle East & Africa.
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