Isoparaffin Solvent Market

Isoparaffin Solvent Market Analysis by Use in Paints & Coatings, Industrial, Adhesives & Sealants, Polymerization, Agrochemicals, and Pharma & Personal Care Products from 2024 to 2034

Analysis of Isoparaffin Solvent Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Isoparaffin Solvent Market Outlook (2024 to 2034)

According to the latest industry analysis by Fact.MR, the global isoparaffin solvent market size has been valued at US$ 858.6 million in 2024. Projections are that the market will expand at a CAGR of 3.8% to end up at US$ 1.25 billion by 2034.

Isoparaffins, also known as synthetic hydrocarbons, are one of the most versatile petroleum-based products. Based on the purity of isoparaffins, they are used in different industries such as personal care, cleaning, and agriculture.

Since isoparaffins are odorless solvents, they are widely used in odor-free paints, dry sprays, home sprays, and beauty products. These solvents have a high flash point, which results in lower inflammability. These features make them pretty useful in the metal solvent extraction process.

Report Attributes Details
Isoparaffin Solvent Market Size (2023A) US$ 827.1 Million
Estimated Market Value (2024E) US$ 858.6 Million
Forecasted Market Value (2034F) US$ 1.25 Billion
Global Market Growth Rate (2024 to 2034) 3.8% CAGR
North America Market Share (2024) 28.6%
South Korea Market Growth Rate (2024 to 2034) 6.1% CAGR
Key Companies Profiled
  • Exxon Mobil Corporation
  • Royal Dutch Shell plc.
  • Demits Kosan Co Ltd
  • Chevron Phillips Chemical Company
  • Mehta Petro Refineries Limited
  • RB Products, Inc.
  • Maruzen Petrochemical Co. Ltd.
  • Braskem
  • Other Prominent Players

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Consumption Analysis of Isoparaffin Solvents (2019 to 2023) vs. Future Market Path (2024 to 2034)

The market for isoparaffin solvents exhibited steady growth in 2023 with global revenue up 3.8% year-over-year. This detailed industry analysis revealed that market revenue reached US$ 827.1 million at the end of 2023, which increased from US$ 712.5 million in 2019.

  • Short Term (2024 to 2027): Increasing application of isoparaffin in the industrial sector coupled with steady increase in the use of paints in the construction sector will drive the market over the next few years. The scope of refined isoparaffin is widening in new agrochemicals and pharma and personal care products.
    • According to the USDA Agricultural Marketing Services, refined isoparaffin has lower volatile organic compounds, which makes it fit for a variety of applications such as defoamers, cosmetics, waterless hand cleaners, water treatment products, and animal feed.
  • Medium Term (2027 to 2030): Key market players will expand their business by increasing the manufacturing capacity of their plants. New technological advancements in manufacturing will improve the purity of solvents. Advanced technologies such as IoT will help manufacturers reduce the wastage in processes and increased automation will reduce the risk of hazardous incidents.
  • Long Term (2030 to 2034): Hydrocarbon chemicals are non-renewable resources. In the long run, manufacturers are expected to find a sustainable way of manufacturing. Investments in R&D will play a crucial role in making the solvent more efficient and effective.

What are the Noteworthy Isoparaffin Solvent Market Trends?

“Extensive Usage of Isoparaffin Solvents in Inks, Aerosol, and Paints”

Most consumers prefer oil-based paints, which offer durability and a long-lasting finish. The low viscosity of isoparaffins allows superior spreading and wetting surface ability. To overcome the limitation of odor of oil-based paints, odorless solvents such as isoparaffins are widely used. Isoparaffinic solvents are also biodegradable, making them environment-friendly solvents, which is driving their usage across the world.

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What are the Challenges Encountered by Manufacturers of Isoparaffin Solvents?

“Price Volatility and Availability of Alternative Substitutes”

Isoparaffin solvents are derived from petroleum and pricing fluctuates depending upon the supply and demand for hydrocarbons. Manufacturers of isoparaffin solvents are vulnerable due to the price fluctuation of raw materials. Also, its flammability nature poses a risk to transportation and storage. The operational handling cost of paraffin solvents is comparatively more than alternative solvents. Due to this, the threat of the use of alternative substances is emerging and is expected to affect isoparaffin solvent market growth to some extent.

Country-wise Insights

Why is Adoption of Isoparaffin Solvents High in the United States?

“Extensive Use of Isoparaffin Solvents in Cleaning Industry”

The market for isoparaffin solvents in the United States is estimated at a value of US$ 176.1 million in 2024 and is projected to expand at a CAGR of 4.2% through 2034. This market has been calculated to generate US$ 90.6 million absolute opportunity from 2024 to 2034.

Today’s modern customers expect their cleaning agents to perform better without damaging the substrates. Also, the product should not harm one’s health by irritating the skin or eyes. Isoparaffin is also used in polishes, which dissolve impurities and clean the surface. Isoparaffin solvents do not have a strong odor when compared with other cleansers, which assures the convenience of a cleaner and odor-free surface. Owing to this factor, in the United States, isoparaffin is not only used in households but in commercial cleaners as well.

Will China Be a Lucrative Market for Isoparaffinic Solvent Manufacturers?

“Constant Industrialization to Drive Isoparaffinic Solvent Usage”

The market in China has been estimated at a size of US$ 178.3 million in 2024 and is projected to expand at a CAGR of 4.4% to reach US$ 274.3 million by 2034.

Low surface tension and excellent solvency power of the isoparaffinic solvent make it an ideal solution for industrial cleaning applications. It is utilized for effectively removing oils, wax, greases, and other contaminants from surfaces. It does not leave any residue behind on the surface after cleaning; therefore, it is used for precision cleaning. It is also used for degreasing machinery and cleaning electronic components.

China is the world’s manufacturing hub.

  • According to the Organization for Economic Cooperation and Development (OECD), the Chinese production and manufacturing sector accounted for 35% of the world’s gross production in 2023. Also, the government recently launched the 'Made in China 2025' campaign, which will ensure the Chinese manufacturing sector's prosperity.

With such growth in store, the isoparaffin solvent market size in China will expand at a steady rate over the next ten years.

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Category-wise Insights

Which Material is Widely Preferred for Production of Isoparaffin Solvents?

“High Demand for C9-C11 Isoparaffin Solvents Due to Their low viscosity”

The market value for C9-C11 isoparaffin solvents has been calculated at US$ 270.4 million in 2024, which is projected to expand at a CAGR of 4.2% to reach US$ 408.9 million by the end of 2034.

A refined mixture of C9-C11 is produced by hydrogenating the petroleum-derived feedstock in the presence of a catalyst. Eye makeup products such as mascara, manicuring preparations, skincare, and hair care products have isoparaffin solvents in them. C9-C10 is used as a viscosity-decreasing agent in these cosmetics and personal care products.

It is also used as a process solvent as it offers several benefits. Its low viscosity property allows easy flow and material penetration. When it is used as a solvent, it effectively dissolves substances such as resins, wax, organic compounds, and oils, in it. Furthermore, C9-C10 isoparaffin is a chemically stable solvent. It does not react with other substances, which reduces the risk of reaction with unwanted chemicals.

For Which Application are Isoparaffin Solvents Widely Preferred?

“High Demand for Isoparaffin Solvents for PTFE Extrusion Coating”

Extrusion of polytetrafluoroethylene is done for the manufacturing of pipes, tubes, and rods. During polytetrafluoroethylene (PTFE) extrusion, isoparaffin solvents are used as a lubricant and processing aid chemical. This helps reduce friction between the PTFE material and the extrusion equipment, which further helps minimize damage and defects in the product.

Hydrocarbon solvents have a relatively low boiling point, which means that they easily evaporate after the extrusion process. After evaporation, they leave behind a clean and pure extruded PTFE product. Also, the lower velocity of isoparaffin minimizes the content of residual solvent after the extrusion process, which ensures the quality and safety of the product.

Competitive Landscape

Key players in the isoparaffin solvent market are Exxon Mobil Corporation, Royal Dutch Shell plc., Demits Kosan Co Ltd, Chevron Phillips Chemical Company, Mehta Petro Refineries Limited, RB Products, Inc., Maruzen Petrochemical Co. Ltd., and Braskem, among others.

Companies are devoting a significant portion of their revenue to R&D and to the development and commercialization of products. Some are partnering with end-use industries to satisfy industry-specific needs and increase their isoparaffin solvent market share.

  • In November 2023, Chevron Phillips Chemical announced its position as an operator for a new joint venture called Golden Triangle Polymers with QatarEnergy. Chevron Phillips Chemical on-boarded 28 process operators from the Golden Triangle region for its polymers facility in Orange County, Texas.

Fact.MR has provided detailed information about the price points of key manufacturers of isoparaffin solvents positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Isoparaffin Solvent Market Research

  • By Product Type :

    • C4 to C8
    • C9 to C11
    • C12
    • C13 to C14
    • C15<
  • By Application :

    • Paints & Coatings
    • Industrial
      • Metal Working Fluids
      • Industrial Cleaning
    • Adhesives & Sealants
    • Polymerization
    • Agrochemicals
    • Pharma and Personal Care Products
    • Others
  • By Region :

    • North America
    • Latin America
    • Western Europe
    • Eastern Europe
    • East Asia
    • South Asia & Pacific
    • Middle East & Africa

- FAQs -

Which product type held a leading share of the isoparaffin solvent market in 2023?

The C9-C11 product type accounted for 31.3% share of the isoparaffin solvent market in 2023.

What is the estimated valuation of the isoparaffin solvent market in 2024?

The global isoparaffin solvent market is estimated to be valued at US$ 858.6 million in 2024.

Which region accounts for a leading market share?

East Asia is estimated to account for 36.5% share of the global market in 2024.

What is the demand projection for isoparaffin solvents for 2034?

Worldwide demand for isoparaffin solvents is projected to reach a market value of US$ 1.25 billion by 2034-end.

What is the sales projection for isoparaffin solvents through 2034?

Sales of isoparaffin solvents are forecasted to increase at a CAGR of 3.8% through 2034.

What value CAGR did the Isoparaffin solvent market exhibit over the last five years?

The historic growth rate of the market was 3% from 2019 to 2023.

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Isoparaffin Solvent Market

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