Europe Special Boiling Point Solvents Market Analysis and Opportunities by 2027
Europe Special Boiling Point Solvents Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Solvent Base (Petroleum Ether, Rubber Solvent, and Others), Application (Paints and Coatings, Rubbers and Tires, Inks, Adhesives, Resins, Cleaning Agents, and Others)
- Report Date : May 2021
- Report Code : TIPRE00022529
- Category : Chemicals and Materials
- Status : Published
- Available Report Formats :
- No. of Pages : 119
The Europe special boiling point solvents market is expected to grow from US$ 234.89 million in 2019 to US$ 293.70 million by 2027; it is estimated to grow at a CAGR of 3.0% from 2020 to 2027.
The market for Europe includes Germany, France, Italy, the UK, Russia, and the rest of Europe. The chemical industry contributes a significant share to the GDP of the region. This industry supports the growth of the economy by assisting with various materials to be used in end-use applications that result in the creation of a diversified array of business opportunities and services. The chemical and materials industry of the EU is considered a significant sector as it contributes to the country’s GDP and employs millions of people in the region. Increasing demand for special boiling point solvents in various chemical processing, paints and coatings, rubber, ink, and others influences the special boiling point solvents market in Europe.
In case of COVID-19, in Europe, especially France, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of solvents manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for special boiling point solvents during the early months of 2020. Moreover, decline in the overall manufacturing activities has led to discontinuation of solvents manufacturing projects, thereby reducing the demand for special boiling point solvents. Similar trend was witnessed in other European countries, i.e., Russia, UK, Italy, Spain and Germany. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe special boiling point solvents market. Increasing consumption of paints & coatings in the construction, automotive, wood industry and general industries application sectors has raised the demand for special boiling point (SBP) solvents. SBP solvents are versatile group of fast to medium evaporating hydrocarbon fluids that constitute paraffin and cycloparaffins. These aliphatic solvents are majorly used in paints & coatings industry. These solvents worked as carriers for resins, pigments, and other components. They help in controlling viscosity, aiding in film formation, and wetting of pigments and substrates that help with dispersion and adhesion. These solvents also tend to migrate to the surface of a coating, thereby lowering the surface tension and making the surface more homogeneous. This action of (SBP) solvents improves levelling and reduces the tendency to form craters. Rapid expansion of Europe construction industry will aid in the market growth of paints & coatings market. Paints & coatings are used in the decoration & protection of buildings and infrastructures from external damages. Due to various properties such as corrosion protection, anti-friction, hardness and reflection-absorption they are also used to protect automotive components.
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Europe Special Boiling Point Solvents Market Segmentation
Europe Special Boiling Point Solvents Market – By Solvent Base
- Petroleum Ether
- Rubber Solvent
- Others
Europe Special Boiling Point Solvents Market – By Application
- Paints and Coatings
- Rubbers and Tires
- Inks, Adhesives
- Resins
- Cleaning Agents
- Others
Europe Special Boiling Point Solvents Market – By Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Solvent Base, Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Special Boiling Points Solvents Market, by Solvent Base
1.3.2 Special Boiling Points Solvents Market, by Application
1.3.3 Special Boiling Points Solvents Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Special Boiling Points Solvents Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Europe Special Boiling Point Solvents Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand from the Paints & Coatings Industry
5.1.2 An Upsurge in Demand from Rubber Processing Industry
5.2 Market Restraints
5.2.1 Strict Regulations Pertaining to Production and Use of SBP Solvents
5.3 Market Opportunities
5.3.1 Increase in Demand of SBP Solvents for Printing Inks
5.4 Future Trend
5.4.1 Technological Advancement Together with New Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Special Boiling Points Solvents – Europe Market Analysis
6.1 Special Boiling Points Solvents Market Overview
6.2 Special Boiling Points Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
7. Europe Special Boiling Point Solvents Market Analysis – By Solvent Base
7.1 Overview
7.2 Special Boiling Point Solvents Market, By Solvent Base (2019 and 2027)
7.3 Petroleum Ether
7.3.1 Overview
7.3.1.1 Petroleum Ether: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Rubber Solvent
7.4.1 Overview
7.4.1.1 Rubber Solvent: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
7.5 Others
7.5.1 Overview
7.5.1.1 Others: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
8. Europe Special Boiling Point Solvents Market Analysis – By Application
8.1 Overview
8.2 Special Boiling Point Solvents Market, By Application (2019 and 2027)
8.3 Paints and Coatings
8.3.1 Overview
8.3.2 Paints and Coatings: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.4 Rubbers and Tires
8.4.1 Overview
8.4.2 Rubbers and Tires: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.5 Inks
8.5.1 Overview
8.5.2 Inks: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.6 Adhesives
8.6.1 Overview
8.6.2 Adhesives: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.7 Cleaning Agents
8.7.1 Overview
8.7.2 Cleaning Agents: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.8 Resins
8.8.1 Overview
8.8.2 Resins: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
9. Europe Special Boiling Point Solvents Market – Country Analysis
9.1 Overview
9.1.1 Europe: Special Boiling Point Solvents market, by Key Country
9.1.1.1 Germany: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Germany: Special Boiling Point Solvents market, Solvent Base
9.1.1.1.2 Germany: Special Boiling Point Solvents market, Application
9.1.1.2 France: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 France: Special Boiling Point Solvents market, Solvent Base
9.1.1.2.2 France: Special Boiling Point Solvents market, Application
9.1.1.3 Italy: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Italy: Special Boiling Point Solvents market, Solvent Base
9.1.1.3.2 Italy: Special Boiling Point Solvents market, Application
9.1.1.4 UK: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.4.1 UK: Special Boiling Point Solvents market, Solvent Base
9.1.1.4.2 UK: Special Boiling Point Solvents market, Application
9.1.1.5 Russia: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.5.1 Russia: Special Boiling Point Solvents market, Solvent Base
9.1.1.5.2 Russia: Special Boiling Point Solvents market, Application
9.1.1.6 Rest of Europe: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.6.1 Rest of Europe: Special Boiling Point Solvents market, Solvent Base
9.1.1.6.2 Rest of Europe: Special Boiling Point Solvents market, Application
10. Impact of COVID-19 Pandemic on Europe Special Boiling Point Solvents Market
10.1 Overview
10.2 Europe: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Royal Dutch Shell Plc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.2 Exxon Mobil Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Total SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Bharat Petroleum Corporation Limited
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Brenntag Holding GMBH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.6 Calumet Specialty Products Partners, L.P.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 HCS Group GmbH
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.8 KH Chemicals
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Special Boiling Points Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. Germany Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 3. Germany Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 4. France Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 5. France Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 6. Italy Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 7. Italy Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 8. UK Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 9. UK Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Russia Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Russia Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 12. Rest of Europe Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027(US$ Mn)
Table 13. Rest of Europe Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Glossary of Terms, Europe Special Boiling Points Solvents Market
LIST OF FIGURES
Figure 1. Special Boiling Points Solvents Market Segmentation
Figure 2. Europe Special Boiling Points Solvents Market Segmentation – By Country
Figure 3. Europe Special Boiling Points Solvents Market Overview
Figure 4. Paints & Coatings Segment Held Largest Share of Europe Special Boiling Points Solvents Market
Figure 5. Germany Held Largest Share of Europe Special Boiling Points Solvents Market
Figure 6. Europe: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Special Boiling Point Solvents Market Impact Analysis Of Driver And Restraints
Figure 9. Europe Special Boiling Points Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 10. Special Boiling Point Solvents Market Revenue Share, by Solvent Base (2019 and 2027)
Figure 11. Petroleum Ether: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 12. Rubber Solvent: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 13. Others: Special Boiling Point Solvents Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 14. Special Boiling Point Solvents Market Revenue Share, by Application (2019 and 2027)
Figure 15. Paints and Coatings: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 16. Rubbers and Tires: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 17. Inks: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 18. Adhesives: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 19. Cleaning Agents: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 20. Resins: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 21. Others: Special Boiling Point Solvents Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America: Special Boiling Points Solvents Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. Europe: special boiling point solvents market Revenue Share, by Key Country (2019 and 2027)
Figure 24. Germany: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. France: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Italy: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. UK: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Russia: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Rest of Europe: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Bharat Petroleum Corporation Limited
- Brenntag Holding GmbH
- Calumet Specialty Products Partners, L.P.
- HCS Group GmbH
- KH Chemicals
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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