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Report
Europe Hydrocarbon Solvents Market
Market Report I 2025-03-01 I 350 Pages I Data Bridge Market Research
Europe hydrocarbon solvents market is expected to reach USD 5.10 billion by 2040 from USD 1.83 billion in 2024, growing with a substantial CAGR of 6.78% in the forecast period of 2025 to 2040.
Market Segmentation:
Europe Hydrocarbon Solvents Market, By Type (Aromatic Solvents, Aliphatic Solvents, Mineral Oils, Cycloaliphatic Solvents, and Others), Application (Paints and Coatings, Adhesives, Pharmaceutical, Cleaning and Degreasing, Printing Inks, Agriculture, Rubber and Polymers, Chemicals, Aerosols, Cosmetics, Drilling Fluids, Fluxes for Bitumen, Metal Extraction, Metal Working Lubricant, Sealants, Explosives, and Others), Countries (China, India, Japan, South Korea, Singapore , Thailand, Indonesia, Malaysia. Philippines, Australia, New Zealand, Taiwan, Rest of Asia-Pacific, U.S., Canada, Mexico, Germany, France, Italy, Netherlands, U.K., Russia, Spain, Turkey, Switzerland, Belgium, Norway, Sweden, Finland, Denmark, Poland, Rest of Europe, South Africa, Saudi Arabia, Egypt, U.A.E., Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America) - Industry Trends and Forecast to 2040.
Overview of Europe Hydrocarbon Solvents Market Dynamics:
Driver
- Growing demand for hydrocarbon solvents from end-use industries
Restraint
- Strict regulations on volatile organic compounds emissions and solvent disposal
Opportunity
- Growing demand for green and bio-based solvents
Market Players:
The key players operating in the Europe hydrocarbon solvents market are:
- BASF
- Shell plc
- SASOL
- Eastman Chemical Company
- BP p.l.c.
- LyondellBasell Industries Holdings B.V.
- Haltermann Carless Group GmbH
- Neste
- LANXESS
TABLE OF CONTENTS
1 INTRODUCTION 65
1.1 OBJECTIVES OF THE STUDY 65
1.2 MARKET DEFINITION 65
1.3 OVERVIEW 65
1.4 LIMITATIONS 66
1.5 MARKETS COVERED 66
2 MARKET SEGMENTATION 74
2.1 MARKETS COVERED 74
2.2 GEOGRAPHICAL SCOPE 75
2.3 YEARS CONSIDERED FOR THE STUDY 76
2.4 CURRENCY AND PRICING 76
2.5 DBMR TRIPOD DATA VALIDATION MODEL 77
2.6 MULTIVARIATE MODELING 80
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 81
2.8 DBMR MARKET POSITION GRID 82
2.9 DBMR VENDOR SHARE ANALYSIS 83
2.10 MARKET APPLICATION COVERAGE GRID 84
2.11 SECONDARY SOURCES 85
2.12 ASSUMPTIONS 86
3 EXECUTIVE SUMMARY 87
4 PREMIUM INSIGHTS 92
4.1 PESTEL ANALYSIS 93
4.1.1 POLITICAL FACTORS 93
4.1.2 ECONOMIC FACTORS 93
4.1.3 SOCIAL FACTORS 93
4.1.4 TECHNOLOGICAL FACTORS 94
4.1.5 ENVIRONMENTAL FACTORS 94
4.1.6 LEGAL FACTORS 94
4.2 PORTER'S FIVE FORCES 95
4.2.1 THREAT OF NEW ENTRANTS 95
4.2.2 BARGAINING POWER OF SUPPLIERS 96
4.2.3 BARGAINING POWER OF BUYERS 96
4.2.4 THREAT OF SUBSTITUTES 96
4.2.5 INDUSTRY RIVALRY 97
4.3 PRICING ANALYSIS 98
4.4 PRODUCTION CAPACITY OF KEY MANUFACTURERS 99
4.5 IMPORT EXPORT SCENARIO 100
4.6 PRODUCTION CONSUMPTION ANALYSIS 101
4.7 CLIMATE CHANGE SCENARIO 102
4.7.1 ENVIRONMENTAL CONCERNS 102
4.7.2 INDUSTRY RESPONSE 102
4.7.3 GOVERNMENT'S ROLE 102
4.7.4 ANALYST RECOMMENDATIONS 103
4.8 VENDOR SELECTION CRITERIA 104
4.9 DETAILED OVERVIEW OF THE COMPOSITION AND CHARACTERISTICS OF HYDROCARBON SOLVENTS 106
4.9.1 ALIPHATIC HYDROCARBONS 106
4.9.1.1 MINERAL SPIRITS / WHITE SPIRIT 106
4.9.1.2 PARAFFINIC SOLVENTS 106
4.9.2 MINERAL OIL (WHITE OIL) 107
4.9.3 AROMATIC SOLVENTS 107
4.9.4 CYCLOALIPHATIC SOLVENTS 107
4.9.5 GENERAL CONSIDERATIONS 108
4.10 PRICE INFORMATION OF SUB-PRODUCTS 109
4.10.1 NAPTHA 109
4.10.1.1 FACTORS AFFECTING PRICE MOVEMENTS 109
4.10.2 TOLUENE 109
4.10.2.1 FACTORS AFFECTING PRICE MOVEMENTS 110
4.10.3 XYLENE 110
4.10.3.1 FACTORS AFFECTING PRICE MOVEMENTS 111
4.10.4 XYLENE 111
4.10.4.1 FACTORS AFFECTING PRICE MOVEMENTS 111
4.11 RAW MATERIAL COVERAGE 112
4.11.1 PETROLEUM-BASED RAW MATERIALS 112
4.11.2 NATURAL GAS-DERIVED RAW MATERIALS 112
4.11.3 RENEWABLE FEEDSTOCKS: BIO-BASED HYDROCARBONS 112
4.11.4 RECYCLED SOLVENTS 112
4.11.5 SYNTHETIC HYDROCARBONS 113
4.12 SOURCES OF HYDROCARBON SOLVENT STREAMS: REFINERY VS. PETROCHEMICAL 114
4.12.1 REFINERY STREAMS 114
4.12.2 PETROCHEMICAL STREAMS 114
4.12.3 KEY DIFFERENCES BETWEEN REFINERY AND PETROCHEMICAL STREAMS 114
4.12.4 EXAMPLES OF HYDROCARBON STREAMS AND THEIR USE IN SOLVENT PRODUCTION 115
4.12.5 CONCLUSION 115
4.13 SUPPLY CHAIN ANALYSIS 116
4.13.1 OVERVIEW 116
4.13.2 LOGISTIC COST SCENARIO 116
4.13.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 116
4.14 TECHNOLOGICAL ADVANCEMENTS 117
4.14.1 DEVELOPMENT OF LOW-VOC AND NON-VOC SOLVENTS 117
4.14.2 BIO-BASED HYDROCARBON SOLVENTS 117
4.14.3 SOLVENT BLENDS FOR IMPROVED EFFICIENCY 117
4.14.4 ADVANCED PURIFICATION AND RECYCLING TECHNIQUES 117
4.14.5 INNOVATION IN PACKAGING AND SAFETY 118
4.14.6 DIGITALIZATION AND SMART SOLVENT SYSTEMS 118
4.14.7 CONCLUSION 118
5 REGULATORY COVERAGE 119
6 MARKET OVERVIEW 121
6.1 DRIVERS 123
6.1.1 GROWING DEMAND FOR HYDROCARBON SOLVENTS FROM END-USE INDUSTRIES 123
6.1.2 FAST EXPANDING CONSTRUCTION AND AUTOMOTIVE SECTORS 124
6.1.3 RISING DEMAND FOR INDUSTRIAL CLEANING AGENTS 125
6.1.4 INCREASING USE OF HYDROCARBON SOLVENTS IN OIL AND GAS 126
6.2 RESTRAINTS 127
6.2.1 STRICT REGULATIONS ON VOLATILE ORGANIC COMPOUNDS EMISSIONS AND SOLVENT DISPOSAL 127
6.2.2 VOLATILITY IN RAW MATERIAL PRICES 128
6.3 OPPORTUNITIES 129
6.3.1 GROWING DEMAND FOR GREEN AND BIO-BASED SOLVENTS 129
6.3.2 TECHNOLOGICAL ADVANCEMENTS AND INNOVATIONS IN SOLVENT BLENDS 130
6.3.3 INCREASING APPLICATIONS IN PHARMACEUTICALS AND PERSONAL CARE 130
6.4 CHALLENGES 132
6.4.1 STIFF COMPETITION FROM ALTERNATIVE SOLVENTS 132
6.4.2 HEALTH HAZARDS AND TOXICITY ISSUES FOR WORKERS 133
7 EUROPE HYDROCARBON SOLVENTS MARKET, BY TYPE 134
7.1 OVERVIEW 135
7.2 AROMATIC SOLVENTS 136
7.3 ALIPHATIC SOLVENTS 138
7.4 MINERAL OILS 140
7.5 CYCLOALIPHATIC SOLVENTS 141
7.6 OTHERS 142
8 EUROPE HYDROCARBON SOLVENTS MARKET, BY APPLICATION 143
8.1 OVERVIEW 144
8.2 PAINTS AND COATINGS 146
8.3 ADHESIVES 147
8.4 PHARMACEUTICAL 148
8.5 CLEANING AND DEGREASING 149
8.6 PRINTING INKS 151
8.7 AGRICULTURE 152
8.8 RUBBER AND POLYMERS 153
8.9 CHEMICALS 154
8.10 AEROSOLS 156
8.11 COSMETICS 157
8.12 DRILLING FLUIDS 158
8.13 FLUXES FOR BITUMEN 159
8.14 METAL EXTRACTION 160
8.15 METAL WORKING LUBRICANT 161
8.16 SEALANTS 162
8.17 EXPLOSIVES 164
8.18 OTHERS 165
9 EUROPE HYDROCARBON SOLVENTS MARKET, BY REGION 166
9.1 EUROPE 167
9.1.1 GERMANY 183
9.1.2 FRANCE 196
9.1.3 ITALY 209
9.1.4 NETHERLANDS 222
9.1.5 U.K. 235
9.1.6 RUSSIA 248
9.1.7 SPAIN 261
9.1.8 TURKEY 274
9.1.9 SWITZERLAND 286
9.1.10 BELGIUM 298
9.1.11 NORWAY 310
9.1.12 SWEDEN 322
9.1.13 FINLAND 334
9.1.14 DENMARK 346
9.1.15 POLAND 358
9.1.16 REST OF EUROPE 369
10 EUROPE HYDROCARBON SOLVENTS MARKET: COMPANY LANDSCAPE 370
10.1 COMPANY SHARE ANALYSIS: EUROPE 370
11 SWOT ANALYSIS 371
12 COMPANY PROFILES 372
12.1 EXXON MOBIL CORPORATION 372
12.1.1 COMPANY SNAPSHOT 372
12.1.2 REVENUE ANALYSIS 373
12.1.3 COMPANY SHARE ANALYSIS 373
12.1.4 PRODUCT PORTFOLIO 374
12.1.5 RECENT DEVELOPMENT 375
12.2 BASF 376
12.2.1 COMPANY SNAPSHOT 376
12.2.2 REVENUE ANALYSIS 376
12.2.3 COMPANY SHARE ANALYSIS 377
12.2.4 PRODUCT PORTFOLIO 377
12.2.5 RECENT DEVELOPMENT 380
12.3 TOTALENERGIES 381
12.3.1 COMPANY SNAPSHOT 381
12.3.2 REVENUE ANALYSIS 381
12.3.3 COMPANY SHARE ANALYSIS 382
12.3.4 PRODUCT PORTFOLIO 382
12.3.5 RECENT DEVELOPMENT 383
12.4 SHELL PLC 384
12.4.1 COMPANY SNAPSHOT 384
12.4.2 REVENUE ANALYSIS 384
12.4.3 COMPANY SHARE ANALYSIS 385
12.4.4 PRODUCT PORTFOLIO 385
12.4.5 RECENT DEVELOPMENT/NEWS 387
12.5 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 388
12.5.1 COMPANY SNAPSHOT 388
12.5.2 COMPANY SHARE ANALYSIS 388
12.5.3 PRODUCT PORTFOLIO 389
12.5.4 RECENT DEVELOPMENT/NEWS 390
12.6 ADNOC 391
12.6.1 COMPANY SNAPSHOT 391
12.6.2 PRODUCT PORTFOLIO 391
12.6.3 RECENT DEVELOPMENT 392
12.7 ASHLAND 393
12.7.1 COMPANY SNAPSHOT 393
12.7.1 REVENUE ANALYSIS 394
12.7.2 PRODUCT PORTFOLIO 394
12.7.3 RECENT DEVELOPMENT 394
12.8 AVANI PETROCHEM PVT. LTD. 395
12.8.1 COMPANY SNAPSHOT 395
12.8.2 PRODUCT PORTFOLIO 395
12.8.3 RECENT DEVELOPMENT 396
12.9 BP P.L.C. 397
12.9.1 COMPANY SNAPSHOT 397
12.9.2 REVENUE ANALYSIS 397
12.9.3 PRODUCT PORTFOLIO 398
12.9.4 RECENT DEVELOPMENT 398
12.10 BRASKEM 399
12.10.1 COMPANY SNAPSHOT 399
12.10.2 REVENUE ANALYSIS 399
12.10.3 PRODUCT PORTFOLIO 400
12.10.4 RECENT DEVELOPMENT 401
12.11 CALUMET, INC. 402
12.11.1 COMPANY SNAPSHOT 402
12.11.2 REVENUE ANALYSIS 402
12.11.3 PRODUCT PORTFOLIO 403
12.11.4 RECENT DEVELOPMENT 404
12.12 CHINA PETROCHEMICAL CORPORATION 405
12.12.1 COMPANY SNAPSHOT 405
12.12.2 REVENUE ANALYSIS 405
12.12.3 PRODUCT PORTFOLIO 406
12.12.4 RECENT DEVELOPMENT/NEWS 407
12.13 EASTMAN CHEMICAL COMPANY 408
12.13.1 COMPANY SNAPSHOT 408
12.13.2 REVENUE ANALYSIS 409
12.13.3 PRODUCT PORTFOLIO 409
12.13.4 RECENT DEVELOPMENT 410
12.14 ENGEN PETROLEUM LTD 411
12.14.1 COMPANY SNAPSHOT 411
12.14.2 PRODUCT PORTFOLIO 411
12.14.3 RECENT DEVELOPMENT 411
12.15 GOTHAM INDUSTRIES 412
12.15.1 COMPANY SNAPSHOT 412
12.15.2 PRODUCT PORTFOLIO 412
12.15.3 RECENT DEVELOPMENT 413
12.16 GULF CHEMICAL & INDUSTRAL OILS 414
12.16.1 COMPANY SNAPSHOT 414
12.16.2 PRODUCT PORTFOLIO 414
12.16.3 RECENT DEVELOPMENT 415
12.17 HALTERMANN CARLESS GROUP GMBH 416
12.17.1 COMPANY SNAPSHOT 416
12.17.2 PRODUCT PORTFOLIO 416
12.17.3 RECENT DEVELOPMENT/NEWS 417
12.18 HALTON CHEMICAL INC. 418
12.18.1 COMPANY SNAPSHOT 418
12.18.2 PRODUCT PORTFOLIO 418
12.18.3 RECENT DEVELOPMENT 419
12.19 HONEYWELL INTERNATIONAL INC 420
12.19.1 COMPANY SNAPSHOT 420
12.19.2 REVENUE ANALYSIS 421
12.19.3 PRODUCT PORTFOLIO 421
12.19.4 RECENT DEVELOPMENT 422
12.20 JUN YUAN PETROLEUM GROUP 423
12.20.1 COMPANY SNAPSHOT 423
12.20.2 PRODUCT PORTFOLIO 423
12.20.3 RECENT DEVELOPMENT 425
12.21 LANXESS 426
12.21.1 COMPANY SNAPSHOT 426
12.21.2 REVENUE ANALYSIS 426
12.21.3 PRODUCT PORTFOLIO 427
12.21.4 RECENT DEVELOPMENT 427
12.22 LYONDELLBASELL INDUSTRIES HOLDING B.V. 428
12.22.1 COMPANY SNAPSHOT 428
12.22.2 REVENUE ANALYSIS 428
12.22.3 PRODUCT PORTFOLIO 429
12.22.4 RECENT DEVELOPMENT 432
12.23 NESTE 433
12.23.1 COMPANY SNAPSHOT 433
12.23.2 REVENUE ANALYSIS 433
12.23.3 PRODUCT PORTFOLIO 434
12.23.4 RECENT DEVELOPMENT 435
12.24 RB PRODUCTS, INC. 436
12.24.1 COMPANY SNAPSHOT 436
12.24.2 PRODUCT PORTFOLIO 436
12.24.3 RECENT DEVELOPMENT 438
12.25 RELIANCE INDUSTRIES LIMITED 439
12.25.1 COMPANY SNAPSHOT 439
12.25.2 REVENUE ANALYSIS 439
12.25.3 PRODUCT PORTFOLIO 440
12.25.4 RECENT DEVELOPMENT 440
12.26 SASOL 441
12.26.1 COMPANY SNAPSHOT 441
12.26.2 REVENUE ANALYSIS 441
12.26.3 PRODUCT PORTFOLIO 442
12.26.4 RECENT DEVELOPMENT 443
13 QUESTIONNAIRE 444
14 RELATED REPORTS 447
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