N Heptane Market Growth By Top Companies, Region, Application, Driver, Tr

Posted by Pradnya on February 25th, 2021

Persistence Market Research’s market report titled ‘n-Heptane Market: Global Industry Analysis, 2013–2017 and Forecast, 2018–2026’ examines the n-Heptane market and offers essential market insights for the next eight years.

According to Persistence Market Research analysis, the global sales of n-Heptane is estimated to be valued at US$ 573.5 Mn by the end of 2018 and is expected to register a 5.4% CAGR over the period of 2018–2026. This report reveals the demand for n-Heptane and its break-up on the basis of different purity types and applications.

Growth of the pharmaceutical industry is also driving the demand for high purity n-Heptane. Also, the rising demand for n-Heptane from other end-use applications such as adhesives & sealants will have a positive impact on the n-Heptane market. Increasing regulations pertaining to aromatic solvents are positively impacting the growth of the n-Heptane market. Various regulatory bodies have declared n-Heptane as less toxic in comparison with n-Hexane, which has been fueling the demand for n-Heptane as a solvent.

n-Heptane Market: Segmentation Analysis

The global n-Heptane market has been segmented on the basis of purity type into <95%, 95–99% and ≥99%.

• In terms of purity, the 95-99% segment is expected to dominate the global n-Heptane market. The 95-99% segment is estimated to witness significant growth due to the increasing demand from paints & coatings and polymer and plastic industries, among others
• The ≥99% segment is expected to witness lucrative growth over the forecast period due to the rising demand from pharmaceutical and electronics industries
• The <95% segment is expected to witness sluggish growth in comparison with other segments. N-Heptane with <95% purity is mainly used by local manufacturers for applications where purity is not an important criteria

n-Heptane: Regional Market Projections

In terms of region/country, China is anticipated to dominate the global n-Heptane market throughout the forecast period. The China n-Heptane market is expected to expand at a CAGR of around 6.8% during the forecast period with the Asia Pacific Excluding Japan & China (APEJ&C) market registering a relatively higher CAGR during the forecast period.

Latin America is also expected to witness significant growth in the global n-Heptane market. North America & Europe n-Heptane markets are in matured stages and thus, are expected to witness slow growth over the forecast period.

Company Profile

• Exxon Mobil Corporation
• Royal Dutch Shell plc.
• SK Global Chemical Co., Ltd.
• Haltermann Carless Deutschland GmbH
• Chevron Phillips Chemical Company
• Sankyo Chemical Co. Ltd.
• Hanwha Total Petrochemical Company Limited
• DHC Solvent Chemie GmbH
• Mehta Petro-Refineries Limited
• Merck Millipore Limited
• Gadiv Petrochemical Industries Ltd.
• Chuzhou Runda Solvents Co.

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