South America 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)
Market Introduction
The South America special boiling point solvents market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Variety of SBP solvents are used in printing inks. For instance, aliphatic solvents like naphtha; paraffin hydrocarbons like pentane, hexane, heptane, isooctane, and mineral oil; and aromatic solvents like benzene, toluene, and xylene are among the most commonly used solvents for printing inks. The properties such as solvency, solvent stability, good flow, dilutability, remarkable gloss is among the key parameters that help to choose suitable solvent depending upon application. SBP solvents that possess numerous features and functionalities such as good surface appearance and ink performance have greater demand for specialized printing needs. For instance, these solvents can be easily employed on metals, glass, ceramics, textiles, and other substrates. They are also used to print on rigid surfaces. Quick drying and high ink saturation, versatility, durability of these solvents boost their requirement in niche applications. The market for printing inks is experiencing moderate growth which is expected to continue in the near future. Applications such as commercial printing, publications, packaging, corrugated cardboard, and others have led to burgeoning South America demand for inks which indirectly supports the demand for SBP solvents.
In case of COVID-19, in South America, especially Brazil, 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 South American countries, i.e., Argentina, Colombia, Peru and Chile. 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.
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Market Overview and Dynamics
The special boiling point solvents market in South America is expected to grow from US$ 71.43 million in 2019 to US$ 84.57 million by 2027; it is estimated to grow at a CAGR of 2.3 % from 2020 to 2027. Rubber is treated by utilizing several types of chemicals in order to produce significantly useful products such as rubber mats and automobile tires. Rubber processing chemicals includes a broad range of products including anti-degradants, accelerators and processing aids among others. SBP solvents plays crucial role in rubber processing. It helps to enhance the properties of rubber for its use in manufacturing of automobile tires. Hence, the increasing automobile industry is expected to expand the total growth of SBP solvents for rubber processing chemicals segment. Additionally, increasing technical advancements in the manufacture of automotive tires is additional major factor boosting the growth of SBP solvents for rubber processing market. SBP solvents does not only add qualities to rubber but also advances the overall manufacturing procedure of raw material for other applications including manufacturing of door mats. Though, factors such as growing environmental norms and strict governmental regulations are expected to hamper the growth of rubber processing chemicals rubber manufacturers are adapting to diverse chemical formulations to accomplish specific requirements of numerous end-use industries.
Key Market Segments
Based on solvent base, the others segment accounted for the largest share of the South America special boiling point solvents market in 2019. Based on application, the paints & coatings segment held a larger market share of the South America special boiling point solvents market in 2019. Other types of special boiling point solvents used are P-series / propylene-based glycol ethers, toluene, propylene glycol, mixed xylenes., V.M. & P. Naphtha. VM&P Naphtha stands for Varnish Maker and Painters Solvent, is an aliphatic hydrocarbon solvent with a medium boiling point and evaporation rate. It is an exceptional thinner for oil-based paints, stains, varnishes, and enamels, which has higher strength and a faster evaporation rate than thinner paint (100 percent mineral spirits). It is also a quick-drying thinner for brushing and spraying, which is great for cleaning after painting. Moreover, it produces a sweeter smell than other solvent bases. In addition, this chemical is one of the best options for solvent-based finishing and will be one of the most popular options for long-lasting projects. It is mainly used as a feedstock for the catalytic reforming process, which produces a high-octane gasoline portion. It's also used in the chemical industry for solvent (cleaning) applications and in the petrochemical industry for producing olefins in steam crackers.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the South America special boiling point solvents market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Royal Dutch Shell Plc, Exxon Mobil Corporation, Total SA, Brenntag Holding GmbH and KH Chemicals.
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- To understand the South America special boiling point solvents market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2020-2027 in South America region.
South America Special boiling Point Solvents Market Segmentation
South America Special Boiling Point Solvents Market -By Solvent Base
- Petroleum Ether
- Rubber Solvent
- Others
South America Special Boiling Point Solvents Market -By Application
- Paints and Coatings
- Rubbers and Tires
- Inks, Adhesives
- Resins
- Cleaning Agents
- Others
South America Special Boiling Point Solvents Market – By Country
- Brazil
- Argentina
- Rest of South America
South America Special boiling point solvents Market – Company Profiles
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Brenntag Holding GmbH
- KH Chemicals BV.
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. South America Special Boiling Points Solvents Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. South America Special Boiling Point Solvents Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand from Paints & Coatings Industry
5.1.2 Increase in Demand from Rubber Processing Industry
5.2 Market Restraints
5.2.1 Stringent Regulations Regarding the Production and Use of SBP Solvents
5.3 Market Opportunities
5.3.1 Increments in the Demand of SBP Solvents for Printing Inks
5.4 Future Trend
5.4.1 Technological Advancement and New Product Development
5.5 Impact Analysis of Drivers and Restraints
6. Special Boiling Points Solvents – South America 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. South America 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. South America 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. South America Special Boiling Point Solvents Market – Country Analysis
9.1 Overview
9.1.1 South America: Special Boiling Point Solvents market, by Key Country
9.1.1.1 Brazil: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 Brazil: Special Boiling Point Solvents market, Solvent Base
9.1.1.1.2 Brazil: Special Boiling Point Solvents market, Application
9.1.1.2 Argentina: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Argentina: Special Boiling Point Solvents market, Solvent Base
9.1.1.2.2 Argentina: Special Boiling Point Solvents market, Application
9.1.1.3 Rest of South America: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Rest of South America: Special Boiling Point Solvents market, Solvent Base
9.1.1.3.2 Rest of South America: Special Boiling Point Solvents market, Application
10. Impact of COVID-19 Pandemic on South America Special Boiling Point Solvents Market
10.1 Overview
10.2 South America: 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 Brenntag Holding GMBH
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 KH CHEMICALS
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
12. Appendix
12.1 About the Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Special Boiling Points Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. Brazil Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 3. Brazil Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 4. Argentina Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 5. Argentina Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 6. Rest of SAM Special Boiling Point Solvents Market, by Solvent Base – Revenue and Forecast to 2027 (US$ Mn)
Table 7. Rest of SAM Special Boiling Point Solvents Market, by Application – Revenue and Forecast to 2027 (US$ Mn)
Table 8. Glossary of Terms, South America Special Boiling Points Solvents Market
LIST OF FIGURES
Figure 1. Special Boiling Points Solvents Market Segmentation
Figure 2. South America Special Boiling Points Solvents Market Segmentation – By Country
Figure 3. South America Special Boiling Points Solvents Market Overview
Figure 4. Paints & Coatings Segment Held Largest Share of South America Special Boiling Points Solvents Market
Figure 5. Brazil Held Largest Share of South America Special Boiling Points Solvents Market
Figure 6. SAM: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Special Boiling Point Solvents Market Impact Analysis of Driver and Restraints
Figure 9. South America 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. South America America: Special Boiling Point Solvents Market, by Key Country – Revenue (2019) (USD Million)
Figure 23. North America: special boiling point solvents market Revenue Share, by Key Country (2019 and 2027)
Figure 24. Brazil: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Argentina: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 26. Rest of South America: Special Boiling Point Solvents Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 27. Impact of COVID-19 Pandemic in South America Country Markets
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- Brenntag Holding GmbH
- KH Chemicals BV
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