The global n-heptane market is projected to expand with a CAGR of 5.6% and a valuation of US$ 1,278.47 million by 2033. Sales are anticipated to reach US$ 741.4 million in 2023 as a result of the shift in preferences brought on by environmental concerns.
The demand for n-heptane is anticipated to increase due to the rising consumption of electronic goods owing to the rising disposable income and improving standards of living. Rising building and construction activity, as well as expanding automotive demand, are driving the growth of the paints and coatings sector, which in turn boosts the market.
Demand for high-purity n-Heptane is rising as the pharmaceutical sector expands. The rising demand from other industries, such as adhesives & sealants, and plastic & polymer is fueling the n-heptane sector.
The sales are being driven by the increase in regulations on solvents, such as aromatic solvents. Rising production capacity and improved plant efficiency add more value to the global industry.
Current revelations in alternative fuels, such as electric and hybrid vehicles, have also had an impact on the market size. The adoption of n-heptane and petrol declines as these technologies are more frequently used, which can have a negative effect on the market.
| Attributes | Details |
|---|---|
| n-heptane Market CAGR (2023 to 2033) | 5.6% |
| n-heptane Market Size (2023) | US$ 741.4 million |
| n-heptane Market Size (2033) | US$ 1,278.47 million |
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Sales of n-heptane increased at a 3% CAGR between 2018 and 2022. Countries such as the United States, China, and Germany account for a substantial portion of the global market.
Sales prospects in 2020 were dampened due to the outbreak of the COVID-19 pandemic. This reduced the demand for n-heptane from several application domains, such as automotive, paints and coatings, and electronics.
With these applications, the market showed evident growth, from US$ 626.03 million in 2018 to US$ 703.4 million in 2022.
The n-heptane market is subsequently expected to augment with a growth rate on the higher side. Technological improvements provide the potential for the solvents market to grow. Europe and North America are expected to remain leading solvent markets. Emerging economies are experiencing rapid expansion in the market.
Advanced technology and cutting-edge equipment, together with the implementation of new systems, are fueling demand for improved products in both developed and emerging countries. Shell's launch of Gas-to-Liquids (GTL) technology in 2014 aided the development of the solvent sector.
As a result, the n-heptane industry is projected to grow at a rate of 1.05x between 2023 and 2033.
n-heptane is widely used in the paints and coatings industry as a thinner and as a solvent in paints and inks, which are considered under these segments. The paints and coatings market is poised to experience considerable growth owing to increasing demand from key end-use industries, such as automotive and transportation.
The adoption of n-heptane as a test fuel component in anti-knock engine testing creates lucrative opportunities for manufacturers. Many coating products help to reduce vehicle weight or tire rolling resistance, allowing automakers and suppliers to build fuel-efficient automobiles.
According to industry experts, the global paints and coatings market was pegged at US$ 139.5 billion in 2020. The market is expected to witness 1.6X growth by the end of the forecast period, which is considered to be the primary driver of the automotive market.
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As per FMI, China accounted for nearly 14.3% of the global market share in 2022. Creating an incremental opportunity of above US$ 95.57 million by 2033.
Over the forecast period, China is expected to dominate the worldwide n-Heptane sector, with a CAGR of 7% by 2033. The n-heptane industry is expanding in China owing to the rising demand from end-use industries such as plastics and polymers, as well as adhesives and sealants.
A rise in the consumption of electronic goods, as well as an increase in disposable income and an improvement in living conditions, are projected to contribute to the country's increased demand for n-Heptane. The market in China is, however, hindered by the restricted supply of this product in warehouses and stockpiles.
The United States accounted for around 88.6% of the North American n-heptane market in 2022. In 2022, the market grew by 4.0% year-on-year, reaching a valuation of US$ 136.7 million in 2022. Currently, it is expected to increase to a market share of 19% in 2023.
The presence of prominent manufacturers of advanced coatings and paints. Such as Exxon Mobil Corp. and Chevron Phillips Chemical in the United States, the demand for n-heptane is accelerating in the region.
Moreover, the use of n-heptane in automotive, industrial coatings, and building & construction industries is expected to bolster the growth of this material in the country.
Japan is projected to account for 12.7% of the East Asia n-heptane industry by 2033. The country is investing increasingly in research and development for the production of n-heptane that can sustain higher voltages and are more energy efficient. In 2023, the market in Japan is likely to have a share of 5.2%.
Sankyo Chemical Co. Ltd. is one of the key players in n-heptane in Japan. It is involved in the production and sale of washing agents for industrial usage and paints and adhesives.
This is expected to propel sales of n-heptane over the assessment period and is expected to witness market growth at a rate of 4.2%. the market is forecast to reach US$ 38.5 million by 2033.
n-heptane with a purity of 95 to 99% is expected to expand at an impressive 6.1% CAGR over the forecast period.
n-heptane of this purity is the purest form of high-purity hydrocarbon and is commonly used as a cleaning and laboratory agent. Especially in the industrial and pharmaceutical industries. Due to this, n-heptane of 95 to 99% purity is likely to have a share of 50.4% in 2023.
During the forecast period, the >99% category had profitable growth as a result of the pharmaceutical industry's expansion targeting n-heptane demand. With this, sales of monomers are also projected to reach an estimated value of US$ 463.7 million by 2033.
In 2023, the pharmaceutical sector is likely to lead the market with an expected share of 28.4%. The pharmaceutical industry is projected to create an absolute dollar opportunity of more than US$ 170.6 million from 2023 to 2033.
Within the pharmaceutical industry, n-Heptane is used as an extraction agent, as a process solvent, or as a solvent in intermediate production. n-heptane is also used in the purification of pharmaceuticals and other synthetic organics. The n-heptane sector is therefore being driven by rising demand from industries such as pharmaceuticals and many others.
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| Challenges | High Cost of Raw Material |
|---|---|
| Detail | Crude oil must be refined to produce n-heptane, which can be an expensive procedure. The cost of generating n-heptane and the profitability of manufacturers can both be impacted by the volatility of crude oil prices. |
| Solution | By making investments in cutting-edge refining technologies, manufacturers can lessen the effects of unpredictable crude oil prices, while increasing efficiency and lowering costs. A more reliable and sustainable source of feedstocks is found by investigating other raw material sources, like biomass or recycled plastics. |
| Challenges | Competition in Imports |
|---|---|
| Detail | Since n-heptane is a widely traded commodity, imports from other regions put pressure on local producers. This can reduce domestic producers' market share and profitability. |
| Solution | Manufacturers can set themselves apart from the competition by emphasizing innovation, sustainability, and product quality. To increase their consumer base and lessen reliance on a particular market, they can also investigate new markets and distribution avenues. |
| Challenges | Demand Fluctuations |
|---|---|
| Detail | The demand for petrol, which is affected by several variables including consumer behavior changes, fluctuating oil costs, and governmental policies, is directly related to the demand for n-heptane. Manufacturers find it challenging to plan their production and inventory levels due to fluctuating demand. |
| Solution | Flexible manufacturing procedures enable manufacturers to change output levels in response to shifting demand. To lessen reliance on a particular product or market, they can also diversify their product lines. |
| Challenges | Strict Regulations |
|---|---|
| Detail | To safeguard the environment and the general public's health, strict laws apply to the manufacturing and use of n-heptane. Regulations on emissions, safety, and transportation must be complied with by manufacturers, which can increase production costs and reduce manufacturing process flexibility. |
| Solution | By investing in the research and development of cleaner and more effective production systems, manufacturers can remain ahead of regulatory changes. To create policies that are useful and efficient for their operations, they can also collaborate with regulators and industry organizations. |
Leading market participants for n-Heptane are concentrating on the growth of their production capacity while investing in strategic business agreements. In addition, players are stepping up their research and spending to create cutting-edge solutions for the n-heptane sector.
It is important to remember that the market is impacted by the demand for petrol, which is impacted by several variables, such as shifting consumer preferences. To maintain a competitive edge in the n-heptane industry, key players must adapt to these shifting patterns.
For instance, the n-heptane business had a modest increase as a result of the rising global demand for gasoline, particularly in developing nations. The market had a US$ 450 million market value.
Recent development:
The market is valued at US$ 741.4 million in 2023.
The market is forecast to register a CAGR of 5.6% through 2033.
Royal Dutch Shell plc., SK Global Chemical Co., Ltd., and Sankyo Chemical Co. Ltd. are the key players.
Rising use in the automotive sector drives sales.
The global market size is estimated to reach US$ 1,278.47 million by 2033.
1. Executive Summary | n-Heptane Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Purity 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Purity, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Purity, 2023 to 2033 5.3.1. <95% 5.3.2. 95-99% 5.3.3. ≥99% 5.4. Y-o-Y Growth Trend Analysis By Purity, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Purity, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Pharmaceuticals 6.3.2. Paints & Coatings 6.3.3. Electronics 6.3.4. Adhesives & Sealants 6.3.5. Plastic & Polymers 6.3.6. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Purity 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Purity 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Purity 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Purity 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UNITED KINGDOM 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Purity 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Purity 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Purity 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Purity 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Purity 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Purity 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Purity 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Purity 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Purity 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Purity 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Purity 13.5.2.2. By Application 13.6. UNITED KINGDOM 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Purity 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Purity 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Purity 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Purity 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Purity 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Purity 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Purity 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Purity 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Purity 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Purity 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Purity 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Purity 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Purity 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Purity 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Purity 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Purity 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Royal Dutch Shell plc. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. SK Global Chemical Co., Ltd. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Haltermann Carless Deutschland GmbH 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Chevron Phillips Chemical Company 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Sankyo Chemical Co. Ltd. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Hanwha Total Petrochemical Company Limited 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. DHC Solvent Chemie GmbH 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Mehta Petro-Refineries Limited 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Gadiv Petrochemical Industries Ltd. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Chuzhou Runda Solvents Co. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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n-Heptane Market
