LIGHT AROMATIC SOLVENT NAPHTHA (PETROLEUM) MARKET
OVERVIEW
Light Aromatic Solvent Naphtha (Petroleum) is a specialized petroleum product made up of a blend of hydrocarbons, primarily composed of aromatic compounds. It is predominantly used as a solvent in various industrial applications due to its ability to dissolve oils, resins, and other substances.
MARKET SIZE AND GROWTH
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MARKET SIZE (2024):
APPROXIMATELY USD 8953 MILLION
PROJECTED MARKET SIZE (2032): USD 11,941.05 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 4.20% DURING THE FORECAST PERIOD.
By Type
Purity ≤98%
Purity ≥99%
Other
MARKET SEGMENTATION
By Application
Paints & Coatings
Agro Chemicals
Rubber & Resin
Printing Inks
Others
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Moderate growth with expanding industries.
EUROPE
Steady growth from manufacturing and energy sectors.
NORTH AMERICA
Largest market, driven by manufacturing and utilities.
ASIA-PACIFIC
Fastest growth, fueled by industrialization and tech adoption.
KEY PLAYERS
