C9 Solvent Market to Grow with a CAGR of 3.94% through 2030
Surge in research and development activities is
expected to drive the Global C9 Solvent Market growth in the forecast period,
2026-2030.
According to TechSci Research report, “C9 Solvent Market
- Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global C9 Solvent Market stood at USD 3940.10
Million in 2024 and is anticipated to grow with a CAGR of 3.94% through 2030. Initiatives
taken by government based on C9 solvent has led to favorable market conditions
for the Global C9 Solvent Market. Several factors contribute to the growth of
various C9 solvent products.
Advances in chemical engineering have led to the
development of high-purity C9 solvents with lower toxicity and reduced volatile
organic compound (VOC) emissions. These formulations enhance performance in
industries such as paints, coatings, and adhesives, where product safety and
environmental sustainability are critical. With increasing regulatory
pressures on petrochemical-based solvents, R&D efforts are focused on
developing bio-based C9 solvents derived from renewable sources. Researchers
are exploring biorefinery technologies and sustainable extraction methods to produce
environmentally friendly alternatives without compromising solvency power.
Governments are actively promoting green chemistry initiatives to encourage the development of environmentally friendly solvents. Programs such as the EU’s Green Deal, the U.S. Green Chemistry Program, and China’s Circular Economy Plan push industries to adopt sustainable production methods. These initiatives have led to increased research and development in bio-based and waterborne solvent alternatives, impacting the future landscape of the C9 solvent market.
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The Global C9 Solvent Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global C9 Solvent Market in 2024. One
of the primary factors behind the dominance of the Indirect Sales segment is
its widespread market reach. Distributors and wholesalers operate extensive
networks that ensure the availability of C9 solvents across multiple regions,
including areas where manufacturers do not have direct sales operations. This
broad distribution infrastructure is particularly advantageous in regions with
fragmented industrial demand, where smaller and medium-sized businesses (SMBs)
rely on third-party suppliers for procurement.
Based on Region, North America have emerged as the fastest
growing region in the Global C9 Solvent Market in 2024. The automotive and
aerospace industries in North America have witnessed significant growth,
particularly in the United States and Canada. C9 solvents are widely used in
metal cleaning, degreasing, and surface preparation, making them indispensable
in the production and maintenance of vehicles and aircraft. The resurgence of
domestic manufacturing and the emphasis on advanced material coatings and
adhesives have further increased demand.
Major companies operating in Global C9 Solvent Market
are:
- ARHAM PETROCHEM PRIVATE LIMITED
- Chevron Phillips Chemical Company LLC
- DEZA a.s.
- Eastman Chemical Company
- GALP ENERGIA, SGPS, S.A.
- Ganga Rasayanie P. Ltd.
- Hanwha Global
- Jiangsu Hualun Chemical Industry Co., Ltd.
- Kandla Energy and chemicals Ltd.
- Korea Petrochemical Ind. Co., LTD.
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“Nanotechnology enables the modification of C9 solvent
formulations at the molecular level, improving their solubility, dispersion,
and reactivity in various applications. Nano-enhanced C9 solvents can improve
the dispersion of pigments and resins, leading to better adhesion, uniformity,
and durability in coatings. Nanoparticles help reduce drying time, enhance bond
strength, and minimize solvent evaporation, optimizing adhesive performance. Nanostructured
C9 solvent formulations exhibit higher penetration and surface activity, making
them more effective for industrial degreasing and oil removal applications”,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“C9 Solvent Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Paints & Coatings, Adhesives & Sealants, Cleaning Agents, Printing Inks, Chemical Synthesis, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global
C9 Solvent Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global C9 Solvent Market.
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