According to the ChemAnalyst report titled “Global n-Heptane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End User Industries, Sales Channel, Region, Company Share, 2015-2035,” the n-Heptane market is poised for significant growth and is expected to reach 300 thousand tonnes by 2035, with a Compound Annual Growth Rate (CAGR) of 4.10% in the coming years. This growth is attributed to increasing demand from end-use industries such as Solvents, Pharmaceuticals, and the electronics industry.
>> Click Here To Get Latest N-Heptane Market Sample Report
n-Heptane is a straight-chain alkane with the chemical formula C7H16. Its demand is primarily driven by its properties and its role as a preferred solvent. n-Heptane is highly soluble in ether and chloroform, making it a valuable non-polar solvent used in various applications, including medicine, reagents, cleaning agents, inks, and pesticides. It is also used as a component of test fuels for testing anti-knock engines. In the automotive and construction sectors, n-Heptane is employed as a thinner in paints and coatings. Additionally, it serves as a purification agent for pharmaceuticals and other synthetic chemicals.
The primary driver for the global n-Heptane market is its role as a solvent. Its solubility in various products, including medicines, cleaning products, paints, coatings, adhesives, and sealants, has led to increasing demand. The rise in construction activities, industrialization, and the growing production of electronic items call for greater quantities of paints and coatings, which is expected to boost n-Heptane demand in the forecast period. Furthermore, the use of heptane for pharmaceutical purification is expected to increase its demand in the pharmaceutical industry.
The n-Heptane market is segmented based on end-use, sales channel, and region. Given its increasing application as a solvent in multiple industries, it is anticipated that the demand for n-Heptane will continue to grow. End-use industries include solvents, pharmaceuticals, electronics, and others, with the solvent industry dominating the global n-Heptane market. This dominance is expected to persist over the projection period due to increasing demand.
The Asia Pacific region is the leading consumer of n-Heptane among all other regions, and this is expected to continue during the forecast period, driven by the growing demand for n-Heptane in the solvent industry. China is currently the leading producer of n-Heptane.
Key players in the n-Heptane market, as identified in the report “Global n-Heptane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Company Share, 2015-2035,” include Hanwha Total Petrochemical, Chuzhou Runda Solvents Co., Ltd, Henan ZT League Chemical Co., Ltd., Liaoning Yufeng Chemical Co., Ltd, KH Chemicals BV, Shell Chemicals, Chevron Philips Chemical, Phillips 66, Haltermann Carless, TOA Oil Co.Ltd, SK Global Chemical, and others.
>> Click Here To Read Full Report:
https://www.chemanalyst.com/industry-report/n-heptane-market-689
Mr. Karan Chechi, Research Director at TechSci Research, a research-based management consulting firm affiliated with ChemAnalyst, commented, “The rapidly increasing demand for n-Heptane, driven by its solubility in ether and its application as a solvent in multiple industries such as the pharmaceutical and paint industry, is expected to boost its market in the forecast period until 2035. Increased use of heptane in coatings and adhesives used in a wide range of industries, including the automotive and construction sectors, is anticipated to further enhance the market.”
About Us:
ChemAnalyst is an online platform offering a comprehensive range of market analysis and pricing services, as well as up-to-date news and deals from the chemical and petrochemical industry, globally.
Being awarded ‘The Product Innovator of the Year, 2023’, ChemAnalyst is an indispensable tool for navigating the risks of today’s ever-changing chemicals market. The platform helps companies strategize and formulate their chemical procurement by tracking real time prices of more than 400 chemicals in more than 25 countries.
ChemAnalyst also provides market analysis for more than 1000 chemical commodities covering multifaceted parameters including Production, Demand, Supply, Plant Operating Rate, Imports, Exports, and much more. The users will not only be able to analyse historical data but will also get to inspect detailed forecasts for upto 10 years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries.
Contact Us:
ChemAnalyst
GmbH – S-01, 2.floor, Subbelrather Straße
15a Cologne, 50823, Germany
Tel: +49-221-6505-8833
Email: sales@chemanalyst.com
Website: https://www.chemanalyst.com/