From GlobeNewswire: 2024-11-12 07:19:00

The Isoparaffin Solvents Market is projected to reach USD 1185.7 Million by 2032, with a 3.5% CAGR from 2024 to 2032. The market is driven by the demand for sustainable solutions, particularly in the coatings and cleaning industries, where isoparaffin solvents offer effective performance with minimal environmental impact.

In 2023, North America dominated the Isoparaffin Solvents Market with a 44% market share, attributed to stringent environmental regulations and the shift towards eco-friendly products. The paints & coatings industry led the market, accounting for 43% of the total share, driven by the demand for low-VOC formulations and environmentally friendly solutions.

Recent developments include ExxonMobil and INEOS Oligomers introducing advanced isoparaffin solvents tailored for coatings and automotive applications, respectively. These innovations focus on meeting regulatory standards while maintaining high performance, reflecting the market’s commitment to sustainability and efficiency.

The Isoparaffin Solvents Market offers significant growth opportunities in emerging markets like Asia-Pacific and through technological advancements in production processes. The focus on circular economy practices, such as solvent reuse and recycling, aligns with the market’s sustainability goals, driving further growth and innovation in the industry.



Read more at GlobeNewswire: Isoparaffin Solvents Market Projected to Reach USD 1185.7