According to a market report by Lucintel, the future of the global C5-C8 normal paraffin market looks promising with opportunities in the gasoline blending and chemical intermediate markets. The global C5-C8 normal paraffin market is expected to reach an estimated $43 billion by 2030 from $32 billion in 2024 at a CAGR of 5% from 2024 to 2030. The major drivers for this market are rising demand for high octane gasoline and increasing demand from automotive industry, need to boost capacity and fuel efficiency, along with the rising demand for iso-C5/C6 compounds for gasoline blending.
A more
than 150-page report to understand trends, opportunity and forecast in global C5-C8
normal paraffin market to 2030 by product type (c5-c6, c7-c8, and
multicomponent (c5-c8)), application (gasoline blending and chemical
intermediate), and region (North America, Europe, Asia Pacific, and the Rest of
the World).
Lucintel
forecasts that multicomponent (c5-c8) will remain the largest segment over the
forecast period due to the rapid advancement of vehicle production, and
increasing demand for adhesives and sealants.
APAC will
remain the largest region over the forecast period due to surging demand for
refined petroleum products, including gasoline.
Download
sample by clicking on C5-C8 normal
paraffin market.
Air
Liquide, Royal Dutch Shell, Bharat Petroleum, Calumet Specialty Products
Partners, China Petroleum & Chemical, Compania Espanola De Petroleos,
Ergon, Exxon Mobil, Indian Oil, Jilin Beihua Fine Chemical are the major
suppliers in the C5-C8 normal
paraffin market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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