세계의 C9 용매 시장 : 산업 규모, 점유율, 동향, 기회 및 예측 - 판매채널별, 최종 용도별, 지역별, 경쟁별(2020-2030년)

Global C9 solvent market was valued at USD 3,940.10 million in 2024 and is projected to reach USD 5,607.00 million by 2030, growing at a compound annual growth rate (CAGR) of 3.94% during the forecast period. This growth is underpinned by rising demand across key industries, including paints and coatings, adhesives, rubber manufacturing, and industrial cleaning.

C9 solvents, primarily composed of aromatic hydrocarbons derived from petroleum, are recognized for their high solvency power, making them effective in dissolving resins and complex chemical compounds. The increasing need for high-performance coatings in the construction and automotive sectors is a major growth driver. These solvents are integral in the formulation of coatings, contributing to improved application properties and enhanced durability.

However, the market faces challenges from stringent environmental regulations concerning volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). Regulatory bodies worldwide are promoting the adoption of eco-friendly and water-based alternatives, potentially limiting the usage of traditional C9 solvents. Moreover, the market's dependence on crude oil introduces significant vulnerability to price volatility, which is influenced by geopolitical dynamics and production fluctuations.

Key Market Drivers

Growth in the Paints & Coatings Industry

The robust expansion of the global paints and coatings sector is a key driver of C9 solvent demand. This industry-valued at approximately USD 179.98 billion in 2023-is projected to surpass USD 255.59 billion by 2032. The Asia-Pacific region held the largest market share, accounting for 46% in 2023, and is expected to maintain its dominance, fueled by urbanization and population growth in countries like China and India.

Rising residential and commercial construction activity in emerging markets has significantly increased the consumption of coatings. Infrastructure development, urban renewal, and automotive manufacturing require advanced coatings with superior durability and finish, thereby boosting the demand for effective solvent systems such as C9 solvents. These solvents are especially vital in alkyd-based and industrial coating formulations due to their cost-efficiency and reliability.

Key Market Challenges

Raw Material Price Volatility

The pricing of C9 solvents is closely linked to crude oil markets, which are inherently volatile. Factors such as geopolitical tensions, production cuts by OPEC, global supply disruptions, and shifts in demand contribute to fluctuations in oil prices, directly impacting manufacturing costs and profit margins.

Furthermore, as crude oil is traded globally in U.S. dollars, exchange rate volatility affects the cost of imports for solvent producers in currency-sensitive regions. Emerging markets often experience heightened price pressures due to currency depreciation, which reduces purchasing power and affects market competitiveness. In addition, speculative trading, inflationary trends, and global economic slowdowns contribute to unpredictable cost swings, posing financial planning challenges for manufacturers and end-users alike.

Key Market Trends

Increasing Use of C9 Solvents in the Oil & Gas Sector

C9 solvents are gaining traction in the oil and gas industry, particularly for their use in oilfield chemical formulations such as drilling fluids, well stimulation agents, and enhanced oil recovery (EOR) applications. Products like MPRL AROSOL 100 (SOLVENT C9 / 100), a high-grade aromatic hydrocarbon solvent, are favored for their superior solvency, high flash point, and minimal emissions of hazardous air pollutants.

These solvents are essential in the production of resins, paints, pigments, and inks due to their strong solvency capabilities and environmental safety profile. Their ability to dissolve heavy hydrocarbons and maintain fluid stability makes them indispensable in complex drilling and production environments.

Additionally, C9 solvents are widely used for equipment cleaning and degreasing in refineries and petrochemical plants, where effective removal of tars, heavy oils, and residues is critical. The expansion of refining capacities, particularly in Asia-Pacific and the Middle East, is anticipated to drive further demand, reinforcing the C9 solvent market's growth trajectory.

Key Market Players

• 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.

Report Scope

In this report, the Global C9 Solvent Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

C9 Solvent Market, By Sales Channel:

• Direct
• Indirect

C9 Solvent Market, By End Use:

• Paints & Coatings
• Adhesives & Sealants
• Cleaning Agents
• Printing Inks
• Chemical Synthesis
• Others

C9 Solvent Market, By Region:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global C9 Solvent Market.

Available Customizations:

Global C9 Solvent Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, and Trends

4. Impact of COVID-19 on Global C9 Solvent Market

• 4.1. Global C9 Solvent Market Outlook
• 4.2. Market Size & Forecast
  • 4.2.1. By Value
• 4.3. Market Share & Forecast
  • 4.3.1. By Sales Channel (Direct, Indirect)
  • 4.3.2. By End Use (Paints & Coatings, Adhesives & Sealants, Cleaning Agents, Printing Inks, Chemical Synthesis, Others)
  • 4.3.3. By Region
  • 4.3.4. By Company (2024)
• 4.4. Market Map

5. North America C9 Solvent Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Sales Channel
  • 5.2.2. By End Use
  • 5.2.3. By Country
• 5.3. North America: Country Analysis
  • 5.3.1. United States C9 Solvent Market Outlook
    • 5.3.1.1. Market Size & Forecast
      • 5.3.1.1.1. By Value
    • 5.3.1.2. Market Share & Forecast
      • 5.3.1.2.1. By Sales Channel
      • 5.3.1.2.2. By End Use
  • 5.3.2. Mexico C9 Solvent Market Outlook
    • 5.3.2.1. Market Size & Forecast
      • 5.3.2.1.1. By Value
    • 5.3.2.2. Market Share & Forecast
      • 5.3.2.2.1. By Sales Channel
      • 5.3.2.2.2. By End Use
  • 5.3.3. Canada C9 Solvent Market Outlook
    • 5.3.3.1. Market Size & Forecast
      • 5.3.3.1.1. By Value
    • 5.3.3.2. Market Share & Forecast
      • 5.3.3.2.1. By Sales Channel
      • 5.3.3.2.2. By End Use

6. Europe C9 Solvent Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Sales Channel
  • 6.2.2. By End Use
  • 6.2.3. By Country
• 6.3. Europe: Country Analysis
  • 6.3.1. France C9 Solvent Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Sales Channel
      • 6.3.1.2.2. By End Use
  • 6.3.2. Germany C9 Solvent Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Sales Channel
      • 6.3.2.2.2. By End Use
  • 6.3.3. United Kingdom C9 Solvent Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Sales Channel
      • 6.3.3.2.2. By End Use
  • 6.3.4. Italy C9 Solvent Market Outlook
    • 6.3.4.1. Market Size & Forecast
      • 6.3.4.1.1. By Value
    • 6.3.4.2. Market Share & Forecast
      • 6.3.4.2.1. By Sales Channel
      • 6.3.4.2.2. By End Use
  • 6.3.5. Spain C9 Solvent Market Outlook
    • 6.3.5.1. Market Size & Forecast
      • 6.3.5.1.1. By Value
    • 6.3.5.2. Market Share & Forecast
      • 6.3.5.2.1. By Sales Channel
      • 6.3.5.2.2. By End Use

7. Asia Pacific C9 Solvent Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Sales Channel
  • 7.2.2. By End Use
  • 7.2.3. By Country
• 7.3. Asia Pacific: Country Analysis
  • 7.3.1. China C9 Solvent Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Sales Channel
      • 7.3.1.2.2. By End Use
  • 7.3.2. India C9 Solvent Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Sales Channel
      • 7.3.2.2.2. By End Use
  • 7.3.3. South Korea C9 Solvent Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Sales Channel
      • 7.3.3.2.2. By End Use
  • 7.3.4. Japan C9 Solvent Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Sales Channel
      • 7.3.4.2.2. By End Use
  • 7.3.5. Australia C9 Solvent Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Sales Channel
      • 7.3.5.2.2. By End Use

8. South America C9 Solvent Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Sales Channel
  • 8.2.2. By End Use
  • 8.2.3. By Country
• 8.3. South America: Country Analysis
  • 8.3.1. Brazil C9 Solvent Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Sales Channel
      • 8.3.1.2.2. By End Use
  • 8.3.2. Argentina C9 Solvent Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Sales Channel
      • 8.3.2.2.2. By End Use
  • 8.3.3. Colombia C9 Solvent Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Sales Channel
      • 8.3.3.2.2. By End Use

9. Middle East and Africa C9 Solvent Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Sales Channel
  • 9.2.2. By End Use
  • 9.2.3. By Country
• 9.3. MEA: Country Analysis
  • 9.3.1. South Africa C9 Solvent Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Sales Channel
      • 9.3.1.2.2. By End Use
  • 9.3.2. Saudi Arabia C9 Solvent Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Sales Channel
      • 9.3.2.2.2. By End Use
  • 9.3.3. UAE C9 Solvent Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Sales Channel
      • 9.3.3.2.2. By End Use

10. Market Dynamics

• 10.1. Drivers
• 10.2. Challenges

11. Market Trends & Developments

• 11.1. Merger & Acquisition (If Any)
• 11.2. Product Launches (If Any)
• 11.3. Recent Developments

12. Global C9 Solvent Market: SWOT Analysis

13. Porters Five Forces Analysis

• 13.1. Competition in the Industry
• 13.2. Potential of New Entrants
• 13.3. Power of Suppliers
• 13.4. Power of Customers
• 13.5. Threat of Substitute Products

14. Competitive Landscape

• 14.1. ARHAM PETROCHEM PRIVATE LIMITED
  • 14.1.1. Business Overview
  • 14.1.2. Company Snapshot
  • 14.1.3. Products & Services
  • 14.1.4. Financials (As Reported)
  • 14.1.5. Recent Developments
  • 14.1.6. Key Personnel Details
  • 14.1.7. SWOT Analysis
• 14.2. Chevron Phillips Chemical Company LLC
• 14.3. DEZA a.s.
• 14.4. Eastman Chemical Company
• 14.5. GALP ENERGIA, SGPS, S.A.
• 14.6. Ganga Rasayanie P. Ltd.
• 14.7. Hanwha Global
• 14.8. Jiangsu Hualun Chemical Industry Co., Ltd.
• 14.9. Kandla Energy and chemicals Ltd.
• 14.10. Korea Petrochemical Ind. Co., LTD.

15. Strategic Recommendations

16. About Us & Disclaimer