Heptane Market Leading Growth Drivers, segments, Industry Sales, Profits and Regional Analysis by 2030

The global heptane market is expected to register a steady revenue CAGR over the forecast period. Heptane market revenue growth is primarily driven by factors such as increasing use of high-quality and non-toxic solvents in the pharmaceutical sector and electronics.

Heptane is a water-insoluble hydrocarbon produced from partial distillation of crude oil and is classified as a straight-chain alkane. It is a colorless hydrocarbon that smells like gas and is considered the gold standard when measuring octane ratings, gas stations in the U.S. and other parts of the world use this regularly to check octane ratings. This is a very flammable liquid and is quickly ignited and is utilized in the production of industrial and consumer paint and coating additives, adhesives, varnishes, chemical intermediates, and formulation solvents. Its significant advantage is that it is easily transportable, making it perfect for both producers and consumers.

There aren’t many compounds as flexible as heptane. Some major applications are laboratory reagent, which is an excellent fuel source for pressurized and outdoor liquid fuel stoves and the most common application is the use of heptane in manufacturing ink for printer and stamp pads. Unvulcanized rubber is immersed in a solvent containing 70-90% of this liquid, in the commercial manufacturing of rubber cement.

Top Companies Operating in the Global Heptane Market:

  • SK Global Chemical Co., Ltd. (South Korea)
  • Haltermann Carless Deutschland GmbH (Germany)
  • Chevron Phillips Chemical Company (U.S.)
  • Sankyo Chemical Co. Ltd. (Thailand)
  • Hanwha Total Petrochemical Company Limited (South Korea)
  • DHC Solvent Chemie GmbH (Germany)
  • Mehta Petro-Refineries Limited (India)
  • Gadiv Petrochemical Industries Ltd. (Israel)
  • Chuzhou Runda Solvents Co. (China)
  • Shenyang Huifeng Petrochemical Co. Ltd (China)

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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

The major factors driving revenue growth of the market is the versatility in various industries, in particular, petrochemical and pharmaceutical industries. As it is employed as an inert solvent, particularly in the pharmaceutical sector, for filtration, recrystallization, and cleansing of Active Pharmaceutical Ingredients (API) and after the pandemic, there has been a steep rise in the sector, creating high demand for solvents. In addition, technological advancements leading to the development of safer methods of application and processes, increasing manufacturing capacities of various major companies, is another factor contributing to revenue growth of the market during the forecast period.

Table of Contents:

  1. Report Overview
    1.1 Research Scope
    1.2 Key Heptane market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends
    2.1 Global Heptane market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends
  3. Competitive Outlook
    3.1 Global Heptane market key players
    3.2 Global Heptane size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Heptane market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

Read full Report Description @ https://www.reportsanddata.com/report-detail/heptane-market

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Heptane Market Segmentation

Type Outlook (Revenue, USD Billion; 2019-2030)

  • ≥ 99%
  • 95-99%
  • <95%

Application/End-use Outlook (Revenue, USD Billion; 2019-2030)

  • Pharmaceuticals
  • Paints & Coatings
  • Electronics
  • Adhesives & Sealants
  • Plastic & Polymers
  • Others

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