According to the ChemAnalyst report, “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 likely to experience a significant increase by reaching 300 thousand tonnes in 2035, at a CAGR of 4% in the upcoming years. The demand for n-Heptane is expected to increase due to the rising demand from end-use industries such as Solvent, Pharmaceuticals, and electronics industry.
The straight-chain alkane n-heptane has the chemical formula C7H16. The demand for n-Heptane is primarily due to the properties it possesses and being the preferred chemical as a solvent. Being highly soluble in ether and chloroform, n-Heptane finds its use as a non-polar solvent in medicine, reagent, cleaning agents, inks, and pesticides. For testing anti-knock engines, n-Heptane is employed as a component of the test fuel. n-heptane is used as a thinner in paints and coatings for applications in automotive and construction activities. Furthermore, n-heptane is employed as a purification agent for pharmaceuticals and other synthetic chemicals.
The primary market driver for the global n-heptane market is its application as a solvent. Due to its solvability, the demand for n-heptane is constantly increasing for use in various products, including medicines, cleaning products, paints, coatings, adhesives, and sealants. In the coming years, the rise in construction activities, industrialization, and rising volume of electronic items, calls for greater quantities of paints and coating which is anticipated to swell the n-heptane demand in the forecast period. Since heptane is primarily used to purify pharmaceutical items, demand for heptane in pharmaceutical applications is anticipated to rise in the forecast period.
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The n-Heptane market is segmented based on end-use, sales channel, and region. Due to its increasing application as a solvent in multiple industries is expected to drive the demand in coming years. Based on end-use, the n-Heptane market is divided into sectors, including solvent, pharmaceuticals, electronics, and others. The solvent industry dominates the global n-Heptane market. Due to the increasing demand, it is projected to continue to be the most crucial end-user industry over the projection period.
The Asia Pacific is the leading consumer of n-Heptane among all other regions, and this anticipates that it will continue to maintain its dominance during the forecast period. Due to the growing demand for n-Heptane in the Solvent industry, this demand is expected to rise further. Currently, China is the leading producer of n-Heptane.
“Global n-Heptane Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Company Share, 2015-2035”, the significant players functional in the n-Heptane market include Global n-Heptane are 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 Phillips Chemical, Phillips 66, Haltermann Carless, TOA Oil Co.Ltd, SK Global Chemical, and others.
“The rapidly increasing demand for n-Heptane due to solubility in ether and results in its application as a Solvent in multiple industries such as the pharmaceutical and paint industry, which is expected to boost its market in the forecast period until 2035. In the forecast period, it is anticipated that increased heptane use in coatings and adhesives used in a wide range of industries, including the automotive and construction sectors will further enhance the market. “said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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