Lucintel Forecasts the Global C5-C8 Normal Paraffin Market to Reach $43 Billion by 2030
Lucintel Forecasts the Global C5-C8 Normal Paraffin Market to Reach $43 Billion by 2030
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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.
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.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056