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Petroleum Ether Market:  Introduction

  • Petroleum ether is a light hydrocarbon of the pentane family. It is a natural byproduct of the gasoline refining process. It is also known by names such as ligroin, mineral spirit, white spirit, safety solvent, SBP spirit, painter’s naphtha, and benzene. Petroleum ether is often used as a non-polar solvent. It is commonly used as a blowing agent for polystyrene. Furthermore, it is employed as chemical intermediate and for research purposes such as microanalysis of dioxins. Petroleum ether is used as non-polar solvent for oils, fats, and waxes.
  • Petroleum ether is highly volatile and flammable. It consists of petroleum fractions such as aliphatic hydrocarbons (for instance, pentane, hexane, and heptane).

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Key Drivers of Petroleum Ether Market

  • Increase in demand for solvents in pharmaceutical and paints & coatings industries is a major factor driving the global petroleum ether market. Rise in demand for solvents in the agrochemicals sector is also fuelling the global petroleum ether market.
  • In the pharmaceutical sector, petroleum ether is often used as a solvent in active pharmaceutical ingredient (API) manufacturing, separation of various products by means of chromatography, and during the purification process of API. According to the World Health Organization, approximately 17.9 million people across the globe died from cardiovascular diseases in 2016, representing nearly 31% of all global deaths. About 85% of these deaths were due to heart attack and stroke. According to the American College of Cardiology Foundation, cardiovascular diseases accounted for 840,768 deaths in the U.S. in 2016; of these, 635,260 deaths were owing to cardiac diseases. All these statistics depict the need for API manufacturing. Petroleum ether is extensively used as a solvent in the manufacture of API. This is estimated to boost the demand for petroleum ether in the near future.
  • Petroleum ether is used as a blowing agent in formulation of polystyrene foam in the building & construction sector. Growth in urbanization and increase in income of the middle class population are some of the factors expected to drive the demand for polystyrene foam in the near years. Furthermore, urbanization is anticipated to create space requirements in developing regions. This is estimated to propel the demand for polystyrene foam, thereby augmenting the demand for petroleum ether as a blowing agent. However, currently, the construction sector is adversely impacted due to the coronavirus. However it is likely to bounce back in the next few years. 

Stiff Competition from Counterparts to Hamper Petroleum Ether Market

  • Commonly available solvents include petroleum ether, diethyl ether, chloroform, methanol, ethanol, isopropanol, n-Butanol, acetone, acetonitrile, isopropyl ether, dioxane, tetrahydrofuran, dichloromethane, pentane, hexane, benzene, cyclohexane, iso-octanol, and mixtures of these solvents. These solvents possess different properties and are used in a wide range of industries. However, lower cost of petroleum ether vis-à-vis solvents mentioned above is expected to drive the demand for petroleum ether in the near future. Furthermore, petroleum ether is less hygroscopic and flammable. It is more ideal for hydrophobic lipids than diethyl ether. Thus, it is extensively used as a solvent for lipid extraction.

North America to Hold Prominent Share of Global Petroleum Ether Market

  • Based on region, the global petroleum ether market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is expected to dominate the global market during the forecast period. It is anticipated to be followed by Europe. Rise in incidence of chronic diseases and increase in focus on generic and specialty drugs are estimated to drive the demand for petroleum ether as a solvent in North America. Furthermore, technological advancements in production processes of API is expected to boost the consumption of petroleum ether in the region in the near future.
  • The market in Asia Pacific is expected to expand at a faster pace compared to that in the other regions during the forecast period. Growth in incidence of cancer and other lifestyle associated diseases is estimated to lead to an increase in research & development activities by key players. This is anticipated to boost the petroleum ether market in Asia Pacific.
  • The petroleum ether market in Latin America and Middle East & Africa is highly consolidated, owing to the presence of a handful number of manufacturers in these regions. Furthermore, these regions rely on import of petroleum ether from developed countries.

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Key Players in Petroleum Ether Market

The petroleum ether market is highly concentrated. The leading players accounts for major share of the market. Prominent manufacturers operating in the petroleum ether market include:

  • Sisco Research Laboratories Pvt. Ltd.
  • Honeywell International Inc
  • FUJIFILM Wako Pure Chemical Corporation
  • ANPEL Laboratory Technologies (Shanghai) Inc.
  • Eurol BV

Global Petroleum Ether Market: Research Scope

Global Petroleum Ether Market, by End-use Industry

  • Paints & Coatings
  • Pharmaceutical
  • Chemical
  • Building & Construction
  • Detergent
  • Others (Fabric Cleaning, Agrochemical, etc.)

Global Petroleum Ether Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Petroleum Ether Market

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