Global Normal Paraffin Market By Type (C-5 To C-9, C-10 To C-13), By Application (Alkyl Benzene Production, Fatty Alcohol Production, Metalworking Products), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Normal Paraffin Market By Type (C-5 To C-9, C-10 To C-13), By Application (Alkyl Benzene Production, Fatty Alcohol Production, Metalworking Products), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2030 (Includes Business Impact of COVID-19)
Trusted Business Insights has published a comprehensive market research report on, Global Normal Paraffin Market by Product type (C-5 to C-9, C-10 to C-13, and others), By Application (Alkyl Benzene Production, Fatty Alcohol Production, Metalworking Products, and other application) and by Region -Global Forecast to 2030, which offers a holistic view of the Global Normal Paraffin Market through systematic segmentation that covers every aspect of the target market.

The Global Normal Paraffin Market is projected to be US$ 3126.2 Mn in 2020 to reach US$ 3,768.9 Mn by 2030 at a CAGR of 1.9%.

A Clear liquid which is made up of saturated hydrocarbons having a straight-chain structure is known as Normal paraffin. Generally, normal paraffin is extracted from kerosene. Sometimes it can be obtained at the gas to liquid production sites by using Fischer-Tropsch process. Paraffin is a blend of hydrocarbons. It typically comprises of about ten different hydrocarbons. Each hydrocarbon contains ten to sixteen carbon atoms in a single molecule; the components include naphthalene, alkylbenzene, n-dodecane, and its byproducts. Normal paraffin C10 to C13 is a colorless liquid which has a mild odor. It is insoluble in water, slow-evaporating, and fully bio-degradable with slight sooting. Normal Paraffin is the primary raw material for the manufacture of the Linear Alkyl Benzene.

Normal paraffin C5 to C8 fractions are further processed and separated to produce chemical products such as n-hexane and n-pentane etc. The demand for n-pentane for the production of pharmaceuticals and polystyrene foam is increasing, which in turn is anticipated to increase the demand for normal paraffin in the market. Increasing demand for gasoline-powered vehicle and growth of the automotive industry in the developing region is expected to increase the demand for high octane gasoline, which in turn is expected to increase the demand for normal paraffin. Normal paraffin is a refined and highly distilled form of kerosene which can be burned in lamps and other devices. It produces no odor and soot when heated, which makes it a more attractive fuel option than unrefined kerosene, which in turn is anticipated to grow the market of normal paraffin


Global Normal Paraffin Market Revenue (US$ Mn), 2019“2029


Moreover, increased requirement of precision metal casting in various sectors such as automotive, electronics, and aerospace is likely to bolster the demand for paraffin, which in turn is anticipated to catapult the parent market

However, Paraffin is used to make candles, for packaging, and in the cosmetic industry. However recent development of bio-based products is anticipated to hinder the growth of the paraffin market in the forecast period

Global normal paraffin market is segmented on the basis of product type, application, and region. On the basis of product type the market is segmented into C-5 to C-9, C-10 to C-13, and others. Among Product Type C-10 to C-13 segment is account for major share. On the basis of application, the market is segmented into Linear Alkyl Benzene Production, Fatty Alcohol Production, Metalworking Products, and other application. The Linear Alkyl Benzene Production segment accounts for a majority share in the Global Normal Paraffin market.


Global Normal Paraffin Market Attractiveness Index by Product Type, 2019


On the basis of region, the market is segmented into North America, Europe, APAC, South America and MEA. The APAC accounts for the majority share in the global normal paraffin market, owing to increasing spending on the industrial sector in China and India region.

The research report on the Global Normal Paraffin Market includes profiles of some of the major companies such as Royal Dutch Shell plc, JXTG Holdings, Sonneborn LLC, Calumet Specialty Products Partners, Apar Industries Ltd., Sasol Limited, Exxon Mobil Corporation, Cepsa, China Petroleum & Chemical Corp, Petrobras.



Below are the active patents related to Normal Paraffin Market.


Patent Number: EP1857525A1

Process to obtain N-paraffins from vegetable oil

Abstract

The process described by this invention involves the hydroconversion of vegetable oils appropriately selected for the production of N-paraffins, through hydrotreatment of a stream of vegetable hydrocarbon oils in and/or natural fats that may be used in a pure state or in a mixture withmineral hydrocarbon oil. This mixture flow is submitted to the process of hydrotreatment, obtaining as a result, a product flow with an elevated contentl of N-paraffins in the range of C10-C-13. This process provides an alternative to the usual process that uses a mineral hydrocarbon oil load (petroleum kerosene of paraffin base) to produce C10-C13 N-paraffins that are raw materials for the production of detergents (LAB), being, therefore, especially advantageous for use in situations where kerosene is a limiting factor for producing N-paraffins, resulting in a product of good quality with a reasonable gain in the production of N-paraffins

Application File Date: 2007-04-17

Application Granted Date: 2016-12-14

Current Assignee: Petroleo Brasileiro SA Petrobas

Patent Number: CN104910960A

Method for producing n-alkane solvent oil from Fischer-Tropsch synthetic oil

Abstract

The invention relates to a method for producing n-alkane solvent oil from Fischer-Tropsch synthetic oil. According to the method, low-temperature Fischer-Tropsch synthetic light oil is adopted as a raw material, and is processed through upgrading and distillation separation processes with a fractionation tower, hydro-finishing, a degassing tower, a C6/C7 cutting tower, a C5/C6 cut tower, a C10/C11 cutting tower, a C8/C9 cutting tower, a C7/C8 cutting tower, a C9/C10 cutting tower, a C13/C14 cutting tower, and a C17/C18 cutting tower; such that various types of solvent oils such as n-pentane-rich, #6, #120, #140, #200, #D30, #D40, #D65, #D100 and #D120 solvent oils can be obtained. Compared to prior arts, all products produced with the method are n-alkane solvent oils. The method has the advantages of simple process flow, more produced solvent oil types, high solvent oil quality, and the like.

Application File Date: 2015-05-19

Application Granted Date: 2017-07-14

Current Assignee: SHANGHAI YANKUANG ENERGY SOURCE SCIENCE AND TECHNOLOGY RESEARCH DEVELOPMENT Co

Key Market Segments

By Type

  
C-5 to C-9
  
C-10 to C-13 and others

By Application

  
Linear Alkyl Benzene Production
  
Fatty Alcohol Production
  
Metalworking Products


Key Market Players included in the report:


  
Apar Industries Ltd.
  
Aromachimie Ltd.
  
Calumet Specialty Products Partners, L.P.
  
Cepsa Chemicals
  
China Petroleum & Chemical Corporation
  
ENEOS Corporation
  
Exxon Mobil Corporation
  
Farabi Petrochemicals
  
H&R GROUP
  
HollyFrontier Refining & Marketing LLC
  
Indian Oil Corporation Ltd
  
JXTG Nippon Oil & Energy Corporation
  
Kemipex
  
LANXESS
  
NIPPON SEIRO CO., LTD.
  
PersiaParaffin
  
Petrobras
  
Raha Paraffin Company
  
Repsol
  
Royal Dutch Shell plc
  
Sasol Limited
  
Savita
  
Shell
  
Sinopec Corp
  
Sonneborn LLC
  
Tavoil Company
  
The International Group, Inc.


Below are the key development related to Normal Paraffin Market in 2020 and 2021.


March 2021: Singapore giant Petredec invests in South Africa’s fuel sector.Singapore-based Petredec, one of the world’s biggest traders, providers and distributors of liquefied petroleum gas (LPG), has acquired Quest Petroleum, a fuels distributor and retailer in the Eastern Cape. This is Petredec’s third acquisition in South Africa’s liquid fuels and gas sector in the last 18 months. In addition, the group partnered with Bidvest Tank Terminals to build a R1-billion LPG storage facility at Richards Bay, which was commissioned last October. According to Lee Furby, MD of Petredec SA, the group sees potential for growth in South Africa and the region. This is despite the poor state of SA’s economy and the fact that energy demand from the transport sector is expected to grow at less than half the rate of the previous 20 years, as improvements in vehicle efficiency accelerate. Source

March 2020: Calumet Specialty Products Partners, L.P. Acquires Paralogics, LLC, Expands Specialty Wax Business. Paralogics, LLC acquisition strengthens wax blending, packaging and distribution capability. Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (the "Partnership" or "Calumet"), a leading independent producer of specialty hydrocarbon and fuels products, announced the Partnership completed the acquisition of Paralogics, LLC, a producer of candle and industrial wax blends. Paralogics expands Calumets presence in the specialty wax blending and packaging market, and upon integrating the new capabilities into Calumets existing wax business value chain, will add 20 million pounds of annual blending and formulating capabilities. Source