Solvent Naphtha Sales

Solvent Naphtha Sales Market Outlook

The global solvent naphtha market is poised for significant growth, projected to reach USD 12.4 billion by 2035, with a compound annual growth rate (CAGR) of 4.5% from 2025 to 2035. This expansion can be attributed to the increasing demand for solvent naphtha in various applications, including paints and coatings, agrochemicals, and industrial cleaning. Furthermore, rapid industrialization and urbanization, especially in emerging economies, are boosting the need for solvent naphtha in multiple sectors. The rising awareness about environmental regulations is also a key driver, pushing manufacturers towards adopting cleaner and safer chemical solutions. Additionally, the innovative applications of solvent naphtha in specialty products are opening new avenues for market growth.

Growth Factor of the Market

The growth of the solvent naphtha market can be attributed to several factors. Firstly, the ongoing industrial transformation worldwide is creating a surge in the demand for high-performance solvents across various industries, particularly in paints and coatings, which is expected to witness notable growth. Secondly, as the automotive industry continues to evolve, the need for high-quality cleaning agents and coatings is increasing, driving demand for solvent naphtha. Furthermore, with the rise of eco-friendly products and the need for sustainable solutions, manufacturers are focusing on developing lower aromatic solvent naphtha variants that cater to environmental regulations. Additionally, advancements in extraction and refining processes are improving product quality and expanding applications, thereby propelling market growth. Lastly, increased research and development activities are paving the way for new solvent formulations that are more efficient and environmentally friendly, further enhancing market prospects.

Key Highlights of the Market

• The global solvent naphtha market is expected to achieve USD 12.4 billion by 2035, with a CAGR of 4.5% from 2025 to 2035.
• Paints and coatings application segment holds the largest market share due to the increasing demand for high-quality finishes.
• North America is anticipated to dominate the market owing to the robust industrial sector and strict environmental regulations.
• Development of low-aromatic solvent naphtha is gaining traction, enhancing product sustainability and market appeal.
• Emerging economies in Asia Pacific are projected to exhibit significant growth due to rapid industrialization and urban expansion.

By Product Type

Aliphatic Solvent Naphtha:

Aliphatic Solvent Naphtha is recognized for its low toxicity and versatility in industrial applications. It is extensively utilized in the production of paints, varnishes, and inks due to its excellent solvency properties. The increasing preference for aliphatic solvents over aromatic variants in various formulations is driven by regulatory pressures regarding environmental and health safety. With a significant focus on sustainability, manufacturers are increasingly adopting aliphatic solvent naphtha as a safer alternative, thus boosting its market growth and share in the overall solvent naphtha segment.

Aromatic Solvent Naphtha:

Aromatic Solvent Naphtha is characterized by its high solvency power and is predominantly used in applications requiring strong degreasing and cleaning properties. Its major applications span across the automotive, aerospace, and industrial sectors, where robust performance is essential. Despite facing challenges due to stringent regulations regarding volatile organic compounds (VOCs), the demand for aromatic solvent naphtha remains steady due to its unique properties in specific applications. Manufacturers are focusing on enhancing the quality and reducing the environmental impact of aromatic solvents to maintain market demand.

Paraffinic Solvent Naphtha:

Paraffinic Solvent Naphtha is gaining popularity for its stability and low volatility, making it suitable for a wide range of applications, including paints and chemicals. The growing trend of utilizing paraffinic solvents in cosmetic products and personal care items is also contributing to its market growth. Furthermore, the use of paraffinic solvent naphtha in agricultural formulations and agrochemicals is steadily increasing due to its non-toxic nature. As consumer preferences shift towards safer and more efficient products, the paraffinic variant is expected to capture a larger market share.

Naphthenic Solvent Naphtha:

Naphthenic Solvent Naphtha is primarily utilized in the production of high-performance lubricants and specialty chemicals. Its unique chemical structure provides excellent solvency and compatibility with various formulations. The rising demand for naphthenic solvents in the automotive and industrial sectors is driving the growth of this segment. Additionally, advancements in refining technologies are enhancing the quality of naphthenic solvent naphtha, allowing manufacturers to cater to more specialized applications, thus promoting further growth in this segment.

Specialty Solvent Naphtha:

Specialty Solvent Naphtha products are tailored for specific applications requiring unique characteristics, such as low odor or rapid evaporation rates. These solvents are increasingly being used in niche markets, including electronics and pharmaceuticals, where precise formulations are essential. The growing trend towards customized solutions is promoting the development of specialty solvent naphtha, attracting key players to invest in this segment. The diversification of applications and increased focus on innovative solutions are major drivers for the growth of specialty solvent naphtha in the market.

By Application

Paints & Coatings:

The paints and coatings segment is the largest consumer of solvent naphtha, owing to its essential role in delivering high-quality finishes and enhancing product performance. Solvent naphtha serves as a crucial ingredient in various formulations, providing optimal viscosity and drying properties. The rapid growth of the construction and automotive industries, driven by urbanization and infrastructure development, is further boosting the demand for paints and coatings. Additionally, the rising consumer preference for eco-friendly solutions is prompting manufacturers to innovate and produce low-VOC and environmentally friendly coatings, enhancing the role of solvent naphtha in this application segment.

Agrochemicals:

The agrochemical sector is increasingly adopting solvent naphtha for its efficiency in formulating pesticides, herbicides, and fertilizers. Its excellent solvency properties allow for the effective delivery of active ingredients, ensuring optimal performance in agricultural applications. The growing global population and the subsequent demand for food production are propelling the agrochemical market, thus driving the consumption of solvent naphtha. Moreover, innovations in agrochemical formulations utilizing solvent naphtha are contributing to enhanced crop yields, which is pivotal in meeting global food security challenges.

Industrial Cleaning:

In the industrial cleaning segment, solvent naphtha is widely used for its ability to dissolve grease, oil, and other contaminants from machinery and equipment. The increasing emphasis on maintaining high standards of cleanliness in various sectors, particularly in manufacturing and automotive, is driving the demand for effective cleaning agents like solvent naphtha. Additionally, the push towards sustainability is leading manufacturers to develop eco-friendly cleaning solutions, thereby expanding the market for solvent naphtha in this application segment. The versatility of solvent naphtha in cleaning applications ensures its continued relevance in the industrial sector.

Rubber & Resin:

The rubber and resin industry utilizes solvent naphtha for its ability to dissolve and process various polymers and resins. Its unique chemical properties make it ideal for producing adhesives, sealants, and rubber products. The growth of the automotive and construction sectors is significantly contributing to the demand for rubber and resin formulations, thus driving the consumption of solvent naphtha in this application area. Furthermore, with the growing emphasis on performance-driven materials, the demand for high-quality solvent naphtha is expected to rise, enhancing its role in this segment.

Others:

The 'Others' segment includes various niche applications such as pharmaceuticals, cosmetics, and food processing, where solvent naphtha is utilized for specific properties it offers. While these applications currently represent a smaller share of the market, they are experiencing growth due to ongoing research and development activities aimed at discovering new uses for solvent naphtha. The versatility of solvent naphtha makes it an attractive option for formulators in diverse industries, and the increasing trend towards innovation is expected to drive the growth of this segment in the coming years.

By Distribution Channel

Direct Sales:

Direct sales remain a vital distribution channel for solvent naphtha, allowing manufacturers to establish a direct relationship with their customers. This approach provides manufacturers with better control over pricing, supply chain management, and customer service. By engaging directly with end-users, manufacturers can tailor their products and services to meet specific customer needs, ensuring greater satisfaction and loyalty. Moreover, the rise in demand for customized solutions in various applications is encouraging manufacturers to strengthen their direct sales strategies. As a result, this channel is expected to witness steady growth alongside other distribution methods.

Distributors:

The distributor channel plays a crucial role in the solvent naphtha market by providing access to a wider customer base. Distributors are adept at managing logistics and inventory, allowing manufacturers to focus on production and product development. This channel is particularly beneficial for reaching small and medium-sized enterprises (SMEs) that may lack the resources to engage in direct purchases. As the demand for solvent naphtha continues to grow across various industries, distributors are expected to expand their operations, enhancing market accessibility and efficiency. Their ability to navigate market fluctuations and provide local support makes them essential partners for manufacturers aiming to penetrate diverse markets.

Online Retail:

The rise of e-commerce has introduced online retail as an increasingly popular distribution channel for solvent naphtha. This channel presents numerous advantages, including convenience, competitive pricing, and the ability to reach a broader audience. Online platforms enable consumers to compare products and prices easily, fostering informed purchasing decisions. Additionally, the growing trend of digitalization in the industrial sector is further encouraging manufacturers and distributors to explore online sales avenues. This shift towards online retail is expected to gain momentum, particularly among smaller businesses seeking accessibility to solvent naphtha products without the constraints of traditional purchasing methods.

By Ingredient Type

Light Solvent Naphtha:

Light solvent naphtha is characterized by its low boiling point and volatility, making it ideal for applications requiring quick evaporation rates, such as paints and varnishes. This type is widely used in the formulation of quick-drying paints, adhesives, and coatings, significantly enhancing the efficiency of manufacturing processes. The growing trend towards faster production cycles in various industries, particularly in automotive and construction, is propelling the demand for light solvent naphtha. Manufacturers are increasingly focusing on optimizing formulations that incorporate light solvent naphtha to achieve superior performance and ensure reduced drying times.

Medium Solvent Naphtha:

Medium solvent naphtha offers a balanced profile of volatility and solvency, making it versatile for numerous applications. It is commonly used in the production of paints, coatings, and adhesives, where moderate drying times are preferred. The demand for medium solvent naphtha is driven by its efficacy in providing stability and enhancing the quality of formulations. As industries continue to focus on producing high-performance products, the utilization of medium solvent naphtha is expected to grow, allowing manufacturers to cater to specific formulation needs effectively.

Heavy Solvent Naphtha:

Heavy solvent naphtha is utilized in applications that require slower evaporation rates, such as in the formulation of sealants and heavy-duty adhesives. Its higher boiling point contributes to its effectiveness in providing excellent adhesion and durability in demanding environments. The increasing focus on durable materials in construction and automotive sectors is driving the demand for heavy solvent naphtha. Moreover, manufacturers are exploring innovations in heavy solvent formulations to enhance their performance, ensuring that this ingredient type remains relevant and necessary in various applications.

Specialty Solvent Naphtha:

Specialty solvent naphtha is designed for specific applications that require unique characteristics, such as low odor or enhanced solvency. These solvents are increasingly adopted in niche markets including pharmaceuticals and electronics, where precision is critical. The growing demand for customized solutions is encouraging manufacturers to develop specialty solvent naphtha that can cater to the unique needs of these applications. As industries continue to evolve and require more specialized products, the market for specialty solvent naphtha is expected to expand significantly, driven by innovation and tailoring of product offerings.

Low Aromatic Solvent Naphtha:

Low aromatic solvent naphtha is gaining traction due to its reduced toxicity and compliance with stringent environmental regulations. With growing consumer awareness and regulatory focus on health and safety, manufacturers are increasingly shifting towards low aromatic formulations in their products. This ingredient type is preferred in applications such as paints, coatings, and adhesives, where safety and performance are paramount. The ongoing transition towards sustainable and eco-friendly products is expected to drive the adoption of low aromatic solvent naphtha, enhancing its market presence.

By Region

The North American region holds a significant share of the global solvent naphtha market, accounting for approximately 35% of total market revenues in 2025. This dominance is primarily due to the well-established industrial base and stringent environmental regulations that drive demand for high-quality solvents. The ongoing growth in the automotive and construction sectors is also contributing to the increase in solvent naphtha consumption. The market in North America is expected to grow at a CAGR of around 4.2% from 2025 to 2035, driven by innovations in product formulations and the increasing focus on eco-friendly solutions.

In Europe, the solvent naphtha market is anticipated to expand at a CAGR of 4.0%, owing to the region's commitment to sustainability and environmental protection. The stringent EU regulations regarding VOC emissions are prompting manufacturers to adopt lower aromatic and eco-friendly variants of solvent naphtha. Additionally, the robust automotive and coatings industries in Germany and France are expected to support market growth. Meanwhile, the Asia Pacific region is projected to witness significant growth in the solvent naphtha market due to rapid industrialization and urbanization, capturing approximately 30% of the market by 2035. This growth is primarily driven by increasing demand from emerging economies like China and India, where the manufacturing sector is expanding rapidly.

Opportunities

The solvent naphtha market is brimming with opportunities driven by various industry trends and consumer demands. One of the most promising avenues for growth lies in the development of low-aromatic and environmentally friendly solvent naphtha products, which respond to increasing regulatory pressures concerning health and safety. As industries become more aware of the environmental impact of their operations, there is a growing demand for sustainable chemical solutions. Companies investing in R&D to innovate and produce eco-friendly formulations will likely gain a competitive edge and expand their market presence. Additionally, the expanding automotive and construction markets in emerging economies present lucrative opportunities for manufacturers to establish a foothold and cater to the increasing demand for high-performance solvents.

Moreover, the rise in e-commerce provides a unique opportunity for solvent naphtha manufacturers to reach a broader audience. Online retail platforms enable companies to connect with customers directly, offering them convenience and competitive pricing. This trend is particularly beneficial for smaller businesses that may not have the resources for extensive distribution networks. By embracing digital channels and enhancing online visibility, manufacturers can tap into new customer segments and maximize their sales potential. Furthermore, collaborations between manufacturers and end-users in specialized industries, such as pharmaceuticals and electronics, can drive innovation and create tailored solutions that meet specific needs, thereby unlocking additional growth opportunities in the solvent naphtha market.

Threats

While the solvent naphtha market presents ample opportunities, it is not without its challenges. A significant threat arises from stringent environmental regulations imposed by governments worldwide, particularly concerning the emissions of volatile organic compounds (VOCs). As consumer awareness about environmental issues increases, there is a growing push for safer and more sustainable chemical products. This shift may compel manufacturers to reformulate their product offerings, increasing production costs and potentially affecting profitability. Additionally, competition from alternative solvents and chemicals that offer similar performance with enhanced safety profiles poses a challenge to the traditional solvent naphtha market. Companies must continuously innovate to remain relevant and competitive in a rapidly evolving landscape.

Another critical concern is the volatility of raw material prices, which can directly impact the cost of production for solvent naphtha manufacturers. Fluctuations in crude oil prices and the availability of feedstock can lead to unpredictable pricing structures, affecting both manufacturers and end-users. This unpredictability may deter investments in the sector and hinder market growth. Furthermore, the ongoing impacts of the COVID-19 pandemic have created uncertainties in supply chains and industrial operations, which may continue to influence the solvent naphtha market in the coming years. Manufacturers must develop strategies to mitigate these risks and ensure continuity in operations to maintain their market positions.

Competitor Outlook

• ExxonMobil Chemical Company
• SABIC
• Royal Dutch Shell plc
• Chevron Phillips Chemical Company
• Dow Chemical Company
• INEOS Group Holdings S.A.
• Repsol S.A.
• Huntsman Corporation
• TotalEnergies SE
• Eastman Chemical Company
• Formosa Plastics Corporation
• LyondellBasell Industries
• Asahi Kasei Corporation
• Petrobras
• BASF SE

The competitive landscape of the solvent naphtha market is characterized by a mix of global and regional players, each vying for market share through innovation, product diversification, and strategic partnerships. Major companies in the industry are focusing on enhancing their product offerings, particularly in the development of low-aromatic and eco-friendly solvent naphtha products, to align with evolving consumer preferences and regulatory standards. These players are investing significantly in research and development to create solutions that meet specific industry requirements, ensuring their competitiveness in the market. Furthermore, collaborations with end-users in specialized applications are enabling companies to tailor their products effectively, catering to niche markets and expanding their reach.

ExxonMobil Chemical Company stands out as a leading player in the solvent naphtha market, leveraging its extensive global presence and innovative capabilities. The company is committed to sustainability and actively engages in initiatives to reduce emissions and enhance product quality. Through strategic investments in technology and R&D, ExxonMobil aims to meet the evolving demands of industries and strengthen its portfolio of solvent naphtha products. Similarly, SABIC, a key competitor, is known for its focus on sustainability and innovation, offering a range of low-aromatic solvent products designed to meet regulatory requirements while maintaining high performance.

Royal Dutch Shell plc is another major player in the solvent naphtha market, recognized for its commitment to operational excellence and environmental stewardship. The company is actively involved in developing advanced refining technologies to improve product quality and reduce environmental impact. Additionally, Dow Chemical Company, with its diverse product range, is well-positioned to capitalize on the growing demand for solvent naphtha across various applications. By focusing on sustainable practices and product innovation, these companies are not only enhancing their market position but also contributing to the overall growth and sustainability of the solvent naphtha industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 SABIC
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BASF SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Petrobras
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Repsol S.A.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 TotalEnergies SE
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Dow Chemical Company
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Huntsman Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Royal Dutch Shell plc
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Asahi Kasei Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Eastman Chemical Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 INEOS Group Holdings S.A.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 LyondellBasell Industries
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 ExxonMobil Chemical Company
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Formosa Plastics Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Chevron Phillips Chemical Company
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Solvent Naphtha Sales Market, By Application
    • 6.1.1 Paints & Coatings
    • 6.1.2 Agrochemicals
    • 6.1.3 Industrial Cleaning
    • 6.1.4 Rubber & Resin
    • 6.1.5 Others
  • 6.2 Solvent Naphtha Sales Market, By Product Type
    • 6.2.1 Aliphatic Solvent Naphtha
    • 6.2.2 Aromatic Solvent Naphtha
    • 6.2.3 Paraffinic Solvent Naphtha
    • 6.2.4 Naphthenic Solvent Naphtha
    • 6.2.5 Specialty Solvent Naphtha
  • 6.3 Solvent Naphtha Sales Market, By Ingredient Type
    • 6.3.1 Light Solvent Naphtha
    • 6.3.2 Medium Solvent Naphtha
    • 6.3.3 Heavy Solvent Naphtha
    • 6.3.4 Specialty Solvent Naphtha
    • 6.3.5 Low Aromatic Solvent Naphtha
  • 6.4 Solvent Naphtha Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributors
    • 6.4.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Solvent Naphtha Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Solvent Naphtha Sales market is categorized based on

By Product Type

• Aliphatic Solvent Naphtha
• Aromatic Solvent Naphtha
• Paraffinic Solvent Naphtha
• Naphthenic Solvent Naphtha
• Specialty Solvent Naphtha

By Application

• Paints & Coatings
• Agrochemicals
• Industrial Cleaning
• Rubber & Resin
• Others

By Distribution Channel

• Direct Sales
• Distributors
• Online Retail

By Ingredient Type

• Light Solvent Naphtha
• Medium Solvent Naphtha
• Heavy Solvent Naphtha
• Specialty Solvent Naphtha
• Low Aromatic Solvent Naphtha

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• ExxonMobil Chemical Company
• SABIC
• Royal Dutch Shell plc
• Chevron Phillips Chemical Company
• Dow Chemical Company
• INEOS Group Holdings S.A.
• Repsol S.A.
• Huntsman Corporation
• TotalEnergies SE
• Eastman Chemical Company
• Formosa Plastics Corporation
• LyondellBasell Industries
• Asahi Kasei Corporation
• Petrobras
• BASF SE