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Sulfolane Market Report 2025-2030, with Key Player Profiles for Chevron Phillips Chemical, Sumitomo Seika, Liaoyang Liaodong Fine Chemical, The Sulfolane Company, Liaoning Guanghua Chemical & more

1. Sulfolane market expected to reach USD 150-280 million by 2024. 2. CAGR projected at 3.5%-5.5% through 2030, driven by semiconductors. 3. North America leads sulfolane growth, particularly in petrochemicals. 4. Chevron Phillips Chemical is a key player in sulfolane production. 5. High production costs and regulatory scrutiny challenge market scalability.

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Why Bullish?

With CVX's involvement in petrochemicals, a growing demand for sulfolane could boost revenues. Historically, increased production capacity in key markets led to favorable stock performance.

How important is it?

Growth in the sulfolane market is likely to benefit CVX's petrochemical and energy divisions, especially given the positive industry outlook.

Why Long Term?

Sustained growth in semiconductor and battery sectors indicates a long-term upward trajectory for CVX's market position. Previous developments in energy sectors have demonstrated long-term benefits for companies aligned with growth trends.

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Dublin, June 23, 2025 (GLOBE NEWSWIRE) -- The "Sulfolane Global Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.Sulfolane is a polar organic solvent known for its high thermal stability, chemical inertness, and excellent solvency, widely used in semiconductor cleaning, electrolyte formulations, and aromatic hydrocarbon extraction. The industry is characterized by its focus on high-purity solvents for advanced applications, driven by demand in electronics, energy storage, and petrochemicals. Key trends include low-water sulfolane, sustainable production, and integration with next-generation battery technologies. The market is propelled by the growth of semiconductor manufacturing, increasing demand for lithium-ion batteries, and advancements in solvent purification technologies.The global Sulfolane market was valued at USD 150-280 million in 2024, with an estimated CAGR of 3.5%-5.5% from 2025 to 2030, driven by demand for semiconductor and battery applications.Regional Analysis North America is projected to grow at a CAGR of 3.3%-5.3%, with the U.S. leading due to its semiconductor and petrochemical sectors, focusing on high-purity sulfolane.Europe is expected to achieve a CAGR of 3.0%-5.0%, with Germany driving demand, emphasizing sustainable solvents for battery applications.Asia Pacific is anticipated to record the highest growth at 4.0%-6.0%, driven by China, Japan, and South Korea, where semiconductor and battery industries fuel sulfolane demand, with trends toward cost-effective production.Rest of the World, particularly Brazil, is expected to grow at 2.8%-4.8%, with trends toward petrochemical applications. Application Analysis Semiconductor cleaning solvent applications are estimated to grow at a CAGR of 4.0%-6.0%, driven by sulfolane's use in wafer cleaning, with trends favoring high-purity formulations.Electrolyte solvent applications are projected to expand at 3.8%-5.8%, supported by use in lithium-ion batteries, with innovations in high-performance electrolytes.Solvent for removal of benzene/toluene/xylene applications are expected to grow at 3.5%-5.5%, as sulfolane extracts aromatics in refineries, with trends toward efficient extraction processes. Key Market Players Chevron Phillips Chemical, based in The Woodlands, Texas, USA, is a leader in sulfolane production, offering solutions for petrochemical extraction, known for its advanced solvent technologies.Sumitomo Seika, headquartered in Osaka, Japan, specializes in sulfolane for semiconductor cleaning, emphasizing high-purity and innovative formulations.Liaoyang Liaodong Fine Chemical Co. Ltd, based in Liaoyang, China, produces sulfolane for electrolyte solvents, focusing on scalable production capabilities.The Sulfolane Company, headquartered in the USA, provides sulfolane for battery applications, known for its specialized solvent solutions.Liaoning Guanghua Chemical, based in Liaoyang, China, offers sulfolane for aromatic extraction, emphasizing cost-competitive solutions.Liaoyang Liaodong Fine Chemical, based in Liaoyang, China, produces sulfolane for semiconductor applications, focusing on high-quality manufacturing. Market Opportunities and Challenges Opportunities Rising demand for semiconductors drives sulfolane adoption in cleaning solvents.Advancements in lithium-ion battery electrolytes enhance market growth.Emerging markets in Asia Pacific offer expansion opportunities due to electronics growth. Challenges High production costs limit sulfolane adoption in cost-sensitive applications.Regulatory scrutiny on chemical solvents increases compliance costs.Environmental concerns over solvent disposal hinder market scalability. Growth Trend AnalysisThe Sulfolane market is growing steadily, driven by demand for semiconductor and battery applications. In 2021, The Sulfolane Company increased its sulfolane capacity by 20,000 tons, reaching a total of 27,000 tons. Liaoyang Liaodong Fine Chemical maintains an 8,000-ton sulfolane capacity, supporting semiconductor applications. Liaoning Guanghua Chemical operates an 18,000-ton capacity, focusing on aromatic extraction. These developments align with a projected CAGR of 3.5%-5.5% through 2030, reflecting sulfolane's critical role in high-tech applications.Key Topics Covered:Chapter 1 Executive SummaryChapter 2 Abbreviation and AcronymsChapter 3 PrefaceChapter 4 Market Landscape4.1 Market Overview4.2 Classification/Types4.3 Application/End UsersChapter 5 Market Trend Analysis5.1 Introduction5.2 Drivers5.3 Restraints5.4 Opportunities5.5 ThreatsChapter 6 Industry Chain Analysis6.1 Upstream/Suppliers Analysis6.2 Sulfolane Analysis6.2.1 Technology Analysis6.2.2 Cost Analysis6.2.3 Market Channel Analysis6.3 Downstream Buyers/End UsersChapter 7 Latest Market Dynamics7.1 Latest News7.2 Merger and Acquisition7.3 Planned/Future Project7.4 Policy DynamicsChapter 8 Trading Analysis8.1 Export of Sulfolane by Region8.2 Import of Sulfolane by Region8.3 Balance of TradeChapter 9 Historical and Forecast Sulfolane Market in North America (2020-2030)Chapter 10 Historical and Forecast Sulfolane Market in South America (2020-2030)Chapter 11 Historical and Forecast Sulfolane Market in Asia & Pacific (2020-2030)Chapter 12 Historical and Forecast Sulfolane Market in Europe (2020-2030)Chapter 13 Historical and Forecast Sulfolane Market in MEA (2020-2030)Chapter 14 Summary For Global Sulfolane Market (2020-2025)14.1 Sulfolane Market Size14.2 Sulfolane Demand by End Use14.3 Competition by Players/Suppliers14.4 Type Segmentation and PriceChapter 15 Global Sulfolane Market Forecast (2025-2030)15.1 Sulfolane Market Size Forecast15.2 Sulfolane Demand Forecast15.3 Competition by Players/Suppliers15.4 Type Segmentation and Price ForecastChapter 16 Analysis of Global Key Vendors Chevron Phillips ChemicalSumitomo SeikaLiaoyang Liaodong Fine Chemical Co. LtdThe Sulfolane CompanyLiaoning Guanghua ChemicalLiaoyang Liaodong Fine Chemical For more information about this report visit https://www.researchandmarkets.com/r/m232yn About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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