Global Aliphatic Hydrocarbon Solvents and Thinners Market, By Type (Varnish Makers’ and Painters’ Naphtha, Mineral Spirits, Heptane, Others), Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubbers and Polymers, Printing Inks, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Aliphatic Hydrocarbon Solvents and Thinners Market
The aliphatic hydrocarbon solvents and thinners market size is expected to grow at a compound annual growth rate of 4.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on aliphatic hydrocarbon solvents and thinners market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Hydrocarbon solvents are the type of petroleum derivatives used for cleaning or dissolving substances, and are also used in a variety of industrial and consumer products. Thinners are the chemical compounds that are added into the paint before application, to change the viscosity and other properties related to the rate of curing that might affect the functionality and aesthetics of the final layer painting.
The high growth of oil and gas industry is expected to influence the growth of the aliphatic hydrocarbon solvents and thinners market. In line with this, the rise in automotive industry and rapid increase in the population are also anticipated to act as key determinants favoring the growth of the aliphatic hydrocarbon solvents and thinners market over the forecast period of 2021 to 2028. Also the, rise in disposable income and rapid urbanization are also expected to positively impact the growth of the aliphatic hydrocarbon solvents and thinners market. The major factor accountable for the growth of the market is the rise in demand for rubber in various industries.
However, the rapid shift in the preferences of manufacturers towards green solvents and rise in environmental regulations are likely to act as key restraints towards aliphatic hydrocarbon solvents and thinners market growth rate in the forecast period of 2021 to 2028, whereas the adverse effects on the human health and stringent government regulations can challenge the growth of the aliphatic hydrocarbon solvents and thinners market in the above mentioned forecast period.
Furthermore, the high growth in the paints and coatings industry and the replacement of turpentine with mineral spirits are expected to offer a variety of growth opportunities for the aliphatic hydrocarbon solvents and thinners market in the above mentioned forecast period.
This aliphatic hydrocarbon solvents and thinners market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the aliphatic hydrocarbon solvents and thinners market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aliphatic Hydrocarbon Solvents and Thinners Market Scope and Market Size
The aliphatic hydrocarbon solvents and thinners market is segmented on the basis of type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the aliphatic hydrocarbon solvents and thinners market is segmented into varnish makers’ and painters’ naphtha, mineral spirits, heptane and others. Others have further been segmented into paraffinic solvent, pentane and solvent 140.
The application for aliphatic hydrocarbon solvents and thinners market is segmented into paints and coatings, cleaning and degreasing, adhesives, aerosols, rubbers and polymers, printing inks and others. Others have further been segmented into agrochemicals, pharmaceuticals and automotive.
Aliphatic Hydrocarbon Solvents and Thinners Market Country Level Analysis
The aliphatic hydrocarbon solvents and thinners market is analyzed and market size, volume information is provided by country, type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the aliphatic hydrocarbon solvents and thinners market because of the Increase in automotive sales and rise in population. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to rapid rise in paint coating industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aliphatic Hydrocarbon Solvents and thinners Market Share Analysis
The aliphatic hydrocarbon solvents and thinners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aliphatic hydrocarbon solvents and thinners market.
The major players covered in the aliphatic hydrocarbon solvents and thinners market report are ExxonMobil Corporation, Royal Dutch Shell, LANXESS, Ashland, Sasol, Honeywell International Inc., BASF SE, HCS Group, Lyondellbasell Industries Holdings B.V., NOCO, SK Global chemical co., ltd., Calumet Specialty Products Partners, L.P., Gotham Industries, Gulf Chemicals & Industrial Oils, Recochem Inc., Ganga Rasayanie (P) Ltd., WM Barr, Gadiv Petrochemical Industries Ltd., Hunt Refining Company and SolvChem, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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