Global Aliphatic Solvents Market, By Type (Mineral Spirits, Hexane, Heptane, Others), Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubbers and Polymers, Printing Inks, Others) - Industry Trends and Forecast to 2029.
Aliphatic Solvents Market Analysis and Size
Aliphatic solvents are chemical compounds which are also known as non-aromatic solvents. These are one of the most generally used solvents globally and found in several everyday products used by billions of people worldwide daily. Over the past few years, the paints and coatings sector has been profitable because of their increased usage across automotive, building and construction, and semiconductor sectors. The paints and coatings sector is prepared to see a seismic change with a rise of production rate which will further flourish the aliphatic solvents market.
Data Bridge Market Research analyses that the aliphatic solvents market is expected to undergo a CAGR of 7.40% during the forecast period. This indicates that the market value, which was USD 3.65 billion in 2021, would rocket up to USD 6.46 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Aliphatic Solvents Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Mineral Spirits, Hexane, Heptane, Others), Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubbers and Polymers, Printing Inks, Others)
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Countries Covered
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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, South Africa, Egypt, Israel, 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.
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Market Players Covered
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ExxonMobil Corporation (U.S.), Reliance Industries Limited (India), Marathon Petroleum Corporation (U.S.), Dupont (U.S.), PJSC Lukoil Oil Company (Russia), Valero (U.S.), Shell (UK), Chevron Corporation (U.S.), Honeywell International Inc. (U.S.), Janex S.A (Switzerland), SOLVAY (Belgium), Neste (Finland), Soltex Inc. (U.S.), Hengyi Industries Sdn Bhd (Malaysia), BASF SE (Germany), Ashland Inc., (U.S.), Adrol (U.S.), Koch Engineered Solutions (U.S.), Cosmique Pvt. Ltd. (India)
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Market Opportunities
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Market Definition
Aliphatic solvents are also aliphatic compounds that do not contain any benzene ring. They are the mixtures of branched-chain, saturated, long straight-chain, or cyclic paraffin’s. The distillation procedure of crude oil manufactures them at the appropriate boiling point range fraction, and then treated to improve both their odor and color. Generally, aliphatic solvents are composed of Hydrogen and Carbon molecules but differ from aromatic solvents because they don't contain a hydrocarbon such as toluene or xylene.
Aliphatic Solvents Market Dynamics
Drivers
- Aliphatic Solvents in Personal Care Products
Aliphatic solvents are used in several cosmetic products as ingredients, enabling them to work correctly. Solvents are used in lotions and shaving creams, powders to offer suitable consistency for the product. Perfume manufacturers use ethanol which is aliphatic solvent because of its low odour. Furthermore, it is also used in nail polish removal fluids because of tits high solvency power. The rising demand for cosmetic products increases the aliphatic solvents market.
- Increasing demand in paint and coating sectors
This rising demand for paints and coatings for the growing number of commercial and residential buildings due to rising urbanization and population are expected to drive the growth of the aliphatic solvents market globally during the forecast period.
- Replacement of turpentine with mineral spirits
Turpentine is widely used in art industries but is known to have a strong odor and release noxious vapors. Mineral spirits are also aliphatic solvents which perform the same function as turpentine without releasing any odors and vapors. Turpentine is a mucous membrane, skin, eye and upper respiratory tract irritant in humans. It can affect the central nervous system, gastrointestinal, and urinary tract and also cause skin sensitization. These factors are major reason to the replacement of turpentine with mineral spirits which are expected to drive the demand of aliphatic solvent in the market
Opportunities
- Increased Use of Organic Solvents and Technological Innovations
The latest equipment and advanced technologies coupled with the application of new systems create immense opportunities for the major market players during the forecast period of 2022 to 2029. Moreover, the increasing regulatory pressure about the use of organic solvents will further increase the future growth of the aliphatic solvents market.
Also, the mounting requirements from undeveloped and developing countries and economies will act as the opportunity for the growth of the aliphatic solvents market.
Restraints/Challenges
- Shifting towards green solutions
Several companies shifting towards green solutions such as ethyl acetate, ethanol, glycerol, and d-Limonene which are used in paints, coatings, pharmaceuticals, cosmetics, lotions, soaps, adhesives, and others will hinder the demand of the aliphatic solvents and obstruct the market growth rate.
This aliphatic solvents 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, geographic expansions, technological innovations in the market. To gain more info on the aliphatic solvents market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Aliphatic Solvents Market
In the backdrop of the COVID-19 pandemic, paint and chemical and have shifted their focus toward special paint varieties and hygiene products. Due to supply chain disruptions, companies in the aliphatic solvents market are increasing their product offerings in anti-viral or anti-bacterial decorative paints and odor-free paints. Major companies have entered in the competition to upsurge their product portfolio in personal protective equipment (PPE) and sanitizers. The covid-19 pandemic has increase the demand for hygiene paint products so the Manufacturers in the aliphatic solvents market are launching paint variants such as anti-bacterial paints and anti-viral which cater to all surfaces, including home walls, wood, and metal. Chemical companies have the production of cleaning and disinfectant products to meet consumer demand.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Aliphatic Solvents Market Scope
The aliphatic solvents market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Mineral Spirits
- Hexane
- Heptane
- Others
Application
- Paints and Coatings
- Cleaning and Degreasing
- Adhesives
- Aerosols
- Rubbers and Polymers
- Printing Inks
- Others
Aliphatic Solvents Market Regional Analysis/Insights
The aliphatic solvents market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the aliphatic solvents 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, South Africa, Egypt, Israel, 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 dominates the aliphatic solvents market during the forecast period due to boost in the earnings of the mediocre class community, the increase in population and swift pace of urbanization of the country has succeeded in the increased demand for commercial and household constructions in this region
North America will continue to project the highest growth rate during forecast period of 2022 to 2029 due to the increasing elderly population and rising healthcare expenditure in this region.
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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Solvents Market Share Analysis
The aliphatic solvents 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 solvents market.
Some of the major players operating in the aliphatic solvents market are:
- ExxonMobil Corporation (U.S.)
- Reliance Industries Limited (India)
- Marathon Petroleum Corporation (U.S.)
- Dupont (U.S.)
- PJSC Lukoil Oil Company (Russia)
- Valero (U.S.)
- Shell (UK)
- Chevron Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- Janex S.A (Switzerland)
- SOLVAY (Belgium)
- Neste (Finland)
- Soltex Inc. (U.S.)
- Hengyi Industries Sdn Bhd (Malaysia)
- BASF SE (Germany)
- Ashland Inc., (U.S.)
- Adrol (U.S.)
- Koch Engineered Solutions (U.S.)
- Cosmique Pvt. Ltd. (India)
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