Global Aliphatic Thinners Market, By Product Type (Varnish Makers and Painters Naphtha, Mineral Spirit, Hexane, Heptane, Others), Application (Paints and Coatings, Cleaning and Degreasing, Adhesives, Aerosols, Rubber and Polymer, 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
The aliphatic thinners market is expected to witness market growth at a rate of 4.4% in the forecast period of 2021 to 2028. Data Bridge Market Research report on aliphatic thinners market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.The increase in demand for the product for various industrial applications is escalating the growth ofaliphatic thinners market.
Aliphatic hydrocarbons generally consist of straight chains of carbon molecules and are classified as methane (CH4) and ethane (C2H6). These hydrocarbons comprise of close rings of carbon atoms and are available in two forms such as, n-hexane and n-heptane. They are widely used in various sectors such as cleaning, degreasing,paints & coatings,rubber & oil extraction and aerosols & disinfects carrier.
The rise in the paints and coatings industry across the globe acts as one of the major factors driving the growth of aliphatic thinners market.The surge in demand for aliphatic hydrocarbon solvents & thinners in applications, such as paints & coatings, cleaning & degreasing, and others, and their use in petroleum naphtha, mineral spirits, octane and petroleum distillates to enhance its performance accelerate the market growth. The use of the product as carriers for aerosols and disinfectants, where aerosol is enclosed under pressure and released as a fin spray of a propellant gas, and increase in replacement of turpentine with mineral spirits further influence the market. Additionally, rise in investment, research and development activities expansion in automotive industry and high use in oil & gas industry positively affect the aliphatic thinners market. Furthermore, emerging economies in the Middle East and high demand from the Asia Pacific regionextends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, stringent environmental regulations on the usage of aliphatic hydrocarbon solvents & thinners in varnishes and vehicle refinishing products and manufacturers switching to green solvents are expected to obstruct the market growth. The concerns regarding adverse effects on the human health are projected to challenge the aliphatic thinners marketin the forecast period of 2021-2028.
This aliphatic 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 aliphatic 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.
Aliphatic Thinners Market Scope and Market Size
The aliphatic thinners market is segmented on the basis of product type and applications. 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 product type, the aliphatic thinners market is segmented into varnish makers and painters naphtha, mineral spirit, hexane, heptane and others.
- On the basis of application, the aliphatic thinners market is segmented into paints & coatings, cleaning and degreasing, adhesives, aerosols, rubber and polymer and others.
Aliphatic Thinners Market Country Level Analysis
The aliphatic thinners market is analyzed and market size, volume information is provided by country, product type and applications as referenced above.
The countries covered in the aliphatic thinners market report are the 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.
North America dominates the aliphatic thinners market due to theincreasing paint coating industry within the region. Asia-Pacific is expected to be the fastest growing market during the forecast period of 2021 to 2028 because of the increase in automotive sales and growing population in the 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 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 Thinners Market Share Analysis
The aliphatic 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 thinners market.
The major players covered in the aliphatic thinners market report are BASF SE, Calumet Specialty Products Partners, L.P., Exxon Mobil Corporation., Gadiv Petrochemical Industries Ltd., Ganga Rasayanie (P) Ltd, Industries Gotham Inc (Les), Gulf Chemical &industral Oils ,HCS Group GmBH, Heritage-Crystal Clean, Inc , Honeywell International Inc., Hunt Refining Company, Kandla Energy & Chemical Limited, The NOCO Company, Pon Pure Chemicals, Rb Products, Inc., Recochem Inc., Royal Dutch Shell Plc, SK Global Chemical Co. Ltd., Tradenote, Solvchem, W.M. Barr, LyondellBasell Industries Holdings B.V and Phillips, 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.