Global
aliphatic hydrocarbon solvents and thinners market is projected to grow from $
4.48 billion in 2018 to $ 5.18 billion by 2024, growing at a CAGR of 5.7%. Global aliphatic hydrocarbon solvents & thinners market is
driven primarily by replacement of turpentine by mineral spirits. However, the market
is facing challenges as manufacturers are switching to various green solvents
as they are eco-friendly. Furthermore, environmental regulations are one of the
major hinderances for aliphatic hydrocarbon solvents & thinners market as
these hydrocarbons comprise several volatile organic compounds (VOCs) which are
harmful for both environment as well as human health.
On the basis of type, global aliphatic
hydrocarbon solvents & thinners market can be segmented into mineral
spirits, hexane, varnish makers & painter’s naphtha, heptane and others. Varnish
makers & painter’s naphtha is anticipated to grow at the highest CAGR
during the forecast period owing to their extensive use as these solvents can
be used with many oil-type paints, varnishes and enamels which aid in providing
good product finishing. Based on application, global aliphatic hydrocarbon
solvents & thinners market is categorized into paints & coatings, cleaning
& degreasing, adhesives, aerosols, rubber & polymer, printing inks, and
others. The market for paints & coatings is expected to grow at the fastest
CAGR during forecast period owing to their high demand backed by growing
building & construction industry, particularly in the developing regions.
Among regions, Asia-Pacific aliphatic
hydrocarbon solvents & thinners market is anticipated to grow at the
highest CAGR during the forecast period. The growth of this region is led by
high demand from paints & coatings application segment as well as absence
of strict regulations in the region.
Some
of the key players operating in global aliphatic
hydrocarbon solvents & thinners market include, Exxonmobil
Chemical, SK Global Chemical Co. Ltd., Royal Dutch Shell PLC, Calumet Specialty
Products Partners, Gotham Industries, Gulf Chemicals and Industrial Oils
Company, Recochem Inc., Haltermann Carless, W.M. Barr & Company Inc., Hohman
Plating & Manufacturing LLC, IHI Ionbond AG, among others.
Years considered for this report:
Historical Years: 2014-2017
Base
Year: 2018
Estimated
Year: 2019
Forecast
Period: 2020-2024
Objective of the Study:
- To analyze
and forecast global aliphatic hydrocarbon solvents & thinners market
size.
- To forecast global aliphatic
hydrocarbon solvents & thinners market based on type, application and
regional distribution.
- To
identify drivers and challenges for global aliphatic hydrocarbon solvents
& thinners market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in global aliphatic hydrocarbon solvents
& thinners market.
- To conduct
pricing analysis for aliphatic hydrocarbon solvents & thinners market.
- To
identify and analyze the profile of leading players involved in the
manufacturing of aliphatic hydrocarbon solvents & thinners.
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Some
of the leading players in global aliphatic hydrocarbon solvents & thinners market
are Exxonmobil Chemical, SK Global Chemical Co. Ltd., Royal Dutch Shell PLC,
Calumet Specialty Products Partners, Gotham Industries, Gulf Chemicals and
Industrial Oils Company, Recochem Inc., Haltermann Carless, W.M. Barr &
Company Inc., Hohman Plating & Manufacturing LLC, IHI Ionbond AG, among
others.
TechSci
Research performed both primary as well as exhaustive secondary research for
this study. Initially, TechSci Research sourced a list of leading manufacturers
across the globe. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufacturers which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the product offerings,
distribution channels and presence of all major players operating in global aliphatic hydrocarbon solvents & thinners market.
TechSci Research
calculated global aliphatic
hydrocarbon solvents & thinners market size using a top-down
approach, wherein data for various end-user segments was recorded and forecast for
the future years. TechSci Research sourced these values from the industry
experts and company representatives and externally validated through analyzing
historical data of these product types and applications for getting an
appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Aliphatic hydrocarbon solvents & thinners manufacturers
and suppliers
- Government and other regulatory bodies
- Research institutes and organizations
- Market research and consulting firms
The study is useful
in providing answers to several critical questions that are important for the
industry stakeholders such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In
this report, global aliphatic hydrocarbon solvents & thinners market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Market, By Type:
- Varnish Makers & Painter’s Naphtha
- Hexane
- Mineral Spirits
- Heptane
- Others
- Market, By Application:
- Paints & Coatings
- Adhesives
- Aerosols
- Cleaning & Degreasing
- Rubber & Polymer
- Others
- Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Europe
- United Kingdom
- Italy
- France
- Germany
- Russia
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed
analysis of the major companies present in global aliphatic hydrocarbon
solvents & thinners market.
Available Customizations:
With the given market
data, TechSci Research offers customizations according to a company’s specific
needs. The following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players
(up to five).
Profit
Margin Analysis
- Profit margin analysis in case of direct and indirect
sales channel.
In case you don’t find what you are looking for,
please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to be released soon. If
you wish an early delivery of this report or want to confirm the date of
release, please contact us at sales@techsciresearch.com