DUBLIN, September 28, 2017 /PRNewswire/ --
The "Global Aliphatic Hydrocarbon Solvents and Thinners Market 2017-2021" report has been added to Research and Markets' offering.
The global aliphatic hydrocarbon solvents and thinners market to grow at a CAGR of 2.62% during the period 2017-2021.
Global Aliphatic Hydrocarbon Solvents and Thinners Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Solvents are used to dissolve solutes and form solutions and help enhance the properties of certain substances. Thinners are solvents that are capable of thinning oil-based paints for smooth application. These are primarily used for dilution. The global solvent market is growing at a steady rate. Apart from industrial applications, solvents are used in day-to-day activities as well.
The latest trend gaining momentum in the market is Consumers switching to low-toxic solvents. Aliphatic hydrocarbon solvents and thinners are used in many industries. However, they are highly toxic. The use of these solvents is maximum in the paints and coatings industry. These are used in painting applications. Though mineral spirits are odorless and preferred over turpentine, they too are toxic. Art schools tend to avoid high toxic solvents.
According to the report, one of the major drivers for this market is Rising demand for paints and coatings. In 2016, the paints and coatings market was valued at $143.04 billion. Growth in the construction industry drives the paints and coatings market. The construction industry was valued at $8,747.4 billion in 2016. Aliphatic hydrocarbon solvents and thinners are primarily used in the construction, and paints and coatings industries. Increasing constructions in the developing economies drive the paints and coatings market, which in turn, fuels the demand for industrial solvents.
Further, the report states that one of the major factors hindering the growth of this market is Rising demand for green and bio-based solvents. The increasing focus on environment-friendly products has reduced the demand for aliphatic solvents derived from synthetic routes and crude oil that have adverse effects on human health and the environment. The global green and bio-based solvents market is estimated to grow at a CAGR of 8.47%. Growing awareness on use of green and bio-based products is driving the market of global green and bio-based solvents market and in the coming years it estimated to grow at significant pace.
Key vendors
- Exxon Mobil
- SK global chemical
- Shell
- Calumet Specialty Products Partners
- Gotham Industries
Other prominent vendors
- Aned
- Gadiv Petrochemical Industries
- Ganga Rasayanie
- Gulf Chemicals and Industrial Oils Company
- Haltermann Carless
- Kandla Energy & Chemicals
- MK Aromatics
- NOCO
- Phillips 66 Company
- RB PRODUCTS
- Recochem
- W.M. Barr
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Global aliphatic hydrocarbon solvents and thinners market
- Five forces analysis
PART 06: Market segmentation by application
- Global aliphatic hydrocarbon solvents and thinners market by application
- Global aliphatic hydrocarbon solvents and thinners market in paints and coatings segment
- Global aliphatic hydrocarbon solvents and thinners market in commercial and domestic cleaning segment
- Global aliphatic hydrocarbon solvents and thinners market in pharmaceuticals segment
- Global aliphatic hydrocarbon solvents and thinners market in polymer and rubber segment
- Global aliphatic hydrocarbon solvents and thinners market in adhesives segment
- Global aliphatic hydrocarbon solvents and thinners market in other application segments
PART 07: Market segmentation by product type
- Global aliphatic hydrocarbon solvents and thinners by product type
- Global aliphatic hydrocarbon solvents and thinners market by varnish makers' and painters' naphtha segment
- Global aliphatic hydrocarbon solvents and thinners market by mineral spirits segment
- Global aliphatic hydrocarbon solvents and thinners market by hexane segment
- Global aliphatic hydrocarbon solvents and thinners market by other types
PART 08: Geographical segmentation
- Global aliphatic hydrocarbon solvents and thinners market by geography
- Aliphatic hydrocarbon solvents and thinners market in APAC
- Aliphatic hydrocarbon solvents and thinners market in MEA
- Aliphatic hydrocarbon solvents and thinners market in North America
- Aliphatic hydrocarbon solvents and thinners market in Europe
- Aliphatic hydrocarbon solvents and thinners market in South America
PART 09: Decision framework
PART 10: Drivers and challenges
- Market drivers
- Market challenges
PART 11: Market trends
- Replacement of turpentine with mineral spirits
- Consumers switching to low-toxic solvents
- Aliphatic hydrocarbon solvents used for industrial cleaning
PART 12: Vendor landscape
- Competitive scenario
- Other prominent vendors
PART 13: Key vendor analysis
- Exxon Mobil
- SK global chemical
- Shell
- Calumet Specialty Products Partners
- Gotham Industries
PART 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/6qd88p/global_aliphatic
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