Aliphatic Hydrocarbon Solvents & Thinners Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Aliphatic Hydrocarbon Solvents & Thinners Market By Type (Heptane, Hexane, Mineral Spirits, Varnish Makers’ & Painters’ Naphtha, and Others (Paraffinic Solvent, Pentane, and Solvent 140)), By Application (Adhesives, Aerosols, Cleaning & Degreasing, Paints & Coatings, Printing inks, Rubbers & polymers, and Others (Agrochemicals, Pharmaceuticals, and Automotive)) and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

 

 

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Report

Description

Aliphatic Hydrocarbon Solvents & Thinners Market size was valued at USD 3.5 billion in the year 2020 and is anticipated to value at USD 5.09 billion till 2027 witnessing a CAGR rate of 5.5% during the forecast period 2021-2027. Global aliphatic hydrocarbon solvents & thinners market report gives comprehensive outlook on aliphatic hydrocarbon solvents & thinners across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type (Heptane, Hexane, Mineral Spirits, Varnish Makers’ & Painters’ Naphtha, and Others (Paraffinic Solvent, Pentane, and Solvent 140)), by Application (Adhesives, Aerosols, Cleaning & Degreasing, Paints & Coatings, Printing inks, Rubbers & polymers, and Others (Agrochemicals, Pharmaceuticals, and Automotive)), and region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa). This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and end users engaged in global aliphatic hydrocarbon solvents & thinners products. Global aliphatic hydrocarbon solvents & thinners market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In September 2017, SK Global Chemical Co. Ltd completed the acquisition of Dow’s Ethylene Acrylic Acid (EAA) business. The products offered by Dow’EAA find applications in coatings, polymer paints, cleaners, and adhesives. This acquisition strengthened the company in the high-value packaging material industry and helped enhance its product portfolio.


Aliphatic Hydrocarbon Solvents & Thinners Market

MARKET SUMMARY
-
5.5%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 5.5%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Aliphatic Hydrocarbon Solvents & Thinners Market

  • Aliphatic hydrocarbon solvents & thinners are thin layered coating on the surface of the end product which provide crucial properties such as corrosive resistance, UV resistance, hydrophobic, and others. They are extremely used by end users such as automobile manufacturers, healthcare, marine, electronic, militaries and others.
  • Due to increasing in the technological advancement aliphatic hydrocarbon solvents & thinners are widely utilized by electronic industrials segment. Additionally, rising usage of aliphatic hydrocarbon solvents & thinners in marine sectors to resist the microbial growth and damage of ships due to sea water.
  • Rising use of aliphatic hydrocarbon solvents & thinners for the development of greenery constructions boosting the market growth. In addition, high growth in emerging economies provides a huge growth opportunity for the market.
Market Leaders
  • BASF SE (Germany)
  • Calumet Specialty Products Partners, L.P. (US)
  • ExxonMobil Chemical, Inc. (US)
  • Gadiv Petrochemical Industries Ltd. (Israel)
  • Ganga Rasayanie (P) Ltd (India)
  • Gotham Industries (Canada)
  • Gulf Chemicals and Industrial Oils Co. (Saudi Arabia)
  • HCS Group (Germany
Aliphatic Hydrocarbon Solvents & Thinners Market

Drivers and Restraints

Some of the key factors influencing the market growth include growing demand for aliphatic hydrocarbon solvents & thinners as it a crucial coating and painting from the protection of numerous compounds by various undesirable conditions such as rust, UV radiations & abrasion. Additionally, an increase in acceptance of aliphatic hydrocarbon solvents & thinners as it less harmful for the environment, increase the shelf life of the end products and rising in the manufacturing industries will further boost the market growth in the forecast period. However, volatile prices of aliphatic hydrocarbon solvents & thinners and quality benchmark establishment are the major factors hindering the market growth.


Asia Pacific accounted for larger revenue share

aliphatic hydrocarbon solvents & thinners market

Asia Pacific accounted for larger revenue share in global aliphatic hydrocarbon solvents & thinners market with considerable CAGR. The growth in this region can be attributed to rising demand for ecofriendly products and emerging economies. Also, rising awareness among European customers about the insulation properties and increasing manufacturing industries in this region is the other important factor responsible for the market growth. North America held significant market share during estimated period as the rapid growing manufacturing industries, strict regulation for environment protection, and key manufacturers are adopting various strategies for the expansion are of the market in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • Global aliphatic hydrocarbon solvents & thinners market expanding at significant CAGR over 2021 to 2027 due to increase in usage of aliphatic hydrocarbon solvents & thinners in the paints & coatings production due to booming construction industries.
  • Based on application paintings and coatings segment accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in global aliphatic hydrocarbon solvents & thinners market

Key

Key Features of the Report

Aliphatic Hydrocarbon Solvents & Thinners Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • BASF SE (Germany)
  • Calumet Specialty Products Partners, L.P. (US)
  • ExxonMobil Chemical, Inc. (US)
  • Gadiv Petrochemical Industries Ltd. (Israel)
  • Ganga Rasayanie (P) Ltd (India)
  • Gotham Industries (Canada)
  • Gulf Chemicals and Industrial Oils Co. (Saudi Arabia)
  • HCS Group (Germany)
  • Honeywell International Inc. (US)
  • Hunt Refining Company (US)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • NOCO Energy Corporation (US)
  • Recochem Inc. (Canada)
  • Royal Dutch Shell Plc. (Netherlands)
  • SK Global Chemical Co., Ltd. (South Korea)
  • M. Barr (US).

Description

Aliphatic Hydrocarbon Solvents & Thinners Market size was valued at USD 3.5 billion in the year 2020 and is anticipated to value at USD 5.09 billion till 2027 witnessing a CAGR rate of 5.5% during the forecast period 2021-2027. Global aliphatic hydrocarbon solvents & thinners market report gives comprehensive outlook on aliphatic hydrocarbon solvents & thinners across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type (Heptane, Hexane, Mineral Spirits, Varnish Makers’ & Painters’ Naphtha, and Others (Paraffinic Solvent, Pentane, and Solvent 140)), by Application (Adhesives, Aerosols, Cleaning & Degreasing, Paints & Coatings, Printing inks, Rubbers & polymers, and Others (Agrochemicals, Pharmaceuticals, and Automotive)), and region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa). This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and end users engaged in global aliphatic hydrocarbon solvents & thinners products. Global aliphatic hydrocarbon solvents & thinners market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In September 2017, SK Global Chemical Co. Ltd completed the acquisition of Dow’s Ethylene Acrylic Acid (EAA) business. The products offered by Dow’EAA find applications in coatings, polymer paints, cleaners, and adhesives. This acquisition strengthened the company in the high-value packaging material industry and helped enhance its product portfolio.

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