Global Aliphatic Solvents & Thinners Market, 2014-2024

Global Aliphatic Solvents & Thinners Market, 2014-2024

Aliphatic solvents & thinners are aliphatic hydrocarbon solvents and non-aromatic compounds, which do not involve a benzene ring, and are essentially a mixture of normal-paraffin and cyclic paraffin. Hydrocarbons are organic molecules consisting entirely of carbon and hydrogen atoms. There are two types of hydrocarbons, namely, aliphatic hydrocarbons and aromatic hydrocarbons. Aliphatic hydrocarbons consist of linear chains of carbon atoms and can be classified as methane (CH4) and ethane (C2H6). Aromatic hydrocarbons consist of closed rings of carbon atoms.

Aliphatic solvents & thinners are classified as varnish makers & painters naphtha, mineral spirit, hexane, and hepteane. Aliphatic solvents & thinners employed in various end user industry including paints & coatings, cleaning & degreasing, adhesives, aerosols, rubber & polymer, printing inks, and others. It also playing important role in rubber manufacturing, which used in production of tires to glue different pieces and layers of rubber for durability. Aliphatic solvents & thinners products used as carriers for aerosols and disinfectants. Aerosol is a substance enclosed under pressure and released as a fin spray of a propellant gas.

The global aliphatic solvents & thinners market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global aliphatic solvents & thinners market is growing at a fast pace and increasing its geographical footprint rapidly. The global aliphatic solvents & thinners market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to rise in production of rubber industry as high demand from automotive industry. Also, rise in population, and increase in the income of the middle-class population which tends to rise in consumable product demand in this region. The major growth driver for aliphatic solvents & thinners market globally is increased demand from end user industry application such as, paints & coatings, construction, automotive and industrial which consume thinners and solvents hugely.in addition, Varnish & painters is used as a thinner for paints & coatings, as a solvent in hydrocarbon cracking, in laundry soaps, organic chemistry, cleaning fluids, and various other applications. It is also used to make varnish and to fuel camping cook stoves and lamps as well as to process fuels, such as gasoline and kerosene. These products are also drive the market globally.

Environmental regulations are one of the major impediments to the expansion of global aliphatic solvents & thinners market. These hydrocarbons aliphatic solvents & thinners are harmful for both environment as well as human health.

Aliphatic solvents & thinners enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of aliphatic solvents & thinners market globally. The companies that lead global aliphatic 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, HCS Group, Ganga Rasayanie Ltd., NOCO Energy Corporation, Gadiv Petrochemical Industries Ltd., Hunt Refining Company, Honeywell International Inc., BASF SE,LyondellBasell Industries Holdings B.V., Mitsubishi Shoji Chemical Corporation, Hi Tech Chemicals, Kandla Energy & Chemicals Limited, Umwelt Chemicals and Merck.

Research Methodology

The research process includes the market segmentation of the global aliphatic solvents & thinners market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (30%), Asia (45%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

Insights on the global aliphatic solvents & thinners industry dynamics
Estimation of the present global aliphatic solvents & thinners market size in terms of value and volume
Global aliphatic solvents & thinners market breakup based on type and application.
Verified global aliphatic solvents & thinners market forecast for the next five years.
In depth analysis of the leading companies working across different nodes of global aliphatic solvents & thinners industry value chain.