Aliphatic Solvents & Thinners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Aliphatic Solvents & Thinners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Aliphatic Solvents & Thinners Market: Overview
Global aliphatic solvents & thinners market is prognosticated to experience remarkable growth over the period of assessment. Aliphatic solvents & thinners find use as diluents in paints. Surging demand for paints & coatings from automotive, industrial, decorative, and protective paints & coatings industries is fueling the growth of the market across the globe.
Rising demand from commercial and residential buildings from the developing countries acts as an opportunity for the growth of the global aliphatic solvents & thinners market during the forecast period.
The global aliphatic solvents & thinners market has been segmented on the basis of type, application and region.
Global Aliphatic Solvents & Thinners Market: Notable Developments
The global aliphatic solvents & thinners market has witnessed the following developments in recent times:
- In September 2017, Dow Chemical Company’s Ethylene Acrylic Acid (EAA) business was acquired by SK Global Chemical Co. Ltd. The product offerings of the former find use in adhesives, cleaners, polymer paints, and in coatings. The acquisition has reinforced the position of the company in the packaging material industry and expanded its present product portfolio.
- In March 2017, in effort to expand its research and development activities in Asia, Royal Dutch Shell Plc. inaugurated its Shell Technology Centre in Bangalore, India. This technology centre is capable of housing 1,500 experts working on various innovative projects across the globe. The other two technology hubs of Royal Dutch Shell Plc. are located in the US and the Netherlands.
Some of the key market players of the global aliphatic solvents & thinners market are
- SK Global Chemical Co., Ltd
- Gotham Industries
- Gulf Chemicals and Industrial Oils Co.
- Royal Dutch Shell Plc.,
- ExxonMobil Chemical, Inc.
- Calumet Specialty Products Partners, L.P
- NOCO Energy Corporation
- Gadiv Petrochemical Industries Ltd.
Global Aliphatic Solvents & Thinners Market: Growth Drivers
Growth of the Paints and Coatings Industry Bolsters Market Demand of Aliphatic solvents & thinners
The global aliphatic solvents & thinners market is majorly driven by the increasing use of mineral spirits in place of turpentine. Most of the painters prefer using mineral spirits as a paint thinner as it comes with a cheaper price, less pungent odor and is not as sticky as turpentine.
Furthermore, the global aliphatic solvents & thinners market also gains momentum from the high growth of the paints & coatings industry. The construction and automotive industries have been on the growth trajectory for some time now. Rapid urbanization and industrialization have given the much-needed impetus to the construction and automotive industry, which has furthered the use of paints and coatings. With the increasing use of paints and coatings, the global demand for aliphatic solvents & thinners is accelerated.
Global Aliphatic Solvents & Thinners Market: Regional Outlook
In terms of region, the global aliphatic solvents & thinners market is divided into the five principal regions of North America, South America, Europe, Middle East and Africa, and Asia Pacific. The Asia Pacific regions is likely to account for the leading share of the global aliphatic solvents & thinners market during the assessment timeframe.
South Korea, Japan, India, and China are the major buyers of aliphatic solvents and thinners in the region. Rapid urbanization together with increasing base of population in the region and rise in the disposable income of the people in the region have contributed toward the expansion of the global aliphatic solvents & thinners market.
The global aliphatic solvents & thinners market is segmented as:
Type
- Varnish Makers’ & Painters’ Naphtha
- Mineral Spirits
- Hexane
- Heptane
- Others (Paraffinic Solvent, Pentane, and Solvent 140)
Application
- Paints & Coatings
- Cleaning & Degreasing
- Adhesives
- Aerosols
- Rubbers & polymers
- Printing inks
- Others (Agrochemicals, Pharmaceuticals, and Automotive)
The study presents reliable qualitative and quantitative insights into:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand chain of the market
- Market valuation (revenue and/or volume)
- Key trends/opportunities/challenges
- Forces defining present and estimated future state of the competitive landscape
- Technological developments
- Value chain and stakeholder analysis
The regional analysis covers:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
- A detailed analysis of key segments of the market
- Recent developments in the market’s competitive landscape
- Detailed analysis of market segments up to second or third level of segmentation
- Historical, current, and projected future valuation of the market in terms of revenue and/or volume
- Key business strategies adopted by influential market vendors
- Outline of the regulatory framework surrounding and governing numerous aspects of the market
- Growth opportunities in emerging and established markets
- Recommendations to market players to stay ahead of the competition
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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