Aliphatic Solvents & Thinners Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Aliphatic Solvents & Thinners Market: Snapshot
Aliphatic solvents and thinners are utilized as diluents in paints. Thus, the expansion of paint and coating industry is prognosticated to create lucrative prospects in the aliphatic solvents & thinners market. Furthermore, rising demand for paints & coatings for different purposes including industrial, automotive, decorative, and protective paints & coatings industries is driving the sales avenues in the aliphatic solvents & thinners market.
Mineral spirits, varnish makers’ & painters’ naphtha, heptane, and hexane are some of the important product types available in the aliphatic solvents & thinners market. A swift urbanization and industrialization in many developing nations around the world have resulted into generating promising business opportunities in the automotive and construction industries. This factor has resulted into increase in the demand for paints and coatings, which in turn, boosting the sales growth in the aliphatic solvents & thinners market.
Mineral spirits are increasingly used instead of turpentine owing to numerous advantages such as cost-effectiveness, non-sticky nature in comparison to turpentine, and less pungent odor. This factor is estimated to result into proliferation of the aliphatic solvents & thinners market.
Companies in the aliphatic solvents & thinners market are using different strategies such as mergers and acquisitions in order to expand their production capabilities and regional reach. Moreover, several enterprises in the aliphatic solvents & thinners market are investing heavily in R&D projects in order to develop next-gen products. Such efforts are likely to help in the expansion of the aliphatic solvents & thinners market.
The aliphatic solvents & thinners market is expected to gain prominent business opportunities in the Asia pacific region owing to many factors including rise in infrastructure development activities in many emerging nations such as India, Japan, and China. Furthermore, the Asia Pacific aliphatic solvents & thinners market is prognosticated to be driven due to improving per capita income of people from these countries.
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:
Some of the key market players of the global aliphatic solvents & thinners market are
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:
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report