Aliphatic Hydrocarbon Solvents and Thinners Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Chemicals and Materials | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC216

Aliphatic hydrocarbon solvents and thinners are such chemicals which are mostly preferred in varnishes and paints and the most common use being mineral spirits which is also known as paint thinners. In addition to this, the rising growth in the global automotive and construction industries is one of the key factors said to further bolster the demand for aliphatic hydrocarbon solvents and thinners, thus driving the growth of the global aliphatic hydrocarbon solvents and thinners market in the foreseeable years. On the other hand, increasing growth of the construction industry has resulted in an increase in demand for aliphatic hydrocarbon solvents and thinners, thus fueling the growth of the market across the globe. The aliphatic hydrocarbon solvents and thinners market especially in Asia-Pacific and Latin America are anticipated to showcase and tender some lucratively sound opportunities owing to higher disposable incomes, increasing population, growing automotive and construction industry, increasing consumer spending capabilities and replacement of turpentine by mineral spirits among others.
 
Some of the major factors which are accelerating the growth of global aliphatic hydrocarbon solvents and thinners market include rise in demand for aliphatic hydrocarbon solvents and thinners in developing regions such as Asia-Pacific and Latin America. Moreover, replacement of turpentine by alternatives such as mineral spirits coupled with high growth in paint and coating industry is another factor fueling the growth of global aliphatic hydrocarbon solvents and thinners market. As far as regions are concerned, the Asia-Pacific aliphatic hydrocarbon solvents and thinners market is anticipated to witness significant growth at an impressive pace over the forecast period owing to up gradations in technology in countries like India and China. In addition, increasing levels of income along with changing lifestyles of consumers in developing economies of Asia-Pacific and Latin America are further expected to fuel the growth of the global aliphatic hydrocarbon solvents and thinners market.
 
The aliphatic hydrocarbon solvents and thinners market can be segmented on the basis of type, application industry and region. On the basis of type, the global aliphatic hydrocarbon solvents and thinners market can be segmented into mineral spirits, varnish makers & paints, solvent 140, paraffinic solvent and others. On the basis of application industry, the global aliphatic hydrocarbon solvents and thinners market can be segmented into pharmaceutical, paints & coatings, printing inks, adhesives, agricultural chemicals, rubber & polymer and others. On the basis of region, the global aliphatic hydrocarbon solvents and thinners market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific. The strong growth in Asia-Pacific is anticipated to be the key driving factor for the growth of the market. China is anticipated to account for the largest share and lead the overall demand for aliphatic hydrocarbon solvents and thinners owing to increasing industrial production over the last few years. The market in other developing countries such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina and India is also anticipated to grow rapidly throughout the forecast period.
 
Major players operating in the global aliphatic hydrocarbon solvents and thinners market are focusing on some key market strategies such as mergers and acquisitions to keep hold in the ever competitive market. 
 
Moreover, they are concentrating on collaborating with local players to increase their market reach as well as strengthen their goodwill in the global market. Some of the major players in the global aliphatic hydrocarbon solvents and thinners market include ExxonMobil, Gulf Chemicals & Industries, Shell Global and CPC Corporation among others.


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