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Aliphatic hydrocarbon solvents and thinners are used by various industries in different applications as refrigerants, propellants, dry cleaning agents, lubricants, and chemical intermediates. Perfumes, paints, artificial flavors, adhesives, tobacco, and candles are some of the products derived from aliphatic hydrocarbon solvents and thinners. This increased applications of these solvents and thinners will be one of the major factors that will have a positive impact on the growth of the aliphatic hydrocarbon solvents and thinners market, which according to Technavio's market research analysts will grow at a CAGR of around 3% by 2021.
In terms of geography, APAC accounted for the highest revenue share of this market in 2016. The region has the presence of a large number of chemical, paint, coating, and pharmaceutical industries. The increasing construction activities in countries such as China that influences the demand for solvents will be a major factor fueling the demand for aliphatic hydrocarbon solvents and thinners in the region. Additionally, the presence of lenient government regulations for the usage of aliphatic hydrocarbon solvents and thinners that attracts vendors towards the region, will also augment the growth of the naptha solvents market.
The market has the presence of a considerable number of vendors. The competition among the players in the aromatic solvents market is intense and the market is witnessing the emergence of environmental-friendly solvents. The players in the naptha solvents market are increasingly focusing on developing solvents with minimum side effects to the environment.
The leading vendors in the market are -
The other prominent vendors in the market are Aned, Gadiv Petrochemical Industries, Ganga Rasayanie, Gulf Chemicals and Industrial Oils Company, Haltermann Carless, Kandla Energy & Chemicals, MK Aromatics, NOCO, Phillips 66 Company, RB PRODUCTS, Recochem, and W.M. Barr.
During 2016, the paints and coatings segment accounted for the major shares of the aromatic solvents market. Aliphatic hydrocarbon solvents are mainly used in applications such as cleaning and thinning and removal of paints. The increasing construction projects in the developing countries that will propel the demand for paint and coatings will be a major factor propelling the growth of the naptha solvents market in this segment.
The varnish makers and painters? naphtha segment will account for the major shares of the aromatic solvents market throughout the next four years. This naphtha is widely used as cleaning fluids and diluting agents in asphalt, paints, and varnishes. Moreover, it is also used by the rubber industry as a rubber solvent and in dry cleaning purposes.
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Aliphatic hydrocarbon solvents are mixtures of branched chain (iso-paraffin), saturated, long straight chain (normal-paraffin), or cyclic paraffins, which come under the category of aliphatic compounds. A thorough data collection methodology is followed by our market research reports for the chemicals and materials and offer an analysis of fast growing market segments like specialty chemicals. This upcoming industry research report on the global aliphatic hydrocarbon solvents and thinners market offers insights into the key trends and developing drivers influencing the growth of the specialty chemicals industry.
Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop active growth strategies and keep pace with the frequently changing market landscape. The market research experts at Technavio also take into account the market forecast, market size, and increasing demand for various specialty chemicals products and services and offers an all-inclusive picture of the global aliphatic hydrocarbon solvents and thinners market for the estimated period of 2017-2021.
This upcoming market research report on the global aliphatic hydrocarbon solvents and thinners market also covers vendors like Gulf Chemical Industries, CPC Corporation, Hunt Refining Company, RecoChem, W.M. Barr & Company, NOCO Energy Corp, Ashland Inc, Dow Chemicals, ExxonMobil Chemical, SK Global Chemical Co, Royal Dutch Shell Plc, and Calumet Specialty Products Partners. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global film capacitor market also covers geographies like the Americas, APAC, ROW, and Europe.
The upcoming industry report on the global aliphatic hydrocarbon solvents and thinners market also offers insights into fast-growing segments within the specialty chemicals industry, including sectors like plastics, polymers, and elastomers and metals and minerals. Furthermore, this report also presents visions into the varying competitive landscape and gives clients a realistic picture of the future direction of the industry.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
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