The global demand for Aliphatic Solvents Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Aliphatic solvents or non-aromatic solvents are compounds that do not contain a benzene ring. They are mixtures of saturated, branched-chain, long straight-chain, or cyclic paraffin. Aliphatic solvents exhibit high absorbency with organic matter, very versatile, can be used in many industries, very low water solubility, and less toxic than aromatic solvents. It is synthesized using the distillation process of crude oil to an appropriate boiling point range fraction and then is treated to improve its odor and color.
Market Dynamics
Rapid industrialization & urbanization, expanding population, flourishing economies, and booming demand for paints, adhesives, aerosols, rubbers & polymers, and printing inks drive the global aliphatic solvents market. Increasing residential construction activities worldwide, significant industrial constructions from developing marketplaces and prospering middle-income populations also augment global aliphatic solvents demand. Countries of Asia Pacific such as India, China, Japan, and ASEAN are expected to present ample opportunities for market growth. The market is witnessing shifting trends towards green solutions. Companies are looking for green sources to manufacture aliphatic solvents. Growing research on the green sources and extraction of aliphatic compounds with minimum cost is predicted to bring some attractive prospects for market growth. However, crude oil price fluctuations and stringent environmental regulations may hinder the market growth during the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of aliphatic solvents. The growth and trends of Aliphatic Solvents Industry provide a holistic approach to this study.
Market Segmentation
This section of the aliphatic solvents market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Mineral spirits
- Hexane
- Heptane
- Varnish Makers' & Painters' Naphtha
- Others
By Application
- Paints & Coatings
- Cleaning & Degreasing
- Adhesives
- Aerosols
- Rubbers & Polymers
- Printing Inks
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Aliphatic Solvents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Aliphatic Solvents Market Share by Region (Representative Graph)
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The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aliphatic solvents market include Ganga Rasayanie P. Ltd., Pon Pure Chemicals, Carolina International Sales Co., INC, Banner Chemicals Limited, Technical Products, Inc., JiangYin WuYang Chemical Co.,Ltd, RB PRODUCTS, INC., Calumet Specialty Products Partners, L.P., Gadiv Petrochemical Industries Ltd., HCS Group GmbH, SK global chemical Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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