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Aliphatic solvents and thinners are aliphatic hydrocarbons that are used as solvents. Sometimes they are mixture of long, straight chained, branched and cyclic aliphatic hydrocarbons. These solvents are generally derived from petroleum and crude oil. They are used as refrigerants, propellants, lubricants, cleaning agents, chemical intermediates and others. The increasing demand from any end-use sectors is likely to foster the market growth.
The aliphatic solvents are used majorly as thinners in paints and coatings. These solvents make the paints durable and enhance their performance. The high demand from paints and coatings industries is likely to boost the market.
However, cracking of some of the aliphatic solvents produce poisonous gases. This is likely to hamper the market growth of the aliphatic solvents and thinners. The use of certain solvents for making soaps and other cleaning and degrading agents shall foster the market demand.
Key Market Driver -
Increasing demand from paints and coatings industry.
Key Market Restraint -
Emission of harmful gases on cracking may hinder the market
Based on type, the market is segmented into varnish makers and painter’s naptha, Mineral spirit, hexane, heptane and others. Based on application, the market is segmented into paints & coatings, degreasing and cleaning, adhesives, aerosols, rubber & polymers, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global aliphatic solvents and thinners market consists of global & regional players operating. Some of the key players in the market include ExxonMobil Chemical, Inc., Royal Dutch Shell Plc, Gotham Industries, Recochem Inc., W.M. Barr, NOCO Energy Corporation, SK Global Chemical Co., Ltd., BASF SE, Ganga Rasayanie and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the largest market due to the growing demand from paints& coatings sector. Additionally, the large manufacturing bases for such chemicals in China is likely to boost the regional market. North America is expected to show significant growth due increasing demand from paints and coatings industries. Thera has been significant demand from European countries for varnishes and solvents. Besides, the rapid industrialization in the Europe is expected to raise the demand for aliphatic solvents from various end-use industries. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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