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Aliphatic Hydrocarbon Solvents & Thinners Market by Type, Application - Global Forecast to 2026

Aliphatic Hydrocarbon Solvents & Thinners Market: Global Forecast until 2026

  • January 2017
  • 165 pages
  • ID: 4655401
In this report:
As per an article published in the Coatings World magazine in August, 2015, "In 2013, the total sales of coatings in Asia Pacific was USD ##.## billion.
According to the National Institute of Geography and Statistics (INEGI), the chemicals industry accounted for ##.##% of Mexico's GDP and ##.##% of manufacturing GDP in 2012.
The green solvents segment constitutes ##% of the total solvents market and is expected to witness growth in the coming years.

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"The overall aliphatic hydrocarbon solvents & thinners market is estimated to rise at a compound annual growth rate of 2.50 percent from 2016 to 2026"

The overall aliphatic hydrocarbon solvents & thinners market was estimated at ~$4.1B in 2015 and is projected to extend ~$5.4B by 2026, at a compound annual growth rate (CAGR) of 2.50 percent from 2016 to 2026. Replacement of turpentine by mineral spirits, important rise in the paints & coatings market, and increasing penetration of aliphatic hydrocarbon solvents & thinners in the Asia Pacific (APAC) area are the factors estimated to drive the market increase in the upcoming future. The booming construction industry and the economies in the Middle East area are some of the untapped opportunities for the aliphatic hydrocarbon solvents & thinners sector.

"Varnish makers & paints naphtha is the biggest type segment of the overall aliphatic hydrocarbon solvents & thinners market"

The varnish makers & paints naphtha segment helped the biggest share in 2015 and is forecasted to be the biggest segment in the aliphatic hydrocarbon solvents & thinners market, by category, from 2016 to 2026. The properties of varnish makers & painter's naptha make it a preferred solvent for different end-user markets, mainly the paints & coatings market.

"Paints & coatings application is the quickest-rising application in the overall aliphatic hydrocarbon solvents & thinners market during the estimate period"

The paints & coatings segment is the quickest-increasing application segment of the overall aliphatic hydrocarbon solvents & thinners market. High demand of paints & coatings from sectors like automotive, building & construction, and others have boosted the demand of aliphatic hydrocarbon solvents & thinners due to their versatile properties.

"Asia-Pac is forecasted to be the quickest-rising regional aliphatic hydrocarbon solvents & thinners market succeeded by Middle East area & African continent during the outlook period"

Asia Pacific (APAC) and Middle East (ME) & African continent are projected to be the quickest-increasing regional aliphatic hydrocarbon solvents & thinners market during the forecast period of 2016 and 2026. Big infrastructure projects and increase of the paints & coatings sector in these areas are boosting the rise of the aliphatic hydrocarbon solvents & thinners market in these areas.

Profile break-up of primary participants for the industry report:

- By Company category: Tier 1 - 31 %, Tier 2 - 46.0 percent, Tier 3 - 23.0 percent

- By Description: C-suite - 50.0 percent, Grade of manager - 30.0 percent, Others - 20.0 percent

- By area: Asia-Pacific - 38.0 percent, Europe - 26.0 percent, North america (NA) - 18.0 percent, Middle East & Africa- 12.0 percent, Latin America - 6.0 percent

*Others includes sales, marketing, and product managers

Moreover, as a part of qualitative analysis, the industry research offers a comprehensive review of the main market drivers, business restraints, alternatives, and opportunities. It also considers competitive landscape approved by various market players, including ExxonMobil Chemical, SK Global Chemical Co. Ltd., Royal Dutch Shell Plc, and Calumet Specialty Products Partners, among others.

Segment Research

The study defines, segments, and projects the overall aliphatic hydrocarbon solvents & thinners market based on type, application, and area. It offers exhaustive information concerning the main factors influencing the increase of the market, including drivers, industry restraints, possibilities, and market-specific challenges. It also strategically profiles top actors and comprehensively analyzes their share of market and core competencies and tracks and analyzes competitive developments including partnerships, contracts, and joint ventures (JV); mergers & acquisitions; business developments; recent product launches; and analysis & growth activities in the sector.

Why Purchasing This Study Can Help You:

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global aliphatic hydrocarbon solvents & thinners market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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