Global Aliphatic Hydrocarbon Solvents and Thinners Market, 2021

The global aliphatic hydrocarbon solvents and thinners market to grow at a CAGR of 2.62% during the period 2017-2021.

Global Aliphatic Hydrocarbon Solvents and Thinners Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Solvents are used to dissolve solutes and form solutions and help enhance the properties of certain substances. Thinners are solvents that are capable of thinning oil-based paints for smooth application. These are primarily used for dilution. The global solvent market is growing at a steady rate. Apart from industrial applications, solvents are used in day-to-day activities as well.

The latest trend gaining momentum in the market is Consumers switching to low-toxic solvents. Aliphatic hydrocarbon solvents and thinners are used in many industries. However, they are highly toxic. The use of these solvents is maximum in the paints and coatings industry. These are used in painting applications. Though mineral spirits are odorless and preferred over turpentine, they too are toxic. Art schools tend to avoid high toxic solvents.

According to the report, one of the major drivers for this market is Rising demand for paints and coatings. In 2016, the paints and coatings market was valued at $143.04 billion. Growth in the construction industry drives the paints and coatings market. The construction industry was valued at $8,747.4 billion in 2016. Aliphatic hydrocarbon solvents and thinners are primarily used in the construction, and paints and coatings industries. Increasing constructions in the developing economies drive the paints and coatings market, which in turn, fuels the demand for industrial solvents.

Further, the report states that one of the major factors hindering the growth of this market is Rising demand for green and bio-based solvents. The increasing focus on environment-friendly products has reduced the demand for aliphatic solvents derived from synthetic routes and crude oil that have adverse effects on human health and the environment. The global green and bio-based solvents market is estimated to grow at a CAGR of 8.47%. Growing awareness on use of green and bio-based products is driving the market of global green and bio-based solvents market and in the coming years it estimated to grow at significant pace.

Key vendors

Other prominent vendors

Key Topics Covered:

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

For more information about this report visit https://www.researchandmarkets.com/research/6qd88p/global_aliphatic

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716