Report Description Aliphatic Hydrocarbon Solvents Market Size and Forecast
Aliphatic Hydrocarbon Solvents Market was estimated at US$ 3.43 Billion in 2020. It is predicted to reach US$ 4.85 Billion in 2028, increasing at a CAGR of 4.42 per cent from 2022 until 2030.
The market is growing due to the growing demands for coatings and paints from the automotive, decorative, industrial, protective, and decorative coatings and paints industries. The rising demand for commercial and residential buildings in the emerging markets creates opportunities for the need for the aliphatic solvent to grow. Its Global Aliphatic Hydrocarbon Solvents Market report provides an in-depth industry analysis. The report provides a thorough review of the key segments, trends, drivers and restraints, the competitive landscape, and aspects that play significant roles in the scene.
Global Aliphatic Hydrocarbon Solvents Market Definition
Aliphatic Hydrocarbons are hydrocarbons with C-atom chains. Aliphatic Hydrocarbon can be classified into three types. Alkanes are Aliphatic Hydrocarbons that have just one covalent bond between them. The alkynes and the alkenes are hydrocarbons with at least one CC double bond and at the very least 1 CC triple bond. In contrast to containing rings, aliphatic hydrocarbon solvents are organic compounds with carbon atoms linked to open chains, whether straight or branches.
Aliphatic Hydrocarbon solvents are devoid of the benzene ring and consist of the saturated straight-chain (normal-paraffin) and branching chain (Iso-paraffin) or cyclic mixtures of paraffin. They are made by distilling crude oil using an exact boiling point fraction and then treating it to enhance its colour and smell. The solvents of the Aliphatic hydrocarbon series are classified as aliphatic chemical compounds because they are composed of hydrogen and carbon as straight chains or branching trains as well as non-aromatic rings. The aliphatic chemicals include hydrocarbons belonging to the alkene, alkane and alkyne groups, like fatty acids and many other compounds. Thus, they are the opposite of aromatic compounds.
They are often used for oil extraction and degreasing processes, rubber manufacturing, and transporting disinfectants and aerosols, in addition to their use as solvents or diluents for paints and other thinners. Solvents derived from aliphatic hydrocarbons include gasoline and Kerosene. Hexanes, mineral spirits and heptane’s are the most common hydrocarbon solvents that are aliphatic and used in coatings and paints. They are also used to protect against corrosion.
Global Aliphatic Hydrocarbon Solvents Market Overview
Turpentine is extensively used in the art and painting industries. However, it is known for releasing toxic vapors and emitting a strong Oduor. Mineral spirits are aliphatic solvents that function in the same manner as Turpentine but don’t emit any Oduors or vapors. For humans, Turpentine can irritate the eyes, skin mucous membranes, eyes, and respiratory tract. It also causes sensitization to the skin and affects the immunity system.
Due to these reasons, Turpentine is now being replaced by mineral spirits, with no Oduor leading this market. Aliphatic Hydrocarbon Solvents Market. The product is used extensively as an aerosol and disinfectant carrier. Aerosol is a compressed chemical released in the form of a fine spray from gas that is fuel. Aerosols should be stored in a container robust enough to support them. The improper handling of aerosols could have devastating results, including negative impacts on humans and the environment.
The employees working in manufacturing facilities for aliphatic solvents have to be exposed to solvents on an ongoing basis, which could harm their reproductive, nervous, and respiratory systems. Organic solvents are now an attractive option for the manufacture of aliphatic solvents because of strict regulations regarding using solvents. Green solvents like ethanol, glycerol, Ethyl Acetate, and d-limonene are employed in lotions, cosmetics soaps, paints, coatings and adhesives, pharmaceuticals, and other products. They are expected to expand over the next few years.
In the Middle East, real estate activity has risen dramatically as a result of the rapid development of the industry. For instance, Saudi Arabia and the United Arab Emirates are seeking to shift their economy away from oil and toward other sectors. This is why the Middle East’s construction industry has significantly expanded. Paints and coatings, degreasing and cleaning agents, and adhesives are all required for construction. This increases the demand for aliphatic solvents.
Global Aliphatic Hydrocarbon Solvents Market: Segmentation Analysis
The Global Aliphatic Hydrocarbon Solvents Market is segmented according to the type, applications and geography.
Aliphatic Hydrocarbon Solvents Market, By Type
- Varnish Makers & Painters Naphtha
- Mineral Spirit
According to Type, The Market is divided into Varnish Makers and Painters Naphtha, Mineral Spirit, Hexane, Heptane and Others. In 2019 the varnish makers and painters’ naphtha segment led the Aliphatic Hydrocarbon Solvents Market. This market segment is predicted to expand because of the increasing demands for varnish makers and naphtha for painters to use in coatings and paints and cleaning and degreasing. Painters’ naphtha and varnish makers can be used for a vast array of different applications.
Aliphatic Hydrocarbon Solvents Market, By Applications
- Paints & Coatings
- Cleaning & Degreasing
- Polymers and rubbers
- Inks for printing
- Others (Agrochemicals, Pharmaceuticals, and Automotive)
Based on applications, The Market is bifurcated into Paints & Coatings and Cleaning & Degreasing products, adhesives, Aerosols, rubbers & polymers, printing inks, and Other (Agrochemicals, Pharmaceuticals, and Automotive). Because the mixture of solvents in this field is continuously evolving and can meet growing demands for improved performance, aliphatic solvents are used primarily as thinners in coatings and paints. The need for coatings and paints has grown because of the increased demand from different industries that use them for their end-of-life.
Aliphatic Hydrocarbon Solvents Market, By Geography
- North America
- The Netherlands
- Czech Republic
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Rest of South America
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Northern Africa
- Rest of MEA
Based on Geography, The Global Aliphatic Hydrocarbon Solvents Market is divided into North America, Europe, Asia Pacific, and the Rest of the World. By 2020, Asia Pacific will be expected to become the most significant region in the world for Aliphatic Hydrocarbon Solvents. The primary users for Aliphatic Hydrocarbon Solvents in the zone include China, India, Japan and South Korea. The increased demand for commercial and residential structures throughout the Asia Pacific has resulted from an increase in urbanization, population and the income of the middle class, which has contributed to the region’s growth in the Aliphatic Hydrocarbon Solvents Market development.
Key Players in Aliphatic Hydrocarbon Solvents Market
This Global Aliphatic Hydrocarbon Solvents Market study report will offer important information focusing on the world’s market. The leading market players are Mitsubishi Shoji Chemical Corporation, Royal Dutch Shell, Calumet speciality Products Partners, SK Global Chemical Co. Ltd., ExxonMobil Chemical, Hi-Tech Chemicals, and Kandla Energy and Chemicals Limited Umwelt Chemicals, Westlake Chemical Corporation (US)and Merck. The section on competitive landscape contains critical strategies for development, Market share and Market Ranking analysis of the companies mentioned worldwide.
|Aliphatic Hydrocarbon Solvents Market Report Scope and Segmentation|
|UNIT||Value (USD Million/Billion)|
|BY REGION||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
Benefits of Purchasing this Report
- Quantitative and qualitative analysis of the market based upon segmentation that includes both economic and non-economic elements
- Market worth (USD Billion) information for every segment and sub-segments
- It identifies the region or part expected to see the most rapid expansion and dominate the market
- Geography analysis highlights the use of the product or service within the area and provides information on the variables that affect the market in each area.
- A competitive landscape that includes the market position of the leading players, and also new product launches and partnerships, as well as business expansions and acquisitions within the last five years of the companies that are profiled
- A comprehensive company profile that includes a company overview, company information, product benchmarking, and SWOT analysis for the most significant market players
- The current and the future outlook for the industry about the latest developments (which are characterized by growth opportunities as well as drivers, in addition to challenges and constraints of both emerging and developed regions
- In-depth analysis of market conditions from different perspectives using Porters Five Forces Analysis
- Offers insights into the market through Value Chain
- Market dynamics and dynamics and opportunities to grow the market over the years ahead
- Support for sales analysts after six months.