Our latest research report entitled Aromatic and Aliphatic Solvents Market (by source (bio-based), type (aromatic solvents), application (adhesives, paints and coatings, pharmaceuticals, personal care, and other applications)) provides complete and deep insights into the market dynamics and growth of Aromatic and Aliphatic Solvents. The latest information on market risks, industry chain structure Aromatic and Aliphatic Solvents cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Aromatic and Aliphatic Solvents growth factors.
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Demand in the Industries such as the Automotive and Construction Sector is Expected to Drive the Growth
Aromatic and aliphatic solvents are hydrocarbon solvents. Benzene, diethyl benzene, phenol, toluene, and xylene are some of the major aromatic solvents. Aromatic solvents find applications in industries such as adhesives, cleaners, oilfield chemicals, paints, pharmaceuticals, printing inks, textiles, and varnish. Aromatic solvents also find applications as chemical intermediates, corrosion inhibitors, degreasers, diluents, and extractors. Aromatic solvents have very high solvency rates and it helps in the formation of homogenous solutions. It finds application as an agent for speeding up the drying process of lacquer-based paints. Toluene has the major share of demand among the aromatic solvents. Aliphatic solvents possess a straight-chain structure of paraffinic compounds. Heptane, hexane, gasoline, kerosene, lacquer diluents, mineral spirits, and naphtha are some of the major aliphatic solvents. Aliphatic solvents find applications as herbicides, fungicides, insecticides, and some others. Aliphatic solvents are comparatively less harmful than aromatic solvents.
The demand in the industries such as the automotive and construction sector is expected to drive the growth in the aromatic and aliphatic solvents market, as the solvents are utilized for removing grease and oil. Increasing demand from industries such as adhesives, sealants, paint and coatings for aliphatic solvents, due to its intense chemical and properties are expected to drive the growth of the market. The increasing demand for agrochemicals and cosmetics are anticipated to enhance the growth of the market.
The health hazards related to solvents such as benzene due to their toxic nature and the stringent government regulations for organic chemicals are expected to be the restraining factors in the aromatic and aliphatic solvents market. Moreover, the acceptance of bio-based aromatic and aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals provide a positive outlook for aromatic and aliphatic solvents during the forecast period.
The Asia Pacific Dominates the Global Aromatic and Aliphatic Solvents Market
Among the regions, Asia Pacific dominates the global aromatic and aliphatic solvents market. Asia-Pacific region has a major share in the global aromatic solvents market, due to the high volume of consumption, especially in China and Korea. Growth in the automotive and construction industries is expected to drive the growth of the market in the region.
In the Asia-Pacific region, the increased market penetration of aliphatic solvents is anticipated to drive the growth of the market, with more potential left to tap in the middle-eastern countries, which are having a construction boom. The U.S. is expected to drive North-American aromatic and aliphatic solvents market to a moderate growth due to the increasing demand from pharmaceuticals, conventional oil & gas, and shale gas industries.
Germany drives the growth of the European market, which is otherwise a matured market. In Latin America, the demand for aromatic solvents from countries such as Argentina, Brazil, and Venezuela are expected to drive the market to steady growth.
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Report on Global Aromatic and Aliphatic Solvents Market Covers Segments such as Source, Type, and Application
On the basis of source, the sub-markets include bio-based and conventional sources. On the basis of type, the sub-markets include aliphatic solvents and aromatic solvents. On the basis of application, the sub-markets include adhesives, paints and coatings, pharmaceuticals, personal care, and other applications.
The report provides profiles of the companies in the market such as BASF SE, Chevron Phillips Chemical, Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., INEOS AG, LyondellBasell Industries, N.V. Royal Dutch Shell plc, Royal Dutch Shell plc, and Other Companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Aromatic and Aliphatic Solvents.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.