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Aliphatic Hydrocarbon Solvents & Thinners Market Outlook, Size, Share, Opportunity And Demand Analysis, Forecast to 2024

Author : Ronak Bora | Published Date : 2019-05-20 

The latest Aliphatic Hydrocarbon Solvents & Thinners Market Size, Research Report 2024 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, key success factors and supply chain analysis.

However, adverse effects on the human health may restrain aliphatic hydrocarbon solvents & thinners market. Their short-term exposure causes dizziness, headache, irritation to skin, eyes and unconsciousness. Its long-term exposure causes muscular weakness, distorted vision, damages to lungs & skin, numbness, fatigue and neurological disorder. Further, strict government regulations on these products may restrain the industry growth.

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Aliphatic Hydrocarbon Solvents & Thinners Market size will witness significant growth owing to its wide usage in paints and coatings industry. Wide usage of paints, coatings in general industries, marine, coil, wood, aerospace and rail have raised its demand and simultaneously boosted aliphatic hydrocarbon solvents & thinners industry. Components are diluted in paints for easy mixture and reducing thickness. In addition, ease in paint application after mixing it with the product will boost the industry growth.

Growing oil & gas industry will drive aliphatic hydrocarbon solvents & thinners market. They are usually added in mineral spirits, petroleum naphtha, octane and petroleum distillates to enhance its performance

Expansion in automotive industry, growing population, increasing disposable income and rising urbanization in developing countries is accelerating industrial rubber demand. Component plays vital role in rubber manufacturing, they are applied in production of tires to glue different pieces and layers of rubber for durability. Increasing demand for rubber in various industry will significantly propel aliphatic hydrocarbon solvents & thinners market.

Asia Pacific led by India, Thailand and Indonesia for Aliphatic hydrocarbon solvents & thinners market are the largest rubber producers of the world, accounting for over 7.5%, 25% and 26% respectively. The product is extensively used to stick layers and pieces of tyres in rubber industry. Increase in automotive sales and growing population is accelerating rubber demand that is simultaneously boosting aliphatic hydrocarbon solvents & thinners industry.

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North America aliphatic hydrocarbon solvents & thinners market size will witness substantial growth due to increasing paint coating industry. The component is used as an additive in the powder coating for resistance and stability. Its chemical properties of thinning paints and coats has boosted its demand in the industry.

Saudi Arabia is largest producer of oil in the world, with production over 10, 00,000 bbl. of oil annually. The product is widely used in oil extraction and is a major element in gasoline. They are regularly added in mineral spirits, petroleum naphtha, octane and petroleum distillates. Country’s economy is mainly driven by oil exports and production that further provides a lucrative opportunity for industry growth.

Prominent players for aliphatic hydrocarbon solvents & thinners market are Mitsubishi Shoji Chemical Corporation, Royal Dutch Shell, Calumet specialty Products Partners, SK Global Chemical Co. Ltd., ExxonMobil Chemical, Hi Tech Chemicals, Kandla Energy & Chemicals Limited, Umwelt Chemicals and Merck.

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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