The Universal Selection Source:
Adhesives Ingredients
Industry News

Aliphatic Hydrocarbon Solvents & Thinners Market to Reach USD 5.41 Billion by 2026: M&M

Published on 2017-01-25. Author : SpecialChem

The report "Aliphatic Hydrocarbon Solvents & Thinners Market by Type (Varnish Makers & Painter’s Naphtha, Mineral Spirits, Hexane, Heptane), Application (Paints & Coatings, Cleaning & Degreasing, Adhesives, Aerosols, Rubber & Polymer) - Global Forecast to 2026", The global aliphatic hydrocarbon solvents & thinners market was valued at USD 4.12 Billion in 2015 and is projected to reach USD 5.41 Billion by 2026, at a CAGR of 2.5% from 2016 to 2026.

Replacement of turpentine by mineral spirits, high growth in the paints & coatings industry, and growing penetration of aliphatic hydrocarbon solvents & thinners in the Asia-Pacific region are the factors projected to drive the growth of the market in the near future.

Fastest Growing Segment

The varnish makers & paints naphtha segment is projected to be the fastest-growing type segment of the aliphatic hydrocarbon solvents & thinners market from 2016 to 2026. It is a petroleum solvent similar in strength to mineral spirits, but is more volatile and has a faster drying time, which makes it widely applicable across several application segments such as paint & coatings, cleaning & degreasing, and others. It is known to have a pleasant sweet smell and is ideal for most solvent-based finishes, making it popular for lengthy projects. All these properties help in making this segment the most sought after type in the aliphatic hydrocarbon solvents & thinners market.

Largest Market Share

The paints & coatings segment accounted for the largest market share in 2015. Aliphatic hydrocarbon solvents & thinners are widely used in the paints & coatings industry as they help dry the paint quickly and create several types of paints for various purposes such as buildings, automotive, and others, which is not possible using other solvents. Due to this, paints & coatings is the largest application for aliphatic hydrocarbon solvents & thinners.

Largest Market

The Asia-Pacific region was the largest aliphatic hydrocarbon solvents & thinners market in 2015 as two of the world’s most populated countries, China and India, are present in this region. High infrastructure growth in the region is expected to boost the demand for paints & coatings, which will consequently lead to the growth of the aliphatic hydrocarbon solvents & thinners market in the region.

Key players operational in the aliphatic hydrocarbon solvents & thinners market include ExxonMobil Chemical (U.S.), SK Global Chemical Co. Ltd. (South Korea), Royal Dutch Shell Plc (Netherlands), and Calumet Specialty Products Partners (U.S.), among others.

About MarketsandMarkets

MarketsandMarkets is amongst the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. M&M specializes in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Its 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in its reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

PS: If you liked this News, you might enjoy our Adhesives Industry Newsletter. All the Industry News delivered once a week right to your inbox. Sign up here!

Improve your performance with water soluble epoxy compounds
Process oils for non-woven adhesives
Channel Alerts

Receive weekly digests on hot topics

Back to Top