Aliphatic Solvents Market: Introduction

In terms of value, the global aliphatic solvents market is anticipated to expand at a CAGR of 5.2% from 2020 to 2030 and reach US$ 3.34 Bn by 2030. Asia Pacific dominated the global aliphatic solvents market in terms of volume in 2019. It is estimated to lead the global aliphatic solvents market during the forecast period. The paints & coatings application segment is projected to offer lucrative opportunities to the global aliphatic solvents market in the near future. The aliphatic solvents market in North America is anticipated to expand at a rapid pace during the forecast period. The aliphatic solvents market in Europe is projected to expand at a healthy CAGR during the forecast period. According to Oxford Economics, the global construction industry output is likely to increase by 85% to reach value of US$ 15.5 Trn by 2030, with three major countries – China, the U.S., and India – accounting for 57% of the global market. This is expected to boost the demand for aliphatic solvents that are utilized in paints & coatings in the building & construction sector during the forecast period. In turn, this is likely to propel the global aliphatic solvents market in the near future.

Aliphatic Solvents Market: Major Drivers and Restraints

Aliphatic solvents play a significant role in paints and coatings in the desired consistency and help avoid globs or clums. Aliphatic solvents play a vital role in coating formulations even if they are not present in the final stage due to evaporation and control viscosity for the application. Industrial coatings made with aliphatic solvents dry up to 10 times faster than low-solvent alternatives at room temperature, making painting fast and easy along with other benefits such as long-lasting protection and strong performance in extreme weather conditions.

Get PDF sample for Industrial Insights and business Intelligence –
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81123

Aliphatic solvents are a powerful group of solvents possessing outstanding properties such as slow evaporation that helps provide several smooth, flawless applications of paints for an attractive, more durable finish. Paints and coatings are widely used in construction, automotive & transportation, and wood industries. They are primarily employed to protect structures from any external damage in the building & construction industry. Paints and coatings are employed in various applications in decorating residential and non-residential infrastructure & buildings, industrial equipment, automobiles & marine, and industrial wood.

There has been a significant growth in real estate activities across the globe, along with rapid industrialization in the Middle East. Countries such as Saudi Arabia and the UAE aim to reduce their dependence on the oil industry for economic growth and focus on other industries. Thus, the construction industry has witnessed major growth in the Middle East. The construction industry requires paints & coatings, cleaning & degreasing agents, and adhesives. This is driving the demand for aliphatic solvents.

Aliphatic Solvents Market: Key Application

Based on application, the paints & coatings segment held notable share of the global aliphatic solvents market in 2019. This trend is estimated to continue during the forecast period. The rubbers & polymers segment of the global aliphatic solvents market is anticipated to expand at a healthy CAGR during the forecast period, owing to the increase in demand for rubber in the tire industry. Hydrocarbon waxes act as ozone resistance additives in rubber, thereby increasing the durability of rubber.

Request for Custom Research –

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=81123

Competition Landscape of Aliphatic Solvents Market

Key manufacturers operating in the global aliphatic solvents market include Exxon Mobil Corp., Total S.A., Royal Dutch Shell Plc, RB PRODUCTS, INC., Ganga Rasayanie Private Limited, Pon Pure Chemicals Group, Carolina International Sales Company Inc., Gadiv Petrochemical Industries Ltd., HCS Group GmbH, Recochem Inc., and Gulf Chemical & Industrial Oils.

Global Aliphatic Solvents Market: Segmentation

Aliphatic Solvents Market, by Application

  • Paints & Coatings
  • Cleaning & Degreasing
  • Adhesives
  • Aerosols
  • Rubbers & Polymers
  • Printing Inks
  • Others (including Oil & Gas)

Aliphatic Solvents Market, by Region

  • North America

o U.S.

o Canada

  • Europe

o Germany

o France

o U.K.

o Italy

o Spain

o Russia & CIS

o Rest of Europe

Make an Enquiry Before Buying –

https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=81123

Latin America

o Brazil

o Mexico

o Rest of Latin America

  • Middle East & Africa

o GCC Countries

o South Africa

o Rest of Middle East & Africa

  • Asia Pacific

o China

o India

o Japan

o ASEAN

o Rest of Asia Pacific

 

Get Trending Report:

Sand Control Systems Markethttps://www.globenewswire.com/en/news-release/2022/09/23/2521844/0/en/Sand-Control-Systems-Market-to-Expand-at-a-CAGR-of-3-96-during-Forecast-Period-Notes-TMR-Study.html

Breathing Battery Market – https://www.globenewswire.com/en/news-release/2022/09/21/2520505/0/en/Breathing-Battery-Market-to-Expand-at-a-CAGR-of-8-5-during-Forecast-Period-TMR-Study.html

 

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

 

Tags:

See Campaign: https://www.transparencymarketresearch.com

Contact Information:

Nikhil Sawlani Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA – Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Blog: https://tmrblog.com Email: [email protected]

Tags:
Reportedtimes, Financial Content, PR-Wirein, iCN Internal Distribution, Extended Distribution, Research Newswire, English