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Allied Market Research

Aliphatic Solvents Market by Type (Varnish, Mineral Paint, Hexane, and Others), and Application (Paint, Coating, Aerosol, Rubbers, Polymers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11604
Pages: NA
Aug 2021 | 168 Views
   
Author(s) : Eswara Prasad
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Aliphatic Solvents Market Analysis  2021-2030

Aliphatic solvents are in the classification of aliphatic mixtures. Aliphatic solvents don't contain a benzene ring. They are combinations of saturated, long straight chain (ordinary paraffin), branched chain (iso-paraffin) or cyclic paraffins. These solvents are produced by the refining of crude oil by the suitable boiling point range fraction, and afterward are treated more to refine their odor and tint.

Aliphatic solvents vary from fragrant solvents since they don't comprise a hydrocarbon like a xylene or toluene. Aliphatic solvents are broadly utilized across the world by an enormous number of people in their everyday items. They are utilized in paints, metalworking, aerosols, coatings, adhesive/sealants, and other. Aliphatic solvents that are been generally utilized in coatings and paints are heptanes, mineral spirits, and hexanes. These solvents are likewise utilized as corrosion inhibitors.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Application, & region

  Regions Covered

North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

ExxonMobil Chemical, Inc. (US), SK Global Chemical Co., Ltd. (South Korea), Royal Dutch Shell Plc. (Netherlands), Calumet Specialty Products Partners, L.P. (US), Gotham Industries (Canada), Gulf Chemicals and Industrial Oils Co., (Saudi Arabia).
 

 

COVID-19 Impact analysis

  • COVID-19 pandemic has an adverse effect on the aliphatic market as the production of automobiles was completely halted and the sales were minimal because of which the product related to Aliphatic solvents were used very less and it has seen a downward slope.
  • Moreover the chemical industry in the COVID-19 pandemic were not thriving which resulted in low production and even less profit. Also the construction business was affected to which indirectly affected the Aliphatic Solvents Market due to less construction there were practically no use of solvent and products similar to them.
  • Times have changed and it is being seen that the aliphatic solvents market is recovering at a steady pace and will eventually get back to its previous state. The supply chains are recovering again and the production has gradually started to increase. The usage of aliphatic solvents has increased again in different parts of the world and the market is seen to be recovering.

Top Impacting Factors: Drivers & challenges

Drivers: Aliphatic hydrocarbon solvents and thinners segments are diluted in paints for simple combination and lessening thickness. Likewise, ease in paint application after blending it in with the products will support the business and industry growth. Extension in the automobile industry, subsequent growth in population, rise in disposable income and rising urbanization in non-industrial nations is speeding up the demand. Expanding interest for rubber in different enterprises will essentially drive aliphatic hydrocarbon solvents and thinners market. The item is widely utilized as transporters for aerosols and sanitizers/disinfectants. Aerosol is a substance encased under pressure and delivered as a fine spray of a fuel gas. Compartment holding aerosols ought to be sufficiently able to hold and carry it.

Challenges: Severe consequences for the human health may limit aliphatic solvents and thinners market. Their transient openness causes dizziness migraine, and irritation to skin, eyes and unconsciousness. If exposed to these substances for long-term it may cause, harms to lungs and skin, numbness, weariness and neurological problem. Further, strict official laws on these items may restrain the business and industry growth. The health risks identified with solvents, for example, benzene because of their poisonous nature and the rigid government laws for natural synthetic substances are required to be the restraining elements in the aromatic and aliphatic solvents market.

Market Trends

  • The interest in the ventures, for example, the automobile and construction area are expected to drive the development in aliphatic solvents market, as the solvents are used for eliminating grease and oil. Expanding demand from industries like glues, sealants, paint and coatings for aliphatic solvents, because of its extreme chemical properties are relied upon to drive the development of the market.
  • Among the areas, Asia-Pacific overwhelms the worldwide aromatic and aliphatic solvents market. Asia-Pacific region has a significant offer in the worldwide fragrant solvents market, because of the great volume of utilization, particularly in China and Korea. Development in the automobile and construction enterprises is relied upon to drive the development of the market around there. In the Asia-Pacific region, the expanded market entrance of aliphatic solvents is expected to drive the development of the market, with more likely left to tap in the center eastern nations, which are having a construction boom.
  • Aside from paints and coatings, these aliphatic hydrocarbon solvents and thinners are likewise utilized in glues and sealants, in rubber producing industries and others which have numerous applications in different end-users’ industries such as automobile and others. In automobile industry, aside from paints and coatings, these aliphatic hydrocarbon solvents and thinners are utilized as chemicals and degreasing specialists.
  • The U.S. is expected to drive North-American aromatic and aliphatic solvents market to a moderate development because of the expanding request from pharmaceutical, customary oil and gas, and shale gas enterprises. Germany drives the development of the European market, which is generally a developed market. In Latin America, the interest for fragrant solvents from nations, for example, Argentina, Brazil, and Venezuela are anticipated to drive the market.

Key Segments Covered

Type

  • Varnish
  • Mineral spirit
  • Hexane
  • Heptane
  • Others

Application

  • Paint, coating
  • Aerosol
  • Cleaning and Degreasing
  • Adhesives
  • Rubbers and Polymers
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the Aliphatic Solvents Market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Aliphatic Solvents Market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Aliphatic Solvents Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed Aliphatic Solvents Market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Aliphatic Solvents Market Report

  • Who are the leading market players active in the Aliphatic Solvents Market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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