Aliphatic Solvent Market - Global Industry Analysis

Global Aliphatic Solvent Market: Overview

Aliphatic compounds that do not contain benzene rings are referred to as aliphatic solvents or non-aromatic solvents. These are the mixtures of the long-straight chain, cyclic, saturated, or branched-chain paraffin. Aliphatic solvents differ from aromatic solvents because they don’t consist of a hydrocarbon like a xylene or toluene. Aliphatic solvents are widely used across the world by a large number of populations in their day-to-day products. They are used in paints, metalworking, aerosols, coatings, adhesive/sealants, and many more. Aliphatic solvents that are been commonly used in coatings & paints are heptanes, mineral spirits, and hexanes. These solvents are also used as corrosion inhibitors.

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Global Aliphatic Solvent Market: Growth Factors

Rise in commercial & residential projects, growing demand for mineral spirits instead of turpentine, and expanding the automotive sector at a rapid pace are the key aspects that are fueling the growth of the global aliphatic solvent market. The aliphatic compounds have a wide range of benefits which includes high absorbance with organic matter, very low water solubility, very versatile and thus can be used in several industries, and are less toxic when compared to aromatic compounds. In addition to this, the key players in the aliphatic solvent market are heavily investing in R&D activities to make eco-friendly, bio-renewable, and biodegradable printing inks owing to the growing demand of consumers. The mineral spirits in addition to their wide application in paints they are also used for wood treatment products, metal cleansing & degreasing, household specialty products, hand cleaning compounds, adhesive, aerosol formulation lighter fluids, drilling solvents, metal rolling oils, lamp oil, and dry cleaning. Owing to all these applications and benefits, there is an upsurge in the demand for aliphatic solvents and this is majorly contributing to the growth of the global aliphatic solvent market. Moreover, the rapid increase in urbanization and growing demand from paints, coating & decorative industries are also the factors that are spurring the growth of the aliphatic solvent market. Furthermore, a rise in mergers & acquisitions, as well as strategic partnerships to expand their business, may lead to substantial growth in the global aliphatic solvent market during the forecast period. However, the health problems related to the constant use of solvents as well as restrictive regulations on its use may hinder the growth of the global aliphatic solvent market.

All the sectors of business are severely hit by the outbreak of Covid-19. The disruption in the supply chain has resulted in a scarcity of raw materials for all industries. The construction sector has halted its projects and also hold back the launch of new projects for commercial as well as residential sites. In addition to this, the automotive sector is also been hampered due to the restriction on transport and strict lockdown in countries across the world. The demand for aliphatic solvents has also been decreased from its end-users as most of them have to cease all their operations during the first and second quarter of the year 2020. Thus, the growth of the global aliphatic solvents has witnessed a slow growth rate during the outbreak of the Covid-19.

Global Aliphatic Solvent Market: Segmentation

The global aliphatic solvent market is categorized based on type, application, and region. Based on the type, the global aliphatic solvent market is classified into heptane, mineral spirits, varnish makers & painters naphtha, hexane, and others. Based on the application, the global market is bifurcated into adhesives, cleaning & degreasing, rubbers & polymers, aerosols, paintings & coatings, printing inks, and others.

Global Aliphatic Solvent Market: Regional Analysis

Asia Pacific region is estimated to dominate the global aliphatic solvent market and holds the largest share in terms of revenue. Factors such as an increase in commercial as well as residential projects, growing demand from the paints & coating industries, and growing construction sector boost the regional market growth. The market in North America and Europe are also expected to witness substantial growth and significantly contribute to the growth of the market. This is attributable to the rapidly growing automotive sector, growing demand for printing inks, and huge investments in R&D by the key players.

Global Aliphatic Solvent Market: Competitive Players

Carolina International Sales Company Inc., Ganga Rasayanie Private Limited, Gulf Chemical & Industrial Oils, Gadiv Petrochemical Industries Ltd., Exxon Mobil Corp., Pon Pure Chemicals Group, Recochem Inc., HCS Group GmbH, Royal Dutch Shell Plc, and Total S.A. are the key players that are operating in the global aliphatic solvent market.

Global Aliphatic Solvent Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.