A recent report published by Infinium Global Research on aromatic and aliphatic solvents market provides an in-depth analysis of segments and sub-segments in the global as well as regional aromatic and aliphatic solvents market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional aromatic and aliphatic solvents market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global aromatic and aliphatic solvents market. According to the report, the global aromatic and aliphatic solvents market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
Aromatic and aliphatic solvents are hydrocarbon solvents. Benzene, diethyl benzene, phenol, toluene, and xylene are some of the major aromatic solvents. Aromatic solvents find application in industries such as adhesives, cleaners, oilfield chemicals, paints, pharmaceuticals, printing inks, textiles, and varnish. Aromatic solvents also find application as chemical intermediates, corrosion inhibitors, degreasers, diluents, and extractors. Aromatic solvents have very high solvency rates and it helps in the formation of homogenous solutions. It finds application as an agent for speeding up the drying process of lacquer based paints. Toluene has the major share of demand among the aromatic solvents. Aliphatic solvents possess a straight-chain structure of paraffinic compounds. Heptane, hexane, gasoline, kerosene, lacquer diluents, mineral spirits, and naphtha are some of the major aliphatic solvents. Aliphatic solvents find applications as herbicides, fungicides, insecticides, and some others. Aliphatic solvents are comparatively less harmful than aromatic solvents.
The demand in the industries such as the automotive and construction sector are expected to drive the growth in the aromatic and aliphatic solvents market, as the solvents are utilized for removing grease and oil. Increasing demand from industries such as adhesives, sealants, paint and coatings for aliphatic solvents, due to its intense chemical and properties are expected to drive the growth of the market. The increasing demand for agrochemicals and cosmetics are anticipated to enhance the growth of the market. The health hazards related to solvents such as benzene due to their toxic nature and the stringent government regulations for organic chemicals are expected to be the restraining factors in the aromatic and aliphatic solvents market. Moreover, the acceptance of bio-based aromatic and aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals provide a positive outlook for aromatic and aliphatic solvents during the forecast period.
Among the regions, Asia Pacific dominates the global aromatic and aliphatic solvents market. Asia-Pacific region has a major share in the global aromatic solvents market, due to the high volume of consumption, especially in China and Korea. Growth in the automotive and construction industries is expected to drive the growth of the market in the region. In the Asia-Pacific region, the increased market penetration of aliphatic solvents is anticipated to drive the growth of the market, with more potential left to tap in the middle-eastern countries, which are having a construction boom. The U.S. is expected to drive North-American aromatic and aliphatic solvents market to a moderate growth due to the increasing demand from pharmaceuticals, conventional oil & gas, and shale gas industries. Germany drives the growth of the European market, which is otherwise a matured market. In Latin America, the demand for aromatic solvents from countries such as Argentina, Brazil, and Venezuela are expected to drive the market to steady growth.
The report on global aromatic and aliphatic solvents market covers segments such as source, type, and application. On the basis of source, the sub-markets include bio-based and conventional sources. On the basis of type, the sub-markets include aliphatic solvents and aromatic solvents. On the basis of application, the sub-markets include adhesives, paints and coatings, pharmaceuticals, personal care, and other applications.
The report provides profiles of the companies in the market such as BASF SE, Chevron Phillips Chemical, Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., INEOS AG, LyondellBasell Industries, N.V. Royal Dutch Shell plc, Royal Dutch Shell plc, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of aromatic and aliphatic solvents market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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