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Reliable Data You Can Trust
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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