Aliphatic Hydrocarbon Solvents Market – Growth Opportunities & Technology Developments by 2025
The main objective of this report is to define, describe, and forecast the global “Aliphatic Hydrocarbon Solvents” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Aliphatic hydrocarbon solvents are defined as organic compounds whose carbon atoms are linked in open chains, either straight or branched, rather than containing a benzene ring. Aliphatic hydrocarbon solvents do not have a benzene ring, but they are mixtures of saturated, long straight chain (normal-paraffin), branched chain (Iso-paraffin), or cyclic paraffin. They are produced by the distillation of crude oil with an appropriate boiling point range fraction, and then they are treated to improve their color and odor. Aliphatic hydrocarbon solvents are considered to be aliphatic compounds, they contain carbon and hydrogen which are joined together in straight chains, branched trains or non-aromatic rings.
The hydrocarbons of the alkane type, alkene, and alkyne series are aliphatic compounds, similar to fatty acids and many other compounds; therefore, aliphatic compounds are the opposite of aromatic compounds. In addition to their use as solvents or diluents in paints and thinners, they are widely used in oil extraction, degreasing, rubber manufacturing, and as carriers for aerosols and disinfectants. Gasoline and kerosene are examples of aliphatic hydrocarbon solvents. Common aliphatic hydrocarbon solvents used in paints and coatings are mineral spirits, hexanes, and heptanes. These compounds are also used as corrosion inhibitors. Some common examples of aliphatic hydrocarbon solvents are mineral spirits, petroleum naphtha, petroleum distillate, cyclohexane, octane, and pentane or isopentane nonane. Most of the solvents can contain a blend or mixture of different aliphatic types or aliphatic or aromatic hydrocarbons which depend on their end use industrial applications.
Substitute of turpentine by mineral spirits, and diversifying portfolio such as paints & coatings industry, and increasing applications of aliphatic hydrocarbon solvents are some of the major drivers propelling the aliphatic hydrocarbon solvents market. Expansion of the construction industry is also one of the factors impelling the market. Demand for aliphatic hydrocarbon solvents from industries such as automotive and building & construction are boosting the market. The paints & coatings segment is the fastest-growing application in the global aliphatic hydrocarbon solvents market. However, easy availability of substitutes may hamper the growth of the market.
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Based on types, the aliphatic hydrocarbon solvent market is segmented into varnish maker’s & printer’s naphtha, mineral spirits, hexane, heptane, and others. In terms of application, the market is segmented into paints & coatings, cleaning & degreasing, adhesives, aerosols, rubbers & polymers, printing inks, and others (agrochemicals, pharmaceuticals, and automotive).
Based on region, the aliphatic hydrocarbon market is segmented into South America, North America, Europe, and Middle East & Africa. Infrastructure projects and growth of the paints & coatings industry are estimated to show the largest demand for aliphatic hydrocarbon solvents market in these regions. The market in Middle East and Africa is projected to expand at a rapid pace during the forecast period.
Key players operating in the aliphatic hydrocarbon market are Exxon Mobil, SK global chemical, Shell, Calumet Specialty Products Partners, Gotham Industries, Gulf Chemicals and Industrial Oils Company, Haltermann Carless, Kandla Energy & Chemicals, and MK Aromatics.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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