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Aliphatic Hydrocarbon Solvents & Thinners Market Expected to Grow at 5.2 Billion In Revenue by 2024

10-23-2020 12:33 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Aliphatic Hydrocarbon Solvents & Thinners Market Expected

According to Market Study Report, Aliphatic Hydrocarbon Solvents & Thinners Market provides a comprehensive analysis of the Aliphatic Hydrocarbon Solvents & Thinners Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.

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The Aliphatic Hydrocarbon Solvents & Thinners Market is projected to grow from USD 4.6 billion in 2019 to USD 5.2 billion by 2024, at a CAGR of 2.7% from 2019 to 2024. This report spread across 163 Pages, Profiling 13 Companies and Supported with 119 Tables and 36 figures are now available in this research.

Top Key Players Profiled in the Aliphatic Hydrocarbon Solvents & Thinners Market:
• 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)
• Recochem Inc. (Canada)
• HCS Group (Germany)
• W.M. Barr (US)
• Ganga Rasayanie (P) Ltd (India)
• NOCO Energy Corporation (US)
• Gadiv Petrochemical Industries Ltd. (Israel)
• Hunt Refining Company (US)
• Honeywell International Inc. (US)
• BASF SE (Germany)
• LyondellBasell Industries Holdings B.V. (Netherlands)

Based on application, the paints & coatings segment led the aliphatic hydrocarbon solvents & thinners market in 2018 in terms of both, value and volume. Growth of this segment can be attributed to the increasing demand for decorative, automotive, industrial, and protective paints & coatings in both, developed and emerging countries.

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Based on type, the varnish makers’ & painters’ naphtha segment accounted for the largest share of the aliphatic hydrocarbon solvents & thinners market in 2018. The varnish makers’ & painters’ naphtha segment is projected to lead the market in terms of both, value and volume during the forecast period. Varnish makers’ & painters’ naphtha is obtained by the distillation of hydrocarbons. A major source of naphtha is crude oil, which is processed in refineries to break down the chains of hydrocarbons.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-level Executives – 25%, Directors – 25%, and Others – 50%
• By Region: North America – 40%, Europe – 25%, Asia Pacific – 25%, the Middle East & Africa- 5%, and South America – 5%

Competitive Landscape of Aliphatic Hydrocarbon Solvents & Thinners Market:
1 Overview
2 Market Share of Key Players
3 Competitive Situation and Trends
3.1 New Product Launches
3.2 Acquisitions
3.3 Expansions

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Reason to access this report:
The report is expected to help market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the aliphatic hydrocarbon solvents & thinners market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the positions of their businesses, and make suitable go-to-market strategies.

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