Aliphatic Hydrocarbon Solvents & Thinners Market Analysis with COVID-19 Strategic Trends and Forecast to 2027

The research report " Aliphatic Hydrocarbon Solvents & Thinners Market: By Type (Heptane, Hexane, Mineral Spirits, Varnish Makers’ & Painters’ Naphtha, and Others (Paraffinic Solvent, Pentane, and Solvent 140)), By Application (Adhesives, Aerosols, Cleaning & Degreasing, Paints & Coatings, Printing inks, Rubbers & polymers, and Others (Agrochemicals, Pharmaceuticals, and Automotive)) and Geography -Global/Region/Country Forecast to 2027", The Global Aliphatic Hydrocarbon Solvents & Thinners Market was valued US$ 3.5 Bn in the year 2020 and is anticipated to grow at US$ 5.09 Bn till 2027 witnessing a CAGR of 5.50% over the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on " Aliphatic Hydrocarbon Solvents & Thinners Market: By Type (Heptane, Hexane, Mineral Spirits, Varnish Makers’ & Painters’ Naphtha, and Others (Paraffinic Solvent, Pentane, and Solvent 140)), By Application (Adhesives, Aerosols, Cleaning & Degreasing, Paints & Coatings, Printing inks, Rubbers & polymers, and Others (Agrochemicals, Pharmaceuticals, and Automotive)) and Geography -Global/Region/Country Forecast to 2027",

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Several advantages of Aliphatic Hydrocarbon Solvents & Thinners lead towards propelling the market growth:
Aliphatic hydrocarbon solvents & thinners work effectively as thin layered coating on the surface of the end product. This type of coating has several important properties to provide like hydrophobic, corrosive resistance and UV resistance. There is growing demand for aliphatic hydrocarbon solvents & thinners from different industries such as electronic militaries, automobile manufacturers, and healthcare, marine, electronic and others. Furthermore, huge demand from marine segments for aliphatic hydrocarbon solvents & thinners to defy the microbial growth and protect ships from damage serve as major factor to drive the market. Another market boosting factor is growing use of these solvents & thinners in the development of greenery constructions. There is increasing demand from electronic industries for aliphatic hydrocarbon solvents & thinners due to the growing technological advancement. Moreover, there are several growth opportunities are available for key players in emerging economies.

There are some key factors enhancing the market growth such as growing demand for these solvents and thinners due to their less harmful properties to the environment, growing manufacturing industries and increase the shelf life of the end products. Aliphatic hydrocarbon solvents & thinners provide huge protection for the products from different undesirable conditions like abrasion, rust and UV radiations, which serve as great market boosting factor. On the other hand, unstable prices of these solvents and thinners can hamper the market growth.

Impact of COVID-19 on Aliphatic Hydrocarbon Solvents & Thinners Market:
In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years

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Asia Pacific to dominate the Global Aliphatic Hydrocarbon Solvents & Thinners Market:
Asia Pacific witnessed huge market revenue share in the market recording significant CAGR. There are several factors that greatly affect the market growth in the region such as growing demand for eco-friendly products and presence of emerging countries in the region. North America witnessed considerable market revenue share. Key manufacturers following different strategies and strict rules for the protection of environment are the key factors responsible for the expansion of the market in North America.

Competition Assessment:
Key players operating in the Global Aliphatic Hydrocarbon solvents & Thinners Market include BASF SE (Germany, Calumet Specialty Products Partners, L.P. (US), ExxonMobil Chemical, Inc. (US), Gadiv Petrochemical Industries Ltd. (Israel), Ganga Rasayanie (P) Ltd (India), Gotham Industries (Canada), Gulf Chemicals and Industrial Oils Co. (Saudi Arabia), HCS Group (Germany), Honeywell International Inc. (US), Hunt Refining Company (US), LyondellBasell Industries Holdings B.V. (Netherlands), NOCO Energy Corporation (US), Recochem Inc. (Canada) and M. Barr (US).

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