Press release
Aliphatic Solvents Market to Observe Strong Development by 2030
๐๐ฅ๐ข๐ฉ๐ก๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ง๐ญ๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐งIn terms of value, the global aliphatic solvents market is anticipated to expand at a CAGR of 5.2% from 2020 to 2030 and reach US$ 3.34 Bn by 2030. Asia Pacific dominated the global aliphatic solvents market in terms of volume in 2019. It is estimated to lead the global aliphatic solvents market during the forecast period. The paints & coatings application segment is projected to offer lucrative opportunities to the global aliphatic solvents market in the near future.
๐๐๐๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ -https://www.transparencymarketresearch.com/aliphatic-solvents-market.html
The aliphatic solvents market in North America is anticipated to expand at a rapid pace during the forecast period. The aliphatic solvents market in Europe is projected to expand at a healthy CAGR during the forecast period. According to Oxford Economics, the global construction industry output is likely to increase by 85% to reach value of US$ 15.5 Trn by 2030, with three major countries - China, the U.S., and India - accounting for 57% of the global market. This is expected to boost the demand for aliphatic solvents that are utilized in paints & coatings in the building & construction sector during the forecast period. In turn, this is likely to propel the global aliphatic solvents market in the near future.
๐๐ฅ๐ข๐ฉ๐ก๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฃ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
Aliphatic solvents play a significant role in paints and coatings in the desired consistency and help avoid globs or clums. Aliphatic solvents play a vital role in coating formulations even if they are not present in the final stage due to evaporation and control viscosity for the application. Industrial coatings made with aliphatic solvents dry up to 10 times faster than low-solvent alternatives at room temperature, making painting fast and easy along with other benefits such as long-lasting protection and strong performance in extreme weather conditions.
๐๐๐ญ ๐๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ซ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=81123
Aliphatic solvents are a powerful group of solvents possessing outstanding properties such as slow evaporation that helps provide several smooth, flawless applications of paints for an attractive, more durable finish. Paints and coatings are widely used in construction, automotive & transportation, and wood industries. They are primarily employed to protect structures from any external damage in the building & construction industry. Paints and coatings are employed in various applications in decorating residential and non-residential infrastructure & buildings, industrial equipment, automobiles & marine, and industrial wood.
There has been a significant growth in real estate activities across the globe, along with rapid industrialization in the Middle East. Countries such as Saudi Arabia and the UAE aim to reduce their dependence on the oil industry for economic growth and focus on other industries. Thus, the construction industry has witnessed major growth in the Middle East. The construction industry requires paints & coatings, cleaning & degreasing agents, and adhesives. This is driving the demand for aliphatic solvents.
๐๐ฅ๐ข๐ฉ๐ก๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
Based on application, the paints & coatings segment held notable share of the global aliphatic solvents market in 2019. This trend is estimated to continue during the forecast period. The rubbers & polymers segment of the global aliphatic solvents market is anticipated to expand at a healthy CAGR during the forecast period, owing to the increase in demand for rubber in the tire industry. Hydrocarbon waxes act as ozone resistance additives in rubber, thereby increasing the durability of rubber.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=81123
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐ ๐จ๐ ๐๐ฅ๐ข๐ฉ๐ก๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ
Key manufacturers operating in the global aliphatic solvents market include Exxon Mobil Corp., Total S.A., Royal Dutch Shell Plc, RB PRODUCTS, INC., Ganga Rasayanie Private Limited, Pon Pure Chemicals Group, Carolina International Sales Company Inc., Gadiv Petrochemical Industries Ltd., HCS Group GmbH, Recochem Inc., and Gulf Chemical & Industrial Oils.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐ข๐ฉ๐ก๐๐ญ๐ข๐ ๐๐จ๐ฅ๐ฏ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Aliphatic Solvents Market, by Application
โข Paints & Coatings
โข Cleaning & Degreasing
โข Adhesives
โข Aerosols
โข Rubbers & Polymers
โข Printing Inks
โข Others (including Oil & Gas)
Aliphatic Solvents Market, by Region
โข North America
o U.S.
o Canada
โข Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
๐๐๐ค๐ ๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ -https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=81123
Latin America
o Brazil
o Mexico
o Rest of Latin America
โข Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa
โข Asia Pacific
o China
o India
o Japan
o ASEAN
o Rest of Asia Pacific
๐๐๐ญ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
Bitumen Market -https://www.accesswire.com/716840/Bitumen-Market-to-Reach-US-1453-Bn-by-2031-TMR-Study
Monochloroacetic Acid Market - https://www.prnewswire.com/news-releases/monochloroacetic-acid-market-to-rise-at-cagr-of-3-9-over-forecast-period-of-2022-2031-tmr-study-301630597.html
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
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๐จ๐ซ ๐๐ง ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐๐ฅ๐ข๐๐ค ๐ญ๐ก๐ ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/69637/
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