Aliphatic Hydrocarbon Solvents and Thinners Market - Projected to Reach USD 4.5 Billion by 2020

Jan 08, 2016, 06:15 ET from Research and Markets

DUBLIN, January 8, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/5nmb7h/aliphatic) has announced the addition of the "Aliphatic Hydrocarbon Solvents and Thinners Market - Global Forecast to 2020" report to their offering. 

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The global aliphatic hydrocarbon solvents and thinners market was valued at USD 4.2 Billion in 2014, and is projected to reach USD 4.5 Billion by 2020, at a CAGR of 1.4% between 2015 and 2020. The market is projected grow due to the booming construction industry which has boosted the demand of the aliphatic hydrocarbon solvents and thinners resulting in the moderate growth of the market. 

Paints and Coatings, pharmaceuticals and adhesives contribute the largest share to the global aliphatic hydrocarbon solvents and thinners market wherein the paints and coatings is the fastest growing application segment this is due to continuously increasing demand for construction chemicals, which has led to increase in the usage of paints & coatings. This, in turn has led to the increased demand for aliphatic hydrocarbon solvents and thinners, globally. 

Though Varnish makers & paints have the largest market share but mineral spirits is the fastest growing type due to its effective solvent properties and cleaning capabilities which makes it a preferred solvent for paints, wood preservatives, varnishes, asphalt products etc. 

Globally, China dominates the aliphatic hydrocarbon solvents and thinners market. The absence of stringent regulations in the Asia-Pacific region has led to the extensive usage of aliphatic hydrocarbons solvents and thinners, the use of which is restricted in Europe and North America. 

The nature of all the types of aliphatic hydrocarbon solvents and thinners are similar to each other. The major difference lies in terms of boiling point and prices of the product. High VOC emissions have also resulted in a stagnant growth for these solvents, globally. 

Key Topics Covered: 

1 Introduction 

2 Research Methodology

3 Executive Summary 

4 Market Overview 

5 Aliphatic Hydrocarbon Solvents And Thinners Market, By Type 

6 Aliphatic Hydrocarbon Solvents And Thinners Market, By Application 

7 Aliphatic Hydrocarbon Solvents And Thinners Market, By Geography 

8 Competitive Landscape 

9 Company Profiles 

  • Ashland Inc.
  • CPC Corporation
  • Exxon Mobil Corporation
  • Gotham Industries
  • Gulf Chemicals And Industrial Oils Co.
  • Hunt Refining Company
  • Noco Energy Corporation
  • Phillips 66
  • Recochem Inc.
  • Royal Dutch Shell Plc
  • W.M. Barr & Company, Inc.

For more information visit http://www.researchandmarkets.com/research/5nmb7h/aliphatic

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SOURCE Research and Markets