Hydrocarbon Solvents Market Growth to 2021 Driven by Aliphatic and Paints & Coating Industry

Jul 08, 2016, 08:30 ET from ReportsnReports

PUNE, India, July 8, 2016 /PRNewswire/ --

According to newly published report "Global Hydrocarbon Solvents Market (By Source, By Type, By Application): Opportunities and Forecasts (2016-2021) ", the hydrocarbon solvents market is forecast to grow at a CAGR of 2.23% during 2016 - 2021F, on account of rising demand for construction and automotive industry where hydrocarbon solvents are used in cleaning of grease and oil mainly used in these industries. 

Complete report on Hydrocarbon Solvents Market spread across 175 pages, analysing 10 companies and provides 3 table and 105 figures is now available at http://www.reportsnreports.com/reports/613556-global-hydrocarbon-solvents-market-by-source-by-type-by-application-opportunities-and-forecasts-2016-2021-by-source-conventional-bio-green-based-by-type-aliphatic-varnish-paints-mineral-spirits-paraffinic-solvents-solvent-140-aromatic-benzene-toluene-xylene-ethyl-benzene-by-application-paints-coatings-pharmaceuticals-adhesives-printing-inks-personal-care-metal-cleaning-rubber-polymer-agricultural-chemicals-.html.

Strict regulations in the form of limiting the use of volatile organic compounds in hydrocarbon solvents has been implemented majorly in developed regions, because of which demand for green based hydrocarbon solvents have been on the rise, while conventional solvents highly dominate the developing regions, such as APAC and Latin America. 

Asia Pacific is the highest growing market for hydrocarbon solvents with China & Korea being major market, North America is having moderate growth with U.S. providing momentum while Europe is having sluggish growth with Germany being the major market. Usage of Hydrocarbon & Oxygenated solvents, Boost in the Asia Pacific Market, launch of innovative new products and solutions and Boost in the Demand For Construction Chemicals is driving the market.

The demand for conventional hydrocarbon solvents is changing particularly (i.e. declining) in Europe and North America, where various environmental regulations and acts are stringent thereby allowing bio-green based hydrocarbon solvents to be implemented. Aliphatic Hydrocarbon Solvents has a major dominance in the market and is expected to steadily rise while Aromatic is expected to decline gradually. Paintings and Coatings form the largest application market of Hydrocarbon Solvents followed by pharmaceuticals, adhesives and printing inks respectively.   

Increasing concerns over the toxicity of volatile organic compounds (VOCs), stringent government regulations, growing demand for eco-friendly products along with stiff competition within the Industry are the major challenges the Industry has to face when dealing with the Hydrocarbon Solvents.

Company Profiled in the report are: Exxonmobil Corporation, Celanese Corporation, Ashland Inc., Huntsman Corp., Ineos Ag, Royal Dutch Shell, BASF SE, Honeywell International Inc., Eastman Chemical Company and Sasol Ltd.

Order a Copy of Report at http://www.reportsnreports.com/purchase.aspx?name=613556.

 The report Global Hydrocarbon Solvents Market (By Source, By Type, By Application): Opportunities and Forecasts (2016-2021) - (By Source - Conventional, Bio-Green Based; By Type: Aliphatic - Varnish & Paints, Mineral Spirits, Paraffinic Solvents, Solvent 140; Aromatic - Benzene, Toluene, Xylene, Ethyl benzene;  By Application - Paints & Coatings, Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Metal Cleaning, Rubber & Polymer, Agricultural Chemicals) has analysed the potential of Global Hydrocarbon Solvents Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global hydrocarbon solvents market. Additionally, the report also highlights market entry strategies for various companies across the globe. The report provides coverage by Region (North America, Europe, Asia Pacific, RoW) and by Country (United States, Germany, China, South Korea).

Explore other new reports on chemicals market at http://www.reportsnreports.com/market-research/chemicals/.

On a related note, the Halogenated Hydrocarbon Derivatives World Report Gives Market Consumption / Products / Services For Over 200 Countries By 6 To 10-Digit Naics Product Codes By 3 Time Series: From 1997- 2015 And Forecasts 2016- 2023 & 2023-2028. This Is A Multi-Client Report On Halogenated Hydrocarbon Derivatives and Clients Can Select and customize The Data They Receive. There Are A Large Number of Optional Datasets Available To Clients. Read more at http://www.reportsnreports.com/reports/375915-halogenated-hydrocarbon-derivatives-world-report.html .

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