Infinium Global Research has added a new report on Aromatic and Aliphatic Solvents Market. The report predicts the market size of Aromatic and Aliphatic Solvents is expected to reach xx billion by 2023.
The report covers the analysis of global as well as regional markets of Aromatic and Aliphatic Solvents. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run.
The aromatic solvents market size was more than USD 5.40 billion in 2015. The global aromatic and aliphatic solvents market is projected to reach USD X.xx billion by 2023, growing with a CAGR of 2.5% to 3.5 %from 2017 to 2023. The demand in the industries such as automotive and construction sector are expected to drive the growth in the aromatic and aliphatic solvents market, as the solvents are utilized for removing grease and oil. Increasing demand from industries such as adhesives, sealants, paint and coatings for aliphatic solvents, due to its intense chemical and properties is expected to drive the growth of the market. Among aromatic solvents, solvent naphtha and xylene are generating huge demand from various end user industries and it is expected to drive the growth of the market. The increasing demand for agrochemicals and cosmetics are expected to enhance the growth of market. Varnish and naphtha end user segments are expected to grow at a faster pace among aliphatic solvents during the forecast period. Mineral spirits replacing turpentine as thinner in the paint industry is expected to provide growth opportunities for the marketThe availability of environmental friendly alternatives for aromatic and aliphatic solvents poses a major challenge to the growth of the market, due to increasing government regulations in various countries. However, the acceptance of bio-based aromatic and aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals, provides a positive outlook for aromatic and aliphatic solvents during the forecast period.
- Ashland Inc
- BASF SE
- Celanese Corporation
- Eastman Chemical Company
- Exxonmobil Corporation
- Honeywell International Inc
- Huntsman Corp
- Ineos AG
- Royal Dutch Shell
- Sasol Ltd
Key Topics Covered:
- Executive Summary
- Global Aromatic and Aliphatic Solvents Market Overview
- Global Aromatic and Aliphatic Solvents Market Analysis, by source (USD Million, KT) 2014 – 2023
- Global Aromatic and Aliphatic Solvents Market, by application (USD Million, KT) 2014 – 2023
- Global Aromatic and Aliphatic Solvents Market by type (USD Million, KT) 2014 – 2023
- Global Aromatic and Aliphatic Solvents Market Analysis, by Region (USD Million, KT) 2014 – 2023
- Company Profiles