Aliphatic Solvents and Thinners Market Growth, Striking Revenue Forecast by 2029
Posted on Apr 26 2022 7:05 AM
"Companies covered in the aliphatic solvents and thinners market are ExxonMobil Chemical, Inc. Royal Dutch Shell Plc, Gotham Industries, Recochem Inc. W.M. Barr, NOCO Energy Corporation, SK Global Chemical Co., Ltd. BASF SE, Ganga Rasayanie and more players profiled. "
The increasing demand from the paints and coatings industry is expected to bolster the healthy growth of the market, states Fortune Business Insights, in a report, The surging demand for refrigerants and can foster the growth of the market during the forecast period.
We are making endless efforts to uplift businesses in this crucial need of the hour. Our expertise and experience can offer enormous benefits to help regain during this global pandemic.
Get Sample PDF Brochure:-
The report on the aliphatic solvents and thinners market includes:
- Greater insights into the market
- Well-analyzed data with facts and figures
- Key growth exhibitors
- Factors restricting market
- Latest market trends
- Market drivers
Acquisition of Dow Chemical by SK Global Chemicals to Foster Growth
The increasing acquisitions and partnerships among key players can have an outstanding impact on the market. For instance, in September 2017, SK Global Chemicals announced it has completed Dow Chemical's acquisition. Through this, SK Global has received the rights of production facilities at Freeport, Texas, and Tarragona manufacturing facilities in the EAA business. Aliphatic solvents and thinners are aliphatic hydrocarbons that are used as solvents. These solvents are generally derived from petroleum and crude oil. The growing demand for refrigerants, propellants, , cleaning agents, chemical intermediates, and others from end-use sectors can significantly impact the market. The aliphatic solvents are majorly used as thinners in paints and coatings. The use of solvents for making soaps and other cleaning and degrading agents is expected to spur demand in the foreseeable future. These solvents make the paints durable and enhance their performance. The increasing demand paints and coatings industry is expected to enable speedy expansion of the market in the forthcoming years. However, aliphatic solvents produce poisonous gases, which, in turn, can dampen the growth of the market.
Presence of Key Manufacturers to Enable Growth in Asia Pacific
Asia Pacific is expected to dominate the market due to the heavy demand from the paints& coatings industry. The presence of key manufacturers can create opportunities for the market during the forecast period. North America is expected to exhibit significant growth due to the increasing demand from various industries. Europe is expected to rise exponentially during the forecast period due to European countries' demand for varnishes and solvents. Besides, the rapid industrialization in Europe is expected to aid expansion for aliphatic solvents from various end-use industries. Latin America, Middle East, and Africa are expected to exhibit considerable growth during the forecast period due to the regions' developing industries.
December 2019: BASF announced the construction of a new facility to produce automotive refinish coatings and chemicals.
The Report Lists the Key Companies in the Global Aliphatic Solvents and Thinners Market:
- ExxonMobil Chemical, Inc.
- Royal Dutch Shell Plc
- Gotham Industries
- Recochem Inc.
- M. Barr
- NOCO Energy Corporation
- SK Global Chemical Co., Ltd.
- BASF SE
- Ganga Rasayanie
Inquire Before Buying This Report:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Company Press Release
- Asia Pacific Mv And Hv Underground Cables And Accessories Market 2019 Size And Share That Value Expected To Reach Usd 4.40 Billion | Growing At Cagr Of Striking In | Forecast To 2027
- Water Clarifiers Market 2018 Size And Share That Value Expected To Reach Usd 5.62 Billion | Growing At Cagr Of Striking In | Forecast To 2026
- Turbocompressor Market 2020 Size And Share That Value Expected To Reach Usd 4.92 Billion | Growing At Cagr Of Striking In | Forecast To 2028
- Bio Chp Market 2020 Size And Share That Value Expected To Reach Usd 2.44 Billion | Growing At Cagr Of Striking In | Forecast To 2028
- Hvac Variable Frequency Drive Market 2019 Size And Share That Value Expected To Reach Usd 3.16 Billion | Growing At Cagr Of Striking In | Forecast To 2027