(MENAFN- America News Hour) Research Nester published a report titled “Aliphatic Solvent Market : Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global aliphatic solvent market in terms of market segmentation by product, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The aliphatic solvent market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 – 2030. The market is segmented by product into paints, varnish, and others, out of which, the paint segment is anticipated to hold a noteworthy share over the forecast period. This can be attributed to the high demand for paints in the construction and automobile industries. The increasing sale of cars is expected to directly influence the segment growth. Based on application, the paint & coatings segment is expected to gain the largest market share during the forecast period, on the back of high application of aliphatic solvents as thinner in paints.
The aliphatic solvent market is estimated to grow on the back of increasing demand for paints in automotive and constructive industry. Moreover, aliphatic solvents, such as, thinner and mineral spirits do not cause irritation in eyes and skin, unlike other alternate paint additives, which is estimated to boost its demand over the forecast period. Additionally, increasing global population and high disposable income are also estimated to positively impact the market growth.
Request Sample For More Information@
On the basis of geographical analysis, the global aliphatic solvent market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in the North America region is estimated to provide major growth opportunities for the major on the back of growing sales of paint for the automobile industry, along with rising sales of automobiles in the region. The sale of passengers' car crossed 3.2 million units in 2020 in the United States. The market in the Asia Pacific is estimated to witness highest CAGR over the forecast period owing to the increasing construction activities, along with growing population and high disposable income.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Demand for Paints Amongst End-User Industries to Boost the Market Growth
Aliphatic solvents are used as additives to decrease the density of paints, which is the primary application of these solvents. Construction and automotive industries are the major users for paints, therefore, the growth in these industries is expected to boost the demand for aliphatic solvents, which is estimated to drive the market growth.
However, long term exposure to aliphatic solvents can cause side-effects, which is expected to operate as key restraint to the growth of the global aliphatic solvent market over the forecast period.
Grab PDF Sample For More Information@
This report also provides the existing competitive scenario of some of the key players of the global aliphatic solvent market which includes company profiling of ExxonMobil Chemical, Inc., Gulf Chemicals and Industrial Oils Co., Royal Dutch Shell Plc., SK Global Chemical Co., Ltd., LyondellBasell Industries Holdings B.V., Calumet Specialty Products Partners, L.P., DuPont de Nemours, Inc., The Dow Chemical Company, PPG Industries, Inc., and Industries Gotham Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aliphatic solvent market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
About Us
Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
Contact for more Info:
AJ Daniel
Email:
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 5919
Research Nester
Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.
MENAFN29072021004545010068ID1102535096
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.