(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Sep 01, 2021, 06:32 /Comserve / -- The global aliphatic hydrocarbon solvents & thinners market was valued at USD 4.12 billion in 2015 and is projected to reach USD 5.41 billion by 2026, at a CAGR of 2.5% from 2016 to 2026.
The global aliphatic hydrocarbon solvents & thinners market was valued at USD 4.12 billion in 2015 and is projected to reach USD 5.41 billion by 2026, at a CAGR of 2.5% from 2016 to 2026. Replacement of turpentine by mineral spirits, high growth in the paints & coatings industry, and growing penetration of aliphatic hydrocarbon solvents & thinners in the Asia-Pacific region are the factors projected to drive the growth of the market in the near future. The booming construction industry and the economies in the Middle East region are some of the untapped opportunities for the aliphatic hydrocarbon solvents & thinners industry.
The varnish makers & paints naphtha segment contributed the largest share in 2015 and is projected to be the largest segment in the aliphatic hydrocarbon solvents & thinners market, by type, from 2016 to 2026. The properties of varnish makers & painter's naptha make it a preferred solvent for various end-user industries, majorly the paints & coatings industry.
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"The Final Report will cover the impact analysis of COVID-19 on this industry: Aliphatic Hydrocarbon Solvents & Thinners Market Insights by Latest Trends, Future Scope of Key Players, CAGR Status, and SWOT Analysis Insights by Regions - Global Forecast to 2026
The paints & coatings segment is the fastest-growing application segment of the global aliphatic hydrocarbon solvents & thinners market. High demand of paints & coatings from industries such as automotive, building & construction, and others have boosted the demand of aliphatic hydrocarbon solvents & thinners due to their versatile properties.
Asia-Pacific and Middle East & Africa are estimated to be the fastest-growing regional aliphatic hydrocarbon solvents & thinners market during the forecast period of 2016 and 2026. Large infrastructure projects and growth of the paints & coatings industry in these regions are boosting the growth of the aliphatic hydrocarbon solvents & thinners market in these regions.
Fill This Form and get the Sample Copy of This Report:
"The Final Report will cover the impact analysis of COVID-19 on this industry: Aliphatic Hydrocarbon Solvents & Thinners Market Insights by Latest Trends, Future Scope of Key Players, CAGR Status, and SWOT Analysis Insights by Regions - Global Forecast to 2026
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 31 %, Tier 2 – 46%, Tier 3 – 23%
• By Designation: C level – 50%, Manager level – 30%, Others – 20%
By Region: Asia-Pacific – 38%, Europe – 26%, North America – 18%, Middle East & Africa- 12%, Latin America – 6%
Research Coverage:
The report defines, segments, and projects the global aliphatic hydrocarbon solvents & thinners market on the basis of type, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It also strategically profiles key players and comprehensively analyzes their market share and core competencies and tracks and analyzes competitive developments such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities in the market.
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 16
1.3 SCOPE OF THE STUDY 16
1.3.1 REGIONAL SCOPE 16
1.3.2 MARKETS COVERED 17
1.3.3 YEARS CONSIDERED IN THE REPORT 17
1.4 CURRENCY 18
1.5 STAKEHOLDERS 18
1.6 LIMITATIONS 18
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