Aromatic and Aliphatic Solvents Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of aromatic and aliphatic solvents market by source (bio-based), type (aromatic solvents), application (adhesives, paints and coatings, pharmaceuticals, personal care, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the aromatic and aliphatic solvents market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global aromatic and aliphatic solvents market are BASF SE, Chevron Phillips Chemical, Eastman Chemical Company, Exxon Mobil Corporation, Honeywell International Inc., INEOS AG, LyondellBasell Industries, N.V. Royal Dutch Shell plc, Royal Dutch Shell plc, and Other Companies. The global aromatic and aliphatic solvents market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
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Industries Such as the Automotive and Construction Sector are Expected to Drive the Growth in the Aromatic and Aliphatic Solvents Market
The demand in the industries such as the 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 are expected to drive the growth of the market. The increasing demand for agrochemicals and cosmetics are anticipated to enhance the growth of the market.
The health hazards related to solvents such as benzene due to their toxic nature and the stringent government regulations for organic chemicals are expected to be the restraining factors in the aromatic and aliphatic solvents market. Moreover, the acceptance of bio-based aromatic and aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals provide a positive outlook for aromatic and aliphatic solvents during the forecast period.
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Asia Pacific Dominates the Global Aromatic and Aliphatic Solvents Market
Among the regions, Asia Pacific dominates the global aromatic and aliphatic solvents market. Asia-Pacific region has a major share in the global aromatic solvents market, due to the high volume of consumption, especially in China and Korea. Growth in the automotive and construction industries is expected to drive the growth of the market in the region. In the Asia-Pacific region, the increased market penetration of aliphatic solvents is anticipated to drive the growth of the market, with more potential left to tap in the middle-eastern countries, which are having a construction boom.
The U.S. is expected to drive North-American aromatic and aliphatic solvents market to a moderate growth due to the increasing demand from pharmaceuticals, conventional oil & gas, and shale gas industries. Germany drives the growth of the European market, which is otherwise a matured market. In Latin America, the demand for aromatic solvents from countries such as Argentina, Brazil, and Venezuela are expected to drive the market to steady growth.
Aromatic and Aliphatic Solvents Market: Segmentation
The report on global aromatic and aliphatic solvents market covers segments such as source, type, and application. On the basis of source, the sub-markets include bio-based and conventional sources. On the basis of type, the sub-markets include aliphatic solvents and aromatic solvents. On the basis of application, the sub-markets include adhesives, paints and coatings, pharmaceuticals, personal care, and other applications.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the aromatic and aliphatic solvents.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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