About the Report
The global aliphatic solvents market is poised to reach US$ 3 billion by 2031, expanding at a steady CAGR of 5% over the decade. Extensive deployment is expected across the paints & coatings industry, attributed to increasing number of residential and non-residential infrastructure projects around the world. Simultaneously, uptake across oil & gas exploration is not anticipated to wane, as a surging automotive industry in the wake of rapid urbanization is increasing demand for fossil-fuel-driven vehicles.
Demand is likely to emerge strong across the rubber manufacturing sector, amid growing emphasis on recycled manufacturing. The report tracks the global sales of aliphatic solvents in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the chemicals & materials domain in general, and aliphatic solvents demand in particular.
How Do Historical Trends Compare to Future Market Outlook?
Advancements in manufacturing technology across various domains has ushered in countless innovations with regards to streamlining the entire production process. A key beneficiary of such developments is the industrial solvents sector, which is seeing a rapid spike in low aromatic solvents manufacturing, providing major impetus to market growth.
While growth prospects dipped significantly amidst the pandemic crisis, spiking demand for consumer products such as aerosols have helped sustain demand across several key regions. Furthermore, as sustainability concerns mount, deploying aliphatic solvents will increase significantly, especially across key industries such as rubber and paints & coatings.
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Will High Uptake across Oil & Gas Exploration Broaden Growth Prospects?
Large-scale urbanization has necessitated extensive development of the public and private transportation sector, which has stimulated demand for fossil fuels. Hence, extensive oil & gas exploration projects have been initiated in the past few years, generating new growth avenues for the market.
Used as drilling fluids to provide hydrostatic pressure to prevent formation fluids from entering into the well bore, these solvents offer greater absorbing capacity, have low water solubility and are comparatively less toxic compared to aromatic ones. Hence, their uptake is increasing across oil & gas exploration projects.
How is Recyclable Rubber Manufacturing Opening up Growth Avenues for Manufacturers of Aliphatic Solvents?
Increasing sustainability concerns worldwide are prompting key rubber products manufacturers to switch to recyclable production material, thus generating demand for aliphatic solvents. Manufacturers are acquiring strong research base in reactive compression molding processes to bring about innovations in the production of recycled rubber.
Incorporation of material such as carbon fiber and polyvinyl chloride as well as agricultural waste are rapidly penetrating the rubber manufacturing industry. Hence, uptake of low aromatic solvents to aid in this production process is increasing, generating potential revenue streams in the forthcoming decade.
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Why are Aliphatic Solvent Manufacturers Increasingly Targeting the U.S.?
The United States is the world’s leading country in the production of chemical products, constituting 15% of its manufacturing sector. Furthermore, it is also amongst the leading hydrocarbon explorers of the world, thereby making it an attractive investment destination for prominent manufacturers.
Some major stakeholders in the U.S. aliphatic solvents market include ExxonMobil Chemicals, LyondellBasell, DuPont, Dow Chemical Company and PPG Industries to name a few. Growth is also likely to be strong in the residential paints & coatings sector amid increasing number of housing projects.
How is the U.K, Providing New Growth Avenues for Aliphatic Solvent Suppliers?
Manufacturers are tapping into business opportunities in the U.K. aerosol industry. As per the British Aerosol Manufacturers’ Association (BAMA), the U.K. aerosol industry emerged resilient, especially to the COVID-19 outbreak. Manufacturers are boosting output capacities to meet consumer demand for perfumes, dry shampoos, and other hair care products.
The steady demand for personal care products is creating stable revenue streams for companies in the aliphatic solvents market. Antiperspirants are one of the top selling products in the U.K. Hence, manufacturers are establishing robust distribution chains for medical and pharmaceutical aerosol industries.
How is China Cementing its Dominance in the Asia Pacific Market for Aliphatic Solvents?
Extensive infrastructure development- both public and private, combined with a robust chemical manufacturing industry are anticipated to act as chief growth levers for enhanced uptake across China. As of 2017, the Chinese chemical industry was valued at around US$ 1.5 trillion in sales.
Since the dawn of the previous decade, the East Asian giant has contributed half of the global chemicals industry growth, making it a highly lucrative destination. Application across the paints & coatings industry is likely to be maximum, with the increasing scale of infrastructure projects stimulating demand for the same.
Why are Aliphatic Solvents Effective in Paints & Coatings?
By application, aliphatic solvents are expected to find maximum usage in the manufacturing of paints and coatings industry. Growing preferences for odorless paints is majorly inclining adoption. Common solvents used include mineral spirits, hexanes and heptanes.
Increasing awareness by consumers of the detrimental effects of VOCs, coupled with stricter environmental regulations, are driving the demand for low and zero VOC paint and coatings. This is proving to be a welcome development for aliphatic solvents uptake.
An Adaptive Approach to Modern-day Research Needs
Notable developments with respect to prominent manufacturers are as follows:
- ExxonMobil Chemical offers the ExxsolTM dearomatized fluids, especially Exxsol D and Exxsol hexane respectively. Both grades offers extremely low aromatic content (< 1 wt%) to minimize risks from exposure, low odor levels and low non-volatile matter for best quality extraction
- Likewise, RB Products Inc., a prominent manufacturer of petrochemicals, specialty chemicals and oil-related products, offers the RB C12 Tetramer and RB C15 Synthetic Olefin aliphatic solvents for use in paints & coatings, cleaners & degreasers and drilling fluids among others
*This list is indicative- full details about key aliphatic solvents players is available upon request.
Historical Data Available for
US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Key Market Segments Covered
- Aliphatic Solvents for Paints & Coatings
- Aliphatic Solvents for Cleaning & Degreasing
- Aliphatic Solvents for Adhesives
- Aliphatic Solvents for Aerosols
- Aliphatic Solvents for Rubbers & Polymers
- Aliphatic Solvents for Printing Inks
- Aliphatic Solvents for Other Application Areas
- North America (U.S and Canada)
- Europe (Germany, U.K, France, Spain, Italy, CIS & Russia and Rest of Europe)
- Asia Pacific (China, Japan, India, ASEAN and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (GCC, South Africa and Rest of MEA)
Aliphatic Solvents Market- Scope of Report
A recent study by Fact.MR on the aliphatic solvents market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with offering aliphatic solvents.
The study also provides the dynamics responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report.
A list of prominent companies manufacturing aliphatic solvents, along with their product portfolios, enhances the reliability of this comprehensive research study.
The study offers comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales of aliphatic solvents across the globe.
A comprehensive estimate on the market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of aliphatic solvents during the forecast period. Price point comparison by region with global average price is also considered in the study.
Key Questions Answered in Report
- Which are the most lucrative aliphatic solvents markets?
- Which factors will impact the growth of the market?
- How will changing trends impact the strategies of market players?
- How can market players capture the low-hanging opportunities across regions?
- Which companies are leading the aliphatic solvents industry?
- What are the winning strategies of stakeholders in the market?
Analysis on Market Size Evaluation
The market has been analyzed for each segment in terms of volume (‘000 Units) and value (US$ Mn).
Market estimates at global and regional levels for aliphatic solvents are available in terms of “US$ Mn” for value and in “‘000 Units” for volume. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global aliphatic solvents market.
Inspected Assessment on Regional Segments
Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic, and business environment outlook), which are expected to have a momentous influence on the growth of the aliphatic solvents market during the forecast period.
Country-specific valuation on demand for aliphatic solvents market has been offered for each region, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value and volume for emerging countries has also been included in the report.
In-depth Analysis on Competitive Landscape
The report sheds light on leading manufacturers of aliphatic solvents market, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in manufacturing aliphatic solvents has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the aliphatic solvents market, and reach conclusions on the future growth parameters. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the research report as a primary resource.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.