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Global Aliphatic Hydrocarbon Solvents & Thinners Market Industry New Revenue Pockets


(EnergyIndustry.Net, October 14, 2021 ) The aliphatic hydrocarbon solvents & thinners market is estimated to grow from USD 3.4 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. Increased demand for paints & coatings, which require aliphatic hydrocarbon solvents & thinners, from various end-use industries, such as decorative paints, automotive, industrial, and protective paints & coatings is one of the key factors driving the growth of the aliphatic hydrocarbon solvents & thinners market across the globe.

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Based on type, the aliphatic hydrocarbon solvents & thinners market has been segmented into varnish makers’ & painters’ naphtha, mineral spirits, hexane, heptane, and others. The varnish makers’ & painters’ naphtha segment is projected to grow at the highest CAGR from 2020 to 2025 in terms of both, value and volume. Varnish makers’ & painters’ naphtha or Naphtha is a type of hydrocarbon which is produced through the distillation of aliphatic hydrocarbons. Various properties, such as high volatility, faster drying time, and pleasant sweet smell makes varnish makers’ & painters’ naphtha widely applicable across several segments. These are used in paints & coatings, and cleaning & degreasing applications. They are also employed for most solvent-based finishes as well as for cleaning.

Based on application, the aliphatic hydrocarbon solvents & thinners market has been segmented into paints & coatings, cleaning & degreasing, adhesives, aerosols, rubbers & polymers, printing inks, and others. The paints & coatings segment is projected to lead the market in terms of both, value and volume during the forecast period. Aliphatic hydrocarbons, such as mineral spirits are used for oil-based and alkyd paints, primers, and varnishes. All types of paint thinners are majorly mineral spirits. Varnish makers’ & painters’ naphtha is used by professional painters as a paint thinner. The largest demand for solvents is from the paints & coatings industry, because the mix of solvents used in this industry are continually changing, and these satisfy increasing demands for enhanced performance.

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Asia Pacific, Middle East & Africa, and North America are significant regional markets for aliphatic hydrocarbon solvents & thinners. The increasing demand for varnish makers’ & painters’ naphtha or naphtha from the paints & coatings end-use industry, among others has led to the growth of the aliphatic hydrocarbon solvents & thinners market across the globe. China & India have high demand for paints & coatings applications due to high investments in infrastructure till 2025.

Various leading manufacturers of aliphatic hydrocarbon solvents & thinners have adopted the acquisitions, expansions, partnerships, and new product developments strategies to cater to the increased demand for aliphatic hydrocarbon solvents & thinners from various end-use industries.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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