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Aromatic and Aliphatic Solvents Market

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Title: Aromatic and Aliphatic Solvents Market


1
Aromatic and Aliphatic Solvents Market Global
Industry Analysis, Trends, Market Size
Forecasts to 2023
2
Infinium Global Research has added a new report
on Global Aromatic and Aliphatic Solvents Market.
The report predicts the market size of Aromatic
and Aliphatic Solvents is expected to reach XX
billion by 2023. Aromatic and aliphatic solvents
are hydrocarbon solvents. Aromatic solvents have
a ring structure similar to benzene and they are
manufactured by distilling coal tar or petroleum.
The processes such as catalytic hydrogenation
alkylation and catalytic reforming steam
cracking are also utilized for the production of
aromatic solvents. Benzene, diethyl benzene,
phenol, toluene, and xylene are some of the major
aromatic solvents. Aromatic solvents find
application in industries such as adhesives,
cleaners, oilfield chemicals, paints,
pharmaceuticals, printing inks, textiles, and
varnish. Aromatic solvents also find application
as chemical intermediates, corrosion inhibitors,
degreasers, diluents, and extractors. Aromatic
solvents have very high solvency rates and it
helps in formation of homogenous solutions. It
finds application as an agent for speeding up the
drying process of lacquer based paints. Toluene
has the major share of demand among the aromatic
solvents. Aliphatic solvents possess a
straight-chain structure of paraffinic
compounds. Heptane, hexane, gasoline, kerosene,
lacquer diluents, mineral spirits, and naphtha
are some of the major aliphatic solvents.
Aliphatic solvents find applications as
herbicides, fungicides, insecticides and some
others. Aliphatic solvents are comparatively less
harmful than aromatic solvents. Market
Insights The aromatic solvents market size was
more than USD 5.40 billion in 2015. The global
aromatic and aliphatic solvents market is
projected to reach USD X.xx billion by 2023,
growing with a CAGR of 2.5 to 3.5 from 2017 to
2023. The demand in the industries such as
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 is expected to drive the growth of the
market. Among aromatic solvents, solvent naphtha
and xylene are generating huge demand from
various end user industries and it is expected to
drive the growth of the market. The increasing
demand for agrochemicals and cosmetics are
expected to enhance the growth of market.
Varnish and naphtha end user segments are
expected to grow at a faster pace among aliphatic
solvents during the forecast period. Mineral
spirits replacing turpentine as thinner in the
paint industry is expected to provide growth
opportunities for 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. The availability of
environmental friendly alternatives for aromatic
and aliphatic solvents poses a major challenge
to the growth of the market, due to increasing
government regulations in various countries.
However, the acceptance of bio-based aromatic and
aliphatic solvents in matured economies, where
there are stringent government regulations
regarding chemicals, provides a positive outlook
for aromatic and aliphatic solvents during the
forecast period.
3
Get a Sample Report _at_ https//www.infiniumglobalre
search.com/Reports/MakeSampleRequest/40 Segments
Covered The report segments the global aromatic
and aliphatic Solvents Market by source,
application, type, and region. Sources include
bio-based source and conventional source. Based
on application, the market is segmented as
adhesives, agricultural chemicals, metal
cleaning, paints coatings, pharmaceuticals,
personal care, printing inks and rubber
polymer. Based on type, aromatic solvents are
segmented as mineral spirits, paraffinic
solvents, varnish paints and some others while
aliphatic solvents are segmented as benzene,
ethyl benzene, toluene, xylene, and some
others. Company Profiles BASF SE Celanese
Corporation Chevron Phillips Chemical Company
Eastman Chemical Company Exxonmobil
Corporation Honeywell International Inc. Ineos
AG LyondellBasell Industries N.V. Royal Dutch
Shell Sasol Ltd. Make an Enquiry _at_
https//www.infiniumglobalresearch.com/Reports/Mak
eEnquiryRequest/40
4
  • Key topics covered
  • Preface
  • Executive Summary
  • Global Aromatic and Aliphatic Solvents Market
    Overview
  • Global Aromatic and Aliphatic Solvents Market
    IGR Snapshots
  • Global Aromatic and Aliphatic Solvents market by
    Source (USD Million, KT) 2017 2023
  • Global Aromatic and Aliphatic Solvents market by
    Application (USD Million, KT) 2017 2023
  • Global Aromatic and Aliphatic Solvents market by
    Type (USD Million, KT) 2017 2023
  • Global Aromatic and Aliphatic Solvents Market
    Analysis, by Region (USD Million, KT) 2017 2023
  • Company Profiles
  • Click to View Complete Report _at_
    https//www.infiniumglobalresearch.com/chemical_ma
    terial/aromatic_and_aliphatic_solvents_market
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