Global
Aliphatic Hydrocarbon Thinner Market
is expected to grow at a significant CAGR in the upcoming years as the scope
and its applications are increasing across the globe. An aliphatic compound is
a hydrocarbon compound comprising carbon and hydrogen linked together in
straight chains, branched trains or non-aromatic rings. Aliphatic compounds may
be saturated or unsaturated.
The factors
that propel the growth of the Aliphatic Hydrocarbon Thinner Industry include
increasing demand, rapid urbanization & industrialization, and product
development & technological innovations. In addition, factors such as
rising demand for paints and coatings coupled with growth in construction
industry especially in the emerging economies fuels the market growth.

On the other hand, there are
also factors that may hamper the growth of the market such as toxic nature of
aliphatic hydrocarbon. Growing awareness regarding green and bio-based solvents
can pose a threat to the market growth. Aliphatic Hydrocarbon Thinner Market is
classified on the basis of product type, applications, distribution channel and
geography. Aliphatic Hydrocarbon Thinner
Market is segmented by product type as gasoline solvent, kerosene, and others.
The industry is classified on applications as industrial, agriculture, and
others. This market is segmented by distribution channel as online stores,
specialty stores and others.
Aliphatic Hydrocarbon Thinner
Market is classified on the basis of geography as North America, Latin America,
Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America
region consists of Mexico and Brazil. The Western European region consists of
Germany, Italy, France, England and Spain. The Eastern European region consists
of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa.
In case of geographical
region, Asia Pacific is projected to hold a major share in the market. The key
factors that attribute to the growth of this region include ever increasing
population, industrialization and rise in construction activities. Some of the
key players that fuel the growth of the Aliphatic Hydrocarbon Thinner Industry
include Ashland, CPC Corporation, Exxon Mobil, Gulf Chemicals and Industrial
Oils, Gotham Industries, Hunt Refining, Noco Energy, Shell, Recochem, W.M.
Barr, and others. The key players are focusing on inorganic growth to sustain
themselves amidst fierce competition. As such, mergers, acquisitions, and joint
ventures are the need of the hour.
Comments
Post a Comment