Aliphatic Solvents Segmentation
Application (Paints & Coatings, Adhesives, Rubbers & Polymers, Oil & Gas, Aerosol, Cleaning & Degreasing)
Based on application, paint & coatings segment in the aliphatic solvents market is anticipated to hold 30% of the revenue share by 2037. In the paint and coatings industry, aliphatic solvents are frequently employed as diluents & solvents for resins, binders, and pigments. The rise of the construction industry, the need for high-performance coatings, and the trend toward low-VOC coatings are driving the need for aliphatic solvents in the paint & coatings sector. Cleaning and degreasing are two other significant uses for aliphatic solvents, especially in the industrial and automotive sectors. The growing demand for aliphatic solvents as thinners and diluents in paints and coatings is a result of the expanding building and construction sector. Processors employ these solvents as cleaning and degreasing chemicals in addition to construction adhesives, paints, and coatings that are specifically designed for the construction sector. According to estimates, between 27,000 and 50,000 new homes will be produced in the UK year starting in 2018, expanding the aliphatic solvents market potential.
Type (Varnishes, Hexane, Heptane, Mineral Spirit, Gasoline)
Based on type, mineral sprits segment in the aliphatic solvents market is predicted to hold largest revenue share of about 25% during the forecast period. With the greatest market share, mineral spirits are the most often used aliphatic solvents. Mineral spirits are multipurpose solvents that are frequently used in ink, paints and coatings, and cleaning products. Although their market shares are smaller than that of mineral spirits, other aliphatic hydrocarbon solvents and thinners, such as painter's naphtha, varnish makers' naphtha, hexane, and heptane, also hold sizable market shares.
Our in-depth analysis of the global market includes the following segments:
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