Global Aliphatic Hydrocarbon Solvents Market Expected To Reach USD$ 3 Global Aliphatic Hydrocarbon Solvents Market Expec

Global Aliphatic Hydrocarbon Solvents Market Expected To
Reach USD$ 3.0 Billion By 2020
Date: 2016-07-27
The global aliphatic hydrocarbon solvents market is projected to reach USD$ 3.0 Billion by
2020, at a CAGR of 1.8% between 2015 and 2020. Replacement of turpentine by mineral
spirits, high growth in the paints and coatings and pharmaceutical industries and growing
penetration in the Asia-Pacific region are the factors driving the growth of the global
aliphatic hydrocarbon solvents market.
The market in developed regions is already matured and is witnessing sluggish growth
while the developing regions are expected to witness consistent growth in the hydrocarbon
solvents market.
The major factors that are driving the global aliphatic hydrocarbon solvents market are
increase in demand for aliphatic hydrocarbon solvents in Asia Pacific, replacement of
turpentine by mineral spirits, and high growth in paint and coating. As far as region is
concerned, in Asia Pacific the market is expected to grow at an impressive pace during
2015-2022 due to technological up gradations, rising income level and changing lifestyle
etc. Although there are many factors that are the key drivers of the market, still there are
certain challenges which the market has to overcome. Such challenges include high VOC
(Volatile organic compounds).The nature of all types of aliphatic hydrocarbon solvents are
similar to each other. The major difference lies in terms of boiling point and prices of the
product.
China and Korea are the major countries in this region consuming more than 80% of
demand for aliphatic hydrocarbon solvents in this region.

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