DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pmlqnh/aliphatic) has announced the addition of the "Aliphatic Hydrocarbon Solvents and Thinners Market - Global Forecast to 2020" report to their offering.
The global aliphatic hydrocarbon solvents and thinners market is projected to reach USD 4.5 billion by 2020, at a CAGR of 1.4% 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 and thinners market.
The paints & coatings accounts for the largest share in the aliphatic hydrocarbon solvents and thinners market. Increasing number of automotive OEMs and growing machinery and appliances markets are driving the growth of this segment.
Also, there is a growing demand for aliphatic hydrocarbon solvents and thinners in the paints & coatings application segment as they evaporate swiftly, thus increasing efficiency of the coating process.
Asia-Pacific is the global leader in the consumption of aliphatic hydrocarbon solvents and thinners and is expected to dominate during the forecast period. China and Korea are the major countries in this region, consuming more than 80% of the demand for aliphatic hydrocarbon solvents and thinners in this region. Factors such as increase in total disposable income and rising number of vehicle production YoY are driving the growth of this market in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Aliphatic Hydrocarbon Solvents And Thinners Market, By Type
6 Aliphatic Hydrocarbon Solvents And Thinners Market, By Application
7 Aliphatic Hydrocarbon Solvents And Thinners Market, By Geography
8 Competitive Landscape
9 Company Profiles
- Ashland Inc.
- CPC Corporation
- Exxon Mobil Corporation
- Gotham Industries
- Gulf Chemicals And Industrial Oils Co.
- Hunt Refining Company
- Noco Energy Corporation
- Phillips 66
- Recochem Inc.
- Royal Dutch Shell Plc
W.M. Barr & Company, Inc.
For more information visit http://www.researchandmarkets.com/research/pmlqnh/aliphatic