Global Hydrocarbon Solvents Market: Industry Size, Share, Growth, Forecasts
Latest
industry research report on: Global Hydrocarbon Solvents Market |
Industry Size, Share, Research, Reviews, Analysis, Strategies,
Demand, Growth, Segmentation, Parameters, Forecasts
Rising demand in the
construction and automotive industry combined with the growing
environmental concerns towards greener options is driving the demand
for hydrocarbon
solvents
globally
Asia Pacific is the highest
growing market for hydrocarbon solvents with China & Korea being
major market, North America is having moderate growth with U.S.
providing momentum while Europe is having sluggish growth with
Germany being the major market. Usage of Hydrocarbon & Oxygenated
solvents, Boost in the Asia Pacific Market, launch of innovative new
products and solutions and Boost in the Demand For Construction
Chemicals is driving the market.
Growing
infrastructural spending in developing regions, increasing demand for
paints & coatings, increasing environmental concerns along with
increasing legislations in the industry are some of the factors that
drive the hydrocarbon solvents market.
Increasing
concerns over the toxicity of volatile organic compounds (VOCs),
stringent government regulations, growing demand for eco-friendly
products along with stiff competition within the Industry are the
major challenges the Industry has to face when dealing with the
Hydrocarbon Solvents.
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Global Hydrocarbon Solvents Market is forecasted to grow at a CAGR of
2.23% during 2016 2021, driven by rising demand in the major end user
industries mainly construction and automotive industry. 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.
According to Azoth Analytics research report, Global Hydrocarbon
Solvents Market (By Source, By Type, By Application): Opportunities
and Forecasts (2016-2021) - (By Source Conventional, Bio-Green Based;
By Type: Aliphatic - Varnish & Paints, Mineral Spirits,
Paraffinic Solvents, Solvent 140; Aromatic Benzene, Toluene, Xylene,
Ethyl benzene; By Application Paints & Coatings, Pharmaceuticals,
Adhesives, Printing Inks, Personal Care, Metal Cleaning, Rubber &
Polymer, Agricultural Chemicals), Global Hydrocarbon Solvents Market
is projected to exhibit a CAGR of over ~2.23% during 2016 - 2021. Few
of the leading companies operating in hydrocarbon solvents market are
Exxon mobil Corp., Celanese Corp., Huntsman Corp., Royal Dutch Shell,
INEOS AG.
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Scope of the Report
The report provides coverage By
Source, By Type and By Application:
By Hydrocarbon Solvent
Source
Conventional Source
Bio-Green Based Source
By Hydrocarbon Solvent Type
Aliphatic Type
-Varnish & Paints, Mineral
Spirits, Paraffinic Solvents, Solvent 140, Others
Aromatic Type
-Benzene, Toluene, Xylene,
Ethyl benzene, Others
By Hydrocarbon Solvent
Application
-Paints & Coatings,
Pharmaceuticals, Adhesives, Printing Inks, Personal Care, Metal
Cleaning,
Rubber & Polymer,
Agricultural Chemicals
The report provides coverage
by Region
- North America
- Europe
- Asia Pacific
- RoW
The report provides coverage
by Country
- United States
- Germany
- China
- South Korea
Research Methodology
The objective of the research
is to present the historical growth (2010-2015) and the future
projections (2016-2021) of the global hydrocarbon solvents market
(global, regional, country-specific).
Historical market trend of
hydrocarbon solvents has been figured out through secondary research
(associations, annual reports, magazines, journals) and by various
paid databases.
Extensive primary research was
conducted and experts from the industry were interviewed for
presenting the dynamics of the industry and future projections.
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