Market For Aliphatic Solvents In Asia And The Middle East Witnessing A High Growth Due To Increase The Purchasing Power Of The Customers, And Which In Turn Boosts The Growth Of The Industries.
Summary: The report covers the characteristics of the market for aliphatic solvents in Asia and the Middle East including trends, characteristics, country splits, segmentations and analysis of end uses
The report covers aliphatic solvents and hydrocarbon solvent mixtures that are further segmented into paraffinic, Paraffinic solvents, Varnish makers and paints (VM&P) naphtha, Mineral spirits, Stoddard solvent, Solvent 140. Segments of the market covered in the report include mineral spirits, hexanes, heptanes, naphthas and other solvents. End uses mentioned in the report include paints and coatings, printing inks, pharmaceuticals, adhesives, rubber & polymer, agricultural chemicals, other uses.
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Some Key Findings of the Report
• The global solvents (oxygenated, hydrocarbon, and halogenated) market was estimated to be about 25 MT in volume in 2014. Aliphatic hydrocarbon solvents constitute 27% of the total solvents market.
• The historical growth (2010-2013) of the global / Asia-Pacific / Middle East aliphatic hydrocarbon solvents market is primarily attributed to a single factor i.e. growth in demand for solvents from the end-user industries as a result of economic growth, particularly in emerging markets.
• Shale gas discovery and exploitation have led to light naphtha becoming an over-supplied raw material in the aliphatic hydrocarbon solvents market, leading to lower the raw material costs for manufacturers of aliphatic hydrocarbon solvents.
• Solvents are highly regulated chemical substances as solvents emit high levels of VOCs in the atmosphere. Many global- as well as...