Insights on Global Aromatic and Aliphatic Solvents Market Growth Prospects, Trends and Forecast to 2023

Published on : Jul 02, 2018

Albany, New York, July 2, 2018: A comprehensive study, titled “Global Aromatic and Aliphatic Solvents Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023” has been broadcasted to the wide repository of Market Research Hub (MRH). This precise study covers useful and strategic information for the readers to gain a competitive edge in the market. With a prime focus on several regions including Europe, South America, Asia-Pacific, North America, Middle East and Africa, the study aims to offer a complete perspective on global aromatic and aliphatic solvents market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn) and CAGR.

Firstly, the readers will infer the details of the global aromatic and aliphatic solvents market, evaluating market performance in terms of revenue, followed by analysis of key trends, drivers, and restraints witnessed in the global market. This portion also highlights the five forces analysis to determine the competitive landscape aiming various players operating in the market. According to the research prime findings, the worldwide market for Aromatic and Aliphatic Solvents is predictable to grow at a CAGR of roughly 2.7% over the next five years, will reach a substantial value in US$ (Million) by 2023 end.

It has been analyzed that aromatic and aliphatic solvents are hydrocarbon solvents, which are used worldwide and in a lot of applications. The research study finds that aliphatic solvents find applications as herbicides, fungicides, insecticides and some others. Aliphatic solvents are comparatively less harmful than aromatic solvents. On the other hand, aromatic solvents find application in industries such as adhesives, cleaners, oilfield chemicals, paints, pharmaceuticals, printing inks, textiles, and varnish. Aromatic solvents also find application as chemical intermediates, corrosion inhibitors, degreasers, diluents, and extractors.

For a better understanding, the research segments the market on the basis of type, and application. By types, the study covers benzene, xylene, ethyl benzene, toluene and others. On the other hand, application-wise segmentation covers mineral spirits, varnish and paints, and paraffinic solvents. In this section, the research presents information with sales market share and growth rate by type, application, from 2013 to 2018; and predict market growth in terms of sales and revenue, from 2018 to 2023.

The study also offers a broad scrutiny of the prominent players and important strategies devised by the companies to succeed in this market. Some of the players operating in the global aromatic and aliphatic solvents market include Chevron Phillips Chemical Company, BASF SE, Sasol Ltd., Honeywell International Inc., Royal Dutch Shell, LyondellBasell Industries N.V., Ineos AG, Celanese Corporation, Exxonmobil Corporation and Eastman Chemical Company.

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