IGR Aromatic and Aliphatic Solvents Market | Page 3

increasing government regulations in various countries. However, the acceptance of bio-based aromatic and
aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals,
provides a positive outlook for aromatic and aliphatic solvents during the forecast period.
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Segments Covered:
The report segments the global aromatic and aliphatic Solvents Market by source, application, type and region.
Sources include bio-based source and conventional source. Based on application, the market is segmented as
adhesives, agricultural chemicals, metal cleaning, paints & coatings, pharmaceuticals, personal care, printing inks
and rubber & polymer. Based on type, aromatic solvents are segmented as mineral spirits, paraffinic solvents,
varnish & paints and some others while aliphatic solvents are segmented as benzene, ethyl benzene, toluene,
xylene and some others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest
of the World. In this section the key trends and market size for each geography is provided over the period of
2017 – 2023.
Moreover, due to stringent environmental regulations, the demand for conventional solvents is making way for
bio-based solvents in the European aromatic and aliphatic solvents market. Germany drives the growth of the
European market, which is otherwise a matured market. In Asia-Pacific region, the increased market penetration
of aliphatic solvents is anticipated to drive the growth of the market, with more potential left to tap in the middle-
eastern countries, which are having construction boom. Asia-Pacific region has a major share in the global
aromatic solvents market, due to high volume of consumption, especially in China and Korea. Growth in
automotive and construction industries is expected to drive the growth of the market in the region. The U.S. is