Infinium Global Research Aromatic and Aliphatic Solvents Market | Page 2

A r omatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023
INTRODUCTION
REPORT DESCRIPTION
The demand in the industries such as automotive and construction sector are
expected to drive the growth in the Aromatic and Aliphatic Solvents Market, as
the solvents are utilized for removing grease and oil. Increasing demand from
industries such as adhesives, sealants, paint and coatings for aliphatic solvents, due
to its intense chemical and properties is expected to drive the growth of the
market. Among aromatic solvents, solvent naphtha and xylene are generating huge
demand from various end user industries and it is expected to drive the growth of
the market. The increasing demand for agrochemicals and cosmetics are expected
to enhance the growth of market. Varnish and naphtha end user segments are
expected to grow at a faster pace among aliphatic solvents during the forecast
period. Mineral spirits replacing turpentine as thinner in the paint industry is
expected to provide growth opportunities for the market. The health hazards
related to solvents such as benzene due to their toxic nature and the stringent
government regulations for organic chemicals are expected to be the restraining
factors in the aromatic and aliphatic solvents market. The availability of
environmental friendly alternatives for aromatic and aliphatic solvents poses a
major challenge to the growth of the market, due to 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.
As per the report the global Aromatic and Aliphatic Solvents market was worth USD
5.40 billion in 2015. The global market is expected to grow at a CAGR of 3.5% over
the forecast period of 2017 – 2023.
This report estimates the market size of Aromatic and Aliphatic Solventsin terms of
value (USD Billion) and volume (KT) over the period of 2017 to 2023. The year 2015
and 2016are considered to be base years, and 2017 to 2023 is considered to be a
forecast period. The market sizes for Aromatic and Aliphatic SolventsbySource, by
Application, by type and by regions are estimated in terms of value and volume.
This market research study provides detailed qualitative and quantitative analyses
of the global Aromatic and Aliphatic Solventsmarket. Additionally, the report
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