Market New Research Hydrocarbon Solvents Market by Product 2022 | Page 2

The key factors that are responsible for raising the share of the Hydrocarbon Solvents Market include rising
environmental concerns towards greener alternatives, increased awareness among the masses, robust growth in
population, augmenting demand from various sectors especially construction and automotive industries, mounting
applications, change in the lifestyle, rise in the standard of living, and rise in the disposable income of the population.
Other factors that are also contributing in the market growth include augmented infrastructural expenditure in
developing nations, mounting environmental concerns along with rising legislations and amplified demand for paints
& coatings.
The only factors that are hampering the market growth may consist of rising concerns over the fatal aspect of volatile
organic compounds (VOCs), implementation of strict norms by the government authorities, rising demands for eco-
friendly products and presence of cut-throat competition among the players. Owing to all the above-mentioned
factors, it has been anticipated that the Hydrocarbon Solvents Market will register a healthy CAGR in the upcoming
years.
Get a Sample Copy of This Report @
https://www.millioninsights.com/industry-reports/hydrocarbon-solvents-market/request-sample
Hydrocarbon Solvents Market is segmented on the basis of type as Aromatic type and Aliphatic type. The Aromatic
type can be further segmented as Ethyl benzene, Benzene, Toluene, Xylene, and others. The Aliphatic type can also be
further segmented as Paraffinic Solvents, Varnish & Paints, Mineral Spirits, Solvent 140, and Others. Hydrocarbon
Solvents Market is segmented on the basis of end user as Construction, Automotive, and others. Hydrocarbon Solvents
Market is segmented on the basis of application as Metal Cleaning, Rubber & Polymer, Agricultural Chemicals, Paints
& Coatings, Pharmaceuticals, Personal Care, Adhesives, and Printing Inks.
Hydrocarbon Solvents Market is segmented on the basis of geographical region as North America, Europe, China,
Japan, Southeast Asia, and India. As far as the geographical location is concerned, North America is currently leading
the market, the reason being rise in the industrialization, technological advancements, augmented demand from
various sectors particularly from the construction and automotive industries, and rising investments from the leading
manufacturers. On the contrary, Asia Pacific is also emerging with a huge growth, the reason being presence of huge
market players in the particular region, introductions of modern products and augmented demand for construction
chemicals. The key players operating in the Hydrocarbon Solvents Industry entails Exxonmobil Corporation, Honeywell
International Inc., Huntsman Corp., Ineos Ag, Royal Dutch Shell, Sasol Ltd, Ashland Inc., BASF SE, Celanese Corporation
and Eastman Chemical Company.
Market Segmnet:
This report focuses on top manufacturers in global market, with production, price, revenue and market share for
each manufacturer, covering
• ExxonMobil Chemical