Global Aliphatic Hydrocarbon Solvents Market Expected To Reach USD$ 3.0 Billion By 2020

Date: 2016-09-17

The global aliphatic hydrocarbon solvents market is projected to reach USD$ 3.0 Billion by 2020, at a CAGR of 1.8% between 2015 and 2020. Replacement of turpentine by mineral spirits, high growth in the paints and coatings and pharmaceutical industries and growing penetration in the Asia-Pacific region are the factors driving the growth of the global aliphatic hydrocarbon solvents market.

The market in developed regions is already matured and is witnessing sluggish growth while the developing regions are expected to witness consistent growth in the hydrocarbon solvents market.

The major factors that are driving the global aliphatic hydrocarbon solvents market are increase in demand for aliphatic hydrocarbon solvents in Asia Pacific, replacement of turpentine by mineral spirits, and high growth in paint and coating. As far as region is concerned, in Asia Pacific the market is expected to grow at an impressive pace during 2015-2022 due to technological up gradations, rising income level and changing lifestyle etc. Although there are many factors that are the key drivers of the market, still there are certain challenges which the market has to overcome. Such challenges include high VOC (Volatile organic compounds).The nature of all types of aliphatic hydrocarbon solvents are similar to each other. The major difference lies in terms of boiling point and prices of the product.

China and Korea are the major countries in this region consuming more than 80% of demand for aliphatic hydrocarbon solvents in this region.

According to survey, the region of Neoprene Rubber market share as following:
aliphatic-hydrocarbon-solvents
Read Full Report: http://www.gosreports.com/global-aliphatic-hydrocarbon-solvents-industry-2016-market-research-report/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 1-510-400-8520
Web: www.gosreports.com

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