Aliphatic Hydrocarbon Market Size 2022 Analysis by Top Key Players | MK Aromatics Ltd., HCS Group, Gadiv Petrochemical Industries Ltd., NOCO Inc., Ganga Rasaynie (P) Ltd
A comprehensive overview of the global aliphatic hydrocarbons market is presented in the latest research report from Market Research Future (MRFR). The global aliphatic hydrocarbon market is profiled in detail in the report, including an analysis of the major drivers and restraints of the market, the leading segments within the market, and the major players operating in the market and their competitive strategies. The growing aliphatic hydrocarbon market is assessed for readers looking to move ahead in the market; the report provides a detailed analysis of the major competitive strategies utilized by major players in the aliphatic hydrocarbon market. The major drivers and restraints affecting the global aliphatic hydrocarbon market are also profiled in detail in the report.
Aliphatic
hydrocarbons are widely used in paints and coating, cleaning agents, adhesives,
polymers and rubbers, and printing inks, among others. The high boiling point
of aliphatic hydrocarbons makes them the perfect component for paints and other
coatings that are intended to last long and provide strong protection from moisture,
heat, and other elements. The growing demand from the paints and coatings
industry is likely to be a major driver for the global aliphatic hydrocarbon
market over the forecast period. Paints and coatings are widely used in
construction and automotive industries, in addition to other industrial
manufacturing, leading to widespread demand from consumers all over the world. The
growing demand from the paints and coatings industry for stronger,
longer-lasting formulations is likely to lead to a growing demand for aliphatic
hydrocarbons in the coming years.
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The growing
demand for commercial and domestic cleaners is also likely to be a major driver
for the global aliphatic hydrocarbons market. The growing level of living
standards in emerging economies such as India, Malaysia, China, Indonesia,
Thailand, Japan, and South Korea has led to a growing demand for household
cleaners. Increasing urbanization in developing countries is likely to remain a
major driver for the aliphatic hydrocarbon market over the forecast period. The
increasing government monitoring in the area of clean industrial sites and
workplace safety standards is also likely to lead to a growing demand for industrial
cleaners, thus driving the aliphatic hydrocarbon market.
Competitive Analysis:
Leading players
in the global aliphatic hydrocarbons market include Pure Chemicals Co., Safra
Co. Ltd., Philips 66 Company, MK Aromatics Ltd., HCS Group, Gadiv Petrochemical
Industries Ltd., NOCO Inc., Ganga Rasaynie (P) Ltd., Kandla Energy and
Chemicals Ltd., Gulf Chemicals and Industrial Oil Corporation, Gotham
Industries, Shell Global, Calumet Specialty Products Partners LP, SK Global
Chemical Co. Ltd., and Exxon Mobil Corporation.
Segmentation:
The global aliphatic hydrocarbon market is segmented
on the basis of product type, applications, and region.
On the basis of product type, the market is
segregated into varnish maker’s & painter’s naphtha, mineral spirit, hexane,
heptane, and others.
Based on the application, the market is segmented
into paints & coatings, commercial & domestic cleaning, polymer &
rubber, adhesives, aerosols, printing inks, and others. The paints and coating
segment held the largest share of 30% in the global aliphatic hydrocarbon
market and is likely to remain the leading revenue generator due to the growing
demand for paints and coatings in developing countries around the world. Commercial
and domestic cleaning is the second largest application segment, followed by
adhesives and aerosols.
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Regional
Analysis:
Asia Pacific is likely to hold the largest share in
the global aliphatic hydrocarbon market over the forecast period due to the
growing construction industry in the region, leading to a growing demand for
paints and coatings. The increasing automotive industry is also likely to be a
major driver for the aliphatic hydrocarbon market in the region, as the
automotive industry needs paints and coatings as well as rubber for the tires,
which further aids the growth of the aliphatic hydrocarbon market. Some of the
leading producers of tires are located in Asia Pacific, leading to a growing
demand for aliphatic hydrocarbons.
North America and Europe are also likely to remain
steady contributors to the global aliphatic hydrocarbon market. Growing
industrialization in the Middle East is likely to remain a major driver for the
aliphatic hydrocarbon market over the forecast period.
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