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The report covers aliphatic solvents and hydrocarbon solvent mixtures that are
further segmented into paraffinic, Paraffinic solvents, Varnish makers and paints
(VM&P) naphtha, Mineral spirits, Stoddard solvent, Solvent 140. Segments of the
market covered in the report include mineral spirits, hexanes, heptanes, naphthas
and other solvents. End uses mentioned in the report include paints and coatings,
printing inks, pharmaceuticals, adhesives, rubber & polymer, agricultural chemicals,
other uses.
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Aliphatic Solvents in Asia at- http://www.marketreportsworld.com/aliphaticsolvents-in-asia-10065480
Some Key Findings of the Report
The global solvents (oxygenated, hydrocarbon, and halogenated) market was
estimated to be about 25 MT in volume in 2014. Aliphatic hydrocarbon solvents
constitute 27% of the total solvents market.
The historical growth (2010-2013) of the global / Asia-Pacific / Middle East aliphatic
hydrocarbon solvents market is primarily attributed to a single factor i.e. growth in
demand for solvents from the end-user industries as a result of economic growth,
particularly in emerging markets.
Shale gas discovery and exploitation have led to light naphtha becoming an oversupplied raw material in the aliphatic hydrocarbon solvents market, leading to lower
the raw material costs for manufacturers of aliphatic hydrocarbon solvents.
Solvents are highly regulated chemical substances as solvents emit high levels of
VOCs in the atmosphere. Many global- as well as regional-level regulatory
compliance rules/norms have been formulated to minimize the VOC emissions and
to ensure compliance.
VM&P naphtha constitutes around 80% of the aliphatic solvents market owing to its
usage across range or end-user industries.
Since the 1960s, solvents have typically been used across a range of industries
such as paints and coatings, printing inks and cleaning agents; they are also used in
the pharmaceutical and synthetic rubber industries. The largest end-user customer
segment to date is the paints and coatings industry.
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Corresponding to the growth of the printing inks industry, the demand for solvents
as core ingredients (solvents account for ~ 50% to 70% of overall weight of printing
inks too) is also expected to grow leading to profitable opportunities for market
players.
There is a rising trend is taking place of development of solvent-free
pharmaceuticals production processes (such as use of ball mills for molecule size
reduction and dissolution) and the replacement/substitution of existing solvents.
The Asia-Pacific aliphatic hydrocarbon solvents market is fragmented with only a
small number of organized players having a presence across the entire region.
Companies such as Shell Chemicals, ExxonMobil Chemicals, and two others
together account for approximately 20% of the Asia-Pacific aliphatic solvents market.
China will remain a net importer for many specialized solvents/product lines,
while relying on production and domestic consumption of commonly used aliphatic
hydrocarbon solvents.
Saudi Arabia and UAE produce nominal quantities of specialized aliphatic
hydrocarbon solvents for domestic consumption; they export the generic solvents
and also raw material in bulk to other countries.
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