Global Aliphatic Solvents Market - 2020-2027
Aliphatic solvents are in the category of aliphatic compounds that do not contain a benzene ring. They are mixtures of saturated, branched-chain (iso-paraffin), long straight chain (normal-paraffin) or cyclic paraffin. These solvents are produced by the distillation of crude oil by the appropriate boiling point range fraction and then are treated to improve their color and odor. Moreover, aliphatic solvents are also known as aliphatic hydrocarbon solvents and non-aromatic compounds. Since aliphatic solvents are considered to be aliphatic compounds, they contain hydrogen and carbon joined together in branched chains, straight chains or non-aromatic rings. In addition, the hydrocarbons of the alkene, alkyne and alkane series are aliphatic compounds, as are fatty acids and many other compounds. Most compounds containing rings are aromatic compounds. Thus, aliphatic compounds are the opposite of aromatic compounds.
Furthermore, their use as diluents or solvents in thinners and paints is widely used in oil extraction, rubber manufacturing, degreasing, and carriers for disinfectants and aerosols. Moreover, kerosene and gasoline are examples of aliphatic hydrocarbon solvents.
The global aliphatic solvents market is estimated to reach USD XX billion by 2027 from the recorded market size of worth USD XX billion in 2019, growing at a CAGR of XX% during the forecast period (2020-2027).
Increasing demand for aliphatic solvent is expected to increase the market size during the forecast period due to its unique properties, including high absorbency with organic matter, very versatile (can be used in many industries), very low water solubility and less toxic than aromatic solvents. Moreover, the increasing demand for paints & coatings is expected to boost the market growth during the forecast period due to enhancement in coatings' properties. It is expected that the global market value of the paints & coatings industry will be some USD 178.86 billion in 2025. In addition, increasing construction and reconstruction activities across the globe and rising government expenditure on developing infrastructure are expected to increase demand for paints and coating products, which is expected to support the target market's growth. Furthermore, rapid industrialization in developing and developed countries and the wide applicability of aliphatic solvents in various industry verticals are other significant factors expected to drive market growth during the forecast period.
However, short-term exposure to these solvents may cause euphoria, dizziness, irritation to skin & eyes, giddiness and nausea & headaches, sometimes resulting in unconsciousness. In addition, long-term effects include headache, muscular weakness, damage to lungs & skin, fatigue, numbness, neurological disorders and blurred vision; this effect of solvents on the human body is expected to hinder the market growth during the forecast period.
By type, the market is segmented into hexane, naphtha, paraffinic solvent, pentane, acetonitrile, cyclohexane, heptane and others. By application, the market is segmented into blowing agents, polymer-carriers, extraction solvents, adhesive solvents, pharmaceutical, decorative coatings, printing inks and others. By end-user, the market is segmented into healthcare, chemical, electronics, agrochemical, paints & coatings, cosmetics industries, agriculture, automotive, building & construction and others.
Solvents in Paints and Coatings: A solvent disperses or dissolves the paint formulation components to paint the desired consistency for application and avoid globs or clumps. Glycol ether esters are added to spray paints to prevent them from drying in mid-air. In addition, the slow evaporation of this powerful group of solvents means that cars, for example, can get several smooth, flawless paint applications for a beautiful, more durable finish.
Solvents in Personal Care Products: A various cosmetic products rely on solvents to dissolve ingredients and enable them to work correctly. Solvents are used in powders, lotions and shaving creams to offer appropriate consistency for the product. Perfume manufacturers use ethanol as their solvent of choice because of its low odor. Moreover, ethanol's low boiling point means that the solvent evaporates quickly and does not remain on the skin. Ethyl acetate or acetone is used in nail polish and is particularly valued for its fast-drying properties. In addition, it is also used in nail polish removal fluids and its high solvency power.
North America dominates the market for aliphatic solvents and is expected to dominate the market during the forecast period due to increasing demand for the pharmaceutical and paint & coating industry. Moreover, the pharma companies spend around 19.3% of their revenues on R&D, and this sizeable investment is wasted if a medication does not receive regulatory approval. In addition. the R&D expenditure of the U.S. pharmaceutical industry totaled USD 78.5 billion in 2018. Furthermore, pharmaceutical sales revenues in the U.S. have accounted for nearly half of the global total in recent years. Moreover, five of the leading pharma companies globally were from the U.S. in 2019. Pfizer is the number one company not only in the U.S. but also worldwide. Johnson & Johnson is another U.S. company that has made a big impression worldwide, with the pharmaceutical segment of its operations generating a record USD 41.56 billion in 2019.
Europe and APAC are expected to contribute significant market growth during the forecast period due to increasing investment and R&D on the aliphatic solvent industry to manufacture VOC-free products. Moreover, the European solvents industry promotes the sustainable and safe use of hydrocarbon solvents in Europe and ensures the regulatory framework is relevant to the manufacture, storage, distribution, and application of these solvents' best practices.
The aliphatic solvents market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Exxon Mobil, SK global chemical, Shell, Calumet Specialty Products Partners, Gotham Industries, Gulf Chemicals and Industrial Oils Company, Haltermann Carless, Kandla Energy & Chemicals, MK Aromatics, Hi-Tech Chemicals are the major player in the solvents market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the aliphatic solvents market globally.
Exxsol™ dearomatized fluids substitute traditional solvents such as white or mineral spirits. Proven for more than 30 years, Exxsol fluids secure good solvency characteristics without compromising health, safety and environmental standards. Moreover, Exxsol hexane is a complex mixture of aliphatic hydrocarbons obtained by hydrogenating a petroleum fraction that consists primarily of normal, cycloparaffinic C6 isoparaffinic hydrocarbons. Including a product portfolio offering more than 100 grades worldwide, you will almost always find a product that fits your industry's specific needs.