Pune, India -- (SBWIRE) -- 09/07/2018 -- Aliphatic Hydrocarbons are the organic compounds containing hydrogen and carbon bonded in straight chains, branched chains or non-aromatic rings. They are either saturated or unsaturated, depending upon the type of bond present in the compound. These are alkanes, alkenes, and alkynes, which are highly flammable and mainly used as fuels. They undergo combustion reactions with oxygen present in the atmosphere and produce carbon dioxide, water, and energy. Due to its physical properties such as low density, comparatively higher boiling point, and others, they find considerable usage as diluents in paints and coatings. The product is majorly used in daily-use products such as perfumes, artificial flavors, room fresheners, paints, and mosquitoes and other insect repellants. They are significantly used in major industrial applications such as natural gas, petroleum, naphtha cracking, and others. Additionally, the product is also used as dry cleaning agents, propellants, lubricants, and chemical intermediates. Furthermore, the use of aliphatic hydrocarbons in preparation of pesticides & disinfectants, rubber manufacturing, oil extraction, food additives, and organic chemical synthesis is likely to propel the global aliphatic hydrocarbon market in coming years.

The rapidly growing use of Aliphatic Hydrocarbons as a thinner in the paints and coatings industry is most likely due to the increasing demand from the increasing construction activities. On account of this, the emerging economies in the developing regions such as Asia Pacific and the Middle East are anticipated to be the major contributors to the global market. Rapid urbanization and growing industrialization in these regions are the key drivers of the market growth. However, the toxic nature of aliphatic hydrocarbons causes harmful effects on human health, therefore, the demand for bio-based substitutes has increased. The increasing demand for environmentally friendly, bio-based solvents may become a hindrance to the market growth.

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Regional Analysis

The Global Aliphatic Hydrocarbon Market is broadly segmented into five key regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these regions, Asia Pacific is estimated to hold the largest share of the global aliphatic hydrocarbon market in terms of value. The major factor favoring the growth of the regional market includes rapid urbanization of emerging economies such as China and India, wherein increasing construction activities are fetching huge demand for paints and coatings. In addition to this, the growing use of rubber for gluing layers and pieces of tires in automobiles to increase their durability is anticipated to further push the growth of the market. Thailand and Indonesia followed by India are the largest producers of rubber which further fuels the global market growth.

North America and Europe are expected to witness a considerable market growth due to the increasing paint and coating industry. The compound is used as an additive for better resistance and stability in powder coating. However, stringent government rules and regulations in order to ensure environmental safety might affect the production of Aliphatic Hydrocarbons and restrain the growth of the market.

The Middle East is expected to hold a significant share of the market due to the steady growth of industrialization countries namely UAE, Saudi Arabia. Saudi Arabia is the largest producer of oil. The Aliphatic Hydrocarbon is used in oil extraction, which is the major driver of the market in this region.

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 makers & Painter's naphtha, mineral spirit, hexane, heptane, and others.

Based on the Applications, the market is categorized into paints & coatings, commercial & domestic cleaning, polymer & rubber, adhesives, aerosols, printing inks, and others.

On the Basis of Regional Division, the market is spanned across the five key regions: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa.

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