Market Study on Expected Growth for Aromatic and Aliphatic Solvents Market

Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

INFINIUM GLOBAL RESEARCH

Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

INTRODUCTION REPORT DESCRIPTION The demand in the industries such as automotive and construction sector are expected to drive the growth in the Aromatic and Aliphatic Solvents Market, as the solvents are utilized for removing grease and oil. Increasing demand from industries such as adhesives, sealants, paint and coatings for aliphatic solvents, due to its intense chemical and properties is expected to drive the growth of the market. Among aromatic solvents, solvent naphtha and xylene are generating huge demand from various end user industries and it is expected to drive the growth of the market. The increasing demand for agrochemicals and cosmetics are expected to enhance the growth of market. Varnish and naphtha end user segments are expected to grow at a faster pace among aliphatic solvents during the forecast period. Mineral spirits replacing turpentine as thinner in the paint industry is expected to provide growth opportunities for the market. The health hazards related to solvents such as benzene due to their toxic nature and the stringent government regulations for organic chemicals are expected to be the restraining factors in the aromatic and aliphatic solvents market. The availability of environmental friendly alternatives for aromatic and aliphatic solvents poses a major challenge to the growth of the market, due to increasing government regulations in various countries. However, the acceptance of bio-based aromatic and aliphatic solvents in matured economies, where there are stringent government regulations regarding chemicals, provides a positive outlook for aromatic and aliphatic solvents during the forecast period.

As per the report the global Aromatic and Aliphatic Solventsmarket was worth USD 5.40 billion in 2015. The global market is expected to grow at a CAGR of 3.5% over the forecast period of 2017 – 2023.

This report estimates the market size of Aromatic and Aliphatic Solventsin terms of value (USD Billion) and volume (KT) over the period of 2017 to 2023. The year 2015 and 2016are considered to be base years, and 2017 to 2023 is considered to be a forecast period. The market sizes for Aromatic and Aliphatic SolventsbySource, by Application, by type and by regions are estimated in terms of value and volume.

This market research study provides detailed qualitative and quantitative analyses of the global Aromatic and Aliphatic Solventsmarket. Additionally, the report 2

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of Aromatic and Aliphatic Solvents. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific, and, Rest of the World (RoW). The market size and forecasts are also given for these regions.

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Aromatic and Aliphatic Solventsmarket. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global Aromatic and Aliphatic Solventsmarket that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.

SEGMENTATION AND RESEARCH SCOPE AROMATIC AND ALIPHATIC SOLVENTSMARKET SEGMENTATION

Source Types • Based on type aromatic solvents are segmented as • • • •

Mineral spirits Paraffinic solvents Varnish and paints Others

• Based on type aliphatic solvents are segmented as • • • • •

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Benzene Ethyl benzene Toluene Xylene Others

Application • Adhesives • Agricultural and chemicals • Metal cleaning • Paints and Coatings • Pharmaceuticals • Personal care • Printing inks • Rubber and polymer

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 Bio-based source  Conventional source

Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

The report segments the global aromatic and aliphatic Solvents Market by source, application, type, and region. Sources include bio-based source and conventional source. Based on application, the market is segmented as adhesives, agricultural chemicals, metal cleaning, paints & coatings, pharmaceuticals, personal care, printing inks and rubber & polymer. Based on type, aromatic solvents are segmented as mineral spirits, paraffinic solvents, varnish & paints and some others while aliphatic solvents are segmented as benzene, ethyl benzene, toluene, xylene, and some others.

RESEARCH METHODOLOGY Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the Aromatic and Aliphatic Solvents market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days.

RESEARCH METHODOLOGY: AN OUTLINE

Primary Research

Secondary research

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• Primary sources of the information and data include • Industry Experts/ consultants • Top level executives in the key market players • Subject matter experts • Academicians and research scholars

• Secondary sources of the information and data include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases • Websites and publications by research agencies • Others

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

P r i ma r y R es ea r c h Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached through 1. Key Opinion Leaders associated with Infinium Global Research 2. Internal and External subject matter experts 3. Professionals and participants from LinkedIn, Hoovers, Factiva and Bloggers Our primary research respondents typically include 1. Executives working with leading companies in the market under review 2. Product/brand/marketing managers 3. CXO level executives 4. Regional/zonal/ country managers 5. Vice President level executives.

Se c on da r y R es ea r ch Secondary research involves extensive exploring through the secondary sources of information available in both public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources. The secondary sources of the data typically include • Company reports and publications • Government/institutional publications • Trade and associations’ journals • Databases such as WTO, OECD, Hoovers, Factiva, and Worldbank, among others.

• Websites and publications by research agencies • The National Chemical Database Service • ICSC databases.

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

DATA COLLECTION MATR IX: RESEARCH METHODOLOGY: DATA COLLECTION MATRIX

Demand Side analysis

Global market size (Consumption)

Supply Side Analysis

Production +Import -Export

Data collection matrix explains the triangulation of the data collected to arrive at the market size of the global Aromatic and Aliphatic Solvents market. The supply side analysis considers the production of Aromatic and Aliphatic Solvents. The supply side analysis also takes into consideration the suppliers of raw materials, the manufacturers and other stakeholders involved into supply of the Aromatic and Aliphatic Solvents. The demand side analysis considers the Product areas of the Aromatic and Aliphatic Solvents market. In this approach the various industry players are considered. The country-wise sales values provide the data of consumption of Aromatic and Aliphatic Solvents in the regional as well as global markets. Moreover, this approach helps analyze the future trends and the market size of the global as well as regional Aromatic and Aliphatic Solvents market. In order to arrive at the market size as well as to validate the data findings from supply and demand side analyses the import, export and production data are considered. The consumption in the global, regional as well as country markets is estimated using the following formula Consumption= (Production + Import) – Export

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

RESEARCH APPROACHES The study on global Aromatic and Aliphatic Solvents market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD Billion. The research also covers the analysis of the various segments in the global Aromatic and Aliphatic Solventsmarket. The estimates in the global Aromatic and Aliphatic Solventsmarket are based on both bottom-up and top-down approaches.

RESEARCH APPROACHES- BOTTOM UP • Accumulation of the country level market size (sales value) • Regional market size of Aromatic and Aliphatic Solvents and its applications • Segment revenue of the key players • Country level market size by type , by source and applications (sales value)

• Identifying key players in the Aromatic and Aliphatic Solvents market

• Accumulation of the regional/country market size (sales value) • Global market size of product types and applications

In the bottom-up approach the revenues of the key players are determined and added to arrive at the country or regional market size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of Aromatic and Aliphatic Solvents market.

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

RESEARCH APPROACHES- TOP-DOWN

• Global market size of Aromatic and Aliphatic Solvents market Global market

Market Segments

• % breakdown by market segments by types and products, end users and distribution channels of Aromatic and Aliphatic Solvents

Top- Down Approach Determine the regional market size

Country Level market sizing

• Regional market size of the Aromatic and Aliphatic Solvents market (sales value) • Regional market size of product types and applications in terms of value

• Country level market size of the Aromatic and Aliphatic Solvents market in every region (sales value) • Country level market size of product types and applications in every region

In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia Pacific,and RoW. IGR- RESEARCH METHOD AND DATA TRIANGULATION

SECONDARY SOURCES.

PRIMARY SOURCES

• Industry Publications

end-use

•C-level executives in the leading manufacturing companies of Aromatic and Aliphatic Solvents •Product managers •Sales managers •Industry consultants •Distributors/Suppliers

• Industry news ‘ • Data sources • The National Chemical Database Service

Infinium’s Data bank/Know how

• ICSC databases.

• Others

• Annual Reports • Presentations • Company Websites

• Press Releases • News Articles • Journals

Primary Research

Secondary Research

Data Triangulation and Information Sources

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• Paid Databases

Company Publications .

SUPPLY SIDE

of

General. Publications

DEMAND SIDE

• Government Agencies’ Publications

•Top executives industries •Intermediaries

Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

The market size of Aromatic and Aliphatic Solvents is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the Aromatic and Aliphatic Solventsmarket. The primary interview participants typically includes managers and CXO level executives of the leading players in this market.The primary interviews not only help identify the market size of the Aromatic and Aliphatic Solvents market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the Aromatic and Aliphatic Solventsmarket. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of Aromatic and Aliphatic Solvents. With the help of primary interviews and secondary research the market size of Aromatic and Aliphatic Solvents is determined for each country studied, which then is added to arrive at regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of Aromatic and Aliphatic Solvents in the world market.

EXECUTIVE SUMMARY GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET HIGHLIGHTS, (USD BILLION) Aromatic and aliphatic solvents are hydrocarbon solvents. Aromatic solvents have a ring structure similar to benzene and they are manufactured by distilling coal tar or petroleum. The processes such as catalytic hydrogenation & alkylation and catalytic reforming & steam cracking are also utilized for the production of aromatic solvents. Benzene, diethyl benzene, phenol, toluene, and xylene are some of the major aromatic solvents. Aromatic solvents find application in industries such as adhesives, cleaners, oilfield chemicals, paints, pharmaceuticals, printing inks, textiles, and varnish. Aromatic solvents also find application as chemical intermediates, corrosion inhibitors, degreasers, diluents, and extractors. Aromatic solvents have very high solvency rates and it helps in formation of homogenous solutions. It finds application as an agent for speeding up the drying process of lacquer based paints. Toluene has the major share of demand among the aromatic solvents. Aliphatic solvents possess a straight-chain structure of paraffinic compounds. Heptane, hexane, gasoline, kerosene, lacquer diluents, mineral spirits, and naphtha are some of the major aliphatic solvents. Aliphatic solvents find 9

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

applications as herbicides, fungicides, insecticides and some others. Aliphatic solvents are comparatively less harmful than aromatic solvents.

The aromatic solvents market size was more than USD 5.40 billion in 2015. The global aromatic and aliphatic solvents market is projected to reach USD X.xx billion by 2023, growing with a CAGR of 3.5% from 2017 to 2023.

Europe dominates the world Aromatic and Aliphatic Solventsmarket in terms of dollar share, and it is anticipated to grow at the highest CAGR over the forecast period. The growth in the Europe region is primarily driven by the demand for conventional solvents is making way for bio-based solvents in the European aromatic and aliphatic solvents market.

GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET PROJECTION, 2015 – 2023 (USD BILLION) GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET, 2015 – 2023 (USD BILLION)

2016

2017

2018

2019

2020

2021

2022

2023

Value

Aromatic and Aliphatic Solventsmarket is expected to experience significant growth globally. The global market for Aromatic and Aliphatic Solvents is expected to grow at a CAGR 3.5% over the period of 2017 to 2023, significant growth in application industries is expected to impact the growth rate over the forecast period.

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET CAGR GROWTH BY REGIONS GLOBAL AROMATIC AND ALIPHATIC SOLVENTSMARKET, CAGR GROWTH BY REGIONS (2017 – 2023)

x.x %

x.x

%

x.x

%

North America Europe

Asia

The demand for conventional solvents is making way for bio-based solvents in the European aromatic and aliphatic solvents market. Germany drives the growth of the European market, which is otherwise a matured market. In Asia-Pacific region, the increased market penetration of aliphatic solvents is anticipated to drive the growth of the market, with more potential left to tap in the middle-eastern countries, which are having construction boom. Asia-Pacific region has a major share in the global aromatic solvents market, due to high volume of consumption, especially in China and Korea. Growth in automotive and construction industries is expected to drive the growth of the market in the region. The U.S. is expected to drive North-American aromatic and aliphatic solvents market to a moderate growth due to the increasing demand from pharmaceuticals, conventional oil & gas, and shale gas industries. In Latin America, the demand for aromatic solvents from countries such as Argentina, Brazil and Venezuela are expected to drive the market to a steady growth. Developing countries in rest of the world are expected to provide growth opportunities for the major players in the market to expand, as they have less stringent environmental regulations, when compared to the matured economies, during the forecast period.

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

MARKET OVERVIEW AND COMPETITIVENESS DRO ANALYSIS DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Aromatic and Aliphatic Solventsmarket. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Aromatic and Aliphatic Solventsmarket.

Drivers refer to the factors that are expected to drive or boost the market size or demand for Aromatic and Aliphatic Solvents. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Aromatic and Aliphatic Solventsmarket both in short run and long run.

IGR- GROWTH MATRIX ANALYSIS Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Application segment based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment.

Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments 12

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Consolidation zone

Opportunity zone High

Low Risky zone

Retention zone Market Size High

Low

North America

Europe

Asia-Pacific

Latin America

RoW

Browse Detailed Description, TOC and Key Players Mentioned in this Report @ https://www.infiniumglobalresearch.com/chemical-material/global-aromaticand-aliphatic-solvents-market

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Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

COMPANY PROFILES OVERVIEW BASF SE. BASF SE.: CONTACT INFO BASF SE Contact details Address: Tele: Fax: website

Key Features No. of Employees: No. of countries of operation: No. of SBUs/Subsidiaries:

BASF SE.: FINANCIAL INFO BASF SE Revenue Comparison revenue 162

3.35%

160

3.30%

158 156

12.5% 31.5%

3.25%

154

35.5%

3.20%

152

20.5%

150

3.15%

148

3.10%

146

Region 1

144 2014

region4

BASF SE Revenue Breakdown by Segment

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12.5% 31.5%

35.5% 20.5%

Segment 1

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region3

2015

Key Highlights

14

Region2

3.05% 2013

•

Revenue by regions

YoY Growth in Revenue

Segment 2

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Segment 3

Segment 4

Aromatic and Aliphatic Solvents Market Global Industry Analysis, Trends, Market Size & Forecasts to 2023

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