Market Size of Aliphatic Hydrocarbon Solvents and Thinners Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Aliphatic Hydrocarbon Solvents & Thinners Market Analysis
The market for Aliphatic Hydrocarbon Solvents and Thinners is expected to grow at a CAGR of about 4% globally during the forecast period. Major factors driving the market Increasing application in paints & coatings as diluents and thinners and growing demand owing to their wide range of applications.Stringent environmental regulations coupled with other restraints are expected to hinder the growth of the market studied
Aliphatic Hydrocarbon Solvents and Thinners market is expected to grow during the forecast period owing to growing application in paints and coatings across the globe.
Asia-Pacific region dominated the market across the globe with the largest consumption from the countries such as China, India, Japan and ASEAN countries.