Aliphatic Hydrocarbon Market Research Report - Global Forecast Till 2030

Aliphatic Hydrocarbon Market Research Report: Information by Type [Saturated (Methane, Ethane, Propane, Butane, and Others) and Unsaturated (Ethylene, Propylene, Butylene, and Others)], Application (Paints & Coating, Adhesive & Sealant, Polymer & Rubber, Surfactant, Solvent, Dyes, and Others), and Region (Asia-Pacific, North America, Latin America, Europe, and Middle East & Africa)- Forecast till 2030

ID: MRFR/CnM/4170-HCR | February 2021 | Region: Global | 140 pages

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Aliphatic Hydrocarbon Market Overview


The aliphatic hydrocarbon market size will be expanding at a rate of 2.10% from 2020 to 2030, expects Market Research Future (MRFR).


Turpentine is extensively utilized in the art and painting industry but releases noxious vapors and has a notable odor. Mineral spirits are a few common aliphatic solvents that have the same function as turpentine but do not release any odors or vapors. Turpentine is an eye, skin, upper respiratory tract and mucous membrane irritant in humans. It also leads to skin sensitization and can have an effect on the gastrointestinal, urinary tract, and central nervous system. These factors are responsible for the need to replace turpentine with odorless mineral spirits, which works in favor of the aliphatic hydrocarbon market


Restraint


Top Brands Switching to Green Solvents


People that work in aliphatic hydrocarbons manufacturing spaces are constantly touching solvents, which can damage their reproductive, respiratory and nervous systems. Regulations banning the use of solvents make organic solvents the perfect solution for manufacturers of aliphatic hydrocarbons.


Opportunity


Emerging countries in the Middle East to Offer Lucrative Opportunities


The incredible growth of the real estate sector coupled with the rapid industrialization rate in several countries in the Middle East provide significant opportunities to global companies. Countries like the UAE and Saudi Arabia are working on reducing their dependency on the oil sector for economic surge and are, therefore, focusing on other industries.


As a result, the construction sector is witnessing strong growth in the region, which elevates the demand for cleaning & degreasing agents, adhesives, and paints & coatings.


Global Aliphatic Hydrocarbon Market, by Application, 2018


Source: MRFR Analysis


Market Segmentation


The global aliphatic hydrocarbon market has been segmented based on type, application, and region.


Based on type, the global aliphatic hydrocarbon market has been divided into saturated and unsaturated. The saturated segment is further segmented into methane, ethane, propane, butane, and others. The unsaturated segment is further segmented into ethylene, propylene, butylene, and others.


By application, the global aliphatic hydrocarbons market has been categorized into paints & coating, adhesive & sealant, polymer & rubber, surfactant, solvent, dyes, and others.


Regional Analysis


The global aliphatic hydrocarbon market has been cataloged across five different geographies, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Asia-Pacific accounted for the major market share of the global aliphatic hydrocarbon market in 2018 and is expected to follow a similar trend during the forecast period. In 2018, the region accounted for a share of over 42% based on value. Rapid industrialization in the region due to lucrative investment policies, low production cost, and inexpensive labor costs are supporting the growth of the aliphatic hydrocarbons market in the region. Growing end-use industries such as packaging, automotive & transportation, building & construction, electricals & electronics, healthcare, and power are contributing to the high demand for aliphatic hydrocarbon-based chemical intermediates.


North America was the second-largest market for aliphatic hydrocarbons in 2018. The increasing number of ethylene manufacturing facilities to meet the domestic demand and for export is driving the product market growth in the region.


Europe followed North America in terms of the market size in 2018. The developed automotive & transportation industry is ensuring a stable revenue source for the aliphatic hydrocarbon market in the region. Aliphatic hydrocarbons are mostly utilized for manufacturing paints & coatings, adhesives & sealants, rubber & polymer, and others. Furthermore, the strong electricals & electronics industry is also supporting the market growth in the region.


Slow economic development in Latin America affected the growth of the aliphatic hydrocarbon market in 2018. Moreover, the region is expected to show increasing growth during the forecast period due to the rapid industrialization in countries such as Brazil, Mexico, and Venezuela.


The Middle East & Africa is expected to exhibit a rising demand for aliphatic hydrocarbons during the forecast period. The building & construction are likely to provide stable revenue source to the aliphatic hydrocarbons market during the forecast period.


Key Players:


Some of the key players operating in the global aliphatic hydrocarbon market are Exxon Mobil Corporation (US), SK global chemical Co., Ltd. (South Korea), Royal Dutch Shell PLC (Netherlands), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (Netherlands), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Chevron Phillips Chemical Company (US), Total (France), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Cepsa (Spain), and Westlake Chemical Corporation (US).

Recent Development


March 2022


PPprint GmbH, the developer of polypropylene 3D printing solutions for technical, medical and professional technology applications from Germany is teaming up with Ascent Fabrication Inc., to offer premium orthotic and prosthetic digital design as well as central fabrication services. This partnership allows the 3D printing vendors in all the sectors to have access to a complete PPprintpolypropylene 3D printing solutions range.


February 2022


Celanese will be acquiring a major share in DuPont’s Mobility and Materials unit for around USD 11 billion. Celanese will now have acess to DuPont’s high performance long-chain nylons, polyethylene terephthalate and polybutylene terephthalate. DuPont’s ethylene and polyester acrylic elastomers are also part of this deal.


Intended Audience



  • Aliphatic hydrocarbon market manufacturers

  • Traders and distributors of aliphatic hydrocarbon

  • Production process industries

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   2.10% CAGR (2020-2030)
  Base Year   2021
  Forecast Period   2020-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Type, Unsaturated, Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exxon Mobil Corporation (US), SK global chemical Co., Ltd. (South Korea), Royal Dutch Shell PLC (Netherlands), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (Netherlands), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Chevron Phillips Chemical Company (US), Total (France), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Cepsa (Spain), and Westlake Chemical Corporation (US).
  Key Market Opportunities

  • The growing demand for paints and coatings across the globe due to increasing number of residential and commercial building projects on account of the rising population and urbanization is also contributing to the growth.\r\n
  • The shale gas boom in the US is supporting the growth of the product market
  •   Key Market Drivers   The increasing number of ethylene manufacturing facilities to meet the domestic demand and for export is driving the product market growth in the region.


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    Frequently Asked Questions (FAQ) :

    The forecast period for Aliphatic Hydrocarbon Market research report is 2020-2030.

    Global Aliphatic Hydrocarbon Market is dominated by APAC region.

    Exxon Mobil Corporation (US), SK global chemical Co., Ltd. (South Korea), Royal Dutch Shell PLC (Netherlands), SABIC (Saudi Arabia), LyondellBasell Industries Holdings B.V. (Netherlands), Reliance Industries Limited (India), China Petroleum & Chemical Corporation (China), Chevron Phillips Chemical Company (US), Total (France), Mitsubishi Chemical Corporation (Japan), Sasol (South Africa), Cepsa (Spain), and Westlake Chemical Corporation (US).