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The Aliphatic Hydrocarbon Market is very dynamic with several factors influencing its growth patterns. This includes straight chain structure which are important raw materials for industries like chemicals, plastics and rubber among others . With fast changing global business conditions driven by shifts in economic terms that affects any industry operational rule therefore regulatory changes impact a specific industry direction given global economic outcomes of majority of markets.
The second one is Environmental regulations, which essentially has a major influence. As the world increasingly emphasizes sustainability and environmental protection, it presses for eco-friendly substitutes to conventional hydrocarbons. Changing consumer tastes and more stringent regulations encouraging cleaner production methods are shaping market dynamics, forcing companies to invest in research and development of green alternatives.
The evolution of the aliphatic hydrocarbon market owes a great deal to technological advancements. Such changes in extraction processes, purification and refining techniques can result in new forms of market dynamics that may raise efficiency levels while lowering costs. In addition, there are new developments within sectors like end-use industries that have come up with polymers or materials for use by aliphatic hydrocarbons.
To understand market dynamics, global supply chains must be considered. The cost and availability of aliphatic hydrocarbons are determined by raw material availability, geopolitical challenges as well as transportation costs. Moreover price fluctuations and unavailability due to disruptions along supply chains caused by factors such as natural disasters, political instability or any unforeseen event impact on the industry at once.
Aliphatic hydrocarbon markets are also influenced by consumer preferences on sustainable products. There is need for alternative sources of raw materials and production techniques for manufacturers because they want environmentally friendly products with bio basis. In this regard, firms that offer green solutions responding to changing consumer needs will remain competitive in their industry.
Aliphatic Hydrocarbon Market Highlights:
Aliphatic Hydrocarbon Market Overview
Aliphatic Hydrocarbon Market is projected to be worth USD 4.85 Billion by 2028, registering a CAGR of 4.42% during the forecast period (2021 - 2028). Aliphatic hydrocarbon solvents are organic compounds whose carbon atoms are linked in open chains, either straight or branched, rather than containing a benzene ring. Aliphatic hydrocarbons do not have a benzene ring, but they are mixtures of saturated, long straight chain that is normal-paraffin, branched-chain that is Iso-paraffin, or cyclic paraffin. The distillation of crude oil produces them with an appropriate boiling point range fraction, and then they are treated to improve their color and odor. Aliphatic hydrocarbon solvents are aliphatic compounds; they contain carbon and hydrogen, joined together in straight chains, branched trains, or non-aromatic rings.
The alkane type, alkene, and alkyne series hydrocarbons are aliphatic compounds, similar to fatty acids and many other compounds; therefore, aliphatic compounds are the opposite of aromatic compounds. Hydrocarbons are used as solvents or diluents in paints and thinners, they are widely used in oil extraction, degreasing, rubber manufacturing, and as carriers for aerosols and disinfectants. Gasoline and kerosene are reliable examples of aliphatic hydrocarbon solvents. Common aliphatic hydrocarbon solvents are used in paints and coatings like mineral spirits, hexanes, and heptanes. These compounds are used as corrosion inhibitors. Some of the common examples related to aliphatic hydrocarbon solvents are mineral spirits, petroleum naphtha, petroleum distillate, cyclohexane, octane, pentane, or isopentane nonane. Most of the hydrocarbon can contain a blend or mixture of different aliphatic types or aliphatic or aromatic hydrocarbons, which depend on their end-use industrial applications.
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
Calumet Specialty Product Partners, L.P, has acquired Biosynthetic Technologies, LLC. The acquisition of Biosynthetic Technologies, LLC, and its technological capabilities align with Calumet’s Specialty Products’ focused growth strategy. Furthermore, the company also announced the opening of a new R&D facility in Indianapolis. This development is expected to create synergy and offer a competitive edge in the North American region's aliphatic hydrocarbon solvents market.
Intended Audience
- Aliphatic hydrocarbon market manufacturers
- Traders and distributors of aliphatic hydrocarbon
- Production process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratoryÂ
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