Lyondellbasell Industries Holdings B.V. (Netherlands) and Calumet Specialty Products Partners, L.P. (US) are Leading Players in the Aliphatic Hydrocarbon Solvents & Thinners Market

Lyondellbasell Industries Holdings B.V. (Netherlands) and Calumet Specialty Products Partners, L.P. (US) are Leading Players in the Aliphatic Hydrocarbon Solvents & Thinners Market

Browse 205 market data Tables and 44 Figures spread through 206 Pages and in-depth TOC on “Aliphatic Hydrocarbon Solvents & Thinners Market”
Aliphatic Hydrocarbon Solvents & Thinners Market by Type (Varnish Makers’& Painters’ Naphtha, Mineral Spirits, Hexane, Heptane, Paraffinic Solvent, Pentane, and Solvent 140), Application, Region

The aliphatic hydrocarbon solvents & thinners market is estimated to grow from USD 3.4 billion in 2020 to USD 4.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. Factors such as increased demand for paints & coatings, which require aliphatic hydrocarbon solvents & thinners, from various end-use industries, such as decorative paints, automotive, industrial, and protective paints & coatings is one of the key factors driving the growth of the aliphatic hydrocarbon solvents & thinners market across the globe.

The aliphatic hydrocarbon solvents & thinners market in the Asia Pacific is projected to grow at the highest CAGR in terms of both value and volume from 2020 to 2025. China, India, Japan, and South Korea are key countries contributing to the increased demand for aliphatic hydrocarbon solvents & thinners in this region. Innovations in production techniques of electronic appliances, rise in population, and increase in the income of the middle-class population, have resulted in increased demand for consumer durables and automobiles in the Asia Pacific, thereby contributing to the growth of the aliphatic hydrocarbon solvents & thinners market in this region.

To know about the assumptions considered for the study download the pdf brochure

ExxonMobil Chemical, Inc. (US), SK Global Chemical Co., Ltd. (South Korea), Royal Dutch Shell Plc. (Netherlands), Calumet Specialty Products Partners, L.P. (US), Gotham Industries (Canada), Gulf Chemicals and Industrial Oils Co. (Saudi Arabia), Recochem Inc. (Canada), HCS Group (Germany), W.M. Barr (US), Ganga Rasayanie (P) Ltd (India), NOCO Energy Corporation (US), Gadiv Petrochemical Industries Ltd. (Israel), Hunt Refining Company (US), Honeywell International Inc. (US), BASF SE (Germany), and LyondellBasell Industries Holdings B.V. (Netherlands) are some of the leading players operating in the aliphatic hydrocarbon solvents & thinners market. These players have adopted the acquisitions, partnerships, expansions, and new product developments strategies to enhance their positions in the market.

In September 2020, Lyondellbasell Industries Holdings B.V. (Netherlands) entered into an agreement with Liaoning Bora Enterprise Group (China) and established a new polyolefin complex in the Liaoning province of northeastern China. The facility has the capacity of 1.1 million metric tons per annum, a flexible naphtha/LPG cracker, and associated polyethylene production capacity of 800,000 metric tons per annum, and 600,000 metric tons per annum of polypropylene.

In May 2019, Calumet Specialty Product Partners, L.P acquired Biosynthetic Technologies, LLC. The acquisition of Biosynthetic Technologies, LLC and its technological capabilities, is in alignment with Calumet’s Specialty Products’ focused growth strategy. Furthermore, the company also announced opening a new R&D facility in Indianapolis. This development is expected to create synergy to offer a competitive edge in the aliphatic hydrocarbon solvents & thinners market in the North America region.

Request for Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=155300623

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/aliphatic-hydrocarbon-solvents-and-thinners-market-155300623.html