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One important trend that shapes this market is increased demand for clean energy sources that are sustainable too. This has resulted led towards bio-based aliphatic hydrocarbons from renewable resources (Hartman et.al., 2014) due to concerns about environment degradation leading to a focus on reducing carbon footprint . This aligns with other trends focused on greener chemical industry practices resulting into more environmental friendly options.
Similarly, the transition of automotive sector towards electric vehicles (EVs) has had an impact on aliphatic hydrocarbon market. This change of internal combustion engines into electric propulsion systems alters the demand for certain aliphatic hydrocarbons that are utilized in lubricants, fuels, and other automotive applications. Therefore, new formulations and products targeting electric vehicles (EV)’s special requirements such as specific lubricants, or coolants are necessary.
Market trends are also being influenced by economic factors not just environment. Aliphatic hydrocarbon market has become volatile due to fluctuating oil prices and geopolitical uncertainties. Companies within this industry have diversified their product lines and ventured into niche markets in an effort of mitigating risks associated with market dynamics. Focus on externalities like stability and resilience has guided strategic decisions across the sector.
Another growing use is bioplastics and bio-based materials in aliphatic hydrocarbon space. Rising awareness about plastic pollution necessitates finding sustainable alternatives. Bio- based polymers depend on aliphatic hydrocarbons as raw materials needed for various packagings, consumer goods etc.. This inclination corresponds to customers preference for eco-friendly products as well as increasing regulations against conventional plastics.
Emerging economies are pushing growth of global aliphatic hydrocarbon market spearheaded by industrialization coupled with infrastructure development.These areas have seen increasing need for aliphatic hydrocarbons in construction,paints & coatings,adhesives among other sectors.This opportunity is being embraced strategically by these companies through collaborations creation and venturing into key markets.
Underpinning market trends in aliphatic hydrocarbons industry are factors such as environmental, economic and technical. The direction this market takes depends on the sustainability of industrial practices, developments in automotive design, cyclical upheavals in economies, emerging bio-based materials suppliers and continued technological improvements. This means for firms in the sector to survive changing business environment quickly they need to adapt and be innovative.
Aliphatic Hydrocarbon Market Highlights:
Aliphatic Hydrocarbon Market Overview
Aliphatic Hydrocarbon Market is projected to be worth USD 4.85 Billion by 2032, registering a CAGR of 4.42% during the forecast period (2024 - 2032). 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 laboratory
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