Aliphatic Solvents Market Regional Analysis:
APAC Market Insights
Aliphatic solvents market share in Asia Pacific region is anticipated to exceed 30% by 2035. The majority of the world's demand for aliphatic solvents is currently met by the Asia Pacific region because of the need for paints & coatings in the building & construction, automotive, and other industries. China is the world's largest vehicle producer, and the country's market continues to be the key driver of aliphatic solvents growth. It is anticipated that China's robust chemical manufacturing industry and massive public and private infrastructure development will operate as the primary growth drivers for rising consumption across the country. With yearly chemical exports valued at over USD 72 billion, China is the aliphatic solvents market leader in this sector. In addition, as of 2020, China's domestic chemical consumption was valued at USD 1.77 trillion.
North American Market Insights
Aliphatic solvents market in North America region is attributed to hold about 27% share during the forecast period. The market in North America is anticipated to increase as a result of the region's increasing need for ecologically friendly solvents. The region's need for aliphatic solvents is also fueled by the expanding building and infrastructure sectors, as well as the rising demand for premium paints and coatings, printing inks, adhesives, and sealants.
