Aliphatic Hydrocarbon Market Size, Share, Opportunities, And Trends By Drug Class (Calcineurin Inhibitors, mTOR inhibitor, Antibodies, Others), By Application (Organ Transplantation, Autoimmune Disorder), By Distribution Channel (Online, Offline), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061617214
- Pages : 140
The aliphatic hydrocarbon market is valued at USD 3.594 billion in 2025 and is projected to grow at a CAGR of 4.52% over the forecast period.
An aliphatic hydrocarbon is an organic compound composed of carbon and hydrogen. It is extracted by PFE using aqueous and organic extraction solvents. These compounds are used as fuels, lubricants, raw materials for producing fibers, industrial chemicals, plastics, rubbers, solvents, and other products. Most aliphatic hydrocarbons are flammable.
The market is growing due to its applications in paints & coatings, aerosol, oil & gas, adhesive & sealants, mining, etc. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of cars and commercial vehicles rose by 10% in 2023 compared to the previous year.
- In Germany, the production of detergents and personal care products was 11.2 billion euros in 2023, according to VCI (Verband der Chemischen Industrie)
- In 2022, according to the China Surfactant Industry Alliance, the total output of surfactants reached 4.262 million tons, sales volume reached 4.209 million tons, and demand reached 3.6329 million tons. China's surfactant imports were 245,700 tons, and exports were 874,800 tons. In 2022, China's surfactants were mainly exported to Russia, Japan, Vietnam, Indonesia, and the Philippines.
- In 2023, the top importers of ethylene, propylene, butylene, and butadiene were Germany, with 586,592,000 Kg imports, the United States, followed by China with 483,984,000 Kg, the European Union with 466,203,000 Kg, and Belgium, according to the World Integrated Trade Solution (WITS).
What are the drivers of the aliphatic hydrocarbon market?
- Growing demand for paints and coatings
The paint and coating industry worldwide has been growing due to several factors. The major drivers are the development and growth of new housing projects, rising infrastructural projects, growth in the automotive industry, rising aerospace and shipping industry, and growing awareness of using environment-friendly and sustainable materials. The paints and coatings have multiple applications in diverse industries. The usage of coating and paint gives gloss retention, as well as chemical, UV, and corrosion resistance. The architectural coatings segment’s growth is also contributing to its demand.
- Use in automobile manufacturing
The automotive industry is growing substantially. According to OICA (International Organization of Motor Vehicle Manufacturers), the production of automotive vehicles has increased by 17% in the United Kingdom, 9% in France, and 18% in Germany in 2023 from 2022. This substantial increase is due to the demand for electric vehicles in the market.
The automobiles are generally painted with resins that further protect the metal from corrosion and rusting. The production of these vehicles is projected to increase in the future, which would further boost the aliphatic hydrocarbon market expansion. The need for clean hydrocarbon fuel will drive the segment's overall growth.
The aliphatic hydrocarbon market is segmented into five regions worldwide:
By geography, the aliphatic hydrocarbon market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see notable growth in the aliphatic hydrocarbon market due to its increasing applications in consumer electronics and the aerospace industry. Further, favorable government policies for the manufacturing of hydrocarbon will be boosting the market growth. These policies include a hydrocarbon exploration licensing policy, marketing and pricing freedom for new gas production from deepwater, ultra-deepwater, and high-pressure-high temperature areas, and a grant of extension to the production sharing contracts for small, medium-sized fields.
North America is expected to have a significant market share for aliphatic hydrocarbon products owing to the major demand from the paint and coating industry. For instance, in May 2024, PPG built a new paint and coatings manufacturing facility in Tennessee. It would be a $300 million investment in advanced manufacturing in North America. This 250,000-square-foot facility could supply products for transportation, heavy-duty equipment, building and construction, and consumer sectors.
Product Offerings in the Aliphatic Hydrocarbon Market
- DOW Benzene – DOW Benzene is a volatile, clear, colorless, and flammable liquid aromatic hydrocarbon. It can be utilized in the manufacturing of ethylbenzene, styrene, cumene, phenol, cyclohexane, nitrobenzene, and aniline.
- Alkylate 105- Chevron Phillips Chemical produces a broad portfolio of hydrocarbons used across numerous major industries, from paint thinners to dry cleaning fluids to pharmaceuticals.
- Reliance Industries Limited- Reliance Industries Limited offers cyclic unsaturated hydrocarbons containing one or more Benzene rings. Their Paraxylene (PX) capacity is 4.6 MMTPA, and Benzene capacity is 1.4 MMTPA. They have a production capacity of 6 MMTPA for xylenes and benzene. Further, the company's aromatics business also consists of LAB production of 135 KTPA.
Key developments in the Aliphatic hydrocarbon market:
The major leaders in the Aliphatic Hydrocarbon Market are ExxonMobil Corporation, BASF SE, Shell Global, Reliance Industries Limited, Sasol, and Dow, among others. These players implement growth strategies such as product launches, mergers, acquisitions, etc., to gain a competitive advantage. For Instance,
- In October 2024, the Hydrocarbon Business of Larsen & Toubro (L&T) secured a prestigious order under its AdVENT Business Vertical from the government of India. It is undertaking Navratna status as India's leading fertilizers and chemicals manufacturing company. The project involved the license, engineering, procurement, and construction of a 1,200 MTPD (DAP basis) NPK fertilizer plant, associated utilities, and off-site facilities.
- In September 2024, Gevo, Inc. agreed to acquire Red Trail Energy, LLC's ethanol production plant and carbon capture and sequestration assets for $210 million. Gevo, Inc. is a net-zero hydrocarbon fuel and chemical. The acquisition included existing CCS assets with a total sequestration capacity of 1 million metric tons per year, of which 160,000 metric tons per year are currently being utilized. This site could accommodate many future Net-Zero-type and related projects.
- In January 2024, PEMEX made significant progress in hydrocarbon operations. The liquid hydrocarbon production increased from 1,701 Mbd in 2019 to 1,876 Tbd in 2023. The gasoline, diesel, and jet fuel production totaled 655 Mbd by the end of 2023. The production of gasoline, diesel, and jet fuel production reached at the year-end of 2023 to 655 Tbd, of which the Deer Park refinery contributed 232 Tbd.
The Aliphatic Hydrocarbon Market is segmented and analyzed as below:
- By Type
- Saturated Aliphatic Hydrocarbon
- Unsaturated Aliphatic hydrocarbon
- By Application
- Paints & Coatings
- Adhesives & Sealant
- Polymer & Rubber
- Surfactant
- Dyes
- Other
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing demand for paints and coatings
4.1.2. Use in automobile manufacturing
4.1.3. Rising preference for eco-friendly products
4.2. Market Restraints
4.2.1. Fluctuating global prices
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. ALIPHATIC HYDROCARBON MARKET BY TYPE
5.1. Introduction
5.2. Saturated Aliphatic Hydrocarbon
5.3. Unsaturated Aliphatic hydrocarbon
6. ALIPHATIC HYDROCARBON MARKET BY APPLICATION
6.1. Introduction
6.2. Paints & Coatings
6.3. Adhesives & Sealant
6.4. Polymer & Rubber
6.5. Surfactant
6.6. Dyes
6.7. Other
7. ALIPHATIC HYDROCARBON MARKET BY GEOGRAPHY
7.1. Global Overview
7.2. North America
7.2.1. United States
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Rest of South America
7.4. Europe
7.4.1. United Kingdom
7.4.2. Germany
7.4.3. France
7.4.4. Italy
7.4.5. Spain
7.4.6. Rest of Europe
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. United Arab Emirates
7.5.3. Rest of the Middle East and Africa
7.6. Asia-Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Rest of Asia-Pacific
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Market Share Analysis
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Competitive Dashboard
9. COMPANY PROFILES
9.1. ExxonMobil Corporation
9.2. BASF SE
9.3. Shell Global
9.4. LyondellBasell Industries N.V.
9.5. Total S.A.
9.6. Reliance Industries Limited
9.7. Chevron Phillips Chemical
9.8. Mitsubishi Chemical Corporation
9.9. Sasol
9.10. Dow
9.11. Univar Solutions LLC.
ExxonMobil Corporation
BASF SE
Shell Global
LyondellBasell Industries N.V.
Total S.A.
Reliance Industries Limited
Chevron Phillips Chemical
Mitsubishi Chemical Corporation
Sasol
Dow
Univar Solutions LLC.
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